The Montgomery advertiser., 1909-09-12

l cotton certificates. each backed and by the distressed producer. These
 weight and grade. the whole, suaran- teed by bond of ample magnitude | and strength. becomes at once cir- cuiating medium, species of specu- lat lation. n, q means of saving, which the must recognize. No government bond | Is safer. If the cotton burns, the in- surance companies pay. for 1t; if 1t must have 1t at a substantial price above the cost of production. There Must Be . Start. Horace Greeley once said in the me- -morial debates on the resumption of specie payment, "The way to resume is to resume" and in like spirit the only way to accomplish the grand results pos | sible by financing the cotton crop by the South and for the South, is to finance fa1s ,as,. it. Faint heart never won Thomases never won a great victory in any walk of human endeavor. There fore. if the thing is to be done let's accomplishment in all the economies in the annals of history has an abid- ing place in the cotton growing States of America. / Such an undertaking as contemplat- ed needs a promoting fund of fmagni- tude, too great for any op4 aaan or 0ct OI IuGuC LO COnITIDulG, ncnCG II should be secured from the people in all sections of the Cotton Belt since all sections are to be benefited.
 The people in each State in the belt promotion fund These subscriptions whole amount has been subscribed They should then be paid into the These trustees from the various states would then meet and create Trust. Banking and Warehouse Corporation in the biggest proposition ever pre- sented by the South and these men who succeed in establishing e system for financing the world,s greatest firmly in the Hall of Fame that time will not be long enough to cause an effacement.
 An Appreciation.
 Appreciatiog the public spirit and sound business Judgment of those aid ing in the early stages of this great need by subscribing to the promotion all such public spirited men be re- imbursed from the stock of the main or principal company at fifty cents on the a9iar stock selling as par to the their names be engraved In such Q way and manner as to becoTe a part of the uniying history of the worlds greatest achievement
 The successfully carried out plans for financing our crop Is of interest to every person In the land because
 It is most interesting and will ulti- mately be most useful, to obtain the clearly stated views of thinkers along this line because the time is not far distant when some one or some party of business men, will hit upon a plan for financing. hence for marketing the crop. Not with the view of using the nv Wfa6N nTanlNy h,SA staple of rare value demanded by the people of the world, after it has gone through the necessary processes of manufacturing. The world needs It; important capacity between the pro- ducer and the wearer of cotton and must of course be paid a profit for the labor he performs.
 It is absurd to reason that the pro- ducer must be ground down by grow ing cotton for price below profit that the world elsewhere may buy the manu- factured product at a price pleasing the producer should live in poverty all his days that the spinner may earn huge dividends for his stockholders The man and woman the world over pays the bill and if they cannot, which seems ridiculous when one takes into consideration the prosperity of the grain grower, the live stock producer the worker in the mine and forest and
 
 turing and banking, then 'tis best tc study the profits made by spinners as compared with profits made by grow CTS and see if something cannot be done for the real benefit of the South ern planter.
 4 Project of Great Magnitude.
 The project is of such magnitude that men of courage in business and finance seem to look upon 1t as some- thing almost beyond and above human agency, yet when the plan Is perfect ed 1t will seem simple and comprehen- sive, such as mark the conduct of all other grand enterprises. When our Ing to the south of from S200, 00O, 900 t9 $3OO OOO0. 900 annually. will aid | materially in putting all our industries. farming. commercial, manufacturing and banking, on a much more satis- | factory basis. hence the South's busi- | ness man is interested or will be as | soon as he can be made to look at this great question in business like man. ner
 The writer has given this question considerable thought from time to time. and knowing the gigantic under | taking involved has tried to strip 1t of all ambiguitis with the object in | view of encouraging men to consider | the problem in the light of a purely | business undertaking.
 The attention of every loyal south ern man. banker. merchant, the pro- | fessions and planter should be called | to the mighty subject and some day a | convention of business men should be called to consider the ways and means 1 for giving to the cotton belt new and greater significance by carrying out | munication.