The commonwealth., 1922-08-12
a Large Meeting of The
Growers Heard Speaker
Friday On Cooperative
Marketing OF Tobacco

.
of farmers held for years in
Scotland Neck heard Mr.. w. D.
Hill, Of South Boston, Virginia,
yesterday talk about the coopera.
tive, marketing Of tobacco.
In his opening remarks he told
OF the success Of this movement
IN his home State Of Virginia,
where 80 per cent of the grow
! ers had signed. He also said
that over the whole territory Of
Virginia, North and South Caro-
lima more than 70 per cent of the
growers had signed for this form
| Of marketing.
He explained that cooperative
marketing was simply q 'ntel-
,igent marketing C .cndise
and a gettine .,m the old
plair pos' Simply the organiz-
ins ssse commodity and not an
organization purely of men; al
organization for the purpose Of
selling to the market of the
! world to obtain the best possible
price, and such an organization
to be effective it must control at
least 50, 60, or 70 per cent Of the
product. Cooperative marketing,
according to the speaker, staba-
Lies the market and assures 4
uniform price for each grade.
Mr.. Hill said that cooperative
marketing must succeed because
it is founded on right principles.
He said that such movement
was brought about through the
oppression Of the tobacco inter-
ests, which forced the grower to
, organize for his own protection,
and that it was not opposed by
, the manufacturer, who really
wanted to see the farmer get
', , living price for his commodity.
j With respect to advances or
1 loan values, he said that one
third would be advanced when
e tobacco was delivered, and other
: advances made as the product
$ was handled. He said, however,
t that at all times the grower wsuld
be assured absolutely that he
would get returns to cover the
cost of production and fair
profit; and that was the object
J of cooperative marketing. He
said that it would assure better
credit to the grower for the
banker and merchant would be
assured that the grower would
never get less than the cost Of
production. He asked the ques-
r ton if it could be done, and his
u answer was that it had been done
$ with perishable products, such AS
the fruit growers exchange OF
d California, and the tobacco
growers Of Kentucky, and that it
IS could De done in this section.
r. He said that the loan value
+ was fixed by a committee from
70 War Finance Corporation, from
~ ~ the bankers who made loans and
from a committee from the To-
a.: bacco Association, and that in
/ / addition to- the loan a partlelpa-
> ! ting receipt was issued for bal.
ance to be paid. He said that
= IN Kentucky the second pay.
le ment was made within forty
g days after the first loan. In
~ Kentucky, he said, that the poor
- est grades, through rehandllna
Z and improvement brought as
. much as the average price Of ths
- commodity on the open market
20 Mr.. Hill said that no other or
: ganizaztion had ever started
which had the backing Of cooper
-, s.tive marketing.
re He said that the War Finance
ID Corporation Of the government
le had advanced $3O,0OO,OOO, five
e large bankers Of the country
S1O,OO0,00O more and that it hac
the support Of the Bankers AS
societion of the Carolinas ane
Virginia. :
The government, he said, rea
lized from a study Of economic
conditions, that such an organ
izaztion was necessary for the
protection Of the interests OF the
great farming population OF tht
country and that it had prepared
itself to encourage and foster
such movements.
He urged that all of those or
the outside come in and help
make the movement one nun