Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1908-11-11
JoRDAN'S IDEAS.
Presents His Views and Gives
Advice Also.

Memphis. Nov 1Q--Hon. Harvie
Jordan made an address at the cotton
conference in which he said that 1t
was indeed fitting that this great cot
ton conference should be assembled
in this, the largest arid most promi'
nent interior cotton market In the
world.
I'VE have assembled here for pur'
pose which should appeal to the hearts
and minds of every loyal and practical
southerner That purpose is to safe
guard and protect the great staple
crop of the south from the artificial
and depressing influences of federated
interests which operate beyond the
confines OF our territory to the detri-
ment OF every business interest in this
section vf America. We are face to
face with a serious influence and
whether we arise equal to the emer-
gency and protect our interests as
men of brain and business sagacity
or whether we will indifferently ac-
cept the situation and parade before
the world our voluntary weakness, Is
the issue which presents itself to this
convention"
Mr. Jordan siad that raw cotton is
the only great staple commodity in
the world today which is selling below
the cost of production, notwithstand.
ing the fact that ii represents one OF
the worlds greatest necessities.
That this great staple should ever
sell at a price to the cotton grower
at less than ten cents per pound Is a
reflection upon the manhood and in
telligence of the southern people.
IF the cotton growers, bankers,
merchants and allied business inter-
ests of the south will and determine
that the price Of spot cotton m:..t and
shall go back TO ten cents before the
month of November passes that price
will be paid. the financial future OF
the south will be saved and not a
spindle in the world will be injured
81 appeal to you. my countrymen.
and through you to every loyal and
patriotic southerner TO rouse your
selves from the lethargy OF the pres
ent and by your united concert of ac-
ton throw off the shackles of low
priced cotton and defend the great
monopoly you possess from the ever
lasting greed of those who would take
their pound of flesh though the bleed
ing victim dies
"Out of the multitude of wisdom
and conservatism here assembled let
there be positive and definite plans
formulated to demand and force the
price of spot cotton to minimum ba-
sis of ten cents per pound now and
all time to come or else stop at once
the movement OF every bale of cotton
to market from this crop and restrict
your cotton acreage in the spring OF
1909. Let MS meet the issue like men
and solve our problems by the adop
ton OF sound business principles"
Regarding night riding in the cotton
belt Mr. Jordan said: Let the seat
of condemnation on all forms of law
lessness go out from this body Of south
ern men that will echo and re-echo
from Virginia to the Rio Grande. The
very thought of night riding or the
posting OF gins should have no place
in the minds or hearts of civilized
people. The ginners of the south are
In no way responsible for the low
price of cotton and never will be. They
should not be made the sufferers or
even threatened with the loss of their
gin plants because they simply pro-
vide the medium through which raw
cotton Is converted into a commercial
form"
president Jordan called the att
tention of the convention to the boil
weevil menace and stated that If the
march of this insect was not stayed
the problem of solving cotton produc-
ton is matter Of gravest doubt and
uncertainty.
Mr. Jordan recommended the lorna
ton of chain of warehouses con-
structed at the leading interior market
points and at the ports where cotton
can be stored and insured and receipts
issued against 1t, which will be. ac-
ceptable as gilt-edge collateral for
short time loans by all the leading
financial institutions in this country
and In Europe. In this connection he
also recommended the tSliDi1SnHltHt
in the south of great centralized
cotton bank with sufficient capital to
make 1t the annual clearing house
for the cotton crop during the selling
season and the medium of cheap loans
through the spring and growing sea
son.
He also called attention to the me-
cessity for a reform in ginning, baling
and handling of spot cotton, claiming
that by indifference in this matter the
cotton growers are annually losing mil.
lions of dollars.
In conclusion. Mr.. Jordan said that
bankers all over the south have writ
ten him in the past few weeks that
they are In sympathy with the move
men, to advance the price of cotton
and they will give the cotton growers
all the financial assistance in their
power to tie up the sale of cotton until
the fight is won.
H0lIide m Curve