The Birmingham age-herald., 1911-11-22
IMMENSE SUM RAISED TO AID
 SOU lhERN COTTON GROWERS
CONTINUED FROM PAGE ID

expenses of grading and handling let ting him turn over the cotton to the holders who will advance him $25 per bale and give him the opportunity to designate the date of the sale prior to January l, 1913, and to participate in any advance in price to the extent of three -fourths of the rise in the market
 "1t is calculated by the present ordi- nary holding prices the farmer takes all the chances of the rise in the mar ket By this plan he takes no more chance that he did before and has every opportunity of maximum partici- patton in a rise in the market, mean time paying the debts he has to pay and saving the losses sustained by country damage and by loss of weight and warehousing charges.
 Provision is made against any ap- parent violation of the Sherman anti trust law in that each committee named by the governor or commissioner of agriculture of each state, has the power to name the day of sale if cotton reaches 12 or 13 cents, which, accord ing to the testimony gathered, gives only close legitimate profit on the cost of production.
 of course, everything depends on the acceptance of the plan by the in dividual farmer in connection with his pledge to reduce acreage the coming year. The individual farmer alone can make success possible.
 Thompson Heads Bankers
 'The undertaking is fathered by num- Der of bankers, of which Col. Robert M. Thompson is the head, he being a widely known bull and of the firm of s. H. P. Pell & Co.,, bankers and cotton men, and all necessary machinery for caring for the cotton has been provided. The com mitteemen here have been assured by a number of the strongest banks in New York of thorough backing of these al- ready strong interests.
 These gentlemen here, as well as Pres ident Barrett of the National Farmers union, consider the plan acceptable to the growers, and they are tonight re- turning to their respective states to pre- sent it to their people, and if 1t be agree able to the producers, to put it into inn mediate operation. Senator Bailey of Texas, who is here, has been advising as to the legal aspects of the proposi- ton D
 President Watson of the Southern Cot ton congress, commenting on the plan tonight said:
 We have carefully considered the whole thing in all it's phases. I can't say what the growers are going to do. The finan- cfai end is strong. It holds out pros poets of fine results and estops any ef- fort at the corner of the market. Ii seems to insure an honest price for cot ton and to safeguard the commodity which is the very keystone of American finance Someone besides the farmer may make some money out of it, but as that is done he farmer is being assured several dol. lars bale more than he would get un. der the present inidui' ous nlarketina methods. We are, therefore, willing tc submit and recommend the proposition tc our people and if they wish to accept it then help them to make it effective as we can There is no doubt that the holding oi cotton and reduction of acreage pledge the movement we have been pushing SC successfully. has checked the downward tendency of prices under the persisten hammering up to this time. So far ", have fought the battle unaided; nov tat money to the extent of SJ0000.O00 i: offered. we may fight harder and in tn, eno we hope to put check to method {, of marketing of a nationally inportan commodity which the federal governmen ought to have wiped out long ago."