Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1908-06-10
PARIS | COTTON MEET
Worlds Manufacturers Talk
Over Their Troubles
DESIRE CHEAPER RAW COTTON
Sentiment Of Congress of Intsrna-
tional Cotton Spinners Is That
Americans viii Not Sell Their Cot
ton mt Fair Prices.

Paris, By Cable.-The reports to
and the debates before the fifth in
ternational congress Of cotton spin
aers and manufacturers which open
ed in this city Monday, all indicate
hat Europe stands in great fear of
American monopoly and feels the ur-
gent necessity Of freeing this i'm
menss foreign industry from Ameri-
IAN domination Of the price of raw
material, especially when cotton is
lie subject Of speculative movements.
The official French report insists
hat foreign manufacturers have o
right to fair prices in order to avoid
I, arrangement OF the industry
abroad. Moritz Schany, German
expert, expressed the opinion that
while there is possibility. Of a
largely increased American produc-
ton, labor difficulties beyond the
Atlantic make an increase in the
supply Of American raw material
abroad unlikely, especially as the
United States undoubtedly will great
ly increase the consumption of its
own cotton. Herr Schany joins with
his colleagues in the cry against the
Americans on the ground that they
are not disposed to deliver their cot
ton at fair prices. To remedy this
condition the European delegates adj
vocate, first, some method to put a
stop to improper speculation, and
second, the fostering and the extern
sion of the production of cotton in
the colonies of Europe, especially If
Africa and Egypt. tits claimed that
in ten years. time these countries
will be able to produce 100000
bales Of cotton year.
The American delegation, on the
contrary, contend that the Southern
States are the natural field for cotton
production, and say they will be ca
pable ultimately of an output amount
ing to hundred million bales a year.
D. A. Tompkins, of Charlotte, N. c.,
submitted report in which he urged
that the existence of large new cot
ton area was problematical and it
was therefore the duty Of the Euro
peon manufacturers, instead of pur-
suing illusory dreams, to turn their
attention to aiding immigration to the
Southern States, where, with adequate
labor, sufficient cotton can be grown
to supply the entire world.
A. S. Perrill, of Chicago. insisted
that the only way to reduce the price
of cotton was to increase its produc-
ton. The European manufacturers
who had so greatly lessened the cost
of manufacture, he said, could best
contribute to this end by cooperating
with the American planters in find
ing methods to lessen he cost of Lro-
duction.
at o secret session held Monday af.
ternoon there came up for discussion
a resolution in favor Of organizing
a systematic compaign Of agitation
to induce the governments Of Europe
to cooperate in the exploitation OF
colonial cotton production by fur
nishis seed and teaching colonists
how to plant and cultivate. The
American delegates, realizing that
the practical results Of such action
are vague and distant, assumed a
passive attitude. Mr.. Perrill, how,
ever, argued that some Of the Euro.
pean opposition would be disarmed
if greater care was exercised in the
South in the picking and preparing
of cotton.
The committee Of the congress fin
ally proposed comprsmise resolu.
ton to the effect that the best means
of evading disaster in the trade
whether in the direction of lack OF
raw material or overproduction in
mills, were to be found in the estab-
lishment of an international agree,
ment to the restriction of production
The resolution, which probably will
be voted. invites all confederated or,
eanizations Of the various countries
to act, in harmony for short time
when conditions demand concerted
curtailment.