The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1911-11-04
Tofe, COTTON CONDITIONS.
CONFERENCE DICUssEs PLANS
- FOR BETTER PRICES.
severai Methods Proposed n New
Ovseans Meeting for FUrtAns Pur-
chAsers % Pay Farmers True
= Worsh of south's Great Staple,
y bus 20 Axrecmcnt Ycs Reached
Propodeoa from European Bank
~S m Accepsed. May Give reapo-
rary kel1cf.


New Orlscrs. Oct. so.-The Cot
ton Conference. called by Governor
(coiouitt. of Texas to devise means for
rsst,r,n to . normal price tho south's
srsat s1apie crop. after an all-iay
eonsideration Of different plans for
relieving the present. dsmorslixed sit
ustion In the cotton world. aid not
isech as agreement and adjournsd at
&se o'clock until 10 o'clock tenor.
row moinins.
The plan Of certain European hank
srs to finance Immediately two mil
lion bslss Of the present crop. and
thus insure an early re-eotat;ish-
1bsnt Of the normal price for o,t-
fbn. vas considersd late today In
legfsiativs sssvion. The names Of the
American representatives,. the for
sign nnancisrs and details Of the pro-
possi plan were withheld from pup-
ncation. II u underwood further
consideration Of the plan will be lad
- somorrow's session.
Almost every cotton growing state
was represented at the meeting today.
The Governors Of Texaa Alabama.
Mississippt Louisiana and vir,.inia
were among those present ard took
an active part In tho proceedings.
lAariss 9. Barrett Of the Natiosaal
FsrmerS Union. was also present.
AZ t6morrow's scssion. Governor
CoiQuitt of Texas. has promised TO
make public the arst statistics ever
complied for the benefit Of the cot
ten producer relating to the con-
6mption OF cotton and the estimated
dsmsnd of the world for cotton of the
t1e11 season. These ngures. It II said.
@1roooclys sHeaspstrats that. even
,egeeae'& seq ,xi,l, hs
the hrgsst In the souths history.
svsry bale II worth from IL to is
cents per pound. While the figures
We're not given out In detail. Cover
nor Coiquitt said they showed that
the worlds demand at the present
time was far greater than the sup
ply.
The figures bearing on the consump-
shhon Of cotton and the worlds demand
were furnished by American consuls
abroad. through Secretary Of State
Knox. They were secured on short
notice. and Governor Coiquitt deelar-
Cd that this fact proved clearly that
the Government can furnish such
Ststisfics for the farmers benefit
tnrcughout the period Of marketing
cotton. and demand for such viii be
made BY the Confersnee.
At this afternoons session the con-
ference listened TO an address by
President w. b. Thompson, of the
New Orleans Cotton Exchange. which.
In conceded. contained suggestions
that II carried to conclusion mean
the financial emancipation OF the
cotton planter and OF the South,
Mr.. Thompson treated the ques-
tion solely an an economic issue. Az
ter presenting the cause of the pres
Dnt condition and showing the part
that the farmer must play by a dis
position - make his crop solely. and
the part the banker of the South
should take. by his willingness to
lend financial support. Mr.. Thompson
:, discussed the States part.
He told OF the step taken by Lou
isiana. by popular vote OF her citi-
Gems to establish State owned. State
controlled warehouses. whose receipts
viii be bankable In every part OF the
world. and offered this as the only
esafe plan for the Southern States to
adopt Co secure q permanent relief
from the conditions which now con-
front them.
Clarence Ousley. editor Of tho Fort
Worth Record. at whose suggestion
Governor coiauitt OF Texas. called the
conference. reviewed the conditi ons
(which led up to tho present low price
for cotton. and suggested as q reme-
dical factor the establishment OF a
Joint bureau OF statistics by the
Southern States
Mr. Ousley criticised the Federal
Governments plan Of issuing statistics
pn the cotton industry. branding II
az one indeed benenting largely the
speculator and the manufacturer, but
working detriment TO the producer.
He declared that Scent cotton means
the connscation OF the cotton farm
er's labor and presented figures pur-