The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1907-01-23

ual black and white contracts are tho
t'iS cement ,nsi ~ unit, t1u Dr.r
Ct,f rs FOR epacs-ipa action.
Farm organizations have done
much In the past. they are doing much
today to educate the farmers, they are
as John the Baptist preparing the way
for that which is better, srander ana
more efficacious. what ever be done
at this convention let It he for unfit
cation. cooperation and a pull all to.
gether; no tearingg down but build
ing up: harmony. not discord will
bring success. Palsied be the hrnd
and paralyzed the tongue that would
destroy a single division of the organ
ed forces battling for the rights of our
agricultural communities.
Adversely In the country means ad-
versity in the towns prosperity in the
country means prosperity in the
towns The people of the town are as
much affected by the community in
come, as are the farmers in the coun-
try.
II is true that in the years of big
crops and low prices there are more
suffering among the poor. more iinan-
cial distress and more bus ness fail
ures than in years of smaller crops
and fair prices: this is because the
smaller crop selling for better prices
causes more money to be distributed
among the people.
The truth is. something must be
done and in such a logical business
way that the farmer. merchant and
banker will work together for their
mutual good
Uuder past and present conditions
,f debts. doubts and distrust We can
not eAreot the farmers to- hold for
stated price and to instruct them TO
do so is the sheerest folly; we admit
that the larger the per cent of holders
the better the price, and the failure
10 obtain desired results is wholly
due TO the greater numbers who do
not cooperate in holding movement
and how to get this cooperation Is
the problem to be solved
Now undertake to maintain that
a minimum price of II cents cannot
obtain permanently through any
means suggested that depends upon
the farmers to refuse TO sell for less,
but while thi. is roundly true, yet we
are glad to ad1it that the whirlwind
campaigns made by this association
and led by our gallant leader, Jor-
dan. has benefited the Southern far
mers many millions of dollars, and
they lost many millions this year be-
cause they have not finan ially sus'
tanned tho association.
A minimcm price can obtain when
we have "a system of marketing that
win distribute a years supply OF COT
ton on the buying and selling mar.
kets and not dump years supply
on the market against four months
demand
This can be done when we are pre-
pared to do It, not before.
TO do this the interests of all must
be conserved the farmer must meet
his maturing obligations, the mer-
chant must have his money. the bank
er must be secured system OF
bonded and holding warehouses must
be provided, negotiable receipts be
given for cotton deposits for cotton
deposited and these receipts guaran-
teed by the warehouse or guaranteed
company. In short, a complete ware
house system operated on business
principles.
But even with the best warehouse
system, perfect in general arrange
ment and detail, there can not obtain
maximum and permanent results
without auxiliary helps and safe
guards
1t IS proverbial that farmers will
so to extremes, give them good prize
es one year for one product and they
are sure the next year to neglect
other crops and oyerdo that one par
tioular crop; now, no system can per
mahently win that viii leave out of
consideration this peculiar character
istic Of the farmer For this reason,
together with the fact that big crops
bring low prices, sugget the plan
of surplus or percentage holding, for
instance, this year | suggested that
through system of individual con
tracts one twelfth Of each mans cot
ton be put in the same warehouse on
ueh terms that a responsible com
pany could guarantee the spinners
that it would remain there until il
brought 10 cents per pound; this ef-
fcctlally done would have protected
the spinners and they would gladly
have laid us our minimum price for
o1r eleven-twelfths free TO sell cot
ton; each farmer having In the ware
house his own proportionate share
of the one million bales of percent
age held cotton, would have an eco
nomie interest In reducing rather
than increa ing product tion; then
again we must be in position to take
care OF our own suFpms If we would
deal direct with The spinner and this
should he the goal Of our ambition
for in this way we can more easily
eliminate the evils of speculation. get
fair prices and solve the problem
Then, with warehouse system and
with surplus or percentage holding
another preparation is necessary; in
some way we must arrange to buy OF