The Farmers National Bank
;.rU Louisburg, IN. C.
The Cotton Market
- One day last week it appears that the Louisburg cotton buyers -with
drew from the market, it is alleged, as a protest against the appointment
of Mr. W. Hal Mann as weigher. The streets were full of cotton,
there were no buyers, and the farmers were saying in no uncertain terms ,
what they thought of the little fiasco. But the market was interrupted
only for a short time. The Farmers National Bank was alert to the sit
uation, and soon had used its good offices in getting several new buyers
on the street who bid briskly on every bale of cotton, raising the price to
the highest point possible. The Farmers National Bank rendered a ma
terial service to its friends, the farmers.
Whatever may have been the cause of the buyers quitting the mar
ket, whether they thoughtjmly they could buy cotton, or that they may
have owned our streets, or that they could force the commissioners'; to
recede from their position, or for some other . reason not
made clear, we do not know, and we will therefore not undertake
to say, but we do know that the little game was an exceedingly small
fiasco, that no one man owns our town, our county, or its^officers, that
the farmers would not be willing to accept a cotton weigher selected by
the cotton buyers, and that the great majority are very much pleased
Had something of this kind come up under the old order of things, it
would have been different, but the farmers are coming into their own.
They now have a voice, they "speak easy and use their own bank as a big
stick," and get results. Note the results that came from the stand
taken by the Farmers National on the warehouse ring, which was a crea
ture that is no more. Note how quickly we brought order out of "the
little fiasco that confronted us last week in the cotton market. Note"
these results and give us your co-operation. We have done much, but
we could do a great deal more, if the farmers generally would join with us
and help us on with the good work.
1
THE FARMERS NATIONAL BANK
LOUISBURG. N C
Under Supervision oT the United States Government.