The Pickens sentinel. (Pickens, S.C.) 1911-2016, 1911-11-30

this plan he takes no NOR
chances than he did before. ant
has every opportunity OF maxi
mum price in a rising market
and saving the losses sustained
by damage and Y loss Of weigh
and warehousing charges.
Provision is made agains
any apparent violation OF the
Sherman antitrust law, in thai
each committee named by the
governor or commissioner Of
agriculture of each state has
power to name the day of sale ii
cotton reaches l2 or II cents,
which according to the testi-
mony gathered gives only a
close legitimate profit on the
cost of production.
"Of course everything de-
pends on the acceptance Of the
plan by the individual farmer in
connection with his pledge to re-
duce acreage the coming year.
The individual farmer alone can
make success possible.
The undertaking is fathered
by a number Of bankers OF
whom Col. R. NJ. Thompson is
the head. The committeeman
here have been offered assur-
ances from some Of the strongest
banks in the city of a thorough
backing of these already strong
interests.
These gentlemen here, as
well as President Barrett of the
National Farmers union, con-
slider the plan acceptable to the
growers, and and they are tonight
1ning to their respective
States 10 present !i: to their peo-
pie, and if it be agreeable to the
producers to put it into immedi-
ate operation,
Senator Bailey has been ad-
vising as to the legal aspect of
the oposition. y
E, J. Watson, president Of the
Southern Cotton congress, COM
menting on the plan tonight,
said:
eve have carefully consider
ed the whole thing in all its
phases. I can't say what the
growers are going to do. The
financial end is strong. Itholds
out prospects of fine results and
estops any efforts at a corner Of
the market. 1t seems to insure
an honest price for cotton and
to safeguard the commodity
which is the very keystone of
American finance. Some one
besides the farmer may make
some money out of it, but as
that is done the farmer is being
assured several dollars a bale
more than he would get under
the present iniquitious market
ing methods. We are therefore
willing to submit and recon-
mend the proposition to our
people, and, if they wish to ac-
cept it, then help them to make
il effective as we can.
There is no doubt that the
holding andreduction of acreage
pledge, t :e movement,we have
been pushing so successfully,
has checked the downward ten
dency of prices under the per
sistent hammering up to this
time. So far we haye fought
the battle unaided; now that
money to the extent of $4,000
900 is offered we may fight
harder and in the end we hope
to put a check to methods OF
marketing of a nationally i'm.
portant commodity which the
federal government ought to
have wiped out long ago.
WHAT OTHERS THINK OF THE PLAN.
MayesvilIe, Nov. 22.-E. W.
Dabbs, president of the South
Carolina Farmers union, is
rather doubtful how the farmers
of the State will receive the
plan of the New York syndicate
to lend s25 a bale upon the cot.
ton crop of South Carolina. Its
success will depend, he said
upon whether the planters en-
brace the offer of the syndicate
He also said that he could not
see any noticeable effect of the
syndicates scheme, as hf
thought the main desideratum
to be obtained by the plan, il
his estimation, had already beer
obtained through action by tht