The Sentinel=record., 1911-09-14
MEN
 IN SESSION
Y EA v
FIVE HUNDRED GROWERS AT MONTGOMERY DEMAND 15c
 A POUND FOR COTTON.
Urge Growers to Deposit Their Crop In Ware Houses and Hold 1t Until This Price Can be
 Realized.

Montgomery, Ala, Sept. S.-tlve hundred Rton growRrs and as many bankers, congressman, United States senators and business mea,
 representing every cotton growing |state in America, declared in conven. ton today that the farmers cotton IS worth 15 cents a pound and re- solved that the farmer should hold his cotton for that price. The reso- lution followed a committee report that the crop in Am rrica would not exceed 12,50O,OOO bales.
 Looking forward to plans for lin ancing the crop for this year, res olution was adopted that the farmer should deposit his cotton in a ware house and use his receipt as colat- teral untif he could sell his cotton at a fair price. not less than 15 cents, There was also resolution that the several state legislatures provide for system of bonded ware houses.
 Declaring that organization among the farmers, and cooperation among them with the bankers and financiers was the solution of the problem, the convention resolved itse into per manent organization to be known as the Southern Cotton Congress and ad journed to meet in Atlanta at the caR of the president. E. J. Watson, commissioner of agriculture of South Carolina.
 The meeting in Montgomery VIII be followed by similar convention in every Southern state to be caIlea by the commissioner of agriculture of each state By these conventions the action of the congress will be ratified and reinforced by ifurfher steps to secure a better price for cotton for this season first and then for years to come.
 Among the speakers to the conven- tion today were Senator Ed Smith of South Carolina, who receive thanks of the congress for his attl- tude in congress toward the govern ment cotton report; Congressman J. Heflin of Alabama Congress- man Henry D. Clayton of Alabama. and Dudley B. Hughes, congressman from the eleventh district of Georgla; Oscar W. Underwood. leader of the house of representatives, chairman ot the ways and means committee and for the presidency sat in the audience.
 1t was Senator Smith who made tn' speech which probably decided th' in fixing the selling price of cotton at l5 cents. Congressman Hefln wanted to make tlse price ID or 14 cents, with IA cents as the min mum. Congressman Clayton in his speech declared his belief that ih ten years time, the world would DC using 25,0O0,O0O or SO,OOO,OO0 of Am. erican cotton.
 President c. $. Barrett of the Farmers EducationS and Cooper atiyo delivered an address on co-op- eration. He denounced as baseless the reports of bumper crop, denieo the charge that the Farmers Union was a combine to hold up cN1liga- ton and asserted that there is com for the purpose of hammer ing down the price of cotton.
 w. P. c. Harding president of the First National Bank of Birmingham, spoke on financing the cotton crop. :" He declared that the present crop could be best only an average one He advised against fixing minimum price at which cotton should be solo but urged farmers to market ther cotton slowly and gradually.
 Dr. w. F. Hinds, state entomolo- gst, delivered an address on the de structlve work done by the cotton caterpillar.
 INDIAN LEGISLATORS.