Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1907-10-08
COTTON CONGRESS IN ATLANTA
Great Problems to Receive Considera

tion.
Assembled in Atlanta tonight, says
a dispatch Of Sunday. are five hundred
ence Of Cotton Growers and Manufac-
turers, representing the industry Of
growing, spinning and manufacture Of
cotton of the entire world.
The object in the coming together
Of interests whose aggregate products
are valued at three billion dollars an
nually Is primarily economy, and to
I this end this worlds cotton congress
was devised for conference of every
department Of this vast industry. An
other object is the organization Of a
permanent congress-, which shall meet
annually, and attached to 1t depart
ments for the dissemination Of infor-
nation at all times. The leading men
Of International Cotton Spinners' asso-
citation Of Europe, the Association OF
Cotton Manufacturers Of the United
States, the American Manufacturers
association, the Farmers Educational
and Cooperative union and the South
ern Cotton association are here, and
collectively, their organizations con-
stitute the international conference,
which begins tomorrow and continues
three days.
Many Of these men are avowedly op-
posed to the speculative element which
has attached itself to the cotton grow
L inor IND ha forth ino
congress can do it. they say, It win
devise means to eliminate them. c.
w. Macara, Of Manchester, England.
head Of the great Bannerman mills,
and president of the international Cot
ton Spfnners' association of Europe.
calls the speculative end Of the busi-
ness curse and hopes to see It elm
mated. Speaking Of the work Of
the congress and its aims, Mr.. Macara
admitted, with qualification, that Eu-
ropean mills have sold their product an
average of nine months ahead on the
basis Of raw cotton at Is cents per
pound, while the present market Is
under IL cents. This, he admitted, Is
large profit, but he said is not exces-.
sive when 1t is considered there are
years when mills are operated at loss.
Mr. Macara said he hoped as re-
suit Of this and succeeding congresses
American cotton planters will learn
first that they have growing competi-
tion, and. then that their future SUI
premacy lies In economies of produc-
ton. and unless they do, foreign con-
sumption will decrease each year. He
said the time when the grower will sell
direct to the manufacturer appears re-
mote, unless the growers can so or
ganize as to do the work now done by
the legitimate middle man or broker.
He Is a necessity under the present
system.
| or the total value Of the last years
crop in this country, over $700.000,0e0.
he said spectators and bucket shops
got one hundred millions In charges
and commissions.
Opening Days Proceedings
It is estimated that the delegates at
the opening of the three days meeting
yesterday, represented farm and mill
property In different parts Of the world
to aggregate of at least four million
dollars.
The matters considered during the
day were principally preliminary; but
they indicated that during the session
matters Of interest alike to spinner
and grower would be discussed.
Governor Hoke Smith IN his ad-
dress Of welcome, created much ap-
plause by advocating the ginning, bal
ing and compressing Of cotton on the
plantations and abolishing the mantp-
ulation Of the middle man,
The conference was called TO order
lby Chairman James r. Mccall OF the
American Cotton Manufacturers. He
said that II the planter desired to do
away with the middle man. he must
do the same work himself and supply
the same financial responsibility, He
advocated better baling and compress
ing, saying these were necessary for
the relief of the overburdened rail-
roads. He also requested earnest
consideration Of the question OF fu-
lures and the speculation resulting
Itherefrom.
c. w. Macara, president Of the Eng
lish Master Cotton Spinpers' Fedora
tion, and vice president Of the interna-
tional conference, spoke briefly, say
L uC hilCA ibpdi NotfoH WY HtNrN
such an important part In the supply
Of the worlds needs that operations
which affect It practically AFFECT more
or less the entire cotton crop OF the
world, and when consideration is CIV
en- to the colossal dimensions OF the
worlds cotton crop and to the tact
that the raising or reducing the an
nual average price by illegttimate
speculation by even one cent pound
represents $90,000,000, 1t must be OBJ.
vious that II is time some determined
effort was made to rid the industry OF
| this serious and unnecessary burden,
It has been the aim Of all engaged IN
the manufacturing Of cotton for many
years to reduce the cost Of production
by taking full advantage Of science
and invention and great economies
have been effected. I think 1t would
be we'll II this example were followed
by the growers Of our raw material
Congressman Hefiin Of Lafayette,
Ala, introduced a resolution asking
the conference to memorialize congress
and parliament to put stop to specu-
lation in cotton except that actually
owned. This gave rise to warm de-
bate. William Dodd Of England, said
| that parliament had already invesH-
gated the matter and had refused 70
take action. During the discussion the
ma tier was TeIeTTtQ 10 d Sup-Soihmit-
tee with instructions to report today.
The committee on contracts and cot
ton exchanges, which Is to make q re-
port on uniform classification and con-
tracts of exchanges, will recommend
through Chairman II. W. Macalister
Of Manchester, Eng, the adoption OF
standard types. either by the govern
ment or by an association OF delegates
from the cotton exchanged. cotton
growers and spinners, and that the
classification should be made upon
grade and color alone. A uniform oon-
tract will be recommended, embodytng
a standard contract Of $4,000 pounds
instead Of 100 bales net weight; that
actual tare be allowed and that the
matter Of damp in cotton should be
permanently regulated by uniform
rules of the cotton exchanges. Chair
man Macalister stated that the loss In
transportation from improper COM
pressing and haling is estimated at
over $20, ZOO, 900. annually on the cot
ton used by European spinners.
In the committee on growing and
handling cotton, L. Maxwell Of Louis
AA