The Lee County journal. (Leesburg, Ga.) 1904-19??, 1906-01-19
HOLD COTTON
FOR IS CENTS
Is Edict Of Growers Decided Upon
at New Orleans.
DlFERSIFICATION IS URGED
Second Days Session of Great Con-
vention Was RepIetc With Most
Interesting Features.

BY unanimous vote the Southern
Cotton Association in session at New
Orleans adopted the report of it's com
mittee on holding, recommending that
the balance of the crop of 1866 be
held for fifteen cents pound. A
joint committee of bankers and farm
ers from each state and territory is
to carry the plan into effect Coop
GRAFTON with the growers of sea island
cotton is provided for, long staple cot.
ton to be held at "a cents.
That the sum Of work of the South
ern Cotton Association was to be a
declaration for fifteen cents cotton
with reduction in the form of diversi
fication was practically settled at the
Friday afternoon session of the cen
vcntion when Chairman Dancy of the
committee en- holding, in advance OF
the presentation OF it's report, an
nounced that the committee had unan-
imously decided fayorably on that
proposition. The announcement pro
y0ked the convention to a whirIwind
Of cheering.
Tie premature announcement OF the
conclusions Of the committed was
forced by advices from New York to
the effect that newspaper dispatches
and Wall street reports printed and
circulated there Indicated lack of
harmony among the elements making
up the convention and dissensions
over the Is cents proposition.
X. Dancy chairman of the holding
coI,~2ittoa, then said that in view OF
&c reports which hsd been circulated
in the east osGgisseasion in the con
yent.cn, he desired to announce in
advarce OF its report that the com
mittee was unanimous in its decision
to ask the convention to stand by the
proposition that the southern farmers
will hold their cotton for Is cents.
Chairman Walker Of Sparta, Ga,
who presided over the meeting Of the
bankers, then announced that the
bankers had enthusiastically adopted
the following resolutions:
The southern bankers in conveu-
ton congratulate the Southern Cotton
Association on the success which it
has already attained in it's efforts to
maintain fair and equitable price
for the south'3 staple crop, and rec
ognizing that the interests Of the far.
mers, bankers and business men Of
the south are inse2arable; therefore,
be it
"Resolyed FIST, That we, repcesea-
tatiyes Of southern banks, hereby re-
new our pledge Of moral and financial
support TO the Southern Cotton Asso
citation, in their efforts to carry out
this purpose; and second, we urge
the Importance Of a better and more
complete system Of wareAousing and
caring for cotton"
Chairman J. H. White presented the
report Of the committee on foreign
trade relations. It indorsed that made
by the standing committee. The lat
ter signed by ex-senator McLaurjn,
as chairman, said the committee met
President Roosevelt and cabinet Off
GERS in washington after the last con
ventIon, and explained to him the de-
sire for a commission to enlarge the
cotton trade in foreign countries
BY invitTtlon Secretary Blackwell |
Of the National Ginners Association
made an address to the convention.
"There are not 100000 bales Of cot
ton yet to gin in the entire south,
he said More than 50 per cent OF
the gins everywhere are closed. Many
of the others have only five to seven
bales to gin. Dry goods have been
constantly advancing in price during
the year past, and we have only to
stand together to get the reasonable
price the association has asked for
cotton" /