The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-10-25
WASHINGTON WANTS
AID FOR THE SOUTH
FAVORS FURTHERING "BUY-
A-BALE"
NO OUTSIDE HELP
In Letter From Washington Trade
Body, Statement Is Made That
to Buy is Only Solution.
NO OUTSIDE HELP

| NA"oSi ooh Sotuiudy, tHe washington
chamber OF commerce believes that
the people OF the South will have 10
work out their own salvation during
the present financial stringency by
aiding in every possible way the
"buy-a-bale" movement. The follow
Ing is the complete letter:
To Business Men and Commercial
Organizations Interested In Aiding
the South in the "Buy-a-Bale"
Movement:
The conditions confronting the cot
ton producers Of the South is a ma
tional problem. Cotton now in the
ields represents values that will af-
feet every phase OF business and f.
nance and is Just as vital to the bank
er and manufacturer, jobber and
wholesaler, In the East and in the
West. as the South, and more vital
at this time to these interests than
TO the producer himself, as to a great
extent the producer has already re-
ceived the value Of the staple in ad-
vance OF commodities and money.
The "Buy-a-Balep movement has
been greatly retarded by the persis-
tent rumors that Morgan and com
pany and other large financial insti-
tutions were arranging to finance
adequate loans on 100000 bales of
cotton. These rumors have produced
deadly results, as business leaders
were OF the opinion that the general
purchase OF cotton in small quanti-
Ties would not be needed as the sit
uatfon had been fully met. The
southern Commercial congress, to
ascertain the facts. teIegraphed to
Morgan and company and was au-
thoriZed to deny the rumor. This
!act Should be known throughout the
United States as the exigency, more
than ever demands the attention of
all parts OF the country in Meeting
This national problem.
A great mistake has been made by
many who have honestly sought to
1id the cotton movement. They have
placed the funds for the purchase of
cotton at ten cents per pound with
business concerns who buy this cot
ton from themselves, where they have
thousands Of bales taken in ON ec-
count or purchased in the market Mt
the prevailing price. This aid is of
vafue. but in this emergency Il does
not reach the producers for immed-
late use In financing the further har-
| vesting OF his staple in the fields and
In further lfquida.,ng his accounts
| with merchants and which if NOT
done will reach np to every phase
or business and finance. Funds rais-
ed for the purchase of cotton shonld
oe placed with the clearing housesl
organized by commercial oreaniza-
ions In the South. The officials oY
| :hese bodies will see chat the money
Is placed where it will secure di-
| rect results in aiding the producer
| nlmseif, and only In such cases where
the need actually existed.
! senator Duncan u. Fletcher. ITs,;-
lent OF the Southern Commercial con-
sress. makes the following announce
ment to commercial Organizations In
.he cotton States and to commercial
Doaies. business firms and individuals
outside or the South, with respect tn
me "Buy-a-Bale" movement:
10 the Commercial Oranizations of
the South:
You are hereby urged to take i'm
mediate steps for the organizatibn
OF committee or clearing house IN
oe assigned the duty of handling the
ourchase OF cotton In your respective
centers, with funds secured for this
purpose. The committee or clearing
mouse should be charged with tbe
.esponsipility OF ascertainfng the
Ieeds OF cotton producers and pur-
nhase cotton only where q real need
eAists ana endeavor to make as wide
distribution of the available funds
as possible, in order to reach tbei
staple. y, tno
The vital need OF the hour is to as
IN completing the harvesting OIL
.ne present crop. Millions of bales
are stiil IN the fields al to d great
nd its value has already been
an. assaaced 70 the actual producers.
me aim should be, therefore. to
nse In financing the further Ea aryaat
ing OF the cotton in the -fIelda arS" 4,
enabling the farmer to furthe-S W is.,,t
date his accounts with merot,an.s
which, IL done, will reach mn IN reyars,
Phase OF business and finance JErs,t,,
out provision for the further her.
vesting of the crop the PRODUCERS VII,
pc unable to meet their obIieat,ona
ana, therefore, will produce lossa., n, |
every phase OF business. - =
commercial organizations that ba,,a |
aiready organised clearing bousss
ana tI1cse that take such action nm
on this advice are hereby urred 10 |
forward to the Southern CcmrnercisI
congress-. Washington, ID. c.. a' com,-
plete statement Of TIE local spIan ofl
organization. giving the names 81 |
me officials appointed for th.s sep
wee. Commercisl organizations oe |
the south are urged to forward week
" reports TO the Southern CONNIE
ciai congress. giving information ne
to the number OF bales shat have
., been purchased and the effsct OF the