The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1907-04-23

about - Der Gems go Our
cotton crop. Hence A. per cent. 81 assr
buyers represent foreign capital SnN.
is T. nos an absurd proposition - leave
the poor siebf-rIGd.u. st-lAtrEauIr4
producer Of cotton - go an against
the Representatives ST Northern can
admn amt European capitalists w8tn
unlimited resources. perfect orEauIZt-
.riou a1t expect Them. tIs fprssr tlgz,sr.
ganfz-t4. 10 win anal brsun ina "a. south
IN conflict win the world. riches
AMI s1reWde anything like III. ntl
value ~ the cotton crop Gpuu which
Wt all ,4rc dependent There. - not /.
bank. mercantile cstabl lament or ann
business vocation "r a~Epcatiun in the
South that s. not d~cpendent directly
on the currency brought into ~cllcula-
ton by the sale OF the cotton crop
The Capitalists should JOIN Forces.
Now il is manifestly the height 81
folly-from = business Stlnauoin-lo
leave the poor nj disgreanized pro-
ducer 10 determine in i conflict with
the sh-cWdc-t foreign buyer the
o % money that sian DC put
into circulation in the south. 10 detcr-
mine the deposits in our banks. the
mount OF goods To be- sold Dv our
merchants. the comforts ana convcn-
fences Of our homes. the education Of
the boys and girls Of the South. ~
the development Of our resources. the
establishment Of our manufacturing
plants. To manufacture the raw ma
tcrial in the South. - ~ ia obtain
not only the profit on the rlw mate
lial. but the greater profit on the
finished article, u develop our water
mower. 50 as - light our cities. run
our factories i onncc our roads.
When all of those could he easily
within our reach if the capitalists IN
every county in the South were To
join forces with the producers Of our
cotton. and on wise. conservative bust
ness lines formulate Il simple CO.
operative plan. by which a uniform
price could be fixed upon cotton,
which price would include thu cost OF
production N profit 10 the rover
and profit TO the company financing
it plus the necessary carrying charges.
As il is now, and has been for years.
merchant n banker and bust
ness men of the South. who furnish
the goods and capital 70 the producer
Of cotton, w actually contributed
to the depression Of the price of cot
ton by demanding from the producer
q settlement Of their accounts with
out regard to the price that cotton
may be bringing ut the time that
these fall due, while those
who are making the price are kceriy
olive to the fact that these accounts
are being pressed, and that the mold
CT or owner of the cotton has no
other means Of meeting these oDliEa-
tons save his cotton. Hence, by &C.
pressing the price just Al that tune
these are due. ana bH
the holders Of these accounts press
ing for their payment, there amount
has actually contributed to the de-
preston Of the very article npo which
the commercial expansion OF the South
is ~deDcndent- IT is to relieve this very
situation that h Southern Cotton As
Sociation was formed: and il is fighting
to bring all the interests in the South
to realize the necessity for mutual CO.
operation.
Manufactured Goods Are Higher.
The demand for cotton products
has advanced in the last few years
far beyond the advance in production.
The amount of goods consumed today
is limited by the spindle capacity of
the world. The SDindieS of the world
running full time are not able TO meet
the demand for cotton goods. The
prices paid today for manufactured
cotton goods are higher than they have
been since h war period. Mills
could easily pay a much higher price
for the raw material than is now paid
and still clear n greater profit per bale
the producer is now obtaining.
AS an evidence Of the demand for,
cotton goods m the profits that is IN
its manufacture, in Lancashire district,
in England, alone, new mills, repre-
Sentlng new companies aggregatlhS
10, 600, 000 spindles, have been organic
ed and constructed in seven years, or
since 1900. a like increase is indi-
Gated in other European mill districts.
in the Northern and Southern districts
of America and in Canada, as one
mill pesident expressed it when asked
by the mills of the world, in view of
the unprecedented profit being made
by them, did not pay more for the
raw material. replied: We don't
have to- 1t is up to the South to COM
bine her business interests to make
them have to. The Southern Cotton
Association does not prOpOSe-nOr
does it deSire-tO become Il predatory
power, but simply 10 preserve the in
trinSic and competitive value of cot
ton, her practical monopoly Of the
worlds necessity.
SOuth's Poverty Is Net Result.
The purchasing world organizes It's
exchanges, SendS out its buyers into
every market, concentrates all its en-
ergy ana capital in Systenlatizing and
concentrating its W for the pur-
noSe Of controlling the market for its
best interest. The South, or the pro-
Queer Of cotton and those dependent
upon him, build 10 warehouses,
employ no sellers, organize no *
changes, do not systematic or ON
centrate their capital. but leaves to
The individual to dispose of MS rop
trty as best he may, and the net Is
sMit is the South's poverty.
The Need to Organize.
"Our plan for organizing Is 10 builC
warehouses; elect Il board OF directors
and Il business ans, a. cot
III i n.S,nCdlly money. alioW tbs
;ndividua, 70 h~ypothecate his COO {
Il these companies and receive Il il4t
SUFFICIENT to meet his pressing obliSa
Il. rs; t'tsc companies to ~cDnCenttat,
tHtir I.u .ailpS and sell 10 the pu--
eraser at 4 CrlCe representing. a. Salt
a'reauy, q Iet itimate profit II .hc III ,
| .iuc"l and Il legitimate pront TO tnt
tlnancirr, bus the necessary cost ..
N~arehOuSing, inSurIng and storing
! The moder facilities for transporta
| ton and communication makes tn
/ organization of the cotton interest .
the south easily practical n wonder
] fully remunerative."
COuld Be Localized.