The Sentinel=record., 1911-10-31
GOVERNORS
 CONFERENCE
SESSION FAILS TO ARRIVE AT CONCLUSION WITH REFER.
 ENcE TO PRICE OF COTTON.
President Barrett Says He Can Show That Every Pound of Cotton Pro- duced is Worth IS Cents
 Per Pound.

New Orleans, La, Oct. 30.-After an all day consideration of different plans for relieving the present de- moralized condition in the cotton world the cotton conference called by Governor Colquitt of Texas to devise means of restoring normal price of the Souths great staple crop failed to reach an agreement and adjournment at ,6:30 tonight until n o'clock Tuesday morning.
 was represented at today's meeting. The governors of Texas, Alabama, Mississippi Louisiana and Virginia and Charles s. Barrett, president of the National Farmers' Union, were among those present and took an ac- tive part In the proceedings.
 Ar tomorrow's session, Governor colquitt of Texas, has promised to make public the first statistics ever compiled for the benefit of the cot ton producer, relating to the con sumption of cotton and the estimat ed demand of the world for cotton of the 1911 season.
 These figures. it is said, will clearly demonstrate that even admit ting that this seasons crop would be :!he largest in the Sohth's history, every bale is worth from 14 to l5 cents per pound The figures were nor given out in detail, but Governor ColQuitt said they showed that the worlds demand at the present time was far greater than the supply.
 President Barrett of the Farmers Union said the members of that or ganization were almost to a man pre- pared to hold every bale of this sea- son's cotton which they have on hand and would be urged to do so.
 The figures bearing on the com sumption of cotton and the worlds demand were furnished by Amerfcei consuls abroad through Secretary of State Knox,
 They were secured on short mo- tice and Governor Colqutt declared that this fact proved clearly that the government could furnish such sta tistics for the benefit of the farmers through the period of marketing cot ton and demand for such will be madt by the conference.
 At this afternoons session the con. ference listened to an address by President w E. Thompson of the New Orleans Cotton Exchange, whicL allI conceded contained suggestions that, if carried to a conclusion, woula mean the financial emancipation O.. the cotton planter and of the South z Mr Thompson treated the question solidly as an economic issue.
 After presenting the causes of the present condition and showing the part that the farmer must play by a disposition to market this crop slowly and the part the banker of the South should take by his willingness to lend financial support, Mir Thompson discussed the states part.
 He told of the step taken by Louis jana by popular vote of her citizens to establish state-owned, state con trolled warehouses, whose receipts will be banEabe in every part of the world and offered this as the only safe plan for the Southern states to adopt to secure permanent relief from the conditions wllch now confront them.
 Speaking of the Louisiana plan. Mir Thompson said:
 < constitutional amendment re- commended and strongly supported by the present governor of our state comforting upon the commissioners of the port of New Orleans the ne- cessary authority to bond, construct and operate warehouse system, sucn as outlined above has been within the year adopted and ratified by the people.
 Under this constitutional sane ton the state proposes in the near future to erect great wareholsins plant, the like of which exists no where in the world today The state will be able to acquire the neces. sary land and construct the plant q the minimum of original outlay Through these economies, supple