Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-04-08
COTTON COOP PAYS
S1,90O.0OO MORE To
GEORGIA MEMBERS

Checks aggregating s1,900,O00 are
being mailed out this week to mem
bers by the Georgia Cotton Grow
ers' Cooperative association, repre-.
= senting an advance of 5 cents a
pound on all cotton turned over to
the association for sale by its farmer
members,
Previous advances made to mem
bers this season were at the rate
OF 20 cents a pound, and tOtaled
= S6,500,00
Final payments will be made at
the end of the cotton year, and will
represent the difference between
amount already paid to each mem.
ber and the average price obtained
during the year for ALI cotton of
the grade and staple which he
turned in.
No statement is made by officials,
but it is understood that in spite OF
the decline in the price OF cotton
from December to the recent low
level, the average price obtained nN-
the association Is considerably hlSh-
er than present prices.
In announcing the distribution,
President j. E. Conwell, of the as
scciation, said the credit and flnan-
condition of the association was
Fellent, and that the distribution
WIS being made after a careful dis
cussion of marketing conditions by
the board of directors.
Conservative Policy Adopted
Mr., ,ConWell said chat spectators
nave been able to put down the
i price considerably and that the as
ISOLATION officials have felt impelled
! to be conservative in making al
yances on the cotton of members,
but that this additional advance is
made in the knowledge that mem
bers need it to apply on their obii-
cations and for purchasing fertu-
! izer and other supplies for produc-
4 ing a 1924 crop.
Mr.. Conwell's formal statement
. follows:
AS all familiar with cooperative
marketing know, the members or
I this, as we'll as of other co-opera-
i tives, have signed similar contracts
and this contract is the basis or
all of our operations. One Of its FUN
damental provisions is that the dl'
rectors of the association shall mar
ket, gradually and orderly, the cot
ton of all pools during the entire
season, thus insIrlng each member
grower the average price for his
cotton.
I'VE have carried out the con-
tract, and the recent experience
of all cotton growers, as well as
allied business interests, demon
strates to my mind more than ever
the soundness and the necessity OF
the cotton producers and those de-
pendent on cotton adopting the CO.
operative plan for marketing all
| our cotton.
Benefit Fully Recognized
cit gives US much hope, too, TO
know that our cotton growers, as
evidenced by the new contracts we
are daily receiving, and our bank
ers and business men, are coming
to accept cooperative marketing az
sound and established business in
the south. I have just received
letter from a middle Georgia bank
er who has customers that sold at
various prices all during the sea-
son and customers as well, VINO
have not sold to date. His ex-
perence with cooperative market
ing and with those of his customers
who have sold individually, con-
vinces him of the merit and sound
ness of selling cotton comparatively
for he says: we appreciate the
fact that your organization has
done much for this section and we
take pleasure in recommending the
association to our customers. 1t IS
our intention this year to have all
who give crop. mortgages be mem
bers of your organization
This letter, coming from a bank
err of Cochran, Ca, is only typical
/ OF the feeling and conviction OF
bankers, fertilizer men and business
men in all sections of the state, as
evidenced by scores and scores OF
letters that they have written to
this office stating that from now
on they will cooperate with our
members and this association, when
such has not been the case here
tofore.
'As the co-operatives increase for
themselves the confidence of their
membership and the business world
it gives us an impregnable posi-
ton. We are not disappointed in
the least with the attacks being
made on cooperative marketing by
few who, either lack information
or have a selfish interest to crafty.
Members Inspection Invited
"We invite any and ali of our
members, when it is possible for
them to do So to visit this office
to inquire into the workings of the
I>.ynarketing of their cotton and OBJ
Rain any information they desire.
I'VE have been especially pleased
with the large numbers that have
recently visited the office, mainly to
assure the management OF their
qualification of the progress being
made and of their more than ever
determination to support this asso-
citation which is working out ii SyS-
tenn that not only will sell its mem
bers' cotton this year, but from
year to year. in a businesslike man
ner, primarily for the profit of the
producer and for the good gener-
ally of all of our people.
while L am speaking a little
bit lengthily, l must say further,
we appreciate the cooperation of
our entire membership and their
system that will sooner or litter
give us fair prices for the cotton
that we produce.
I'VE appreciate no less, the splen-
did support of those SCOTS and
scores of unselfish business men in
all sections of this state that have
cast their lot with the cooperative
system and made the work of Snts
association possible. 1t is enough
to encourage the discouraged and
to give hope to the HOPELESS
The association will handle pos
sibly twice as much of the 1928 crop
as 1t did of the 1922 crop, it is stated,
Notwithstanding that Georgia pro-
duced only about 500. 900 bales in
1923 as against more than 10000 in
1922. The total delivery in 1922 was
somewhat greater than one-half of
the delivery in 1928, but this is ac-
counted for in the fact that when
the association was chartered in 1922.