The Marietta journal and courier. (Marietta, Ga.) 1909-1918, 1914-10-23
U. S. SHOULD PROTECT CROPS.

On the first page OF this paper aD-
pears the call of Hon. j. NJ Gam
for public meeting to be held next
Saturday, October cath, for the pur-
pose of discussing and if possible de-
termining some method for the i'm
mediate and ultimate relief of the
cotton situation.
Every man in Cobb County that
should give his thought and atten-
ton to it so that some real good may
come from it.
The plain truth about the situa-
ton is that the second largest crop
in the history of the country has
been produced and about three fifths
of the world market has been closed
for its consumption.
The best way to relieve the situa-
ton Immediately is a very, very
hard thing to decide. 1t seems that
the National Congress cannot agree
on any of the numerous bills that
have been offered for relief and it
is doubtful if Congress will be able
to pass bill to this end.
1t is a fact, however that many
plans can be devised to control the
situation in future years and that
is what should be studied by the
people, public officials and bankers
so that any such emergency that
may arise hereafter can be taken
care of without loss of time or
money,
Some time ago the late Editor os
the Marietta Journal in one of his
letters from Washington outlined a
plan whereby the United States Gov
eminent could lend to the various
states on State bonds issued for the
purpose a fund for moving crops.
In our opinion no better plan can
be devised
There are times when the states
dened with low prices for corn,
wheat, cattle and other produce
This is a situation that cannot be
relieved by legislation because you
cannot control the elements and the
bounty of harvest by legislation.
However, you can provide a means
for caring for the over production
or for the lack of consumption,
which amounts to the same thing.
The only way TO provide for such
emergencies as are brought about by
such conditions of weather or COM
merce is to provide a means for stor-
ing and financing. 1t is Just as
simple as the manufacture of cloth
ing, shoes, hats or underwear. He
must run his factory all the year,
store up his merchandise until the
spring or fall season shipments are
due and then make his shipments
and collections. During the yea
he is running he must be paying for
raw material and labor and it seems
that he is always able to borrow
any money he may need to run on
until fall or summer collections are
made.
If a manufacturer can deposit
stocks and bonds and real estate
deeds as security to run his factory
and in turn the banks borrow from
the treasury on Government Bonds
why could not the State of Georgia,
Maryland or California borrow on
her own crop moving" bonds SUI
tlclent money from the Treasury
fund, issued for such a purpose, suf-
ficient money TO buy any of her pro-
ducts that through uncomfortable
conditions cannot be sold in the op-
en- markets of the world
What we are driving at is this:
The Aldrich-Vreeland currency law
provides about 50O,000,000 or
100000 of emergency currency
but it don't provide any decent way
for the producer of the wealth of
the nation to get hold of any of it..
1t has to come through too many
hands and too many commissions or
discounts have to be paid to get it..
That takes the value out of it so far
as the farmer is concerned. For in
stance, if you borrow money at six
per cent on cotton and pay the in
surance, warehouse fee, interest on
the loan and any other little Incl
oentals and then hold it a year or