The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1907-10-09
er afraid. this fear moved him ,c

dumping IL on the market. The local
merchants, moved by the same fear
and experience, could not buy and
hold for a better price, hence there
was no actual speculation in the
cotton market at all. The men most
affected. the farmers and merchants,
would not hold consequently the
great crop was sacrificed year by
year. Unstable conditions of the
cotton market was such that no
man could or would buy spot cotton
and hold 1t without the necessity
of hedging. Thus step by step the
South was drawn into the great
power of the New York Cotton Tx.
change and its adjuncts in each
Southern city.
Before the enactment of the Jen.
kins-Mayfeld anti4bucketshop bill
these places were laid In almost
every city, ready to write the price
as coined In New York upon the
bulletin boards. thus adding an in.
fluence to one of the most potent
and gigantic systems of robbery the
world ever saw.
The Farmers Union began this war
by advising the farmers and mer-
chants and everybody to hold cot
ton, by fixing a minimum price and
establishing system of warehouses
that will in the end put these sys.
tens inaugurated by exchanges out
of business.
The farmers price OF 15c was fixed
upon the principle Of shortage of
cotton and the great demand for
cotton goods. The demand for cot
| ton goods justiiies the price the
spinner can buy 1t for and still
make handsome profits.
Supreme Moment Has Come.
The supreme moment has come,
| the test Is now to be made. VIII
the gamblers nuctuating price be
| VI VIII Allt piiNt hN'u W
the farmers prevail? A formidable
organization. a network OF systems
and unlimited capital on one side;
a great and powerful organization
with grit and determination, con-
sciousness of right and the cooper
alton and sympathy OF the entire
South on the other. Which will
win9 1t is battle of giants; the
world trembles and looks on with
awe. The farmer, undaunted; his
resolution Is taken, his fear must be
overcome, and the battle Is on. VIII
the farmer hold his cotton and not
yield? The gambler and his price
must go; the world must be freed
from the clutches OF such freeboot
ers. The farmer has not a cent for
tribute, but millions for defense.
The farmer must stand by the
minimum price. The merchants and
banks are cooperating with US; the
world is sympathizing: we must win
Each state is in line. each state Is
in the fight, 100000 strong, with
warehouses built all over the South
and facilities arranged to carry mil
lions of bales of cotton.
Texas has her great central ware
house. located at Houston. Texas
| uFtth L. alxFtn N
manager. This warehouse is pre-
pared to handle all the cotton ship
ped to It, Brother Calvin is pre-
pared to make loans on all cotton
shipped to him. and at a low rate
of interest The union is earnestly
urged to give the central warehouse
all the patronage they can.
This warehouse has been a great
success in the past and is now ouI
great help In time of need No man
has legal excuse for selling his
cotton below the minimum price
when he can ship his cotton to
Houston. draw money on 1t and hold
as long as he pleases. or until the
minimum price Is reached. This
can be done. ought to be done. The
time is now to win. Hold your cot
ton until the minimum price is paid
then sell.
In a few days a conference with
the spinners will be held. Some ar
rangements will likely be made tc
sell our cotton direct to the spin
ners themselves. II not to force
their agencies to pay the minimum
price.
Brethren. pay no attention what
ever to the price given upon the
streets. 1t Is gamblers price
coined upon the New York Exchange