The times and democrat. [volume] (Orangeburg, S.C.) 1881-current, 1906-02-07

yhole souled man and itlwhs a genu
ne pleasure to have him and Mr.. Hy.
.et present. Their speeches were to
ihe point aud We feel assured that
;ney accomplished great deal OF
rood. President Wannamaker then
Introduced Mr.. HarYie J Jrdan, who
8 at tha head CT the Southern Cotton
Association,
NIB JORDAN SPEAKS.
Mr.. Jordan com uenced bis speech
by saying that since be had arrived In
Orsngeburg he had heard that it was
reported that he was a lawyer. he
said that he did not have the honor OF
bsiog a msmbsr of that profession,
but that for three hundred yeara, as
for back as be could trace his ancestry,
be had come from line OF farmers
Sinca he was nine years OF age, be
said, he had earned the money that
paid for the clothes he wore, and that
be had only had the advantage Of
three years schooling. With these
brief preliminary remarks as an intro
ductory Mr.. Jordan az once took up
bis subject. Hs said he wished 10
discuss The cotton question with those
present. There was only two questions
for the farmers to decide, Tne lrso
was did be want the intrinsic value
OF his cotton, and the second, was he
willing to work to accomplish thA
end. The recsnt heavy depression In
the prics Of future contracts and spot
cotton Is totally unwarrented fron
the standpoint OF legitimate supply
and demand. The price CT cotton
should be based on its intrinsic value
and not subject to the whims and
fancies Of speculation.
He said the people Of the South
who made the ,tron, knew very lit.
tie about what became Of it, where
it Went aud who used it. He said
without this important information,
the farmer could MT hold his own
against the Speculation. He showed
that the statistical position Of cotton
from supply aud demand standpoint
was exceedingly strong, and con
tsnded 5nat every bale CT cotton held
in the south should easily command
a price of not less than is cent?, basis
middltng. The spinners GIN easily
pay Is cents for the balance OF the
unsold portion OF this crop and will do
s, Il the spot holders stand firm.
Speculative manipulation by the
"bears" operating tn the future mar
kst Is no guide TO the true value OF
cotton.
Mr.. Jordan went on to say that tel
egra. bic reports received by the asso
citation rrJm all points in the south
indicate chat spot holders are stand
ing firm and will not sell at declines
Hold firm for Is cents; the cotton is
worth it, and I challenge any spin
ner to- show the contrary at present.
prices of dry goods. Theodore Price
js daily filing the southern press with
Misrepresentation Of facts and doing
all that money and ingenious manip
ulation of figures can do to break the
solid south. Spo5 holders In the south
should show by their frmness that
they can and will repudiate such
uen as Theodore Price aud the meth
DDS employed by them for purely sci
fish gain. Those who hold will win
the battle and got Is cents for their
The farmers who make the cotton
should fix the prtcs of that cotton
and force the consuming world to pay
that price. If the farmers would
only stand shoulder to shoulder on
the price of cotton the consumers
would come forward and pay tha
price demanded by the farmers. II
New England had our monopoly Of
cotton production she would make it
pay her better tuau the south makes
.s pay her. In the last few months
The Southern G itton Association has.
,aved millions Of dollars TO tue Southi
snd would save millions more If the
people Of the South would sust lin 1t.
1s said anybody could hold Cotton
chen the price vas going up, but it
jook a mau to hcli it whan the prics
vas gaicg down. Hold your cotton
md MARKET it slowly. E was suicidal
or the farmers to sell years su?ply
if cotton in three molJhs. Hs ad-
vlsed the farmers to take good care
# tha c)ttGn ghay s-ored, as it would
ring a better price. M. JorGau
hen made STRONG appeal to the
armers to make thei7 flrms self
by dlvsfsifying lneir crops
is eenerally admitted that the
eductt0n in cotton acreage for 1875
,nnuatfd 10 al av4r9ge nt l5 per
ent. TIE dsmAnd fjr a full reduc
ion of 25 per cent. from Gne enCr
nous area planted il. 1904 would
nean thai 1e must still further re-
luce the area planted in 1906 from
HIT Of 1895 at lest 10 per csnt.
Those farmers who reduced Ghcir cot
Oh acreage 25 per cent. last year will
lot be asked to reduce again this
ear, but they will be expected to
/ Id their acreage down to that
,.aated last year. These farmers
Who did not reduce last year are e1-
,scted to cut their acreage 25 per
snt. this year. The man wno re-
|ueed Is per cent. last yeas is expect.
d to cut his acreage another ten per
ent. this year. In other words, it is
that the COTTON area.