The Forrest City times., 1911-11-03
GOVERNORS DECIDE
 TOHOLDALLCOTT0E
Governors In Convention Say Product Should Be With.
 drawn.
RECOMMEND CROP REDUCTION
Reliable Statistics Show Demand for Cotton Is Good and That Staple
 should Bring Better Price.
W.str.n Newspaper Union News Service.

g.stetn Newspaper Union News Service.
 New 0rleans.-Farmers of the South must withhold from the mar ket every remaining bale of tAe pr s ent seasons crop of cotton and fol low this with contested and bind.n9 agreement to reduce next seasons cotton acreage at least 9 per cent, t they hope to restore the Soath's great money staple to normal price Ievei and retrieve the losses sus tained by reason of the present low prices.
 This Is the plan which the confer ence of Southern governors adopted at it's concluding session to secure immediase relief from the depression tn the price of the staple
 As means of securing permanent relief from such conditions and to guarantee the cotton farmer in the future against the necessity of glut- ting the market with his supplies al the opening of the season, the confer ence adopted resolutions favoring the establishment in every cotton grow. ing state of state controlled ware houses and the collection and period teal publication of statistics bearing upon the worlds demand for con. sumption of American cotton.
 The proposal of foreign banking in terests to finance a holding move. ment covering 100000 bales of the present crop was referred to a spe- cial committee for future action
 If tue plans as outlined by the conference are pu: into operation without delay" said Governor 0. B. Colqaitt oI Texas. the father Of the conference. there is bound to be an price of cotton, and traders in the price of cotton, and tralers in the speculative world will be put to rout. The statistics which we have com piled, showing the worlds demand for American cotton, prove beyond a donlt that every pound of this years erop ls worth l3 cents or m0re-and the Eattl,. is won if the South's farm CTS will stand firm"
 The reecmmendations Of the con- ference fellow:
 aWo earnestly recommend 10 the planters of the Southern states to follow he example of Louisiana and so diversity their crops as to produce everything necessary for consump ten on the farm. and let cotton be the sNrplns crop. even If the quantity raised shall be 25 per cent lees than the rlesent. as then they will get just as much in return for mueh less ialor tan this years crop will yield at present prices They will then soon free themselves from debt and De la condition without any financial aid to ell their crops gradually, as the demand shall exist. and not have 10 haI ct the work of a year in 60 or " days, as they have been aecus toned 10 do.
 Tt Is therefore earnestly recon mendcd that the farmers of the Solth NRe appropriate action to bring aooqi such warehousing system ol systems as will best serve the inter eSt tt t1e producer of cotton.
 ln view of the apparent demand TOT cotton during the next 13 months We recommend that the unsold cott7 oI the present crop be withdraw rom the market and disposed of b. system Of gradual selling. We urg uauks and business men to eo-operate
 We report to the cotten farmer. With farmers in this undertaking. that tentative and attractive proposi tlena have been made by responsible i'hahelal interests for purchasin some 2,000,000 bales of the presen cf1p. The negotiation is referred [ committee.
 deduction of acreage in 1912 i urged as a necessary part Of any pla or lolIlng and financing the presea crop. We recommend, and for ous selves, agree. that the governor 0 eae1 cotton growing state proceed once to appoint q representative ! each county, who in turn wi app0i' rePresentative in each school d Flct or voting precinct. to seour rem every farmer a binding write piedge 10 reduce his cotton acrea n i9l2 25 per cent bele Y his acrea in isIl."
 II was decided to hold in tho ture, at the call of the chairman. ierences similar to the present on