Pine Bluff daily graphic., 1914-10-13
COMMERCIAL BODY URGES BUY-A-BALE Southern Commercial Con- gress Takes Up Movement in Behalf of Planters. MUST EXERCISE CARE Senator Fletcher Eni0iMs Commercial Organizations Against Patri.
 ots' Money Being
 MiSused.
MUST EXERCISE CARE

Washington, Oct. 12.-Senator Dun can U. Fletcher, president of the Southern Commercial congress, has issued the following instructions to commercial organizations ofsthe South and outside of the South, with re- spect to the buy-a-bale of cotton move mcnt:
 You are hereby urged to take inn mediate steps for the organization of committee or clearing house to be assigned the duty of handling the purchase of cotton in your respective ccnters, With funds secured for this purpose. The committee or clearing house to be assigned the duty of handling the purchase of cotton in your respective centers, with funds secured for this purpose. The com mittee or clearing house should be charged with the responsibility of as certaining the needs of cotton pro- ducers and purchase cotton only : where real need exists and endeav- or to make as wide a distribution Of the available funds as possible, in order to reach the masses of smaller producers of the staple.
 The vital need of the hour is to as- sist in completing the harvesting of the present crop. Millions of bales are still in the fields and to a great extent it's value has already been ad- vanced to the actual producers. The aim should be, therefore, to reach the producers for immediate use in if nancing the further harvestings of the cotton in the fields and in en- abling the farmer to further liquidate his accounts with merchants, which, if done, will reach up to every phase of business and finance. Without a provision for the further harvesting Of the crop the producers will be un- able to meet their business obliga- tons and. therefore, will produce losses in every phase of business.
 Everyone Interested.
 Commercial organizations that have already organized clearing houses and those that take such action upon this advice are hereby urged to for ward to the Southern Commercial congress, Washington, D. C., a com plete statement of the local plan of organization, giving the names of the officials appointed for this service. | are urged to forward weekly reporti to the Southern Commercial congress, giving information as to the number of bales that have been purchased and the effect of the movement on the business life of the community. By receiving these reports from all parts of the South the Southern Conner cial congress will be enabled to tabu- late a south-wide statement and re- port on the results that have been at tained.
 The conditions confronting the cot i ton producers of the South is na- tional problem. Cotton now in the i fields represents values that will af- feet every phase of business and fi- nance and is just as vital to the bank CT and manufacturer, jobber and wholesaler, in the East and in the | West, as in the South, and more vital at this time to these interests than to the producer himself, as to a great extent the producer has already re- ceived the value of the staple in ad vances of commodities ard money.
 Wild RumOrs Retard.
 The buy-a-bale movement has been greatly retarded by the persistent rumors that Morgan & company and i other large financial institutions were arranging to finance adequate loans on 500O,000 bales of cotton. These rumors have produced deadly results, as business leaders were of the Opin- ion that the general purchase of cot ton in small quantities would not be needed as the situation had been fully met. The Southern Commercial con gross, to ascertain the facts, tele- graphed to Morgan X company and was authorized to deny the rumor This fact should be known through