The Birmingham age-herald., 1907-10-08

.,...,,.. U. spuuu,o.lso uuanls III uotton
 was also indicated before the committee on buying and selling when Congressman Hefiin of Alabama introduced a fesolu- tion asking the conference to memorial
 ize Congress and the British parliament to stop speculation in cotton, except that actually owned. But the fact that an | investigation following a similar resou- ton had resulted in a refusal by the British law making body to disturb eX- isting conditions, was brought out and favorable report by the subcommittee to which the matter was finally referred, will undoubtedly be combatted by a wig
 orous minority report against any such action.
 Governor Hoke Smith of Georgia in his address of welcome to the delegates, caused much applause by advocating the ginning compressing and baling Of the cotton on the plantation and apollshlng the manipulation of the middlemen, and undoubtedly this feature of the cotton in dustry will receive muc attention. 1t was shortly after 10 o'clock that
 President Macoll called the conference to order. after prayer President Eacoll de- livered his openn, address. MT. Macoll outlined the objects of the conference and made suggestions for the elimina- tion of differences between grower and spinner. and methods of increasing the
 value of the product of the grower Gov. Hoke Smith of Georgia was then introduced and delivered an address or welcome.
 I'm resnonse to Governor Smiths ad- dress of welcome. C. w. Macara, chair man of the committee of the lnterna- tionaI Federation of Master Cotton Spin ners and Manufacturers association and president of the English Master Cotton Spinners Federation, and vice president or the International Conference spoke MT Macara warned American cotton growers of impending disaster to tnelr buropeah trade if they advanced the price of cot ion beyond d fair profit? He also de- no,lnced the American system of specu- lating in futures
 Old Officers Chosen. All the present officers of the lnterna- tional conference of cotton growers and manufacturers were renomnteh. These officers are:
 James R. Macoll, president, Providence. c. w. Macara, vice president. Manches- ter, England. ~
 Harvie Jordan, vice president, Atlanta,
 S. B. Turner. vice president, Henrietta, Charles S. Barrett, vice president, At lanta, Ga. ~ These nominations were ratified by the conference.
 The last hour of the morning session was devoted to brief talks on the subject of closer trade relations the growers anu spinners speaking alternately. Conpressman J. Thomas Hefiin or Ala hama representing the growers. asserted that the speculator in cotton futures IS resnonsible for violent fluctuations in the market and declared it his intention to introduce in the next session of Con- eress bill to regulate cotton and other exchanges doing an interstate business, to prohibit gambling in futures, compen- ing dealers in exchanges in good falth to deliver the cotton sold and the grade a aereed upon at the time and place spec fled in the contract He also said he would introduce this in substance in the committee on contracts of cotton ex- changes and make 1t the subject of resolution to be sent to Congress and to the British parliament
 J. H. Wyatt of South carolina, TOT the growers presented Vice Chairman Ma cara with four open cotton bolls of enor- mous size as an illustration of the re- suits of cultivation, and to Illustrate 10 Europena visitors that America can grow all the cotton for the worlds con sumption Herr Kuffler of Anstra took the ground that If planters improve their product and save the wastes of compress ing. baling and transportation they will always receive amply remunerative prices These remarks apparently re- fected the sentiment of the other for egn delegates
 Committee Discussions. The afternoon was taken up with com