The herald and news. [volume] (Newberry S.C.) 1903-1937, 1907-11-29
Our Cotton Letter.
More Financiers Than Money

Go where you may, you never fail
to meet several men who have some
plan to relieve the financial situa-
tion and about lime times out of ten
if these wild eat financicrs had
their debts paid they might not have
cash enough left to control an old
hen and chickens.
Most every day you can read in
the newspaper under large lettcrcd
scare head lines about money mat
ters loosening up, money matters
now about to resume normal condi-
tions but still there is not enough
money TO retire all the cotton that
the farmers desire to hold. We
know of one cotton mill That is said
had to sell some of its stock Of cot
ton to get money TO pay its hands
with. while other mills have plenty
of money to take all the cheap cot
ton offered at the mills prices.
The financial situation has been
reported eased, improved and added
to until if all calculations were sum-
marized into one summing up of the
whole, this final addition would
make a show down Of something like
double the amount of money in that
we had before Wall Street started
this scrimmage; but yet, there is the
debt ridden condition Of the cotton
grower that is the cause of the whole
trouble.
East of the Mississippi the fertili-
Zer bills are the main cause. Anoth-
er year this cal he reduced largely
or cut out altogether and get down
to homcspun business and common
horse sense way Of farming. Quit
getting into trouble with eyes open
and then SHUT your eyes aid howl
for help! The easiest way out Of a
bad scrapc is not to get in it. Quit
mixing" so much dynamite or debts
III Your cutton crops then YOU cam
sit down on the lid Of your cotton
aHd Sm"kc the pipe Of peace with
Your nci%hbors without fear Of he
ing blown up by prowlin% cotton
bears.
The followin" extracts from a pri-
vatc letter to this Office from our
STAT" a"cnt. w. G. Moore, who is now
in Manchester, England, explains n
GOOD deal about our cottoa unions
Arrangements for shipping cotton di-
rect 10 ourselves or our order for
sale at Manchester. England, which
You can readily sec will net at least
$3.50 per bale above prices here, on
mlddling cotton every time and 10
trouble about advances there al six
per cent or less interest.
Here is what our agent says:
My trip here as the representative
Of those Offices Of the union that are
supporting my work, and are doing
something in material way to cs-
tahliSh an a~cncy here, which is the
proper thing to do, but once cstab-
lishcd ii. would die Of starvation and
fail if il is no. properly supported
from our members, and if they don t
understand thakit is worse than use
less to try to Mn their cotton here
without il strict' recognition Of exact
rules and action.
have just cablcd the Grccnvillc
Office that spot cotton if it were here
in storage so the spinner couM sec
what he was buying would bring
enough TO net our farmers for Good
Middling fob. Grccnville, II five
cighths cents per pound, after pay
ing all straight expenses outside Of
the warehouse chsrges of about 8
cents per month, and the brokerage
or toll to the cotton y association
which controls the rules and hand
ling, and as this price would ad-
vance as the Southern price advances
The advantage Of having the cotton
stored is the same practically all the
time. Then again there is always
plenty of money mere to loan on cot