The county record. [volume] (Kingstree, S.C.) 1885-1975, 1919-12-11
TO ORGANIZE BIG
COTTON COMPANY
SOUTH CAROLINA ASSOCIATION
VOTES TO ESTABLISH BANK
AND EXPORT CORPORATION

At the meeting of the South Caro-
lima Cotton Association held in COL
umbia last week resolutions were
adopted providing for the formation
of a banking. trust and export cor
poration capitalized at S2,OOO,OOO to
handle the cotton of the State, and
put itself on record as favoring the
diversiication of farming so that
only surplus acreage would be plant
ed to cotton recommended certain
legislation beneficial to the cotton
planters, ipclading the assessment OF
twenty-five cents on every bale OF
cotton, to be applied by the State
warehouse commissioner to an insu-
rance fund to reduce the insurance
on cotton, and the creation OF cot
ton commission. The association also
thanked various public Officials, officer
of the assoc ton, the press and 9TH
er agencies )r their untiring zeal IN
the movement for an increased pl1ce
for cotton.
There were fully 500 delegates
present from every county in the
State.
R. Nj. Mixson, of Wilhston, was
elected president of the association
to succeed J. Skottowe Wannamaker,
retiring president; J. H. Claffy, OF
Orangeburg, vice-president; Mrs.
Hugh r. Clinkscales, of Columbia,
secretary, and J. T. Mackey, of Cam
den, treasurer.
s The central committee will consist
af the following members from each
congressional district: First B. F.
Mcleod, of Charleston; Second, Geo.
L. Toole, of Aiken; Third, John P.
Stribling, of Seneca; Fourth, J. b.
Cannon, of Spartanburg; Fifth, L. l.
Guion, of Camden; Sixth, T. L. Man
ming, of Dillon; Seventh, T. ]. Kervin,
of Sumter.
J. s. Waunamaker, j. H. Claffy and
B. F. Mcleod were reelected as South
Cardinals members on the board OF
.dIectors of the American Cotton AS
sociation.
Throughout the three sessions OF
the convention, morning, afternoon
and evening, prominent men deliver
ed addresses dcpreciating the future
.of the cottoa crop and predicting that
the ultimate fate Of the industry lay
in the hand Of the farmers, who could
control the situation by organization
and an adequate system Of holding
in warehouses. The keynote of the
convention was the assertion that 1t
was an economic fallacy to dump the
cotton crop on the market at one
time, that the correct method was to
warehouse it and gradually feed 1t
to the consumers throughout te
twelve-months period.
Among those who delivered address
es were: Walter B. Brown, editor OF
the New York Commercial; E. d.
Smith, United States Senator; Har-
vey Jordan, of Atlanta, campaign di-
rector of the American Cotton Asso-
ciation; Gel. T. J. Shackelford, OF
Athens, Ga, treasurer of the Amer1-
can Cotton Association; former Con-
gresham A. F. Lever, commissioner
of the Federal Farm Loan Board; d.
S. Murphy, of the Bureau Of Markets.
United States Department Of Agrl-
culture.
Following the passage Of the reso-
luton providing for the organization
of the banking, trust and export cor
poration, the following committee
was appointed to organize the pro-
ject: B. Hart Moss, Orangeburg,
chairman; F. D. Bates, Orangeburg;
John L. McLaurin, Bennettsville; d.
d. Wannamaker, St. Matthews; R. /.
Manning, Sumter; Lee G. Holleman'
Anderson; A. J. A. Perritt, Darling
ton; B. C. Matthews; Newberry; D.
R. Coleman, Winnsboro; Charles H.
Barron, Columbia; Lowndes j. Brown
ing, Union; R. B. Laney, Cheraw; j.
/. Swinton Whaley, Charleston.