The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1911-10-04
COTTON FARMERS WANT BETTER PRICES
Meeting In Columbia of Farmers, Merchants and Bank
ers Largely Attended and United Effort Recon-.
mended to Hold Cotton.

| with Mr.. Barrett on the long distance
| telephone.
Banks Are Friendly.
That the banks of the State are
| friendly to the farmers was brought
out by expressions from we'll known
bankers at the congress. Every
banker present promised to cooperate
in substantial manner to assist the
farmers of the State in their fight for
a higher price for cotton. The ex-
pressions by the bankers followed a
general discussion.
| II. b. Stackhouse of Columbia dis
cussed the situation thoroughly and
( brought out some new light. His
! statements showed that there are
many farmers who do not care to
hold their cotton, which will make
the fight harder to win on the part
| of all the farmers. He told of a trip
| North and West several days ago and
of securing money from Boston and
Western banks to be used in financ-
ing the cotton crop. He said that he
represented the Standard Warehouse
company and that his company was to
store cotton and lend as much as 8
cents per pound on all cotton stored
Results Already.
Mr.. Stackhouse said that his COM
pany owned two warehouses in the
city Of Greenwood. He said that he
had advertised several days ago that
the company was prepared to make
Ioans on all cotton stored. AS a re-
suit of this proposition, he said. 1900
bales had been stored at Green
wood whereas only 100 bales had been
stored at this time last year. He said
that this State needed some new
| n N fha tl,t
| the farmers must cooperate in the
movement to secure the desired re-
suits. He declared that his company
was in a position to store cotton
| cheaper than to keep the staple at
home.
The convention adopted a resolution
| urging all bankers to extend liberal
loans and for the farmers to take ad-
vantage of these loans to hold their
cotton. TIE resolution also urged that
the farmers reduce their cotton acre
age for 1912 and that warehouses be
erected in all counties in the State.
The resolution was proposed by r. p.
Belser of Sumter, and was favorably
reported by the committee on reso-
lutions.
resolution was adopted to urge
the farmers of South Carolina to stop
selling their cotton and place The
crops in the warehouses. The farm
ers union warehouses, that are to be
erected, was indorsed. The resolution
called attention to the drop in cotton
of from 15 cents to 10 cents in As
days. This resolution was proposed
by r. M. Mixson.
The following resolutions with ref
erence to the New York cotton ex-
change was adopted:
In congress use their every effort to
regulate dealing in cotton by the ex-
changes SO that real cotton will be
the basis of all contracts and actual
deliveries be had" This was the reso-
luton adopted by the cotton confer
ence of the South at Montgomery
The adoption of this resolution caused
spirited fight on the floor which was
participated in by several of the dele
gates. The resolution supplanted a
, previous resolution to ask congress to
abolish. the New York exchange.
10. w. Dabbs, president of the State
Farmers union, read letter from G..
, e. Hightower, stating that the Farm
, ers' Warehouse company of Charles
! ton was prepared to advance as much
, as $40 on some short staple cotton.
The warehouse company was organic
The following resolution, offered by
70. w. Dabbs, was adopted by the con-
vention:
, For Uniform Laws.
l Whereas, at the recent cotton con-
, gress at Montgomery, Ala, that body
: declared itself in favor of the enact
ment of uniform laws by the cotton
growing States, providing for the
gathering of accurate statistics and
, facts and estimates from time to time
: uring the cotton season sowing. or
tending to show, accurately the pro-
: duction of cotton in the cotton grow
ing States, and
> Whereas, that body appointed a
= committee on Legislature to prepare a
; suitable bill to accomplish this pur-
= pose, and to submit it to the respec-
tive legislatures of the cotton grow
ing States for enactment into law.
Such law providing further that the
= information be interchangeable be-
: tween the several States, and be given
to the public simultaneously, there
fore be it
Resolved, That this convention
5 urges the general assembly of South
7 Carolina to enact such a uniform law
, which shall be similar in it's work
l ing effect to the law now in force in
regard to the gathering of tobacco
= statistics, enabling the State depart
ment of agriculture to give exact and
: specific information as to the cotton
crop the first of every month.
; Resolved, further, That this con-
: vention will recommend the prepara-
, tion of uniform law which will pro-
vide for the filing of weekly reports
) with the commissioner of agriculture
by ginnerS, by cotton buyers, by ware
houses and by spinners of stock on