The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1912-03-22
THE HELFLIN BILL
UNFAIR TO FARMERS
WOULD UNsETTLE AND REVoLu'
TOME COTTON MARKET
------r a.aa.a.
COTTON MUST HAVE HEDGE
FACILITIES
Which Enahlcs the Farmer to sell
Hls Product at Better Price
Several Months In
Advance.

Oklahoma city, March lion. n.
7. Blackwell, editor of The Cotton ana
Cotton Oil News OF Dallas. spoke mere
today to the business men aud farm
.rs on cotton. fertilization, the need
Of cotton grading. schools, etc.
Mr. blackwell said in part
4 address you not as an editor and
writer. but as farmer, as ! an
farmer and landowner J want 10 ad-
dress YOU briefly on issues of the most
vital Importance to every man, woman
and child in the South dependent di-
rccdy or indirectly on the cotton
plant
orhe subject of fertilization Is just
BEGINNING to seriously engage the at
tention Of our people. In Texas,
Oklahoma. and other sections OF
tho South, with rich virgin SOIL
We are prone 10 overestimate the
lasting qualities of same. We per-
nit fortunes OF fertilizer 10 60
tc waste for the lack Of energy ana
A. proper knowledge OF the ehemlc'N
needs Of our soils to apply same. Ev-
cry ton oC cotton stalks burned rohs
the soil Of 50 in value in potash men
eaid stalks annually take from the
soil We cannot 20 on and on roo-
hing the soil and never giving back
the chemical properties taken from
II 10 produce cotton without being dis
appointed finally in the yield
II want to urge my hearers to take
ps good care of cotton after 1t leaves
the gin as they do loc bale OF nay.
Cotton left in tho weather Will con
tract country damage and the short
sighted farmer who leaves his cotton
exposed. invariably loses In weight az
cotton onre wet will lose when dried
mt Take care of your cotton, wrap
II up fully and neatly and avoid row
with tho buyer over country damage
and holm make our American packages
reach their destination without lcok-
Ing like the miserable shabby or
nhans they are when they reach the
other side
Another important question ! wish
10 discuss with YOU and urge yon to
begin now is 10 ask your state Leg
lslatnres to make provisions for the
establishment Of cotton grazing
schools In the high school of each
.onntv seat OF the entire South. IL
Ia inconceivabc hat only two per
cent Of our cotton planters are ablc
10 rraac tbcir cotton and thereby ar
rive At an intelligent appralsal OF It's
Qalne-thc most valuable product or
our soil. These schools can be estsh-
lshcd with slight cost and conducted
IN the summer months when tho
young men Of The farms have leisure
time
"The only way to get anything near
what the present or the next crop OF
cotton is worth is To hold million
,ales or two Of this crop over in
9eAt years crop and reduce the acre
aeo % per cent A lt.o00.ooo bale
erop in 1912 viii bring cents per
pound A 12,000000 bale crop will
bring ~ cents per pound The only
hing that can prevent good ad'
vance or say s. so $40 per bale IN
rotton. IL held for few months, ls
tor the bill Of IIenin, OF Alabama,
,ceking to abolish future dealing IN
cotton 10 pass or even to be reported
fay0rably by the committee on asri-
culture. Either would break the
price Of cotton s. per bale at the
present time
con the question Of cotton cX-
changes the future trading feature or
the application of the hedge preroSa-
tive to the spot deal. our people are
gerv poorly informed or rather mis-
Informed In ract when very few OF
our ablest editors or statesmen have
given the matter any thought how can
re exect our farmers to know any
octter whom they depend uDon the
Hrst named men 70 cnlighten them.
"The producer Of cotton and a
arge per cent Of the public generally
oarc a hazy idea that every detail OF
nc cotton trafIc. especially cotton fu-
mres. is one vast propaganda estah.
Hshed and maintained solely TO de-
press the price OF cotton and take Il
,ray from thc producer az cFaply M
possible
"rhe cotton echangee. Of which
there are but three in all tho world
which make the price Of either spots
hr futures. are these Of New Orleans
Nev. York and liverpool
Tho New York aud New 0rlesnS
.xchanses arc tho producers eX-
changes, and tho liverpool exchange
.s the consumer's exchange and in my
humble opinion both the producer and
The consumer must have an exchange
10 create a balanced market Alto
rether The exchanges arc clearing
houses for the worlds cotton traffic.
Without them it would be absolutely
/ Impossible for anyone TO arrive a. any
thing like a fair and equitable price
Tor cotton
"rhe application Of the future trade
II hedge prerogative 60 tho spot deal
S what makes the cotton market and
makes of cotton cash asset and sale
able every day in the year A. every
own and hamlet in the South. L the
market was deprived Of this facility
Is both the Scott bill, which died in
he Senate the last session, AID the