The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1911-11-29
that LOAN PLAN
President Of Stale Farmers UoieD Dess
Not Think Ii Necessary
WISH It Will BE GOOD

Saws He Hopes That 1t Viii be Help,
But He Believes That Its Object
Has Already Been Achieved, But
1t All Depends on the Farm
ers.
E. ". 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 SO
bale upon the cotton crop OF Sou1n
Carolina. Its success will depend, he
said, upon whether the planters en-
brace the offer OF the syndicate. lie
also said that he could not see any
noticeable effect of the syndicates S
scheme. as he thought the main de-
sideratum to be obtained by the plan,
in his estimation. had already been
obtained through action by the Farm
ers Union.
Nevertheless, if the plan seems
good to him when he has had time
20 examine it's details, he will lend it
his heartiest support. He hopes. he
said. that it will prove successful IN
helping the farmers to secure fair
price for their cotton.
"While + do not wish to throw
cold water on the New York syncl-
Gates plan of advancing SIS per bale
on the south's cotton crop" said MI
Dabbs Tuesday night, Il do think
that, the promoters have overlooked
two points. One of these, as point
ed out to C. S. Barrett, president OF
the National Farmers Union, is the
question whether the farmers Will
embrace the offer Of the Northern
syndicate. :. suggested to him that
instead Of one trustee, rs proposed
in the original DIan, there should De
three for each State, and that one
member from each State should con-
stitute the central board of control.
Mt. Barrett seemed TO think that the
more important point was tc secure
the confidence of the financial men,
while maintained that the farmer $
trust should first be gained. TO
this end made my suggestion as to
the appointment of three trustees.
THAT second point that the promo
tcrs seem to have overlooked is the
effect that will be produced by the
action of the business agents OF the
Farmers Union. which urged that
the farmers refrain from buying fer-
rilizer at high prices. Will make Tor
a substantial reduction in acreage
even without the trustee movement.
81 had thought that the effect OF
tvins up 2.O0O.ooo bales Of cotton
in the hands of trustees would be
very strong tendency on the part OF
-he farmers 10 rednce their acreage
next wear. The knowledge that there
we're 100000 bales Of cotton tnat
might be carried over until the neSl
crop was put on the market,
thought, would lead the planters 70
see the futility of excessive produc'
ton.
, This purpose. however, I think
has been subserved by the present
conditions. With cotton selling al
nine cents and below. ana with Ter.
ri,izers high, think the FARMERS vii
take the advice given by the bushes:
agents of the Farmers Union in thell
, meeting at Columbia. Condition:
are such now that farmers, by reouc
; ing their acreage and cutting oo"1
their purchases Of fertilizers. Will s'
curtail production that another eH
cessive crop is unlikely. This then
!, disposed of one object Of holilng IN
cotton by the trustee system. I'M
. condition seems to prevail where'e
!! have been of late.
Now as TO the success OF IN
;. ;, plan. 1t depends, as intimateo De De
! rcre, on whether the farmers VII
embrace the offer OF the tnanclesS
so far. can see no no,a9ie e'
: 'rect, The action OF the Farmers u
( inn business agents and the actlo
we took at Sumter YESTERDAY vi
y nrayent the sacrifice OF cottaH TO Nu'
.hase fertilizer The matter OF re
:. 6rcyicn OF acreage VII! ne accoi!
> -. -,nons Nj hOut In