The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1906-06-06
dieorganization. and between the two
Is @ the destiny of tho South.

augmentation. and between the two
Is the destiny of tho South,
The banker, the merchant and the
business mon Of the South from differ
ent places OF business sec this unequal
Struggle going on from day to day.
seeing tho price of cotton put down,
shy 1our per cent per pound, twenty
| doliars on the bale, SEQ less to ba de-
| posted III our banks, $50 less to move
stores. $20less to beput int 9th @ brain and
character OF the children OF the South,
s200, OOO, GOO less than q ten million bale
| crop, to- develop the resources of the
South; because poverty and disOreani.
zatIon cannot cope with wealth and Or
ganization. Is it not manifestly the
duty OF the merchant and banker and
producers of this, tho South's monopo.
ly, to so fix the price of the cotton crop
that they shall give to the world what
the world needs at O price fixed by
those who produce it7
1t is idle to speak Of the farmer alone
being able to solve the economic prob.
lem of tho South. Let the Southern
merchant. n; ,;s banker and iinanoier pro-
vide the ware houses in corporation
with the farmer, help him to borrow
sufficient money to meet his present
obliBatiOne, put the cotton in this
ware house, organize this ware house
into holding companies throughout
tho South: have the farmers to give to
tbs holding company the power Of
attorney to sell this cotton, let tho
price be fixed below which it is not to
be sold. Let samples be taken and
placed where the buyers of the world
can have access to thems and where
these buyers may be able to place
their ORDERS. and thus be able to die
tate prices at which we will supply the
world. Should there be a surplus,
from every business standpoint the
South shouid own and carry this sur
es into the hends Of the consumer it
becomes o means by which he can
withdraw from the market, and be
enabled to bear the prices Of the next
crop. Hence we carrying the surplus
can at all tines have q uniform price
on all that we do sell.
The Southern Cotton Association Is
bending every effort now to have ware
houses built, and then to heve these
ware honses merged into one general
company. and thie general company,
with the State company 20 be charter
ed under the laws OF the different
States, and thereby become the me-
dunn through which all the cotton
owned by the members of the Southern
Cotton Association shall be sold.
There is no other plan by which the
South can possible hope to convert her
cotton crop into just and adequate
return Of money. We make s5 per
cent Of oil the cotton produced in the
world. And. il the business men Of
the South will but join forces with the
producers Of cotton and organize q
ware house committee and financier.
and through @ selling committee in
every State market her cotton crop,
then In the future We can calculate
upon zach and every eetssoii crop
bringing to the South an adequate re-
turn for this, her great monopoly.
Besides this, every American should
feel il his duty to see that the highest
possible price for the American raw
cotton eh0uld be obtgined.
The American mills consume only
ahnnt nna-third oe the Amofioan cot.
ton crop; two-thirds Of it is marketed
abroad. Say there is q IL, 600, ,O0O. bale
crop made, and the price is 10 cents
Per pound, the amount Of foreign cap.