96 
small number of cotton growers of moderate means. The 
presence of a given quantity of cotton in a warehouse is a 
sufficient guarantee to prospective buyers to advance two- 
thirds or three-fourths of the value of the crop, and also to 
banks to loan money on the cotton as security. 
Recent experiments with cotton in Hawaii indicate that 
reasonable profits may be expected from this crop in a va- 
riety of situations. The quality of lint is remarkably excellent. 
Quotations received within the past week on average samples 
of four varieties of cotton are as follows : For Caravonica and 
Egyptian, 29c per pound; 31c for sea island, and 15c for up- 
land cotton. The unsatisfactory quotations received from 
samples which have been sent by certain growers to cotton 
brokers have, in the main, been due to the fact that these 
brokers were interested only in upland cotton and did not have 
any interest in a careful examination of the long-linted cottons. 
This is another evidence of the necessity of an organization 
among cotton growers, whereby they may select the proper 
markets and make known in a business way the quality of the 
cotton which they have for sale. 
Article X. 
In his message to Congress, December 5, 1906, President 
Roosevelt said : ‘‘ Organization has become necessary in the 
business world, and it has accomplished much good in the 
world of labor; it is no less necessary for farmers.” The coun- 
try life commission, appointed by iMr. Roosevelt, came to the 
conclusion that the most important matter in the improve- 
ment of farming conditions was that of better organization in 
a cooperative Avay. The moAxment is gaining ground every 
day, but obviously needs to be extended much farther and to 
include much larger secondary organizations of cooperative as- 
sociations. The farmer has been merely a producer, content to 
let the other man distribute his products to the consumer. In 
so doing he has become a skilled agricultural scientist and the 
federal and state departments of agricuture have greatly as- 
sisted him in this regard. In the mean time, hoAvever, others 
have reaped the benefits of his skill and industry. ]\Iany of 
the largest fortunes in the Avorld have been rn^ade in the specu- 
lati\^e and legitimate distribution of the farmer's products. At 
last he is beginning to understand that by cooperation he can 
control the distribution of his OAvn products and prevent specu- 
lation in them. This Avill be of benefit, not only to the pro- 
ducer, but to the consumer. 
It may Avell be asked Avhy the farmer should haA^e ever failed 
to get a remunerative price for his products? All farm prod- 
ucts are necessities, and must be distributed to the consumer. 
