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More About Farmers' Day j i Further Details of the Big < Meeting this Week?Har- j vie Jordan's Masterly ' Speech?Every Farmer in > the Country should Care- | fully Read It. ? I In the account in Wednes- i day's issue of The News ot the f big tanners' meeting here Tues- c day it was stated that the ^ speeches would be published in j today's pap>r. The principal | address, of c ?urse, was that of t Col. Harvio Jordan, the head c of the Southern Cotton Assouiation, and owin^ to its great -j lenuth we are obliged to make v brief mention only of tho re d mark of the two other speakers. 1 Mr Frank Weston, of Colum a bia, secretary of the state asso# ciation, was the first speaker in- 0 troduced. He said thit fie was only present as an escort tor u Col. -Jordan. But ho neverthe- * less took occasion to make a ^ a capital speech, especially emphasizing the importance of the s estahlishment ot warehouses o throughout the country, for the c storing of cotton. v Mr. Weston was followed by Treasurer Hyatt, of the state j association, who made a logical c argument in favor of the success- e ful maintenance of the cotton ? growers' organization, lie used e a number of anecdotes to ill us - c trate his points, which greatly ] amused the audience. c At the conclusion of Mr. t Hyatt's remarks the orator of ^ the day was introduced. President llarvie Jordan of the v Southern Cotton Association t spoke in part as follows: ' uThe South is now enjoying an s unprecedented era of prosperity. * This is due largely to the fact that cotton, the basis of Southern prosperity, lias commanded fairly remunerative prices during the past j five years. A short peiiod of de- G pression in prices one year ago, ^ caused by the production of an enormous crop in 1004, culraina* ted in the organization of the Southern Cotton Association and /j1 the cementing together of the j lurmers, merchants and bankers for co operation in a general effort to protect and safeguard the sta- j! pie trom the disastrous influences of speculation and depression.? 'J'flo history of the work accom plished by the Association during itsshr rt period of existence is one c of the marvels ot 'he aire. The t wide agitation of the Cotton situ n atlon in its relation to the legiti | mate laws of supply and demand. | the heroic efforts of the growers 1 to resist the unrighteous domina tion of the spinners, buyers and speculators last year resulted in one of the greatest financial achievements ot modorn times. In the face ol a supply of practically 14,000,(100 hales of cotton , exceeding the demands of consumption by Hilly 2\ million < bah s, the growers entered into a persistent holding movement, while at ihe same time largely curtailing the acreage for 1005 under that of 1004 and succeeded in advancing the market from 6^ ' cents in .January to 10.1 cents in ?Jul}r. The production "f 1005 wilf not exceed 10,250,000standard bales which curtails t he yield under that of 1004 fully 3,500,000 bales. MARKKTING TIIK CHOI*. The crop of 1005 has up to the present time been marketed with greater intelligence and system f ;han any crops of recent years, [t has been the only crop which ii?s netted to the growers an iverage ol ten to ten and a half ;ents per pound in twenty-five fe?rs. It was the only crop vhere the rank and fi'o of the . ro vers thnroughont the Sou'It dubbornly refused to yield totlie inwarranted depressing inilu nces ol the market last October vheti prices were forced down bv (peculation and combination be ow ten cent a per pound. The aimers of the South theieore deserve tbe highest cmnmen lation lor their loy<?lty during he past year to the Southern Cotton Association and tor the I o I 11 iri* nt manitcr in urlnclr f Itnv ?'?v? V..^J i ive protected and safeguarded heir interests. Ahout the mid I e ot last November the As-miation called upon the growets o demand a maximum price of 5 cents lor the balance of til * in-old portion ol the crop in or ler to average the crop, as near 1^ cents per pound as pos-ible, is it was well known Irotn the hen abnormally high prices of otton goods, that the spinners il I he world could pay that price uui continue to declare profitable lividends on their investment t was also known at that time hat the crop would be a short me and that as consumption was inprecedented there would be no urplus to carry over at the end >t the present year as was the ase in 1905. Calls tor pledges cere issued and several hundred housand bales were promptly ied up in the holding movement, 'or the first 30 days very little o'ton was marketed by the hold rs and prices rapidly advanced, day contracts touching 13 cents arly in December. Shortly after his, holders, especially in the iou hwest, began to market tree y and as spinners secured enough :otton to meet their daily wants he market began to recede, bu' leld up well for a long tim** round 11 cents, the minimum irice of the Association. Six veeks ago an alleged combination >et ween the epinners ot the world, arge cotton firms and Bearish peculators was poi fected to lorce trices down in a strenuous effort o defeat the will of the peopl* ind to destroy tlie further use illness of the Southern Cotton kssocia'io'i. The continuous leavv receipts of cotton at the Southwestern ports assisted the ight to depress prices and only he firmness of the spot holders 11 t lie old states has saved the narket from utter annihilation he holders in all ol the territory Cast of Texas have stood firm nd unflinching and will yet win , greaf victory in ihe superb ight they have made. bkttkr facilities needed. The marketing of the past two rops has demonstrated the fact hat two important essentials are iceded to place the growers in a tosiiion to safely resist the do resting influnces of speculation, he South must lie supplied with first-class system <?i adequate warehouses, v\ liore the c ?t ton can ?e stored and financed so as tc? egulate the supply of raw colon t<> meet the legitimate de 11 <1 mis of consumption. So long s an enormous oversupply of otton is toiced up hi the market luring a short period of time, ow prices must he the ponalty. his system of selling not only iCts injuriously upon the seller,, ml it enables speculation to vie'.d an unrestrained hand, often letrimenlal 'o the spinning inerests of the country. Witii cot on Diot erlv sfoied :li a mini num cost of storage and insurince, and the insurance of nogo iable receipts commanding :h up money, the growers will > :cupy an independent position ind i he staple when finally sold v111 no to the spinner command ng its higliest intrinsic value and ree from the heavy loss of coun# try damage. This is a matter t which I invi'e it.e most seiiou attention of t !>** fai tiling and bus ne>8 interests of the South, tx cause up? n it* quick and prop? sdu'ion largely depends the pr< tilem ot the fu ure marketing t the crop at fair and profit tbl pr ces to tlie growers KV1LS OF SPECULATION. The urea est single evil co< Ironnnu the South, and indee the whole country at the preset time, 18 the rapidly growin tendency toward speculation i cotton futures The pi ice < this magnificent staple crop, tli most valuable of all agriculture products, is daily kicked abou like a fo it bad on cotton e: changes ol the world. The rot tenners of the Now York Cot to Exchange is known to all dealer in cotton and has been roundl condemned by its own meinhert The tentacles from this gian octopus of iniquity reaches on through the entire territory c the cotton bell and dail feast upon the thousands ot vie t.ims that hourly become its pre' while millions ot honest vec menry are made to suffer th devastating influences that fol low in the wake of paper con tracts and chalk marks. The entire busiuess interest of tlie country should either in sist upon the adoption of sucl rules in the New York Cottoi Exchange as will permit the es tablishment and maintenance o legitimate tran-act'ons or then should be enacted stringent law throughout every cotton sim that will heavily penalize ever; person who is not in position ti deliver the actual product whicl ho sells or who will receive th product that lie buys. In othe words dealing in cotton future except by those legitimately en gaged in handling the stapl should be suppressed by law and every Bucket shop in til country at once outlawed. I gambling in cotton futures i not suppressed it will ultimate! demoralize and jeopardize th entire business interests of th South, and especially will it b ruinous to farmers. SPINNINQ INDUSTRY PROSPEROUS The spinning industry of th entire world is enjoying an er of unprecedented prosperity Cotton goods are abnormal! high, the spinners have sold th entire output of their mills fo many months ahead. Many mil lions of new spindles are in ac live operation, and the grea difficulty of the jobbing and rt tail trade is to secure the promp itf>livrru r?t" frliAir r?n ? qos 1 , - . X' has ceased to be a question c price, but one of delivery c goods The Fall River Mills c New England are not only d< daring splendid dividends o their investment, but recentl declared dividends of 7 percen on the wage earnings of thei employees, Yarn spinners 1 the Oarolinas have told me pei sonally that they could pay 1 cents tor new cotton at this'tim and make good money. I wi recently informed that a larg cotton mill in Alabama woul net eighty per cent, on its it vestment this year. I rejoice at the prosperity ( the manufacturers. I war them to prosper. Upon tli success of the mills depend th i success ol the growers. I hop the day is not far distant whe tho whole South will be hone} combed with cotton factories an that the Round of busy spindle can ba hoard in sight ol nearl / I 1 A 1. - ll every neiu growing ?ne neec staple, But J afto want to s the growors prosperous and hap py, enjoying with the mills lair and equitable division < the profits arising from the pr< duction and manufacture o! tli Souih's great staple crop. W control an absolute monopoly < 11 Southern SOUfH'S GR le Unexcelled dini Through Pullma , on all through tr id ient schedules or >t Winter tourist r, effeet to all Flor ,i full informatior ie routes, etc., cons d ern Railway Ti n BROOKS MORGAN, A,G.P. Atlanta, Ga. 1 Ij the strongest Bank in Lancai ;&gj^a?gyi6? 8 * the staple and should so saloy guard its marketing as to enjoy to the tu 1 lest extent the fruits ol so maguificent a heritage given e to us so Ireelv from the hand of r providence. I want to see a 8 closer relation and a better understanding between the cote ton producers and cotton manu , fac'urers. I hope to see a direct p trade established between growf er and spinner. The meeting between representatives of our Association and representatives from domestic and foreign spin ners called to meet at Washington City, May first, will be the first meeting of the kind in the history of the cotton industry j. and I feel will be productive of great good. Our staple should e be placed in a better p ackage, a marketed in better condition and K with more intelligent methods. y The groundwork has been ale ready laid and progress will be r made each year to the benefit of I i flip ont.irA Smith 1 CURTAILING PRODUCTION. 1 5 * it The slogan lo he preached ( it from the valleys and liilllops of >1 tlie entire cotton belt (luring the >1 next three months is the curtail if ment of the cotton acreage for >- l'JOG and an increase of the lood n supply crops. Independence in y cotton production can only come t. to those engaged in its culture ir through a system of selfsustainn ing farming. This is the first r great lesson to he learned in the 4 business, and the second is tha? e of systematic and profitable is marketing. Fill your corn cribs ;e and smokehouses from the prod ducts oi your farms and thereby i- be in a position to maintain the ' price of your cotton on a fair if and profitable basis. it If the world has more cotton ie than it needs at this time cur-1 ... * . j ., r o tan production anu reciuce ine >e yield ?1 Hie staple to tho actual n needs of consumption. The cotr ton acreage must not he increas(1 ed this year. Every man who is did not decrease his acreago ful y ly 25 per cent, last year, should y do so this year. Cotton is to>e day the cheapest product on the ) market. The cotton growers rea ceive less compensation for their of labor than any other people in o the United States, not .withstand* io ing they enjoy an absolute mo # nopoly of its production, while of 2-3 of the civilized world depend k ?. ?? V fk : "The Old ] \ < THE BANK OF LANCA 6 ^ CAPITAL " JJ SURPLUS Loans made on Real Estat< 8 U Collections given prompt a N Interest allowed on time d< 1 Your business solicited. 1 ~~~~ '?rr " IIIWIBIIMIIWIIII Kailuxtji| system ng car service. ln sleeping cars ains. Conveni all local trains, ates are now in ida points. For i as to rates, >ult any Southcket Agent, or twmmammmmmammm?mmmmmm?mamammmm A., R. W. HUNT, G.P.A., Charleston, S. C. A~ Reliable." - U STER, Lancaster, S. C. V $50,000.00. M $50,000.00. ^ * 8, at reasonable rates. H md careful attention. K eposits.. ^ ^ne oldest, the largest and |1 ster county. jg jpon the staple tor clothing. Let lie appeal to you now while it 8 yet time, to pause and rellect ind not rush headlong to fatal lestruction by planting an increased acreage in cottou this \ pear. A short crop will pay you ' iood profits, a large crop will nean uot only disaster tor you personally, but for the whole South. Let t?s act with wisdom md discretion and let the consuming world understand that ve can and will manage the coton crop of the South on a pro- K liable basis to the producers. WORK OF ORGANIZATION. In conclusion let me impress jpon you the high importance it extending and perfecting the irganization <f the Southern Dotton Association to the end that every man in your town ^ ship or precinct wi\l speedily become a loyal and patriotic member of this great movement. \T L. _ 1 ? I i nutnuig own ue accompusnea without systematic effort and thorough organization. T h e forces with which we have to contendihave b en organized for fifty years and have unlimited resources ot both brains and money. Learn to have confluence in your association and its leaders. Determine to contribute to its support, that its efforts in your behalf may not be handicapped for the want of friends. Combine with your local merchants and bankers to safeguard and protect the value of your great staple crop from * the withering and blighting * hands of its enemies. Cut down your cotton acreage, increase your food supply crops. Live at uome. iioia your cotton lor fifteen cents and victory will be yours before the bot days of ? summer are fell over this land of 1 lie free and tbe brave. For Sale I will sell to the high- A est cash bidder my ( Blacksmith Shop including all my tools, forges, etc. Don't all speak at once. F. R. MASSEY. / i c>