Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1911-09-15
CIV Associated Press. }

(By Associated Press.)
MONTGOMERY. Ala, Sept. A.-A sys-
tenn of lectures and the methodical dis
tribution of literature for the dissent
nation of information beneficial to the
cotton producer of the south was unani-
mously agreed upon by the. Southern
Cotton Growers convention Wednesday
in the adoption of a resolution offered
by the committee on resolutions.
TEXT OF RESOLUTIONS.
The resolution declares:
That the commissioner of agriculture
in each state and each state president
and each state secretary of the Farmers
union shall constitute a campaign COM
mittee for their state whose duty 1t. shall
be to employ lecturers and send out
literature.
"That contributions are hereby asked
to defray the expense of sending out
said lecturers and literature. Said COM
mittee shall keep an itemized statement
of all receipts and disbursements which
shall be published or copy mailed to
each contributor.
!. THAT the national president of the
Farmers union and the chairman of this
convention and one other member elected
by the convention shall constitute ma
tional commission to assist in conduct
ing this work"
ARRANGE FOR LOAN.
President Barrett, of the Farmers un-
ion, announced last, night that he had
completed arrangements with French
English syndicate for securing $loOOO.OOo
with which to finance the present cotton
crop. c. L. Clayton. of New York. rep
lresenting the syndicate, completed the
transaction here Wednesday. w. p. G.
Harding, president of the First National
bank of Birmingham. and President Bar
rett are two members of the committee
to arrange details for the union.
President Barrett viii name two more
members in a few days. This commit
tee will have to be ratified by the syn
dictate. The proposition is for the. syn
dicate to loan the union money at 6
per cent on cotton stored in union ware
houses.
Five hundred farmers and. as many
bankers. congressman, United States
senators and business men, representing
every cotton growing state in America,
declared in convention that the farmers
cotton is worth is cents a pound, ana
resolved that the farmer should hold
his cottun for that price. The resolu-
ton followed a committee report that the
crop in America would not exceed l2.-
SOC, 900 bales.
For financing the crop of this year. a
resolution was adopted 20 the effect
that the farmer should deposit his COT
ton in a warehouse and use his receipt
as collateral until he could sell his COZ
ton at fair price, not less than 10
cents. There was also resolution that
the several state legislatures provide for
system of bonded warehouses.
WILL MEET IN ATLANTA.
Declaring that organization among
THE farmer and cooperation among
them with the bankers and fnianciers
was the solution of the problem. the
convention resolved itself into perma-
nent organization to be known as the
Southern Cotton congress, and adjourn
ed to meet in Atlanta at the call of the
presiiet, E. ]. Watson, commissioner Of
agriculture of South Carolina.
The meeting in Montgomery is to be
followed by a similar convention IN
every southern state. to be called by the
commissioner of agriculture of each
state. BY these conventions the action
of the congress is to be ratified ana re-
inforced by further steps toward the
end of securing better price for cotton
for this season, first. and then Tor years
TO come.