72 AGRICULTURAL ORGANIZATIONS. 



raised in the world, and this is proven by the fact that there is no accumulation 

 of it. Now, it is true that the old doctrine of price being regulated by demand 

 and supply holds good in this instance, but in a country where every seventh 

 person is either a pauper or is the recipient of public charity in some shape, 

 the demand is very materially modified by the ability to purchase ; and that 

 whenever the ability to purchase is enhanced, the demand will be very mate- 

 rially increased. 



"Now, if by reducing the tariff, English cotton goods were introduced, 

 cheaper goods would increase ; the ability to purchase and the increased 

 demand would act upon the limited cotton supply by increasing the price of 

 the raw cotton, which would, in turn, raise the price of the cloth to its present 

 price, or perhaps higher, and still keep up the increased ability to purchase 

 by the increased amount of money put in circulation by the cotton-producers, 

 who would be receiving an increased price for cotton. Therefore, the result 

 would be, not to lessen the price of cotton goods, but to increase the price of 

 raw cotton ; and it is held that the increased demand would, as far as justice 

 is necessary, compensate the mills for the loss of profit. 



"In conclusion, it is hereby recommended that this body formulate some 

 plan of universal co-operation among our people, whereby each Sub, County, 

 and State Alliance shall have an agent, and that a national agent be chairman 

 of a board composed of the different State agents, and that a system be es- 

 tablished for conducting the production and disposition of the cotton crop. 

 Such a board could have accurate and reliable information every month, as 

 to the condition of the crop in every neighborhood in the eleven Southern 

 States. They could negotiate and consummate arrangements tending to an 

 increased price ; and should all negotiations prove of non-effect, they could 

 adopt a graduated scale for the reduction of the cotton crop, which would be 

 an injustice to none. This plan is simply offered as a suggestion, and it is 

 hoped that something of this character will be adopted. 



"C. W. MACUNE. 



" A memorial to the Congress of the United States, touching the questions of 

 protective tariff, silver, and bonds was referred to the Committee on Demands. 



"A printed letter from the Knights of Labor was read, and on motion 

 referred to the Committee on Resolutions. 



" The following, offered by N. H. C. Elliot, was adopted : 



" Whereas, The farmers of North Carolina have an organization known as 

 the State Farmers' Association, the declared objects and purposes of which 

 are in accord with the general principles and purposes of the Farmers' 

 Alliance; therefore, 



" Resolved, That a committee be appointed to present to that body, at its 

 next annual meeting in Greensboro, on the second Wednesday in January, 

 1888, the general objects, purposes, and principles of the Farmers' Alliance, 

 to the end that the said Farmers' State Association may be induced to adopt 

 the same and become thoroughly affiliated with us. 



*' Whereupon the president appointed N. H. C. Elliot of Texas, L. L. Polk 

 and S. B. Alexander of North Carolina, said committee, 



