The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1913-08-20
WILL ABoLIsHIEG EXCHANGES HELP

WILL ASULISElNG EAtAANGcS hEif!
Do the farmers want the
Clarke amendment to the tariff
bill which seeks to stop specu-
lation in cotton for future deliv-
cry adopted? We were among
those VINO thought the specula-
ton at the cotton exchanges had
much to do with affecting the
price of the staple to the d!sad-
vantage of the grower, and we
are not yet convinced that 1t IS
not so, but when we read OF the
action of cotton growers IN
Texas and elsewhere in opposl.
ton to such legislation, it causes
US to halt, to study the matter
more carefully. This amend
m ent to the tariff bill is
meeting with the opposition OF
many in the cotton belt, the
Texas growers are protesting
vigorously, and urging their
Representatives to oppose it.
We think the Representatives
from this State are unanimously
in favor of the Clarke amend
ment, although we have not
seen where they have expressed
themselves either in the public
prints or in speeches, but on
general principles from their
speeches when candidates for
Office we assume they are ''agln'
Wall Street, and everything
which eminates from that money
center.
We confess our inability to
advise because it is subject we
know very little about, just
about as much as the average
candidate FOR office who raves at
the iniquities of the spectators.
and when they are elected we
do not hear anything more from
them on the subject, but in the
present congress one represen-
tative added an amendment to
the tariff bill, which if adopted,
will put the cotton exchanges
practically out Of business;
those remaining will probably
do a factorage business similar
! in character to the methods OF
thirty or more years ago, when
there was no such thing as cotton
futures. and the grower received
just what his factor said he got
| for his cotton less commissions,
drayage, insurance, wharfage,
freight, DOSAGE, etc.
We shared in the general view
that the exchanges were engines
of oppression, and by their dis
honest practices, the farmer was
being robbed of his just dues
and honest toll, this view was
instilled into US from the argu-
ments we heard on the hustings
in campaign seasons from the ag-
|itators who were seeking Office,
and did not "like these plutocrats
| nohow," but when we read in
Southern newspapers Of high
standing, a protest against the
pending legislation that we
thought wouldbepopular with the
lcottongrower, we stop TO ask what
does it mean? The New Orleans
Picayune one of the most in.
fuential newspapers published
in the cotton belt refers to the
action of the Bremen cotton ex.
change having announced that
it would begin trading in cotton
for future delivery in September
and regards it as significant in
the face of the pending legisia
ton in the congress of this
country. It seems to think the
speculation will be transferred
from America to Germany, and
that the European traders will
control and fix the price of the
staple. If the Picayune is neal
fright, it does seem to US that the
farmers union and the other
agricultural organizations in the
South, should lose no time in
Investigating and give the re-
suit of their Investigations tc
their Representatives before il
is too late.