The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1921-01-26
FARMERS BUY e>'
81 4 ING COTTON
Exchange Gamblers To BE Given
Chance to Produce Cotton
They Sell For Future
Delivery

p'uhS WSAV put INV ciAcC( duu IOTCc
several weeks ago To induce those
financially ablo to do SO to purchase
the amount OF cotton for fall delivery
that they would produce under ordi-
nary conditions on their lands and not
to permit the planting Of a seed of
cotton on their lands for the pres
ent year, according TO q statement
issued today by J. Skottowe Wanna
maker. president Of the American
Cotton association. The statemen
says that the plan is meeting with
much success.
The statement issued by Mr.. Wan
namaker follows:
1T being realized that II Is the
height OF folly and spells tho certain
ty OF commercial suicide to plant an
other crop when 1t can be bought for
far less than the cost Of production
and when there Is certainty that
the selling price when the crop is pro-
duced will be below the cost Of pro-
duction, through special committees
or tho strongest financial men In the
south under the leadership Of the
American Cotton association, system
attic plans We're put into effect and
force several weeks ago for the pur-
pose OF inducing those financially able
to do SO to purchase the amount Of
cotton for fall delivery that they
would produce under ordinary condi-
ttons on their lands and not to permit
the planting of seed Of cotton on
their lands for the present year. .
This plan is proving far more sue
cosnul than was anticipated. II Is
being handled in the strictest con-
hdence. Ii the general trade and cot
ton consuming world knew of the
men who are In charge Of this mat
Ger, this information alone would
prove Of a startlinsly bullish nature.
Before adopting this plan 1t was
necessary for the men Interested in
same to be thoroughly convinced that
the south would put in drastic
acreage reduction, and for this reason
most systematic canvass through
confidential representatives was made
OF the entire south. The informa-
ton secured was convincing and prov
cd that the cotton crop for 1921
would be drasticaliy reduced In each
and every one Of the eight hundred
cotton producing counties, and thas
we are facing the absolute certainty
OF q one-haif cotton crop for 1921.
BASED upon this information lead
Ing producers Of financial means in
many sections OF the south have pur-
chased the cotton they would produce
under ordinary conditions on the ex-
changes for delivery in the fall 1921,
others have purchased the actual spot
cotton. However. they pledged them
selves under no condition to permit
tho planting Of seed OF cotton on
their lands and In addition to this
not 10 dispose Of their holdings until
the full Of 1891. The plan is being
systematically pushed and additional
numbers are being added daily. Un-
der no condition will names OF these
behind this plan and those adopting
same be furnished. With an acre
ase reduction Of nifty per cent and the
assurnnce OF the success OF the above
plan II not only decreases the pro-
ducuon of cotton for 1921 but in
cfeases the amount OF cotton II will
De necessary 10 deliver from the cot
ton produced in 1921. Conditions
confronting the cotton producer will
be absolutely changed. and instead
or facing cotton bankruptcy in the
tall OF 1891 as he Is now. having rails
ed his food and feed crops at home.
planting only one-third OF his lands
In cotton, he will be facing prosper
ity and win secure for his cotton 40
produced greater amount OF mon
cy than he could possibly have St.
cured had he planted fun acreage
and produced full croo.
keep In mind the important fac,
that the south has received not. ONLY
"a higher price but a greater amount
Of money from q small cotton croD
than II has from a large one. Also
keep this important matter In mind
That those who are rislting SO much
to assist in this movement by buying
the cotton and not permitting the
planting IA hill OF cotton on their
lands are doing SO upon the absolute
certainty that the south will put in;o
effect a drastic cotton acreage redue-
tion, and that in addition this, when
the actual reduction is confirmed by
the government many others who are
delaying action until that time will
buy cotton as an investment. and also
that II the government statistics fail
10 connrm an acreage reduction o.:
NIFTY per cent in the purchase OF cot
ton as outlined above but many others
will be forced to throw their hold
ings on the market and you will see
greater crash in the price Of cotton
than has occurred In the last fift>'
years.
The man who fails to reduce his
acrtage and stand Loyalty Is an ene-
my 10 himself and the entire COM
merciai and agricultural Interests Of
the south"