Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1908-11-19

cotton conference came to a chs. Thurs
lay The conference adjourned sine die.
after hearing three addresses and the
report of the general committee.
Although nigh, riding was supposed to
have be~n finally dismissed from IN.
mind Of the conference ct "Wednesday.
sessions. it again came to the front yes-
terday morning and for a time seemed
likely 10 cause friction in the body.
One Of the most prominent features
OF the morning was the offering Of Q
resolution by T. L. SisSon Of Missi-.ip-
pi relative to the organization Of a great
farmers association Mr.. Sis-ou's reso-
lutions were a. follows:
BE IL resolved, BY this convention ei
the allied cotton interests Of the South,
That the chairman Of this meeting b.
and he Is hereby authorized. empowered
and ordered to appoint one man from
each cotton-grOwing county within the
cotton belt of the South to form an or.
ganization in his county Of all persons
Interested IN the prosperity Of the South.
and that such persons. so appointed BY
the chairman Of this convention from
each Of said counties, shall have the right
to Organize a. many local organizations
in their counties a. they shall deem
proper. And that each member Joining
the organization within the county shall
be charged fee Of $3.50 year. so cents
of which shall be appropriated to paying
the expenses of the organization and 81
to be retained within the local organiza
tion for the purpose Of defraying its To-
cal expenses or to Be appropriated a. the
local organizations may see fit and
proper.
-Bt il further resolved, That the of
fieers of this association shall make an
annual report of the manner in which
they have expended the assessment fixed
for each member
BE it further resolved. That each or
ganization in the future shall be entitled
to have two delegates from each local
organization TO be elected. the member.
thereof who shall constitute the national
association. who shall have the right to
pass on all rules and regulations a. it
may see fit and proper for the govern
ment of this association OF Southern cot
ton growers.
BE it further resolved. That Harvie
Jordan, the chairman of this convention,
BE- and he Is hereby vested with full and
plenary powers TO appoint such commit
tees a. he may see fit and proper and
shall have the right to designate and
prescribe the duties of such committees
to be appointed by him
BE it further resolved, That Harvie
Jordan be and he is hereby vested with
full and complete authority to discharge
all or any committees appointed by him,
and he shall have the right to fill their
places by the appointment of other com
mitteemen, and the purpose, aim and OBJ
jeet of these resolutions Is to give the
said Harvie Jordan full and complete au-
thority to perfectly organize the cotton
interests of the South"
The report of the general committee
was read. covering the salient features
of the conference, and received the hearty
Endorsement of all in attendance. This
report is as follows:
We, your committee. to whom have
been referred the reports of the various
committees, beg leave to submit the fol
lowing:
Holding and Selling.
Every interest in our fair Southland Is
vitslly concerned with the cotton grow
ers in securing 4 fair remuneration for
their labor and for their invested capital.
The prosperity of every one in the cot
ton growing States is measured almost
directly by the prosperity of the farmer,
and therefore We feel no hesitancy in
calling upon the business and profess
sional men of the country to cooperate
in every possible manner with the pro
ducers Of cotton in securing price that
will give n profitable remuneration for
the cotton crop. We most earnestly rec
ommend to the cotton growers of this
country that, so far as may be possible
in each individual case, none Of the crop
of 1908. still in the ownership of the pro-
ducer, be sold below the meat and bread
line of 10 cents per pound for short sta
pie cotton
We urge that after the markets shall
reach this price, the cotton growers shall
sell the product slowly, so As TO prevent
selling in excess of one-tenth per month
of the remaining crop of 1905. We urge
that in future all cotton growers avoid,
as far as they can. ineurring indebted
ness to be paid at time of gathering their
crops. in order that they may be better
able to hold their products for . fair
price
Financing Cotton in Storage.
We favor the prompt payment Of debts
when due, and for this purpose debtors
should borrow money, il not otherwise
able to pay them
To effect this, We urge upon cotton
growers the policy of applying to their
local banks for loans secured by ware
house receipts representing cotton to be
held for the purpose of being marketed
only when demanded for actual con-
sumption
We earnestly request Southern bank |
ers to accept such warehouse receipts as
collateral for loans, with the declared
policy of extending each loan from time
to time, so long as the loan is safe.
To effect this, Southern bankers are
most respectfully urged to devise some
general plan for rediscounting in domes-
tie and foreign money eenters. farmers
paper secured by cotton warehouse re-
ceipts-
Financial Center in the South
We recommend TO the immediate At