Evening star., 1914-09-30
President to Consider Pro-
posed Emergency Currency
by State Banks.
PLAN MEETS OPPOSITION
OF TREASURY SECRETARY
Problem Which Is Faced by Plant
ers Discussed by Representatives
Of the South.

President Wilson today promised a
delegation from the cotton conference
which met here yesterday to take up
with the Treasury Department a re-
quest that state banks in the south be
allowed to issue emergency currency
under the Aldrich-vreeland act with
out paying a 10 per cent tax. Up to
the present Secretary McAdoo has op-
posed the amendment introduced in
the Senate by Senator Smith OF Geor-
gia to carry out this plan. but the
President agreed to see what his OBJ
jections were.
Senator Robinson and Representa-
tives Hardwick and Lever told the
President that the situation facing the
cotton growers Of the south was very
serious.
The President declared that he rea-
lized the seriousness of the situation
in the south and would do everything
in his power to afford relief.
Discussion Of Crop Curtailment.
The cotton conference, which
was composed of governors of
cotton growing states. their rep
resentatives and members of Con-
gress from the south, adjourned
yesterday afternoon after two-day
session. without taking any definite
steps looking to the curtailment of the
cotton crop next year, in order to meet
the situation brought about by the
war in Europe. number of resolu-
tions were adopted, however, recon-
mending the curtailment of the acre
agile planted in cotton next year and
recommending action by Congress to
aid the cotton producers and pledging
the governors and members of Con-
gress to do all in their power to main
tain the price of cotton above 10 cents
a pound.
The Resolutions Adopted.
The resolutions adopted by the con-
ference were:
"It Is the sense of this conference
that the acreage Of cotton to be cul-
tivated in the United States in 1915
shall be materially reduced. That to
accomplish this end every legitimate
means shall be employed.
That the members of this conference
shall make every possible enort 70
secure federal legislation which will
enable the producers of cotton to OBJ
tain loans of public funds deposited
In the banks, at a reasonable rate OF
interest to be fixed by the government,
upon such part of the present crop and
under such conditions as may be pre-
scribed by law and by the rules and
regulations lawfully made by -
Treasury Department.
1T Is the sense Of this meeting Snat
there be esta ablished by joint resolution
in the House of Representatives ana
the Senate of the United States a com
mission looking to the extension OF the
consumption and marketing OF cotton
goods, and that Senator Hoke Smith
prepare such resolution.
"It is the sense Of this conference
that the House Of Representatives
should pass the Senate bill allow
rw .Ir=x a~cr
currency under the provision OF the
bill as amended.
without paying the 10 per cent tax.
Aim to Restrict Acreage.
THE governors of, senators and rep
resentatives in Congress from the cot
ton growing states will most earnestly
endeavor to maintain the price OF cot
ton above 10 cents a pound. and to ac-
complish this end we will bring to
bear, as far as we can. the power Of
the national and state governments to
restrict acreage for the year 1915. and
furnish governmental aid to handle the
present crop.
This conference requests prompt ac-
tion upon the warehouse bill now pend
ing in the House of Representatives.
"A committee of three should be ap-
pointed to call upon the Attorney Cen
before him. and to request such action
as the facts justify
The committeeman named were Rep
resentatives Hughes, Georgia. and
Lever. South Carolina. and Senator T.
B. Smith of South Carolina. Repre-
sentatives Hardwick and Lever and
Senator Joseph T. Robinson We're APP
pointed to submit the resolutions to
the President.
Gov. Luther E. Hall of Louisiana and
Gov. John Marshall Slaton of Georgia,
both of whom attended the conference,
are first cousins They had never met,
however. until they came to Washing
ton to the cotton conference.
Investigating Alleged Combine.
Senator Hoke Smith and Representa-
tive Lever. members Of the committee
appointed by the cotton conference, to-
day consulted G. c. Todd, assistant to
the Attorney General in charge of
trust prosecutions. about the alleged
combination which is depressing prices
of cotton seed. The department al
ready has begun an investigation, and
Mr.. Todd promised to make 1t as thor
ough as possible.
THREE JUDGES TO PASS
ON THE COTTON ESSAYS