New-York tribune., 1908-06-03
CHEAP COTTON ASKED
AMERICAN ARGUMENT.
Proposal for Agreement Among
Buyers of Al Nations.

Paris June z-Reports and debates before the
fifth International Congress of Cotton Spinners and
Manufacturer which opened in this city yester-
Gay. indicate that Europe stands in great fear OF
the American monopoly, and feels the urgent ne
cessty of freeing this immense manufacturing IN
sustry from American domination OF the price OF
raw material especially when cotton is the sub
Sect Of speculative movements The official French
renort insists that foreign manufacturers have
right 10 fair prices in order TO avoid deranse-
ment Of the industry abroad
Moritz Schany. a German expert, expressed the
opinion that while there a possibility of a
large increase IN American production labor diff
.llties beyond tho Atlantic made increase in
the supply OF American raw material abroad un-
likely especially the United States undoubtedly
would greatly increase the consumption OF Its own
cotton Herr Schany Joined his colleagues in the
Try against the Americans on the ground that they
were not disposed TO deliver their cotton at fair
prices
To ren,e6y this condition the European delegates
advocate, first. some method TO put a stop TO I'M
proper speculation, and second, the fostering ana
the extension OF the production Of cotton in the
colonies Europe. especially In Africa and Egypt
ii is held that IN ten years these countries viii
be able TO produce ten million bales or cotton
year.
The American delegates the contrary, contend
that the Southern States the natural field for
cottor production. and say they Will be capable
ultimately Of output amounting to 100000 bales
9 year. d. A. Tompkins Of Charlotte, n. c. SUBJ
8
istenoe OF a large cotton area was problemati-
cal. and IL was therefore the duty OF the Euro
pean manufacturers TO turn their attention TO aid
ing emigration TO the Southern States, where, with
adequate labor, sufficient cotton could be grown
10 supply the world.
A S. PerrilI. of Chicago. made address in
which he insisted that the only way TO reduce the
price of cotton increase its production The
European manufacturers who had greatly les
sened the cost OF manufacture, he said could best
Nfc e-.S fIy a with
American planters IN finding methods TO lessen the
cost OF production
At q secret session held this afternoon there
came up for discussion a resolution in favor OF
organizing a systematic campaign of agitation 10
induce the governments of Europe 10 cooperate
in the development OF colonial cotton production
by furnishing seed and teaching colonists how TO
plant and cultivate The American delegates be-
,lievinz that practical results Of such action
vague and distant assumed passive attitude
Mr.. Perriu, however. argued that some OF the
European. opposition would be dsarmed If greater
care were exercised in the South in picking and
preparing cotton
The delegates then discussed at length the Ques-
ton OF working short time IN mills during crises
A committee finally proposed compromise reso-
luton TO the effect that the best plan Of escaping
disaster in the trade whether in the direction of
lack of raw material overproduction in mills.
was TO be found in establishment of interna-
rtonal agreement relative the restriction Of pro-
s1uction. The resolution which probably will be
voted invites confederated organizations OF the
various countries TO act in harmony for short
time when conditions demand concerted cuTtail-
ne1t