The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-09-30

it became question Of bank credit
Something should be done toward TAX
ing care Of the cotton which had been
heretofore shipped abroad. This can
be done through the cooperation of
the banks.
This concluded the set speeches.
Chairman White called upon several Of
the members of the conference Tor
partinent remarks.
Among those who responded were
Messrs. John T. Branch, III. l.. Fer
guson, superintendent Of the Newport
News Shipbuilding company, and
Julian S. Carr.
President Reed, of the Chamber OF
Commerce. then stated that as the
greater number of the delegates wou!d
have to leave for home within rev
hours. there would be no session OF the
conference today.
1--WE nave heard several most inn
.nortant addresses" said Mr.. Reed,
land we have now reached the point
at which something must be done.
At this point Mr.. Carr presented
resolution. calling upon ther chalr 10
name a committee to consider the
proposition. and 10 report at future
meeting This resolution was unani-
mously adopted and a committee
named.
Last night the delegates were en-
tertained by the local committee at
dinner at the jefferson hotel.
Before adjournment resolution
was adopted, offered by Mr.. A. NJ. Car
rington, thanking the delegates ior
their attendance and their eiorts Ia
creating sentiment toward tue increase
of commercial relationship between
fut and the lAIIll~
American countries.
The following resolution was also
adopted:
Resolved, by the Southern business
men, assembled at the Trade EApaH-
sion conference, held at Richmond
Virginia, September 90, 30. l9la Ihat
they express to the Richmond Cham-
her of Commerce their most hearty
thanks and appreciation for their en-
terprise in calling the conference ana
for the cordial welcome and entertain
ment given TO all the visitors; be IL
also
Resolved, That the delegates desire
10 thank most heartily the newspapers
of Richmond for their aid In making
the conference a success
Morning Session.
At 1890 o'clock yesterday morning
the conference was called together by
L
of commerce. Rev. Dir. Russell Cecil
offered prayer, Mr.. Reed stated that
Governor stuart was out of the city.
and could not attend, He presented
Mayor Ainslie, who welcomed the dele
gates and handed them the keys or
the city.
On motion of ColemaG WORKMAN
President William III. White, or the
Richmond, Fredericksburg and Poto-
cslsF
manent chairman. and on motion OF w.
II. Laird. H. II. Richardson. acting.
director of commerce and industry de-
partment of the Southern Settlement
and Development Organization. OF Bai-
timere was selected as secretary
The response to Mayor Ainslies well
come was made by W. II Manss. or
Baltimore.
The first speaker was Jonn Lane
Beck, a rubber dealer, of baltimore.
who has travelled extensively in South
America. who said this industry could
be made more important by closer
commercial relationship with that
country.
Expansion OF the Cotton Industry
of the South" was the topic of
paper read by John S. Carr, OF Durham,
n c. He dwelt at some length upon
the cotton situation, and said the
present calamity concerning cotton
was really providentiai as II would
result in new business and CONNER
cial activity Problems to be solved.
according to Mr.. Carr, are transporta-
ton and banking facilities.
O. r. Austin. of the National City
bank. of New York city. spoke on the
opportunities presented. saying in part:
an sugar the present conditions
offer US wonderful opportunities. The
worlds production and consumption of
sugar have doubled since the begiH-
ming OF the present century and nearly
one-half OF the supply has come from
beets, most of them produced in the
countries now at war. Their crops.
now ready to be harvested. are being
trampled down by the armies. the fac
tories destroyed or closed and the men
who operate them drawn to the bat
tiefeld, AS n consequence a large
share Of that half of the worlds sugar
requirements. formerly supplied by
beets. Is now no longer available, and
we have now the long sought oppor-
tunity to enlarge our own beet and
cane sugar production, and aid in
meeting the deficiency which is sure
to exist as n result of these condi-
lions in the beet growing section OF the
world, which formerly supplied half
the worlds sugar. And II must he
remembered, too. that there is now
great profit in this industry since the
advance in price of sugar, and that as
a result we should be able to not only
greatly increase our production, but
do so at a profit to farmer and the
manufacturer.