The herald and news. [volume] (Newberry S.C.) 1903-1937, 1907-10-08
Tuesday, October 8, 1907.


It is becoming more and more evl-
dent every day that the Wall street
SPECTATORS are exerting every effort
to depress the price of cotton, hoping
to take advantage Of the necessities
of the farmers until the crop has
been marketed, after which, the spec
4ators, Of course, would advance the
price.
From various correspondents
throughout the state We learn that
the New York spectators are flood
ING the mails with literature in which
they talk Of a crop Of thirteen and q
half million bales, with cotton sailing
before the season is over sat eight
cents or loWer!'
Every man wno is even casually "a
upiliar with the cotton market knows
that the demand for cotton is strong
and steady. The consumption Is the
greatest in the history Of the world,
with. every indication that the de-
mand will continue unimpaired. Tae
spinners must and will have the cot
ton.
No one believes sincerely that the
present crop will be large one. With
every reasonable allowance made,
there is not the slightest chance that
the present crop will be anything
like the large crop Of last year or
the larger one Of the year before.
That the crop is short in Texas, and
in fact in al the territory west OF
the Mississippi, is well established
fact.
We fully realize the difficulties
which the farmers in some sections
experience in trying to mold their cot
ton, when they have obligations to
meet, but it is only by adhering res
olutely to the purpose Of the Farm
ers' union and Of the Southern Cotton
association not TO sacrifice the crop
by hurrying it to market that the
farmers can project themselves.
This is emphatical;y time when
thew should be given all the encour'
asement possibl. in their effort te
combat the Wall street speculators
who are trying to force down the
price Of cotton. Existing condition!
and future prospects justify goot
prices for cotton, and it rests witt
the farmers themselves to say wheth
er they will stand firm and secure
the prices to which they are entitled
or be stampeded by designing specu
lators who are carrying on a cam
paiu Of depression.
The whole south should unite 4
support the farmers in their concert
ed efforts to get the prices to whlcl
conditions entitle them.
Their resolution will triumph i
the end.-Atianta Journal.
The above is so true and 50 muc
to the point that we give it plac
here with our endorsement. Their
can be no doubt that this is the tim
above all others that have ever com
to the cotton growers for them t
stand firm and they are obliged t
win the fight. It would take a yer
short time for them to do it if ther
was united determination and. cotto
was held from the market.
The fact that cotton goods are sci
ing on basis Of Is cents cotton, an
no one denies that, should be evidenc
strong enough to convince the cotto
producers that they should have tha
price for their cotton and the law 9
supply and demand has absolutel
nothing to do with the depression i
price.
The Farmers Union Of this count
issues an address to the farmers asl
ing then to stand firm and they wi
win. If they are not going to do tn
there is very little good in their orga1
ization. It mas been claimed that tt
farmers could never be held togeth'
and we know t. is difficult but th
is a time when their own Salvatlc
depends upon their standing firm al
it is so apparent that interest d
mands it that we cannot understa1
why they should not stand togeth
and demand what is theirs.