Palestine daily herald. [volume] (Palestine, Tex.) 1902-1949, 1906-01-15
FIFTEEN-ceNT COTTON.
Action of Committee Was Received
With Whirlwind Of Cheers.

With Whirlwind Of Cheers.
New orleans. Jan. 15.-That the sum
OF work OF the Southern Cotton associ-
alton was to be a declaration for Is
cent cotton with reduction in the form
OF diversifIcation was practically set
tied at the afternoon session Friday
when Chairman Dancy OF the commit
tee on holding. in advance Of the pres
entation OF its report. announced that
the committee had unanimously de-
cided favorably on that proposition.
The announcement proved TO the con-
vention a whirlwind OF cheers.
The premature announcement OF the
conclusion OF the committee was fore
ed on advices from New York TO the
effect that newspaper dispatches and
Wall street reports. printed and circu-
lated there. indicated a lack OF har-
mony amans the elements making up
the convention and dissesions over the
l5-cent proposition.
President Jordan brought the matter
before the convention. He referred to
the report which. he said. he was in
formed. appeared Friday. I'm all the New
York newspa per as bear dope" evil
IDENTIFY manufactured by agents OF the
spectators, who were sent to mingle
with the delegates. The reports that
the convention did not have I'm its pur-
poses. plans and work the hearty sup
port, sympathy and cooperation OF
every banker and merchant present he
declared TO be absolutely without foun-
dalton.
T. z. Masseneale OF Georgia moyef
that the president be Instructed %
send statement through the Associat-
ed Press that the bankers, merchants
and farmers were in perfect unison OF
thought. and he corrects the statements
to the contrary circulated by Wall
street bear operators. who were doing
all In their power to break up the cot
ton growers organization. The motion
was adopted.
Mr.. Goodwin OF Georgia said Il was
evident that New York was beginning
to anticipate from the construction OF
the Panama canal the transfer to New
Orleans. Galveston and Mobile OF su-
premacy IN the rich trade of the orient
when these people find they can no
longer control us" said Mr.. Goodwin,
they viii try to secede from this gov
eminent, and / pray 10 God that | viii
live long enough TO help whip them
back into IT," a sentiment which pro-
voked the convention TO amusement and
cheers.
Mr.. r. Dancy. chairman OF the hold
ing committee. then said that. In view
OF the reports which had been circu-
lated In the east of dissension I'm the
convention. he desired TO announce in
advance OF It's report that the commit
tee was unanimous In its decision TO
ask the convention to stand by the
proposition that the southern factors
would hold their cotton for Is cents.
Further. he said. II was decided to
ask the committee on acreage TO Join
Il In a recommendation for a 10 per
cent reduction IN acreage IN the form
Of liberalization and 10 per cent |
reduction OF fertilizers IN the older
states The enthusiasm with which |
the announcement was received left |
little doubt OF the sentiment OF the con-
vention.
Chairman Walker Of Sparta. Ca. |
who presided over the meeting OF the |
bankers Friday then announced that /
the bankers had enthusiastically adopt |
I'd the following resolutions:
The southern bankers. In conven-
ton. congratulate the Southern Cotton 1
Growers association on the success
which It has already attained in its
efforts to maintain n fair and equita-
BILE price for the sOpth's staple crop.
and recognizing that the interests OF
the farmers. bankers and business men
Of the south are inseparable: therefore
be Il
Resolved first. that We. the repre-
setatives Of the southern banks. here
by renew our pledge Of moral and
financial support to the Southern Cot
ton association In their efforts to car
~ out this purpose: and. second. we
urge the Importance OF a better system
Of warehouslng and caring for cotton"