The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-09-23

A Georgla Factor Sees q Prospect
Of a Deficit In the Supply.

A Georgia Factor Sees q Prospect
Of a Deficit In the Supply.
To THE NEW York HERALD: Refer
ring to a recent editorial article In your
paper in which you figure an adequate
supply Of cotton for this Fears con-
sumption, to be derived from the carry
over from last years full crop and the
present admittedly short crop. please al
low me to go over the figures with you
and to mako some comments on sub
ject OF national and world Importance.
You reach your conclusion on a carry
over OF 100000 bales and a crop this
year OF 100000 bales. while spinners
talxings are based on a world in large
part still forced to wear the rags OF
poverty. Since you wrote an authority
In your city comes out with the following
careful summary: Carryover, August /.
1921, 100000 bales: less normal mil
warehouse stocks, 100000 bales (this Is
considered the irreducible minimum)
less linters. 100000 bales; less snaps and
bollies, 100000 bales; total. 5,150.000
bales: making the available carryovcr
10000 bales, and the prospective crop
Government Formulas. 900, 900 bales
prospective available supply. 100000
bales: prospective spinners' takings
12,5o0,000 bales; indicated deficit as OF
August !, 1922, 100000 bales.
Now, these 100000 bales will OF
course have to come out of the 100000
bales Of spinners' mill stock. thus re-
ducing the irreducible minimum to
ff.1. l<ar- mil
be nothing left but linters. snaps and
bollies. Now. pertinently. what Is an
irreducible minimum which has to be
and can be thus reduced? 1t is, briefly
three months supply-3,0 100000 bales
based on the worlds normal annual con-
sumption Of 12,0o0,00o bales. This three
months supply has to be held to pro-
vide for three months spinning before
a new supply comes In, for, as my
friend Mike Thomas Of Dallas says
'.the mills cannot spin rust" However.
we are dealing with American cotton
supply and demand and the world will
get through this year with the help OF
a diminished supply from India. Egypt,
Peru, &C., but not comfortably. az your
article suggests.
Now. what about next years crop?
Obviously it needs to be very large
Can we make a good crop again? we
evidently cannot unless the terrible boil
weevil which has now spread to the
limit of the cotton belt in 36 degrees
latitude can be destroyed or controlled.
It Is the greatest menace confronting
not only the South but our entire coun-
try and the world. for next to the food
of the world is the clothing OF the
world.
England, with the foresight born OF
her experience during our civil war. Is
trying out cotton in Abyssinia, and
France in the Sudan. We Of America,
North and South, with Government aid.
should unite in great effort to per-
petuate our cotton production. Our in
ternational trade balance depends upon
it, our great cotton mills, North and
South, and commerce generally demand
it, and it is indeed question OF COM
mercfal pre-eminence. The right poison
for rainy seasons must be found. Herein
lies the greatest chance for genius. Has
our Government tried poison gas not
deleterious to man and beast? Our peo-
pie have lost confidence in the use or
calcium arsenate. costly and washed
away by every shower.
1t is case Of "hit one hit ALL" Let
the War Finance Corporation with its
proposed committees. with the billion
dollar credit for farmers and stock rails
ers. interview also the cotton factors
and merchants Of the South who have
always advanced and taken care OF the
cotton planters of both races and are
the distributors OF money and goods
taking the planters paper as security
therefor. II this is done times will be
normal again and planting resumed In
the good old way, although 1t Is now
more OF a fight.
Factors paper became unacceptable to
the Federal Reserve Bank because II
was contended that it promoted the
holding of cotton for farmers. The good
friend of the cotton planter. the great
old time honored conservative institu-
ton, the cotton factor, became the male
factor! How can be reached or helped
the millions of small cotton planters ex-
ccpt through the factor or merchant?
Also I suggest that linters be elimi-
mated from cotton SlatlSllcS stS Ntiy HIS
leading. Linters cannot be spun but
are mainly used for ccllulose for war
explosives. The United States Circuit
Court Of Appeals in case OF fraud
(1s12) rendered decision. saying
'There is well known difference In
commercial recognition and language be-
tween cotton and linters." Our stats
tics are like a fraud continued. For in
stance, the stock ct Charleston Is given
out every day as around 100000 bales
cotton. while It is all Government owned
Iinters except about 10000 bales of cot
ton.
I have been In the cotton factorag'
business since 1872. We have to gt
back to 1885 to find a crop approx.
mating this. In that year with 20,191,-
900 acres and August condition OF 77.9
we made 7,147.000 bales. Our fields
now present desolatc appearance
Nearly all the cotton is picked and oul
gins will have little to do after DC.
tober 1.
Our people will plant upland cotton
again IL they can. but not 4 bag of Sea
Island comes In from the great islands
on the coast OF Georgia and Soutl
Carolina-the home of the finest cottor
nn