Raleigh, N.C., Nov. 22, 1920.

NIGHT LETTER

Memphis Cotton Exchange,
Memphis, Tennessee.

Official duties of great importance make it impossible for me to attend cotton meeting Memphis December seventh. If a fall from forty-three to fifteen cents a pound will not convince the farmers that it would be idiotic to plant more than half a crop of cotton next year they would not be convinced though one rose from the dead. The only plan that has one particle of permanent value is to have an organization, every member of which will be required to swear that he will plant enough food and feed crops for the use of the people and stock on his farm. Full crops and full smoke houses are the best warehouses in the world for keeping up the price of cotton. They are the best banking houses in the world for financing the farmers. The American Cotton Association out to require as a condition of membership every member to take an oath that he will make his own supplies on his own farm, and require tenants to do so. If the farmers of the cotton belts will all make their own bread and meat, grain and hay, they cannot make too much cotton. If they refuse to do this they will always make too much cotton.

This is all I could possibly say if I attended the meeting.

T. W. Bickett.

(Charge Executive Dept. State N.C.)