The Washington times., 1921-04-20
UNITE TO HELP
COTTON TRADE.
Growers Organize Exchange on
Cooperative Plan for Sale
Of Product.
BRANCHES IN TEN STATES
Arrangements Made for Dis
position of 1921 Crop BY
New Method.
RANCHES IN TEN STATES
OKLAHOMA CITY, Okla, Apri

OKLAHOMA CITY, Okla. April
M.-A powerful, national selling
agency. for the American cotton
growers, which will be known as the
American Cotton Growers exchange,
. cooperative organization, will be
a biz factor in the worlds cotton
trade, under plans formulated and
tentatively adopted by cotton grow
ers'A representatives from ten States.
in convention here today.
STARTS BUSINESS AT ONCE.
Tho Organization, with branches in
ten large cotton producing States, has
laid plans to be the largest and most
important single business enterprise
in the world and concrete moves are
afoot to bring this plan to realization
within three years. The organizst tion
IL to start business at once.
The conference of cotton growers.
who have seen their product drop Is
per cent In value In less than a year,
man Of the executive committee of
Oklahoma Cotton Growers Co-opera-
tive sorganixation. which aas just COM
pIsted itA organization by signing up
zoo, 600 bales or the Oklahoma cotton
crop. under binding contract with
growers to deliver their production
to the association for the next seven
|years~s The Oklahoma association al
ready has set about arranging for
sale Of the 1924 crop under a contract
drawn by Aaron Sapiro, California at
torney and co-operative marketing
expert. Sapiro helped organize the
California Fruit Growers into CO.
operative marketers.
STATES TO COOPERATE.
The contract provides that the
Oklahoma association will JON witt
other State associations similarly
organized In the formation OF a ma
tional sales agency as soon as two
or more other State organizations are
completed. OF the nine other State
associations now organising under tho
Sapiro contract, 1t has become practi
cally certain, organizers here say
that at least two, the long staple cot.
ton groups Of Mississippi and Arizona
and probably Texas. AMI a general
cotton group. requiring minimum
signing up Of 100000 bales, will be
so organized they can enter the mar
ket with the 1921 crop. ether State;
now organising under the plan in
clude North and South Carolina. Geor
giA Arkansas and the long staple
groups Of New Mexico and California
The adoption of the detailed plan
here 10 Of an advisory nature, for 1t
Will have to be gone over and ac-
cepted by directorates of the COM
pleted member associations, the or
ganisers state. But 1t is being studied
with intereat by the cotton growers
Of the South, for the plan represents
the first south-wdde attempt to unity
cotton selling comparatively.
The Sspiro plan provides for a ma
tional selling agency to be conducted
by a board of trustees, consisting of
one trustee from every member asso-
citation, with an additional trustee for
every 100000 bales of cotton or major
fraction thereof in the member asso-
ciations' control
The national agency will have the
right to sell, under terms of the
agency, contract. the cotton Of the
member association, but to each asso-
citation Is reserved the right to make
Independent emergency sales.
The national agency, besides main
taining a general office which may
be located at Dallas. Tex. will have
branches for selling. financing, sta
tistical and other purposes In all i'm
portant world cotton markets.
WORKS THROUGH POOLS.
The selling system OF the national
agency. In relation to member ssso-
Citations, will bear much resemblance
to the system OF the. associations
themselves toward member growers,
in that IL will work through the for
nation of separate pools for all cot
ton Of the same season ans Identical
grade. Each association would re-
ceive a. percentage of proceeds OF
each entire pool In proportion to the
percentage Of cotton contributed to
the pool. different pool would be
created for each kind OF cotton.
II the state associations already
forming are successful in their orr
ganizatiop, delegates here say. they
will represent by 1922 q minimum of
about 5000. 900 bales. II the expert
ence of the Oklahoma group In sign
ing 100000 bales on a minimum re-
quirement of SOC. 900, Is repeated else
where, another million bales will, by
1922, be IN the hands 81 the proposed
u~~p~v fAderatio for world RI