The Montgomery advertiser., 1907-01-18
Address of President of Cotton Growers Delivered at Bir-
 mingham Convention.

Birmingham. Jan. 17.-fSpecial D. E1ervie Jordan, President of the South ern Cotton Growers, delivered his an- nua1 address today, dwelling at length on the fraud order against the New York Cotton Exchange and the pro- Eress of the Association.
 Mir. Jordan said:
 NLadies and Gentlemen of the Southern
 Cotton Convention:
 In calling to order the third annual convention of the Southern Cotton As- eociation, cannot refrain from direct tnR your. attention to the marvellous accomplishments of this splendid as, period of It's existence. The South- ern Cotton Association was born of the ire and patriotism Of southern freemen. who assembled in the city Of New Orleans January =, 1e5. At the time of its birth the price of the great staple crop Of the south had been depressed to six cents per pound 2 tive influences, and financial wreck, and ruin faced the agricultural. indus trial and financial institutions of the South. That great financial catas. trophe was averted and the price tf cotton forced to ten cents per pound fin Ave short months in the face Of the was due solely to that effective coop, eration and sentiment which banded together the best manhood of the South. The success of that fierce strug- xie. which continued unabated through the spring and summer Of 1903. oe- tween Southern patriots on the one side and the organized brain and cap 1tal of the world on the other t resuI, ever accorded in the annals or nlsto. ry. The success of the South In that nemorable campaign, which cemmandlI1 al1 ed the respect and admiration of all nations also placed the consuming world upon notice that from that time onward through all future years to would demand fair and profitable prices in the sale of the leading product or
 I.eadinr Results AccopIished.
 II ia euinentiy proper that on this occasion your memories should be re- freshed with some of the Ieaalns complishments of this great associas the Southss own monopoly cotton
 Your association was the leadlns factor in advancing prices ten 10 tWen. haIee of cotton sold during the spring and summer of 1905. that amount rep resenting the unsold portion, Of the srsas, eTop as Of lsSf orranzed ai This as founding advance in prices unoer sIoH a.'st rernarkables circumstances and agalnst the combined energies of buyers. s spnntt moi holders in the South fully seventy-nvs million doll7rs more than they would have received under their former no-operatiorfSan resistance of depress- Cd narketaa4 Following fast upon I tne heels of ths1904 record breaking yleaq9' y,ea9' and upor {he price of which the asso- citation recommended minimum atd aide of eleven cents per pound pasls I,
 ding at interior points points tbroSph m ,S nov the loyalty and cooperation or the ei,, l naers and business interests geneFa,iSS nS of the South, with the opJecus n1srnoses of this great movement second complete victory was won Lo. fhe cotton growers. Recognizing that inc crop of 1906 would materlasy, onE ceed in production the crop o5 i'SO, yonr executive committee. guided oy sonservatism and sound business luoS sment. reduced the minimum eficeN1sda5s" lss,a5 Syirg for the present crop. and the svisdom of their action has been ex pressed in another victory or nood magnitude. so that that, up pnr'ce to 'a5 fixed by the association since its organiIzas,oonti Ia1.aont and in the face of the three lsrE crops ever produced ,dns m tne Not only 4 this true, but each succeeding cFop Tks been sold in the aggregate ysS1 rSI nspre money than it's Pre@decessogrr @ graeate a fo1 ssSs. o0o, ,O00; that of 1905 for s6oo:- f00.OOO and the crop of 19OO VIII pass into the markets of the country AS rhS an aggregate value or $ooV,vvV,9vyr: V,9gvwr:aSateS <ha enormous amount of $1,9oo,VVO.Vov' not including the value or the se1%t. If would have required the ehtlFS .na ss,0riA ~n,,+ nf all the gold mines Of the Worlo For eighteen months to. pay for any one of the three crops of cotton stateo Hine above CT it would have required % S1yI sSpItsI st"cE sS0:yVO of all the national banks n the United States to nave rarchased any one of these three crops it cannot be denied that tne net saW,ns sof at least $250, 100000 in the marfet- snr of these three crops. through tne effective aid of this & Assoc,attohh ,s horne &I,s sn mind that the total subscriptions Daid by farmers. firms and people oI eII ayocations in the South to the sup and fine national organization of the association, does not exceed total or a5OOnO for the two years Of US exist ence, 1t will give you son some haxe I1ea oi been e achieved through an intinitesimal ln- vestment.
 OId Methods RevOlutiOniHed.
 The Southern Cotton Association first beean the active agitation for the bu3idfng of first class cotton ware . houses all over the cotton belt, thereoy providing a swift and permanent meth cd of securing good and safe storage for cotton, cheap insurance and a sat isfactory method of financing the crop 50 as to inaugurate slow movement of the staple on the markets of the country. It Is the only organization which ever secured a practical reduc- fion in the cotton acreage when a re- auction in the acreage became impera- tive. It Is the only organization which preferred charges against the wrong doinRs of certain officials in the bureau of cotton statistics at Washington, and successfully proved them. It Is the only association of cotton growers which brought about a conference be- tween domestic and foreign spinners and the producers of American cotton. IL was the first and only association of cotton growers which has been able to name and maintain its minimum price on cotton three years in succession. against the organ ized brain and capital of the world. This association has within two years established a fixed minimum basis of 10 cents per pound for American cot ton, and that price Is now recognized as unalterable throughout the entire