The Montgomery advertiser., 1906-01-13

Farmer. Banker and Warehouseman.'
 Tt is gratifying to note,'' said MT Harding. the closer feeling that now exists between the Southern farmer. and the banker. only a few years ago the banker was looked upon by the farmer as a kind of money shark. whose mission was to take from him in the way of discount and interest whatever money that was left to him after he had settled with the tax col lector The farmer felt that he be- longed to the bank. whereas now the situation has been reversed. the obli- gation has shifted and the banks now show a net credit in his favor. The prosperity of tho Southern banker de- bends absolutely on that of the farmer, whose welfare. however, can be greatly enhanced by judicious reciprocity on the part of the banker"
 Mir. Harding said new conditions made the greatest need of the Southern farmer today the proper warehousing for his cotton. Formerly cotton was rushed to market in three or four months. Now, by cooperation between banker and farmer, 1t is possible for the latter to hold the product at his own will. He urged a system of ware- housing.
 H. Y. Brooke Speaks. An address on The Newspaper and It's Relation to the Southern Cotton Association" was made by H. Y. Brooke of Luverne, Ala, and then Chairman J. H. White presented the report of the Committee on Foreign Trade Relations. It endorsed that made by the standing committee. The latter, signed by ex Senator McLaurin as chairman, said the committee met President Roosevelt and Cabinet officers in Washington af- ter the last convention, and explained to him the desire for a commission to enlarge the cotton trade in foreign countries.
 The President was impressed" the report said, with the fact that the proposed commission would be of great value in opening and developing new cotton markets and promised his un- qualified support, which he has since lost no opportunity to give. He has issued special instruction to the con suls In their various districts to put forth efforts In furnishing our people with any information which would be of value in increasing our trade in their respective markets"
 The committee gave a long list of commercial and other bodies which had indorsed tho proposed appointment of commission to go abroad, and sub- mitted a resolution, which was adopt ed, indorsing the bills of Senator Over man of North Carolina and Representa- tive Richardson of Alabama. Congress was asked for early and favorable ac- ton.
 Mrs. Webb of Mississippi was heart fly cheered when she had completed the reading of poem in honor of the Association, and q recess was then taken until night
 By unanimous vote the cotton asso- citation tonight adopted the report of It's committee on holding recommend ing that the balance of the crop of 1905- 06 be held for fifteen cents a pound.
 A Joint committee ot bankers and farm CTS from each state and territory Is to carry the plan into effect. Cooper ation with the growers of the Sea Is- land cotton is provided for, long staple cotton to be held at 24 cents.
 4 feature of the session was the pre- sentation by the convention. or hand some gold watch and fob to President Jordan a.sd of diamond -pin to secre- tary Cheathsm.
 The convention adjourned until to- morrow morning.