The Montgomery advertiser., 1907-10-05
Cotton Manufacturers
 Closing Session.
MEYER AND STRAUSS SPOKE
Director of Census Bureau is ' Optimistic for South.
Predicts That seuthern states wau show Greater Relative AAvancs
 Thsn any Other seotioa \
 sf Country.

washington, Oct. 4.---The second and closing days session of the National Convention of Cotton Manufacturers today was marked by the presence and the delivery of addresses by two mern- bers of President Rooseveit's Cabines. Department of Commerce and Labor. and Postmaster General Meyer.
 Mr. Strauss reviewed the history cf the cotton industry.
 Others on the program were D. A. Tompkins of Charlotte. N C.. on Amer tcan Shipping on tho Deep eees.: Ar. thur R. Marsh of New York city on the Economy Position of New Yorl's Cotton Exchange. and It's Relation to the Cotton Trade" and D. l.. Greene Freight Trafhc Manager of the South. ern Railway on rho Loading and Shipment of Cotton."
 south's Future Growth.
 Director North of the Census nu- reau. fin his address, predicted that at the next census and at each succeed Ing census for long period. the South ern States will show a greater reIa- tive advance. both in agriculture ana manufacture than any other section of the United States. He said that In the past seven years there had been a marked tendency to consolidation in ginning He predicted that the next great advance in the evolution in the handling of lint cotton would be the suppianting of the present preliminary and somewhat loose form of packing by the general introduction of gin compressors.
 The gradual perfection of the meth ods of the ginning census, nc said. had been followed by the complete elimination of speculative estirnates og the size of the crop as factor in fixing the price. If the cotton growth continues at the present rate, Mir. American spindlers will be south of the Mason and Dixon Line.
 T look forward with conhdenco." he concluded, ''to the time when the ffni- ted States. instead of exporting nrnc- ticaliy fwo-thirds of It's cotton will manufacture by far the greater part Of ft at home and will secure Cor her own people the enormous prpfts whieh isA in manufacturing this staple"
 Postmaster General Meyer spoke briefly concerning the postal service
 The address of Mfr. Tompkins, who was unable to be present, was read by the Secretary. we need ships now as badly as the farmer needed factories in 18S0." he said We must have them if we would escape a depression like the farmer had when cotton went to 5 cents pound.-
 Defends Cotton Exchange.
 A defense of the New York Cotton Exchange was paade by A. R. Marsh or New York. a member of that exchange. in which he declared especially against the charge that the exchange Is Q part of the "maievoient machin- cry" of Wall Street that 1t is domi- mated by unscrupulcus gamblers.
 Tt is true" he stated. that at least three-fourths of the annual crop of the United States Is handled by members of the New York Cotton Exchanges"
 MT. Marsh said the reason why the exchange maintains itself in the face of abuse and of the oft-repeatsd decia- ration that it has no legal right to ext ist" unrivaled facilities of New York for handling a worldwide credit bus mess and because of the uneaualed ex- perience style and probfty of the ac- tive membrs of the exchange in con- ducting such business.