The Montgomery advertiser., 1905-02-22
ALABAMA cor
 TON GROWERS
toon.lnaea trom Pase one.l

Continued from Page one.I
 the efrect of. the New Orleans gather- Ing has been to raise the price of cotton by at least one cent per pound. Let us today declare that we will re- duce acreage and fertilizers and retire from the market two millions of bales of the crop of 1904"
 Jesse c. Adams, Chief Clerk of the Commissioner of Agriculture. was unanimously elected temporary secre- tary of the convention.
 Upon motion, a committee on cre- dentiaIs' was provided for. The com mittee was appointed by the chair as follows: J. A. Wilkinson. of Autan- ga. chairman; G. B. Farnham. of Conecnh; J. N. Stanford. of Wilcox; M. K. Clements. of Limstone: ana J. H. McCreary, of Lowndes.
 Upon motion of Commissioner Poole, an invitation was extended to Act- ing Governor Cunningham to address the convention. Commissioner Poole was appointed to walt upon the cov- ernor. r4
 W. H. Seymour was admitted as an accredited delegate representing Sum. ter County
 J. H. Harris, of Chambers County, moved that while the convention was sitting to reduce acreage and ferttli. gers the delegates also reduce the lengths of their speeches. The motion was carried unanimously.
 Governor CunnlnEham Speaks.
 At this juncture, Acting Governor ClfnninRhann was escorted into the hall by Commissioner Poole. The Governor began his address to the convention, after being introduced by Chairman Ward us "a man who can be depended upon to the. interest the body from beginning te end"
 t'Ths fundamental question. gentle men, is the price in every transaction between men, said the Governor. 'It is your object as it is the object oS every man to get as much as possible for the smallest outlay. We should not forget, though, that both sides In this transaction before you are buyers and sellers, and that you should direct youE proceedings on this understand. ing.H
 The Governor referred to three face tors that determine the price in every transaction. There Is first, the de- mand. of the .aonsumer: second. the none taEyS br financial standard; as.d third, supply of the commodity. It was explained that the three factors are inter dependent. There iss every reason to believe that ultimately the first two factors can be depended up- on as never decreasing and the prob lem or the unknown quantity comes with the consideration of the supply.
 You, gentlemen. have charge of the factor of supply" said the Governor. 'You canf rely on the consumption but YOU must regulate the supply. The supply is uncertain and depends upon season, methods of cultivation and the extent of acreage"
 The Governor said that the solution of the problem of supply was not one of law or of legislation but distinctly one of cooperation among the produc" CTS. It. is roughly a settled fact, he said, that twelve million bales means cents pound. Six million bales means 20 cents a pound If the amount of cotton Is reduced per annum there Is a corresponding decrease in labor and an evident increase in revenue from the farms. -...
 "Gentlemen," continued the Cover nor. eighty per cent of the cotton fabric of the world comes from the Southern States. You have a monop- oily of the cotton production of the world It is not an artificial but a natural monopoly. ..
 Tt rests with the owner of the soil and their determination to name the amount of the staple to be raised. How are you going to reduce the acreagee Economists can tell you at length but there is but one method to accomplish results and that is to establish cooper. ation among the growers.
 "The farmer must be impressed with the economic necessity of reducing his cotton acreage. That farmer must certainly be branded as disloyal to his country who would take advantage of a reduction of acreage on the part of his neighbor to increase his own crop"
 The Governor Aconcludedi with an ex- presslon of confidence in the brains that had assembled in the convention and that the deliberations of the dsle-