The Semi-weekly leader. (Brookhaven, Miss.) 1905-1941, 1908-05-16
BANKERS ASSOCIATION.
IA COOPERATIVE COTTON WAREHOUSE
SYSTEM PROPOSED.
IA BrOOkhaVen Banker is Elected Pre-
sident.
Columbus Selected as the Next Place Of
Meeting.


citation, which was in session when
The Leader of Wednesday went to
press, held an afternoon session
Wednesday and two sessions on
Thursday and adjourned to meet
next year in the city of Columbus,
| Miss.
The principal features of the
Wednesday afternoon session
were addresses by Mr.. Lynn
Dinkins, of the Interstate Trust
and Banking Co., and Mr.. Solo
mon Wexler, vice president of the
Whitney National Bank, of New
Orleans. The congressional dis
tricts were called by number and
responses requested from each by
President Fletcher as to business
conditions in each. Responses
were made for the First by B. F.
Clark and S. j. High of Tupelo;
for the Fourth by Isham Evans
of West Point; for the Sixth by
F. w. Foote of Hattiesburg; for
the Seventh by DR.. o. B. Quin of
McC Comb, and for the Eighth by
w. M. Anderson of Jackson.
There were no responses from the
Second, Third and Fifth.
All of the reports told of siren
uous experiences during the
height of the late panic, but in
every instance the tone was hope
full and optimistic as to present
and future conditions.
Visiting bankers were called on
for short talks, and responses
were made by w. o. Jones of the
National Park Bank, New York;
A. Breton, Paul Villere, L. M.
Pool and Mr.. Robertson, New Or
leans; Eugene Snowden and Mr..
Scherrer Of st. Louis. Short ad
dresses we're also made by w. H..
Powell of Canton and j. S. Sex
ton of Hazlehusrt.
The feature of Thursdays pro-
ceedings were a paper read by the
veteran legislator and present
Speaker of tie House of Repre-
Isentarlyes, Col. I'll. Nj. Stfeet, on
Legislatures and Legislation"
and an address by Hon. 6. w.
Hightower, president of the Mis-
sissippi Division of the Farmers
Union. Mr.. Hightower made a
strong and convincing plea for the
cooperation of the farmers and
bankers of the South for the con-
troll of the price of cotton and the
establishment of cotton factories
in the South.
Following this speech Mr.. V.
Otis Robinson, president of the
Century National Bank, of Jack
son, introduced the following
resolutions, which were nnani-
mously adopted.
Whereas, 1t is wise and profit
able that the bankers and farmers
shall cooperate in the handling
and marketing of cotton and other
farm products; and,
Whereas, 1t is desirable that
practical plan be devised for the
expression of the desire to bring
about wise and profitable CO.
operation in handling cotton;
therefore be it
Resolved, that the President of
this convention appoint special
committee of three, the duties of
which shall be:
a. To draw and suggest a uni.
form negotiable cotton warehouse
receipt upon which loans may be
made with the maximum of safety
and the minimum of red tape, ex
pense and trouble.
b. To cooperate with similar
committee appointed by the
Farmers Union of Mississippi
IN drafting and suggesting a uni
form set Of Bylaws, rules and
regulations for the government of
cotton warehouses throughout the
State.
@. TO cooperate with similar
committee from the Farmers
Union ir suggesting further plans
for detailed cooperation by the
bankers with the farmers in
marketing the crops of the State.
Resolved, Further that the said
committee be requestede to make
preliminary report on or before
August i, 1908, by circular issued
at the expense of the Association
and final report at the next meet
| ing Of this Association.
The committee provided for
from the Bankers Association is
not yet announced.
The committee on nominations
Through its chairman, DR.. 5. @.
| Carter, Of jackson, submitted the
following nominations fol the
various Offices for the ensuing
year
President, Oscar Newton, Jr..
Brookhayen.
Vice President, w. M. Ander-
Ison, j jackson.
Secretary and Treasurer. B. WI.
Griffith. Vicksburg.
District Vice presidents lst
district, John Fl. Osborne, Cor
Einth; End district, Ihos. Taylor,
Como; Bird district, I. w. Mccoy. /.
lGreenville; 4tI district, p. v.
Yates, Macon; 5th district, Walk
er Broach, Meridian; 9th district,
1J. M hampton. Columbia; 7th
ldistrict. @. B. Quin, McComb;
Sth district, B. 4. Roberts, Can.
ton