The farmer and mechanic., 1914-09-01

ton. and the fun crop the next year.
ana with a half crop and full crop
Tor TWO years gives the average
crop Tor each year which VIII be sold /
al a profit paying price. Besides this
advantage, You will have II. the TWO
years % per cent: greater hay and !
gram crop In place of selling 100 per /
cent OF cheap cotton. and growing /
lO0 per cent cotton crop the next |
year.
If the world cannot use IA million
bales the year OF cheap cotton. sell : !
million bales al IS or Il cents and
keep million, and grow million
the next year. Il million bales for
two years is better payinG business
than % million bales
Fl.
Now, II the cotton farmer cannot
find market for his hay. corn and
oats. al a profit paying price. convert
these crops into money through meat
The Western grain people convert
large per cent. of their corn and hay
into money through beef and pork;
and another great per cent. OF the
grain and hay crop into money
through the Souths cotton farmers.
| A ton of hay, bushel of corn.
THAI you grow and harvest on your
| land and used on your cotton farm,
| should be charged to the cost Of cot
| ton al the same price you pay if you
| went to the market to buy hay and
| corn.
why is it that so many cotton
farmers answer the following quea-
tiOns in the way described below?
| Mr.. Smith. what does Your cotton
| cost per 100 pounds? Ans SO 25.
Did you pay s22 a ton for hay. and
50 cents a bushel for corn. to feed
| your stock y months while making
and harvesting your cotton crop
Ans. No; l have never bought hay or
corn; l grow and harvest it on my
farm
Did you charge the market price
for your corn and hay to the cost o1
cotton? Ans No.
''Why? Ans Well it only cost me
$500 a ton for hay and 40 cents {
bushel for corn. and hay is worth 50;
a ton and corn so cents a buShel il
; the market. [ have not understood
that cotton should show a cos
equalling the market price for ha.
, and grain.
! "Now, Mr.. Smith, YOU could hav'
sold your corn and hay. used on thi
cotton farm, for $1,000 profit Yo'
= | sold your cotton, as you thought a
81 900 profit-you counted the rea
l cost of your cotton at $1,000 less tha1
: it cost you. You have made thi
$1,000 by selling your hay and grai1
and the South would have been bette
Il Off if you had done SO and harVeste
\. no cotton
why do so many farmers answe
Z in this way?
I Mr.. Jones, why did you sell you
e 500-bale crop of cotton at S.25 cents
pound, knowing it cost you sl.75 Pc
e 100 pounds more than that 81
lr sides this loss you failed to make
n just and right net profit. q profit equs,
IL ing that of manufacturers profit mao
IF on that which you buy. Ans. | 10
n rowed $4,000 from merchants ar
banks. The notes and accounts b.
re come due October 14th and Noven
ID Der 18th The banks and merchan
le borrowed and bought this loan ar
d credit for me from other banks ar
n merchants; the other banks and me
st chants refused to extend the loan ar
is credit to our home bank and me
chants, and | had to sell.
IN ''When you borrowed this none
nt and Hought these goods, on this sho
r. time loan, didn't you think the co
lg ton bears might find out that the co
re ton farmers had to pay 200 millit
OF dollars on October 14th, and 200 m
ts lion dollars on November 18th? Wht
~ YOU did this, didn't you think it po
st sible for a squeeze to take plac'
It How many bales would have be-
s sold during October and November
ol. S35 cents per pound II tne cott'
IT farmers had only had half the cost
It's the cotton crop to pay for Octob
IL 14th and November 18th? Ans. n
r a bale at less than a profit payi
rs price.
in Mr.. Jones, why don't you arran
C and borrow half the cost Of 500 bal
Is on a 10 years basis, and half the cC
)St of 500 bales on the regular tel
il loan? The local banks and merchai
er- hand 1e the half on reglar terms; a
nd the bond buyers handling half on
years loan
As To Cutting Price.
'ge "If cotton farmers were manrifa
rn turers Of agricultural implements, a
,x- manufactured and sold fourteen II
SIS. lion implements each year. and &C
5es ditions were such the next year, II
ers they could only sell seven million /
cir plements at the per cent. of loss II
nd cotton is selling at-they pOSltlV
,ist would not cut the price The imp