The herald and news. [volume] (Newberry S.C.) 1903-1937, 1914-08-25
RESOLVE TO HOLD.
COTTON FOR IS CENTS
STRONG RESOLUTION ADOPTED BY
STATE COTTON CONGRESS
Committee Named to Look After
State Warehouse System.

~ AVUh
State Warehouse System.
News and Courier
columbia, Aug. 20.-The farmers OF
South Carolina shall hold their cotton
for II 10 cent per pound, nor shall a
bale be placed upon market prior to
October 1, unless offered II cents for
it. Such is the sense of the meeting
of representatives of the farmers,
bankers, merchants, cotton seed and
mill men, who met in Columbia today
and organized the South Carolina div
ision of the Southern congress. 1t is
also planned to reduce next years
cotton acreage to so per cent, planning
eight acres to the mule be exempted.
DR.. Wade Stacknouse of Dillon, who
was elected president of the South
Carolina division, introduced the fol-
lowing resolutions which were en-
dorsed by the resolutions committee
and unanimously adopted in the fol-
lowing form:
Resolutions Passed.
Whereas, from 100000 to 5,OOO,-
900 of this cotton crop is. going to
be a surplus, more than the mills of
the world will spin, and will need to
be carried over into next year by the
farmer or his friends:
"Resolved, That the South Carolina
cotton congress adopt the following
plan, and recommend it to our sister
cotton producing States:
"We suggest hat at the eraliest pos
sible moment every cotton farmer be
canvassed and requested to- store one
third of his crop in secure ware
house and fully insured so that he can
obtain a loan on it.
That at the time he is canvassed he,
be requested to hold this part of his
crop for a minimum price of II 1-2
cents per pound, basis middling and
that he give power of attorney to hold
er of the warehouse receipt, authorfz-
ing MIN to hold tie cotton for period
of one year if necessary, and sell only
in the event he can get minimum
price of IL 1-2 cents.
"When the canvass of the county is
completed if it, be found that as much
as one-third of this years crop has not
been pledged the business men o. that
county ought to be asked to store
enough cotton to make up that coun-
tvs share.
~ is agreed and understood that if
as much as 100000 bales are not
pledged in the cotton States eacn
mans pledge is to be returned to him.
1--WE believe if we can get pledged
ard put in warehouses one-third Of
this years crop fixed by power Of at.
| .orney, so that it cannot be sold for
less than u 1-2 cents, that the remain
ing two-thirds can be sold by the
farmers themselves, without aid to
| finance.
Loan on Cotton.
"fn the event we can get pledged the
minimum of 100000 bales proposed
above that we call on merchants
bankers and other business men to see
that a liberali lean is made on cotton
so placed. At the same time that
| the township committee secures the
pledge to store one-third OF this crop
we recommend that each farmer be
asked to sign a pledge to reduce his
acreage so per cent, which acreage
with intensive methods Of cultivation,
will be sufficient enough to supply tne
worlds needs when the amount car
ried is taken into Consideration. No
one is to be requested to reduce his
acreage if he plants not more than
! e:gth acres O.: cotton to the plough.
This pledge to reduce acreage shall
also become null and void if the can
vass fails to retire one-third of the
crop for the minimum price of u IL
cents"
DR.. Stackhouse also Introduced the
ollowing resolution, which was adopt
ed: Resolved, at the South Caro-
lima cotton congress endorse the prin-
cir,es of,what is known as the Farm
ers' Union warehouse bill.
Resolved. That we request that no