COOPERATIVE MARKETING OF COTTON 9 
the right to cancel or withdraw their membership. The goal of 
_the committee was, therefore, 1,000,000 bales; the minimum sign-up 
necessary for organization, after the right of withdrawal had been 
exercised, 500,000 bales. The membership fee was $10, with the 
understanding, as the result of agreement between the Texas Farm 
Bureau Federation and the United Cotton Growers of America, that 
in consideration of their promotional activities the members of their 
organizations might join the association without the payment of 
this fee. 
The committee was given active assistance by approximately 50 
county farm bureaus. In June, the State Farm Bureau Federation 
had 125 paid solicitors at work. The Texas Bankers’ Association 
indorsed the movement and appointed a committee to assist in the 
sign-up campaign. When it closed on the date specified, 19,146 
Fic. 1 Headquarters of the Texas Farm Bureau Cotton Association, Dallas, Tex. This 
property, owned by the association, is valued at $171,250 
contracts had been signed, representing more than 600,000 bales on 
the basis of 1920 production. 
Inasmuch as the sign-up was less than the 1,000,000 bales agreed 
upon, signers were given an opportunity to cancel their contracts. 
The committee, however, believed that cancellation would not re- 
duce the number of bales under 500,000, and they proceeded to 
effect permanent organization. The association was incorporated 
in Texas, July 27, 1921. Twenty-three directors composed the 
board of directors, 20 of these representing the membership of the 
20 districts of the association, and 3 being appointed, respectively, 
by the Governor of Texas, the president of the State agricultural 
and mechanical college, and the president of the State Farm Bu- 
reau Federation. Five of this group were named as an executive 
committee. An office was established in Dallas (fig. 1), and the 
association was ready for business in September, 1921. 
71246°—26——2 
