The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-11-30
AN EXPERT
URGES COTTON
RESERVE PLAN
AND PLEADS WITH GROWERS TO
PROVIDE IN YEARS OF PLENTY
FOR BAD ONES SURE TO COME
EXCESS OF COTTON.

London.-In the course of letter
to the press, of which a copy was
| forwarded to the European bureau
of the Monitor, Sir Charles Macara
deals with the proposal for a cotton
reserve which he has so strongly ad-
yocated.
In 1907, Sir Charles mentions he
led an international delegation rep
resenting the cotton spinners of the
world which took part in a confer
ence with the American cotton grow
ers held in Atlanta, Ga.
1t was at this conference he launch
ed the idea of creating a cotton re-
serve in years of plenty to prevent
disaster in the year of scarcity. Call
ing attention at that conference to
the immense development of the cot
ton trade of the United States,
which had arisen during the pre-
yious forty years from under 5,OOO,-
600 bales to over three times that
quantity. Sir Charles Macara said:
Efforts Of Development.
Great efforts have been made dur
ing recent years to develop cotton
growing in the colonies and depen-
denotes of European nations, and
many enthusiastic yipws are eX-
pressed with regard to the progress
that will be made in these new coun-
tries. Although am OF the opinion
that the experience of America in
the early years of the cotton grow
ing industry, will probably be repeat
ed and that the progress will be slow,
there is little doubt that any attempt
on the part of the American growers
to maintain prices at an abnormally
high level will have the effect of
giving an increased stimulus to-
those efforts and progress may con-
sequently be much more rapid than
under normal conditions.
what is equally important, how
ever, in the interests of the cotton
industry as q whole is that prices
of raw material should not be re-
duced to level which will not
adequately remunerate the growers.
We shall certainly have, as in the
past. bad seasons alternating with
good but as cotton, unlike most other
agricultural products, can be stored
for years without deterioration, 1t
would surely be wise and prudent in
times of over abundance to establish
a reserve for years of partial failure
which would also have a steadying
effect on prices.
Magnitude Of Interests.
Il should like it emphasized Sir
Charles Macara continued, that tax
ing into consideration the magnitude
of interests involved, the risks toI
which the cotton plant is exposed and
the prospect of the continued devel-
opment of the worlds cotton indus
try. We should be foolish indeed If
we did not take energetic measures
to increase our supply of the raw
material. to broaden the basis of that
supply and likewise give adequate
attention to the establishment of a !
reserve in years of abundance as an
insurance against years of partial
failure. and to the saving which this |
entails. | quite appreciate the great
difficulties which surround the crea-
tion Of a reserve, but when difficult
ties are resolutely faced it is wonder
full how they can be overcome"
1T will be seen" Sir Charles Ma
cara continues in his letter, that
what | now advocate is simply the
carving out of what | thus strongly
urged seven years ago, the advanta-
res of which have been seriously
discussed at Various international
congresses which have since been
held | estimate that this year, in
of the war, at least one
hird of the worlds cotton crop is in
excess of the requirements of the
rade."- Christian Science Monitor.