The commonwealth. (Greenwood, Miss.) 1896-1923, 1906-01-19
COTTON-GROWERS IN COUNCIL
REDUCTION OF 10 PER IN ACRE
AGE RECOMMENDED.
Firm Stand Taken for 15-Cent Cotton
and an Effort to Be Made to In
eas Foreign Demand and
Open New Markets.

AAoh WV hAAA "NNIh
ed the report Of its committee on hold
ing, recommending that the balance OF
the crop of 1906 be held for 10 cents a
pound. A joint committee of bankers
and farmers from each state and terri
tory is to carry the plan into effect.
Cooperation with the growers of Sea
Island cotton is provided for, long
staple cotton to be held at a cents,
The question of permanent head
quarters, the election of officers and the
proposition to establish an official organ
will be settled by the executive com
mittee ut its session here next week.
The executive committee will also ar
range 10 put into effect the plan of hold
ing the remainder of the crop for ID
cents. 1t is directed to select n rep
resentatiye of the association from each
state and territory, one banker from
each state and territory and five cotton
men at large to perfect the following
plan:
The adoption of Il form of contract by
which the farmer of cotton can deposit
with his banker the receipts 81 pledges
to hold his cotton for Is cents, the con-
tract to provide that the cotton cannot
be sold for less than fifteen cents basis
middling at Southern ports, except with
the consent of this committee.
W. 7. Shinalt of Mississippi, chair
man of the committee on acreage re-
duction, reported, fayoring the re-
duction of acreage p per cent. of that
planted in 1904. As there were planted
81, 1000, 600 acres of cotton in 1904, this
would mean that the Southern Cotton
Association is in favor of planting but
"a ,0O0,0 900 acres of cotton this year.
The report was unanimously adopted.
The cotton statistics committee,
through Chairman f.. B Alfred, pre-
scented a lengthy report, asking each
State to prepare and perfect u careful
statistics service.
A resolution by John D. Walker was
adopted that all holders OF spot cotton
be requested by the Southern Cotton
Association to sign q binding pledge to
sell their cotton at Is cents a pound If
through the efforts of the association it
reaches that price.
Chairman W. d. Nesbitt presented
the report of the committee IN ware
house. 1t recommended the extension
and improvement of the present ware
house system by improving the physical
character and fire protection features
Of all warehouses, building Of large
tireproof warehouses in commercial C
tiers to which local warehouses may
be tributary, and u design for Il small
standard warehouse suited for railway
stations and small towns.
The education Of the people in the
great advantages of the warehouse and
credit system based on warehouse re-
ceiptS, are also recommended together
with encouragement by the officers of
the association of warehouse building
and a combination Of local warehouse
companies, and formation of a grading
and guarantee company to issue uniform
guaranteed receipts on cotton in ware
houses that will adopt proper methods
and give proper security. The report
was adopted.
Chairman W. d. Hammock presented
the report of the finance committee. 1t
provided for dues ten cents per bale,
allowing twenty per cent to the national
fund, thirty per cent to the State fund,
and the remainder to the county fund.
Chairman j. H. White presented the
of the committee on foreign
trade relations. 1t Endorsed that made
by the standing committee. The latter,
by ex-senator McLaurin as
chairman, said the committee met Pres
ident Roosevelt and cabinet officers in
Washington after the last convention
and explained to him the desire for q
commission to enlarge the cotton trade
in foreign countries.
The committee gave a long list OF
commercial and other bodies which had
Endorsed the proposed appointment of a
commission to go abroad and submitted
q resolution, which was adopted, in
1orsing the bills of Senator Overman of
Carolina and Representative
Richardson of Alabama. Congress was
asked for early and favorable action.
Harvie Jordan was reelected presi-
dent and Richard Cheatham was re-
secretary. Il. H.. Hyatt of CO.
s.. c., was elected treasurer and
George 4. Jester Of Corsicana, Tex,
vas chosen vice-president in place of
Mr.. Peters of Texas.
The salary of the president was fixed
Vt $1,000 a year. Secretary Cheatham's
,alary was raised from s., 800 to 81, 900
! year. The salary of the treasurer
vas fixed at $500 a year, and the vice
PRESIDENT is to serve without salary.
The salary Of the general financial
lgent and organizer, +. d. Smith, was
at 5000 year.
TEXAS GLAZING 1900. OOO.