The log cabin Democrat., 1921-01-04
SETS FORTH PLAN TO REDUCE COTTON FORM OF PLEDGES USED Organization to Cover Entire South When Complete-Carry Over
 This Year Large.

to accomplish feQuculon anu CilS pledges framed for all concerned, are set forth in the latest bulletin of the Memphis cotton convention commit tee, copy of which was received by the Log Cabin Democrat today from the Memphis Commercial Appeal The bulletin sets forth in detail the or ganization plan which will be follow ed in the southern states, starting with the central organization and end ! ing with the districts into which each county will be divided.
 Cotton supply figures given by the committee indicate a carry over of unspun cotton enough to last two years without any additions from the 1921 and 1922 crops. On July 31, 1921, the carry over of unspun American cotton will be 5000 900 bales or 3,000,0 more than any previous total, the committee estimates. It also forecasts a 1921 world crop of 29,000,000, while the 10-year average consumption of cotton of all kinds is only 17,500,00O. Estimated consump- tion this year, it is estimated, will be only 15,000,000, the basis of the fore cast that the carry over will reach 13.000,00O.
 The Memphis convention was the central factor in the organization which will later thoroughly cover the south. It is being followed by the state meetings, the Arkansas confer ence being at Little Rock, January Is and 19 and in other states near the same time. The state convention will be followed by appointment of coun- ty executive committees. which will organize counties and appoint com- mittees of three for each school or voting district The next step will be the pledging of farmers, land own CTS, supply merchants and banks 10 acreage reduction. Lists of farmers, land owners and others pledged to ob- serve the reduction agreement will be furnished to merchants and bankers.
 It is at this point that pressure will be brought to bear against those un- willing to reduce. It shall be the duty of banks and bankers and all others who make advances to farmers, to enable them to conduct their farm ing operations,' says the Memphis agreement, ito refuse such financial assistance to any farmer or farmers or merchants of factors or other banks who refuse to sign the said agree ment and pledges for cotton reduc- tion.'
 The pledge which will be offered to farmers is as follows. q. ...., of ...., do hereby certify that I am a farmer and cotton grower and hereby solemnly promise and agree upon my sacred word of honor that during the year 1921, I will not plant in cotton more than one-third of the lands to be cultivated by me during the year 1921, and
 q further promise that I will use whatever influence I may have with my friends and neighbors to have them sign a like obligation and CO., operate with the county committee in the organization and the work for the said cotton reduction"
 The pledge for merchants is as fol- lows: l......., a merchant in the county of. f........, State of ......, do hereby heartily agree to the plan to reduce the 1921 cotton production as adopted at the Memphis cotton convention held December ' and 8.
 Il hereby solemnly promise and agree that I will not furnish any farmer who refuses to subscribe to the said plan and bind himself not to plant over one-third of his cultivat- ed land in cotton for the year 1921, and
 q hereby further agree to assist in the thorough organization of my county and will use my influence and exert my best efforts to make the movement success"
 The pledge for bankers is as fol- lows; "I.........., president, vice president, cashier of . Bank of ........, do hereby heartily agree to the plan to reduce 1921 cotton pro- duction as adopted at the Memphis cot ton convention held December 7 and 8.
 'ln furtherance of the purposes of the said plan, I hereby agree and solemnly promise that I will confine credit extension to farmers and mer- chants subscribing to the said plan and pledges themselves to such acre age reductions, denying credit facili- ties to all others refusing to so pledge their support.
 q hereby further agree to assist in the thorough organization of my county and will use my influence to make the movement a success"
 The pledge for land owners contains provisions as follows: ", ........, of ....... County, State of ......, hereby certify that I am a land owner and rent land to tenants for cultiva- tiOn