Okolona messenger. (Okolona, Miss.) 1900-current, 1906-01-31

AEh HE mammoth Gotten Convention
EVEN TlMES held at New Orleans January III 13
Hk 1906, without single dissenting
fNNFNYL%A voice, unanimously endorsed the
AEEE8IHH%2k resolution to hold the balance Of
&GMEm, the unsOld portion Of the present
crop for fifteen cents per pound,
pWzE basis middling, ct the ports, says
Harvie JoFdan,. president g. q. A. ~
u The Executive Committee Of the Southern Cotton
AsCOciation, IN annual session 81 New Orleans
January 10Th; 1905, also unanimously endorsed the
action Of the Convention relative to the fifteen cents
resolution. Representatives Of Southern Bankers
who assembled at New Orleans during the Cotton
Convention, passed strong resolutions guaranteeing
the moral and financial support Of southern banks
in the present effort Of the Southern Cotton AssOc
alton to fifteen cents for the balance OF the
crop. The fight is now on to finish between the
spot holders and friends Of higher prices, backed by
southern bankers, and the Bear spectators, spin
and enemies to fair and equitable prices. The
lines are plainly drawn, and friend or foe will be-
quickly recognized by the voice, pen or position
taken
We are dealing with product worth many hun
dreds OF millions of dollars annually, distributed
in it's raw and manufactured form, throughout the
entire civilized world. The producers OF this most
valuable product Of southern soils have been the
slaves and serfs Of the commercial and consuming
world for nearly half century. Southern cotton
growers, financed by their local hanks, are gradu-
ally working revelation in the system OldOf market
ing their staple
Short crops and fairy good prices from 1900 to
1904, freed the Southern growers generally from the
lash Of mortgages and credit. Increasing the food
aupply crops, has been an important factor In do
WfaopinR En6 fl ID MHh1lt MhAmld
dalnrnClsEixe nYnry larm. N0k 10E6 ltsin
possible The handling Ufthe great crop sui 10O4s
on profitable bagls to the growers against the com
bined organized brain and money Of the world. It
s Tor hese reasons together with advanced thought
study, ana better knowledge Of legitimate supply
and demand and enforce higher prices for the bal.
ance Of this crop than are at present prevailing.
1t has not been denied that epinDers could have
paid twelve cents to the farmers for che entire crop
Of 1905, and declared good dividends their inves
ment, at the prevailing high prices Of yarns and dry
goods. 1t cannot be denied that Bear spectators,
backed by the spnnerE took advantage OF the neces
stiles Of the farmers in September and October and
forced prices down to 12 cents per pound, buying
in fully one.half Of the crop around ten cents. II
the balance of the crop now held, and which does
not exceed 800 900 bales, is sold at fifteen cents
per pound, the whole crop will 60 to the buyers and
spinners at average price tc the farmers, under
10 cents per pound. Where is the exhOrbitant de.
mand OF the iarmersi II the cotton is worth it,
why should not the producer be entitled to receive
it's full vRluei Those gentlemen who are raising
such howl about 12 cent and ID cent cotton, were
as silent the grave when cotton was selling at
cents.
Stand Arm for fifteen ct nts. Sell your cotton q.
that price, and do not undertake 10 force the market
still higher Our position is based upon equity and
fairness and no effort dbonld b made 10 90 beyond
that E1t 10 b fair with te Gpinnern; and n max
Ing lalea let Z 3 91tln p1derstcCd thas tns Dny'
and chat the cotton a not beine bOueht IpF the pur
uosaNg Eender on speculative contracts In the cot
ton Oxohnn nnpes Ol tho country. Notify yOur cotton
factors lAnt this rule must be strictly adhered TO-
Let the gpeCulatofs who have been tbsaring' the
market and who are short on their contracts, gel
~ fhoSr ha wn