Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-04-14
SAPIRO SYSTEM
OF FARM MARKETS
TOLD BY AUTHOR
Continued From Page y

Gre selling California eggs on the
! London market. Why? Because g.
! 100000 hens are tied with the Cal
ifornia cooperative contract. we
have worked along certain fundamen-
tai principles, and these principles
are just as applicable to the cotton
growers industry as they are to
any industry in the state of Califor-
MIA"
Discusses Cotton
Applying the plan to the market
ing of cotton, Mr.. Saplro, declared
that he was not interested in the
viewpoint of the cotton Spectator.
He emphasized the following points
as being of prime importance for
the successful operation of the CO.
operative marketing system as ap-
piled to cotton:
Grading, prevention of weather
damage, reduction of differentials
between grades, elimination as far
as possible of the present margin
between the price received by the
frower and the price paid by the
spinner
Mr.. Sapiro asserted that the price
Of cotton under the present system
o marketing is fixed by the specula-
tor rather than by the law of sup
ply and demand, that four of every
five transactions on the New York
Cotton Exchange are purely for
speculative purposes.
Continuing his exposition of the CO.
operative marketing plan he said
that ultimately the cotton growers
of each state would be organized
into a cooperative marketing asso-
citation, and that each state associa-
ton woul dbe federated with the
others to form q cooperative cot
ton growers exchange, which would
sell cotton direct to the spinners of
the world.
ut is not necessary to control all
the cotton in teh world" said Mr.
Sapiro. ''The United States pro-
duces sixty per cent of the world s
cotton and if we can control the
bulk of this we can control the
an arbitrar yprice, for that would
not be god merchandising, but it is
our object to see that every cotton
grower gets a fair and reasonable
margin of profit on his product"
Oklahoma Signs
At this point kilograms were read
showing that $4,000 growers in Okla
homa have already signed up, repre-
sentlng 100000 bales of cotton, while
organizers are now working in
Texas, Arkansas, Arizona, Mississippi
and North Carolina.
The cooperative marketing con-
tract, Mr.. Sapiro explained, contains
the following features:
The association is a non-profit or
ganlzation and has no capital stock.
It is exempt from the Sherman
antitrust law, and only bona fide
cotton growers or landlords paid in
cotton, are eligible to bership.
The state would be divided into
twenty districts, each district repre-
senting one-tWentieth of the total
crop production of the state Each
district would elect one representa-
tive on the board of directors, while
three additional directors would be
appointed by public officials.
An executive committee of from
i've to seven members would handle
the business Of the association.
Each member of the association
has one vote, and an entrance fee of
SIS is charged.
The contract does not become oper-
atiVe until 100000 bales of cotton
has been signed up, which must be
by January /, 1922.
The cotton grower entering the as
ISOLATION agrees to turn over his en-
tire cotton crop to the association
for a period of five years. All cotton
Is graded and pooled according to
grades.
The association is given full pow
err to sell all cotton in any part Of
the world. The proceeds of such
sale being divided among the grow
ers according TO the number of
bales each member has put into the
pool