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

WINCHESTER, Ky. (speciaD In
an eloquent address to tobacco grow
ers here, Hon. Ward Headley made
strikingly plain the disastrous conse-
auences which would follow failure to
pool the 1910 crop. lie said in part;
THE success OF the pool means az
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. N we do not sell the
pooled tobacco. what will become OF
the market when our hundred million
pounds is put In competition with the
new crop? The Trust will immedl-
ately cry over.production and surplus
and will buy at their own price and In
their own good time. This means a
direct loss Of Sl5.00OO00
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 81 900 at 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 TO carry
their customers with ffteen-dollar to
what will happen 10 them and 10 you
with hVe-cent tobacco and a glutted
MARKET Ous-half OF the fairest part
Of Kentucky will suffer IN property
loss. The tobacco industry 10 the
chief money crop OF the State. All
other values are affected. II not con-
trolled By II. No single class OF people
can permanently prosper at the e1-
penss OF another.
Certain Fruits Of selhshnsss.
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 pooh will be do
clared on without their Joining and
that they will continue TO get the
profits of organization without con
tributing anything to itz 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 10 my ware
house and get fine price Mind you.
| they do not make a contract or give
. bond 10 that effect.
Possibly In some counties they buy
the owner Of q particular crop because
OF his influence and the possible ad'
vantagss 10 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
greed and falls like strains OF italian
music upon the selfish heart.
Some are cutting their tobacco
while II Il green in expectation OF
rushing 10 the market ahead OF thsir
neighbors. They will fan for two
reasons. Primarily. no Trust agent OF
Spectator will pay fifteen cents fol
green tobacco or any other kind
while a hundred million pounds OF the
best tobacco grown in the State Il
hanging In the balance ready 10 fall
upon the market In a single day.
Secondly. they will not attain theii
wishes because this is bad year FOL
favorites. The bumper will be shovr
some valuable lessons In the law Of
equation. This is the time when a!
things will be made even. No mattel
how hard he works or how fast hi
drives. he will not get 10 the market
ahead OF the pooler. No airship has
yet been invented that will carry the
bumper and his crop 10 the marke
ahead OF us this year.
Prepare re Meet Mortgage.
"The land owner who owes for biz
farm or his automobile may prepar'
20 sell bis stock or corn TO meet hi
mortgage. The physician. the lawyel
and the merchant had better coilec
their bills. The banker had bette
look after his outstanding indebted
ness. Forty million dollars will no
cover the loss IN these SIXTY counties
Famine nor pestilence could produc'
greater calamity schools, homes
professions class OF business
and element OF society innocent AM
guilty. the high and the low, the biI
and the little. will alike and inevitabl'
suffer. The dover garden OF the Stat
will be anrare!cd IN Oscillation
"a still greater loss will be the de
struction OF your organization. Tn
Trust told ~ Eve years ago that N
farmers didn't have sense enough 4