The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-10-23

the matter with It? What have jr
North Carolina is the average OF the other
cotton States. The mill men of the coun-
try will soon now realize what tho cotton
supply really is, and they will begin to
buy. There is not enough to go around
and prices will rise. There will not be
more than 100000 bales this year, and
the world reeds more than that. The
thing for the farmers to do is to get &C
uuainted with the situation, send circu
lars around and hold their cotton. Agi
tate the question. Don't boycott. The
manufacturers are part of us. When they
know the real condition they will be glad
to give ten cents. Go home and tell your
people they have the price of cotton IN
their own hands if they will only manage
it."
Secretary of State, ]. Bryan Grimes,
said that the mill men believe there is a
crop of twelve millions, and if they knew
the real crop they would gladly buy their
cotton from us, they would rather buy ii
from us, and when they find the truth they
will rush to the market. Substantiate the
fact that there is a short crop, and we will
have prices in our hands. Let the men
mold their cotton. If they are bound to
sell, let them store it in the warehouses
as collateral. This is our salvation. In
the history of our nation there has been
only two decades where cotton brought
less than ten cents. 1t is worth more than
ten cents. We cannot raise more cotton
than is needed by the world. We have
reached the limit of our capacity Find
cut the truth, and I believe we can get
eleven cents for our cotton. l hope some
one will move a resolution which will be
effective"
Mr.. Parker offered the following reso
luton, which was read, seconded and
unanimously adopted:
whereas, From all the trustworthy IN
formation at our command. the present cot
ton crop of the United States will be a
short one, not over rs per cent of last
years crop in North Carolina, and will not
be enough to meet the demands of the
trade, and IN consequence of this shortage
in the crop the price must advance from
the present price; therefore be it
Resolved, That this convention request
the cotton farmers of this State and the
other cotton growing States TO hold theil
cotton for at least minimum price OF ter
cents per pound.
Second, That when holders of cottor
find it necessary to obtain money on cot
ton that they endeavor to procure the
same as a collateral, not to be placed OF
the market in a reasonable time for less
than ten cents per pound.
Third That committee OF ten be APP
pointed to confer with Mr.. Harvey Jor
dan. President of the Cotton Growers
Protective Association, to consider the in
terests of the cotton growers of the United
States
Chairman Daughtridge appointed the fol
lowing gentlemen to serve on that com
mittee: Senator j. p Allison, of Colum
bus; Secretary T. B. Parker, Orange
Gen. w. r. Cox, Edgecombe; ]. G.. Ham
rick. Cleveland; S. l.. Patterson Caldwell
S. B. Alexander, Mecklenburg; Ashle,
Horne. Johnston; Hon j. Bryan Crimes
Pitt; w. H. McLaurin, Scotland, and w
E. Cravlance, Richmond. By unanimou
consent the name of Chairman Daugh
fridge was added to the committee.
At 1920 o'clock the convention ad
jOurned,