The leader-enterprise. [volume] (Fitzgerald, Ga.) 1912-1915, 1913-08-27
Farmers Be Cautious.


have virtue one that may help you market your cotton
to YOUR advantage We have endeavored to learn from
the men representing the Southan Cotton Corporation
the security that lies back of their promises Their re-
niles have been vague and lacked the elements OF
confidence that feel it fair to our farmer TRENDS TO
advise them to be cautious their cotton over to
corporation which will the only security back
Of their notes to Warehouses beyond the jurisdiction OF
the American Courts The advantages offered r e.
ce themselves on careful consideration to the Proba-
biy of increasing the demand for the staple through
Withholding the spot cotton For this privilege they OIL
fer YOU their unsecured promise to pay bearing sA
per cent interest The corporation charges you for this
$llO per bale Say cotton brings the market basis
middIine $50 Per bale; this bale you receive $45
cash and note for SIS for the balance for which in
ninety DAYS you WILL if redeemed receive 22s cents
interest Your cotton is shipped to Europe and as lar
as it appears from their printed literature there are
no available assets behind the note to assure you your
payment Your bank and if it don't do it, we will
find YOU one that WILL is ready to lend you z value or
the same $45 the same bale Of cotton at no more
than $1.OO interest for three months and you have
complete control of the whenever you are ready
to SELL 1t remains in your own warehouse is insured
and all times remains yours to dispose OF to the best
advantage and at time elected by yourself The con-
dton of the cotton warrants the belief that cotton
this season will reach high water mark and we would
not like see Ben Hill County friends deprived OF
the opportunity get all that is coming to them Tor
their years hard work. Arkansa has refused to let
this corporation do business in that state and it is
fe plan to look close into any scheme that offers YOU
somethns for nothing Spinners not phiianthropsts
whether they do business in America England or Germ
any they interested to buy their cotton at the low
est price they and not likely to advance money
to advance the price of cotton that they themselves
need buy, it not reasonable, more sol
than you would lend your neghbor 70 cents bushel
for corn now, on an agreem ent that you will pay him
80 cents more for it, in the spring when you need it.
YOU have the 70 cents and you get the corn you
would buy and save the 80 cents for yourself and
human nature practically the all over the world
Since writing the above we have received the follow
ine information which bears out position, If its not
good for Arkansas farmers its not good for you.
Little Rock Ark, August 9-The Southern States
Cotton Corporation with headquarters at Macon, Ca
which promises in its contract pay farmers Is cents
per pound for their cotton, cannot do business III
Arkansas under its present contract form, according
to State Auditor Coman, who today refused to grant
it license under the blue sky law This action
the result of Gil opinion by Attorney General Moose
in reply to request from H. S. Mobey president of
the Arkansas Farmers Union in which Mobley asked
under the contracts offered In this state the far
mer would be guaranteed Is cents per pound for cot
ton out of the assets of the company, or would have
to look to the proceeds of the sale OF the cotton for
his pay He also asked if the farmer would not stand
to lose on the cotton held by the corporation and for
which script had been issued, unless the cotton it
self should bring IS cents per pound.
judge Moose stated that he could not see that
the companys contra cts bound it pay is cents for
the cotton for which script had been issued unless the
proceeds of the sale othe cotton should meet this
amount after storage insurance. ETC., had been de-