The news-democrat. (Providence, R.I.) 1906-1909, 1907-05-17


-nsn Of Lawrence. Mass. president of the
National Wool Manufacturers associa-
tion. at the closing session OF the Ameri-
can Cotton Manufacturers association
here yesterday. made one OF the most
popular addresses Of the whole convention
on the subject OF American Business
Honor" He deprecat ed the cry set up by
the army OF agitators. wno under the
guise OF reformers could see nothing but
evil in the land. lie said the standard
OF business honor in this country today
Is higher than ever before
The committee having I'm charge the
matter OF the controversy with the New
York Cotton Exchange over the grading
OF cotton reported that II had a con-
ference Wednesday with a committee from
the New York exchange. The committee
said there was harmonious exchange Of
views in regard 10 the establishing OF
cotton warehouses I'm the South and the
advisability Of making changes in con-
tracts and the classification OF cotton
No conclusion was reached. however. and
because Of the absence OF the representa-
sives OF the New Orleans Cotton Exchange
the committee recommended that another
committee be appointed TO take up the
matter during the year. The report was
continued.
BOARD BLAMED.
One Of the resolutions adopted was as
Follows:
THAT this Exchange place on record
its disapproval OF the action OF the in
terstate commerce commission In the case
of the rate on trans continental ship
ments Of southern mill products to the
Orient"
The action referred to was on a rate
case Of southern goods to the Orient. in
which suit was brought by New York
exporters against southern railroads to
collect tho difference between s5 cents.
the rate from New England and sl.25.
the rate from the South. The commits
sion decided in favor OF the railroads
Resolutions were adopted favorng the
establishment OF national forest reserves
in the Southern Appalachian and White
Mountains.
The election OF officers resulted as fol-
lows.
President. g. r. Tanner. Henrietta, NJ
c.: vice president. T. II. Rennie Granite
vile, 8. c.. secretary treasurer, G. II.
Bryant, Charlotte. n. c.: chairman OF the
board OF governors. T. A. Blythe, Phila-
delphia-
The report of the secretary treasurer
showed the organization TO be in pros
porous condition.
w. ID. Hartshorn OF Boston, president
Of the National Association OF Cotton
a sister organization. was
presented TO the convention and made an
address, in which he said that without
any suggestion OF amalgamation OF the
two bodies. he hoped the two organiza-
items would work harmoniously for the
good of the industry.
Addresses were made by Congressman
Burleson of Austin, Tex; James T. Fuller
Of Charlotte, n. c., who spoke on
''Combed Cotton and r. r. Hathaway,
Boston, who took for his subject Closer
Relations Between Producers and Manu-
facturers."
President Finley of the Southern Rail-
way company received a round of APP
plause when he was introduced by Arthur
-. Lowe. the presiding officer
RAILROAD PROBLEMS.
President Finley called attention to
the assistance rendered by the railroads
In the development OF southern indus
tries. and pointed out that the demands
for railway service In the southern
states have almost reached the maximum
Of the roads. and that IL south
ern progress is to continue there must
be an early Increase in the facilities OF
southern transportation agencies.
He said that IL the roads were tn pro-
vide these facilities. they would require
large amounts OF new capital. for the OBJ
faining OF which the maintenance of
power was n fundamental redui-
site. Unfortunately. the legislation en-
acted in some OF the states and proposed
In others. he said. was tending 90 make II
difficult for the roads to sell their bonds
O. provide for new construction.
Mr.. Finley said the railways only
asked that they be given the same degree
o. protection under the law that Is given
30 business interests of other kinds.
Tie said that. laws sIbjecting common
carriers TO proper regulations were
proper, but that when legislation pro-
POSED 10 reduce charges arbitrarily and
10 impose penalties for failure to per-
form impossible service, II became de-
structive and the inevitable result was TO
cripple the ability OF the carriers to pro-
vide the additional facilities so badly
needed
A NOTABLE BANQUET.
Yesterday afternoon was given over 70
sightseeing and last night 10 the annual !
banquet rendered the cotton men by the |
Allied Textile Trades OF New York. Bos- |
ton and Philadelphia was attended by |
fully 800 men. and was characterized by |
many speakers as one Of the most re- /
Industrial gatherings OF it's |
Kind ever held in the country.
The features OF the banquet were the |
ddresse~ OF Vice President Fairbanks
md former United States Senator John
2. Mc1aurin OF South Carolina. Lieut..
GOV. Eben 8. Draper of Massachusetts
was also one of the speakers
Former Senator McLaurin said:
ITO sit and wait for other nations ~
,our commercial advantages into the lap
" the United States is to resign our
'elves 20 a condition OF helplessness our
weakness upon the sea Is the one great
ianger confronting this nation. without
merchant ships and trained seamen our
iavy lacks an indispensable resource In
ime OF national danger
"Our products should not be at the
mercy Of our competitors. II they sub
idizc their ships. then we must adopt
measures for the encourage
nent OF ours. For my part would rath-
r pay a small tribute 10 American ship
wners than 10 be az the mercy OF n for
ign business rival and compelled 90 pay
i'm such tribute as he may exact"
Speaking OF the future OF the South,
fr McLaurin said:
"Withir the next half-century the South ,
rll enjoy as complete n monopoly In the
a. she does now i'm the pro-
luction OF raw cotton. Then. Instead OF
cents. wc will draw from the balance !
4 the worlc 30 70. 20 cents per pound