The farmer and mechanic., 1914-09-22
TO HOLD SECURE !
SAND HILL COTTON
Loan Negotiated in Boston
Held. as Ample for Present
Needs

Aberdeen. Sept 20=After t..
longed and discouraeing efforts rs
borrow money with which To tn4rr.
the cotton grown in its territory tha
Sand Hill Board OF Trade has re-a-
tiated a loan which puts Il i'm position
to take care of the cotton crop ln tha
territory which the organization
covers. Hence while gloom may pre-
vail elsewhere the Sand ltill farmers
are feeling secure and tEaalllus their
stars that their community is So WeH
organized. As soon as it became eNi-
dent that the war would disturb thu
cotton market, President Derby call
ed q meeting of the Board OF Cover
nors Of the Sand Hill Board Of Trs.te
which is o federation made up NJ
sixteen towns in the sane Countrl. (
plan was put on foot by which the
board of trade could Warehouse every
bale of cotton grown IN the section
if necessary. The next question was
where to get money to Ioan on the
cotton when it was stored. The local
| banks were unable TO ct moue'-
through the ordinary channels Then
| Csc talk Of <1sernmen- mooney vas
| bcG9,n ~ tn press. The Board of
! Trade promptly put on it, spectaries
| consulted a few dusty tcmes Of law
| and North Carolina National Bank
! statistics, and grew sccptiCal about
| Uncle Sans being able to act as Santa
| Claus for the cotton farmers Of this
State. SO the Sand Hill folks simply
! gave the gentleman who wears the
| star-Spangled Cut-a-way credit for
trying to do what no other adminIs-
tration perhaps would have attempted
| and set out to save their own bacon
| through their own organization.
The Page Trust Company, a local
bank which is deeply interested n
| the welfare Of the Sand Hill section
offered to put up security and aSsat-
ed the Board of Trade that if a loan
to aid the cotton farmers could he
secured the bank would handle the
| money absolutely free of charge and
let the farmer have the money a.
| whatever rate the organization might
| be obliged to pay. With such pubic
spirited backing the president Of ttc
| Board of Trade went to New York III
search of money The security which
he offered was gilt-edge but he could
| secure no money although his pro-
position and his own financial stand
ing gave him ready access to the
best sources in New York City. lie
then went to Boston and put in an
other hard weeks work The case
seemed hopeless but Mr. Derby ls
mot man Of the quitting kind
and finally he got trail Of a forlorh
! looking opportunity to secure the
needed loan. He wired for re-enforce-
nents and Mr.. Frank Fage. prest-
dent Of the local bank, left for Bos'
ton on the next train.
TWO days later the secretary OF the
Federated board Of trade received tht
following telegram: Boston, Mass
9-l6-l4. Have arranged for loan o'
one hundred thousand dollars # necd
| vnh Z
meeting of the Board of Governor
for Saturday, (signed) Derby"
The Federated Sand Hill Board Z"
Trade covers a circular area ab"n
thirty miles in diameter. extendin-
from Carthage on the North to Eller
be on the South and TO Cameron Oh
J the East Samarcand is its West-mo~
town. Since much Of the land within
this circle is still undeveloped tn
loan secured will be ample for Tn
real needs Of the farmers. Anoth'
thlng that helps greatly is that ~
: Sand Hills are blessed with Divers
he'd agriculture. The sale OF fruH
! tobacco, grain and live stock Will ais
bring in a great deal Of money thu
season.
The people Of the Sand Hill coun
: try are finding every day that VIII
organization and cooperation tn"
can prosper under ordinary cOndi
uOnS and moreover that they ca
pull themselves out of hole IN a
emergency. Some Of the Sand III
D | farmers Will doubtless sell at an earl
? date. Others can hold their cotto
Tor better prices without aid. Bll
!. every person interested III the orSa
4 | nlZed effort that is being made
1 build up a real rural civilization !
the Sand Hill section is happy, b.
n cause the Board Of Trade has mad
| + hA fa bT &c oil
d barrassed by present conditions I
: | sleep soundly every night this IA
n and to eat three meals a day this VIE
S ter.