The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-12-08

Gossip About Tar Heels.
In the Maltby building where the
Senators of the minority only are in
starred the North Carolina Senators
are comfortably located. Senator Over
man has secured the two offices held
by senator Clark of Montana. and now
the Tar Heel Senator have adjoining
quarters with a front view command
ing the capitol. North Carolina visit
ors find a cordial welcome here from
Mr.. Austin ID. Watts and Mr.. Fred
Carr, the secretaries of the two Sem
ators.
Senator Overman was remembered
bv North Carolina friends here the
opening day, who sent him handsome
flowers. They could not be placed on
his desk in the Senate in keeping with
the new order of things, but they
were given a place of honor in his
committee room and were much adj
mired.
Representative Edward w. Pou. the
popular member from the metropoli-
tan district of North Carolina is out
again after three weeks illneSs
He arrived in Washington IN time FOR
the opening and looks as fine as ne
ever did. Mr. Pou will not go too
fast with his work for the next few
DAYS and he has decided to go to
his home in Smithfield the latter part
of the week. where he viii probably
remain until after the holidays. His
Secretary. Mr.. Martin, will be here to
look after any matters that require
attention before the departments.
North's Letter to Webb.
Director North, of the Census Bu-
reau, has written Representative webb
a letter. in which he admits that the
semi-monthly cotton reports have not
had the effect of reducing the amount
of speculation on the cotton market.
He discusses in very interesting way
the subject of Mr.. Webb's bill pro-
viding for daily reports of the amount
of cotton ginned. and also mentions
the fact that the cotton exchanges
are opposed to the plan. The letter
from Director North follows:
Il recognize as fully as anybody can
the demoralizing and most unfortun-
ate effects of reports which can
change the price of that staple as
much as five dollars bale, up or
down, within a few minutes. me
chief purpose. as | understand IL, OF
the legislation which established the
Census cotton ginning reports, was
TO reduce speculation in the staple
to a minimum, and to produce q
steadyng effect upon the market dur
ling the progress of the harvesting.
When Congress provided by last VIM
ters legislation. that the Census re-
ports should be issued semi-monthly
instead of monthly as heretofore. 1t
was expected that this greater IRE
quency of issuance would be helpful!
to this end. IT must now he admitted
that such has not be the effect.
If there is any method of promulga-
ton of these reports whereby the pur-
pose above outlined can be more ef~
fectively attained. / will be glad TO
adopt it in our. work.
"A year ago the Census office at
tempted to accomplish this very pur-
pose very much along the lines OF
your conversation this morning. ny
issuing it's monthly reports in INSTALL
ments as fast as the reports were
received from our agents. We thus is
sued three preliminary reports and on
final report. including in the former
the counties from which complete re-
turns had BEEN received up to date
of issuance unfit The final report APP
peared which was the equivalent OF
! the single report we are now issuing.
! In this way the information reached
| the public gradually every other daF
| for a week and the market had OPP
portunity to adjust itself gradually TO
|
| den changes up or down. All risk OF
| a leak in the returns was also avoided.
We abandoned this method of publ
cation at the close of the last season.
| in response to urgent demands of all
| the cotton exchanges of the country.
whose members insisted that the in
complete reports were misleading,
confusing, and bewildeFing. If it is the
| judgment of the representatives of the
planting interests and OF the manu-
| featuring interests that it would be
wise and beneficial for the Census Of
flee to return to the method employ
ed last year / shall be very glad TO
adopt that course, Notwithstanding
| the opposition of the cotton exchanges
believe it would accomplish, in a
very large measure at any rate. the
purpose you have in view / will be
very glad to learn your judgment oil
the question"
Major T. ]. Hale and Mr.. Cameron
Morrison are here with their brides
| other visitors are J. A. Mills of Raj
eigh: and c. Mosely. of Greensboro.