The Monroe journal., 1911-11-07
WORK OF COTTON CONGRESS

Recommends Holding and a Big
Reduction Next Year-Fman-
Cial Plan Under Amusement.
The following recommendations
were mad. by the Congress Of
Governors at New Orleans las
week:
We earnestly recommend to-
the planters Of ihe southern,
States 10 follow the example of
Louisiana and 81 diversity their
crops as to produce everything
necessary fof consumption on the
farm. and lei cotton be the sur
plus crop even ii the quantity
raised shall he - per cent less
than the present erep, as then
they will get just ~ much IN re-
turn for much less labor than this
years crop win WELD at present
prices. will Suon free themselves
from debt and be in condition
without any financial aid. 10
sell their crops gradually as the
demand shall exist, and not
market the work of a year in 90
or 90 DAYS as they have been ae-
eustomed to do.
rott~. Ctat,st.oc
We call upon our represen-
tatives in Congress to have the
present crop reporting system so
amended to report the periodical
publication of reliable statistics
of cotton consumption. manufaet
uring and trade information gath
cred from all cotton consuming
countries and we recommend also
and for ourselves agree. that the
commissioners of agriculture in
the cotton states gather and pub
lish like information and we sug-
gest to the Legislatures of the
cotton States adequate approprl-
ations to this end and uniform
legislation enabling the agricul-
tural commissioners To act in con-
cert and to constitute bureau
of cotton manufacturing, cotton
trade and cotton consuming IN
formation to the end that with
the estimates of production which
are now furnished by the Fed
eral government. there may. be
also estimates of demand and
thus put the planter in position
to fix Il fair price for his product
Future Trading.
"The members of the confer
ence have been reliably inform
ed that bulls on the cotton eX-
changes have been indicted IN
the United States courts under
the Sherman act for consplrlng
to buy cotton and advance the
plice and if this be in accord
ance with the provisions of that
act then we respectfully insist
that the bears in the exchanges
who conspire to sell cotton which
they do not possess with the ex-
pectation of a decline in price, or
for the purpose of effecting de-
cline, be likewise prosecuted.
A fair and comprehensive srs-
tenn of future trading is accepted
by the commercial world as es-
sential to the proper and advan-
tageous movement and distrlbu-
ton of the crop, but it is urgent
~ recommended that Congress
shall pass such laws as will abate
abuses and regulate future con-
tract trading in exchanges to the
end that it discharge its function
as trade utility, fair alike to
both buyer and seller and to the
commodity which is the subject
of the future transactions.
1t is earnestly recommended
that the several State govern
ments shall take appropriate ac-
ton to bring about such ware
housing system, or systems, as
will best serve the interests of
the producer.
Gradual Marketing.
In view of the apparent de-
mand for cotton during the next
thirteen months, we recommend
that the unsold cotton of the pre-
sent crop be withdrawn from the
market and be disposed of by a
system Of gradual marketing We
urge bankers and business men
to cooperate with farmers in this
undertaking.