The dispatch-news. [volume] (Lexington, S.C.) 1919-2001, 1921-05-18
krsr lfERs WILL
HER STORM IN END
sasins s0nss x.orrsspondence. Atlanta
eurnal.)

IeSf In brief, there is a way
= IA exporters and business
snNSsi ao their part and not ex-
pfeaueer and the man who
do everything.
fbEsae Meyer, Jr., managing di-
= ssSsss,f ne war finance corporation,
Mclean, will go to New
padaytot meet with the COM
= arsled at the Atlanta confer
: o work out a system of fur
aancial assistance for agricul-
epening up of the export
I6xK KeIs discussing the cotton situa-
hero today, Mr.. Mclean esti-
IExaa nat from reports received. by
ard rom personal observation,
5{ssYsay cotton CROP will be at
= pareent below, that. of last
hssreduction includes volun-
EFcsffs IN acreage and Fertilizer and
"a AiOnsthat Will be due: 10 un-
ryprahls weather. conditions g. o..
Sx6 Mel eaais4td - sse55;s..ss.,.... E..-=.
bAliesa.that every financially re-
ss3n4fn5e American concern that de-
ee cotton abroad, either upon
S or long time credit, run
SIS IS long as twelve months, can be
: assaHfoadatea. AT the present time,
exports Of cotton are de-
~ ffof SO much for lack OF
Sc Eli3ties as for a lack of de-
a 3 brad for the cotton. The
Sd fsss Of Europe, like those
sr I'D running on short time and
iaa slack demand for, finished
81 d5ayerywhere, and the buying
M 6f Europe is partially par
Furnishing Credit
aFrEean said that commercial
a kG Hifd federal reserve banks are
.Td3a1fng credit freely for financing
.,s6fE bills maturing in ninety days
3ess. and the export banks and
corporation are furnish
gSfNltds for long time credits. Be-
a6g that the. most pressing prob
the cotton farmer is
supply a better system Of market
Mclean said the following
HpS should be taken:
Crop statistics should be made
ore relia BILE to eliminate undue
aenlation,@ with a government sys-
a of gra ding and classifying at the
6neries, where the statistics origi-
There should be esta bilshed a
sndard warehouse system, super
led by the federal and state gov
nments, as the key to the whole
arketing question.
COOPERATIVE marketing OF at least
part of the crop under the Cali
rnia plan" This, he said, would
sult in distribution of losses among
larger number of owners, reduction
selling expense, avoidance of ruin
Is competition, better, financial ar
and the sterilization. of
,ntracts in the nature Of firm COM
itments. .~o., ...
Mr.. Mclean believes the chief de-.
cts in the marketing. of cotton at
.esent include too many opportuni-
es for speculation too the detriment
the producer; too many middle
en-, making a wide gap between
.oducer and consumer; too much
niger Of a breakdown in methods Of
ling in times Of crisis. as at pres
It. ''''
"The solution Of present and future
said Mclean, must not
} left to the soil cultivators alone.
is the duty Of all classes. bankers,
erchants, exporters and the busi-
,ss populations generally. to contri-
lte to the solution. for agriculture
the basis of our prosperity. Cot
n production, Of course, is the basis
prosperity Of the south at present.
Solution Possible
''While the present conditions are
Imittedly unfavorab1e and difficult
solution, they can be solved by
e courageous and intelligent efforts
our people if they enter on the
SIX in a determined and united way.
'The prce Of cotton in the imme-
late future depends to a large eX-
Mt upon the reduction in acreage,
e consumption from now on both
re and abroad and the relative car
lover at the end Of the statistical
ar on July 81. Many authorities
no have attempted to estimate the
'obable carry-over on July 81, next,