The Montgomery advertiser., 1906-09-08
TEN CENTS | THE MINIMUM Cotton Growers Fix Price. VICTORY FOR CONSERVATIVES Crop Is In Serious State of De- terioration. Resolution Declares That Estimates Have All Been Too High and Urge
 Farmers to Swing to
 Staple.
VICTORY FOR CONSERVATIVES

l Hot Springs. Ark, Sept 1.-The Ex- | ecutive Committee of the Southern Cotton Association late this afternoon recommended to it's members and the cotton growers of the South that no cotton be sold during the present sea- ] son at less than 10 cents 8 pound. In resolution adopted by the Com mittee if is stated That the crop Is in a state of deterioration and for that req | son no estimate of the crop was made. The resolution states. however. that the Committee is satisfied that the crop will not be as large as the current es- timate. The placing of the minimum price at 10 cents was in the nature of victory for the conservative element of the Association. Tn the executive sessiun of the committee which has continued throughout the day the highest price named as a minimum was 12 cents. The resolution adopted by the Conn mittee. which Is in the shape of an address to the public follows: 'Inasmuoh as we, the cotton growers | of the South know that there has been great deterioration in the cotton crop since August 15. and,
 ssWhereas. the consensus of opinion of the members of this Committee fs | that the deterioration is still going orls l we deem 1t unwis6 to make an estimate of the crop at this time. We are sat- isfied that the crop will not be as large
 
 we therefore suggest and urge up- on all our members and producers throughout the South not to sell their cotton at figure less than the cost Of i production.
 owing to the high price Of the cost of living and scarcity of labor. we feel. in order for the farmer who | raises cotton to live. feed and ciothe himself and family and set aside small pittance for the improvement o1 l his farm 1t Is necessary that no cot- ton should be sold below the bread and meat line. which Is ten cents.
 Tn fixing ten cents per pound as
 the limit below which 1t should not be sold, we have no reference to tha
 size of the crop or any immediafeit
 conditions.
 we call upon all Southern inter-
 esta to aid in maintainlng for all time this price as a minimum. We | urge the necessity of marketing the crop slowly and only on an advancing market, and withdraw all cotton from l the market at every decline.
 i've appreciate and thank the press l for the valued service of e past and urge those interests of the South to assist in every manner possible to maintain this minimum price. 'sWe appreciate and thank the mer- chants and bankers for the noble manner in which they have stood by | the farmers in the past and urge Q continuation of their cooperation and support.
 | (Signatures),
 Waiter Clark. Chairman. | "E. D Smith, 1 'J. A. Brown, | 'J. c. Hickey. ''F 4. Maxwell"
 After the minimum price matter was disposed of the committee took ua | h0 lna Cheatham of dealing In futures while an officer of the association- After 6 spirited debate in which J. A Brown of North Carolina led the opposition the committee decided to go Into exec- utIve session to consider the charges. Mr Brown then left the room in which 1 the committee is meeting and announc. ed that he had refused to sit iR eco. utive session on the matter. l Mir Brown has maintained through out the sessions that they should bs open and not executive.