The Anderson intelligencer. [volume] (Anderson, S.C.) 1914-1917, 1914-10-27
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

According to q letter received I'm
Anderson Saturday, the Washington
chamber Of commerce believes that
the people OF the South will have to
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 art. Commercial
Organizations Interested In Aiding
the South In the "Buy-a- Bale"
| Movement:
| The conditions confronting tho cot
ton producers. of the SOUTH Is ma
tional problem. Gotten now in the
fclds represents values that will az
feet every phase OF business and r.
nance and Is just as vital to the bank
er and manufacturer. jobber and
| wholesaler. In tho East and in the
| west. as tho South. and more vital
ut this time to these interests than
10 tho producer himself. as to q great
extent the producer has already re-
ceived the value OF the staple In ad-
vance OF commodities and money.
Tho "Buy-a-Bal movement has
bcen greatly retarded by the pcrsis-
tent rumors that Morgan and COM
pany and other large financial insti-
tutions were arranging to finance
ADEQUATE loans on 100000 bales of
cotton. Those rumors have produced
| deadly results, us business leaders
were OF the opinion that the general
purchase of cotton In small quanti-
TICS would not be needed as the cit
uation had been fully met. Tho
Southern Commercial congress, to
aEcertain the facts. telegraphed to
Morgan and company and was au-
thorized to deny the rumor. This
lact should be known throughout the
United States ns the cXigency, more
than ever demands the attention. of
all parts OF the country In meeting
this national problem.
n great mistake has been mnde nv
many who have honestly sought to
nid the cotton movement. They have
paced the t.cds for the purchase of
Gotten at ten cents per pound with
business concerns who buy this cot
ton from themselves, whore they have
thousands ,ct bales taken. In on nc
count ;or purchased In the market at.
the prevailing price. This nid la of
pniuc. but In this emergency it does
not reach the producers for, immef1.
iate usa IN financing the further har.
vesting. OF his staple IN the aalas a~S
IN fnrther liquidRting his accounts
WIN merchants and which IL not
aone VIII reach up to every phaan
OF business and finance. Funds, rais-
ca ZOE the purchase OF cotton should
DO placed with the clearing houses
organized by commercial organign-
lions IN the South, The officials of
these bodies will SEQ that the money
IS placed where It will secure ii-
rect results In aiding the producer
nimselt and only In such cnses where
Inc need actually existed. s... ~ ,'.T ID
senator Duncan U. Fletcher. presi-
oenta OF tho Southern Commercial con-
gross, makes. the following announces
mont TO commercial Organizations in
tue cotton States md to commercial
oooieS. business Arms and indiyidusls
OUTSIDE OF the South. with respect To
INC aEBnyea-B Bal6", movement: ;yf59i 80 81 &
10 tue Commercial Otanizatione or
i1u are hereby urged to take Inn
me4late Htaps Tor. the organization
ISt committee or clearing house To
pe assigned, the duty OF, handling tho
purehase OF cotton In your. reSpactiva
centersss with funds secured for thia
purpose The committee OF cleaffng,
n0qso should ho charged with q. The
RESPONSIBILITY OF ascertaini1R tIie
neeas OF cotton. producers and nair-
cnase cotton only wherasa raai need
Exists and endeavor to make sat Is wide
9 distribution Of tho nyaiiahle ftindsi
as possible, In order II, rao an .s ~.