The Marlboro democrat. [volume] (Bennettsville, S.C.) 1882-1908, 1905-09-15
ELLVEN CENTS
Fixed es the Minimum Prics for the
Cotton Crop.

Cotton Crop.
President Smith, OF the South Caro
lima Association, Wanted It Fix.
Cd at Ten and q Half Gents.
Your committee, realizing the
unusually strong statistical position OF
cotton, we recommend a minimum
price OF IL cents, basis middling up.
lands, at the home market through.
out the cotton belt. e. D. Smith,
chairman; ii. Y. Brooke, secretary"
This Is the action tak3n by the
Ashevl]le Conference and sent out &c
the cotton growers OF the South who
are members Of the Southern Cotton
Association aud other farmers who
feel like aiding in keeping up the
price OF cotton. 1t is the call sent out
oy n executive committee Of the
southern Cotton association to the
farmers Of the south to hold their cot.
ton for IL cents. II the farmers vii,
comply with the call and hold for II
cents they will get it.
a dispatch from Asheville to The
State says the committees report was
no announced until after 10 O'Clock
and 1t had been awaited with intense
interest by the 100 or more growers
n buyers at the hotel. It did NOT
give entire satisfaction, but Ia O com.
promise.
Mr.. Smith c%ontended for a minimum
OF 1O3 cents now, with a later an
nouncement of q higher minimum
lie was overruled dlspite his eloquence
and was compelled to accept IL cents.
Fhere were members Of Che commit.
tee who held out for IL cents as a
minimum and others wanted to put it
even higher.
All or this was thrashed out In &C.
cret session and when the report was
presented to the open meeting it way
adopted without a word and the com.
m1ttee took up other business relating
TO the proposed amendments to the
constitution.
Eleven cents for cotton at the home
market Is equivalent to II ia or more
at The ports. The October quotation
thursday was around 10 81 100. So
mat n committee has called upon the
producers to hold for an advance of
about 63 points.
Inc most aggressive and influential
man In the association Is E D. Smith
lie has borne the burden Of debate in
this meeting has been a positive force
Tor conservatism. He has argued
valiantly for a safe and careful stand
as TO n minimum Of price and has
nad to contend against the unreason.
Ing demands Of rampant bulls who
wanted to put the price away up and
defy the world, flesh and devil.
While many cotton growers are
anxious to benefit themselves and their
fellow tanners have taken-this ex-
IRENE position conscientiously, itsis q
fact that emissaries of eastern specu.
lators have had an influence in i'm.
pressing a bullish sentiment upon tho
gathering here at Kenilworth inn.
For more reasons than n a demand
for a high holding price by the com
mlttee would have suited Wall street
Smith q c~ontended that a reason
able minimum should be set In order
TO protect the producer who Is forced
TO sell. He was chairman Of the com.
mittee on price, composed OF enc from
each State, and the fight In this COM.
mittee was waged all afternoon. Az
ter supper the report was made to the
whole executive committee In secret
session and the fight was thero re-
newed and lasted for several hours. 1t
was 10 Is o'clock when the commit
tee came out and announced the re.
suit Of Its deliberations.
There was a lengthy debate on the
adVisaoility OF establishing a news.
paper as an organ Of the association. A
committee previously appointed to re.
port on this matter did not make q
report and 1t was finally decided to
give The committee more time. There
Is wide difference Of opinion on the
subject aud at times the debate was
warm. or the South Carolina men
present., MIR. e. d. Smith favors the
proposition and Mr.. Hyatt opposes 1t.
Mr.. Hyatt's speech last night in op.
position was generally complimented.
The question OF finance also came
up this morning and Mr.. Hyatt's res.
olution to raise SIS 900 in 90 days for
expenses was adopted. 1t was stated
during the discussion that South Car.
DINA had done better than any Other
state In regard to finances and the
State Is n Of the most thoroughly
organized. The report Of the commit
tee on Statistics was submitted. The
committee consisted Of State Senator
j, i. Blown Of North Carolina; j
Mchlartin Of Mississippi and w. L
Peak OF Georgia, with Secretary Rich
ard Cheatham. They had reports from
10000 correspondents throughout the
south, including State, county ant
township correspondents. All of these
reports they had %canvassed and com
piled and after questioning men from
each State had made allowances fol
the individual bias Of the correspon
dents, whether bullish, bearlsh O,
conservative. From these reports the
committee concluded that the condi
tion of the present crop to date is I;
3 10 per cont. Of last years crop anC
that the Yield will be 1858, 1873 bales
By STATES the report In full follows:
State Yield. Condition
Alabama ........1,0 OBJ $50 IA
Arkansas ........ 619,466 10
EloTlud .......,. 54 Oily 50
Georgia. ,361,180 IS
Indian Territory. 1896, 522 IS
louisiana ....... CSC, 952 So
North Carolina. $50, O64 II
oklahoma ...... 307, COZ SO
South Carolina. -. 701,697 73
Tennessee. ..... 242 .202 rs
INAhS =. ..... z, OSI INZ Ia