The Montgomery advertiser., 1907-01-18
JORDAN URGES FARMERS
 TO FIGHT SPECULATION


 possible advantage to the productive timate cotton trade. The time nas come when the farmers of the south should be educated to demand a nigser that that the profit on their staple and the success of the avoca- tion in which they are engaged may be placed on parity with other ousi- ness during so prosperous an era III the nations progress.
 The Subject of ImmiEratios. l..
 The labor problem of the South IS attracting the serious attention; at the present time, of our State Legislatures, organized commercial and industrial bodies and railroad corporations; The question of immigration to the Soutn, if attempted on a large scaie. snouiu command the most serious and thought ful attention of every man who loves the South and wishes to sareguard our country to the future ownersnip ana race. If Southern cotton mills. indus, trial enterprises and railway interests require additional expert iaoor. let them iInpert this labor i,d tr1m },lI rhaf tSs de- mand and at the same time give an addition to our population that VIII not ieopardize the futpre b rbtgnts ana ann wbich pl,E will at all times respect the raSions, 1, laws and traditions of the south Ine demand from some quarters .espectatay oa,, z ters) for the wholesale importation or foreign immigrants on Southern farms for the supreme purpose oi largely increasing the present snppiy of American cotton. is a matter which cannot longer be looked upon wlth III difference by southern farmers an III Southern farms let the landlords Of. those farms say from what countries and what classes and numbers shail nroyde the demaaints 5q wee ep, osed to the massage of any immigration law which is not bound by every restriction that will protect the tin, peop1es Dauner 0a nT labor. and which does not restrict the right of immigrant entry to the oess and highest tXps or pfSn Eurepe If must begin the assimilation Of the pure pure blooded Anglo-Saxon Of the South wLtn foreigners, let those foreigners conae from those countries which first made the Anglo Saxon the type of the pres ent day. If the time ever comes when the Southern farmers must begin to divide up those lands whlch oescehueo to them from the blood and sacrifice of their fcrefathers. let the division pc made with people who will reflect credit upon their citizenship and ne- come desirable additions TO the pres ent population of the South:
 Let us strive to market the products of our farms at their full intrinsic value, beautify and make attractive our rural homes, Dutiu DeAtcI hcNSS~, and roadways, and thereby attract our boys and girls to the independence and freedom of rural life, thus turning back the tide which has for years swept the best young manhood rom our farms to the towns and cities, and this great hue and cry for immigra- tion to our farms from foreign coun tries will cease to be ,1t so intense; aa Ie bor troubles on Southern farms by higher type of educated husbandry- the use of improved farming mple- ments, and the speedy introduction of diversified agriculture under an in- tensive system of culture. ,
 With reference to the. purchase or South to be operated by British land lords. wish to say. that I am un- alterably opposed to any form of anen Iieve that it is the duty of every State in the South to secure the -.actment of such laws as will forever debar the foreign ownership of southern tands manufacture of American cotton III Manchester and Lancashire want to get Ss to 5hs eqeR Se ds @ S 5 the the eotton soHa belt of the United States, and :ettle and personally aid us in the devH'"n- cotton production and manufacture.
 The Evils of Speculation.
 The greatest evil with which South
 
 turers of American cotton have had to contend has been the speculation in cotton futures. The unbridled manner in which this business has been car ried on for many years in the cotton exchanges, private wire houses and bucket shops of the country has at last try to the enormitv of the evil and Is causing them to make ar emphatic de- mand for its suppression by State and national legislation. The southern Got- ton in the. South. which has forcibly presented the evils of speculation to the people. and begun an active cam paign for It's supp ession.
 After long and bitter struggle, dur ing the past summer, while the Gen. eral Assembly of Georgia was in ses- sion, the officers of your association. backed by the commercial bodies, mill owners and large buyers of cotton in that State, together with the loyalty of the members of the Legislature, se- cured the overwhelming passage or the "Boykin" bill the provisions of change and bucket shop out of busi- ness on December 31. 1906. The law Is a good one. It will stand the test of courts and will accomplish the objects desired. notwithstanding the fact that it's provisions are being opposed at the present time by the continued opera tion of one or two gambling institu- tions in the State. As the Legislatures or OIneT southern CldJSS CoHNGhS tHiS winter, I am assured that similar laws in those States will be passed. and within a short time the whole South will be freed from this species of graft and iniquity, which has for years peri odically robbed our people of millions of dollars and depressed the price of cotton far below it's legitimate values. This association has no desire to make war upon any cotton exchange which issues an honest, legitimate contract to be used to facilitate the handling of spot cotton by the legitimate cotton trade. But all forms of gambling. spec ulation and graft the association will continue to combat until relief for the cotton growers who suffer from such institutions has been fully obtained
 New York Cotton Exchange.
 Last September I was especially di- this association to take steps looking to the suppression of the unfair prac- tices and wholesale speculative features of the New York Cotton Exchange.
 Recognizing the power and tntiu- enZe of that exchange, with Its ten tacles of branch exchanges covering all sections of the country the mill lions of dollars at it's command, and the interruptions methods employed in fully realize the enormity of the un- dertaking But as I have never for one instance hesitated or shirked the responsibility of my duties to the peo-I ple of the South. l went forward de- termined to do my best. regardless of the ultimate result of the issue
 Without adequate funds 1t was diff flcult undertaking to secure evidence and perfect a plan of procedure that
 .E, @H 11arr rral