The Montgomery advertiser., 1909-09-12
Financing The Great
 American Cotton Crop

By Henry & Reed, Editor and Manager l of The Cotton Journal, Atlanta, Ga. To finance the American cotton crop In the interest of the country proiuc- ing the crop-in the interest of the | men who grow the lint--is without doubt the most important move capable of being made by southern people. I | of sectional interest. but in handling the subject under consideration, most emphaticatly urge southern men to in- ing cotton, because this money pro- duct of the south should be considered oy men who know and sympathize with the man who tolls. and know ani plays in the various industries of southern states To be financed and controlled by men who care only for would woe witSout serious contPoversy GO re asgvee re. suit in the further enthrallment of the roiling masses. hence 1t Is quite impossible to look with kindly eyes upon movSs looking toward the con trol of the, crop by men living beyond our borders. and engaged in the more or less doubtful occupation of specula-
 Because tha industry. is one of grand proportions does not signify simple rules .ot business can not be applied with the same degree of certainty in characterized their workings in huge raiIroad corporations, steel companies and other industrial enterprises. In- twill be found simple and will follow the course of good business procedure. There is no mysterious verbiage in
 business transactions and the route suggested by some from start to finish will be made to read smooth and clear to any mind capable of under question how to market the crop. for Of course that means to finance ft. is attracting better attention today than ss any other time in the history of are coming in their mind the best possible means for putting this indus try on 2 footing enabling 1t to com year our splendid product For 1t must be understood, the buying inter ests are completely organized and for the mercy of those interests in its present unorganized condition.
 No reference is here aimed at politi- cal, educational or. agricultural or- Eaoa ana ney na a not are are least have anything to do with the greater problem of financing and suc- cessfuly marketing this great staple. The Magnitude of the CrOpI Great CT Than All The Cola Mines of The World Twice Over.
 The American cotton crop. valued equal % to the cO%bineG output of all sam the gold mines in the world for two years, must be financed in such practical manner as to permit the marketing of the crop from month to month as de- mands from spinners present them- selves. thus preventing the congest- ing of an annual supply upon an over stocked market during the last months of the year.
 To accomplish this there must be certain prime and principal corner stones laid deep and strong and | hrr fRN
 First, We must establisb ample ware-housing facilities at principal ports and in the various districts, bonded by the government and man. bale warehoused, sampled and marked to correspond with bale, and said sample exhibited In the main or parent
 oresD or s ta S%T flor cotton by sample and without penetrat. ing the cotton belt.
 Second. We must establish a great cotton bank and trust company, capi- l talked and managed in the sole inter | est of the cotton crop. The details to be worked out by our best and most such an institution would be consider all countries
 ,.1,a5 Third; |, We ,hs gust gH,s,, crsste a money in exchange for lint cotton to the south direct. enabling its distribution throughout the cotton growing States. This Is all within the pale of possi- bility. only needing the co-operation of our Southern bankers to make Dixie the richest country on earth. 1 To do all these things may seem stupendous to those who give such matters close thought. and. again, to those who have looked upon this ques- | tion as a part of politics, farmers or | ganizations. cotton exchanges. ct al 1t may seem too simple to be effective | To the writer who has given cor porate matters attention the plan seems capable of being worked out ! without infringing upon good business methods: indeed. we can see no reason for hesitating at this any more than great railroad corporations steel com panies and other industrial enter
 The 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 combination, but to finance 1t for the sole purpose of permitting the crop to find it's way from the cotton field to the spindle In acts or misfortunes of any one.
 1 The 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 If he sells to his banker or mer- l chant these cotton certificates can be held by the banker or merchant, they stepping into line in the place vacated zuEsS-zu-O