The Savannah morning news., 1900-11-21
COTTON CONVENTION
oF INTERSTATE ASs0-
CIATIoN IN MACON.
SPEECH or HON. HoKE SMITH.
.,nJEcr WAS TO ARRANGE ron a
STATISTICAL BUREAU.

E,rurrs Have Lost NBueh. MIR. smith
uclteNcd. by the IniudiciouS MARK
..tins of Their Crop-ny Rushing II
the Market 10 Went to the spec
uinturs Instead of the Consumers.
.rhrre vital Questions 90 lie Con
.tJercd Next Year.
Mason. Ca. Nov. 3.-The Southern In
,e-.,sts cotton Growers Association.
val.6 was formed in Macon last May
b.stt arst convention here to-day.
Precedent Jordan stated thai the prime
,.s... ID the convention was 10 form an
irt ..s bureau for tho collection and
dt-traa.ou IL statistical information re-
1s.r. .9 tne cotton business OF the south.
,-l Il .nset the ovcrcstimatiug a par
t,es uaom be believed Irresponsible.
Uar Hoke smith of Atlanta was the
r-.r .ll speaker Of the day Ills address
,,-t5s.s largely OF the historical and sta
f..t....l ana was well received Mr.. smith
s4l4 in part:
sN4.s cotton to-day brings 10 cents
,etr! il mas only been thrce years since
,sa ron was selling at o cents per pound.
what are the elements wAich pave caused
,r.- variance in price, Recognizing the
law Of demand ard supply We must seo
taai The depreciation IN the price OF coz
tan has aeeu due to a production Of thc
| ftapis In excess OF the demand for man
| ufac;ured goods. A knowledge of the sup
p.y of cotton and Of The demand for cot-
| ton goods for consumption viii enable The
producer 90 tell or the time of the year
. when cotton Is picked the price at which
nt cotton should sell. Another cause
| which has facilitated the dcprecia;ious
| Il price at the sime the cotton left the
| fsuds Of the planter has been the unhus.-
| uessllke plan Of selling IL.
Wait for the Consumer.
More than - per cent. % the cotton
uach Is used IN the great cotton mills
O. enc world !, raised in our section. Tn"
| nsls run during twelve months. They
| aed sae cotton as much Ia July as they
d. ~ December The plan of selling has
asreelrded the time Of consumption. In
sead of handling the crop So that ii
vuald be sold from month 20 month dur
.rs The year. as the mills required Il for
u.e t mas been the practice OF the plant
"a n the South 20 rush their cogtou onto
- market during a period limited ai-
r.f 20 two months forcing its purchase
i p spoculatop. rather than holding the
D-a until the consumer or mlll owner
t.ee after 80.
am thankful to say thnt cost OF the
ss.ppi river during the present year
planters have been informed as % she
eI.nt of the crop and as to thn world
4ud for their co.ton. Rclizlng Thar
was WORTH al least 10 cents pound
more. they have declined to sell IL Tor
4 -- They have received l0 cents Tor what
i have sold.
.I.y the cooperation OF the merchants
tho bankers they have been enabled
s. soon as the buyers succeeded iu dee
inC the price 10 take their cotton
The market and as a result they To-
see tile price ~ cotton going hack ~
re figures az which it sold during the
.th ~ September. and have no doubt
e. balance Of the cotton crop thus cared
ty our farmers D bring them over
cents "A pound. This price, however.
Ia hardly have been realized had the
.-ners raised 100000 bales more Of cot
Three Important Questions.
erherc are three questions Of vital i'm.
a-taucc which affect tho price OF next
tssr's cotton crop. They are how much
she mills OF the world consume in
How much lint cotton viii the bal
tf.e ~ the world produce for other shau
cutetic consumption Ia 1901? How much
Ue produce in the South iu lsplt.'
e1runuinR. Mr.. Smith said;
tly years have shown an increased
.uI for cotton goods. causing al in
ceased demand for lint cotton of aooG.
e H5r cent. While the next deca.e NAV
Row proportiouate inerca fci de-
tHHl Z have no dout that oy tho cnd %
"e five years the manuiaciuriug OF
te - vail consume over 30oo0Ooo bales
cotton annually
Naaa thc Southern planter should aim
r Giving for his lint cotton iir fuil
ifs value care must De taken that
south shall maintain her supremacy
# cotton producing section OF the
tH England Russia and Germany
devoted and are devoung great at-
u aa nations 70 cotton culture. Tho
l.H States through the agricultural
ttWeut at Washington. should give
'H culture "a full proportion % atten-
tri saould furnish reliable infor-
~ the progress which Is being
'' Aofoad iu this great American sta-
accurate Information should nlso Dc
i ey the agricultural Departments
#1ies which are engaged iu pro-
Hrt cotton, 10 the end thnt thr
may obtain before planting their
Ae probable worlds demand. ani
y .anif worlds supply. md later on
season when the time FOR bega-
81 sell cotton arrives. the piautcri
| - relably acquainted from these
AtF sources with the probable prod
| ' opr own cotton sFaislng section
ns AIR Smith urged the dlYersi-
.atIau VI crops.
2 T. Patterson q North Carolina
the convention on the organiza-
the farmers IN his state and said
georgia. and the Carollnas would
aate 20 buy cotton from other
e supply their rapidly Increasing
mills
Pian of Organization.
he afternoon session Capt John A.
tr"ke on the relations Of the banks
cotton growers and the business
.fe made the following report
was adopted:
| That 81 interstate cotton plant
| 3chiion be organized.
. ad That each stale association be
inrfe representatives upon tine
ite executive committee
III That the Interstate executive
Tee be authorized 70 adopt a con-
on and elect officers
.s- ~. That the chairman and xrcre-