The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1921-08-03
Bankers Endorse
Cotton Plan
Cooperative Cotton Market
ing Association Founded
on Business Principles

COLUMBIA, Aug. 2The campaign
fer the formation OF the South Car
Ola Cotton Growers Cooperative
Association to sell th cotton crop
OF South Carolina is being endorsed
by farmers, bankers, cotton manu-
faeturers and other well known
Business men The plan is de-
sclareG to be one OF good business
and meets with the approval OF
many OF the deepest thinkers in
the state.
Among the bankers of the state
who have written Harry G. Kanai-
.ner.l president OF the association,
endorsing the movement are ].
Pope Matthews, president Of the
Liberty National Sank Of colum-
3sia;; Charles j. Shannon, Jr. presi-
dent Of the First National Bank OF
Camden; and G. G.. Rowland, pres
ident of the National Bank OF
South Carolina, located, at sumter.
Mr.. Matthews wrote Mr. Kani-
ner as follows: 4sThe organization
of your cooperative association is
one os the best business PROPOSE
tons the farmersSof This state could
undertake at this tine and do not
know of anything that would De
more productive Of good results.
It certainly enables them to ope-
rate :...as, .aso,.,..ss-,s..esson st first
hand which they could not secure
individually, in other words 1t
sconsoEdates their organization
with a. nominal overhead expense
Which, of coursef eliminates a
similar organization on each farm"
Mr. Shannon wrote as follows. I
think it a movement tina promises
a graf deal for. the farmers of the
state and should be heartily sup
ported. =
Mr. rowland said in his letter:
se am heartily in favor OF the
cotton cooperative. marketing
movement. stand ready to CO.
operate in any way that ! can to
make this movement success.
Great the pity that a
movement of this kind had not been
started and put in operation many
years ago 5.
g. E. Geer, OF Greenville, presl-
dent of the Judson Cotton Mills,
endorses the movement in a letter
to President Kaminer in which he
says: Cotton manufacturers would
welcome as. heartily as cotton grow
ers any plan that woa1d bring about
an orderly marketing gof the cot.
crop. It is to be hoped that your
present plan viii succeed
Ross Hanahan, president OF
4he Planters Fertilizer and Phos-
phate Company Of Charleston,
sends strong endorsement OF the
Cotton in the past
has been marketed with less meth
cd than any other raw material
I know Of, said Mr.. HanahaE. 1T
IS raised. on credit and thrown on
the market for sale as soon as 1t
IS picked and ginned. There
coula be NO other result; than de-
meraIized prices. This day IS pc
ROD of cooperation in all Ines
Of endeavor. Cooperation VIII not
prevent the action OF natural laws,
but it viii tend to lessen destruc-
tive results that come from
chaotic conditions. Method in
meeting a; falling market viii often
save the destruction Of an indus
Try and if you can get the thoreusn
cooperation Of the grcMert OF cot.
ton in South Carolina alone, you
certainly win have done piece
Of work worthy Of life time.
Z B. ID. Dargan, prominent farmer
Of Darlington, declares in a letter
10 President hammer that "the
cooperative marketing association
IS in my mind our only hope OF
salvation"