Pine Bluff daily graphic., 1914-09-06

at the present time get any money to hold cotton. He said however, thai all tine money necessary for moving crops could be secured at any time.
 The point was raised that If some action was not taken by local merch- ants and bankers to care for the cot ton crop that the staple would have to be sold at the low price of 6 cents per pound. J. E. Boyce of the Cot ton Belt bank said that if this con- dition was allowed to exist, Jefferson county would be bankrupt ill less than six months. He urged that some action be taken promptly so that as much as $30 could be advanced on the staple and pledged the support of his bank in every way possible. Jo Nichol, cashier of the Simmons Ma tiona bank said that the farmers of his section need not be uneasy that the banks of this city will care for the situa ion as they have done in past fall in line with the remainder of the banks of the city and handle the situation as best they could.
 NaIOfgHnlZallOn AgH1n
 A resolution was offered by At torney J. w. Crawford urging con- gross to care for the cotton in the manner Brazil handled it's coffee prblem. The resolution would have congress take full charge of the crop and pay F cents per pound for It..
 Sam. Russell favored the reso- lutiOO did ionlIy ovoryopa the meeting, but said that he did not think congress would entertain any such measure because Secretary of the Treasury McAdoo has put himself on record as being opposed to the valOriZation scheme of handling cot ton.
 On motion of Mayor Simon Bloom the resolution was given to a com mittee of five, who will report on it at the next meeting and urge it's adoption or rejection. The committee is composed of J. w. Wilkins, of the Southern Grocery company, A. w. Nunn of the Hammett grocery com pany, C.. H. Sriplet, Fred Fox of Fox Bros Hardware company and At torney J. w. Crawford.
 The resolution follows:
 WHEREAS a great war is raging in Europe which involves many na- tions and has in a large measure de- stroyed, for the time berg, the foreign commerce of the United States and will doubtless also largely affect interstate commerce.; and WHEREAS because of the the war there will be little or no demand in the European market for the cotton crop of 1914, and
 WHEREAS under section s of article 1 of the constitution of the United States congress has the power to provide for the general welfare of the united States and to regulate commerce with foreign nations. and 1t is believed that this power is broad enough to meet the necessities of this momentus occasion and to authorize congress to take such steps as will save the people from great financial loss and ruin in the preses crisis; therefore, be it by this meeting
 RESOLVED: That our senators and representatives in congress be and they are hereby requested to introduce and urge the immediate passage of an act authorizing the secretary of the treasury, or such other agent of the United States as It may be deamed wise to appoint to enter lhto the market of this country where producers sell and purchase TOT the United States at the price of l2 cents per pound all middlins cot- ton and better grades offered on the market at that price, the total of all purcnases not to exceed five million
 A meeting of the iobbers of the city VIII be held Tuesday afternoon at the Hammett Grocery company and another meeting of the cotton factors Jobhers and bankers of the city will De held Saturday afternon at 3 o'clock at the Chamber of Commerce assembly hall.