Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1923-11-29

their unorganized customers sold their cotton
for 20 and % cents ($10O to s11O a bale)
those of their customers who sold through
the association got 26 cents $3.50 a bale)
and were therefore able to buy more and
pay their accounts promptly this year. The
association therefore helped them as well as
their customers who were members.
This year they have seen thousands of
their unorganized farmers sell their cotton
for "a to &c cents ($12O to $3.50 a bale)
and today cotton is worth IS cents ($175 a
bale). They know that those who were
forced to sell at the lower prices cannot be
as good customers as those who will get over
80 cents.
When member ships his cotton to the
association he Immediately gets an advance
payment of 20 cents a pound ($100 bale).
If this won't meet the pressing debts of a
farmer, there are banks all over the state
which will lend an additional amount at rea-
sonable rate of interest, and will collect
from the association when further payments
are made.
We do not know what bank you deal with.
We have no hesitation in saying, however,
that if your bank is handled inte1ligently
and for the welfare of it's customers as we'll
as for it's owners you will have no trouble in
arranging for close and helpful cooperation
with your interests, its interests and the in
terests of the cotton association.
This is true of practically every banking
join the cooperative association but do not
understand how you can do it and at the
same time protect the interests of your cred
itors, write plain statement of the facts to
President J. E. -Conwell, Georgia Cotton
Growers Cooperative association, Atlanta.
Ga. He will tell you how things can be ar
ranged.
You will find Mr.. ConweH sympathetic
and helpful in a practical way. He is
farmer, and made a success of farming He
was for years a director of country bank,
and he made a success of his banking inter-
ests. He finished the organization work of
rected the management of the association
the Georgia Cooperative association, made
success of that, and has most successfully di-
during the year and half of its existence
This, as you will note, is written specially
about the Georgia association, because the
letter was from Georgia farmer.
There is a cooperative cotton selling asso-
citation in every cotton state. They all seem
to be managed well and to be making big
money for their members. And what we say
to Mr., Smith is applicable to the farmers of
every Southern state.
Brother Smith seems to be under one mis-
conception about the co-operatives They are
not holding associations. They are "sen-
ing" associations, but they sell gradually and
in orderly fashion, in accord with the supply
and the demand Their method of selling
Will give their members, not the highest
price of the year (nobody knows till the year
is over what is, or was the highest price,
therefore nobody can hope to sell all his cot
ton at the highest price,, but it will give
price that is better than the average price
for the year,
That, of course, means millions of dollars
more to the Southern farmers than they
could have got otherwise.
1t was the cotton merchants and specula-
tors who bought from the farmer and sold
on rising market that used to- get all the
millions. The farmers who are association
members are getting many of them now.
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AN rAx-ornrrr or~~,-~