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PROGRESSIVE FARMER ANB COTTON PLANt!
Tues 9 sday, September 12, 1905. . ; THE SOUTHERN COTTON ASSOCIATION. Xhpv fixed the minimum price which farmers re lirirCl to demand for their cotton at tleven Xliey estimated the yield .for the crop of 1905 li06 at J...")SS,133 bales. They provided for maintaining the Association and carrying on the great work it has in hand, by a tax of three cents on each bale raised by a mem-Irt-r of the organization. Xliee were the most notable acts of the 'Execu tive CVmr.ittee of the Southern Cotton Associa tion in t'jion near Asheville last week although a great many other important matters were con sidered by the members in their three days' ses sion, which ended Friday afternoon. President Jordan presided over the meeting, and Secretary Cheatham and Vice-President (?) Peters were al so on hand. And it may be well enough to give ridit at the outset the full list of members of this Ksecutive Committee: Alabama: H. Y. Brooke, Luverne; F. S. Moody. Tuscaloosa; T. C. Banks, Attalia. Arkansas: L. E. Love, Dardanelle; W. Y. Foster, Hope. Georgia: W. L. Peek, Conyers; J. R. Miller, Statesboro; J. L. Boynton, Dickey. Louisiana: F. L. Maxwell, Mound; W. L. Fos ter. Shrcveport. Mississippi: J. Mac Martin, Port Gibson; S. A. Witherspoon, Meridian; R. N". McGehee, Wil kinson. North Carolina: JV A. Brown, Chadbourn; Jno. P. Allison, Concord. South Carolina: E. D. Smith, Magnolia; Wm. S. Lipscomb, Pacolet. Tennessee: W. G. Davis, Bailey. Texas: J. II. Connell, Dallas; F. M. Green, Atlanta: J. C. Ilickey, Henderson; S. H. Jen kins, Brownwood ; Jno. H. Latham, Dublin. Oklahoma Territory: L. B. Irwin, Stillwater. Indian Territory: G. W. York. Indianola. A Safe, Business-like Body. Every cotton-growing State and Territory, ex cept Eorida and Indian Territory, was represent ed at Asheville; and it was an unusually fine body of men; a safe, business-like body singularly free from enthusiasts and fanatics. These men were conscious of the power, but all the more prudent and conservative for this reason. The committee did have a serious task. No wonder the manufacturing and business interests of two continents watched its deliberations with interest. The members were the spokesmen for one of the most important industries of the world For the year ending June 30, 1905, the United States exported $379,000,000 worth of cotton as against $000,000,000 for all other agricultural exports. Or to put the matter more vividly, let us repeat what we have said before: that you may take all other animal and vegetable products exported wheat, corn, barley, oats, rye, flour, meal, oat-meal, fruits, vegetables, liquors, tobac co, wine, catle, hogs, horses, sheep, beef, pork, mutton, butter, cheese, canned goods, lard, oils, ool, timber, lumber, naval stores, etc., etc., &e entire contribution, except cotton, furnished the outside world by every American farm, ranch d forest, from Maine to California, from Mich lgan to Texas, from Alaska to Hawaii, including the South's own not unimportant shares take all tiiis, and with the proceeds of one year's cotton Sports and a safe mortgage given on the next Iars, the Southern cotton grower could buy the fole colossal aggregation, and still have a sur plus of over $100,000,000 left as pin money and as a margin of safety for the mortgagee. e Association Estimate of Yield and the Government Estimate Compared. Conservatism was the keynote of the Asheville meetin?- Xhe members were ' determined not to underestimate the crop, not to demand unreason- y high r rices. "By accuracy in estimates and ?ftlCe m Price-making, we intend to win the con- tnc ot all classes so that the opinions of ociatinn will be respected and folic wed," the the was assertion of more than one committeman. And so we have an estimate of 9,558,133 bales prospective yield for the crop of 1905-'06, and a minimum price of 11 cents to the farmers. At Asheville last week there was considerable dicussion and among our readers there is doubtless considerable interest in the same sub ject as to how this estimate of yield compares with the Government forecast. The writer ac cordingly worked out the problem, and it devel oped the rather surprising fact that if the Asso ciation's acreage reduction figures are accepted, the Government report on condition would indi cate a yield of 25,629 balea less than the Associa tion's estimate. Or to be more explicit: The Government repeorts a decrease in acreage of 14.9 per cent, as compared with last year, the crop yield then being 13,693,208 balesr "With exactly the same yield per acre as last year therefore there would be a shortage of 2,040,287 bales (14.9 per cent) making the net crop 11,652,921 bales. But in addition to 14.9 per cent reduction in acreage, the Government says that the condition is only 72.1 as compared with 84.1 at this date last year, thereby indicating a yield of almost ex actly six-sevenths 85.6123 to be exact as much per acre as last year. And with 14.9 shortage in area and 14.3877 per cent reduction in probable yield per acre, the Government figures plainly forecast a crop of 9,976,333 bales 388,200 more than the Association figures. But hold! if we assume that the acreage is 1S.43 per cent less than last year, as the Asso ciation reports showed, then the crop with the same yield per acre as last year, would be only 11,169,550 bales. And the Govxernment's esti mate of a decline in prospective yield per acre of one-seventh (or 14.3S77 per cent) would bring the crop down to 9,562,514 25,629 bales less than the Association estimate. The Committee was there not to bull the mar ket but to tell the truth, and the conservatism they showed will win the confidence of the cotton world. The estimated yield per acre and the con dition of the crop 'as officially stated is as fol lows; 4 States. Alabama Arkansas "Florida . . Yield. Condition. 1,021,639 74 619,466 70 54,019 69 1,361,180 73 365,522 78 656,952 58 530,064 77 307,602 86 791,697 73 242,202 75 2,382,762 74 1.204,978 70 50,050 75 Indian Territory ...... Louisiana " "North Carolina Oklahoma South Carolina Tennessee Texas Mississippi Miscellaneous Conservatives Won in Fixing the Minimum Price. In fixing the minimum' price of cotton, the Committee showed no less caution. One faction wished to make the figure 12 or 12V2 cents; the other faction wished to hold merely to the old watchword, "Not a pound below ten cents." The ten cent price was rejected, because that is below the present market price ; twelve cents was not pop ular because the Committee wished to set a price low enough for its members to respect, and be cause after all, eleven cents is only the minimum, and any farmer may hold for as much more as he wishes. In this connection, too, the following resolution which was adopted at Friday's session ought not to be overlooked : "We urge all mem bers of the Association to market their cotton even at the minimum price as slowly as possible, so as to distribute the sale over the entire year instead of marketing the crop in ninety days as has been the custom, thereby receiving the highest price possible above the minimum." Strengthening the Organization. At Friday's session the most important action taken was that fixing the dues of members three cents tax to be levied on each bale of cotton pro duced by a member of the Association. With 10. 000 000 bales represented, this would bring in a revenue of $300,000 $100,000 each for National. State, and County organizations. The full amount, of course, will not be collected, but there is no doubt but that this action puts the Associa tion on a permanent self -supporting basis. vuuiuiumg IU pCUCUb IUC .Ulg nil.- i.XT tion, the Committee also arranged for the ap pointment of a general field agent a sort of National Lecturer with an assistant in each State. And no mistake was made in selecting the man. President E. D. Smith, of South Carolina, was chosen, and the good things we had-previously heard of him and his work were confirmed at Asheville last week. There is probably not a more effective speaker and more earnest worker in the entire Association. Notes and Personals. . The Committee sustained President Jordan in the removal of Vice-President Peters, not formal ly ousting him, but allowing him resign. ,Hte. term would expire in a few months anyhow. Many members of the Committee regretted President Jordan's action, but Col. Peters alienated the friends he might have won by the condition he put himself into while attending the meeting. One thing .we heard much talked of -among the delegates was the remarkably early opening , of cotton this year. The crop will be harvested so much earlier than usual, and the ginning receipts will be so much heavier through the first of the season, that the bear interests may fool the peo ple for a time into believing that there is a big crop. Then when, the truth wins its way, prices will bound upward again. V And the Government report Saturday confirmed what we had heard in Asheville Thursday and Friday as to early open ing. Ginners' reports show 469,500 bales ginned to September 1st as against 374,821 to same date last year. North Carolina will certainly not make over 75 per cent of last year's crop, but early opening has brought about a ginning record of 3,024 bales as compared with 134 bales at this date in 1904. Among the resolutions adopted at the Conven tion were these: One favoring "arrangements whereby the producer and owners of cotton may so arrange their annual engagements as to divide their obligations into payments for pecunary aid, -into monthly, bi-monthly or quarterly pay ments extending through eight months, instead of payments falling due inside of ninety days from commencement of annual cotton season," One urging the improvement of Southern rivers and harbors. One commending President Rdose velt for his plans for enlarging our markets for cotton goods. One urging the establishment of warehouses. One urging county organizations to meet more frequently. One directing Presi- ,1 T J 4- 4-1, 4-1, n4-4-- -C nA,J. u.ciit o ui uau tu tarn? u. yj lux; niti l uoi ui Dtxuiiug better and fairer freight rates on cotton. One thanking Asheville" for its entertainment, and adopting Hot Springs, Ark., as the next place of meeting, the third Tuesday in January being the date. - The movement" to arrange with a syndicate for the purchase of 1,000,000 bales did not materialize, nor was the fixing of a minimum price for. cotton seed considered. The Georgia Association recom mends a price of 30 cents per bushel. Of President Jordan, our contact at this meet ing only confirmed the opinion expressed last week: "He is a convincing, forceful, logical speak er, and a man of attractive personality. He has a stronger face than any of his published pictures indicate. In speaking he does not flatter the farmers with smooth platitudes; he does not coax them with jokes or attempts at humor; but' he shows such a mastery of his subject as to hold their attention from beginning to end." Secretary Cheatham, while not forcing himself upon the attention of the Convention, was natu rally one of its most conspicuous figures. He is a young man. The work he did in unearthing the Department of Agriculture frauds will not be forgotten by this generation or the next. South Carolina was about as well represented as North Carolina at this meeting. President Smith and Treasurer F. H. Hyatt were among the most affective speakers and counselors. Sen ator John L. McLaurin was an interested specta tor and participant. One of the most popular speeches was made by President Cuningham of North Carolina. Mr. J. A. Brown was one of the hardest working men on the Statistics Committee, as was Mr. J. P. Allison on the Minimum Price Committee, and both were men of influence among their brethren. The Progressive Farmer and Cot ton Plant was represented by the writer and by Secretary T. B. Parker. And then there were representatives of other States who should be mentioned but this report has already grown too long, and we must bring it to an end. It was a good meeting. The Cotton Association is in safe hands and is going forward. .