The Montgomery advertiser., 1905-01-09

this method of acreage reduction, but, | mark my word, it will be brought into play by the banks. and 1t will do as 1 much as anything else to reduce the | acreage to a common-se basis. It will grow out of the fact that the | banks having vital interest in the cotton situation, owning cotton and having papers Against cotton that Is | being held, will not lend money in the farming season to men who propose to plant as much cotton as they planted last year, or who proposes to plant even as much as they had last year. When | the farmer comes into the bank to get l money for the planting and growing of l his cotton some conversation like this will take place, How many bales did you plant last yearg' T planted for hfty-bale crop" How many bales are you going to plant for this year?' Well, thought I would like to put in sixty bales this year" The response of the bank will be: we can't let you have money to increase your cotton acreage. We have cotton in the ware houses and on the farms, and we don't care to help unfdown It's value. Now. if you will plant for a forty-bale crop we will be able to do something for you."
 You see. the banks can easily orr l can unite on 1t and make it effective with but little trc lble, and I have no doubt but that they will do it."
 The SchO.l House Plan.
 The Texas "school house" plan of re- ducing the acreage will be presented and urged Ut the New Orleans meeting. This plan has its basis in the meeting of all the farmers in each beat at d school house and forming an organiza- | he ntx hox formed a committee is appointed to go over the local situation in the beat ane | to tell each farmer how much he should cut down his cotton acreage. l When the action of the committee is endorsed by the beat organization, the action of the committee is made bind ing and effective. It is proposed in 1 Texas in each of these beats to cut down the cotton acreage at least 25 per cent.
 A permanent plan of organization by which 1t Is hoped to control the cotton market each year and to have a fixed price of 12 1-2 cents. has been proposed by Ike Greenwald. a merchant of Car rollton, Ala. This, too. embraces the idea of beat organization, The beat organization having been formed, q local committee of three is named to direct the beat operations in the grow
 
 member of the county organization and each county organization names one of | the members of the State organization which Is to met at the State Capitol.
 The State organization names a del- egate to the national organization composed of representatives from the cotton growing States. This national association then selects some strong | man who is to be at the head of the | n yUh n ia tn in Orleans and to control the cotton mar ket having all the cotton growers of the South back of him. It is pro- posed under this plan to sell all the | cotton at the flat and stable figure of 12 1-2 cents a pound.
 Another plan has been proposed for affecting the price of cotton but the Southern farmers as a whole regard it as so absurd that they brush 1t away without considering 1t. This plan is to burn a million bales of che present years crop. The taking, sensational stories sent out from Atlanta to the contrary, there will be no burning Of cotton this year.
 The Bonded Warehouse.
 Perhaps the best possible plan for holding cotton permanentaly. that is 8 plan which will operate every year when 1t is thought nec- essary to hold cotton is pro- posed by President Harvie Jordan of the Cotton Growers Protective As- sociation. This plan is known us the Wado or bonded warehouse system. This plan is first the enactment all over the South, as 1t has been done in Georgia, of a law requiring a bond of each warehouse that 1t will hold and deliver the same cotton that 1t has received and for which 1t has given | receipts. The plan contemplates fur ther the buying and the controlling of these warehouses by the farm,rs.
 The evident anxiety of the mills to buy cotton at the present prices sus- tains the contention of the leaders of the general holding movement. The crop movement has been over mil lion bales in excess of the movement for last year up to this date. a fact which indicates that the mills are buy ing eagerly. It is asserted that every persuasion is being brought to bear upon the holders of cotton in Georgia and Texas to have them sell It has been charged in Georgia that some of the warehouses have actually sold the cotton that was being held and that they will. when the demand is made upon them Tor the making good of their receipts pay the farmer the full market price at the time the demand is made. It Is further charged thar holders of cotton have been approach ed with a proposition like this: You have hundred bales of cotton. Let us have the cotton and buy a hundr d bales of futures. We will pay all the costs and in this way you can be sure of getting any rise in the price.
 The farmers this year are getting the support of the mill owners, that is the Southern mill owners. This IS proved by the resolutions passed by the Spinner's Association, which met "Wednesday in Wilmington. It is proved, too, by the letters the spin ners have written the leading planters The mill owners want a stable price fixed for cotton. They do not want fl fuctuating a cent a pound as 1t did in the early part of last year. And they are willing to cooperate and assist the farmers in bringing about the one thing that bctl so desire, the fixing of firm and stable price for cotton
 And If this Is done 1t means the elimination Cf the jugglers of statis- tics and the speculative gamblers, and for the speeding of this day the entire South is praying.