The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1907-07-02

Mr. G.. c.. Moore, president Of the
North Carolina division OF the South
ern Cotton Association and Mr.. A. b.
cessity for better Daling and houslHs
of cotton and then referred to the al
vantage of marketing crop along con-
seryative line. He. then referred IN
complimentary terms to Mr.. Moore and
introduced him to the audience.
Mr.. Moore spoke of his regret at ID"
absence of Hon. E. D.. Smith and MS
own feeling of being incapable OIL pre-
senting the matter before the business
men of Wilmington which he declared
is the most important thing before the
city. state and the out The cotton
association was born in 1905 following
a period of great depression i'll the
south. He paid a tribute to the men
who are directing the movement Of
the association in the south and III the
state, and said they were always ready
to assemble at their own expense, to
consider movements for the benefit
of the south.
The movement now planned is net Il
farmers movement, but one for bust
ness men and farmers and the south
must be reckoned with in the future
McKinnOn, chairman Of the executive
committee of the state division, last
night addressed a small gathering OF
business men with regard to the estab-
lishment of bonded warehouses in this
city, it being declared that the move
ment was one of the most vitality ina
portant that ever confronted the
south. Although the attendance was
small, due in part to several distract
ing events arranged for the evening
before the gathering had been announ-
ced, deep. interest was manifested in
the proposition, as was demonstrated
by the free and full discussion entered
into by several of those who were pres
ent.
After hearing the matter discussed,
Mr.. w. B. Cooper gave his endorse
ment to the scheme snd said he would
subscribe 81, 200 to organize 9 cotton
holding company, whose capital should
! he not less than $780, coo. After furth-
or consideration of the subject, 1T was
decided, on motion Of Mr.. l.. B. Rog-
ers. that a committee Of five be ap-
,nofnted to AXE the matter in charge
and to decide on what future steps
should be advised. The unavoidable
absence or Hon. e. D. Smith, OF South
Carolina, was greatly regretted oy
those who arranged the meeting.
There was not a very large attenG-
ance when the meeting was called to
order. there being not more than 1oEty
persons in attendance. Among these
however were several of the leadlnS
business men of the city. nCluulnS
Mayor w. E. Springer, MI. J. A ray
lOr, president of the chamber OF COM
merce: Mr.. J.. B. Rogers president OF
the Merchants Association. n MI w.
H. SDrunt.
Mr. ], Allen Taylor was made cfair-
man of the meeting and he called it to
order. He explained the purposes for
which the gathering had been assem-
bled as being to receive president c.
G. Moore of the North Carolina divls-
ion of the Southern Cotton Growers
Association and Mr.. A. J.. McKinHOn,
chairman of the executive COMMITTEES
of the Cotton Association of North
Carolina and to hear the plan they
would present for the establishment OF
a bonded warehouse in this city for
the holding of the cotton crop until the
minimum price set by the assoclatlon
is offered. Mr.. Taylor then presented
Mr.. A. J. MckinnOn, a prominent
commission merchant of MaXtOn, who
was given close attention during his
short address. He spoke of the wori
of the cotton association and the bane.
fits to the south since its organization
He said it had taught the farmers tC
demand fair prices for their cron and
to market cotton ~conservatively. Tn
adjustment of bucket shops he declar
ed to be one of the best benefits OF the
association and said the fight made
along this line by Harvie Jordon de
served the highest praise. Mr.. MCKin.
non then asked that Mr.. Moore:
proposition be heard and then actor
be taken.
Mr. Taylor said the cotton assccia
ton had Increased the monetary valu
OF the cotton crop at least 20 per cent
The south has come to realize TIA
cotton is the most convertible. asse
in the world and banks now reaii2
it as a most valuable collateral an,
this has encouraged both the farrGe
ana the banker. He spoke of the ne