Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1919-08-19
UNFAIR DIVISION.
Cotton Producers Receive Less Pro.
lit Than The Spinner.
FIGURES SHOW ACTUAL CONDITIONS

fOr Sotton ano otiii wake Soou
Money on Their Invsstnsnts-cot-
ton Market 10 Manipulated by
Gambling Operations Without Re-
gard to Supply and Demand.
The following has been issued from
the Columbia headquarters of the
American Cotton Association:
The American Cotton association
through expert representatives has
secured detailed information showing
the earnings of various cotton manu-
facturers in America since 1914. This
statement is truly startling. The re-
lations between the Southern Manu-
facturers and the American Cotton as
sociation have been extremely friendly.
We have not the remotest intention Of
criticizing them. However. with the
statement Of earnings referred to
above, it is absolutely impossible to
reconcile the price paid for raw cotton
with the profits made by the ,manufac-
turers. These earnings in many cases
are stupendous and are certainly safe
barometer In judging the ability Of the
mills to have paid a higher price for
the raw material. We have no quar-
rel whatever with the mills for making
enormous profits. If they have violat-
ed any law along this line we are not
even criticizing them. At the same
time, however, we do feel with this
information before us that the pro-
ducer was entitled to far higher
price than has been paid for his pro-
duct, and with information before US
concerning even recent earnings, we
unhesitatingly state that the producer
Is not receiving fair price for raw
cotton. These figures showing the
earnings of the mills are absolutely
correct and official.
In addition to information concern
ing the earnings Of the mills. our rep
resentatives have secured great deal
of information concerning manipula-
tions in the cotton market. These
manipulations have cost the producer
millions. Dry goods continue to ad-
vance. The demand is far greater than
the supply. Still, regardless Of this,
under the agitation. the prices for the
raw material are beat down. Itwould
seem that all laws against manipulate
ing the cotton market and depressing
cotton prices are dead. Show us q
single instance Of prosecution for de-
pressing the price. We can point to you
many violations Of the law Of supply
and demand by fragrant manipulation
which resulted In unjustifable depres-
sfons. Truly some Of these fnantpula- Z
tions are truly startling "a revelation,
It is necessary to refer to the fast that
men who have bulIed the cotton mar
yEet have most Invnrlab.y been prose-
cuted, while men who have beet 1t
down have never been prosecuted.
Why Is this7 what Is sauce for the
goose should be sauce for the gand-
err"
Statistics secured from the very best
source on production and consumption
render it impossible to reconcile pub
lished statements showing enormous
surpluses. Why is 1t that these sur
pluses fail to show the amount OF
spinnable cotton? This Is due to the
fact that the producer is without
friends.
Experts of the American Cotton as
sociation are working along all OF
these lines and every effort possible
will be, used to protect the interests
of the producer and a thorough and
official investigation would reveal
startling conditions.
The large packers are today conceiv-
ing what they are due. Why not clean
out the entire stable? 'Tt Is a poor
rule that does not work both ways"
A man who boards food and profiteers
upon 1t most assuredly should be pro-
secuted. The manipulators who beat
down the price Of cotton, which has
been produced by the toll and sweat
of the farmer, most assuredly In like
manner should be held to strict ac-
count. The packer charges such a
price that the consumer cannot buy.
The manipulators beat down prices to
starvation figures so the producer has
not the money with which to buy.
This Is six Of one and half dozen OF
another-no distinction. Remove the
grip of the manipulation today; permit
cotton to respond to- o'the law Of supply
and demand; many people will think
that the days of miracles have passed.
Men in their greed and selfishness can
violate and manipulate laws, causing
the veal to suffer and escape punish
ntent. However, they cannot violate
continuously the laws Of God. which
are Interchangeable. Artificial mani
pulated supplies will not furnish cot
ton or run the mills.
Watch the deterioration in the grow
ing crop after August 18th. 1 firmly
believe that God Almighty takes care
of the work. We are facing the small
est crop in the last twenty-five years.
w ltN Tic pTSSSul dSueC ioboi SoA
tions, it will be impossible to gather
this crop except extremely slowly. This
will result in a small percentage Of
good grade cotton. We are in the
midst of the greatest imitation in cur
rency ever known in the history OF
the world. The manipulation cannot
change permanently the laws Of supply
and demand; the laws Of nature in
production; the law Of imitation; which
are Interchangeable as gravitation. "All
things come to those who wait. DO
not be frightened; do not be stamped
ed. There Is an enormous untitled de-
mand for cotton before this time next
year. Cotton Is worth far more than
the highest price it has brought since
the commencement on the war. The
mills could have paid far higher price
for every pound of cotton spun since
the commencement Of the war and
still have made enormous profits.
We have a new era; new dispen-
sation. During the past year. "a
thousand years in Thy sight is but as
vocterdoy" has been verified One