The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-08-08
A MESSAGE TO
THE FARMERS
HOLD YOUR COTTON; STAND
AND STAND FIRM IS THE
ADVICE GIVEN
CONDITIONS GOOD
Plenty of Money With Which
70 Move or Hold the Coming
Cotton Crop Assured
CONDITIONS GOOD
tBy Associated Press. }

pubic tonight, the congressional CONF
mittec. which volunteered several DAYS
ago to geek measures which. would
prevent serious consequences to the
south because of the European situa-
ton. DECLARED:
our message to you is-stdnd firm
Sell cotton only as Il last necessity
Members OF the committee headed
by Senator IIoke Smith OF Georgia, sr.
ter careful investigation of condi-
tions up to the present time gave II
as their mature judgment that til
least possible cotton should lie nut un-
on the market during the next sixty
days. asserting that the agencies of
the federal government, both execu-
tive and legislative, were doing all
possible 10 relieve the strain OF the
situation caused by the lack of trans
portation facilities and the danger oil
facing no market abroad. They call
ed for unselAsh cooperation among
the farmers, merchants and bankers
OF the couth for the common good ano
declared:
1T should be understood that we are
not In the midst OF Il panic. nor Ii n
financial panic possible under our
new bank and currency law and 1t is
not necessary for lis to throw our cot
ton on the market at prices less than
.ts real value"
The statement of the congressional
committee follows:
We recognize the fact that cotton
Is the money crop OF the southern peo-
pie, and any situation which vitality
affects its value must be felt by all
lines Of commercial and industrial ac-
tivities. Hafi.
while the condition OF war in Eu-
rope gives rise to a situation which ia
serious, we believe that it can be
greatly overcome II all agencies, nat
ional, state and local, promptly and
vigorously respond to their respective
duties. ..s 80 3is
Your president. the several. execu-
tive branches OF the government, and
your senator's and representatives, are
exefting every effort to deviae Iaeans
by which the cotton crop, may be
marketed n naaa,e! e. siPr;Ga M4fsaPtaaa q: by
and not by a condition caused By the
European war. 4
"The important problems involved
In this situation are:
First: Transportation. It Is essen
tial that lint cotton, and cotton manu-
factured goods. should reach foreign
markets where they may be consGlneu.
We are confident congress will pass
within a few days an amendment tu
our shipping laws which will greatly
facilitate transportation. We have nu
doubt transportation facilities will be
available for cotton, and cotton manu-
factured goods within - a very saorl
time. .fr
Second: Consumption OF cotton.
The European war must necessarily
reduce temporarily the demand and
consumption Of our cotton. The state
department has cabicd our consuls
abroad for detailed information. From
the information we have received. We
are confident the consumption, domes-
tic and foreign, Of our cotton, will be
much larger than is generally sup
posed. The mills .of the United States
and Canada will consume approx
mately half of our production, and the
demand for American cotton by Great
Britain and the Orient will not be
greatly reduced. Great Britain con-
sumes nearly half OF our exported
cotton. Eleven million bales Of oLr
cotton should be absorbed by the
trade, even under the most aggravated
conditions.
'"These facts should be most reas-
surfing. and should entirely dispel the
idea that our foreign trade In cotton
will be wiped out, t-,
"Third: Money to market the crop
and care for the surplus. Already
the secretary Of the treasury has ar
ranged to deposit In southern banks
the sum of $4,000. He desires this
used especially to handle the cotton
crop. During the present week. your
congress has passed an. emergency
currency bill under the terms of
which not less than 1880. 600, 600 OF
additional currency Will be available
to meet every emergency which may
arise.
''The reserve banks, under the new
banking and currency act, will speed
lily organize. They will ACCEPT notes
secured by agricultural products.
insures ample money for moving the
crop and to care;for such d.:sssesS cot
ton as may come a.pon the mrrket,
and also to keep I'm operation the fat
tories and various industries neces-
sary for the consumotion OK the crop.
"The financial situation OF theecoun-
try could not do better, and when It Is
understood that tile treasury depart
ment stands ready to lend Its great
power to prevent a sacrifice OF the
cotton crop. feeling OF conf1denc1
and assurance should come to ns all
Fourth: Local Cooperation. Z The
agencies Of theisfederal government,
both executive and Legislative, are do
ing all possible to relieve the strain OF
the situation. While the power Of the
gOyernment is great IL should nor be,