The Birmingham age-herald., 1906-01-14
COTTON GROWERS
 FAVOR REDUCTION Executive Committee Formu-
 Iates Plans This Week
JOHN TEMPLE GRAVES TALKS
w. D. Nesbitt Presents Report of tho Warehouse Committee at New Or leans, Making Several Im-
 portant Recommendation.

New Orleans, January 13-With the matter of acreage the most important question remaining to be settled, the Southern Cotton association today began the last day of it's work The question of permanent headquarters, the election of officers and the proposition to estab- fish an official organ. will be settled by the executive committee at It's sessions here next week.
 The executive committee will also ar range to put into effect the plan of holding the remainder of the crop for 15 cents. It is directed to select one representative of the association from each state and territory, one banker from each state and territory and five cotton men at large to perfect the fol- lowing plan:
 The adoption of form of contract by which the farmer or owner of cotton can deposit with his banker the receipts or pledges to hold his cotton for 15 cents, basis middling, at southern port except with the consent of this com mittee The owner of the cotton has full power and authority to sell this cotton at 15 cents or over. the banker to retain 1 cent per pound to be held in trust until such time as all of this cot ton so pledged has been disposed of, when this committee will meet and ar- range dosposition of tine balance as the interest may appear.
 Hall Was We'll Filled.
 The hall was well filled when President Jordan called the convention to order resolution by M " Calvin of Georgia. was adopted instructing the executive committee to publish for distribution, 100000 copies of the proceedings of the convention.
 Erister Ashcraft, of Florence, Ala, spoke at some length on the extension of the cotton trade in new markets.
 President Jordan in behalf of the con- vention. presented E. D. Smith, the field agent of the association, with hand some gold match safe in recognition of the work done by him.
 w. P. Shlnault, of Mississippi, chair man of the committee on acreage reduc- ton, reported favoring the reduction or acreage 20 per cent from that planted in 1904 As there were planted 32OOO,O0O acres of cotton in 1904, this would mean that the Southern Cotton association IS in favor of planting 240O0,O00 acres of cotton this year. rhe report was unanl- mously adopted.
 John Temple Graves was then intro duced and addressed the convention. The committee on statlstlcs tnroush Chairman E. B. Afford presented lengthy report asking each state to pre- pare and perfect careful statistic ser- vice.
 A resolution by John D. Walker was adonted that all holders of spot cotton be requested by the Southern Cotton as- sociation to sign a binding pledge to sell their cotton at 15 cents pound if through the efforts of the association 1t reaches that price.
 The convention then took a recess un- til afternoon.
 Executive Committee to Meet.
 The Southern Cotton association com pleted its labors with its afternoon ses- sion and adjourned without delay. In de- claring the adjournment, President Jor- dan congratulated the convention on the successful manner in which 1t had per formed it's work The new executive com mittee will meet here next week and ar range to carry out the various recom- mendations which have been made by the convention It will probably be in session
 
 for two or three days. Except the mem bers of the committee practically all the members of the association started for their homes tonight.
 At the opening of the afternoon ses- sion Chairman w. D. Nesbitt presented the report of the committee on ware houses. It recommended the extension and improvement of the present warehouse system by improving the physical char acter and fire protection features of all warehouses; building of large fireprooi warehouses in commercial centers to which local warehouses may be tributary a design for a small standard warehouse suited for railway stations and small towns; the education of the people in the great advantages of the warehouse and credit system based on warehouse re- ceipts: encouragement by the officers of the association of warehouse building, and combination of local warehouse com