The Bamberg herald. [volume] (Bamberg, S.C.) 1891-1972, 1919-11-13


doctor, dentist, whatever you may be
to make both ends meet. How your
living problem grew to proportions
which made solution seem impossible.
There were those among you who
did not know how they could meet
the grocery bill.
$50, your own future. your own
success, your most vital interests are
wrapped up in the well-beirs OF the
cotton producer.
"As he succeeds, so in large degree
is your success measured.
1T is up to you. it is your duty. il
for personal and selfish reasons alone,
20 join the American Cotton Assoc!a-
ton, and lend what assistance you
can to that organization which pro-
poses to emancip0te the cotton pro-
ducer, to emancipate you, to emsncl'
pate the business South.
"The opportunity for that emanci.
patton is at hand in the plans Of this
association.
THE American Cotton association
proposes to bring commercial free
dom to all the South; to so change
rural conditions that the farm will
both attract and hold the white man.
"It proposes to have representa-
tives In every cotton consuming coun'
try to keep you posted concerning
supply and demand.
1T will furnish advance fnforr1a-
ton of the worlds cotton needs, so
that planting may be made to accord
with them.
1T will tell its members of supply
and demand at all seasons; of.sfop
conditions; Of the cost Of ma3Hac-
turing; Of the market prices ef cot
ton products, in fact, all information
which is necessary to enable the
smallest planter to conduct his opera
tions on a purely business basis.
Through it's publicity department,
and, as soon as possible, weekly
newspaper free from politics, it will
keep both producer and consumer
fully informed about cotton, its pro.
duction, distribution, manufacture and
fair prices for material as well az
for finished products.
"Soil improvement. seed improve
ment, live stock improvement, these
and many other constructive functions
will constitute the great work Of tho
American Cotton Association.
Plans to Aid "Distressed" Cotton.
"The American Cotton Association
does not propose to stop there.
1T eontemplates taking steps
through the organization Of Domes-
tic Financing Corporation, to insure
the success Of its purposes.
1T will be the purpose OF the asso-
citation to assist in financing dis
tressed" cotton and to prevent its
accumulation on a market unable
promptly to absorb it, a condition
which practically every fall results in
a price depreciation far below tho
cost Of production.
In carrying out this purpose. the
association will have the direct as
sistance Of the Federal Reserve Bank.
ing System, and the influential aid Of
some Of the most prominent fnan.
cters In the United States.
1T will likewise assist in bringing
to its aid advantageously owned and
controlled warehouses in every cot
ton-growing state.
I'm these the producer will be abla
to store his cotton at minimum
cost, where it will be safe frclu any
pernicious control; and he will re-
ceive a uniform warehouse certificate
acceptable as collateral at any bank.
Through this system not only will
the producer be properly cared for,
but great financial assistance will be
furnished to the entire life Of the
South.
ITO accomplish these objects there
must be not only organization. but
funds with which to meet essential
expenses must be provided.
In order to raise these funds it
has been determined, first, to sell
limited number of charter member
ships at 500 each, payment Of which
exempts from all dues until 1923.
Next. the dues have been fixed at
25 cents per bale. based or she 1917
crop, for the producer; 25 cents per
$1,000 Of capital stock and surplus
for the banker or other corporation,
and for others, $500 per year.
Every penny OF this money will
be expended directly for the advant-
age Of the association and it's mem-
bers.
"The president and .other executive
officers of the association, are serv-
ing without remuneration, labor Of
love in which their reward will be
consciousness of duty we'll done.
"The big work in hand can only
be done through organization, the
thing the South has never before
known and understood az we under