The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-10-24
MADE 70 R
MORA 7OR|UM OF SIXTY
DAYS ON COTTON SALE
:.(CIU| u
S | AA | |
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Montgomery, Ala. Oct. %. - Less
Shor than 120 days ago cotton was selling
nual for 40 cents; today only 20 cents is
Simpki M SUN % WIN piouuOe 10 -
ins c, cents will hiring two hlliop four
'his y hundred million dollars; if sold at 20
; nate cents win hrin, ono bllion tvvo bnn
- boys ared million loss of ono hiuion
n ins' tWo hundred million in four months
- and c viu hankr,rt o,,r sactior Onr lands
iis' and all other property, will depre-
ST 80 ciate in value our bankers, merch-
ii 10 tne ants, clerks laborers (organized or
I that unorganized) travelling statesmen, ho-
r l.eral tolls doctors factories schools
n, ~ churches. towns cities and railroads
al tdent win suffer and above all our farm
US lloh population will become disgusted and
Tpe me thousands will leave the farm never
i'll Euriuet tc return.
y letter This danartmant sent ont ouastion
"eii' naires the cost of producing this
clubs, cr,ton cron and tho average cost
lows: vas above "a cents per pound based
en- yield of 375 pounds of seed
per acre. Into this cost was figured
MT. rent of land, preparation Of land, fer
:" IRE tili2ing, planting, barring off, chop
lex Still ning boe,rv fighting ,yaeyils culti-
I Dear Naton nickine hauling to gin and
~ Siif market, ginning backsmithing, etc
=, moro Forty-four per cent of the total cost
ofler was for human labor Thus the bal
'at highe anoe ar 56 nor cent was an actual
w. state outlay of money out of the farmers
=, MN pockets or bank accounts. Fifty-six
=. SlaVe per cent of "a cents is 10 cents about
more the present selling price, which leaves
. mem nothing to the millions who produced
on, the ii. So the spectators, bear gamblers,
To- peet and peanut politicians asking us
NV, ests to feed and cothe ourselves and work
~. this eight months for nothing run
cf were has been made on our property. When
its state run is started on a bank the bank
ac We'll can appeal to state banking depart
pr We ment. which will take over the bank
its ton and give it time to make arrange
arr cruz, ments TO meet the emergency.
OF What would the bankers, merch-
aft O. b ants manufacturers coal operators,
so 1or railroads. newspapers, and all other
pr awa lines of business do if their assets
lig y-Nhic had been cut in half by spectators
tn +, the or manpulators in four months time?
fl trepr Thev would either break or close
twer up shop. Likewise the farmer must
In close up shop break. We do not
the want to break: the only thing to
LEO do is to close up shop. DO not sell
cthen a bale for sixty DAYS The mills only
III Tbe have "A sixty days supply of cotton
:" Fan on hand and if we hold till that is
an offe gone there win be the widest scram-
/ Ss kfurr hle for cotton the world has ever
ftha' seen If it is in the farmers hands
krer- the farmer will get his price; if it is
tthe I'M the spectators hands the specu-
:. q lator will fix the price. The mills
r clui are shutting down because the farm
ing er who sells is helping the bear gamb
:, mel ler ruin the market; the mills will not
n con buy on declining market, but will
Il q buy rising market
al sci The night riders may think they
pre- are helping the cause, but they are
r the injurng f. Cease destroying and let
q, hig the farmers gin their cotton so they
the can borrow money on IT,
ami Farmers keep faith with those you
n kn owe Turn the receipts, or If
the you do not put in warehouse turn
am over the cotton to the man you owe,
COZ IL he wants it. In turn, l beseech
he the business people to keep faith with
the the farmer and extend his notes or
th lend him money If he has the cotton.
DO There Is no better collateral than
cit cotton.
ins The American Cotton Association
"a advises me that the bankers and
IN; merchants throughout Alabama are
Ywt helping in the holding movement eX-
sI cept in few cases where they are
sc absolutely not able to do so.
w The world is naked and needs
moro than have grown, but can
yt not lay for it all at once. The cot
ye ton farmer is not profiteer. He
has never received more than 45 GENTS
Ia for his cotton and you can weigh
A tE shirts handkerchicfs, he'd sheets, and
y dress goods and you will find that he
r. pays from three tc ten dollars a
VI. pound for his cotton when he buys
i back.
There is the strongest holding move
ment In the south in its history. The
farmers are simply fighting for their
rights. and If they win and sell their
cotton for 40 cents against 20,
they will save one billion two hundred
Million II they sell at 20 cents the
$, bear spectators win take all the
- profit
To the business men and farmers
of Alabama Which side are you on?
Senator Conner who has loaned
two hundred thousand dollars to
farmers with which to hold their COZ
ton says, Tell the farmers 10 hold
their cotton till the cows come
home" Are there not hundreds OF
other patriotic citizens throughout the
south who will also lend the cotton
farmer money so he can receive at
least the cost OF production for his
cotton?