The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1906-03-03
HELPED SPECULATION
1ss >ns Holding fhs. Gotten la tfs.
Southwest


Cotton continues ga HisasR ia nFies
and il shows The power OF Nj Thee
dore Price and his bear cohorts to
aepfess The price OF our cotton, and
that Ia the face OF an unusually short
crop The question for every south
err man 10 ash himself Is. Shall
this state OF affairs continue" We
al The South have IL within our power
TO prevent few bear spectators In
/ Wall street, New York, from longer
sitting IN their Offices thousands OF
miles from he cotton fields and die
tatiue prices for rs as they are doing
I today aud have been doing since the
production OF cotton commenced
When we happen To raise h little
more Than they need for their im-
mediate use they slump the price
below the cost Of production. and Il
does seem nov that after the last
New Orleans convention OF the South
crn Cotton Association the whole
combined cotton purchasing world
formed themselves into a league 10
depress prices in the face OF known
short crop The states west of the
/ Mississippi river were not organized
and consequently were not in sym
pafhs with MIR Jordans proclama-
ton for i5-cent cotton These states
continued TO turn their cotton loose.
thereby assisting the bears to carry
on their devilsh work. each day and
week since the New Orleans eonven-
ton, in hammering down the prices
lower and lower till today hardly 10
cents can be realized for middling
cotton.
Now the question for we OF the
South TO consider is what has brought
this constant decline about? Certain
ly not a short crop, for 10,50O,00o
Will practically cover the cotton crop
OF 1905, which we are now dispos-
ing OF 1t is simply we of the West
not holding and continuing to sell.
which ! have heretofore stated, help
ed these spectators who are robbing
us to still further demoralize the
market and send ii on downward
The Carolinas, Georgia. Alabama
and Mississippi, until within the last
few days, held on to more than t.
600 bales and it seems now that
We OF the West, turning loose as we
have, demoraliZed them over there
If we of Texas will but organize and
stand firm with the eastern cotton
growing states the battle is won. This
seeming defeat we are now under
going should nerve every man in the
South 10 more fully determine TO join
the Southern Cotton Association and
work without ceasing for the better
perfecting Of the organization for our
future crops. We can not afford to
lay down now and say we will CON
tinue TO be dominated by a few
| spectators, and for them to say
| whether or not we of the South shall
| be prosperous.
1t can, it will and it is going to be
done; that is, protect the price of the
crop that brings to we of Texas and
the whole South our money which we
do business with. and that is cotton
The work of organization in this
state will be pushed with vigor, and
let every man where appointments
are made turn ont to the speaking
and work for the upbuilding of this
organization that stands solely for
fair prices in the future for our cot
ton The formation of the Southern
Cotton Association at New Orleans
one year ago last January saved mil
=; lions to the South, and while we are
not yet thoroughly organized west
OF the Mississippi river to which
! cause | attribute our seeming defeat
| at the present, we must not give up
/ and say it can not be done. but organ
I lZe and stand firm and the victory
| will be ours. These spectators
I who have been and are now growing
/ rich at our expense must have our
| spot cotton. and if we plant a reas-
1 enable acreage and then market the
/ bales Judiciously, they will be COM
PEELED to give us d fair price for our
] cotton. viii our Texas citizens do
this? FUZZY believe they will. These
/ Spectators may work white chalk on
i blackboards throughout the land. but
/ there is no real business transacted
till the spot cotton is tuu
by the farmers.
r. ID. HUDSON,
Secretary Texas Division Southern
4 Cotton Association