The county record. [volume] (Kingstree, S.C.) 1885-1975, 1920-07-01
ENDORSE COTTON ASSOCIATION
Bankers Association Adopt Resolu.
tions at Meeting in Greenville

was very strongly endorsed by the
South Carolina Bankers Association
and the South Carolina Automotive
Trade Association at the annual meet
ing of these two organizations last
week. Both associations We're very
emphatic in their expressions of ap-
proval of the work being done by the
cotton body.
The resolution passed by the bank
ers at their convention in Greenville
follows in part:
Whereas: Under the leadership
and tireless energy of Hon. ]. S. Wan
namaker, of st. Matthews, S. c.,
strenuous efforts have been made
since 1914 to secure better and more
profitable methods of handling and
marketing of the cotton crop in the
South in the interest of the cotton
growers and the cotton industry as a
whole, and,
Whereas: Due to the above splen-
did and effective leadership backed
by the loyal support of the South
Carolina farmers, bankers and allied
business interests, the American Cot
ton Association came into organiza-
ton in the spring of 1919 with Mr..
Wannamaker as its president, and now
has a strong and forceful State Divi-
sion in every cotton growing State,
including Arizona; therefore
"Be it resolved: That We, in Con-
vention assembled, endorse in the
most forceful terms, the splendid eco
nomic aims and purposes of the Amer
lean Cotton Association and its mod
en constructive measures relating
to the building of cotton warehouses
throughout the cotton counties of the
South; to have these warehouses bond
ed under State or Federal law, and
to have placed in charge OF such ware
houses licensed, competent graders
and staplers, thereby securing cot
ton warehouse receipt of a higher
type for a collateral on loans and as
a safeguard to farmers in marketing
their cotton. We urge all farmers to
store their cotton and protect the sta
PIE from heavy losses of country DAM
age and in every way to unite to I'M
prove the present wasteful methods
employed in the handling and mar
keting of so valuable farm product
upon which the permanent prosperity
of the South so vitally depends.
Resolved further: That We endorse
the recent action of the National FL
nance committee of the American Cot
ton Association to secure sustaining
memberships covering a period OF
three years from leading business and
firms and corporations doing busl-
ness in the South, as a sound and
necessary temporary financial support
to the Association during tn, .riod
of completing its effective and perma-
nent organization of the cotton states
and counties throughout the cotton
belt.
"If the South is to stand four
square before the nation and safe
guard its own property, there should
be no longer postponement Of syste-
matte leadership in the formation and
execution of methods which will eco
nomically reform the handling and
marketing of the cotton crop on
basis which will parallel in efficiency
the most modern rules and regulations
governing big business interests. 1t
is clearly the duty of every interest
doing business in the South to aid III
sustaining the Association during the
period of development through which
it must pass while organizing the
various counties and enrolling the
membership of hundreds Of thousands
of individuals, who, as time rolls on
will for the years To come afterwards
Loyalty and faithfully maintain every
financial need of the organization.
"When the price of cotton IS pro1l-
table, bank deposits increase, ousl-
ness is safe and the whole commercial
life of the country is satisfying and
contented. To continue and make per-
manent this situation should appeal
with telling force to every banker
merchant, jobber, manufacturer or
dealer Going business in the Soutn'
To save the two hundred million dol
lars of waste now annually lost in the
handling of the cotton crop each
year should likewise appeal to the
South and entire Nation"