The Pickens sentinel-journal. (Pickens, S.C.) 1903-1906, 1906-01-17
FOR FIFTEEN CENTS
Farmers are Urged to Ho'd
Cotton b. Convention.
BANKERSPLEDGE SUPPORT
As Means of Reduction Civersification
Of Crops Is Urged - Sensational
Advices Sent Out from New
York

BY a unanimous vote the Southern
Cotton Association in session at New
Orleans adopted the report of its COM
mittee on holding, recommending that
the balance Of tho crop Of 1866 be
held for fifteen cents a pound. A
joint committee of bankers and farm
ers from each state and territory is
to carry the plan into effect. Coop
Grafton with the growers Of sea island
cotton is provided for, long staple cot.
ton to be held at "a cents.
That the sum Of work of the South
orn Cotton Association was to be a
declaration for fifteen cents cotton
with reduction in the form Of diversi-
fication was practically settled at the
Friday afternoon session OF the con-
Vcntion when Chairman Dancy OF the
committee on holding, in advance OF
the presentation of it's report, an
nounced that the committee had unan-
1mously decided tavorably Oh that
proposition. The announcement pro
voled the convention to whirlwind
Of cheering.
The premature announcement Of the
conclusions Of the committee was
forced by advices FROM New York to
the effect that newspaper dispatches
and Wall street reports printed and
circulated there indicated a lack OF
harmony among the elements making
UP the convention and disscnsions
over the Is cents proposition.
r. Dancy, chairman Of the holding
committee, then said that in view or
the reports which had been circulated
IN the east Of diSSension in the con-
Vention, he desired to announce in
advance Of it's report that the COM
mittee was unanimC us in it's decision
to ask the convention to stand by the
proposition that the southern farmers
Will hold their cotton for Is cents.
Chairman Walker Of Sparta, Ga,
who presided over the meeting Of tho
bankers, then announced that the
bankers had enthusiastically adopted
the following resolutions:
The southern bankers in convcu.
ton congratulate the Southern Cotton
Association on the success which it
has already attained in it's efforts to
maintain fair and equitable price
Tor the south's staple crop, and rec.
ognizng that the interests of the far
mers, bankers and business men OF
Isl
be it
"Resolved, first, That we, represent
tatives Of southern banks, herebr- re-
new our pledge Of moral and financial
support to the Southern Cotton ASso.
oiation, in their efforts to carry out
this purpose; and second, we urge
the Importance Of better and more
complete system Of warehousing and
caring for cotton
Chairman j. II. White presented the
report Of the committee on "0~~'~->
trade relations. 1t indorscd TIL; ..
by the standing committee.
ter signed by ex-senator NJ.
as chairman, said the commit
President Roosevelt and cabinet Off.
GERS in Washington after the last con-
vention, and explained to him the de-
sire for a commission to enlarge the
cotton trade in foreign countries.
BY invitation Secretary Blackwell
Of the National Ginners' Association
made an address to the convention.
"Thcre are not 100000 bales Of cot
ton yet to gin in the entire SOUTH"
he said. More than so per cent Of
the gins everywhere are closed. Many
Of the Cthers have only five to seven
bales 70 gin. Dry goods have been
constantly advancing in price during
the year past, and We have only to
stand together to get the reasonable
price the association has asked for