The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1907-11-13
PANIC WITH A PURPOSE.

Nv o0ou t8OOStn8. Win OlaDOnc IN
oenuity and sasrgy. to extend until 1t
envelopes and 'throttles the business
Interests q the south. thereby forcing
\ IT,. sale Of the cotton crop at prices
1xsd by them. u the meanest and
nost viliainous blow ever aimed at
~ section. Z.
. Wan street IL short Of money. and.
Qnlsss the needed money can be OBJ
ooined from Europe stock gambling
onnnot be carried on to Its en-
S1oAment. The only means by which
unoney can se drawn from EYrop as
quickly an desired is by the Immediate
ana forced sale Of cotton. which the
Hills Of Europe need. must have. in
i. 1Aot. and for which they are willing
- pay. promptly. provided they can
ebtain u At their own price. Here 10
vhsrs the meanness OF the New York
1arpies comes In. They know that
- people OF the South are strsining
overy nerve Co hold their cotton until
oAey can exact fair and living
Dgloe for u from the spinners. who are
MN abIe to pay all and more than
the South asks and still realize q
handsome profit on their manufac-
tnred products. And. knowing this.
they nre not only willing to sacrifice
our greatest natural asset--the cotton
crop-but are doing their utmost to
rob the south Of hundreds Of millions
of dollars by tying vp the money OF
the Country 80 that the crop cannot
be financed and thereby forcing It on
the market at a. price that will be
ruinou to the cotton farmers and the
South generally. And to what end
That the cotton may 60 to Europe as
quickly q possible and the stream OF
3uropean gold started toward New
York. The fact that II the farmers
hold their cotton for few months
md market u gradually. - the mills
1eed II. the price can be maintained
- = level that win yield the farmers
. adequate return on the cost OF
Ogoducing Il. and would make the
~ sain to this counssy from the cot
ooA crop q hundred million or more
Go1lAss greater than II Il ~ forced on
the market now and sacrificed at the
price fixed by the foreign spinners.
ooes not have any weight with the
Wall street crowd. They want the
} sd 20 come from Europe now and.
oognsnly REGARDLESS Of the irreparable
IRONS they are doing the farmers OF
ene South. and al the people of every
eolling In the South. and the immense
Donetary loss that their action In
1Drcfng the sale Of the cotton crop at
49, than Its present intrinsic value
VIII entail upon the country, IL they
-poccsed In their efforts. they are try
ms TO lock up the money that they
control In New York. SO that the
oouth will be driven to sacrifice its
Qtton In order to keep the channels
90 business open and the wheels of
industry turning.
t The situation Is serious. but not des-
verate. Tor the South stills holds and
owns \ large par. Of the cotton crop
and cotton IN the key 10 the situation.
~ the soSth simply holds on tn the
cotton and refuses to turn Il loose un-
al those who must have II are not
only willing hut eager TO pay full val
Ne for II. the South will emerge from
the struggle victorious and with full
pockets But to do this. ,the South will
have to present a united front. The
bankers. merchants and farmers will
have To aid and support one another
and work together To- the one end.
The question is. will they do IL? III
they do not. u the bankers and mer-
chants. instead Of holding the cotton
they contro, and helping the farmers.
with whom they are In touch. to hold
the cotton still In their possession, add
the weight % their influence and the
power Of their money to that OF Wall
street 20 Intensity the pressure being
BROUGHT to bear upon the cotton farm
ers. who are the real meat and sub
stance OF the South. then the outlook
In indeed gloomy. for nothing can
prevent the sacrifice OF the south's
only money crop to the greed OF
Wall street. and the South will be
despoiled OF hundred million dollars
between this day and the time to
! plant the next crop. which will be
: planted. not for tho South's benefit.
bur for the further enrichment OF
those who oppress us by the power OF
money.