The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-05-12
MEETING OF THE SPlNNERS.
IMPORTANT ADDRESS WAS MADE
BY COL. ID. A. TOMPKINS.

Interests of Connecticut and North
Carolina Are Identical - ResOIu-
lions Passed Favoring the Ship
Subsidies Bill, the Nicaragua Cam
al Bill and the Appointment of IA
Commission to study Trade Com
ditions fn the East.
Charlotte, N. c., May 1.-THE Cotton
spinners' Association on this, the clos
ing day of their convention, listened to
an address by D. A. Tompkins of this
city. Mr. Tompkin's subject was 1.-THE
Unifcation of American Interests" He
said:
To-day, for the first time In a hundred
years, a condition is reached in which
the interests of Connecticut and North
Carolina are Identical 1t is hard to real
lie this, but it is nevertheless true"
In discussing the need of better trans
portation facilities Mr.. Tompkins said:
IT am in favor of whatever expenditure
is necessary to create and maintain as
good transportation facilities on the seas
as we have on land. We have the best
in the world on land and the best home
markets as a consequence. What we have
on the seas is hardly worth mentioning
and our foreign trade is proportionately
small.
IF we cooperate in the development
of manufactures AID the fostering of sur
rounding conditions, there is no such thing
as competition between New England and
the South.
1.-THE greatest danger to our manufac-
turing interests lies in the inelastic fea-
ture of our banking system"
Want Ship Subsidies.
The following resolutions, introduced
by Mar. Tompkins were unanimously
adopted:
Resolved, That the Southern Cotton
Spinners' Association recommend to
Congress the enactment of legislation
carrying such compensations as will slim
ulate the development of American ship
ping interests under the American flag
to an extent necessary to handle Ameri-
can commerce on the high seas in time
of peace, and which will provide at the
same time such transports and auxiliary
service as may be needed in time Of war.
Nicaragua Canal BILL.
"Whereas, it appears that one of the
principal difficulties lying in the way of
the construction Of the Nicaraguan canal
seems to be due to doubt as to whether
the canal should be fortified or not, 1t be-
comes desirable for those business inter
ests for the service of which the canal is
proposed, to formulate some expression
on this subject for the information of our
legislators; therefore be 1t
Resolved, First, That this association
hereby expresses itself in favor of the
construction of canal under the provis-
ions of the Hay-Pauncefote treaty and
subject to such other treaties as may be
desirable to secure the neutrality of the
canal in time of war and to free 1t as a
commercial facility from all necessities
OF war, but that our government shall be
sole owner and reserve the right to for
tify the canal in event of any violation
of those neulralizing treaties
Second, we approve the action of the
House Of Representatives in the passage
of the Nicaragua canal bill and recon-
mend speedy action on the part of the
Slnate.
Trade With the East.
Third. Resolved That the Southern
Cotton Spinners' Association earnestly rec
ommends the passage Of the bill before
Congress providing for the appoin tment of
a commission to investigate and report
upon the commercial, industrial and eco
nonlic conditions of China Japan and eth
er Eastern Asiatic countries for the pur-
pose of further Developments Of American
trade in those lands"
After the adoption OF the resolutions.
Arnold b. Sanford, president and manager
of the American Cotton Yarn Exchange Of
Boston spoke on Fine Cotton Manufac-
turing in the South" and Leonard b. Pau
sen OF New York spoke on THE Sale of
Cotton Yarns"
At to-nights session of the Cotton
Spinners' Association, Mr.. r. H. Edmunds
of the Baltimore Manufacturers Record.
spoke on the South's interest in Ameri-
can shipping Ex-United States Minis
ter John Barretts address closed the
speaking The finale was a banquet az
the Central Hotel.
Scale of Prices Fixed.
At a special convention of the board
of governors held to-day the following
schedule OF prices was adopted:
Single skeln:
5. 15hc; 10, ice; u. 1910; IA. tic; 16, l7tkc;
IS, lsc; 20. 1910; %, 191zc; 26. 2015c.
Single warp:
s, Ice; 10, 1slkc; Y, 17c: IA. 171kc; 16
lsc; Is, 1sikc; 20, 100; "a. 21c; 20, 211kc.
Two and three-ply skeins:
Q, and 4-piy, skeins, 16c; 2. 8 and 4-ply
10 skeins 161sc; 2, 3 and 4-ply, - skeins,
17c; and S-ply, IA skeins, 1sc; and 3, lG