Lower coast gazette., 1909-04-24
CROP STABLE
GIGANTIC PLAN TO BENEFIT
COTTON GROWERS.
BY Means Of Bonded Warehouses IN
Which Cotton Will Be Stored
Il Is Asserted Market Can
Be Regulated.

~
"When the farmers of the south and :;
he business men of the south say the :,
word. funds will be Immediately avail -,
able in sufficient volume to forever ,
place the great industry Of cotton pro- ,
upon a stable foundation, free
from the chance fluctuations OF the
market, relieved of the attack OF ma
nipulators and leaving the gigantic
crop monopoly Of this section to re-
spond, unembarrassed and unrestrlct-
ed, to the legitimate laws of supply
and demand. The result should mean
to the south an annual actual cash
saving ranging from $15O,OOO,OOO to
$3.50, 600, 000."
In these plain terms Daniel ]. Sui
", the man who drove cotton 20 us
highest market price since the civil
war, outlined the purpose OF his Visit
to Atlanta and the southern states,
says the Atlanta Constitution.
"My plan," he continued, "contem'
plates nothing less than an emlnently
practical ma~terializing, by sane bust
ness methods partaking of conserva'
tive business investment, OF the END
to which the farmer and the business
man of the south have for years dl'
rected their efforts; and that Is, the
creation of an impregnable business
system which shall do away with the
annual necessity of the farmer sacrl'
fcing millions of bales of cotton Tor
| pressing debt, congesting the market,
| hammering down prices, upsetting the
reign of supply and demand, and los
ing to this section the tremendous
sums that are it's due in return for
the one crop indispensable to the
needs of civilization.
Simple Business and Finance.
mo thinking southern man for a
moment questions the desirability OF
achieving this result. 1t has been the
vision of every southern business man,
every farmers organization in the his
tory of the south. The sole obstacle
to putting that vision into practical
effect heretofore has been the lack
of the immense financial resources
. and the machinery essential to the
handling of so vast a project.
"That obstacle will To- be removed
II the farmers of the south and the
business men of the south are read!
to lend their earnest cooperation II
plans making obviously for their Owl
se%lf.interest.
d 81 do not ask one penny from tn
southern people, l do not ask tn
4 pledging of one bale Of cotton, unit
n | have given ample good faith of sufH
!, cient financial backing, from source
:, that are unquestionable, to carr
every detail of the plan into enec
. and to safeguard the interest of ever
!, farmer in the south, from the ma
IL who raises one bale to the man VIII
a raises a thousand bales.
y "This understanding, which l al
II. willing to make good to all conner
is the foundation upon which tn
ii. rest of the plan is builded.
of "a minimum fund of $1O,OOO,OO
subscribed by the most co~nservati'
nj financiers of the United States.
=, available to be invested in such iro
~ clad securities as shall insure tt
=" ability and the responsibility OF Il
r plans promoters to redeem the
promises and obligations to the la
=. detail.
I "The people of the south will
given the first opportunity to inve
H. in this project, if, upon rigid inves
CATION. it commends itself to thu
Judgment.
hts But it will become operative, wi
os- the same rock-ribbed backing, II t
south does not see fit to put a SIM
ssi- dollar into it."
,af. Bonded Warehouses and Certificat
what are the details Of the plar
for was asked Mr.. Sully.
Geo "Simply the materializing," he
,,t swered, "of the plan your own Fal
ers' union has been and Is striving
..' nut into actual operation, but in VIII
.n' they have been impeded for lack
DIX the tremendous ready resources I'M
geo pensable to it's execution.
tors 1.-THE backbone of the plan Is
hey chain of bonded warehouses throu
,nts out the south sufficient In mum
the and capacity to house one-third of
20 a crop, and that one-third, as has b
law, demonstrated, will be the balance
With mower which will render market {
70. gestion impossible and Insure the
moi posal of the crop in strict conform
with the laws of supply and dems
Farmer Will Own His Cotton
OUT "No farmer will sacrifice or
''va' render the title of his cotton ur
VIA this plan.
"Say that he produces n ball
cotton. Under present conditions,
- vast majority Of southern plan
lays. soorro Tho funds for its
luction.
man His creditors press upon him
ana settlement. In only exceptional
been stances is he able to withstand
.cker pressure. AS an overwhelming
de is he is forced to sell his cotton the
ment It leaves the ginnery.
The same situation prevailing
every southern state, 1t follows
the bulk of the crop, instead Of
lowing natural business laws AMI
n the ing marketed over the legiti
,++;ro reriod of barter and sale and
-umntion is dumped uDOn the m;