The Montgomery advertiser., 1909-12-08
Commercial Congress Perfects
 Its Plans. HARVEY JORDAN SPEAKS
 ON THE COTTON CROP Vast and Varied Resources sf
 Dixie Given. President of seuthern Cotton Asss- eiatisn Declares seuth's stspse Is Mainstay or All Finances sf Entire Country-0thers
 Make Addresses.

Washington, Dec 1.-The Southern Commercial Congress closed It's ses- sions here tonight with its new Sl,- l 900. .ooo. home in Washington no long CT a dream but an organized project
 financed. signed and sealed.
 Just 100 men of the south have made this possible. Each has sub scribed to si.oo0 worth of stock In the Southern Building Corporation. which is formed to build magnificent revenue producing structure. which will be the permanent home of the Congress. ~
 This subscription paves the way to s1.ooe.00o. bond issue bearing in- terest at i've percent and an Issue of second mortgage bonds bearing inter rest at six percent. The plan pro- vides for total of preferred stock bearing interest at six percent amounting to ss5,ooo. Later preferred stock will be issued to retire the second mortgage bonds. The archi- teets assure the officers of the Con- sress that the home should provide sufficient revenue to meet all the fix- ed charges and pay ten percent on the common stock after the project Is well under way.
 By the Initial plan the Southern Congress will always be in complete control Of the Building Corporation.
 Just before the congress adjourned these officers were elected: President John N. Parker. New orieans; frst vice president J. Taylor Elllson. lieutenaat governor of Virginia: aec- ond vice president. Julian s. Carr. of North Carolina. managing director q. Grosyenor Dave. Washington, D. c, secretary, Edwin L. ouariss. vir- ginia.
 New Board fef Directors. The following board Of directors were elected for the states: Alabama cuipepper Exum, of Birming zm: Florida, Senator Duncan U. S. Fletcher Jacksonville: Georgia: Asa C. Candler. Atlanta; Kentucky: Charles J. Ball. ard. Louisville; Louisiana. Lawrence Fabaeher. New Orleans. Maryland. Isaac Emerson. Hattlmore; Miseis- | sippi. c. E Robinson. Robinsonviils: Missouri. George W. sInmons. St {. Louis; North Carolina, Benjamin Cameron, Raleigh; South Caroline A. E.. Gonzales. Columbia; Tennessee John c. Dillard. Memphis; Texas. F.. A. Heitmann, Houston: Virginia, T. S. southgate. Norfolk.
 Directors-at-large elected were aA | follows: Lee McGlung, Washington, D. C.. F. W. Faxon. Memphis, Tenn. R. W. Millsaps, Jacksonville. Fla; | Charles Hall Davis. Petersburg. Va, Charles 4. Douglass. Washington. D. | C.. J. W. MeGrath. Brookhaven Miss, James A. Spruit. Wilmington. N. C., B. L. Dulany. Washington, D. :. C.: R. J Lowrey, Atlanta Ga; e. w. Witt. Lynchburg. Va; g. W. Wood ward, Washington. D. c.
 The congress placed Itself on re. cord against indiscriminate imfnigra- tion to the South. The resolution was to the effect that only immigrants who can be depended upon to main tain the standards of civilization are desirable. Another resolution endors- Ing the aims and views of the Ma tionai Rivers and Harbors Congress was unamiously passed Another commends Secretary of the Navy Meyer for his businessiike admlnis- tration and protests against any pro- position to sweep out Of existence the navy yards or repair stations South of Norfolk.