The Forrest City times., 1908-09-25
r, Teach Plan of Cotton Financing

tO io9Ch pi1U or SottoH FiHdHCtN9~
 Money has been appropriated by the Arkansas Farmers Union to push the movement to hold cotton in Ar kansas for the minimum price fixed by the union, according to an an nouncement made Thursday by R. H. McCulloch of Beebe, chairman of the executive committee of the Arkansas Farmers Union and secretary of the national organization of the union.
 Mir McCuloch stated that at the meeting of the executive committee of the Arkansas union, held Wednes- day al Conway. that committee con
 ferred with the Cotton Bureau of the
 Arkansas union In regard to the move
 ment to hold cotton in this state. and
 that the result of the conference was the appropriation of money to be used
 by the bureau.
 "The money appropriated will be
 used by the bureau in going out over
 the state and advising the farmers how
 to handle their cotton" explained MT.
 McCulloeh. They will be told how to finance distressed cotton"
 The minimum price set by the union
 for cotton has never been officially
 announced The price was fixed at
 the annual meeting of the national or
 ganiZation recently at Fort Worth.
 Tex, but was kept a secret. It has
 been rumored that the price is II
 cents, but no authentic information has ever been secured to that effect.
 The union held it's cotton for a minimum price of lo cents last year. Instead of advancing, however. the price of cotton went down. never reaching 15 cents. There was con siderable distress among union men after the cotton had been held for
 months, as many of them. being un- able to sell their cotton, needed money badly. The financing of dis tressed" cotton was then started. Banking institutions advanced about $40 per bale. The scheme was not very we'll understood, however, in many districts. and the movement, it is reported, was not entirely satis'
 factory 10 leaders in the movement. As the result. it Is understood. tha | leaders intend to explain the idea to | the members.
 Concerning the appropriation of
 money by the executive committee.
 Ben l.. Griffin of Conway. former state l secretary of the union, Thursday night
 said: ..s.,
 l the Arkansas Farmers Union in txeCi
 utive session at Conway. had under l consideration some very important business matters pertaining to the | business future of the union in Ar kansas. and especially so with the l cotton question. The committee ap- | propriated $25O to the Farmers Un- l ion Warehouse Association to be used | in an educational campaign acquaint- | ing and drilling our various union | warehouses in connection with what is expected of them in support of the | cotton bureau.
 | "A cotton bureau was established at | the last state meeting, out of which has grown the Farmers Union Ware house Association It is the business | of this association to systematiZe in one chain of direct business operation | with the Memphis Farmers Union
 Cotton Company. The Memphis l Farmers Union Warehouse Company
 is supported by the Farmers Union
 cotton committee and the warehouse | association The $250 referred to is l to assist in perfecting business ar engagement whereby the cotton com |
 to all the members of the Farmers l Union throughout the state; and with
 this money the warehouse association | will send it's workers to acquaint the | warehouse management in each dis 1 trict with the arrangements under way"