The Lee County journal. (Leesburg, Ga.) 1904-19??, 1914-04-30

the opportunity to force down TIE
prices hid for cotton Oh tbs exchange
almost at their plea N. the cell
ers we'll know that Layers can not af-
ford To take under their system what
they offer. The immense quantity Q
their sales, with their facility for adj
vertising the selling prices all oyeg
the country, tend to force actual
prices down and thereby iniure the
men who raise lint cotton. The prices
are made fctitiously to rise and fall,
thereby injuring all who handle cot
ton, the manufactures as well as the
cotton grower.
Time to Suppress Il.
THE time has come when this in-
stitntion ais now conducted should be
J. suppressed, unless it can be forced to
adopt honest methods. 1t Is no more
entitled to the use of the mails and
/ the telegraph lines under its business
as now conducted than was the lot
terry, the exclusion Of the business Of
which from the mails was sustained
by the Supreme Court OF the United
States.
1T lis the organized enemy Of cotton
growers and cotton manufacturers,
manipulating prices Of the raw mate
rails which the the one manufactures
and which the other grows.
ga few years ago suffering from
the effect of the evil conduct of this
or that organized enemy, certain cot
ton buyers and cotton manufacturers
united together ana determined toll
buy ana require delivered to them all
the cotton Held by the New York Ex-
change They made an agreement
that they would buy and Distribute
among themselves the cotton, agree
ing further that neither Of those IN the
compact would resell the cotton so
that it could be used in the gambling
marts Of the New York Exchange.
The organization was made IN self
defense against wicked enemy
which by unfair means was attacking
and breaking down their legitimate
business. This organization should
have been commended By honest men
who believe in a square deal, and yet
under the direction Of the department
Of Justice these men engaged il pa
triotic work were charged with being
guilty Of an Illegal conspiracy and
were indicted for alleged violations 81
the Sherman antitrust act.
RA,,r& ranenrssn ~ 0aif4
To-day If q body Of men, manufac-
turers and cotton merchants would
Join together and make similar
agreement and take up all The junk
called cotton on the New York Ex-
change, agreeing not to resell any Of
it through any exchange and thereby
arrest the work of the men who have
been manipulating cotton for the past
few months to the injury Of the pub
lie, they should be commended for
their service more than any organiza7
ton Of private citizens who would In
wade den Of gamblers.
q would be glad to see the ex-
changes continue In legitimate BUSH
ness. would be glad to see them
continue with their Unfair system
elimiaated But, If this can't be done,
then better destroy them than to al
low continuation Of their unfair
methods. Ii they can be made to de-
liver cotton covered by government
Standardization and deliver It prompt
~, with no strings tied to the mode Of
delivery to deprive the purchaser OF
his just rights, then with their gamb-
ling methods brought to an end they
would be oil real value.
1--WE will try them now with an eff
fort to regulate, but they should UNI
derstand that forbearance has about
ceased. There is a way to stop them
entirely, and unless they help purify
their own house and bring It to con-
dition of decent and Legitimate busi-
ness, the next movement against them
will be to terminate them"
The bin was passed.