Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1906-06-05

representative of southern poverty ana
disorganization, the producer VINO mas
neither capital nor credit and without
any organization to back him. On the
one side representative OF the organ,
lied brain and capital of the world. and
on the other side the representative OF
the south's poverty and disorganiZa-
ton, and between the two is the des-
thy of .he south.
The banker, the merchant and the
business men of the south from dlf1er-
ent places of business see this unequal
struggle going on from day to day, see
ing the price of cotton put down, say
four per cent per pound. twenty dollars
on the bale, $40 less to be deposited In
our banks, $50 less to move the goods
from the shelves of our stores, $40 less
to be put into the brain and character
of the children of the south, 5000, 100000
Ie IS on a ten million bale crop, TO deVel-
Cd the resources of the south; because
the resources of the south; because
poverty and disorganization cannot
cope with wealth and organization. Is
it not manifestly the duty of the mer-
chant and banker and financier or the
south to join with the producers OF
this, the south's monopoly, to so nix
the price of the cotton crop that they
shall give to the world what the world
needs at a price fixed by those who
produce it
Business Men Must Help the Farmers.
1t is idle to speak of the farmer alone
being able to solve the economic prop
lem of the south. Let the southern mer-
chant, banker and financier provide the
ware houses in cooperation with the
farmer, help him to borrow sufficient
money to meet his present obligations,
put the cotton in this ware house, or
ganize this ware house into holding
companies throughout the south, have
the farmers to give to this holding
company the power Of attorney to sell
this cotton, let the price be fixed be-
low which II Is not to be sold. Let
samples be taken and placed where the
buyers of the world can have access to
them, and where these buyers may be
able to place their orders, and thus be
able to dictate prices at which we will
supply the world. Should there be a
surplus, from every business standpoint
the south should own and carry this
surplus, because the moment that II
passes into the hands of the consumer
1t becomes a means by which ne can
withdraw from the market, and be en-
abled to bear the prices Of the next
crop. Hence we carrying the surplus
can at all times have a uniform price
on all that We do sell.
The Southern Cotton association is
bending every effort now to nave ware
houses built, and then to have these
ware houses merged into one general
company, and this general company,
with the state company to be chartered
under the laws Of the different states,
and thereby become the medium
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
possibly hope to convert her cotton
crop into a just and adequate return
of money. We make SO per cent OF all
the cotton produced in the world Ana
If the business men of the south Will
but join forces with the producers OF
cotton and organize ware house COM
mittee and financier, and through sell
ing committee in every state market
her cotton crop, then in the future we
can calculate upon each and every cot
ton crop bringing to the south an ade-
quate return for this, her great monop-
DIV. Besides this, every American
should feel it his duty to see that the
highest possible price for the American
raw cotton should be obtained.
The American mills consume only
about one third of the American cot
ton crop; two-thirds Of 1t is marketed
abroad. Say there is a $4,000, ,OOO-bale
crop made, and the price Is II cents
per pound, the amount of foreign cap
ital brought into America wouio De
$3.50, ,OOO, 900. At 10 cents per pound II
would be $4OO,000,0 900, or a loss of $S0,-
900 900, equivalent to 81 per capita for
every man woman and child in Amer.
lea. Should it bring cents per pound
the amount brought in would be only
1926, 900 900, or a loss to America OF
$16O ,O0, 900, 81 per capita for every man,
woman and child in America, when
would mean a loss in American trade
of from $SO,000,00 to $160,OOO,OOO
wear on export cotton alone, while IL
would not in anywise injure the man
ufacturing interests Of America.
From every economic standard In
view of the fact that America has a
practical monopoly of the cotton pro,
duction of the world, it should appeal
to the business men, not of the south
alone, but of the entire country to see
to it that means should be devised by
which the cotton might be financed ana
marketed so as to insure to the south
and to America the maximum prlce
possible. Mr.. Dale of Boston, MASS.
took this ground before the meeting Oh
the spinners and growers at Washing
ton and read a most excellent artlcle
along this same line.
Surely the business men or the south'
feeling and enjoying the last two years
of prosperity, the result of high price
cotton, will join with us now and ald
us in reducing this proposition to
simple practical business basis where
we can set the price and determine the
fluctuations in values. Let no man be
discouraged on account of this slump
in the speculative world. We cannot
afford to give up the fight. We are
learning our weak points and are do
ing all within our power to strength
en- them. We must have ware houses
that are chartered organizations In
each state We must have means by
which the cotton can be concentrated,
financed and sold only at the price
fixed. This is the problem before US,
and it is one i'm which every southern
man is interested. We must solve 1t.
E. d. SMITH.