Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-09-21
Of New Jersey Defended
By Governor Stokes
In Remarks Opening New Eng.
Manufacturing Convention.
President Mccall Delivers Annual Report
Outlook for Cotton Trade.

Atlantic City, \. j., Sept 20.-Gov.
Stakes, today, opened the New Eng
land Manufacturers convention with a
speech of welcome during which he de-
Tended the attitude of the state of New
Jersey towards trusts. His remarks
were applauded. Response was made
by Herbert F.. Walmsley Of New Bed
ford, Mass, an eX-president of the as
sociation. President James b. MacCall
Of PaWtuckett, X. L., in his annual re-
port said:
Cotton manufacturing has Jagged
behind other branches of commerce iii
the recovery of the depression in 1908.
The extreme fluctuations in the price
Of raw cotton and the consequent dis
turbance of values of manufactured
goods tend to destroy the confidence of
buyers and to encourage them to con-
tinue an indefinite policy. For the year
Just closed the total exports of cotton
amounted to over forty-nine million
dollars in comparison with Twenty-Five
million the preceding year. There mas
also bee Il growing trade with Japan
the Philippine Islands, Cuba and sev-
tr.tl countries of South America.
The president also said that the
Southern Cotton Growers Association
has done excellent work i'll exposing
the dishonesty of officials in the bu-
reau of statistics of the agricultural
department. He said estimates of the
acreage and conditions issued by the
government should be both capable and
honest. In conclusion he said
1T is premature and unnecessary to
get alarmed about the loss Of the Ger
e
Germany realizes that the United
States will not submit to be put on n
most favored nation basis with COM
reting counties and at the same uihe
continue the favored nation treatment
to Germany"
At tonieht's session. the report of
Samuel S. Dale. upon the International
Congress of Cotton Spinners. was read.
Mr. Dale said the origin OF the con-
press was the temporary scarcity of
American cotton. last year. which gave
the spectators an opportunity of cor
nering what little poor cotton was left
a. the market He detailed his en-
thusiastic welcome upon his arrival in
Manchester and said the main purpose
Of the International organization iS to
prevent Il scarcity of raw cotton.
TINS, Oh COURSE. can accompanied
IN nnly two ways" he said. "by using
less or by producing more. The first
method, which means short time al
thought the one on which the delegates
unuucstionably places their main re-
lance was conspicuous by its from
the program and was not maze
Prominent III tn" discussions. There
was, however, no miStakinS the spirit
az The congress The members were
united and they were in deadly earnest
in thir determination to meet high
prices for American cotton with orgah-
lied short time.
Al The discussion Of the second meth
Oh colonial cotton seemed TO be the
hope of the European cotton mills lio-
Grafton from the present dependence on
tho American crcp.
"At one session of the congress. the
balImg of cotton came I'm for discus
sion and bitter complains We're made of
lin. way in which American cotton was
received in Europe. In this congress
which represented purchasers of Amer
lean cotton to the value Of S5.OOD,ooO
Der veal. there was not a man who
rouIi say one word in favor Of Amer
icnll balinS.'
In closing. Mr.. Dale said:
although the main nurpOSc of the
international cotton congress has moth
ing to commend itself to Americans W."
should not lose sight of the many mu-
tuaI advantages in international inter
course and 4 better acquaintance with
our foreign friends. We have many
interests in common with them.
President Fl. II. Nrecland of the Met
ropolitan Railway of New York, dis
cussed the welfare and the better care
of operatives. Chas. e. Cowan of New
York. read Il paper on The Relation
Between Future Contracts and Spot
Cotton" and a paper by Cuban mer-
chant on the Markets for Cotton in
Cuba