The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1915-08-17
Galveston Cotton Conference De-
clares Fleecy Staple Should
Bring from sl-2 to 10
cents for Farmer
DWYER REPRESENTS
BANKERS OF OKLA.
Says Both Small Yield and Cooper
ation in Marketing will Make
This Years Crop Profit
able to Planters


resources OF the south, together with
cooperation between banker, mer
chant and farmer. and courage upon
the part OF the latter to hold his crop
viii mean marketing price of from
nine and half to ten cents for all cot
ton of the south, thinks T. H. Dwyer
of the Chickasha National bank, who
has Just returned from the Galveston
cotton conference. Mr.. Dwyer, as pres.
ident OF the Oklahoma Bankers asso
citation, represented the banking inter.
ests of this state at the southern con.
ference.
Six states were represented at the
meeting held on the gulf Saturday.
Others besides Oklahoma being Texas,
Arkansas. Louisiana, Mississippi and
, Georgia. A hundred leading cotton
men. bankers and financiers OF the
south met for discussion Of methods
OF keeping cotton money in the south
and on the farm. They took steps by
which an active campaign will be start
ed at once for the holding OF cotton
by the farmer in bonded warehouses
and the marketing Of II twelve months
In the year instead OF three.
with the aid Of the federal reserve
bank. the south is amply able to take
care Of her cotton crop" the president
of Oklahoma bankers said this morn
ing. Bankers first of all must cor
rect the part OF the situation they are
responsible for Most all farm paper
is made payable October !. This
forces the farmer to dump his staple
on the market just ls soon as he can
get 1t picked Bankers must extend
the paper and enable the producer OF
the crop to hold 1t until he can realize
reasonable price
Merchants must cooperate in the
same manner. Notes from farmer to
merchant usually are made payable
early in the fall. Banks must do their
part and permit not the speculator but
the farmer himself to keep his crop un-
III he can get the best price the mar
ket can pay"
AS to present prospects for crop
this year, Mr.. Dwyer declares that re-
poits from all over the south we're tc
the effect that this years crop would
be very small. Il know that prospects
are not very good in Oklahoma be-
tween here and Red river" hc said.
''and that prospects between there and
Galveston are not nearly so good as
they are in Oklahoma" Bankers and
cotton men from every section gave
the same report. There is absolutely
no danger OF surplus this year. The
crop cannot but bring good price il
only there is the proper management
of marketing Methods
Bonded warehouses are an absolute
necessity to the holding of the crop,
all at the convention agreed, the local
banker says. Cotton held on the farm
where it often has neither shelter nor
insurance is not good security nor does
Il show any better business method
than the dumping Of the stuff on q
dragged market. The staple must be
stored in bonded warehouses where in
surance apd shelter can be provided al
very loN rate.
A continuation of last years grea'
campaign for warehouses is being car
ried on all over the south, reports al
the convention declared. Bankers ant
MERCHANTS are realizing dat they mus
aid the producer to hold his cotton oi
the northern spectators will reap al
the profits Of the crop Farmers arr
.heeinning 70 realize also that the.
must hold back from the early market
A hundred thousand copies OF th'
resolutions passed by the convention
are to be printed and distributes
among bankers and business men o
the south. Then each state is to b.
represented week from Friday a
Birmingham, Ala, where wv p. g
Harding Of Washington, u, c., membe
a the federal reserve board, will NEE