Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1922-01-27
rested If caught, but If five men put

isn't 1t perfectly legitimate2 Really
isn't the only difference, one crowd
usually plays at night, the other from
10 to during the day? Do we not
read Local professionals sold the
market" Professional what? Also
read wall street and the Waldorf
crowd heavy sellers?" What do 10
cal professionals, Wall street and the
Waldorf crowd" care whether the
producers have clothes or shoes for
their wives and children If it should
interfere with their getting the mon
ey? Is It not one thing to be allowed
to live, another to be allowed to ex-
ist, and the next thing, we'll what?
Why so much anxiety and dope"
about the boil weevil? Hadn't the
farmers better pray to have him dis
tributed around equally? What diff
ference does 1t make? Are they not
figured at so much per head but in
bulk? What is the difference between
Is million bales at nine cents, nine
million bales at Is cents, eight million
bales at II cents, or IL million bales
at II IA cents? Isn't the result prac-
tically the same, Just as though you
sold Is cows at $40 per head or 10
cows at SIS per head. Don't say "the
mills are Obliged to hedge for protec-
tion% Why? II a mill receives an
order for goods for forward delivery,
can't they buy the actual cotton? Is
there any hedge to it? Isn't this the
truth they don't wish to carry the
/ cotton, 1t costs money? Let the farm
er do that, they will get 1t when nec-
essary and based on the future price,
don't care whether it is up or down,
If market higher will make 1t on the
future, If lower will lose on the future,
but make 1t on the spots and save
carrying charges. Hasn't this hedge"
business been great excuse for many
a man who wished to take gamble
for his mill? and busted a lot Of
them too. Has any one noticed any
special gambling on the finished prod
uct or is it confined to the raw ma
terial the farmers produce? Hasn't
this thing, gotten UP by some real art
lists, been going on for over 80 years.
about five years after slavery was
abolished. and is 1t not time now to
allow legitimate supply and demand
Ak the price whether it Is 5 cents, 10
cents, 90 cents or 81 per pound? But
how? Could not law be passed
whereby gambling should not be al
lowed in anything that did not exist
or by no possible imagination could
exist. 't ~ ].
For instance, II 10 million bales Of
cotton are produced IN 4 Year don't
allow 200 million to be gambled in If
q man mad certificate say for 100
bales of actual cotton, allow trading In
the actual cotton in existence as often
as desired, but to allow this 100, mil
lion bales of pure imagination to be
gambled in LIS entirely unfair to the
producer and fixed his price? Don't
allow anything impossible to exist, fix
the price of anything actuelly in ex-
istence, simply because lots of people
wish to gamble, and it might inter-
fere with present arrangements. OF
course, there are millions invested,
but there Is lot invested at Monte
Carlo and Monte Carlo doesn't play
on the welfare and almost life Of hu-
man beings. Confne the trading to
actual existence and then stop, even
though some might lose the commits
'sions on more than a hundred mil
lion bales of Imagination. Have we
had actual supply and demand fix the
price of cotton except during the world
war when it was a thousand points
higher than this imagination?
Don't we often hear the farmer is
ignorant, got no sense?" Will grant
so much If desired and that all the
sense is confined to the towns . and
cities are we showing it? Isn't the
farmer the foundation for practically
all of us, our very life, and If we
knock and knock till we knock down
our foundation, will our house not
fall? II the world considers it the
correct thing to allow local profess
sionals" or operators" or traders" or
whatever they are wall street and
the Waldorf crowd" the privilege OF
depressing the price Of the farmers
product to a point of bare existence
by manipulating a purely fictitious
and non-existing product, should they
not consider 1t equally the correct
thing for the farmer to decide to stop
producing the actual product? If we
"bust" the farmer, will it not come very
close to putting the best Of us out OF
business? Could the chambers of COM
merce of the country do a better real
work than to try to build anew our
foundation on a solid basis. May we
not be playing with fire? May not
the farmers wake up and realize their
power? May they not determine to
raise enough of food and clothing for
themselves and say to the world, I'VE
can live If you can't?" Would 1t not
be sure enough calamity If the farm
ers decided to strike? Would it not be a