The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-09-28

preventing a Cutting OF the marke; and
producing the low prices that follow an
oversupply.
The plan adopted Is what IS known as
the Waco plan.'' and contempiates the
issuing of three kinds of shares in the
corporation. The first is intended TO pay
corporation. and contemplates a price OF
SO per share. to be taken by cotton grow
ers. The second is TO be disposed of to any
is intended to be paid for by the business
men. bankers and inhabitants OF that To-
II SUFFICIENT money cannot be raised #
Is within the discretion of ths president
and directors OF the corporation to issue
stock from the general fund to make up
The third kind of shares to be issued is
for the erection Of warehouses at deep
water freight rate points. such as New
Orleans. Memphis and other shipping
Money for the erection Of these ware
houses is to be secured In the same man
ner as that with which the local ware.
houses are built. and the president and
directors shall have the same discretion in
making up any deficiency.
WACO PLAN ADOPTED.
The Waco plan has been adopted BY the
Cotton Raisers' Association OF Texas, and
Endorsed by the Waco Business Mems As
ISOLATION. 1t was presented to the Cotton
m
day morning by Judge Eugene Williams
Of Waco. Tex. and referred to a com.
mittce composed Of Harvey Jordan Of
Bedferd Of Tennen xle II Sor s,ex n Il Il
Florida, p. NJ. Potts Of Louisiana and r.
n. Sprights Of North Carolina. all prom
terday morning reported in favor OF the
ADOPTION Of the plan. Judge Eugene VIII
nams OF Waco. will at once take steps 20
organize the corporation.
association al
uon urging cotton growers to withhold
from the market all cotton of the rniddiinr
grace unless 10 cents pound he secured
for t. Also that the cotton crop be n,ar-
ketet as slowly as possible during the
months OF October and November with a
view to not Elut the market ard thus Sc
The officers elected by the Southern Cot
ton Growers Association are: President
Harvie Jordan Of Monticello. Ga: first
vice president. Judge Eugene Williams OF
WACO. Tex: secretary and treasurer. John
r. Allison. Concord y. c. Ar Executive
Committee. composed of one member from
The next meeting will be held at the cal!
OF the president and the Executive Com
mittee.
EDMUNDS RESOLUTION.
A resolution introduced by Richard H.
Edmonds. editor Of the Manufacturers
Record. was adopted. as follows:
The convention. recognizing mutually
this great staple and appreciating the
fact that both are alike Interesting in
overcoming the power OF the Spectator
In creating the wide fluctuations OF prices
which are a curse TO all. extend to the
cotton manufacturers of Europe an invi-
tation to visit this country as only
through personal study will II be pos
sible for them TO see that every effort
Is being made to suppress unduly prices.
which injury now done the planter will
finally react on the manufacture.
II the manufacturers of Europe. rs well
as those Of New England will endeayor
to fix a fair permanent price for cotton
which will yield the producer a profitable
ring the boil weevil as an unsolved prob
lem. agree to furnish the world enough
cotton to meet its ever-increasing demand.