The times and democrat. [volume] (Orangeburg, S.C.) 1881-current, 1911-08-17
ADVICE TO THE FARMER
MARKETING COTTON SLOWLY
MEANS MUCH TO THEM.
The Pressure Downward in the Mar
ket by the Buyers the Coming
Season Will be Desperate.

Mr.. C. J. Hadden, writing to the
Atlanta Constitution from Liverpool
England, says:
If a campaign of agitation be Wig.
orously pressed throughout the
South for demanding good prices for
cotton, it would be worth not less
than fifty million dollars to the cot
ton growers during the season 1911.
-.
"The newspaper reports and the
feeling here indicate large crop. II
is thing devoutly prayed for by the
European spinners. The pressure
downward in the market by the buy.
ers during the coming season will be
desperate.
'"The English spinners have uni.
formedly lost money for three OF
more years, excepting where, by rea.
son Of peculiarly favorable condi.
tions, a manufacturer has been able
to hold his own. A sentiment flaw.
ored with British national patriotism
may make the coming struggle a
Waterloo. The manufacturers are
organized.
'It is notoriously true that Liver.
pool liverpool in cotton means
England) lost its dominant place in
the control of cotton prices ten years
ago. New Orleans is now the control
ling factor. New York is little more
than gambling shop. The change
came about when organizations of
southern farmers began to teach
them that cotton selling was trans
action with two sides to it-that the
seller might demand as well as the
buyer might offer. The growth of
this knowledge has done more to
regulate prices of the past decade
than has the varying volumes of the
crops.
"If fifty per cent of the Southern
cotton producers would resolve as
solemnly as the "Three Swiss" that
they would not part with their sta
pie for less than Is cents pound and
stick to it till the 1st of January,
voiced by hundred great mass
meetings. am confident cotton would
go to seventeen cents.
"This requires widespread pa
triotic thrill, such as swept over the
south, when in 1851 the old men
put their savings into confederate
bonds and the young men took up the
hardships of common soldiers. Such
campaign would be worth more to
us of the South than would have a
dozen victories at Gettysburg. We
are people Of sentiment and there
has never been a time in our history
when that fine quality Of our coun-
try could have been appealed to with
a greater certainty of results.
ga leading British statistical paper,
in a recent number reviewing the
cotton market, said:
"At the present time the cotton
trade is passing through a period of
tra1 all. 1t is experiencing almost
to the full the effects of shortness in
raw material"
"In a conversation last week with
one of the foremost bankers Of Lon
don (the representative of the Asso-
ciated European Bankers, wno at one
time insisted upon the insurance OF
cotton bills Of lading) he frankly ad-
mitted that the European bankers
backed down from their demands for
the avowed reason that majority or
them feared such step would lose
American business.
eff the cotton producers could
know their strength-could see face
to face the vantage ground on which
they are camped-a triumph is
theirs-a triumph which means mil
lions now and eventually a power
and prestige not hither enjoyed by
any spot cotton"