Okolona messenger. (Okolona, Miss.) 1900-current, 1909-05-19
MAKE CROP STABLE
GIGANTIC PLAN TO BENEFIT
COTTON GROWERS.
BY Means of Bonded Ware. ouse7 In
Which Cotton Will BE Stored
It Is Asserted Market Can
Be ReGu.ated:

When the farr crs Of the south and
( the business wer of the south say the
word, funds VIII be immediately avail
able in sufficient volume TO forever
place the great industry Of cotton pro-
duction upon a stable foundation free
from the chance fluctuations of the
market, relieved of the attack of ma
nipuators and leaving the gigantic
! crop monopoly of this section to re-
spond, unembarrassed and unrestrict-
ed, to the legitimate laws of supply
and demand. The result should mean
to the south an annual actual cash
saving ranging from $150,00O,0OO to
$3.50, 900"
In these plain terms Daniel ]. Sui
| ly, the man who drove cotton to its
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 eminently
practical materializing, 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 di-
rected their efforts; and that is, the
creation of an impregnable business
system which shall do away with the
annual necessity of the farmer sacri-
ficing millions of bales of cotton for
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 its 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 now be removed,
II the farmers of the south and the
business men of the south are ready
to lend their earnest cooperation to
plans making obviously for their own
selfinterest
II do not ask one penny from the
southern people, / do not ask the
pledging of one bale Of cotton, until
have given ample good faith of suffi-
Gent financial backing, from sources
that are unquestionable, to carry
every detail of the plan into effect
and to safeguard the interest of every
farmer in the south from the man
who raises one bale to the man who
raises a thousand bales.
"This understanding, which | am
willing to make good to all corners,
is the foundation upon which the
rest of the plan is builded.
"a minimum fund of $4,000. 600, !
subscribed by the most conservative
financiers of the United States, is
available to be invested in such iron
clad securities as shall insure the 7
ability and the responsibility of the
plans promoters to redeem their
promises and obligations to the last
detail
'The people Of the south will be
given the first opportunity to invest
in this project, if, upon rigid investi-
cation, it commends itself to their
"But it will become operative, with
the same rock-ribbed backing, il the
south does not see fit to put single
dollar into it."
Bonded Warehouses and Certificates.
What are the details of the plan?"
was asked Mr. Sully.
Simply the Undertaking., he an
swered, "of the plan your own Farm
ers' union has been and is striving to
put intoactual operation, but in which
they have been impeded for lack OF
the tremendous ready resources indis-
pensable to its execution
"The backbone of the plan is a
chain of bonded warehouses through
out the south sufficient in number
and capacity to house one-third of the
crop, and that one-third, as has been
demonstrated, will be the balance of
power which will render market con-
gestion impossible and Insure the dis
posal of the crop in strict conformity
with the laws of supply and demand
Farmer Will Own HE Cotton.
"No farmer will sacrifice or sur
render the title of his cotton under
this plan.
Say that he produces one bale of
cotton. Under present conditions. the
vast majority of southern planters
have already heavily mortgaged that
bale to secure the funds for its pro
luction.