The Lee County journal. (Leesburg, Ga.) 1904-19??, 1906-02-02
Fifteen Cents Cotton.


out single dissenting voice, unanimous
y endorsed the resolution 10 hold the bal
ance OF the unsold portion Of the present
crop for fifteen cents per pound, basis mid
ding. at the ports.
The Executive Committee of the South
ern Cotton Association, III annual session
at New Orleans, January 18th, 1906, also
unanimonly endorsed the action of the
Convention relative to the fifteen cents re-
solution, Representative OF Sout ,.eln
Bankers, who assembled at New Orleans
during the Cotton Convention, passed
strong resolutions guaranteeing the NOR
al and financial support of southern banks
banks in the presnt effort of the Southern
Cotton Association to secure fifteen cents
for the balance of the crop. The fight is
now on the finish between the spot hold
ers and friends OF higher prices, backed by
southern bankers, and the Bear specu
lators, spinners and enemies to fair and
equitable prices. The lines are plainly
drawn, and friend or foe will be quickly re-
cognized by the voice, pen or position
taken.
We are dealing with a product worth
many hundreds Of millions of dollars an
nualy, distributed, in its raw and .,manu-
foctared lo,m, Throughout the entire civil
lie world. The producers Of this m st
valuable product of southern soils have
been the slaves and serfs of the CONNER
ci4l aud consuming world for nearly hall
a century. Southern Cotton growers, fl
nanced by their local banks, are gradually
working a revolution in the Old system o.
marketing their staple.
Short crops and fairly good prices from
I0oo to 1907, lreeG the southern growers
gel orally from The lash of mortgages and
credit. Increasing the food supply crops,
has been an important factor in dcvclope-
ing that indepen ance ami thrift which
should characterize every Iarm. Tor these
reasons, il made possible tn ; handling Of
the great crop Of 1904, on profitable basis
to tIre growers against the combined or
ganiz1d brain and money Of the world. Ii
Is Tor these reasons, together "i'h advanced
hought, study, and better knowledge of
legitimate supply and demand Of c@Con
that will enale the spot holder, of cation
III the south, TO demand and enfore high
er prices Tor the balance OF this crop than
aye at pre-. mt prevailing. 1t has not been
denied that spinn"rs could have paid
welvc cents to,the farmers, for the entire
cIor OF. 1905, and declared good dividends
OH th.ir investment, at the prevailing high
prices 81 yarns and dry goods. tic lonot
b denied that Bear spectators, backcdby
tie spinner took advanta e of the neces-
sites of the farmers in S.pten Der all / DC
tober, aud forced prices down t. Ia
cents per pound, buying in fully. one halt
Of the crop ar und ten cents. Ii the bal
ance Of The crop now held, and which dos
not exceed I, 500, 900 bales, is sold at hf
teen cents per pound, the whole crop will
go to the buyers an spinuers at an aver
age price to the farmers, under II cent
per pound. Wnerei5 the exorbitaut de
mand Of the farmers? If the cotton i
worth it, why should not The producer bt
entitled to receive its full value? Those
geotlemen who are raising such how
about II cent an IS cen cotton, were
silent as the grave when cotton was selli't
at cents.