The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-08-08
NO REASON FOR WORRY
FOR COTT0N-C GROWERS
Congressional Committee Issues
Statement Calculated To Restore
Confidence OF Southern States.
TELLS THEM TO STAND FIRM
Markets Will BE Found. and There
Is No Cause for Sacrifice--Govcrn
ment Is Co-Operatiny, and Crop
VIII Be Disposed or.

WASHINGTON. August lin address
to the cotton growers and people Of the
cotton ErowinS states. made public to-
night. the congressional committee
nh!:n volunteered several days a go to
seek measures which would prevent
serious conseoucnccs to Tie South be
cause OF the European war. declared:
.our message to YOU is-,stand firm
sell cotton ONLY As a last necessity"
Members Of the committee, headed by
senator iloke Smith. of Georgia after
careful Investigation of conditions up
Il the present time. gave II as their
mature judgment that the least possible
'otton should be put upon the market
during the next sIxty DAYS. asserting
that the agencies Of the Federal gov
eminent. both executive and lcgisla-
tive. were doing all possible TO relieve
the strain Of the situation caused By
the lack of transportation facilities and
the danger Of facing no market abroad.
They called for unseliish operation
among the farmers, merchants and
bankers Of the South for the common
good. and declared: 1T should be un-
derstood that we are not in the midst
of panic. nor is financial panic
possible under our new banking and
currency laws, AMI II is not necessary
FOR US 10 throw our cotton on the mar
keL at prices less than it's real value"
COMMITTEE STATEMENT
IL VERY MEASURING
The statement % the congressional
committee follows
We recognize the fact that cotton
IS the money crop OF the Southern peo-
plc. and any situation which vitality af-
ftct5 It's value must -" felt By all lines
az commercial aud industrial activities.
"Whiie the condition OF war Ia Eu-
rope gives rise 10 situation which is
serious. wc believe that IL can be great
j. overcome II all agencies. national,
State ahd local, promptly ana vigorous
Is resi ond 10 their respective duties
Your President. tine several cNecu-
tive branches Of the government and
%oVr - majors aud Representative arc
cAcrtina every effort to devils" means
b. "hich tho cotton crop may he mar
kcted az price warranted by a normal
law OF supply and demand. and not by
condition caused by European war
I h important pOlHtH involved are
FIRST. transportation. /, is essential
titct lint cotton aud cotton manufac-
tured goods should reach foreign mar
kcts. where 'h.y may hc consumed.
". arc confident Congress viii pass
Nithir Jew lays IA amendment u
or shipping laws which viii greatly
facilitate transportation. ". have no
DOUBT transportation facilities will be
aNailauIc FOR cotton and cotton manu-
featured goods within a very short
time.
.seco"d. eognsu,nH'ion Of cotton. Tn
te;,po ar,ly TIE demand and consump-
iiou OF our cotton. The stat. Depart
r:,.t N's -ablcd our cousuls abroad
~ dc'uiled Information. From the in
torriatiou }Ec have received. we arc
CONFIDENT The consumption, domestic
anil t"icirn, OF our cotton, Will be much
large th,n is generally supposed. The
mills r.! The Uuitcd states and Catada
via consume Approximately half Of
our production and the demand for
american cotton by Great Britain and
the orient viii not be greatly reduced
Great Britain consumes nearly half Of
orr exported cotton. Eleven million
bales OF our cotton should bo absorbed
BY the trade, even under tn" most
aggravated conditions.
ToItEIGN TRADE WILL
Nor BE WIPED OFT
'7'hrse facts shouid be most rcas-
sUriuG. and should entirely dspcl the
idei that our foreign trade in cotton
viii be wiped out
Third. money to market the crop
and care for the surplus. Already the
Secretary OF the Treasury has arranged
10 deposit In Southern banks the sum
OF $4,000. GOO Tie desires this used
especially 10 handle the cotton crop
During the present week your Congress
has passed an emergency currency
bin, under tho terms OF witch not less
than si.5oo,oco.oo0 OF additional cur
rencv Will I've available 10 meet every
emergency which may arise
The reserve banks. under the new
banking and currency act. will speed
lily organize. They viii accept notes
secured by agricultural products. This
insures ample money for moving the
crop and to care for such distress cot
ton az may come upon the market and
also to keep in operation the factories
and various industries necessary for
the consumption OF the crop.
The financial situation of the coun-
try could not be better. and when IL is
understood that the Treasury Depart
ment stands ready to lend its great
power to prevent a sacrifice of the
cotton crop. feeling of confidence and
assurance should come to us al!
Fourth. local co-operation The
agencies OF the Federal government
both executive and Legislative. are do
of the situation. While the power OF
the government Is great. it should not
DC overestiima.tedi, We desire to i'm
the most cordial and unselfish co-opera-
ton among farmers merchants and
bankers OF the South. To the end that
every local effort ana every local
agency shall be brought into action in
the Interest of the common good.
respective states and localities would
he most helpful. They would furnish
lem in IL OF its phases can he thorough
~ considered and dealt with under lie
peculiar environment OF each state
and community. Accurate information
as TO WarehousinG facilities should he
gathered for your local use and fur
nished TO your Senators and Represen-
tatiNcs in Congress q the earliest mo-
ment.
-; Is our mature Judgment that the
iessl possible amount of cotton should
o. PUT on the market during the next
sixty days. for it is our belief that the
combined strength of the Federal gov
eminent and state and local agencies
couplcd with the inherent courage OF
uns southern people. will make il pos
s;bie for the cotton crop to he mar
keted without sacrifice"
GERMANS ARE EXPELLED
FtOM DOMINION or CANADA
NANCOUNER. Il. c., August 7.-Im-
,SInia,i2n was received here to-day
III Donlini0n order In council has