The Marlboro democrat. [volume] (Bennettsville, S.C.) 1882-1908, 1906-02-16
BannsttsyilIo Mercantile Co., iSsttss itooT
The celebrated Cotton Dropper.
Guano Distributors.
Home made Virginia Lard.
Kingan's Hams.
"SSpinners and Price
Are Bearing the Market,

DSSnS Vno VAUAhOb'
In a stirring address President nj. l..
johnson, of the Georgia division, South,
| ern Cotton Association, urges the farmers
to stand'firm and hold their cotton. He
declares there is no cause for uneasinoss
or alarm, for tho price Of cotton is bound
to react. His address is good reading :
To tho Farmers, Bankers and Mcr>
chants Of Georgia-Tho cotton market
Just now presents tho most unusual aspect
tor some time there has been an almost
daily decline, Who and what are caus.
ing Ill? There is no doubt in my mind
that Theodore Price and other bears,
backed by the combined capital Of foreign
and New England spinners arc doing the
bearing" and will continue to do it 20
long as it is within their power.
1T is said the south began to buy flu
ture contracts below. about and above the
is to shake those people out and fill their
pockets with tho other fellows money
Price. Of course. would like to make back
that $4,000, 900 he is said 10 have lost
last season.
ut the second place they arc trying to
scare as many of tho spot holders as they
can and make them turn loose in ordcr 10
supply the spinners with spot cotton
This. of course, is the spinners who arc
backing tho bears in their efforts 70 force
down the market.
This decline in the market is extremely
peculiar. especially in view Of the fact
that the statistical position Of cotton has
not changed 1t is as strong today as it
was when. some months since, Price made
his celebrated bullish statement that 10,
500. 900 bales was worth Is cents, and
100000 bales and o fraction was worth
IL 1>2 cents.
1t is o fact known to us all that the
present crop will not reacfi 10, 500, 900
bales OF 500 pounds. 1t is further true
that moro than one-half of this crop has
been bought and has gone, and is going
to the spinner for even less than III cents
average price.
"1s it not further true that the foreign
and Nc& England spinner had rather see
the Sothern Cotton Association fail in lis
efforts than to have almost anything else
happen which he could imagine? Did
this spinner co operate with you fer let.
cotton ; has ho ever % .operated with you
for fair and living prices? No, and he
never will. He will fight you to the
bitter end, for he wants your cotton OF as
small a price as he can make you take.
Combining with Price and his associates
he will bear your produot and force you,
If he can, to take starvation prices for it.
Tho report has come to me that some
holders Of spot cotton are getting nervous
even frightened. Who and what are they
afraid Of? Whose cotton is it :? Does it
belong to SPrico, that you have to sell it
at his bidding? Surely there is not o man
in the South today, banker, merchant or
in any other line who would sell or force
any Other man to sell his cotton under
existing circumstances Surely every
drop Of couthorn blood will revolt at the
thought of obedience to tho lash of The
odore Price, and if he has not been with
us before surely every man will now join
the Sou. hern cotton association in its
battle for our rights.
No matter how much you may have
disagreed with the l5c proposition which
was fixed by the great convention at New
Orleans, and ratified and confirmed by
the executive committee Of the association
il should now NO .Lc -.oI~--.c iY.t 4