The Pickens sentinel. (Pickens, S.C.) 1911-2016, 1912-06-20
Another Cotton Holding Plan
Lost Boy.

Another Cotton Holding Plan
Mr.. Editor
I noticed an article in the Eas.
ley Progress of June II, by Mr..
J. H. Newton, headed, A Plan
to Hold Cotton. / have seen
this same plan suggested to SIM
liar plans. l have been connect
ed with the farmers organiza-
tions since 1890. I've heard sew
eral plans suggested for the ben
eft of the Southern cotton grow
er, but all have failed. Why?
Because, when farmers under
take to 90 into banking business
that is out of his line. He will
get skinned" or left every time
I think there is a plan that will
give the farmers the needed re-
lief and, in my judgment. issthe
only plan that will do it. We
have tried the government and
failed, we have tried money cor
porations and trust companies
and have failed 70 obtain the de-
sired satisfaction. The farmer
generally is the source from
which all other cooperation
draws to add to his already mul-
tiplied wealth. This plan of the
farmers protecting against spec
ulation is, in my Judgment, all
''bosh." When it comes to a
protection and money industries
of this country, we have got
to form a huge trust that will
compete with all money trusts,
not only of this country, but
foreign market interests.
It is known that Europe, a
non-cotton raising country. fix
es the price Of our cotton. | be-
lieve it is cone through an un-
derstanding of the speculative
interests of this country with
those of foreign countries.
The plan l am going to place
before the business men and
farmers Of this county and the
cotton states was conceived in
the mind of one J. E. Donaldson,
of Georgia, a farmer, a man
who has given the cotton ques-
ton deep study Now, he says,
let Georgia, the empire state,
lead and the others will follow.
There is no doubt about it. 1t
they should not. their people
would move into Georgia for the
protection she would give. What
then must Georgia do? At the
next convening of the legisla.
ture pass a law to amend the
constitution of the state so as to
allow the issuance of ample
bonds for the protection of the
Georgia cotton growers, and
then pass laws carrying out this
scheme of protection to go into
effect on the ratification of the
amendments b. the people, and
issue one hundred million dol
lars worth of bonds, if necessa-
ry. Let there be a provision in
the bonds that may be recalled
on notice of sixty days or six
months, and thus retire from
circulation to be deposited in the
vaults Of the treasury for subse-
quent use. Let there be a cot
ton commission of three wise,
discreet men, nominated by the
governor and confirmed Iby the
senate, who shall have the pow
er to sell these bonds or hypoth-
ecate them, and from the mon
ey thus obtained, through their
accredited agents, 90 into all the
cotton growing counties of the
state, and buy the cotton, OF
Georgia farmers only, grown on
Georgia farms, whenever the
price reaches II cents for mid
ding, and other grades in pro
portion, and when the price ad-
vances above that, retire from
the market and suspend all fur
ther purchases. Then. when
the price advances to a point
sufficient to pay the expenses of
the commission and its agents,
sell 1.-THE object being merely
to protect the cott>. rrowers
without loss to the Sta Why