New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-21
COTTON MEN IN SESSION.
WELCOMED By GOTERNOR.
Nesc-Englar'd Manufacturers Meet
IN atlantic Citu.
TRr telegraph to The Tr:bune.l


ttlsntic City. n. J., Sept. 20.-Formaly vel
coined to the State and city by Governor E. c
Stokes and Mayor +. P. Stoy, the semi-annu
meeting Of the New-England Cotton Manu-
facturers' Association opened at the Chalfontt
to-day. Fully three hundred delegates were ir
attendance. representing millions Of dollars OF
manufacturing interests. James r. MacColl, OF
Pawtucket, r. L, president OF the association,
presided over the session Governor Stokes. in
his address of welcome. reviewed the cotton in
dustTy, saying:
Cotton culture is confined to the South but 1t
IS spun by the hardy sons Of the North. The
cotton gin was invented in New England.
country should be the head work of the manu-
Iacturers- In 1900 there were two and one-haIf
times more spindles in Great Britain than in the
United States but it is to be hoped this will
stimulate manufacturers to such extent that
we viii reach first place in manufacturing, as
Wen as in the growth Of the material
IN New-Jersey We have peculiar notions We
discipline the trusts by taxing them and build
schools with the proceeds so that our children
can get an education as good as they do in New
England We also build highways, and can
boast that we have one-third Of all of the stone
roads in the United States We return annually
to the various communities tbs sum of 81 000-
opo In the shape Of local taxes. Some OF the
money is used TO exterminate the mosquito pest
which exists in all States. but only advertises
itself here.
At the close OF Governor Stokess address
President MacCou read his report The BUSH
morrow, was left in the hands Of a committee
resolutions. The committees report is ex-
pected to contain some reference to the cotton
report scandal which has engaged the attention
of the Department of Agriculture at Washing
ton. Just what action will be taken has not
been made public, but it is understood that it is
in the minds of many TO ask the delegation to
take steps 10 that such reports which are
issued from the department are trustworthy n
the future
In his address this morning President NacCou
touched lightly on the subject. He said:
The Southern Cotton Growers Association
has done excellent work in exposing the dis
honesty Of officials in the bureau of statistics Of
the department Estimates Of the acreage or
condition issued by the government should sur
pass all private reports in accuracy and trust
worthiness. and employees engaged in the work
should be both capable and honest.
L is TO be hoped that the reorganization of
this branch of the government service will be
thorough It should include not only the method
summarizing the figures in Washing ton, but the
whole system Of getting information from the
cotton growing districts If the government re-
ports can be relied on they will be of value in
restraining speculation which has lately been so
disastrous TO our trade
n speaking OF the foreign trade Mr. MacCon
said
The total world exports of cotton goods
amount annually TO about S700,O000 900. Great
Britain alone exports 500 100000 Previous to
this year the highest OF the United States was
only $50 100000 The fact that so per cent of
the worlds cotton is raised in this country and
that so per cent CT American grown cotton is
sent abroad to be manufactured calls attention
still further 10 the meag reness of our foreign
business. The impression prevailing in some
quarters that our producing capacity has forged
ahead Of our consuming power has some meas
ure of justification. 1t must be remembered
that in recent years the producing power of a
spindle has been greatly augmented by higher
speed and other improvements in conditions.
With these considerations in view there is an
urgent call to endeavor in every possible way
10 cultivate and extend our exports. We are
now not supplying over per cent of the worlds
exports, and the consuming power of the world
has by no means reached its limit We must
reach out with might and main TO secure far
larger share Of this trade, and with peace re-
stored We shall undoubtedly see in the near
future great expansion in China and Japan
Speculation in cotton figures by parties who
have no interest in cotton growing or manufact-
uring is generally felt to be Injurious. Buyers
lose confidence in the stability of values and
cotton goods get out Of harmony with the raw
staple. Manufacturers have not the super
human wisdom required TO buy always at the
right time, and, as consequence, they are sub
ject to heavy losses on cotton bought at too
high a figure.
f c. Bailey, president OF the American Floating
Exposition. who is attending the convention was
expected to make an address the plan and scope
OF the exposition The members of the New-Eng-
land Cotton Manufactures Association are much
concerned in any project that has for its purpose
the enlarging Of foreign demands for their