The Dillon herald. [volume] (Dillon, S.C.) 1894-????, 1919-04-17
BIG COTTON CORPORATION.
President Wannamaker Says Hun
dred Million Dollar Company
Will be Organized.

of the South Carolina Cotton asso
citation. upon his return from the con
yention of cotton growers held a
Memphis.
"The result of the work of this con
vention will indeed be far reaching
which was largely attended. Not only
every state is consolidated IN the
movement for cotton acreage reduc,
ton and the holding of cotton fol
remunerative prices, but they are
determined to bring about conditions
that will revolutionize the entire bus
mess interest of the South and win
commercial freedom. / have given
the closest attention and study to the
organization OF the foreign exporting
corporation, the organization of this
corporation, with a capitai stock OF
S100 900. .00O-said stock TO be paid
in Liberty Loan bonds or cash. The
stock to be divided between eacn oil
the cotton belt in proportion te the
amount Of cotton produced in said
countries, will certainly bring the
south a complete change in business
methods. 1t will place the farmer in
touch with the markets of the entire
world; it will bring competition into
the market; will break up and abso7
lutely destroy concentration OF the
buying power in the hands of few,
which has largely resulted on one
buyer for cotton, and, Of course, he
has bought at his own price. 1t will
furnish financial relief to the farm
er. il being the function of this cor
poration to export cotton; to furnish
buyers and sellers for cotton; to have
agencies at all of the cotton buying
countries of the world; TO put the
seller in touch with the buyer; to
furnish financial aid; to cooperate
with and assist other exporters.
New Place in Exporting World.
This corporation will largely fulfill
the place in the exporting world, and
to a large degree in the banking
world to the south that the federal
reserve bank now furnishes to the
nation. Investment in the stock OF
this corporation will be taken in cash
or Liberty loan bonds, and feel con-
yinced that while it is not the object
10 form this corporation for the pur-4
pose of earning large dividends to the
stockholders, at the same time the
stock will certainly prove a safe,
sound business investment; and will
bring good direct cash returns and
will bring tremendous indirect re-
turns to the investor and the entire
south. The stock will be extremely
desirable and for this reason the cor
poration will be so incorporated that
it viii be impossible for large corpor-
ations to secure control of the stock;
it being determined that the stock
must remain in the hands of those
who ereivitaliy interested in an that
concerns the best interests of the cot
ton producers. Committees are now
actively at, work making a special
study OF plans and details. The cor
poration will be organized, and with
ali possible speed.
1t has been decided to make sale
of the stock through the various
banks and agencies of the south in,
the same manner that Liberty loan
bonds were handled The organiza-
ton of this corporation will mean in
the end commercial freedom; it will
mean that we will get remunerative
prices for our cotton and in my hum
BILE judgment. means a price far
above the price generally held as a.
remunerative price. r,
Acreage reduction and holding Of
cotton for remunerative prices and
conditions through the cotton belt:
As result of not only close per-
sonal inspection and investigation
throughout quite number of the
leading cotton growing states, but as
a result of additional personal inter
views with representatives from every
section of each of the cotton growing
states. / find that the campaign for
reduction Of cotton acreage and the
holding of cotton for remunerative
prices is thoroughly organized the
entire belt. The cotton acreage for
1919 will certainly show the biggest
reduction in the last thirty years.
People are thoroughly aroused to the
situation, and in many sections they
are, cutting cotton, even beyond
.3s 1-3 per cent. They realize that
lands so reduced can properly be
planted in food crops. Tfss campaign
among the farmers signing pledges
to discontinue after this year orders
to the west for grain, hay and other
food crops in sweeping the country"
DISCHARGED SOLDIERS.