The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-12-17

HOLD cotton, and reduce acreage,
Is an eXpedient until stabilizatior
through legislation can establish
permanently fair and just price L
producer and consumer.
The price of cotton should oe as
stable as that of gold, for cottor
serves useful purpose, like gold
and is universally used The Jlict
of universally used and necessary
product, possessing intrinsic value
and which, like gold, can be kept
without deterioration, should be sta
bilized. so the price would be depend
able like gold the world over. If
the south alone produced and used
cotton, there would be no national,
and no world problem. The prob.
lens of housing. feeding and cloth
ing the world are fundamental and
at the base of civilization.
Cotton independent of bi-products,
is warp and woof with all peoples,
and the questions OF production,
manufacture, consumption and price
are important to the south, TO the
United States, and all other coun.
tries and peoples of the world.
The premises being true, it is
economically true that the price
should be stable and dependable, in
order that the laws of economy may
have its fair and just influence with
producer and consumer, and home
and foreign governments. Stable
prices would permit thrift to the
producer and manufacturer in a fair
ratio, and trade balances. as far as
cotton influences them, could be
scientifically and economically de-
termined, and conveniently adjusted.
4 cotton foundation is a need.
and should become a necessity. Mr..
Carnegie has his peace foundation.
and Mr.. Rockefeller, one for benev-
olence. The world should applaud
and encourage them, and participate
in their principles of general welfare
They are great men in their re-
spectiye fields-the greatest the world
has ever known. and perhaps ever
will know-kings in their world of
thought and action. King cotton
needs foundation. needs vision. and
a Rockefeller to produce in his king
dom stabilizing results for the thrift |
and welfare of all peoples.
Congress could give authority for
a cotton foundation, in the interest |
Of all classes everywhere. The de-
tails of such a foundation could be
invested with universal interest and
made TO conserve thrift, where in
security and lack of confidence pre-
;ail.
Granting that a cotton foundation
an be duly authorized by congress.
md practical thought has worked ou:
III the details. as an illustration.
viii contribute to the foundation $3.50
'er bale for all cotton raised on my
ands. all tenants and landowners
oing the same, eQualiag $500 per
ale for every bale until the founda-
ion has working capital of $780,
10000. ~
For the lack of ways and means
nd facilities. the cotton producers ,
f the south are losing in substantial ,
'eaith on this crop in excess of +
On crop of 100000 ,
ales, and $500 per bale, the foun- !
alton could receive in a single :
ear $4,000, 900. and represent gain
n all the crop. Certificates for the f,
md would represent value, could n
rculate. not as money. but as a n
cans of exchange.
II S300.000.000 can be lost to the r
'oducers in single year. can not a
OBJECTION against such calamities 5
! found in a cotton foundation. gov t,
controlled in the inter-
1 of the whole world? I,
The thought is advanced to awak- n
| interest. Reasoning together I,
ong such lines might result in O
mething new, something very prac- L
al to. the present and future gen n
mething new. something very prac- W
atiOns. Y,
II prices for raw cotton could be b,
abilized and fairly equalized. haz- Ct
d and uncertainty would be large
eliminated in the interest Of the
ople everywhere. The holders of G
Id do not have to hedge. and as q