COOPERATIVE MARKETING OF COTTON 15 
mum. The association assumed the expense of organization under 
an arrangement whereby the Tennessee Farm Bureau Federation 
agreed to refund $10,000 of the amount expended before the expira- 
tion of the five-year contract. Money to defray immediately the 
organization expense was borrowed by the association from a Mem- 
phis bank, from several county farm bureaus, and from individuals. 
The association was incorporated in Tennessee June 4, 1923. The 
board of directors was formed by the election of 10 men representing 
the 10 voting districts, and 1 public director selected by the presi- 
dent of the University of Tennessee and the State commissioner of 
agriculture. The main office was established at Memphis. Arrange- 
ments were made with the Arkansas Cotton Growers’ Cooperative 
Association for the handling of its cotton, including pooling, financ- 
ing, selling, and clerical work, on a cost basis. 
Beginning with the 1925-26 season the Tennessee Cotton Growers’ 
Association plans to have its own operating departments, with the 
exception of sales. In selling it will use exclusively the sales service 
of the American Cotton Growers’ Exchange. 
MISSOURI COTTON GROWERS’ COOPERATIVE ASSOCIATION 
The farm bureau organization in Missouri sponsored the move- 
ment which led to the formation of the Missouri Cotton Growers’ 
Cooperative Association. 
The membership campaign began February 1, 1923, under the 
direction of an organization committee of 11 men who had been 
named at a state-wide convention of cotton growers. It closed May 
15, 1923, with 470 contracts signed, representing 12,121 bales on the 
basis of the 1923 crop, or some 2,000 bales more than the 10,000-bale 
minimum which had been agreed upon. 
The association was incorporated in Missouri, July 11, 1923. <A 
board of directors was elected, composed of nine men from the nine 
voting districts which had been established to include the cotton- 
producing area of the State. Three directors were named as an ex- 
ecutive committee. Headquarters were established at New Madrid. 
The association’s sales, clerical work, and financing are handled 
on a cost basis by the Arkansas Cotton Growers’ Cooperative Asso- 
clation. 
ILLINOIS COTTON GROWERS’ COOPERATIVE ASSOCIATION 
In 1924, cotton growers in five counties of southern Illinois or- 
ganized the Illinois Cotton Growers’ Cooperative Association, with 
21 members. The membership campaign began July 22, and closed 
September 13, 1924. Although the minimum fixed in the campaign 
was 1,500 acres of the 1924 crop, the association was formed on the 
basis of 800 acres signed up at the close of the campaign. 
The movement for cooperative marketing was urged by a number 
of progressive farmers. They were given encouragement and assist- 
ance in organizing by the five county farm bureaus in the cotton- 
producing area. Nine men composed the organization committee. 
The association was incorporated in Illinois October 8, 1924. 
Offices were established at Mound City, and arrangements were made 
