The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1910-10-19
IT MEANS Loss
Farmers Are Urged Not to Saerihee Cot
tea ~ the Market.
WOULD LOWER PRICES

President I.arr-tt DECLARES that Ten
dsnry TO Sell Product Too Ear::n
Causes Prices TO S.. Duwnwarti-
Relieves that System OF bonded
Warehouses; NiI solve Problem.
Farmers OF The United STATES are
uTe"c Not 20 sacrifice the cotton Of
this E-ar oy marketing :; TOO early.
IN statement i-sn-G ~ Pr-sid.nc
| Cha-'eS i. Barrett. OK the Farmers
National Cooperative and Educa-
;!enai union. The statement OF Pres
den; n:,rEet, follows:
! /, has been Cor 4 number Of years
The practice among southern FARM
els. ei,he: through ignorance or ir-
6ebtedne.S 20 sacrifice larger or
smaller portions OF the financial re-
turns Tor ;hsif cotton 20 which the
| real value OF ,h.. staple entitled
! them
Rushing the staple upon the mar
ket the moment it left the ginrery
regardless Of the range Of prices.
they have been paid IN whatere. fg-
ure was ruling at that particular
| time. without reference 10 the bone
fide laws OF supply and demand.
In itself. the custom IS and has
been factor for depressing the mar
ke; since II conses,ed TIE staple and
operated 70 drive prices downward.
I, would take Az exper: statistic
ian TO cs:irnat. n" loss from this
source since the civi! war alone.
And when yoa speak o. loss 70
the southern farmer. you mean also
loss 70 the southern business man
and 20 every channe! Of southern
commerce and induStry-tor whatev-
e- affects the welfare o. the man
OF the acres affects also the welfare
OF every other man. woman ard
child in Dixie
Farmers OF the Southern States are
'his year in danger Of repeating The
old hlunder. IN great many local
tiles. the tendency 70 hold cotton for
a prise commensurate with its worth
is noticeable
Blu; in ..w other localities. the
fiber is being rushed on the BUYERS.
with taa inevitable. result tha; where
ever this occurs the price says down
ward and the grower is no; receiving
4" figure tha; represen; the value
0: N. staple &c the world OF con-
sumption.
do not insist tina; ;h.. farmer hold
his cotton where his debts are OF
very pressing naiur" and where he
can i:gu!da:e them in no other way
than by diSposing OF his product
But do desire 10 impress upon his
mind. the d.-s!rabili;y. il justice 10
himself and his family. OF making
an honest .Gor; 20 borrow Su!:ic:en,
money 20 tide over his immediate
obligations 20 the end OF keeping
his cotton we'll in hand until the
mark; responds 20 the bona GLe
value o! th.. staple
In 4 Sr-a; mauy Town IN :he south
We haze. made this possible through
our warehouse system. Each year
III" Sy>tem n,ak"s greater strides
a
ia;ion 20 larger number Of mem-
berg
| look ev-ntual:y for system OF
Sonded warehouses. und:! control or
our people 20 80 p.rmeate the cot.
.on belt that The smallest a. we'll
rs me larSeS; farmer will be .na a5led
% hold his cotton without prejudice
o his pressing obligations We nave
tpHnd in several states. ,ha; wher.
he staple is placed in a warehouse
properly secured There = little d!f-
icri;y IN borrowing n;'on i all ib'
emergency MONEY needed 20: It's
own-:s
Nhcr. farmers c:un"t hAv- ar-
c.->s 20 nu- OF ;i!.Se warehouses or
whore conditions are such thai ih.y
ind !, ,n!prac:ic35!. 20 obtain loans
On th.ii product .dv:>' ;hat 'h.y
sill ~ !:tti- OF he -;apl" posi-
bic JUS: enough 20 pay on The de5:s
that ma .. pressing 20! settlement
The. remainder should ~. held un|l