Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-04-21
COTTON GROWERS
EXCHANGE PLANNED
At OKLAHOMA MEET

OKLAHOMA CITY, April ia
detailed plan for the formation Of
the American Cotton Growers ex-
change, a national overhead sales
agency to handle the cotton Of all
the, cooperative marketing associa-
lions now formed or forming in ten
southern states upon a uniform con-
tract devised by Aaron Sapiro, of
California, was approved here today
by a conference Of delegates from
the organization committees of the
state associations, called by Carl
Williams, acting head of the newly
completed Oklahoma Cotton Grow
ers' cooperative association.
The national agency plan was pre-
sented to the conference in complete
form when it convened Monday
morning by Mr.. Sapiro and after
exhaustive discussion all day Mon
day and Tuesday morning was
adopted at noon today.
, The contracts of the various state
associations all provide that they
shall join in the formation of an in
ter-association sales unit as soon as
three of the state organizations are
complete! The plan adopted today,
while complete, is only tentative and
In the way Sf a Recommendation as
it can not become binding upon any
association until signed by the board
of directors of a fully functioning
organization. However, the fact
that besides Oklahoma, the long sta
pie growers of Mississippi and Ari-
IONA will be ready to market 1921
cotton on the Oklahoma plan, with
Texas association and one or two
others will likewise be complete in
time, made 1T more or less impera-
tive in the opinion of leaders of the
movement that the tentative plan
for the overhead selling agency be
made tangible at once.
The plan adopted here provides
that the exchange shall be operated
by board of trustees composed of
one trustee for each member asso-
citation, with an additional trustee
for every 100000 bales or major
association, it will posses sa very
tremendous power and when COM
pletely organized will form the big
gest single selling unit for any COM
modify in the world. 1t will estab-
lish branch offices throughout the
south and at the principal market
ing, producing and financing points
IOl SOLLOh IH0 WOTlu anu
will possess one Of the most COM
prehensive business organizations
ever devised. In fact, there will be
a very elaborate development in each
of its twelve departments which will
comprise the executive and admin
1stratlVe office management, grad
ing and standardizing, warehousing,
insurance, transportation, finance,
statistical sales of ordinary cotton.
sales of long. staple cotton, legal
and field service.
=. Unique among many duties of the
field service department is it's func-
ton to help build up cooperative
enterprises suitable for it's member
ship elsewhere than where the move
71ent has already taken hold, and
it need not confine its efforts to the
United States. In the national agen-
cy of the state associations cotton
will be pooled according to the mi
nutest actual commercial differences
just as the individual growers cot
ton is pooled by the member assoc
citation, and 1t is through the CEN
trial agency that practically all sales
will be made. The merher associa-
ton retains the right to sell outside
the agency, but only under certain
circumstances which would not fire.
quently occur. The national agency
can demand Of the associations uni
form methods of accounting, finance
ing, grading, warehousing, etc, and
in fact bear to the member associa-
ton throughout much the same prac-
teal relation that the grower does
to the member association.
The plan as adopted will be taken
by the delegates here back to their
organization committees for recon-
incubation to their boards of direc-
tors when organization is complete.
and the present prospects are that
the American Cotton Growers ex-
obonoa uDon the adODted plan, or a
slight variation thereof, will be in
existence before September of this
year. In case the, definite organiza-
ton work now going on in southern
states, representing nearly 80 per
tireIy successful, the exchange will
handle upwards of 100000 bales in
1000