The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1914-10-20

True, there are still plenty Of FAR.
Flooding along the old paths -
the other hand, there are so man ~
are thoroughly up to date-men v,.h
hourly market reports during s,A
ping SeaSOn-that the whole g..
la is evened. In every Soufhe~o
community there are armer ~
know the principles OF their hu~ne-
is thoroughly, who are as well pns,,F
who understand the laws Of er.r'
omics- of trade and finance as W. 80
the best Informed bankers in the IT, -
communities
The next point you are invite
consider is that this kind Of farm
positively refuses TO longer he m4ss
the goat
The farmer is not responsihl. ~
business conditions forced upon no
whole South by unexpected Eurona,
war. HE is reasonably honest, Urrh.
ably more SO than other business mto
He wishes and intends 10 pax
debts. but he does not ropos +. he
forced into bankruptcy simply ttt.
the other fellow may get his Tia
farmer as a business man has AVN.
crossed to that degree wherein H. tas
become about as selfish as his }.~-
ness associates and competitors. H..
is quite disposed to look out for r.~-
Der one and fairly we'll equipped fr
the job. Nearly a million Of him
are regularly reading the Ruralist and
other good Southern farm papers
This leads up to the next fact. Tho
Southern cotton grower has made an
his mind as to what is a price for
cotton d present unprecedented
conditions. n he is going TO have ,
or the world is going without cotton
A month ago cotton was quoted -
low as 6 Il tents and all reports end
ed with the statement: n sales
Today 9 emf is a common quota
ton with 10 cents offered in many
localities. We are still Informed that
there is mo general movement. few
sales" Bravo! Hurrah, Good Tor
the cotton grower.
August LIST the Ruralist said: Don't
be s~tampeded. Hold cotton. 1t VIII
soon be in demand at profitable
prices In every succeeding issue We
have repeated the injunction. Events
have proved that we were correct.
The important thing, however. is that
the producer is absolutely and unal-
terably fixed in this same opinion. He
is determined to stand by his ConxIc-
tons.
The cost of production is the mini.
mum value he has placed on his crop.
Offers below that. figure will be futile.
Every principle of economics. every
AOOS PoppIy oI0 10 JI~l-I|
this conclusion. The supplies on hand
by American mills are now practically
exhausted and mills are running full
time. Under date Of September 2lst
the Secretary of the Treasury off,
cia1ly reports: Foreign demand for
cotton is reasserting ITSELF The ship
ments from Galveston in five DAYS
were 27,215 bales. Shipments from
New York, Philadelphia and Savan-
{ nah have been resumed. The size Of
these shipments has been restricted
more by the unwillingness of the
farmer to sell than of the foreigner 10
buy.
: 1t will require a million bales to re-
place impossible jute bagging. Japan
is preparing to consume two million
: bales more tina ever before. She
: has a fifty year unbroken record Of
l making good in every enterprise seri-
ously undertaken. Low prices are
: never conducive to close picking. An
average frost will catch more than
double the average quantity Of uun-
opened cotton.
I When bankers stop charging inter-
est, and merchants furnish sup
plies at actual cost the farmer may
logically be asked to sacrifice his crop
to help the other fellow.
Meanwhile the cost of p~roduction =
the 1owestt price on this years cotton
. crop. Fair warning!