Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1912-04-23
GIGANTIC SOCIETY TO
CONTROL COTTON PRICE
Proposed Cooperative SoCie-
ty Would Establish Stand
ard Price for Crops

The Cotton Growers COOPERATIVE So
ciety. which is being organized with
general offices in Atlanta, proposes to
create a system of scientific marke ting
of the American cotton crop, guarantee
ing net price of Is cents per pound FOR
middling cotton to the producer or
farmer.
The proposed capital of the society IS
$50. 000.0 A bond issue of 100000
600 is proposed. thus making the total
resources of the gigantic cooperative
society s25O.OOO,OOO. The society pro-
poses to conduct it's business through
ten departments, which are as folio MS:
Legal, banking, credits, exports. domes-
tic handling, bonded wareh ouses, traf-
fic. publicity, statistics and general or
ganization.
The society proposes to establish for
the grower a reasonable price for cot
ton and staple price for the spinner
eliminating the speculative feature en-
tirely.
Through its proposed system of bond
ed warehouses, the society will contract
cotton he will sell the society at the
15-cents per pound price. This will be
payable IL cents in cash on delivery Of
the cotton and 4 cents in the society =
Z per cent debenture 20 year coupon
bonds, and in each case one share of the
preferred stock of the society, no grow
er being allowed to take more than one
share of this stock.
After the system under which il 0ro-
poses to operate has been fully outlines,
prospectus of the proposed society
says:
THE farmers of the south viii
through this, their society, build up a
concentrated capital of $1,000. 100000 in
four years time and through the pow
er of this immense capital, which will
be greater than any financial interest
in the world, compel the cooperation Of
the moneyed interests of America.
The prospectus of the society shows
that in the cotton belt there are approx
imately 500 countless ten representa-
tives or 5000 experienced men, will be
engaged by the society in each county
These representatives will be two-thirds
farmers and one-third business men iuld
bankers. The county is to be the unit
of the organization and the men -sp-
resenting the society in the county will
be held reSpOnSlDlS ny NAlO CENT a. -
ganization. The county representatives
Of the society will consist Of super
intendent and nine supervisors. Their
duties will be to keep the general office
of the society thoroughly informed as
to the acreage, fertilization, conditions
of the cotton crop and such generai
information as will assist in making ny
statistics as to the proboble yield or
any particular crop.
In addition, according to the prospec-
tus. the county representatives are 10
have the grower commit his cotton &c
the bonded warehouses designated by
the society for sale on and after Sep
TENDER 1, 1912.
The following, relating to the SPIN
ners' interest in the society," is taken
from the prospectus: While the op-
iect and purpose of this society orl-
marilv are to further the interests OF
the farmer. for the cotton growers OF
the south compose the society, the IN
terests of the spinners are also coli
served in an equal degree for the yol-
lowing reasons: The price of cotton pc
ing starleized, the spinner can deVoSe
his energies to making proflt OF tnc
legitimate manufacture of the goods' IN
stead of being simply SPECTATOR on
the future market as now.
AGAIN quoting from the prospectus
.rrbrough a banking system that is DE-
,1s spontaneously established, the
banlxine and financial interests or Amer
ica and Europe are brought into DO
sitio, through which their cooperation
win, the immense interests OF thls So
ciety is assured"