The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-19
NJ ADOO URGES CUT
IN COTTON ACREAGE
Secretary Issues Statement
Bearing on Operation of
Wade Fund.
EXPECTS AID OF BANKERS

WASHINGTON, Nov 1s--An argument Tor
the diversincation Of crops in the South,
with n reduction OF cotton acreage, Is
made by Secretary of the Treasury Nc
Adoo to-day in n statement bearing on the
operation Of the Wade cotton fund
The secretary points on, that the bank
ers and merchants of the South who deal
directly with the cotton farmers can exert
an important influence in favor or re-
duced cotton acreage. and II evidently IL
his purpose that the prestige OF the per
sons responsible for tho administration
OF the Wade pool shall be exerted In
the same direction.
Secretary McAdoo said to-day:
THE cotton loan fund will be under the
SUPERVISION of central committee com
posed OF W. q. McAdoo, J. 5. Williams,
| e. $. Iamlin, l.. \. Delano. w =. q.
Harding. p. VI. warburg and \. c. Miller
Another committee. to be called the
cotton loan committee. will have charge
OF the active work. This will consist OF
W. Z. c. Harding. chairman i. NJ. War
burg, A. ii. Wiggin. New York j. =.
Alexander, New York J. II. Forgan. Chi
tfdBOs FtSNuS W. u's 80 'S'S''' <@N''
L. Rue, Philadelphia. and William A.
Castor, Boston.
THE plan gives the cotton loan con-
lmIttoe power TO appoint committees IN
, each of the cotton producing states OF
| Alabama, Arkansas. Florida. Georgia
Louisiana, Mississippi, North Carolina
Oklahoma. South Carolina. Texas and
Tennessee to assist IL in carrying ON the
practical work.
| while the creation OF Ia" cotton loan
fund and its use under the plan VII
have a far reaching effect and beneficial
Influence on the cotton and business stu
ATTIC n nevertheless the attention OF the
South should not be drawn away from
the other pressing and important problem
| with which II must inteiligently and enec-
lively deal. namely. material reduction
OF cotton acreage In 1915 and the raising
OF food products on large part OF th'
acreage heretofore devoted 10 cotton.
Not only will crop diversihcat'on hell
the prosperity of the South but the mere
assurance OF "A large decrease ia the cotton
crop next year VIII Immediately enhance
the value OF the present crop. The food
products which the South can advan
tageously raise on part OF the cotton
acreage will find "A ready market nj profit
able prices, even II the South itself cannot
bDsOID A4ltlH WIN EA'1NNi CIV '''"N' NA"'
by buying such supplies from ne!shbo.!ul
States.
IF the war In Europe - pro:ractot
| the densa nj for foodstuffs Will grow II
| Volume ana intensity and must bc sup
piled In large part by this country. Thu
southern farmer, therefor, has an un
usual opportunity now fur changing ex
listing methods and habits with certain
profit and permanent benefit Ia himself.
THE recently expressed views OF tn
| Secretary OF Agriculture on this subJsc
| should be read by every s1rmer in tn
South The Department OF Agriculture
will gladly give information 70 III
farmers OF the South about the bees
means and methods ~ crop diversified
ton suitable TO the cond!t ons of each 10
cality.
The bankers also have an eXceptiona
opportunity 10 aid In this commendabl
work They can in large measure In
f,uence the character OF crops by i'm
posing proper conditions on the al
vances they may make 10 the farmers
Where the bankers are not deal M
directly with the farmers the merchan
who supplies the necessary credits ca
exert the necessary influence.
TN farmers OF the South ought u
wake up 20 the importance "f crop Ill
versiAcat!ou There never h"tpr" Was
time when they could wake up vita sue
certain profit 10 themselves a. no"
l earnestly hope the farmers, the banker
and the merchants in the South will ca
operate with each Other for the purpos
OF materially reducing the cotton crop j
1915 and causing a crop liberalization.
Not only should the Southern forme
plant food crops. hu. he IAN rails" eatu
and poultry with gret. heurni {" h'm~v
and the country e, large. ~" cannot d
: this however. unless he reduces cotto'
. | a.,r...p,. and rtl.,s food EUpfil.