The Montgomery advertiser., 1906-12-12
COTTON GROWERS DECLARE
 AGAINST THE BUCKET SHOP
President w. Hunter Vaughan, Vice. President A. H Eubank presided.
 ONaeerx Are Elected

President w. Hunter Vaughan, Vice. President A. H Eubank presided.
 ORcers Are Elected. The annual election of officers result ed as follows: Charles l.. Gay, Presi- dent; George H. Shackelford. Vice. President; ". R. Sawyer, Secretary; A. J. Jones, Treasurer.
 sThe Executive Committee was chosen as follows: C.. l.. Gay, G. H. Shack elford, W. R. Sawyer, A. H. Eubank and J. S. Edson. a4
 There was some discussion as to leg islation to better regulate the tag tax on fertilizers, and 1t was suggested that as this would be live subject in the convention next month, the County Association shohld appoint a Commit tee to represent, 1t in furthering legis- lation A resolution creating such a Committee being adopted. the Commit tee was named as follows: w. R.. Sawyer, J. l.. Holloway, A. H. Eu- bank. J. S. Edson and J. C. Mason.
 To this Committee was referred a suggestion that the reports of the ginners ought to be made weekly and should reach the public through the Association.
 President Seymour of the State As- sociation, said that the government IS agricultural department could secure much more intelligent idea of what the KlnneES were uOlnB tllO ACPOhNS W CA ' made weekly and were forwarded through the Agricultural Departments of the States. This system, Mir. Sey- mour said, would have a tendency to diminish speculation.
 Strikes the Bucket shop.
 At this juncture, c. l.. Gay intro duced his resolution relating to specu- lation. The resolution was as follows; "Whereas, we regard bucket shops, cotton exchanges, wire houses, as a great detriment to the cotton growers of the South in depressing the price of cotton, and
 "Whereas, the New York cotton ex- change in connection with the said bucket shops, cotton exchanges and wire houses, throughout the South, IS the greatest gambling scheme ever in- vented by the wit of Yankee ingenui- ty,' and is robbing the South of it's chief product, therefore,
 Be 1t resolved, by the Cotton Grow ers Association of Montgomery Coun- ty, That we enter our earnest protest against all such institutions and schemes, and call upon the next Legis- iature of Alabama to pass law apso- lutely prohibiting the operation oi these nefarious institutions in this' the borders of our State"
 The resolution was discussed by J. L. Holloway, after which 1t was adopt ed without division. Mir. Holloway characterized speculation in cotton fu' lures as the mighty mogul of the North that is sapping the lifeblood Of Southern commerce by dictating the price of it's greatest product. He said the South was prospering as 1t had never prospered before, and it behooved the people to stand together and de- fend themselves against this outside influence, the influence of speculation.
 MT. Holloway predicted the day was coming when the South would control the world of politics, of industry and of commerce. He would have SoutS- ern men realize that their section is a power; they do not properly measure the value of the South's resources and its importance to the rest of the coun- try, he declared.
 The remarks of Mr. Holloway were applauded with enthusiasm and the resolution by Mir. Gay, which had been adopted. was referred to the special committee raised to consider legisia- ton.
 The Association then went into exec utive session to consider the ware house project and soon thereafter ad- iourned.