The Washington times., 1924-01-21
GROWERS
GET ALL
PROFIT
Syndicate President Deals Di-
rectly With South-Mid-
dIemen Ignored
BY JOHN T. LAMBERT.
COsmOpOlitan News Service.


Russia has just completed deal
to buy $5,OOO,OOO worth Of cotton
in this country.
1t is the first Of a series OF
trades that may lead to the buying
of $1OO,OOO,OOO of that one staple
here this year. Purchases. of large
quantities of textile machinery are
also being arranged.
Avoided U. S. MiddlemeA.
Victor p. Nogin, president OF the
All-Russian Textile Syndicate the
Soviet organization which controls
the textiles Of the nation, is in this
country completing the trades. He
ia the boss" Of 100000 workers.
Nogin has already bought 100000
bales of cotton direct from the
planters. He avoided America g
middelmen. He purchased from the
Cooperative Cotton Association ana
the State Warehouse Associations OF
the South. He is rumored to have
thus effected savings for both the
planters and his own government.
ANY profits remaining in the CO.
operatives Of the South at the end
of the business year are divided
among the cotton growers.
Seeking Machinery.
Nogin did most Of his cotton buy
ing in and near Columbia, Johnston
and Greenville, S. c.; Dallas. and
New Orleans. He is said now to be
in the machinery-making districts
of the Northeast looking for new
looms and appliances.
Senator Dial says that because OF
the SILLY" attitude of this Govern
ment, a large amount of profit on
these transactions has gone out OF
the country.
Insurance on the cotton had to be
taken out in England. An effort to
made, but the Shipping Board said
there were none available for Rus
sian trade. The cotton is to be
shipped to Russia in Norwegian YES.
sells.
Within the last two weeks" said
Senator Dial, IT aided in sending q
delegation of Russians south with
letters of introduction to our export
ers of cotton and people who repre-
sent the growers of cotton.
II am delighted to know that these
people purchased several million dol
lars worth of cotton. They repre-
sent the combined mills of Russia.
They need a very large quantity Of
our cotton. This, l believe, is the
first direct purchase they have made
in some years.
Criticizes Shipping Board.
II do not believe an effort was
made the past year or two on the
part of the Shipping Board to get
business for United States ships. It
seems to me to be nonsense for the
Government to have as much tom
mage lying idle as we have with the
great quantity Of cotton In the
South to be exported to the other
countries Of the world.
when people come here all the
way from Russia with financial
backing and means in the banks to
buy and cannot get proper treatment
and proper facilities for handling
our products, it is indeed dismal
outlook"
Nogin says Russia now has 1885,.
900 spindles. There are two shifts
at work in the industry, each on an
eight-hour basis. Present produc-
tion in the cotton trade has in
creased to 25 per cent of the pre-
war output, despite that $500, 1000
spindles formerly in Russia are now
operated in Poland, Finland, Lith-
uania and other parts of old Russia
to which have been granted prac-
tical application Of the principle Of
self-determination for all nations.
The woolen trades are up to 40 per
cent of the old output.
About thirty wholesale stores have
been opened for direct selling of the
textiles to the public, and fifteen
more are in process. Retail stores
are also operated: 80 as to exercise
a wholesome economic restraint on
profiteering."
Nogin was thirty years ago a
sweep boy In the mills. He rose
from the ranks.