The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-05-13
ADDRESSED
COT TON0MEN.
President Roosevelt Receives and
Speaks Before Cotton Manu-,
facturers' Association. "A
BODY ELECTS ITS OFFICERS
MIR. Price, Of North Carolina,
Tells Organization How Spec
uIation Can be Curtailcd.

(By Associated Press2 III
X WAsHINGTON, p. G.. May s'.n LIZ
American Cotton Manufacturers Nsso-
ciation. at Its conclusion ceremony 70
daS.gwas addressed by Theodore II. Price.
of New York, on tho effect OF speculation
upon the cotton manufactured
= Mr.. Price stated at the outset tnat
he saw no way to eliminate speculation
from tho commercial world. us bane1ai
Influence could be- curtnlled, he believed,
by the education OF the gainpler- ~ ny ~;
unthinkiiig Speculator. lie sngsesteu
that there should be an Increase IN the
marginal requirements ana torlll "
contract whereby an actual buyer OF
cotton for future delivery mlght desl5"
Snato tho grade wanted.
ut tho business session, which lasted
over two hours. the following officers
wclo elected: President r. 5. Relnhardt,
Lincolnton. N. c.; Vice-Presldent, a. "a.
Lowe, lTtchburg, Mass; Secretary ana
Treasurer, G. 4B. Bryant, Charlotte, N. 60
Chairman OF Board Of Governors, r. K.
Ray, McAdenvlle, N. c.; on Board Of
Governors. II. M. Swift. Elberton, Ca;
j. G. Smith, Newton, N. c.; Val Taylor.
5Unontown, Ala; j. p. Leak, Rocking
ham, N. 81; w. G. Heath, Monroe. N. @;
and A.laJ. Draper. Poll City. Ala
Tho next convention will be held at
Knoxville, Tennessee, the second we'd
nesday8and Thursday in May, 1908.
Resolutions were agreed TO endorsing
the establishment of Industrial schools
throughout tho country; also for COM
mittee to meet the Southeastern Cotton
Buyers Association to formulate salts
factory rules between the buyers and
mills In regard to the delivery of cotton
The retiring president. Mr.. Heath. was
presented with Il silver service By the
association, the presentation being made
- ,f t1,n nj a II
One hundred and sixteen new members
were received into the association during
h the convention
This afternoon President Roosevelt re-
ceiVed tho members of the association,
their families and guests IN the East
Room of&the White House.
RECEIVED AT THE WHITE HOUSE
After the members Of the association
had assembled IN the White House Presi-
dent Rclnhardt expressed the thanks Of
his colleagues for the opportunity to
meet the President. 10 this President
Roosevelt expressed his satisfaction for
the reception. amy American would be
proud to greet such n body as this" he
continued. "A body of men who stand
for so much in the industrial develop
ment of the country, and who particu-
larly stand for making that Industrial
development apply to all sections of
country. All seeing men must view With
peculiar interest and must have a special
concern for any industry which Is show
ing such marked growth In any given
section Of tho country.
1T Is to tho interest Of each section
that there should be a diversity of bust
ness in 1t; that It should not be merely
agricultural, but should contain manufuc-
turtles also. 1t is of interest to the whole
country that each section should flour
ISL.
IF there is one lesson more than any
other which all OF us need, not merely
to learn but to keep ever fresh in our
minds, 1t is that fundamentally we shall
all go UP or go down together. There
are exceptions. of course. Occasionally
men will prosper through adversely, and
there are men who, In general pros
perity, will fail to get their share of that
prosperity But, speaking broadly VIC
shall all go up or down together. In
the long run disaster to one section
means disaster to the whole. National
well doing and national prosperity means
prosperity for the employer and the wage
Garner alike. For under no conceivable
circumstances will it be possible that
one should be prosperous and the other
suffer as permanent thing Either all
Of us will 20 up or all Of us will go
down. Therefore, it is a matter of pecu-
liar interest to me, from the standpoint
of all the country, to meet you and greet
you to-day