Fitzgerald leader enterprise and press. (Fitzgerald, Ben Hill County, Ga.) 1921-1964, 1921-04-05
THINK NEGROES PAY HORROR FARM PROSEC(JT
The SAPIR0 Plan, The BANKER
and The MERCHANT
(FOURTH ARTICLE)
By Victor Victor


article ensuing one on e sapiro Plan and the
either will be of equal interest both banker
their closely interviewer divided
der two titles merely matter of form.
To begin with before discussing the advantages Of the spro
plan southern banking and business we'll
adheaded business men that the Sapo plan strictly business
umns not merely dreaming wild visions about handling
duct they know nothing about In this regard necessary
Error No / runs about like this:
These Sapro plan advocates have idea of the number
and variety of growers and don't realize that the greatest
Or is covered with liens before ever the seed planted
In other words the Sapo plan advocates lunatcs They
would certainly be nothing less the Here
simple but interesting facts about the sapo PLAN
Where cotton is raised hars the landlord taking his rent
in the landlord considered and his membership
sought in the association
BILE membership The association his option and notifying
of its decision before his harvested will handle his
ling the identical problem with other that has almost
never been withheld simply to the enor that instead
he will hold negotiable obligation backed by the the
bale OF cotton and the association AS that particular bale
sold the lien paid often the association off the lien
81 course the association will comprise mostly the enree cot
ton of the and needs such for certain financing
TONS But bale of cotton which is under lien of safely less
than the value of the which given the
association for sale its time and in its just as
important to the enfree eecng market
Error No 2 runs about like this:
"The Sapo plan advocates think they got panacea all
ills believe they could have prevented the drop
and fail to realize that cotton had drop mainly because Europe
which annually finance
the spnne have been unable undertake their share the bust
Holders of that again eapng the conclusion that
pro plan advocates must have completely lost their heads
they happen have inside them exceptionally big idea
Right here should be sd and for ALL that the chief OBJ
ect of Sapro organization stabilize the market and
ce for the normal and alleviate always to-
prevent
has said again again that operate within the
ultimate supply and demand limited extent
porary modify supply and by deliberately setting in
doubaby will upbud the universal consumption of cotton
either Temporarily given time permanently create demand
But that its purpose and effect which keep the
market from constantly being manipulated its machinery stopped
to the dermen OF the producer in temporary DEFIANCE OF the
Spo plan advocates have idea that the existence of such
unit they cotton could have the drop
great as was and could eyaed the present burden that DROP
upon the cotton-producing portion of the country.
The drop price may be tTaed to the law OF supply and
of that law and this mainly because there eff
cen and sufficient sales unit for actual cotton in e
Such unit would have had leading experts here Europe
studying and knowing mot guessing a available fact bearing
came since then would have had agency in Europe ar
On this side would have stood single gigantic unit capable of de-
ven without endless red tape any quantity OF actual cotton to
banking nothing of additional fnan
ng which could have been secured by and
have stood ready than they have finance those deals
cotton than there has been things stand
Moreover the burden of little would have been more
American instead OF the southern banker alone the
Of financing all unavoidable holding Of the Yes the
English fnancs failed and when they did, banks
Of the South practically alone finance all reached
1.-THE mill.
Cotton the great golden mperishabe among agricultural
ducts With stable market system would be the edged
collateral for of financial kind Of
gold the then insignificant Sapoype organization the North
wheat growers could successfully commodity
public take conservative cotton baby bonds times readily
Why wouldn't all the banks and banking interests in the United
State help finance and be mighty glad of the chance the
unit existed capable of approaching the whole financial field the
country the time and with the collateral
correctly in
Would would the southern banker welcome reev
ing machinery this hour? Would would
chant welcome situation in which his banker whose hands
completely tied by cotton could lend him dollar and then
help clear the choked channels of ordinary trade?
There is saying hereabou that Cotton money CROP
edOnPa Twol