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Editorial
November 25, 1909
The Jeffersonian
Thomson, Atlanta, Mcduffie County, Fulton County, Georgia
What is this article about?
Editorial urges Southern cotton farmers to sell at 14.5 cents amid risky market, heavy late crop, and high supply, warning against speculators' advice that led to past losses.
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OCR Quality
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Too Risky to Hold Cotton at 14 1-2 Cents. Sell It. and Get Out of Debt
Cotton may go to 20 cents a pound--and it may go back to 12 cents.
This fall is a wonder. Three frosts have come, but neither was "killing". The roses are blooming in the garden; the grasses in the field. The leaves are green on many of the trees, and the sap is still "up".
Not only is there a surprising amount of unpicked cotton, in many parts of the lower South, but the top-crop is heavy.
The green bolls are ripening and opening. The visible supply of cotton is almost as large as at this time last year; and the unsold quantities of manufactured goods are immense.
The late crop in Texas, as well as that in Georgia and other States, is going to demonstrate the inaccuracy of the low estimates, on which the bull movement based its campaign.
Can you afford to gamble on future prices?
You had just as well go and bet at a faro bank.
At 14 cents, or even at 13, you are all hunky-dory. You can pay expenses, and pocket a handsome profit.
DO IT. FARMER!
The men who are advising you to hold, are those who got you into that awful fix, two years ago.
You could have sold at 12 cents, and wanted to do so: but certain Big Ikes interfered. and you lost many millions of dollars.
Some of these reckless advisers have no cotton to hold: but they are interested in warehouses. They would like to make storage, insurance, and commissions out of you. And Billy Witham would like to get some of your wool. An artistic lamb-shearer, is Billy.
(Write to Maj. C. E. McGregor, Warrenton. Ga., for some facts. Or write to A. A. Murphy, Barnesville, Ga.)
In that million dollars, which Witham is to lend on cotton, there may be a rake-off for some Big Ike; there will certainly be something nice in it for Billy.
SELL YOUR COTTON, FARMER!
Cotton may go to 20 cents a pound--and it may go back to 12 cents.
This fall is a wonder. Three frosts have come, but neither was "killing". The roses are blooming in the garden; the grasses in the field. The leaves are green on many of the trees, and the sap is still "up".
Not only is there a surprising amount of unpicked cotton, in many parts of the lower South, but the top-crop is heavy.
The green bolls are ripening and opening. The visible supply of cotton is almost as large as at this time last year; and the unsold quantities of manufactured goods are immense.
The late crop in Texas, as well as that in Georgia and other States, is going to demonstrate the inaccuracy of the low estimates, on which the bull movement based its campaign.
Can you afford to gamble on future prices?
You had just as well go and bet at a faro bank.
At 14 cents, or even at 13, you are all hunky-dory. You can pay expenses, and pocket a handsome profit.
DO IT. FARMER!
The men who are advising you to hold, are those who got you into that awful fix, two years ago.
You could have sold at 12 cents, and wanted to do so: but certain Big Ikes interfered. and you lost many millions of dollars.
Some of these reckless advisers have no cotton to hold: but they are interested in warehouses. They would like to make storage, insurance, and commissions out of you. And Billy Witham would like to get some of your wool. An artistic lamb-shearer, is Billy.
(Write to Maj. C. E. McGregor, Warrenton. Ga., for some facts. Or write to A. A. Murphy, Barnesville, Ga.)
In that million dollars, which Witham is to lend on cotton, there may be a rake-off for some Big Ike; there will certainly be something nice in it for Billy.
SELL YOUR COTTON, FARMER!
What sub-type of article is it?
Agriculture
Economic Policy
Trade Or Commerce
What keywords are associated?
Cotton Prices
Sell Cotton
Farmer Debt
Market Risk
Bull Movement
Late Crop
Storage Fees
Billy Witham
What entities or persons were involved?
Billy Witham
Maj. C. E. Mcgregor
A. A. Murphy
Big Ikes
Editorial Details
Primary Topic
Advice To Sell Cotton At Current Prices To Avoid Debt And Risk
Stance / Tone
Urgent Exhortation To Farmers To Sell Cotton Immediately
Key Figures
Billy Witham
Maj. C. E. Mcgregor
A. A. Murphy
Big Ikes
Key Arguments
Cotton Prices May Rise To 20 Cents Or Fall To 12 Cents, Too Risky To Hold
Unusual Fall Weather Allows Heavy Late Crop, Increasing Supply
Visible Supply Similar To Last Year, Plus Unsold Manufactured Goods
Low Crop Estimates Inaccurate, Undermining Bull Movement
Holding Is Like Gambling At A Faro Bank
At 14 Or 13 Cents, Farmers Can Cover Expenses And Profit
Past Advisers Caused Losses Two Years Ago By Interfering With Sales
Some Advisers Profit From Storage, Insurance, Commissions, Or Wool Shearing
Witham's Loan May Involve Rake Offs For Speculators