The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-09-09
Leads all North Carolina Daiies i'm News and CIRCULATION

Southern Cotton Association immedi
ately. 1t was intimated that Colonel
Peters had commissioned Mr.. Martin
to represent him in this matter, and
that he was willing to drop his end Of
the trouble if the association would
permit him to resign. Col. Peters, in
person made no complaint to the COM
mttee for having been removed by
President Jordan, and it is generally
thought that if he had complained he
would have been officially and severely
censured.
Col. Peters leaving was a surprise
as he had told several that he would
appeal to the executive committee, but
the direct cause of his leaving is at
tributed to his conduct while here. He
has been in a continuous state of in
toXicatiOn since his arrival in this city.
The sentiment was almost universal
that to have such a man as one of
the heads of the Southern Cotton AS
sociatiOn would be a disgrace to the
intelligence of the people of the South
The only feature of the meeting
which has just adjourned whose elm
ination would have made the occasion
perfect was the oVerSpeeching of Mr..
Brooks, of Alabama, who took up
nearly a third of the whole time Of
the meeting, and introduced matters
ing. Today with tears glstening in
his eyes, and his deep baSso voice rails
ed to a dramatic key he read tele-
gram that had been sent him from a
broker in his own State, offering him
81 900 or a "divy" on the profits if ne
would supply the Hoadley syndicate
with a thousand bales of cotton at the
minimum price. He was strongly crit
icised by both officers and members
- 81 o,,nif fn1 h ic la n nj w
dom.
Mr.. f. S. Moody, of Alabama, was
discordant today when he suggested
that the name of the association be
changed to either the Southern Indus
trial Association, or the Industrial
Club of the South.
President Jordan said tonight that
never had any city given him kind
her reception, and that he has never
spent two days more pleasantly than
he has in this city above the clouds,
and assured his friends here that
many meetings of the executive com
mittee would be held in Asheville.
The Morning Session.
The executive committee of the
Southern Cotton Association met at
10 o'clock this morning. A resolu-
ZION was adouted making presidents
and first vice presidents of the State
divisions Of the association members.
eX-officerS. of the executive commit
tee. with full privileges.
The most important business of the
day was that of determining the way
in which the association should be
hnanced. and the election of field
agent and financial agent. After
much discussion a plan was adopted,
fixing a tax of three cents on each
hale of cotton produced by members
of the association. and growers not
members will he asked to give in the
same proportion. This will bring into
the association 100000 annually, OF
which the general organization will
receive $100.0 900. the various State di
visions a. total of 100000 and the
county associations the remaining
100000. This sum will be ample to
supply all the needs of the associa-
uon and the plan provides the ma
chinery to bring the money into it.
Mr.. L. d. Smith. president of the
South Carolina division. was elected
field agent and financial agent at a
salary of $1,000 and expenses He
will appoint an assistant agent in
every State
The various county organizations
were urged to meet more frequently
ana tlle officers are authorized to col
ly, during each session.
A resolution offered by Mr.. J. Nee.
Martin. author of the associations
constitution. created the fiercest de-
bace of this SeSSlon-of the executive
committee. II was held by his op-'
ponents that it would inject politics
into the association. and the fore
runner of its early destruction. Mr..
Martin defended it ably. but was op-
hNy Nf lit
and f.. w. Smith. of South Carolina,
and the resolution was defeated.
Other resolutions were passed with
out opposition. the most important of
which are as follows
That the president of this associa-
lion take up with all transportation
rharges, and use every possible means
TO, bring about such regulation of
charges for transportating cotton to
market as will lessen the tariff for
now hauling the same, and such as
Will abolish discrimination against
small interior shipping points,
''That such measures be taken by
the president of this association as
VIII encourage and secure the wider
ana more extended building and oper-
alton of cotton and other manufac-
tories throughout the Cotton Growing
States and Territories"
mat immediate steps be taken
whereby to bring together and in CO.
operation all the various cotton in
tefeStS, cotton manufactures and
agencies with a view to such regula-
lions, as will protect stimulate and
promote all. 1t is here stated as a
principle that cotton produc-
ers and cotton manufacturers are and
ought to be natural allies, instead of
in opposition to each other in fixing |
value of raw material, and that each |
should strive to establish such rela- |
tions and understanding as. will pre- |
vent demoralzing values either up |
ward or downward. Further that |
proper conferences ought to and will |
bring about such system, as will !
prevent such wild and unreasonable
fluctuations in value as are now hurt
'ul to producers and manufacturers
alike. Therefore. it is earnestly adj
used and will be steadily maintained
hat every means shall be urged TO
effect such relations and understand
hgs and the presidentof this associa-
ion is directed to use every means
o bring about such result"
Co-Operation With Bankers
The president of the association
vas instructed to correspond with the
president and, secretary of the Consoli-
4 .s,A. 4I-z