Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1906-09-18

cotton, made the prospect for yielt
in Texas very slightly over that Of las
year. From Oklahoma and Indiar
Territory, L. B. Irwin Of saltwater
Okla, confirmed the report that for the
first time in the history Of cottor
growing the boil weevll had invaded
their territory, and though the pros
poets up to two weeks ago were very
fattering, yet he confirmed the report
that the outlook at the time Of oul
meeting was such as to warrant no ap-
preciable increase over last year. The
condition in our state is known to the
readers of this article AS to my OWL
observations. visited the states Of
Texas, Arkansas, Alabama, Mississip-
pi, North Carolina and in none Of these
states are there conditions to warrant
a yield approximately above that OF
last year. AS to Texas, Mr.. Hyatt has
given true report of conditions In
reference to the boil weevil and the
general outlook. / was present with
him and confirm the statement in his
interview.
Those Bear Reports.
It is absolutely suicidal for those
who make the cotton. to be frightened
by the bear reports that are being sent
out, and market their cotton for less
than 10 cents per pound at their re-
spective stations. The trade realizes
that this is the debt paying period and
that they will force the price down
now, take advantage of the poverty
and dire necessity Of the cotton pro-
ducer, and load up the mills with this
cheap cotton in order to get him In 9
position where they may dictate the
price for the entire crop. Let every
man who has his own and his coun-
try's interest at heart, see to 1t thai
the cotton shall not be sacrificed SIM
ply because we failed in obtaining the
Is cents. for which so many Of US
stood. Because Of the unseeming wis
dom of this move, is no reason why we
should not stand as a unit now that
we are all agreed as to the price below
which cotton shall not go.
have given the names OF the ex-
ecutive committee from every state
so that any one wishing to inquire
who they are and as to their stand
ing in their several states and as to
the conditions that obtain In theil
states, may communicate with them to
confirm the statements that I have
made.
A Syndicate Organized.
The executive committee decided In
view Of the fact that in our present
status we were not much more than an
advisory board and had no power to
enforce our demands, unless there
should be a strict observance Of our
advice, to organize a corporation fol
the purpose of buying, selling and
warehousing cotton and to raise, II
possible, at least s60,000,000 for the
purpose Of buying and retiring from
the market the weak cotton which each
year during September, October and
November is forced on the market to
the injury of all those who can hold
and who would be willing to hold un-
der other circumstances. The shares
are to be IS each. II every cotton
grower in the south would put into
this syndicate $5 bale on the cotton
grown, 1t would give the capital Of ap-
proximately $6O,000,000. This money
could be distributed in each state, ac-
cording to the number Of bales raised
i'm that state and be used for the pur-
pose Of purchasing and retiring cotton
offered below the minimum price
Say, planter raises ten bales OF cot
ton, he is offered cents per pound, he
takes $5 worth of stock per bale, OF
$50 In this concern; the market ad-
vances, in consequence, one cent pei
pound. He has made back on his ten
bales Of cotton the entire amount In
vested, besides still owning his stock In
the company. It is very simple plan;
very easy Of execution, IL the planters
merchants and bankers will just take
sufficient stock to realize the amount
asked for. AS 1t Is, we stand to lose
$40 on the bale any year on any size
crop we grow. Therefore, 1t stands tc
reason that IL we will take one cent a
mound on the cotton grown in the south
concentrate 1t in the hands OF practi-
cal business men to buy and retire cot
ton in the market to be held by them
for the minimum price fixed by US, this
will guarantee remunerative price
each year. We spend no money In pro-
tecting our cotton, while the buying
world spends millions of dollars and
makes millions of dollars robbing us
Of our profits.
Mr.. Witherspoon of Meridian, Miss.
Is looking after the charter; ]. p. Al
lison of Concord, N. c., ]. c. Hickey
Of Marshall, Tex, F. L. Maxwell oi
Mound, La, Mr.. s. A. Witherspoon OF
Meridian, Miss, and myself are ap-
pointed a committee to draft and pre-
sent the detailed plan to the public
at large. This, in our opinion, II prop
erly appreciated by the people OF the
south, will solve the problem OF fixing
md maintaining a price.
Let no man think that we are at al
discouraged. We have just begun to
fight. Z. u. SMITH.