The Montgomery advertiser., 1905-02-06
YARN MEN ORGANIZED
SOUTHERN ASSOCIATION PERFECT.
 ED AT CHARLOTTE MEETING.
Principal NBussness win he Enforce meaf of Cemfrness Befweem spin- ners and ComiAssien Houses
 Of Kmffferp---AGree- maemt nmwOFwaA.

Charlotte, N. C.. Feb. 4.--AEannfae- turers of hosiery or soft cotton yarns in North Carolina, South Carolina, Georgia. Tennessee and Alabama, said
 to represent more than majority of Southern spindles 60 engaged. met here today and completed the organization begun at meeting held at Atlanta Last Saturday by forming the Southern Soft
 Yarn 6pfnners Association, the princi- pal business of which win be the en- forcement of contracts between the
 spinners and commission houses of knitters for the purchase of yarns. To
 this end 1t was provided that each mill Joining the Association shall sign the following agreement:
 We, the undersigned members. here by agree that whenever an effort is made to cancel any order which has
 been placed with us that we will not agree to the same unless we are ia fault,
 and that in case of disagreement all the correspondence shall be submitted to the secretary who shall certify exam
 ination in the matter and shall corre- spond with the commission merchant or spinner who desires to cancel and notify them that the matter has been referred to the association and that said knitter is required to submit such favorable evidence as he may wish. A quorum of the advisory board shall look into the matter of cancellation, and after careful consideration. If 1t is believed advisable and the circum- stances warrant suit shall he brought against the knitting or the commission merchants to compel a performance of the contract, the expense of same to be borne by the association. In the event that the advisory board shall determine that there Is not good reasons for ac-
 ton. the spinner shall be so notified
 and the association shall not consider
 the matter further"
 The members of the association are
 to be assessed as follows:
 Five dollars per year for each thous-
 and spindles actively engaged in the
 manufacture of hosiery yarn with the further right to assess mills $5 addi- 'tional for each year in the event that
 the expenses of the association shall demand so much. In explanation of the contract agree
 ment it was stated that sptnners now had a number of contracts made at g considerably higher figure than the rul- ing price today and efforts were appar-
 entity being made by the purchasers to
 decline to take the goods. It Is
 planned to secure the best legal talent
 available to put a stop to repudiation of contracts.
 ohacers were elected as follows: President. J. W. Cannon of Concord,
 N. C.; vIce-Presidents. L. D. Tyson.
 Knoxville, Tenn: s. A. Carter, Atlanta,
 Ga; T. D. McATiIlan, Talladega. Ala.
 Secretary and Treasurer, A. O. Hutchi-
 son, Charlotte. N. c.
 1 Reports submitted to the association showed the trade to be in good shape
 with practically no yarn for sale. | NFhA 1nwr n~UanfQaf finF ErIreAAdM the
 Southern Hosiery Yarn Spinners' Asso-
 citation, which has been in existence
 some years. The matter of scale of prices was considered, but the action taken with regard to controlling prices
 was not divulged.