The times and democrat. [volume] (Orangeburg, S.C.) 1881-current, 1911-11-02
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Hsla Cotton and Reduce Acreage Plan
fn Relief Of Southern Farmers
GIVES URGENT ADVICE

Keep UrLsold Portion Of Present Crop
or Market, Plant 25 Per Cent Less
Next Year, Urgent Advice to Cot
ton Producers from New Orleans
Conference.
The farmers Of the South must
withhold from the market every re-
naming bale Of the pre4sent seasons
crop Of cotton and; follow this with
a concerted and binding agreement
to reduce next seasons cotton acre
age at least ,25 per cent, II they nope
to restore the South's great money
staple to a. normal price level and
retrieve the losses sustained by rea-
son of present low prices.
This is the plan which the Confer.
ence of Southern Governors adopted
at its concluding session. Tuesday at
New Orleans to secure immediate re-
lief from the depression in, the price
OF the staple. The proposal OF for
eign banking interests to finance
holding movement covering 2,0OO;-
600 bales of the present crop was
referred to special committee for fu-
ture ACTION.
AS a means of securing permanent
relief from such conditions, and to
guarantee the cotton farmer in the
future against the necessity OF glut-
ting the market with his supplies IL
the opening of the season, the Con-
ference adopted resolutions favoring
the establishment, in every cotton
growing State, of State controlled
ware houses sand the collection and
periodical publication of statistics
bearing upon the worlds demand for
and consumption of American cot
ton. The recommendation are IS fol-
lows:
1--WE earnestly recommend to tn;
planters of the Southern States to
follow the example Of Louisiana and
so diversity their crops as to produce
everything necessary for consumption
on the farm and let cotton be the
surplus crop, even If the quantity
raised shall be twenty-five per cent
less than the, present crop. as then
they will get just as much in return
for much less labor than this year
crop will yield at present prices:
They will soon free themselves from
debt and be in condition without f.
nancial aid to sell gradually as the
demand shall exist and not market
the work OF year in so or go days
as they have been accustomed to do
ing.
1--WE call upon our Representatives
in Congress to have the present crop
reporting system SO, amended. as to
require the periodical publication
of reliable statistics of cotton con-
sumption and trade Information,
gathered from all cotton consuming
countries, and we recommend, also,
and, for ourselves, agree that the
commissioners of agriculture in the
cotton States gather and publish like
information of the cotton States to
adopt to this end, any uniform leg
islation enabling the agricultural
commissioners to act in concert and
to constitute bureau Of cotton
manufactured, cotton trade, and cot
ton consuming information, to the
end that, with the estimates OF pro-
duction which are now furnished by
the Federal Government, there may
also be estimates Of demand and
thus put the plaster in position to
fix a fair price for his products.
"The members of the conference
have been reliably informed that
bulls on the cotton exchanges have
been indicted in the United States
Courts under the Sherman Act for
conspiring to buy cotton and advance
the price, and if this be in accord
ance with the provisions of this Act,
then we respectfully insist that the
bears in the exchanges who consplre
to sell cotton, which they DO not pos
sess, with the expectation of a de-
cline in price, or for the purpose of
affecting a decline, be likewise pros
ecuted.
"A fair and comprehensive system
of future trading Is accepted by the
commercial world as essential to the
proper and advantageous movement
and distribution Of the crop, but 1t
is urgently recommended that Con-
gress shall pass such laws as will
abate abuses and regulate future con-
tract trading in exchanges, to the
end that it discharge it's functions as
a trade utility, fair alike to both
buyer and seller, and to the COM
modify which is the subject OF the
future transactions.
at is earnestly recommended that
the several State Governments shall
take appropriate action to bring
about such warehousing system, as
will best serve the interests of the
producer of cotton.
I'm view of the apparent demand
for cotton during the next thirteen
months, we recommend that the un-
sold cotton of the present crop be
Withdrawn from the market and dis
posed of by system of gradual mar
,4:- N.Y. uroa hankerS and hnSi-