The Birmingham age-herald., 1914-11-22

resolutions. Aours very respectfully,
 A. F. WALKER. Superintendent of Banks The full text of the resolutions of the bankers convention of Alabama are as follows:
 RESOLUTION NO. l. We recommend that the agricultural committee of the Alabama Bankers asso- ciation. as soon as possible. appoint a chairman for each county in this state. with authority to organize the bankers. the business men and the farmers, for the purpose Of securing a reduction of cotton acreage in their respective local ities.
 We further recommend that these coun- ty organizations make systematic and in- telligent effort to bring about a diversi- heation of crops, and the substitution of food products of all kinds for reduced cotton acreage.
 That these county committees be in structed to establish associations or bu- reaus in each county, which will under take to find for the producer ready mar ket at prevailing prices, for all crops raised
 That these county committees be in structed to study the economic and finan- cial problems of the farmers in their re- spective counties. and give them expert advice and assistance along these lines.
 That these county committees be re- quested to continue as permanent organ lzations until crop diversification becomes fixed and established In Alabama. RESOLUTION NO. 2.
 We heartily approve and recommend the plan originated by Festus J. Wade of St. Louis and his associates and in- dorsed by the federal reserve board. This plan will make available as needed s1O0,- 0Oo,00o from non-producing cotton states for handling the surplus cotton crop of the south, and will, in our opinion, great ly benefit the present situation, and re- move the menace now existing on &C., count of the estimated surplus cotton crop for 1914.
 We, therefore, recommend that the banks of this state make every effort to secure for Alabama her full share of this fund
 RESOLUTION NO. g.
 Whereas, The banks of the state are vftally concerned in the welfare of her agricultural interests, and
 Whereas They earnestly desire to ad- vance the progress and growth of the state along the line of agricultural pur- suits, and stand ready to assist and encourage the farmers of the state in every way consistent with sound business methods, and ... 7
 Whereas, By reason of the war in Eu- rope, conditioas have arisen that render the usual production of cotton. Taz- ardous and perhaps ruinous undertak- ing. and
 Whereas, It is essential that che cot ton acreage of the south be greatly re- duced for the year 1915, to meet these unusual condition, and
 Whereas, we believe it is our duty to use whatever influence we can command to bring about a decided reduction in cotton acreage in Alabama, for the year 1915, and so far as possible see to 1t that the production of cotton fin the en- tire south is greatly curtailed. and also that crops are diversified and food prod ucts and live stock raised, and
 Whereas. We hope that the banks of all the other cotton producing states will follow our example and agree to CO., operate in this movement, and
 Whereas, We believe that such action on the part of the other cotton grow ing states will not only effect the price of the present crop to a marked extent, but will remove the menace produced by the shadow of another bumper crop for 1915:
 banks of Alabama, in convention assem- bled at Montgomery on November IT, 1914, that we declare it to be our de- termination and fixed purpose to rem der to the farmer, the merchant and all others interested in the raising of cot ton a full measure of encouragement and financial assistance in normal times and under usual conditions, whenever we believe 1t to be consistent with sound banking; but believing as we do that the production of cotton for the year 1915, to any considerable extent will work still greater disaster on the south, we hereby give notice that we will not render financial aid or encouragement to anyone directly or indirectly Interested in the raising of cotton for the year 1915, unless such such person will enter into an agree ment to curtail the production and re- duce the acreage in cotton at least one- half of what it was for the year 1914, so applied that each county will re- duce at least 50 per cent
 Be it further resolved that we stand ready to do everything in our power to bring about an increase in the pres ent prices for cotton, which we declare to be far below it's actual value, and for this purpose we will lend our fi- nancial assistance, as far as our re- sources will permit.
 Be it further resolved that we will lend our hearty support to all efforts made in good faith to diversity crops in Alabama, and especially will we en- courage ana diu tiio Oh iSSN products for home consumption and Tor supplying markets at home and abroad.
 Be it further resolved that we earn estly urge our sister cotton states Tn the south to join in this movement to increase the present price Of cotton and reduce the production Of cotton TOT 1915, and we respectfully request that the Alabama Bankers association ana A E. Walker, superintendent of banks, take I'D this movement and endeavor to interest the banks in other cotton states to take concerted action on these important subjects.
 RESOLUTION NO.
 Resolved that whereas thip conven- tion was aptly called by tho Hon. A. E. Walker, superintendent Of panhs' for the general good, and'
 Whereas it is the sense of the com mittee on resolutions that the expense of reporting the convention should De horne by the state association Of banks,
 Re 1t resolved that we recommend that the executive committee or tnc Alabama Bankers convention approve voucher in payment of said services.
 RESOLUTION NO.
 Resolved that bankers here assembled express their appreciation of the serv- ices of Hon. A. E. Walker, superinten- dent of banks for the state of Alabama, in calling the convention, and for the rood work done by him in connection herewith. And tho thanks of the con- vention are hereby tendered to him.