The Birmingham age-herald., 1920-10-29
JEFFERSON JOINS IN
 THE AMERICAN COTTON 1. ASSOCIATIONS PLANS
tContinued from Page Four)

market and the price was lifted to 4: cents. This year the crop was made on Accent basis, the farmers planted and employed their labor at high fig ure. We will hold our cotton for the very simple reason that we cannot afford to sell. The market will go back to 35 or 40 cents. We were never in a better condition to hold in our lives than we are today
 After the election is over the officials of the American Cotton Association are going to meet and as a result of that meeting campaign against selling vii be launched. We are going to preach nc selling until we practically close the mar ket because we can hold and the con- sumers cannot. Southern farmers can tic up 7,0OO,O bales and force the consum- CTS to give us a fair price for it. We will invite William G. McAdoo to do the same thing that he did in 1915, namely helr to raise s5,OO00 900 bond to tide the growers over.
 THE IMPORTANT ONE
 'The farmer in the south is our most important citizen from every standpoint. said the chairman, B. M. Allen. 'He is the conservative element which makes the backbone of our civilization, and he should be given fair chance to do busi- ness and fair price for his produce.
 f"Every cotton crop that comes in down here is the subject of speculation in Wall street until the farmer has absolutely no say for what price he shall sell his cotton. Up there they exaggerate the size of the crop; they minimize the size of the market; if they have a strike in England or a riot in Ireland it is used as a bludgeon in the cotton market. But one thing is noticeable, as soon as the crop is out of the hands of the farmer it begins to enhance in value immedi- ately."
 w. H. Green, state secretary of the as- sociation, in addressing the meeting, said:
 q am laying before you business men of Birmingham today problem that IS just as near to your hearts as it is to the people of the southern part of the state. The farming element is the basis of our civilization, and while the average farmer Knows all about farming. he is as a rule woefully ignorant on the subject of marketing his crop. The American Cot ton Association is the only one that has ever been devised for the protection of the farmer that is broad enough to rec ogniZe that the farmer needs the busi- ness man and the business man needs the farmer in order to make the prosperi- ity of this section assured"
 The crop this year was pitched or 40-cent basis. It cost approximately 34-eents for the growers to make theil crops. and if they are forced to sell fol 20 cents or less, not only they, but yol will suffer from the depression. You business men and bankers who have advanced money on cotton crops will have to wait for your money, for ths farmer will not have II.
 ''The price of cotton cannot be raised by any radical means. We do not die tate at what price it shall be sold, but we do advise unity of effort and the banding together of the citizens wht must rally to the support of the asso- ciation and back the farmers to a man. Our chief aims in this association art to establish bonded warehouses ant promote diversification of crops so tha at no time will the market be flooded with cotton.
 ''The bonded warehouses under tn, federal act are bonded for $50. 900. ane are authorized to issue certificates tt farmers for every bale of cotton stored telling the grade and staple of the cot ton.9 On these certificates the farmer. are enabled to borrow 80 per cent O the value of their crops and in that way | can hold the cotton until the price. go up. These certificates issuet in bonded warehouses are vouched fol by the American Association. and ar, -