Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1919-01-27

to be sampeded, ignored the wolf" cries enc
mics, and retained firm hold their property 1t is
matter OF still more recent TACT that the raiders al
though defeated, altogether beaten.
1t be admitted that relief for the spot holder
coming Export tonnage increased as antcipat-
ed and regardless te amount OF shprooo availabl-
the expectation of cotton has been ruhessly stranged
by the import restrictions maintained by foreign gov
ernments which during the war were our friends and
allies and by the pratica freight which being
charged for ocean transportation. We barred Ly
these friendly nations from selling direct their
citizens who anxious to buy cotton The war
and all submarine peril is eninat 81, yet
tie present peace freight rate to Liverpool is approx
lnatey $50 per bale against the pre-war ap
Eroximatey 81 per bale. In the meantime the
o7 planting the next crop is coming or apace and in
nsequence necessity cashing years crop
becoming acute.
'Predicated upon the Encouragement of the spot
holder caused by the array of interests and circum
against him and aggravated by the export situa
ton and the imminence of crop preparations the
cheap mercenares have chosen this the psyche
logic moment for another sand baggng endea1or This
attack can frustrated efectualIy the for
T. err but in this case somewhat than forti
tude IS required Then it necessary only to hold
now it is necessary hold and strike If spnners
and hear spectators right (Which they not
that IN the present relations of supple and demand
entitled to price which covers the cost Ct
productIor then correct this lnequly and Sc
cure moi only the of production, bu. handsome
profit both this and the next by holding
The 11esent supply and curtailng the next crop by
whatever may be required to earf1 over.
The nfallible plan, therefore upon which the sal
walton of the cotton holder may be worked out is;
Hold present supply until spinners an bear speech
lators come begging for it, and
Cut crop production lin order to be perfectly
safe to a maximum of nine million bales.
ut will be claimed by our adversares that such
strctive course only impracticabe but immoral
We will all be told that regulate production,
and that if could it would be sin t. restrict
the poor supply of clothing and the spnners
supply of dividends and diamonds. unhesitat
ingly that only materially curta production
but that adversares prevail in their campaign FOR
cheap cotton, production will be radically reduced
gardless efforts in the premises; and say with
entire approval of my conscience the present
emergency deliberate drastic in production is not
immoral, but righteous.
The only effective toward d1snite curtaiment
in production which may deliberately in ad-
lies in reduction of the acreage planted cotton
Experience has demonstrated the futility of at
temps to organize the farmers in effective movement
for acreage curtaiment The this is because
great multitude of individuals scattered vast
territory and acuated by varying motives be
gained bound a purpose This is one i'm
portant respect which the spinning interests have
tremendous advantage the producers in contest
between the two The former is much compact. |
Therefore do not expect desired to proceed
any hackneyed resolutions adopted by limited number
of farmers banded together for the purpose
THE power to regulate acreage lies in the hands of
those who advance the wherewth great part of
the crop made, o-wit the bankers, the merchants
and the factors The credit agency of the South much
compact than producing interests and can be
more readily organized
Furthermore, 1 have herenbefore stated, if the
holdings from this have be sold the basis of
July futures to-wt around 21c, if it has be
ried into another and sold the basis of Oc-
tober futures o-w under Zoe the financial agen-
ces will not have to organize to curtail
vances and acreage because such curtament will
low of necessity. Still further every banker merchant
and factor in the South that under present and
prospective labor and conditions cotton cannot
vi
probably produced for zoe per pound, and unless,
that the could be produced at a profit it is I'M