The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1906-01-20
C0TTON-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
crease Foreign Demand and
Open New Markets.

New Orleans, Jan. 15.-By a unan
! nous vote the cotton association adOp
: ed the report of its committee on hold
ing, recommending hat the balance {
the crop of 1866 be held for Is cents
pound. A joint committee of banker
and farmers from each state and terri
tory is to carry the plan into effect
Corporation with the growers of Sc
Island cotton is provided for, Ion!
staple cotton to be held at "a cents.
The question of permanent head
quarters, the election of officers and thu
proposition to establish an official organ
will be settled by the executive com
mittee at its session here next week.
The executive committee will also ar
range to put into effect the plan of hold
ing the remainder of the crop for Il
cents. 1t is directed to select one rep,
resentative 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 a form of contract by
which the farmer of cotton can deposit
with his banker the receipts or 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. P. Shinalt of Mississippi, chair
a of the committee on acreage re-
duction, reported, favoring the re-
duction of acreage % per cent. of that
planted in 1904. AS there were planted
$1,000, 900 acres of cotton in 1904, this
would mean that the Southern Cotton
Association is in favor of planting but
24,OOO,OO DOC acres of cotton this year.
The report was unanimously adopted.
The cotton statistics committee,
through Chairman E. B Alfred, pre-
sented a lengthy report, asking each
State to prepare and perfect a 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 a binding pledge to
sell their cotton at 10 cents a pound if
through the efforts of the association it
reaches that price.
Chairman w. d. Nesbitt presented
the report of the committee on ware
house. 1t recommended the extension
and improvement of the present ware
house system by improving the physical
character and fire protection features
all warehouses, building of large
lreprOOf warehouses in commercial GEN.
,ers to which local warehouses may
De tributary, and q design for a small
standard warehouse suited for railway
stations and small towns.
The education of the people in the
advantages of the warehouse and {
.redit system based on warehouse re-
eipts, are also recommended together
nth encouragement by the officers of
he association of warehouse building :
nd a combination of local warehouse l
ompanies, and formation of a grading .
guarantee company to issue uniform .
uaranteed receipts on cotton in ware :
ouses that will adopt proper methods 8
nd give proper security. The report .
as adopted. Z
Chairman w. ID. Hammock presented
he report of the finance committee. 1t
for dues ten cents per bale, {
twenty per cent to the national z
md, thirty per cent to the State fund, d
the remainder to the county fund. [,
Chairman J. II. White presented the b
port of the committee on foreign 81
ade relations. 1t Endorsed that made s.
7 the standing committee. The latter, "
gned by ex-senator McLaurin as b
lairman, said the committee met Pres n;
ent Roosevelt and cabinet officers in a.
'%ashingtOn after the last convention II
ID explained to him the desire for a p
mmission to enlarge the cotton trade -.
foreign countries. u
The committee gave a long list of ~
numerical and other bodies which had =:
dorsed the proposed appointment of a ~
mmissiOn to go abroad and submitted ~;
resolution, which was adopted, in
the bills of Senator Overman of
)rth Carolina and Representative
chardson of Alabama. Congress was IN
Sed for early and favorable action. III
Jordan was reelected presi- 'e
Mt and Richard Cheatham was re-
'cted secretary. F. Fl. Hyatt of Co at
nbia, S. c., was elected treasurer and As
orge T. Jester of C~orsicana, Tex, &c
S chosen vice-president in place of ~
;. Peters of Texas.
The salary of the president was fixed -
S., 900 a year. Secretary Cheatham's vs.
airy was raised from $500 to SO, 900
ear. The salary of the treasurer ~
S fixed at $500 a year, and the vice or
is to serve without salary. M,
The salary of the general financial of
INT and organizer, F. d. Smith, was -;
ed at S., 900 a year. =.
Texas Claims $500, 900. an
Tex, Jan. 16.-Adjutant- It..
neral Hulen of the State of Texas ;,