The Bamberg herald. [volume] (Bamberg, S.C.) 1891-1972, 1906-01-18
Farmers are Urged to Hold
Cotton: By Convention.
BANKERSPLEDGE SUPPORT
As Means of Reduction Diversification
Of Crops is Urged - Sensational
Advices Sent Out from New
York.


mittee on holding, recommending that
the balance Of the 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.
toa to be held at "a cents.
That the sum Of work Of the South
ern Cotton Association was to be a
declaration for, fifteen cents cotton
with reduction in the form of diyersi.
ication was practically settled at the
Friday afternoon session OF the con-
vention when Chairman Dancy OF the
committee on holding, in advance OF
the presentation Of its report, an
nounced that the committee lad unan-
inously decided favorably on that
proposition. The announcement pro
voked the convention. to wiliriwind
Of cheering. -
The premature announcement OF tho
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 lack OF
harmony among the elements making
UP the convention and dissensions
over the Is cents proposition.
R. Dancy, chairman Of the holding
committee, then said that in view OF
the reports which had been circulated
in the east of dissension in the con-
vention, he desired to announce in
advance of its report that the COM
mittee was unanimous 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 the
bankers, then announced that the
bankers had enthusiastically adopted
the following resolutions:
THE southern bankers In conye,,-
ton congratulate the Southern Cotton
Association on the success which it
has already attained in its efforts to
maintain a fair and equitable price
for the south's staple crop, and rec
ognizing that the interests Of the far.
mers, bankers and business men OF
the south are inseparable; therefore,
be it
Resolved, first, That we, represen-
tatives of southern banks, hereby re-
new our pledge of moral and financial
support to the Southern Cotton Asso
citation, in their efforts to carry out
this purpose; and second, we urge
the importance CT a better and more
complete system Of warehousing and
caring for cotton"
Chairman ]. H. White presented the
report of the committee on foreign
trade relations. It indorsed that mace
by the standing committee. The lat:
ter signed by ex-senator McL cLaur'n'
as chairman, said the committee met
President Roosevelt and cabinet OIL.
GERS in Washington after the elast con-
vention, and explained to him the de-
sire for commission to enlarge the
cotton trade in foreign countries.
By invitation Secretary Blackwell
of the National Ginners' Association
made an address to the $convention.
"Ihere 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 others have only five to seven
bales to 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
cotton