Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-05-01
TAKES DECIDED OPPOSITION
says southern state Cotton Corpora
lion VIII Benefit Farmer,


has just been called to an article in
todays world clipped from the
weekly, written by w. H. Oathant of
larnlby, okla. IN regard 10 the af-
fairs of the Southern states Corpora
llon,
Having studied the plans Of the
corporation thoroughly in It's efforts
to secure for the people Of the South
Dn states a staple price OF l5c per
pound for their cotton must say that
this letter of Mr. Oath1nt's strikes
me as being the most wilful misrep-
roscntaion of this question ! have
heard. The letter shows that he has
the Information al hand 10 inform
himself II he would only read 1t in an
unprejudicod manner-lt leaves me
wondering what his personal interest
w, to thus rush into print and expose
his ignorance or baseness in misrcp-
rcscntiug this proposition.
Perhaps he is % ginner who has
been making little profit off Of
the farmers by buying their cotton IN
| the seed, as "a cotton buyer who would
lose little extra work during the
/ fam skInning the farmer out of his
righful dues for his cotton. How
ryer ! want to call attention to some
uf his misst1tements
He says the scrip of this company
are unsecured due bills Which
statement is absolutely false. The
cotton scrip issued boy this corpora
| ton bears per cent interest and is
secured By seven pounds of cotton
for every dollar of scrip issued by
/ this corporation and the payment
guaranteed by this $llO00,000 cor
| poration. The true plan is this the
farmer holding selling certificate
Of this corporation, draws three
| fourths the market value of the cotton
as an advancement and accepts the
scrip for the remainder up TO sc per
/ pound, which he is expected TO hold
until his cotton brings ljc in the
market. AS an illustration, if the
cotton is worth l2c per pound in
Galveston, he will be paid 9c per
pound or S45,00 per bale, besides his
seed which are worth at least $1,000
per bale, netting the farmer $500
per bale in cash and $4,000 per bale
in the scrip which he is expected to
hold until the price reaches l5c when
his cotton is sold and the scrip re
deemed
Now how can this hurt the farmer
one cent, when he has realized $55 per
bale, which is as much as he has got
ten out of his cotton on the average
for the last five years."
lie next says that the corporation
will have buyers in the field next fall,
but that they win only compete with
local buyers, will not try to force
prices up" How can there be any
competition between the local buyers
and the agents of this corporation
who has but one price, ljc for basis
middnng; all the time, no more no
less, and the local men trying to buy
on exchange quotations which are
now Indicated to be about II y to l2c
according to their futures as being
quoted in the daily papers. He crlu-
ciacs the corporation for having some
heavy type in their advertising and
very small type when they printed q
copy of their selling contract In
order to show the make up of the
contract it had to be printed upon Z
page not more than half the size OF
original paper This corporation has
nothing to hide and are willing for
everybody to know the whole truth
Send To Mr.. j. W. L. Corley at OKLA
homa city and get a copy of theil
booklet. Read it without prejudice
and feel assured that you will de-
clare il the cleaueSt plan ever put
forth to save the cotton growers OF
the South $500, 100000 per year that
has been going heretofore into tho
hands of the spectators and other
small fry that have been preyinF
upon the farmers. This proposition
has given perfect satisfaction where
il was used last year and If the farm
,rs can realize the fact that they can
not lose cent and have everything
To- gain that they will rally to the
support of the Southern States Corpo-
ration.
This corporation is not a great H.
naucial combination for the purpose
Of specializing upon cotton, but
coronation composed of the farmers
bankers. merchants and other bust
ness men of the south associated to.
gether for the purpose of assisinl
the farmer to hold his cotton for ;
definite price. The plan Is perfectly
simple as they propose to hold It OF
Of the market until they are willing &c
pay the price asked 1. G. 15c net to thu
farmer. and when they refuse TO pay
that price which IL below the average
the spluncrs have been paying for th'
last five wears. TO withhold their cot
ton in bonded warehouses and fully
insured, uutl the price desired IL
reached.
The prospects now are very brigh
for the corporation to have contract
ed this year about one-third Of th'
crop. 5000. 600 bales.
who is foolish enough 20 believe foi
P a minute that the spectators wh'
get charge of the other one-third o
p the crop. Cone-third having been use,
up during the four months by spin
ncrs while the cotton was beini
! markotcd) at price less than the
D know this corporation is holding theli
! cotton for
p Let the farmer Of Tulsa county
. rally 70 the support of this corpora
b uon. contract your cotton 90 then
P and lets save To the farmers Of thi'