The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1910-10-25
FOREIGN SPINNFRS SI,,
By DIRECT IN IHE CO..
ION BiiI.
Charles j.. Hade Discusses Bul ,
Laoing Guarantee Controversy ana
tAttanta lonsDtlTnr ''''''

&OiitEEBA tI~N sr,
advances Suggestion for Rem,
tAtlantd lo"uSutuuou.l
Ihe present agitation between <m.
rlcan ana BRUSH interests oya~ .-.
Inetho0 q cotton shipments Viii r~..
ably result III a more raul-al ....
imam the Brush contemplate. nr $780,
sire.
me American growers are j a~r.~-
something 10 their ADVANTAGE II
pel.eVeo by those VINO nave s+u...4
the question thai the ola system ms
outllVeu its usefulness anu - need
IeSSly burOenSOme on The Iarmer
Charles j. Haden. OF Atlanta. hae
given the subject much study rn~
years. At the l~nVltaeon OF the Ama-
rican Bankers Association, ne c.E4,.-
cred a speech on that subject IN Igat
In 1901, he spent several Weeks I'M
Manchester, England, ~tamiIarzIu,
himself with conditions on the other
side, and while There saw ana was en-.
tertained by Sir Edward II. HoIa.n.
n was recently IN New York at the
mead OF the British Bankers Conn
nlttee, ID conference with American
on the subject OF guaf4r. ..-
Ing bills OF lading.
vi the subject generally Mr.. IIat.n
SAID yesterday:
1t vas my good fortune while in
1<iiS S+AA> W ~ iIt SutEl I'll 81 fG-
Ward holden at a uiner IL tna caFp
or the house OF He was
then q member OF that body ana per.
hapS still retains his seat. HIS bank
IS the third largest IN the world. and
probably names more American nm
ports into Great Britain than any
other institution. lie IS u spIt-m4Qe
man, reared among the Lancashire
mills. His interest in his
a 70 + =, El " yyir6 SlN v,a ,,t
the spinner. lie recognizes the grow
ing power of the organized growers.
and The approaching DAY Whcn they
VIII dictate the terms.
No Valid Argument,
There is no tendule argument
against g system, which Would re-
quIre the spinnerS' purchase agent
to locate during the cotton season III
the local market town of the cotton
belt, and buy directly from the local
cotton warehouses. Then the spin
ners, themselves. get the benefits of
uying FROM first hands and knowing
VIA they buy, and at the same time
assume the risks OF transportation. II
IS safe TO that the waste Of
Sampllng, careless handling, commis-
sons, profits II tolls under various
James with which cotton is taxed
in transt from farmer to spinner. is
O1iS >iit q osAtN 49, HN 49, 49,
prices is more han Z per cent, If
even the half of this could be saved
1t would equal the I'M based on last
years exports, nearly $20,000.04o.
While under the Old system the
farmer IS paid cash, yet, IN actual
operation, the cotton is bought 10y the
foreigner on time. The price Of credit
Indirectly, but surely, fails on the pro-
Queer. 1t is abnormal. Cotton IS
nearly as marketable as gold bullion
1t is the best collateral on the Garth
Why put it on parity with mcICht4~
disc with lower financial rank
Prior to Is years ago, the lumber
manufactures OF the South shipped
their produce to Northern markets.
based on delivered prices. They were
at the mercy Of the buyer in the mat
ter of inspection. II the buyers re-
jected 1000 feet, the loss to the sup
per was equivalent to 1000 teet, pc
cause the shipper lost the freight ana
the freight WA. as much or more thah
the lumber. Finally, the mill men got
t~ogether; they demanded mill ln@peg-
ton and payment and their den1ahoS
were successful. Added prosperity
came with the change. When h"o
interest in saw mill stock Is years
ago., the Northern buyer would A'F"
regarded it presumptuouS to hart re-
uuired him TO come to the Mill ana
inspect and pay; now he is plea9s"
with the privilege of doing so. II uh'
cotton people Will stand toeGtlEl. q"
like will come about in the