Cheraw chronicle. [volume] (Cheraw, S.C.) 1896-2005, 1921-08-11
COTTON BLAZING TRAIL FOR
COOPERATIVE MARKETING
What The Grower Wants to Know.

Who can belong to the Association
A. Only men who grow cotton, or who
receive cotton, as rent.
Who will manage the Association
A. The directors, who will be elected
by the members, and who must them
selves be members, and have cotton
to sell. Whatever they do will be
done for the benefit of the cotton of
all the members as we'll as for the
benefit of their own cotton.
How will these directors be elected
A. The State will be divided into ten
districts. Each district will have one
director. The members in that dis
trict will vote at a called election
either in person or by mail, to say wht
their director shall be.
But there are eleven directors. Who
is the eleventh man? A. He will be
appointed by the Governor OF the
State.
Who will sell the cotton? A. The
directors will employ the best tech
nical cotton salesman they can find
for this purpose, and will oversee their
work.
What is the membership fee? A.
$500 This is the first and last MEM
bership fee ever to be paid.
What becomes of this money? A
Whatever part of it is necessary will
be spent in creating the organization.
That part which remains will go into
the treasury of the new organization,
to help start business. The member
ship campaign will be carried on by
the volunteer help Of interested grow
ers just as far as possible, so that the
membership fee can be turned over to
the permanent organization, when
formed.
Will the directors be bonded? A.
If the members so desire. In any case
the Sales Manager and the Treasurer
will be bonded.
What are the obligations of the mem
ber? A. To market all Of his cotton
through the Association for a period
of five years beginning with the 1922
crop.
Why the five Year Contract? A.
There are several reasons. One is to
insure that all Of the members stick.
Another IS to in,.re that the Associa-
ton will have a definite number OF
bales 20 sell, so that it can make good
contracts with mills over a period OF
years. Another reason Is that good
statesmen cannot be secured unless
they ere assured Of permanent Jobs.
Can a member buy cotton to sell
through the association? A. Yes,
when necessary to complete bale or
to handle a crop in which he has an
interest. No member v i'll be nermitted
to speculate through the association,
however, on the cotton Of non-mem-
bers.
Can member sign UP for half his
crop? A. He cannot.
How will the cotton be sold? A.
When delivered to the Association,
each bale will be graded and classed,
and, put in a pool with other bales OF
the same grade and class. These pools
of the same grade and class will then
be sold at the highest possible market
price, and as directly as possible to
spinners.
How does the cotton pool work? A.
All cotton of similar grade and class
is put into one lot. Each pool con-
tinues for one season. If all of the
pool is not sold or contracted for a
once, some may be sold at one time
and some at another, all at the be
possible price. II parts of the pool
are sold at different prices, these
prices will be averaged, and the aver
age value per pound secured for all
the cotton in the pool, will be paid
to each member. 1t is not fair that
one member of the pool should have
either a higher or lower price than
ovarv nthar mauhar snca neither the
Association nor any member is re-
sponsible for fluctuations in the mar
ket.
What is the penalty for failure to
sell through the Association? A. A
penalty of five cents per pound will
be collected from any member who
fails to market his cotton thorugh the
Association; an injunction will be Sc
cured to prevent further breach OF
contract; and also a decree will be
secured to require specified perfor-
nance of the contrct.
When will the membership Market
ing Agreement which the member
signs be in effect? A. AS soon as
enough members are secured to make
sure that the Association will have as
much as 100000 bales to sell.
What if less than 100000 bales are
secured. A. If this number is not Sc
oll r1Nn