The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1914-10-13

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The crisis which is upon the cotton producer
IN this time when war is taking its toll from
the agricultural, the commercial and the indus
trial life of the world has caused the offering
of many plans to aid in keeping the price of
cotton at a figure in some degree commensurate
with its true worth. In this country there is
recognized the immense importance of some
measure being agreed upon which will protect
cotton, and there is one in especial which is
now being considered which is held to be prac-
teal and practicable by men who are striving to
help in the present situation.
This plan is that of Festus j. Wade, of st.
Louis, whose proposition is that there be raised
a pool Of $3.50, 600, 900 to be loaned on cotton.
The Wade plan is regarded by President Will
son and others who have examined into the
matter of its merits to be one which will meet
the situation in a large degree. It is being con-
sidered by committees in various sections Of the
country and the outlook is that it is going to
receive the support of the financial interests
which must take it up in order to raise the large
amount needed.
OF the $3.50, 600, 900 required the South is
asked to raise one third, $50, 900, 900, and this
will make the proportion of North Carolina
$1,000, 900. This matter is to be taken up today
at Wilmin gton at a meeting Of the executive
committee of the State Bankers Association,
and Mr.. Joseph G. Brown, president Of the Citi-
zens National Bank Of Raleigh, who is also
president CT the North Carolina Currency Asso-
citation, has gone to attend the meeting. He
has investigated the st. Louis-Wade proposition
and favors it, being one Of the ten men desig-
mated by President Wilson to examine into the
matter. There will probably be a further meet
ing of North Carolina bankers in Richmond
this wool d1,ripr tho ~roa+ - ~ A-.-.
can Bankers Association to consider the matter.
Chancellor of the Exchequer Lloyd George.
of England. a few days ago told a deputation of
the Workers National Committee that it is not
at all certain that they are not a little prema-
ture in anticipating a very considerable amount
or unemployment as the war in Europe pro-
crosses, saying: THE demands on the indus
tries in this country (England) will be enor-
nous, but in the cotton trade the distress un-
doubtedly will be severe. That is the only trade
which has completely broken down thus far"
This view from England as to cotton empha-
sizes the need for plans to be made in this coun-
try 10 take care Of our cotton crop.
what Lloyd-George says is in line with the
views of those who are students of present day
affairs. They recognize that we are now meet
ing exceptional conditions and that these call
for exceptional remedies. Individuals, State
and Federal governments, must cooperate to
improve conditions in every wise and practi-
cable way. The St. Louis Wade plan for a
$15O,OOO,O00 pool to be loaned on cotton an
pears to be a most wise and practicable wav
to take care of the war-distress cotton situation
and we hope that this can be worked ONT s,c.
cessfully, for this would in a very large degree
meet the emergency which is upon us for the
protection of the cotton crop.