Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-04-04

Of cotton for it's members, which
is far fewer than the amount of
cotton represented in the origi-
nal sign-up of members.
The cotton actually pledged
for delivery to the association
by members was 552,095 bales,
based on the 1920 production of
cotton in Texas amounting to
3,747,5S0 bales; that is to say,
the members who signed up to
deliver a total of 52,095 bales
before planting time based their
1921 production on their 1920
crop.
Boil Weevil Cuts Crop
But the boil weeviI was espe-
cially active in Texas during
1921, and the 300, 000-bale crop
Of 1920 was reduced to a crop
Of 2,118,S69 bales for 1921. In
other words, the boil weevil de-
stroyed 1.628,711 bales Of cotton,
as shown by the actual decrease
in Texas production for 1921
as compared with 1920.
pei SC11LCIoO oSClSdSS III
the Texas crop was 43.46, and
this, Of course, scaled down the
cotton signed up for the CO.
operative association in like pro-
portion, or reduced the promised
552,095 bales to 312,154 bales.
But the Texas Cotton associa-
ton was late in getting started.
Lots of cotton had been picked,
ginned and actually sold before
the organization was prepared
to function. The association
estimates that 44.74 per cent
had been ginned before the COM
mencement of it's operations,
thus reducing the signed-up cot
ton to 172, 496 bales.
OF the 172,496 bales of signed
UP cotton, the association found
that 11.23 per cent was under
mortgage, and therefore, could
not be delivered, in accordance
with the contract.
Making allowance for the short
crop, the necessary and unavoid-
able delay in getting started and
the mortgage cotton, the associa-
ton should have received from
it's members 136,973 bales. so
that the 1G0,210 bales actually re-
ceived represents about IS per
cent Of the cotton actually sign
Led up for delivery. 1t should be
remarked, in this connection,
that the association is still re-
ceiving cotton from it's members.
and that actual amount handled
will be considerably increased
before the seasons business is
wound up.
Banks Cooperation Shown
D. G. Hill, Jr., the very eff
ficient secretary of the Texas
association, believes, as 90 other
officers of the organization, that
the discrepancy between the cot
ton that should have been re-
ceiVed and the cotton that has
been received is accounted for
by the fact that many tenant
farmers who had signed con-
tracts were forbidden by their
landlords to fulfill their agree
ments.
"It is interesting and signifi-
cant, in connection with the
analysis of our figures, to OBJ
serve that of the cotton actually
received 27.9 per cent was under
mortgage" said Mr.. Hill. "In
other words, in our first season
CT operation we received, with
the consent of the holder of the
mortgage, over 25 per cent of
members cotton under lien, and
this is, think, a highly satis-
factory showing. 1t indicates
that the banks, merchants and
other holders Of crop mortgages
are going to cooperate fully
with the association"
The fact that it has been DOS.
sible to secure so many i'm
portant details relating to the
operation of the Texas associa-
ton, especially with reference
to the cotton actually received
from members, serves to indi-
cate the thoroughness of the
Texas association. 1t is strictly
business, from the bottom up.
The Texas Organization
There are few men in Texas
who enjoy a better reputation
than John Orr, president of the
association. He is a practical
farmer, and highly successful,
but he is also a business man,
who has demonstrated his ca
pacity in Dallas and elsewhere
in the state. Many bankers who
were asked concerning Mr.. Orr
gave to him the very highest
rating as a wonderful executive
and a man of unusual business +
attachments.
Mr.. Orr has surrounded him
self with corps of high-class
assistants. D. G. Hill, Jr., the
secretary, is not a farmer, and
has never been a farmer. Be
fore he became associated with
the cotton association, Mr.. Hill
was the southwestern repre-
sentative of Ernst & Ernst, GER
titled accountants of national
reputation.
II had no idea Of joining the
cotton movement" said Mr..
Hill. GAS the representative
Of Ernst & Ernst, I sought to in
terest the association in a mod
ern, businesslike accounting sys-
tenn. I wanted to put in such a
system for their business, and
I think L have succeeded. But
I wanted to sell it to them for
my employers-Ernst & Ernst.
Instead, the cotton association
employed me permanently as it's
secretary"
The treasurer Of the associa-
ton is Sloan Simpson, formerly
connected with the American
Exchange National bank, of Dali
las. Mr.. Simpson was nominal
ed by the creditor banks of the
association, and very naturally
enjoys the confidence of the
bankers and business men Of the
state.
The sales manager of the as.
ISOLATION is w. L. Trout, a prac-
teal cotton man, who has had
years of service in the buying
and selling of cotton. He was
associated with George H. Nc
Fadden prior to accepting en-
ployment with the association.
He has surrounded himself with
a corps of experienced and eff
cient cotton classers, among the
best in the state, and has man.