The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1911-10-31
Devise Means of
Restoring Cotton Prices
fcontInued From Pace onel

President Barrett, OF the National
Farmers Union, was present.
At the session tomorrow Gov. Col
quit promises to make public the first
statistics ever compiled for the benefit
of the cotton producer relating to the
consumption Of cotton and the esti-
mated demand OF the world for the
1911 cotton season. It is said these
figures will demonstrate that every
bale Is worth Ia to Is cents per pound
ACSov. Colquitt said the figures showed
Inthe worlds demands are now far
greater than the supply and said all
the farmer has to do is to hold on tc
what cotton he has.
Major w. A Graham, Of North
Carolina, favored state aid to the cot
ton farmer as a means of securing an
equitable price for the staple.
The plan of European bankers ia
finance two million bales of the
present crop was considered at an
executive session. Details Of the plan
were not made public.
CUT DOWN ACREAGE.
"Cut down the cotton acreage, prac-
tico laiversaafii SSation,' IL the adrnonition
of Commissioner of Agriculture Keen
OF Texas. IF theifarmers of the coun-
try would raise things that their fani
lies are compelled to have and will
yield them cash enough to keep out OF
debt. and make cotton a strictly
clear money crop that they can hold
If need be indefinitely, until they re-
ceive the price they think it's worth, 1t
would render speculative manipulation
of the cotton crop impossible and
make the farmers master of the sttua-
ton. They should adopt this plan at
once and stick to 1t with infexible -te-
nacity.
Another Innovation I wish to see
inaugurated is for the federal govern
ment's cotton reporting service to be
improved TO the extent that when 1t an
nounces what the cotton crop will be,
1t will at the same time announce
what the worlds demand for this crop
is. and other facts necessary to pro-
tect the producers interest"
It is the opinion of w. A. Graham,
commissioner of agriculture of North
Carolina, that what the planter needs
most is an extended market, developed
by the national government directly as
has been done. said he, in the interest
of the cotton manufacturers.
THE banks of our state are stand
ing behind our planters" said he, land
they give us every assurance that they
will continue to advance such sums as
will enable the planter to carry his
crop until prices justify sales. l be
lieve the landlord should limit the
acreage OF his tenants, say what they
shall plant and cultivate and even go
so far as to require his tenant to pro-
duce sufficient provisions to support
himself and his family.
COLQUITT PRESIDED.
The meeting today was presided
over by Governor Colquitt of Texas
Mayor Behrman of New Orleans, de-
livered an address of welcome. He
was followed by Gov. ]. Y. Sanders of
Louisiana, who welcomed the visiting
governors and delegates on behalf of
the state.
The visiting governors present at
Iithe opening of the conference were
: Governor Colquitt of Texas, Governor
Mann of Virginia, Governor O'Neal of
Alabama, Governor Noel of Mississippi
and Governor Sanders of Louisiana.
Governor Sanders said he did not
believe that the worlds crop of cotton
was any greater than the demand for
that staple. He expressed the lelief
that by cooperation of the state Of
ficials and cotton planters, a plan
could be devised whereby the price of