The Montgomery advertiser., 1908-11-11

 ting that this great cotton conference should be assembled in this. the larr- est cotton market in the world We have assembled here for a pur- pose which should appeal to the hearts ana minds of every loyal and practical SoutherDer." he said.
 That purpose Is to safeguard and protect the great. staple cron of the south from the artificial and depress- InG innuences of federated interests which operate beyond the confines of | our territory to the detriment of every business interest in this section of America. We are face to face with d serious condition and whether we will arise equal to, the emergency and pro- teet our interests as men of brain and business sagacity or whether we will indinefently accept the situation and parade before the eworld our voluntary weakness IS the issue which presents itself to this convention" MT. Jordan said that law cotton Is the only great staple commodity in the world today which ia selling below the world's grestest necessities. That this great staple should ever sell at price to the cotton growers at less than 10 cents per pound is a reflection upon the rnanhood and in justice of the Southern people" he continued. 'If the, cotton growers, bankers, merchants. 1allied business in-
 
 that the price of cotton must, and shall go back to 10 cents before the month pr NoYemper passes that price Will be paid, the financial future of the South will Dc saved, and not a spindle in the world will be, iintursd. "
 COnaenana Night RHdiaG.
 Mir Jordan condemned night riding In strong terms.
 'aThe very thought of night riding" he declared, "cr the posting of gins should have no place in the minds or heartgr of civilized people. The gin- sponsible for the low price of cotton. They should not be made the suffer- CTS. because they simply provided the way through which raw cotton is con- vertad into a commercial form"
 President Jordan called the atten- tion of the convention to the boil weevll menace' and stated if the march problem of solving cotton production would be a matter of the gravcst doubt and uncertainty.
 NIT. Jordan recommended the form ation of chain of warehouses at the leading interior market points and st the ports where cotton can be stored and Insured and receipts Issued against it, which will be acceptable as gilt edge collateral for short time loans by all the leading financia institutions in this country and in Europe. He also recommended the establishment in the South of a centralized cotton bank with sufacient capital to make 1t the an- nual clearing house for the cotton crop during the selling season ana the me- dium of cheap loans through the spring and growing season.
 He also called attention to the inl- pefative necessity of a reform in the ginning. ballng and handling CT spot cotton claiming that. by lndlnerence in this matter the cotton growers are Annually loving millions of dollars.
 MT. Jordan was named as permanent chairman of the convention. The tenn porary secretaries were made part of the permanent organization.
 An address by Bishop Thomas F. Gailor of the Episcopal Diocese of Tennessee. on The Keynote of the Conference" concluded the formal ad- dresses of the morning session.
 The afternoon session was called to order shortly after o'clock and the following program was carried out:
 Address. ''FInancinR tho Cotton Crop" W. P. G. Harding. President of the First National Bank. Birming-
 Address. Hon. E. F. Noel. Governor of Mississippi
 Address. Cause and Remedy for Low Price Cotton" Francis H. Worten. Co., IumiDia. S. C.
 Address. Present Price of Cotton in Regard to Supply and Demands" Hen " s. Reid, Statistician Atlanta. Ga. !
 
 clal Policy" Lee Richardson. Vice President American National Bank, VlcksburR. Miss.
 Although the weather was threaten ing. rain falling heavily during the night and early morning. the audito- rum was well filled with delegates and visitors when the convention was call ed to order.
 President Harvie Jordan Of the Southern Cotton Growers Association. reached the city yesterday and was one of the most important figures in attendance on the convention.
 Large delegations came In last night. Arkansas and Mississippi being well represented.
 In an interview Mir. Jordan said that the conference would. in his opinion. be the most important conference of cotton men that was ever held. The cotton interest he said. would be dis cussed in all of its phases, and while some manner of maintaining prices would be discussed. that would be only incidental to other things that viii get the attention of the confer enee.
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