The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1911-05-23
President D. Y. Cooper T~rs On Cotton
Address at Textile Convention Says That the
BE Worth Billion Dollars, Which More Than That all
the Gold Mines in the World for the Same Period

Annual address Of President D. Y
Cooper to the fifteenth annual con-
yention, American Cotton Manufac-
turers Associations:
I greet you most cordially upon
this, the fifteenth, annual convention
Of the American Cotton Manufacture
ers Association. l feel that special
thanks are due to our board Of gov
ernors, and that they are to be heart
fly congratulated upon their happy Sc
lection of this place, which has
enabled US to meet amid such pleas
ant and comfortable surroundings.
This beautiful city of Richmond,
whose history is that of progress and
development. with it's live, wide
awake, energetic and intelligent busi-
ness men, it's splendid citizenship, it's
magnificent hotel facilities, has al
ways been noted for it's open-hearted
and delightful hospitality, and those
who enter its gates are made to feel
at once the sincerity of it's welcome.
There is no place within my knOWl-
edge where the evidences Of advance
ment along all lines and especially in
its financial, commercial, industrial
and manufacturing enterprises, are
more marked and manifest than here.
Hence l am sure that coming to-
gether under such favorable circum-
stances will make this, both in its So
cial and business features, one Of the
most pleasant and profitable meetings
In the history of our association.
The object.in forming this corpora
ton was to extend and encourage in
vestigation and experiment in sclentl-
fic methods Of cotton and textile man
ufacturing, and to permit social inter
course among persons engaged IN cot
ton manufacturing and allied pursuits.
An attractive program has been pre-
pared, embracing many subjects,
hence my purpose is to give only
short outline of what has been under
taken and accomplished during the
year. These annual meetings are,
and should be, of greatest importance
to everyone interested in cotton grow
ing and cotton manufacturing. Ihe
association has grown from a rev IN
number to a strong organization, nav
ing now about twelve hundred mem
bers, composed largely of manufacture
ers and those engaged in kindred pur-
suits making most congenlal organ
izatiOn.
The business situation for the past
year has not been encouraging. Cot
ton manufacturing, in it's various
phases has puzzled the oldest, most
Skilful and most successful manufac-
turers. Profit and loss accounts have
claimed attention and closest scrutiny.
Schemes and plans have been devised
for cheapening production, 1essenlnS
waste and the cost of distribution.
Activities along this line may serve US
we'll in the future. Depression IN the
business has been continuous for the
year Curtailment has been resorted
to. but not in a general or co-opera-
tive way Had there beel genecai
curtailment, it would nave doubtless
relieved in a large measure the situa-
ton, preventing much uncertainty and
loss Manufacturers have never econ
omzed so closely. and the cost ~
many instances has been redu'el to a
minimum There is a better under
standing between buyer and seller
The evils of cancellation have been,
to some extent. eliminated. CONNER
clal integrity is getting on higher
plane.
A cordial invitation was extended to
your officers and we met with the OF
1lcers Of the National Association OF
cotton Manufacturers in New 7 ork
on October 49, 1910. Notwithstand-
ing the fact that both associations
nave been in existence for many years
TINS was their first joint conference
ne president, Mr. Franklin v
HoDbs. in opening the conference
stated: There is SO much in common
IN the purposes of the two Organiza-
t'ohS here represented by their Off
GERS, that it appears as if the interests
al the cotton manufacturer would be
enhanced by coincident although in
dependent, lines of policy. and such
uniformity of action would have the
greater force tbroJob !Ooic OF