The Pickens sentinel. (Pickens, S.C.) 1911-2016, 1922-02-02

This Is For Cooperative Marketing.
1. The Grower is member of the
Association and is helping to carry
out the express aims of the Associa-
ton for cooperative marketing, for
speculation and waste and
for stabilizing cotton markets in the
interest Of the grower and the public,
through this and simila organizations
undertaken by other growers.
Growers Sells Cotton To Association
For Five Years.
2. The Association agrees to buy
and the Grower agrees to sell and
deliver to the Association all of the
cotton produced or acquired by or for
him in South Carolina during the
years 1922, 1923, 1924, 1925 and 1926.
If You Already Have A Crop Mort
gage, That Cotton Does Not Have
To GO Tc The Association.
3. The Grower expressly warrants
that he has not heretofore contracted
to sell, market or deliver any of his
said cotton to any person, firm, or
corporation, except as noted at the
end Of this agreement. Any cotton
covered by such existing contracts or
crop mortgage shall be excluded from
the terms hereof for the period and
to the extent noted, if the lienholdcr
SO enforccs his right of possession.
The Association Tells You Where 70
Deliver.
4. (a) All cotton shall be delivered
at the earliest reasonable time after
picking and ginning, to the order of
the Association, at the warehouse con
troled by the Association, or at the
nearest public warehouse, if the Asso-
citation controls no warehouse in that
immediate district; or by shipment as
directed, to the Association and by
delivery of the endorsed warehouse
receipts or bills of lading properly
directed.
(b) Any deduction or allowance or
loss that the Association may make
or suffer On account Of inferior grade,
quality, or condition at delivery, shall
be charged against the Grower indi-
Will Try TO Standardize
Methods.
(c) The Association shall make
rules and regulations and shall pro
vide inspectors or graders or classi-
fers to standardize, grade and class
the quality of ana the method and
manner of handling, pressing and
shipping such cotton; and the Grower
agrees to observe and perform any
such rules and regulations and to ac-
,ept the grading established by the
state and federal authorities and the
Association.
All Cotton Will BE Pooled For Each
Year BY Grade And Staple.
5. The Association shall pool or
ningle the cotton of the Grower with |
he cotton of like variety, grade, |
md staple delivered by other growers.
The Association shall classify the cot !,
on and it's classification shall be con-
lusivc. Each pool shall be for full
eason. The Executive Committee
hall have the right to exclude any |
otton not grown,.on land owned or
by member
Will Resell All Cotton
md Pay Net Proceeds To Grower
:osts OF Operation And Overhead
Will BE Deducted, But The Associa-
ion Forbidden To Make Any Profit
Fer Itself.
6. The Association agrees to resell
uch cotton, together with cotton of
ike variety, grade, and staple, deliv-
,red by other growers under similar
contracts, at the best price obtain
able by it under market conditions,
and to pay over the net amount re-
,eived therefrom Oess freight, insur
ance, and intcrest,) as payment in full
to the Grower and Growers named in
contracts similar hereto, according to
the cotton delivered by each of them.
after dcducting therefrom, within the
discretion of the Association, the
costs of maintaining the Association,
and costs of handling, grading and
marketing such cotton; and of reser-
YES FOR credits and other general pur-
poses (said reserves not to exceed 3
per cent of the gross resale price
Ihe annual surplus from such de-
ductlon must be prorated amona tho