The Dillon herald. (Dillon, S.C.) 1894-????, August 01, 1918, Page Page Six, Image 6
Mm mt CottM of Onw
To Um Editor of Tho Columbia State:
B. H. Mom of Oruftiwrg, representing
the banker*, and myself, representing
the farmers, attended the
Washington cotton meeting, July 17
and 18. We met representatives from
all the cotton states. There was universal
agreement that in some way
the price of cotton should be stablized.
It was the opinion that this crop
will pik? up a surplus of from 5,000,000
to 7,000,000 bales which will
nave to De financed and carried. It
wu affirmed that the South was not
a profiteer, but that all we asked was
for coBt plus a reasonable profit. Sentiment
was unanimous that the South
was willing for the President to
name a price on cotton which he
thought fair and that without murmur
we would accept it. We had
many views expressed as to how the
price could be fixed. After a two
day's session the meeting finally
reaffirmed the resolution adopted in
New Orleans:
"Be it resolved. That this meeting
petition the President and the Congress
of the United States to create
a corporation to be known as the
United States Cotton Corporation
with power to buy for the account of
the United States government such
cotton as may be offered for sale
without other available buyers at a
price to be now fixed by the PresiHont
Af tho TTnifn/1 Ctatna
"That concurrently therewith arrangements
be made whereby there
shall be insured to the consumer of
cotton fabrics a price consistent with
the price of raw material, allowing
to the manufacturer a safe and reasonable
return for his operations."
During the meeting it developed
that this plan had the sanction of
some high officials in Washington.
The following suggestions were
considered.
"1. We made an effort to secure
increased shipment of cotton to foreign
countries. Our principal encouragement
along this line was that
if our compresses could make the
bales smaller, we might be allowed
the same space for cotton shipments
the coming season as in the season
now closing. We were told that it is
possible for compresses now built to
modify their machinery so as to com- i
press the cotton for export into bales !
25 per cent, smaller. This season we !
sent in round numbers 4,000,0001
bales of cotton to foreign countries. I
TX7UV. Kn '
it ivu i/c cw i tviuyicooiuu n v maj ut
able to send. 5,000,000 bales from
this coming crop. This would dispose
of 1,000,000 bales of our surplus
crop.
"2. We made an effort to secure
from the reserve banks their fullest
co-operation. We found in Mr. Harding
a sympathetic friend and believe
that he will do all in his power to
render financial help.
" We believe that every cotton
warehouse coming up to require-1
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issued by licensed warehouses will
command money in any banking center
of the nation.
4. Wo indorse a propaganda for
holding cotton and for slow marketing."
We found our representatives in
Congress opposed to price-fixing by
Congress. They say the enemies Of
cotton are anxious to fix a price and
if we spring the question the price
will be fixed at a ruinously low figure.
I think one and all will favor
price uxing 11 11 can oe aone oy me
President or the War Industries
Board.
The following suggestion was
made by the writer but not favorably
considered. Get the President to fix
a fair price for cotton and ask that
the Allies buy at this price any su>plus
which can not be sold to other
purchasers at or above this price. If
the unmanageable surplus should
prov&to be 5,000,000 bales, let.them
buy this amount with money loaned
them by our government. This cotton
to be stored in warehouses in this
country and held until the close of
the war. At the same time this
agreement is made with the Allied
nations let the War Industries
Board license every cotton mill in
America provided they can make a
legitimate and reasonable profit on
goods they manufacture; but they
must buy their cotton at a price fixed
by the President?this price to be
the same at which the Allies are
to take the surplus. This plan can
be executed without an act of Congress.
I feel sure the Allies would
lump at a chance to buy cotton on a
credit at the above terms as they
perhaps feel that cotton may sell for
50 cents per pound at the close of
the war. This plan would give preference
to England and France to
secure cotton at a bargain. Should
Germany get- any cotton we might
put an export duty to them of 25
cents a pound, and thus put them
through a freezing process for a few
years after the war preparatory to an
everlasting burning process later.
In conclusion our cotton committee
wish to thank A. F. Lever, chairman
of tho agricultural committee.
He stayed in his office ready and
willing to co-operate with us at all
times. He had an interview with the
President and other high officials in
our behalf. While he did not indorse
many of our views he showed a
disposition to assist us in any way
possible.
WADE STACKHOUSE.
Dillon, S. C.
Not Acquainted.
"Them newspapers," complained the
politician, "are charging me with bowing
the knee to Baal, and I never met
the mm in my life."?Boston Transcript.
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trained office help of the nation. It is estii
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FOR THE FLAG BY HELPING UNCL1
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iplicants for entrance in September and O
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for the weeks intervening. Those who i
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