The Washington times., 1907-02-03
FIGHT COTTON
SPECTATORS,
URGES JORDAN
Cotton Growers PreSi-
dent Working for Leg
iSlation Against "EX-
changes.

1t is not in the interest OF the
health of the New York Cotton Elk
change that Harvey Jordan, of At
lanta, is again in this city.
About six weeks ago Mr. Jordan
came here TO throw a harpOn into
the Manhattan cotton buyers. AS
president of the Southern Cotton
Growers Association, he requested
the Postmaster General 10 issue a
fraud order against the New York
Cotton Exchange. and debar the in
stitution from the use Of the mails.
His present visit is to urge Con-
gress TO take the matter up by or
dering the investigation of all cot
ton exchanges. Such a resolution
was introduced by Representatives
Livingstone and Burleson, has been
reported unanimously by the Com
mittee on Interstate and Foreign
Commerce, and viii be taken up
by the House tomorrow.
This resolution requires the Secretary
of Commerce and Labor 10 make q
thorough investigation Of the methods
OF these exchanges and 10 report there
On al the next session.
Mr.. Jordan is confident that the reso-
Mtion VIII be adopted.
Georgia Stopped Exchanges"
Mr.. Jordan. before leaving Washing
ton last night. said: Il am acting on
behalf OF the Southern Cotton Growers
Association. in the effort TO drive these
exchanges out Of business. In Georgia
We had legislation adopted which went
into effect December 81, that drove every
one Of the branch wire and bucket
shop operators out Of the State. SINH
lar legislation is now pending IN Texas,
Arkansas. Tennessee. Alabama, and
South Carolina, where the prospects are
favorable for its enactment In the
other cotton growing States similar laws
viii be offered at the next meeting OF
their legislatures.
I'VE cotton growers do not fight
against these exchanges on moral prin-
cipals. but from business standpoint
Heavy Money Losses.
Every artificial influence which causes
a decline of SO a bale nhicts a loss Of
SIS, 900 upon the cotton growers. This
is national question. The cotton and
cotton seed harvest Of the South reaches
S1O0000.OlO a year. II would take every
ounce Of gold dug out OF every mine on
earth during a period Of eighteen months
70 pay for it.
COttOn's Value to Nation.
I've export between $780, 100000 and
S5JJ,O0J,O00 worth of raw cotton every
year and in exchange We get gold. Cot
ton il the genius of the Nation. II
brings 20 this country more foreign gold
than all our exports OF other products
and agricultural implements combined
cite these facts and figures TO show
that the cotton crop is not a sectional
commodity and our fight 10 cut or these
gamblers from choking us To death
should be upheld by every American.
IN the last few years there has been
a wonderful revival of cotton CROWNS,
In the South. After the war il was
thought impossible without slave labor
10 grow cotton at a profit. But its price
has gone up under the inordinate de-
mand, and every acre upon which the
crop can be grown is being put under
cultivation. Now, we are not anar-
chists." explained Mr.. Jordan but we
propose to stop these speculative in
terests when and where they injure our
cotton growers. We propose 10 make a
national issue out OF it,"