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

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Go where you may, you never fail
to meet several men who have some
plan to relieve the financial situa-
ton and about nine times out Of ten
if these wild cat financiers 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 lettered
scare head lines about money mat
ters loosening up, money matters
now about to resume normal condl-
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 ., 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-
married 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 can be reduced largely
or cut out altogether and get down
to homespun business and common
horse sense way Of farming. Quit
getting into trouble with eyes open
and then snut your eyes and how
for help! The easiest way out Of a
bad scrape is not to get in 1t. Quit
mixing so much dynamite or debts
in your cotton crops then You can
sit down on the lid Of Your cotton
aad smoke the pipe Of peace with
YOUR neiohbors without fear Of be-
ing blown up BY prow]ins cotton
bears.
The following extracts from a prl-
vate letter 10 this office from our
state agent. ". c. Moore. who is now
in Manchester, England, explains a
good deal about our cotton unions
arrangements for shipping cotton di-
rect to ourselves or our order fol-
sale at Manchester, England. which
you can readily see will net at least
$3.50 per bale above prices here, on
middling cotton every time and nc
trouble about advances there at sly
per cent or less interest.
Here is what our agent says:
My trip here as the Representative
of those offices Of the union that arr
supporting my work, and are doing
something in material way to es
tablisn an agency here, which is th'
proper thing to do, but once estab
li$hed it would die Of starvation ant
fail if it is not properly supported
from our members. and if they don =
understand thaKH is worse than use
less to try to Wn their cotton here
without strict recognition Of eyac
rules and action.
7 have just cahled the Greenyi!l
Office that spot cotton if it were here
in storage so the spinner couN Sc
what he was buying would brln:
enough to net our farmers for Coco
Middline fob. GreenviIle, II five
eighths cents per pound, after pay
ing all straight expenses outside o
the warehouse chsrges Of about
cents per month, and the brokerage
or toll to the cotton association
which controls tie rules and hand
ling. and as this price would ad
vance as the Southern price advance
the advantage Of having the cotton
stored is the sane practically all thu
time. Then az lin there is Away
plenty Of money nere to loan on cot