The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1911-09-12
TO CRUSH COTTON FARMER
There Is q World Wide Combine
to Do This
SO Declares q Promincnt ATLANTA
Lawyer and Student Of Economics
and Gives the Reasons for -
Thinking and Offers u Remedy.
(Atlanta Constitution.D

(Atlanta ConstitutionD
Charles j. Haden. of Atlanta, PROM
inent lawyer and student OF
les, who has just returned fIom a
visit 10 the spinning districts Of Eng
land. believes an almost Worldwide
plot Is underway Id depress the price
OF cotton during the opening season
Discussing its dimensions. its effects
and the remedy, r. Hayden expressed
himself yesterday as follows 70 a
constitution reporter:
"A tacit combine almost world Vide
proposes to bear this years Gotten
crop. 1t is a sympathetic strike. Tho
English SpinnerS are closely organ
lied and betWeen them and Continent
al spinnerS there is a fraternsl COM
muntty of interest. New Englands
policy is, OF course. always to Cypress
the raw staple. The preponderance
of Eastern financial influence is with
the buyers. These things 90 not re-
pure proof, for they are facts paent
to those who observe.
The cotton gambler is a friend on
~ to himself. He has been for some
years on the bull side because il was
the winning side. The governments
recent prophecy of a large crop. o u
pld with some indictments of the big
spectators. will no doubt have a per
suasiVe effect in lining up the gam
bier with the bears in the coming
campaign.
Look Truth in the Face.
cit is well for the South to look the
truth in the face and to act wfeh speed
and courage. A decline of two cents
a pound would lose to Georgia SEQ
600. 600 and to the South nearly $50
600, 600. Everybody fro mthe banker
to the bootblack would feel the sting
of it, and it is the duty of everybody
from the banker to tine bootblacik 10
volunteer in the defense Of cottotn.
L-+o H.
made by the cotton owe in the
past ten years they are still placed in
an attitude humiliatinS- The export
er is still compelled to submit to 4
trade custom by which he sells cotton
on 60 days credit and discounts his
! draft. The foreign buyer still assumes
to dictate tn terms requiring the bill
fading be insured against forgery, or
vizied by a clearing house. This Is
| required of no other American com
modify. The foreigner proceeds OPP
enfy upon ne presumption Of COM
mrcial bad faith in the South Cot
ton which brings across the seas near
~ one-third of all the foreign none
paid to America, which preserves the
alance of trade in favor Of America.
which once every year prevents an
American panic, is openly discredited
suspicion.
United Resistance.
In time a more mighty developed
system Will enable the
to command aid
from the world. But at his crisis the
| most eff ective relief will be united re-
~sistance of farmers, bankers, mer-
chants and other business men oil the
whole South pledged to protect AS
, crop against slaughter. This Will do
it. Any threat of shutting down the
Lancashire mills is bluff. 1t would
produce a riot in Manchester within
a week that would endanger the gov
ernment's ministry.
The South has learned a lesson OF
| heroism. It once resisted overwhelm-
| ing odds four years upon nothing but
nerve and courage. 1T then azure
a decade lin the valley of the shad-
ow'' Of starvation. Now on the tidal
wave of prosperity shall it be said
that the spirit of heroism and pride
of lineage has passed from US"
president Barrett's great pubic
gatherings are on the right line: there
Should be one in every county OF the
South to be held by the 18th of Sep
TENDER. on a given date. and in these
every patriot should take part Wne
the nesw of it losses the sea the
world will awake to the fact that no
taking of Richmond by Grant vas
something easy compared to the seiz-
ure Of this cotton crop without ahe-
cuate consideration first had and OBJ
aimed.
Naval Stores.
Savannah. Ga, Sept.