The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1912-01-02
CAPT. kOLB MAKES
SPIRITED REPLY
To the Talk of Captain Staten
About the Thompson Plan
of Holding Cotton
KOLB USES SOME
PLAIN LANGUAGE

no,;.S Statcp.s Accusation That Bar
rett Endorses Plan-Mr. Staten
said That Captain Thompson hates
the Cotton Exchange as Mnch as
the Southern Iarmer-He mas
Made His Money On Cotton, De-
sired to Help the armer n III
Re,urn for His Kindness Gets Abuse
From, Southern Newspapers.
New Orleans. Dec. 2l.-Newspapers
of the South which have critlclzeu
COL Robert NJ. Thompson, the New
yorh cotton speculator, and his plan
for financing the surplus portion OF
the South's cotton crop. were pltterly
arraigncd tonight by Wiillam III.
staten. the personal representative VI
Colonel Thompson in formulating TINS
nlan. in a talk before an informal
gathering of representatives OF Tue
cotton farming industry IN tne dS-
sc1nbly room OF the GruneWaid f1otei.
Following Mr.. Staten's a~rralgnWeht
Of Colonel Thompson's critics ana ms
defense OF the proposed financing
4 a lNNLItt
tween him and Capt. +. F. kolb, ON
missioner Of Agriculture OF
Captain kolb employed very plain
Language in dcnouncing statements q
Mr. staten and the meeting was
abruptly adJOurncd.
Captain koib announced thar ne
had not only Withdrawn his accept
ancc OF Il truStecship in the proposed
nr@anization to carry INTO eftect Col
oncl ThompSon's plan, hut had al
vised the cotton planters OF Alabama
and Of the South agalnst partlcipauhS
IN the pan.
Flan Not Acceptable.
This plan Will not De ~acceptaDle 70
the armers of the south declared
Ga ptaiu kOlb. When | accepted the
II u-tttSn4p did not know the details
of the plan. and since learning them
ana Observing that the plan is caicu-
lated to do injury 70 the cOttoN
uiuut4r. nave undertaken to advise
the farmers Of Alabama against IL.
Captain kolh denied Mi. Staten:
assertion that the plan meets with TN
endorsement OF Charlie 5. Barrett
president Of the National Farmers
Union, and added hat he had MI
Earrctt's statement Of opposition q
il III writing.
In hla uuuress Mr.. Staten declare
That Colonel Thompson proposed nj
plan for financing a portion Of tn
cotton crop at the earnest SOlicitatlO
IF southern gentlemen IN congress
in BUSINESS life and among farmer!
and the thanks he is getting Tor n!
Gnsrlfish efforts to aid II Souther
farIuers are expressed in columns {
.tbuse and Islander III {
the South.
Southern newspapers have r.
fcrrcd TO Colonel Thompson he sal
las d '~trickster' and have intimate
that he is attempting to hOodWlnk TT
cotton m with his plan. In tt
past l have returned to New fOl
from the South with words Of prai
Of the Southern hospitality. but tn
time / shall return with my he;
bowed in shame. Southern hospital
be hanged"
Mr.. Staten remarked here that
vas "a lifts warm" about the cri
rising which had been hurled at &c
onel Thompson and desired it to
understood that he was speaking t
himself only. He added:
ThOmpSOn'S Statement.
The message. which Color
Thompson would give to the people
the Southland now Is: Gentlemen.
made my fortune from speculative
your staple and feel that it is my du
10 see that part Of it goes back to yc
| am anxious to help you. If the Or
posed plan for financing the surpl
par OF your crop Is not SatlSfaCtOry
am sorry. Come and tell me what
wrong with the plan and we will
aHd amend it to your liking
Colonel Thompson Is q friend
the .0cutll anu ne mates the New &c
cotton Exchange more, perhaps. tn
do you people Of the South. Wick
sham is q Northern A~ttorney-Gene,
His partner is attorney for the n
York Cotton Exchange and alre;
they have tried to send Colo
Thompson to lail for ne, ping
South in his bull campaigns"
Mir. Staten defended the plan in
tail and declared if put into one
ton it would prove beneficial to
armer and business interests of
South. He admitted that it was n,
holding movement" that it plovi
for the absolute purchase OF title
every bale of cotton turned over
the syndicate and that the righ'
sell the cotton to spinners at any