The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1906-01-17


serve private interests will be charged
sfor as advertisements.
Obituaries and tributes Of respects
wiIl be charged for.
WILL DEMAND FIFTEEN CENTS.
The southern Cotton Association.
Stands Pat.
New orleans, January 12.-That
the s,1m OF work of the Southern Cot.
ton Association was to be a declara-
fion for S cents cotton with reduc-
ton ID the form of diversifcation,
was practically settled at the after
nooa session OF the Convention, when
Chairman Daney. the committee on
holding. IN advance Of the presenta-
ton OF its report, announced that the
committee had unanimously decided
favorabIy on that proposition. The
nounceraent provoked the conven-
ton TO whirlWnd Of cheering.
The premature announcement Of
the conclusions of the COMMITTED was
ferced by adyicss from New York To-
the effect that newspaper dispatches
and Wall street reports printed and.
cleulated there indicated a Jack of
fasraony among the elements max
up the convention, and dissensions.
ever the Sc proposition.
President Jordan brought the mat
ter before the convention: He refer
red to the reports which, he said, he
yvas Informed appeared today in all,
stbe New York papers.as bear aope,,
evidently naanlfaetuT ed by agents OF.
ths speculators, who were sent toSmIn-s
sgae with the delegates Of the conVen-
The report hat the eonvention ndid q not
have ia its purposes, plans and work
the sympathy and Coz
Of every banker and mer-
schant present, he declared to be abso-:
lutely without foundation.
Alexander Il. Smith; Of Green coun-
urged the sending of q te1e
fam aanouncing that the South need
ed no money from Wall Street, but
had It 70 lend He said the five banks
n his county were pledged to absolute
saAport Of the farmers, and that not
another bale there would be sold un-
der Is cents.
IS Mr.. r. D. Daney, chairman OF the
holding committee, then said that in
view of the reports which had been
circulated in the East of dissension in
the convention, he desired to an.
nounce in advance Of its report that
the committee was unanimous in its
decision to ask the convention to stand
by the proposition that the Southern
farmers hole their cotton for Is cents.
Further, he said, it was decided to
ask the committee on acreage to join
it in another plan for ten per cent. re-
duction In acreage in the form Of di-
versifcation, and a ten per cent. re-
duction of fertilizers in the older
states
The enthusiasm with which the an.
nouncement was received left little
doubt OF the sentiment Of the conven-
ton.
Chairman Walker, of Sparta, Ca,
who presided over the meeting of the
bankers today, then announced that
the bankers had enthusiastically
adopted the following resolutions:
The Southern Bankers, in convention,
congratulate the Southern Cotton As
soeiation on the success which it has
already attained in its efforts to main
tain a fair and equitable price for the
South's staple crop, and recognizing
that the interests Of the farmers, bank
ers and business men of the South ara
insepara3le, therefore, be it resolved:
L iISt, AdC, We, tiiS ISPAC ACoC11te@I1s -
OF Southern banks, hereby renew our
pledge of moral and financial support
to the Southern Cotton Association in
their efforts to carry out this purpose;
and second, we urge the importance
of a better and more complete system
of warehousins and caring FOR cotton.
Washington, January 15.-secre1ary
of War Taft announced today that
Lieutenant General Chaffee rendered
his resignation as chief Of staff and
will be succeeded by General Bates on
February l.
Col. Robert B. Hughes, well