The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1910-05-25
PLEADS THEIR CAUSE
MR. LEWIS VI. PARKER STANDS
UP FOR THE FARMERS.

He Urges Mill Men to Aid in Secur.
ing to Cotton Planters Higher
Prices for their Staple.
The American Cotton Manufactur-
ers' Association. representing sixty
per cent. Of all American spindies.
has been asked and urged to join the
Boosters Club. The appeal was
made by Lewis W. Parker. the presi-
dent OF the Association. in speech
at Charlotte on Tuesday. 1t was a
.edhot and eventful speech. Mr.. Par
ker went TO the meeting with pTiT.;-
ed speech. hut he was so impressed
with the Importance Of this appeal
that he left the text and made his
real speech impromptu. II was a
ringing appeal to the manufacturers
to iJin the boosters and help the pro.
ducer secure high and good prices
for raw cotton and q logical and
sharp arraiSnment Of the outrageous
rules Of the New York Cotton Ex-
change
Mr.. Parker. himself at the head OF
mills operating over one-third OF a
million spindles and close student,
insisted that the cotton manufactur-
ers should quit backing up the spec
ulator by decrying the value of raw
cotton. The very want Of confidence
IN high cotton on the part Of the man
u.acturers. he urged. bclstered the
spectators and helped the bears"
force down the market that was new
er supplied with real cotton. II the
same effort has been used in con-
vincing the world that there was .
shortage OF cotton as was used in
| decrying the price. the market would
have been maintained and goods
| would have kept on a parity with
cotton
He. therefore, begged the manu-
facturers TO profit by possible mis-
takes and join hands with those un-
dertaking to get fair price for cot
ton and appreciate chan:ed condi-
tons. The farmer is entitled TO :air
and honest return and he begged the
representatives Of the cotton mills
to see that they got it The world
is going to be bare OF cotton mex,
September. and next years crop will
hardly supply needs with reasonable
reserve. and there is no use TO e1.
pect low price cotton. and then Mr
Parker frankly showed that his per.
sonal experience was that his mills
made more money with high priced
cotton than with LOW and declining
cotton
| Mr. Parker knows what he is talk
ing about and his intelligent audience
was amazed at the array OF facts anc
figures he gave in an of hand way
Mr.. Parker said that the Government
was to blame for much Of the mis-
understanding about the crop. i
sent out a report about the ravage:
Of the boil weevil being exaggerated
and all sorts OF stuff. He rappet
the Government officials for saying
that the normal price OF cottol
should be from S to 10 cents. Whe!
the boil weevil fake was sent out
cotton tumbled IL cents and the
cloth market went to pieces. Taen
early in January. the Government
sen: out crop estimate and the gam
blers. by their manipulation forced
cotton dawn IA cen,s on the EX
change.
Mr.. Parker talks freely and gen
orally in conversational tone. bu
when he landed on the methods O
the New York Exchange he rose o.
his tip-toes and grew eloquent. Dir
Parker made it plain that he appre
ciated the honest men IL the Ex
change. and that he knew there were
honest men in the Exchange, bu
he denounced the methods and wen,
into minute details. The chief trou
Bile he pointed out. was that the rule:
are framed for tte protection oi
speculative sellers and not for the
legitimate buyer. The rules are FOL
gambling and not fair trade. and he
insisted that all he wanted was {
fair. square deal for all and rules
that were fair and honest, both tc
buyer and seller.
Mr.. Parker carried conviction with
his statements. because he knew tae
rules and then he related personal
experience. He. with other ieS!ti'
mate buyers. was in New York. early
this month to get cotton. On May 2
Mt. Parker bought Ave thousand
bales OF cotton in New York. /,
was not speculative cotton. for MI
Parker wanted the accual cotton 70!
the summer.
Then Mr.. Parker related how the
New York folks squirmed and twist
ed to keep him and other buyers
from demanding the real cotton. One
OF the party from Georgia wanted to
! morrow money on the actual cot
ton. He did not get it and was told
he had better not mix up with Brown
| and Scales and a lot Of bulls" The
mill man told him that he would get
| the money at home. and he did so.
but he was offered the money IL be
would leave the cotton in New York
Mr.. Parker did not want nor need
money They told him the brokers
had been refused insurance on the
cotton he had bought and how he had
10 get insurance il his own way and
then how the effort was made to dis