The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-09-07
MEN ARE
NOW IN SESSION
Consider Minimum Price foI
This Years Crop
FINANCES ARE IN BAD SHAPE
President Harvey Jordan Reports That
the Association Has No Funds
With Which to Make
Any Campaign.
FINANCES ARE IN BAD SHAPE

Hot Springs. September 6.-The inter-
state executive commission of the South
ern Cotton association began its regular
fall session here today and spent the
greater part of Its time In executive ses-
sion in an effort to hx minimum price
at which cotton should be sold, but thus
far no decision has been reached. More
than a thousand return postals in answer
to inquiries as to the condition of the
crop were submitted to the committee and
representatives. Of the various sections
gave testimony which will be used as
basis in arriving at the minimum price.
The making up of an estimate of this
years crop and the report of the COM
mittee appointed at a meeting in Atlanta
last month to Investigate charges against
officers of the association of dealing in
futures and other important matters will
occupy the time of the members during
the session, which will probably continue
through three days.
Fourteen of the members of the execu-
tive committee and ten of the presidents
of state associations were present when
the meeting was called to order by Presi-
dent Harvey Jordan, In his opening adj
that has been accomplished through
closer relationship with the spinners aud
also referred to the action of the South
ern Wholesale Grocers' association In
endorsing the use of cotton instead of
jute bags. He also called attention to the
progress that has been made by local or
ganizations in the building of warehouses.
Mr.. Jordan said that the finances of tina
association are in bad shape, that no
salaries have been paid since February
and that there is no money in the treas
ury with which to conduct a campaign
of any kind. He closed by referring to
the report Of the special committee ap-
pointed to investigate the charges that
certain officers of the association had
dealt In futures while occupying their Of
fees
COMMITTEES of Five.
A motion by Committeeman j. A. Brown
of North Carolina for the appointment
,of committee of five or six to tx the
minimum price at which cotton should be
sold was carried, but before the conf
mittee was named by President Jordan,
w. ID. Smith of South Carolina moved
reconsideration which carried, and a sub
stitute motion by Mr.. Smith that the
committee as a whole would go into ex-
ecutive session to discuss the minimum
price.
Mr. Brown opposed the motion, saying
that the broader proceedings of the COM
mIttee should be given as much publicity
as possible. The entire afternoon WIS
spent In executive session and at its con-
clusion It was stated that no agreement
was arrived at The night meeting was
also taken UP in executive session In an
effort to arrive at the minimum price.
The members of the executive commit
tee In attendance are:
Alabama-T. c. Banks, Alfalfa: w f.
Vandiver Montgomery.
Arkansas-W. j. White Russellville, l..
E. Love- Dardanele
Louisiana-F. l.. Maxwell, Mound.
Missssippi-S A. Witherspoon, Merid-
ian; ]. w. McGrath, Brookhaven.
North Carollna-J. A. Browder; j. P.
Allison, Concord.
South Carollna-E. M. Williamson, Dar-
lington.
Tennessee-W d. Bayless.
Kentucky-J. C. Hickey, Henderson.
Oklahoma-T. B. Erwin. saltwater.
The state presidents present are; w.
H. Seymour, Alabama b. II. Burnett,
Arkansas; Walter Clark. Mississippi {.
C. Moore. North Carolina; Fl. d. Smith,
South Carolina; T. c. Long. Tennessee;
r. T. Miner. Texas.
The committee remained Ia, executive
session until II o'clock tonight and while
1t was said that considerable progress
was made. no definite solution was MAZE
of the minimum price question.
It Is believed that the committee will
decide on a figure at the meeting tomor-
row morning
An attempt was made at the evening
session to make the meeting open instead
of executive. but 1t lacked one vote OF
carrying. After the minimum price mat
ter Is solved, the meetings will probably
be open. Consideration of the report with
reference to the alleged speculating in
futures by officers OF the association VIII
likely be reached tomorrow.