The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1914-09-17
BUY-A-BALE PLAN
STRONGLY FAVORED
Dwyer Explains Method Of Hand
ling the Crop Requires Money,
Cooperation and Courage
Resolutions Adopted
as

t. H. Dwyer. NJ f. Courtney, ]. A.
Julian and John Wantland returned
last night from Oklahoma City, where
they attended the state meeting OF
bankers, merchants and farmers. call
ed for the purpose Of taking some def
mite action or the cotton situation,
such action taAen amounting TO set
OF resolutions advocating concerted
action on the part Of the banker, mer-
chant and farmer to keep the crop off
the market.
The resolutions committee was com
posed OF 25 members finally, three be-
ing chosen from each congressional
district. Mr.. Dwyer was made chair
man of the committee and appointed
r. w. Rankin of Lawton to represent
the State Farmers union in the COM
mittee. From each district was chosen
a banker. farmer and merchant
and through the session OF several
hours, harmony reigned.
The advice offered by the delegation
as to the procedure in handling the
crop was TO pick out the crop, gin Il,
store II in a. bonded warehouse, take
the warehouse receipts TO the banker
or merchant, who probably hold mort
cages on the crop. In this way debts
may be lifted and funds raised, allow
ing financial arrangements to be made
for the planting and handling of an
other crop.
The curtailing of next years crop
was an item stressed a great deal at
the meeting. and il was urged that
every banker and merchant constitute
self-appointed committee Of one to
urge the various farmers to reduce the
1915 crop 40 per cent. That is, en-
deayor to make the acreage OF next
years crop so per cent of the 1914
acreage. The convention also asked
that the legislature exempt the 1914
crop from taxation, and declared
themselves strongly in favor Of the
Euy-a-Bale movement
"'The solution OF the cotton problem
rests with the banker. the merchant
and the farmer" said Mr. Dwyer in his
speech before the convention. The
successful handling requires money, !
cooperation and courage. The low
price OF cotton is not due to the bank
er. merchant or farmer in any way |
but because Of the European war and
its curtailment of the consumption
"rhe United States government will
not loan money to individuals to han
die the crop. but they win loan to the
banks upon approved collateral. That |
the cotton is being held off the mar
ket is evident. II enough is held back !
fair price, not a fancy price. but a |
fair price Of say to Sis cents will
come as sure as the sun sets
The resolutions adopted by the meet
ing yesterday were in part as follows;
First That we heartily indorse
the Buy Bale of Cotton plan, at 10 |
cents per pound. and urge all CONNER
cial clubs and business organizations |
TO designate the channels through |
which the cotton shall be purchased |
and to put forth their best efforts to
make the movecent nation wide, and |
we further recommend that each state |
al once perfect state organizations for
this purpose.
Second We see in the organiza-
tion of local bonded warehouse com
panies throughout the entire cotton
growing country one Of the very best
plans for holding and caring for the
present crop and we heartily indorse
and encourage such organizations.
"Third. We recognize the import-
ance of decreasing the 1915 cotton
crop and we believe that this can be
furthered by prompt and positive ac-
ton on the part of the land owners,
merchants and bankers Of the coun-
try, and we urge upon every landlord
that he refuse to lease land to any |
tenant who will not reduce his cotton
acreage at least 40 per cent, aud we |
urge every banker and merchant to