The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-01-19

ton imported by Germany. more than 10
per cent is secured from the United
States; France secures p per cent of her
cotton from the United States and Aus
tria secures one-half. Even Japan gets
p per cent of her cotton from us China
is most important from the fact that
Shanghai is the great distributing point
for American piece goods. We are now
furnishing Shanghai with over SS,0OO000
worth of manufactured goods annually,
an increase of 152 per cent in quantity and
III per cent in value in a period of nine
years, while Great Britain is doing no
better than we are and in the same pc
Rod has been virtually standing still so
far as the development of trade is con-
eerned. This means that the opening and
maintenance of a transatlantic line from
central port like Charleston to a trans
shipping port like Bremen. where the
raw cotton and the manufactured pro-
duct alike are merely transferred for
China, Is a matter of the most vital
concern to every man in the south who
grows one pound of cotton, or who man
ufactures one yard of sheeting or other
products of cotton.
No Disagreement to others.
I'm discussing this entire subject di-
rect the transatlantic line connecting
the markets of Europe and the South
Atlantic ports-and, I mean by that, Civ
ing an outlet from the eastern side OF
the cotton belt. | do not mean to say
one word that might be considered in
furious to the splendid cotton shipping
facilities that now exist from our great
gulf ports of New Orleans, Galveston
and Mobile. Understand, also that I do
not mean to indicate that am not proud
of the splendid growth of the port of
Savannah in the matter of ocean shipping
of cotton, but with large Ship carrying
both freight and passengers, and NOV
ing direct from one side of the Atlantic
to the other and on a regular service,
We find all of the possibilities for the
reduced ocean rates that I have en-
deavored to indicate to you.
1T have not undertaken to presume uopn
this occasion to avail myself of the OPP
portunity that you have given me to
attempt to dictate to you what should
be done by the states of the south. l
have merely tried to show to you the
tremendous advantage and the great OPP
portunity that is now open to the cot
ton growers of the south, If they will but
rally and give united support to the effort
to place the entering wedge which prom
ises to break the chains that have been
depressing them for so many years. l
would plead without prejudice for such
united support for so long n time as
may be necessary to a TRANSATLANTIC line
from the port which. as pioneers in this
been successful in starting. I wish to
say that when this line meaning much
to the south has been established. and
Is operating on a satisfactory basis, no
man will be found more earnestly en-
deavoring to open our other southern
ports than myself"
Walter Clark Speaks.
Walter Clark of Mississippi was intro
duced and spoke in a general way on the
dor
by the association. He said in part:
II had prepared a speech before came
to Birmingham, but the speakers that
have preceded me have exhausted every
theme had so carefully treated, and now
| will put the copy in my pocket and VIII
devote a few minutes to a general dis
cussion of some of the subjects that nave
already been discussed.
1T will talk for a few minutes on immi-
grafton, which brings me at once face to
fact with the negro problem. A great
deal has been said and is being said
about the negro In, the south, his good
and his bad qualities, but l want to tell
you that he is just what the people of
the south have made him. He is no bet
ter nor no worse. l am willing to share
my part of the responsibility of his con-
dition and you should do the same. While
the negro has many very bad qualities he
has some as good qualities as any white
man in the world. He is the only man in
the civilized world that can get anything
he wants without one bit of security, and
1t is this fact that has mbade him shift
less and irresponsible.
1--WE must put the negro on cash basis.
pay him cash for the work he does and
require him to give value received before
he Is paid.
1--WE want the negro in the south and
must have him, but to get the best sew
1t; two hi ~fpbt
and put him on strictly cash basis"
In closing his address Mr.. Clark paid
high tribute to the good work that has
been done for the association by Pres
ident Harvie Pordan and Secretary Rich
ard Cheatham. His high compliments to
these officials were loudly applauded by
all present.
Hoadey Is Introduced.
At the close of Mr.. Clark's address Pres.
ident w. II. Seymour of the Alabama d.
vision stated that there was man in the
audience who was perfectly familiar with
the operations in the New York cotton
exchange and suggested that he, Joseph
H. Hoadley of New York, be called upon
for an address.
BY unanimous consent Mr.. Hoadley was
invited to the rostrum and he made
short address. In which he explained some
of the operations in the exchange, and in
| CLOSING pdlu Il ulOSl ltlNlu Compliment "
the honesty and integrity of President
Harvie Jordan.
Mr. Hoadley said in part: 81 have lis
tened with much interest to the many
discussions on the floor of this conven-
ton. I have paid particular attention to
the many denunciations of the practices
and the men on the New York Cotton ex-
change In part this criticism is just
but not in every case. There are few
honest men In the exchange that do not
seek the injury of the southern cotton
planter But there are men connected
with the exchange that can be truly
cassed as human vultures.
In Cotton Business BY Accident.
81 came into the cotton business by
accident l have some large interests
in the south which / am developing My
Industrial interests in the south are IN
the midst of the cotton producing belt,
and the prosperity of the cotton interests
means prosperity to me. and | have been
studying the cotton situation carefully
/ want to say right here that every dol
lar make in the south will be spent in
developing and extending my business
in the south.
II commend your president, Mr. Jor-
dan, in his fight against nefarous prac.
tees of the New York Cotton exchange
and pledge him my support with all the
means l have, even to the full extent Of
my fortune. I am not a member of the
cotton exchange and am strongly OPP
posed to its practices. The members OF
the Southern Cotton association should