The Montgomery advertiser., 1907-01-19
Smith and Hayward Ad-
 dress Cotton Growers. GEORGIAN GIVEN OVATION
Roosevelt Endorsed for Stand ia
 Brownsville Matter.
HoadIey Tells Cotton Men There Are honest Men in New York stock Exchange, But Mighty
 Few.


 Birmingham, Jan. 1s.--speeches by two distinguished soutnern Governors were the features of the sessions of the Southern Cotton Growers Associa- ton today. Governor-elect Hoke Smith of Georgia spoke during the morning and his words urging united effort in seeking to control the cotton situation were enthusiastically re-' ceived. Former Governor l.. c. Hey ward spoke this afternoon and his re- marks were along the same lire ai- though as President of the southern Immigration and Industrial Association | his remarks were more general than those of other speakers. a Joseph H. Hoadley was introduced late in the afternoon and spoke of the workings of the New York Cotton Ex- change. He said there were honest l men on the Exchange. strange as 1t might seem to some of his hsaters. | but. he added, that there were also hu- man vultures up there whose interests were entirely selfish. The mass res- sions of the convention closes tonor- l row although it is probable that the 1 Executive Committee will remain sew eral days longer. A feature of the afternoon session today was the adoption by unani- | nous rising vote of a resolution which comments President Roosevelt for the stand he has taken in the Brownsville matter.
 A largely increased attendance was | present at the opening of the second days session of the third annual con- yention of the Southern Cotton Asso- citation. When President Harvie Jor- | dan called the convention to ordar he l ia mi "a | first speaker on the morning program, I Governor-elect Hoke Smith of Georgia. I MT. Smith had been escorted to the. hall by F. S. Maxwell. Walter Clark and M. L. Johnson, a special committee named for that purpose by the Exec utive Committee. In introducing Mir. Smith, Mir. Jordan said:
 The South has given us many great
 men. flranciers.. manufacturers, agri- f fUultuYtste and others. Tn my mind tue man whom shall introduce to you this morning is the greatest nan in the l South He was the first nan who ot- ! fered to assist in organizing the firm CTS in 1899 and he has stood by us ever since. take great pleasure in pre- senting Governor-elect Smith of Geor- l gia." e3
 smith Given Ovation.
 MT. Smith was given an ovation. His subject was Practical Means of Making Lint Cotton Bring the Far merss Just Price,"
 | MT. Smith introduced his adress with sketch of the history of cotton grow ing in the United States tracing 1t from the export of 2T6 bales in 1776 to its present proportions. During the last century, cotton brought into the United States S11.0o0,O00 of foreign
 money.
 Lint cotton. he said, the great raw material from which the world Is | clothed, Is probably worth at the pres ent time IF cents pound to the grow l CT, if the price could be regulated by
 the law of supply and demand, unham- pered by the interference of specula- 1 tion. At this price it could success l fully compete with wool, flax and silk. No danger would exist from the com | petition of foreign-raised cotton if the price of the American product should be Is cents pound
 Realizing the importance to himself and to the country of getting a good | value for his cotton. every grower 1 should help toward this result. | Two reasons why cotton has not sold | for it's real value, were given:
 First-The use of unfair means by outsiders to appreciate the price.
 Second-The failure of farmers to use business-iike methods to maintain the
 price. Wall Street Influence. l Cotton buyers" said he, "are largely influenced in the prices which they voluntarily offer for cotton by Govern
 ment reports and by the publications | which go all over the world from the 1 New York Cotton Exchange. If the Government reports are manipulated to l show a larger production than the real 1 crop, the price Is depressed, and the | farmer is the loser. | Every man throughout the land | should be made to know that the prices | published by the New York Exchange | do not represent the market price of | middling cotton but only represent | the market price of inferior cotton l gathered together to protect the
 seller and until that cotton | exchange requires it's sellers to deliver genuine middling cotton, fit
 for use by manufacturers, the intus-
 tice of it's conduct should be told and | told until 1t is a by-word through the nation and throughout the world l An organized agency" he sald must exist In the cotton growing States supported by the people of those States. to watchfully ferret out and ex-
 pose any effort anywhere by sinister methods to depreciate the market price
 of our staple.
 
 is to be obtained by the man who pro-
 duces it, he should pursue a policy
 about as follows:
 First, he must. by severe self-denial
 for one or two years, get out of debt.
 "Second. he must raise his own food
 suples.
 "Third. he must have on his own farm
 his own cotton shed prepared for the
 safe protection of his cotton, just as he has his corn crib, in which he takes | care of his corn, or his barn in which he takes care of his hay.
 "Fourth, he must sell his cotton | through the year. month by month. and not dump it all on the market as soon as 1t Is ginned
 "Fifth, the men who raise cotton
 must be furnished with knowledge of its true value and steadily move the price up to a stable rate of 12 cents a l pound.
 ''The farmer should be informed as to the true value of his cotton He 1 should reach a decision as to the price it is worth, and he should not sell until | he receives that price. We must get