The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1904-05-17
MEET THE PRESIDENT.
COTTON MANUFACTURERS ARE
GIVEN RECEPTION
Short Speech by President Roosevelt
Officers OF the Association Elected
To Meet Next Year n Knoxville,
Tenn.

Washington. May 1.-THE Ameri-
can Cotton Manufacturers Associa-
ton. at its concluding session to-day,
was addressed by Theodore II. Price,
Of New York, OF the effect Of specuia-
ton on cotton manufacture.
Mr.. Price stated at the outset that
he saw no way to eliminate specula-
ton from n commercial world. Its
baneful influence could be curtailed,
he believed. by the education of the
gambler-the "unthinking specula-
tor" He suggested thar there should
be an increase in the marginal re-
quirements and a form of contract
whereby an actual buyer of cotton for
future delivery might designate the
grade wanted.
At the business session. which last
ed over two hours. the following off,
GERS were elected:
President-R. S. Reinhardt. Lin
colnton, n. G.
Vice-President-A. H. Lowe. Fitch
burg, Mass.
Secretary and Treasurer-C. B..
BRYANT, Charlotte, N. c.
Chairman of Board of Governors
r. r. Ray. McAdenville, n. c..
On Board of Governors-T. NJ.
Swift, Elberton, Ga; j. G. Smith.
Newton, n. c.: Val Taylor. Uniontown,
Ala. j. P. Leak, Rockingham. N. c.;
W C. Heath, Monroe, N. c., and A. ].
Draper, Veil City, Ala.
The next convention will be held at
Knoxville, Tenn, the second Wednes-
day and Thursday in May, 1905.
Resolutions were agreed to. endors-
ing the establishment of industrial
schools throughout the country, also
for a committee to meet the South
eastern Cotton Buyers Association to
formulate satisfactory rules between
the buyers and mills in regard to the
delivery of cotton.
The retiring president, Mr.. Heath,
was presented with a silver service
by the association, the presentation
being made by D. A. Tompkins, OF
Charlotte, N. G. One hundred and
sixteen new members were received
into h association during the con
vention.
This afternoon. President Roosevelt
received h members of the associa-
ton, their families and guests in the
east room of h White House.
After the members of the associa-
ton hal assembled in the White House
President Reinhardt expressed the
hanks of his colleagues for the OPP.
~portunity to meet the President. To
this President Roosevelt expressed
his satisfaction for the reception.
ANY American would be proud tt
meet such a body as this" he con
| tinued. A body Of men who stan(
for So much in the industrial develop
ment of the country n who particu'
| larly stand for making that industrial
development apply to all sections o.
| the country. All far-seeing American.
must view with peculiar interest and
must have a special concern for an,
industry which is showing such mark
| ed growth in any given section of tn
country. 1t is the interest of eacf
section that there should be a diver
sity Of business in it, that it should
not be merely agriculture, but SHOULD
contain manufactures also. 1t is o
interest to the whole country h
each section should flourish.
IF there is one lesson more thar
any other which all of us need, no
| merelr to learn, but to keep ever fresl
| in our minds, it is that fundamental,
we shall all go up or go down to
gether. There are exceptions, o
course. Occasionally men will pros
per through general adversely, ant
there are men who, in general pros
perity, will fail to get their share O
| that prosperity. But speaking broad
| ly, we shall all go up or down togeth'
er. In the long run, disaster to o n
section means disaster to the whole
| National well being and national pros
| perity means prosperity for the en-
| ployer and the wage Garner lii Fo,
| under no conceivable circumstance
will it be possible that one should
| prosper and the other suffer as a per
manent thing. Either all of us will
go up or all of us will go down.. There
| fore, it is a matter of peculiar interes
| to me, from the standpoint of all thu
| country. to meet you and greet yol
to-day"