The Forrest City times., 1912-02-02
THE HEFL|N BILL
 UNFAIR ID FARMERS
WOULD uNSETTGE AND REVoLU- TIoNlZE COTTON MARKET.
SPOT COTTON FUTURE PLAN
Enables the Farmer to Sell He Pro- duet zs Better Price Several
 Months In Advance.

Conway, Ark, Jan. 25.-Hon. N. T. Blackwell editor of the Cotton and Cotton oil News of Dallas. Tex, spoke here tonight to the business men and farmers on cotton. fertilization, the need Of cotton grading. schools. etc.
 Mir Blackwell said in part
 T address you not as an editor and writer. but as q farmer. and I am farmer and landowner want to ad- dress you briefly on issues of the most vital importance to every man. woman and child in the south dependent di- rectly or indirectly on the cotton plant
 The subject of fertilization is just beginning to seriously engage the at tention of our people Tn Texas and other sections of the South. with rich virgin soil, we are prone to overesti- mate the lasting qualities of same We permit fortunes of fertilizer to go to waste for the lack of energy and a proper knowledge of the chemical needs of our soils to apply same Ey- cry ton of cotton stalks burned robs the soil of So in value in potash which said stalks annually take from the soil. We cannot go on and on rob- ping the soil and never giving back the chemical properties taken from 1t to produce cotton without being dis appointed finally in the yield.
 'I want to urge my hearers to take as good care of cotton after it leaves the gin as they do t5c bale of hay. Cotton left in the weather will con tract country damage and the short sighted farmer who leaves his cotton exposed, invariably loses in weight, as cotton once wet will lose when dried out. Take care of your cotton. wrap 1t up fully and neatly and avoid a row with the buyer over country damage and help make our American packages reach their destination without look ing like the miserable shabby or phans they are when they reach the other side.
 Another important question I wish to discuss with you aad urge you 60 begin now is to ask y5ur state leg islanre to make provisions for the establishment of eoJon grading schools in the hfga school of each county seat of fhe entire souta. tt is inconceivable that only two per cent of cur cotton planters are able 10 grade thcir cotton. and thereby ar. rive al al intelligent appraisal of IS value-t the most sai8aae arodact of our soil These sehe5.s can De esa aa- lished with slight cost aud eondmtad in the summer months Aaen faa young men of the farms have leisure tlme
 The only way to get anything near what the present or the next eroa # cotton ls worth IS 10 hold q ml! on bales or two of th.s crop aeer tato next year s crop aEd gedaee tHs acre age 2a per cent ff8aa=8aH bale crop in 1912 VII brsHs cents per pound A l28Haaaa Haia crop eII4 bring l2 cents per pound Thg aaIe thing that can prevent good al vance of say S5 to Sla per hale iu cot ton, If held for fea months. Is Tor the bill of Mr Heflia. of Alabama. seeking to abolish fa.ure deaHae .n cotton to pass or even 10 be reported fayorahly by the committee an azr# culture Either would break fs- prIee of cotton g. per b8-e at t6e present time
 ~on the question of eo"on ex changes the future trading feature or the application of taa hedge prearss4 tive 10 the spot deas our people are very poorly informed or rather mts- informed In fact when very few of cur ablest editors CT statesmen have given the matter any thought how eag We expect our farmers 10 kaea any better when they depend apoa f#s first named men 10 eulgh1en them
 The producer of cotton and a large per cent of the pubic generally have a hay idea that every detail of the cotton traffic. especially cotton fa lures. is one vast propaganda estah- lished and maintained solely to de press the price Of cotton and take it away from the producer as eheaply as possible.
 The cotton exchanges. of which there are but three in all the world which make the price of either spots or futures, are those Of New Orleans New York and Liverpool.
 The New York and New Orleans exchanges are the producers, ex- changes, and the Liverpool exchange IS the consumers exchange. and in my humble opinion both the producer and the consumer must have an exchange to create a balanced market Alto RRFbHF h-sr