The Birmingham age-herald., 1915-12-08
SOUTHERN BANKERS
 PLEDGE SUPPORT FOR DEVELOPMENT
To Assist Farmers in Mar keting and Financing
 Cotton Crop
JOE HIRSCH IS
 MADE CHAIRMAN
Conference Urges Adoption by the Southern States of Measures Look ing Toward Uniformity of
 Cotton Transactions

Cotton Transactions
 New Orleans, December 7.-Definite plans designed to aid in the advance ment of the south's agricultural, com mercial and other interests, were pro- noted by the conference of the cot ton states bankers at it's closing ses- sion here today in the adoption of reso- lutions pledging support to various movements and suggestions which were discussed at the two days meeting. Among other things, the bankers, prom ised to assist the farmers in market ing and financing their 1916 and fu- ture cotton crops and in promoting a selling season extending over the en- tire year instead of few months
 In addition to the pledges contained in the resolutions, presidents of state bankers associations in brief addresses gave further promises of assistance by their organizations in carrying out the plans outlined
 The conference urged adoption by the cotton states of measure looking toward uniformity in cotton transac- tions, including financing, warehous- ing and marketing; advocated cam paign for increased warehouse facili- ties, approved the movement for safe farming" or the raising by each farm CT of sufficient food and feed crops to supply his f8rm, advised the adop- tion by bankers and business men of a farm rate sheet, or schedule of the plans of the farmer when applying for credit; advocated encouragement of state and federal agencies working to establish scientific and economic meth ods on farms and promised aid in-solv- ing the problems of preventing waste in the baling, handling and transport ing of cotton from the gin to the mill.
 PERMANENT ORGANIZATION
 Permanent organization of the con- ference was effected by adoption of a constitution and bylaws at the after noon session and the election of per manent officers for the organization. The conference adjourned tonight to meet in December, 1916, at some city to be selected later by the executive committee.
 Joe Hirsch of Corpus Christi, Tex, was elected chairman of the confer ence and Moorehead Wright of Little Rock was chosen secretary. Both served in the same positions last year in the temporary organization Other officers elected were:
 State Vice Chairmen--Alabama, Tom o. Smith of Birmingham; Arkansas, George w. Rogers of Little Rock; Geor- gia, John H. Reynolds of Rome; Louis Jana, Andrew Querbes of Shreveport; Mississippi, Thad Hampton of Jackson; Tennessee, Dwight M. Armstrong of Memphis; Texas, D. c. Dunn of Hous- ton. The conference authorized the chairman and the president of the Oklahoma State Bankers association to select Oklahoma's vice chairman.
 DELEGATES DEPART
 Most of the delegates departed for their homes tonight.
 The resolutions declared the confer ence disclaimed any intention to stim- ulate speculation but stated it's pur- pose was to promote agricultural wei fare by the aid of safe banking.
 Attention was directed to the pres ent strong condition of southern banks" which, it was declared, "are amply able and entirely willing to as- sist southern farmers in marketing the remainder of the 1915 crop" provided it is properly stored and insured to of fer a basis of acceptable credit. Other resolutions adopted follows.
 I've recommend that each state bankers association in the south inn mediately organize warehouse com mittee to develop additional warehouse facilities so the crop of 1916 and future crops may be stored and insured as soon as ginned. We pledge ourselves. with the cooperation of farmers to use the utmost of our resources In promoting a selling ssdson of IF months, and thereby secure for our producers the legitimate price to which they are entitled, but which they can secure only by warehousing and grad- ua1 marketing.
 WAREHOUSE PLAN
 That the conference appoint central committee on uniform cotton warehouse laws to consult producers and buyers so that there may be offered for adoption by all the cotton states measure which will result in uniformity of cotton trans actions financing and marketing.
 That all experience proves that one crop farming is unsafe both from the standpoint of prosperity and from the standpoint of banking credit. The pass ing year forcibly demonstrated in the south that a system Of farming which makes the raising of sufficient food and feed the first concern. is safe farming. : We invite the producers to CO., operate with us in making safe farm ing the basis of safe banking credit We urge the bankers and farmers to con- sider the plan recommended by the de- partment of agriculture for using farm CTS rate sheet showing his assets and productive methods similar to the rate sheets and statements furnished by mer- chants so that safe farming may receive financial ac,ain Fncdations at rates and terms as faN teple af liI-e furnished to commerce al inlussrS.
 That the titAkef@ celilnit ee of the several stat ioto eM7te win state, fed eral and O ar 5s'3 aaized q encies for rural bettel is' sp tisn Se sntific and economic IT aa2d iaa ne efeouraged on the farm.
 The Texa st m q G-ae Gs warehous- ing. gradif tise Qafkei cotton un- der state uperEisiofi fhi commended for considt atfon and etpt ation by other states.
 Prtsideat's Appoint alents
 Washing or, neeembeF 1.-The Pres ident sen ee ult senate osiay for con firmation 6 lst of seNet hundred, ap- pointmen duriIis ing ukess 0f Con gress. se ttSt aas hef--Q Py Secre- tary Lal siE.