The Green Forest tribune., 1911-12-08
NEW HOLDING PLAN
Governor Explains and Urges That
 Plan Be Adopted.

Western Newspaper Union News Service.
 Governor Donaghey has agreed to use his influence to forward the movement for the holding of cotton and the reduction of the acreage next year, as started by the Farmers Union. The campaign, which has just been inaugurated, includes new fea- ture. An effort is being made to in- duce men who are able to do so, to buy cotton that is now offered for sale and hold it until the price reaches the level fixed by the Farmers Union. The governor indosed this new idea by pledging himself to buy 50 bales of cotton at once and hold it until the price reaches the point agreed upon.
 Bank pledges are being sent out from the office of the Farmers Union at Rogers, Ark, to every subordinate organization in the South and to prominent men not connected with the Farmers Union. The signers pledge themselves first, to hold their ton, and third, to reduce their acreage in 1912.
 The governor will send out letters to county officials and commercial or ganiZations throughout the state urg- ing that they support this movement. He expects to inaugurate an active campaign in support of the plan.
 q would like to see the entire South, together with the different Chambers of Comerce, Boards of Trade, Cotton Exchanges, etc, put forth concerted action in support of this buying movement. If this is to be effective, it must be done at cnce. so the bankers, merchants and all leading spirits in the different busi- ness communities, should fall into line at once.
 Every farmer and planter In the South, whether cotton purchaser or not, who can command the price of bale or more of cotton, should step into the breach at once. The buying of this cotton is of vital interest to all who will be disastrously affected if the crop goes out of the country at the ridicHlously low prices that it now sells for.
 T believe further that this move ment should be of special interest to all state and county officials, who have the material development of the state and South at heart. and all | should give such due attention at once. I heartily endorse the move. ment and offer my full support to it's 1 speedy success. l shall support it in 1 every legitimate way, and as an evi- dence of my faith in the proposition, l shall pledge to buy at once 50 bales of cotton and hold until I can get a ! price sufficiently remunerative to al low the cotton-holding public as well as the cotton producer, a fair compen- sation for their labor"
 Speaking of the new movement Governor Donaghey said:
 There is every indication that the | cotton-holding movement. inaugurated by the Farmers Union and nearly all of the other business interests of the | South, will prove a success. The small producer seems to have grown tired of selling his cotton merely for the cost of production, and thousands have grown tired of selling this cot ton merely for the cost of production. and thousands have determined not to sell at all until profitable price can be obtained.
 "The Farmers Educational and Co., operative Union of America has lately started campaign to get the smaller moneyed farmers, bankers, mer- | chants, etc, to buy more cotton for the purpose of holding for higher prices, and at the same time is at tempting to induce each farmer to plant 25 per cent less acreage in cot ton than they did last year
 These two propositions should re- ceive the immediate support of all classes of people in the South. I be- lieve that there will be continued holding of cotton to the full ability of the grower in most cases, and as I fell assured that the question of reduction of acreage will be looked after, 1 desire, as one of the thous- ands of citizens of the state, to call especial attention to the buying of all cotton that is still in sight, or all of the cotton that the stress of cir cumstances forces to be sold at once"