The interior journal. [volume] (Stanford, Ky.) 1905-1910, 1910-09-23
WIDE COMMERCIAL
CALAMITY IF THE
POOL SHOULD FAIL
Property Values Would Fall
With Tobacco, and Ward
Headley Estimates
Loss at Millions.

WINCHESTER, Ky. (Special) In
an eloquent address to tobacco grow.
ers here, Hon. Ward Headley' made
strikingly plain the disastrous conse-
quences which would follow failure TO
pool the 1910 crop. lie said In part:
The success OF the pool means if-
teen or eighteen cent tobacco: our de-
feat means Ave cent tobacco coupled
with the destruction OF the most COM
plete and beneficial farmers organiza-
ton ever devised upon the earth.
These are facts that can not be re-
sisted. They can not be overcome by
any dreams OF philosophy or process
OF mathematics.
suppose We accept the claims OF
our enemies as basis OF calculation.
They say We can not sell our present
holdings because they have an abund-
ant supply OF stock on hand. They
say that there Is an enormous In
crease In the acreage; that the quality
Is good and that there will be plenty
OF tobacco outside OF the pool to sup
ply their wants for the next two
years.
Therefore. II We do not sell the
pooled tobacco. what viii become OF
the market when our hundred million
pounds is put In competition with the
new crop? The Trust will immedl-
ately cry overproduction and surplus
and will buy at their own price and In
their own good time. This means a
direct loss Of s15.00oO00
Destruction Of Values.
when all things are considered, II
costs IL cents per pound 10 raise to-
bacco on Blue Grass land. A man
raising forty acres OF tobacco would
lose In round numbers 1000 al such
prices. This Is only one item OF loss.
The dissolution OF the Burley Tobacco
Society means the absolute destruc-
ton Of one-half OF all property values.
Il means the complete ruin OF the land
owner who is In debt. II the bankers
and merchants are unable 70 carry
their customers with Afteen-dollar to
bacco and the market under control.
what will happen 10 them and to you
with hve-cent tobacco and a glutted
market? One-half OF the fairest part
Of Kentucky will suffer In property
loss. The tobacco industry Is the
chief money crop OF the State. All
other values are affected. II not con-
trolled By II. No single ciass OF people
can permanently prosper at the ex-
pense OF another.
Certain Frlits Of seIhshnsss-
I'VE must all rise or fall together.
Our enemies hope. and some. at least.
think that they will get fifteen cents
for their tobacco on the outside and
that IN some way the pod will be Do
clared on without their joining and
that they will continue 10 get the
pro1ts OF organization without con
tributing anything to it, success.
Some are buying land and creating
other forms of indebtedness with such
hopes and beliefs. The Trust agents
are going among the people and say
ing. Bring your tobacco TO my ware
house and get a fne price Mind you.
they DO not make a contract or give
a bond 10 that effect.
Possibly IN some counties they buy
the owner OF a particular crop because
Of his influence and the possible ad-
vantages 20 be gained by reason Of
having him on their side. However.
these promises Of the Trust agents
and their opinions a. TO the future OF
the market IL eloquent to the ear OF
greed and falls like strains Of Italian
music upon the selhsh heart
"Sore are cutting their tobacco
while II IN green in expectation OF
rushing TO the market ahead OF their
neighbors. They will fan for two
reasons. Primarily. no Trust agent or
Spectator will pay fifteen cents for
green tobacco or any other kind.
while hundred million pounds of the
best tobacco grown in the State 10
hanging In the balance. ready TO fall
upon the market In q single day.
Secondly. they will not attain their
wishes because this IL bad year for
favorites The bumper will be shown
some valuable lessons In the law o;
equation. This il the time when al
things will be made even. No matter
how hard he works or how fast he
drives. he will not get 10 the market
ahead OF the pocler. No airship has
yet been invented that will carry the
bumper and his crop 10 the market
ahead OF us this year.
Prepare re Meet Mortgages.
"The land owner who owes for his
farm or his automobile may prepare
TO sell bis stock or corn 10 meet his
mortgage. The physician. the lawyer
and the merchant had better collect
their bills The banker had better
look after his outstanding indebted
ness. Forty million dollars will not
cover the loss In these SIXTY counties.
Famine nor pestilence could produce
greater calamity Schools. homes.
prcfessions--every class OF business
and element Of society, innocent and
guilty. the high and the low. the big
and the little. will alike and Inevitable
suffer. The flower garden OF the State
will be anrare,ed IN desolation.
"A still greater loss will be the de-
struction OF your organization. The
Trust told Us Eve years ago that the
farmers didn't have sense enough 10
-. orQapf1ad MnQf