The Durham recorder. [volume] (Durham, N.C.) 1879-19??, 1911-09-29
Says President Of Association q
Cellen Manufacturers
DARKEST BEFORE DAWN
Period in the Cotton Manufacturing
Rusiness-PeopIe are Beginning 10
Realize that Attacks on Large i"'
forests win Wreck Business Llie
AZ Na,iea and Bring Disaster.

s.rchastar Vt, Sept 2s-laS
.rnsacnt,on Of the so-called trusts oy
The United States government ans
the present and probable condition. Z.
business in general. were topics
touched upon by Franklin ". hooss'
az Brookline. Mass. president y ~
national association OF cotton manu-
.,.r,nr.rs when be opened the semi
arnnal sessit Il Of the association ners
last night .;..;on
The members of the association
were heartily welcomed TO Vernon
~ Governor John A. Meade, and IN
response r. NJ. Miller, Jr, Oh Snal-
lotte. \. c, spoke in appreciation 2
the governors sentiments
Il am inclined TO believe rlaa 'ne
nopuiar wave OF prosecution, ana ever,
PERSECUTION Of the socalled trusts ana
large business interests has nearly
ra.shed its crest. and before long VIII
berin 10 subside." said president
Hobbs. during his address.
.The people at last are beginning =
realize that these attacks cannot "
continued indefinitely and indiscrlnli-
nately without wrecking the Whole
business life Of the nation and bring
inr distress to the people at large.
n q gradually. but slowly, becoming
clear that whatever affects the great
Interests Affects in like manner the
small. for the success OF each IS de-
pendent npon the success Of the other.
-Le, u hope that the time 5 near
III hand when the man who conducts
= greaf Industrial enterprise VIII oe
looked upon once more as pubic
henetaeior. not as a malefaetor, and
when the people will realize that ne Is
Of more value 70 the state when the
demagogue who attacks hin for me
sole object OF attempting 70 deceive
the people in order 70 get their soies
Conditions In. cotton manufactur-
ing during the past six months nave
ben depIorable. The raw COTTON
sitaa;ion and tariff agitation have
been the chief causes Of the abnormal
IL dull trade We have experienced
Mills have been running short time
and !; has been estimated that dlrins
the past month production. both nortf
and south. has not been y per cen
" normal Crop prospects Indicate y
he near future cheap and large sup
piles Of raw material. but nevertheless
trade lars and there Is no feeling o
optimism. The stock Of goods ar
small. the shelves 0; the io5oers am
retailers are exceptionally bare; N
prices are low. the tariff h settled n
! tine x any rate. and yst. = prss
ent, lie conditions Of our bushes
CONTINUES most unsatisfactory.
The fundamental conditions IL ~
canntry are good. the crops. shil-nc
bumpers. are abundan; and the nnal
cal situation h sound We nov Eeal
cessation Of agitation and then con
ndsncs all BE- resumed IN norina
proportions The present may, .hsfe
fore. sell - The dark 81 before u
dawn period for such depression
never has. and ! believe never ca
long continue IN our country. VI .
hope hat from noE on there viii BE-
gradual. steady improvement ~ con
df6ons 70 that IN the not distant q
tire our mills may again Be- busy. ~
Operatives employed 81 full TIM ar
full aagrs and prosperity reign AGA
IL The textile centers 81 our eoInirl
n0rtA and south
Referring % the Underwood bill. "
Ho5tz said 81 was draw NJ al
PASSED b. the house without gisin
the cotton manufacturers chance
BE- heard. a hitherto unknown ~
casdlng Fortunately for IT, selia'
VI IT, industry and the country
large. President Taft vetoed this hast
and ilI-advsed legislation Nhic
would have caused suffering and rui
10 millions Of people dependent on
great national Industry"
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