The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1913-08-06
0SWEG0 COTTON RESOLUTIONS
FARMERS UNION MAKES Plan
FOR MARKETING COTTON
JUDICIOUSLY.
President T.. w. DabbS Calls Meeting
OF Farmers at University Thursday
Afternoon to Discuss This Import
tant Matter.

marketing the cotton crop gradually,
that losses incidental to Sporadic sales
may be averted, resolutions were
adopted at n recent meeting Of the
Farmers union in Sumter county with
this end in view, and committee ap-
pointed to bring this matter to the
attention Of all unions 'througout the
| south and to invoke the aid Of all
bankers, boards of trade and COM
mercial organizations. The feature Of
the resolutions is that for every bale
sold another be held off the market.
either at home or stored in the nearest
warehouse.
TO further the purpose embodied
IN the resolution, f. w. Dabbs, presi-
dent OF the State Farmers union, and
Il. Nj. Cooper, chairman of the State
union committee on warehouses and
banking, having sent the following
letter calling a meeting Thursday af
ternoOn at 3.30 o'clock in the univer
sity chapel when this matter is TO he
thoroughly discussed: "Believing that
you are interested in the purposes
outlined in the following resolutions.
you are cordially invited to attend a
conference at the chapel Of the Uni
Versity of South Carolina in Column
bia next Thursday afternoon at $40
O'Clock, to map out q uniform plan
OF action and devise the best methods
of securing the desired results"
The following are the resolutions
adopted by the Sumter county union
and approved by the State organiza-
ton:
whereas, cotton is the foundation
of the finances Of the South, and
Whereas, we have seen our people
lose from $1OO,OOO,O 900 to $500, 600, 900
in season because of big crop talk
and the constant prediction. of low
prices and
Whereas, the average of prices for
the past IS months in the face of the
two biggest crops on record, 16,25O.-
600 bales in one and 14,25O,OOO bales
in the other, and with a European war
FOR more than n year and the threat
OF adverse legislation for nine months,
which has been used to tighten money
and generally work for lower prices.
and
whereas, in spite of all these ad-
verse conditions, the spinners of the
world have needed all the cotton that
has been grown, and have reduced
stocks to a lower point than usual,
while there is also a scarcity of man.
ufactured goods, and
Whereas, the intense heat with too
much moisture in the eastern section
of the cotoon belt is making the crop.
run too much to weed TO yield q bum
per crop, and t..
Whereas SO much talk of bum
per crop and lower prices is doing
more to depress prices than the money
stringency and all otl auses COM
bined, now therefore be il
"ResOlved, That we call upOn all
Of our fellow citizens of the South TO
do everything in their power to stimu-
late q more healthy tone in the minds
of the growers OF the cotton.
rpbot N,,o ,,,oI,o o,.o,,,
fort to show them that even with
big crop slow marketing will save the
South many million of dollars. while
the loss from a stampede to rush the
market will be so stupendous that it
will paralyZe all business.
"Resolved, That we call upon all
banks as they have regard for pros
perity of our section to use every OPP
portunity to reassure the cotton grow
ers to aid them in every legitimate
way to the extent of their resources
to carry out a uniform policy of grad
uai marketing.
"To this end we do recommend that
for every bale sold another bale be
| held off the market, preferably at
| home, but wherever there are debts
against it in the nearest warehouse
that the creditor may be secure in his
advances, and may use it as a basis
of credit to help his customers carry
out the purposes outlined above.
"Resolved, That Il committee of this
union be appointed to bring to the
| South these matters and request
them to secure the cooperation of all
boards of trade and the bankers of