The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1909-09-14

AA0SN ASoAS " 1io11SN
center in the South and thus bring
from foreign lands the gold obtained
N for int cotton to the
south direct. enabling it's distribution
throughout the cotton growing States.
ms Is all within the pale of posi-
Dlllty, only deciding the corporation
OF our Southern bankers to make Dixie
the richest country on earth.
10 90 all these things may seem
s~tupendous to those who give such
matters close thought, and, again, to
those who have looked upon this ques-
ton as a part Of politics. farmers Or
S~anlzatlons, cotton exchanges, ct al,
it may seem TOO simple to be effective.
10 the writer. who has given corpo-
rate matters attention the plan seems
capable Of being worked out without
infringing uopn good business meth
OBS; indeed, we can see no reason for
heSltating at this any more than re-
great railroad corporations, steel com
panles and other industrial enter
prises.
h great object in view is to
finance, to market. the cotton crop;
not to hold cotton for abnormal prices
or for the benefit Of any combina-
ton. but to finance it for the sole pur-
pose Of permitting the crop to find its
way from the cotton field to the spin
die IN a natural way, unhampered by
the acts or misfortunes of any one.
h Results.
The farmer not wishing to sell in
the fall Will be enabled to warehouse
his crop, and will be furnished with
certificates showing grade, kind, etc,
or il he sells to his banker or mer-
chant these cotton certificates can be
held by the banker or merchant. they
stepping into line in the place vacated
by the distressed producer. These cot
ton narfifrnfno naoh hooLo6 on6 CO
cured by a bale Of cotton of known
weight and grade, the Whole guaran-
teed by a bond of ample magnitude
and strength, becomes at once a cir
culatlng medium, a species Of specu-
lation, a means Of saving, which the
man of business anywhere in the
world must recognize. No govern
ment bond is safer. If the cotton
burns, the insurance companies pay
for it; if it does not burn the world
needs it and must have it at a sub
stantial price above the cost of pro-
ductlOn.
There Must Be a Start.
Horace Greeley once said in the
memorial debates on the resumption
sumo is to resume and in like spirit
the only way to accomplish the grand
results possible by financing the cot
ton crop by h South and for the
South, is to nance it. Faint hear
never won fair lady" and the hating,
doubling Thomases never won a great
victory in any walk of human en-
eavor Therefore, if the thing is to
be done let's start it and go on until
the grandest accomplishment in all
economics in the annals of history
has an abiding place in the cotton
growing States Of America.
The First Stem.
Such an undertaking as contem-
plated needs a promoting fund of
magnitude, too great for any one
man or set Of men to contribute,
hence it should be secured from the
people in all sections of the cotton
belt, sine all sections are to be bene-
fitted.
The people in each State in the
belt should subscribe their quota tc
the promotion fund. These subscrip-
tons should not be called for unit.
the whole amount has been sub
scribed. They should then be paiG
into the hands of a trustee in each
State. These trustees from the vari-
Gus States would then meet and ere
ate a trust, banking and warehouse
corporation and open books for the
sale Of stock in the biggest PROPOSE.
ton ever presented by the South anG
these men who succeed in establish
ing a system for financing the worlds
greatest money crOp Will write thell
names so firmly in the hall of fame
that time will not be long enough to
cause an placement.
An Appreciation.
Approaching the public spirit ant
sound business Judgment OF those aid.
ing in the early stages Of this grea
need by subscribing to the promotion
Or expense fund, it is suggested that al
such public spirited men be REIN
bursed from the stock Of the main o.
principal company at so cents on tn
dollar, stock selling at par, to the ex
tent Of the sum subscribed and tina
their names be engraved in such {
way and as to become a par
of the undying history Of the world
greatest achievement
The successfully carried out plan.