The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1918-08-11
PROTECTION ASKED
BY THE COTTON
MEN Of ARDMORE

At a representative meeting of
cotton producers, cotton buyers,
manufacturers of cotton seed prod
ucts, bankers and merchants of Ard
more and Carter County, with the
officers and directors of the Ard
more Chamber of Commerce held
in the Chamber of Commerce rooms
on Wednesday, August I, and at
which meeting Congressman Charles
ID. Carter was present and gave his
advice, a committee was appointed
and instructed to draft resolutions
concerning the attitude of business
men and cotton producers of this
district, as developed in the meet
ing, and to forward same to the
proper federal authorities and to the
secretary of the Oklahoma Bankers
Association.
The committee met immediately |
following adjournment of the meet
ing, with the following present:
George NJ. Henley, merchant, chair
man; F. c, Carr, DIN Wolverton,
N. Barney Feagin, banker; Walter
+. Lindsay, cotton seed products;
Max Westheimer and 7. f. Wilson
cotton buyers; Walter Colbert pro-
ducer, Carl Russell, county farm de
agent; Paul b. Smith,
secretary Ardmore Chamber Of
Commerce, acting as secretary.
FIha fn11n,vtnn rnen1,,tinnc |
adopted:
WHEREAS, The financial re-
of the cotton producing
,tates have been heavily drawn mp
N because of liberal participation
Il all war activities, particularly by
he purchase of Liberty Bonds and
Var Savings Stamps, to such an ex-
ent that their financial institutions
re unable to properly finance the
9lS cotton crop; also the cotton
armcrs OF the country have made
cry liberal pledges TO buy thrift
lamps, and unless they are pro-
ected in marketing their crop, they
ill be unable to make good these
lodges, and the general financial
tatus OF the cotton states will be
and
WHEREAS. The banks OF Ard
lore, which city ranks among the
reatest wagon cotton markets in
lie world, together with all banks
Carter county, have signified will
gness to lend their assistance to
le limit OF their ability to finance
lie cotton farmer by extending his
otes and making il possible for
IN to market his cotton gradually
iring three or four months; and
WHEREAS, The so-called New
rleans Resolution" makes a dis
notion between the four-million
lie surplus of low grade cotton
cumullted during many years past
d now in the hands OF spectators
Z the cotton now growing in the
Ids: and
WHEREAS, we believe il is the
sire OF the government TO protect
c business OF the country by pro-
ting the primary producers of
lple commodities. Therefore. be
RESOLVED, That we do not en-
rse in toto the New Orleans Re
luton" asking that minimum
ce be fixed for cotton, but that
ask the government to set in
,tion its financial machinery to
. end of providing means where
local banks--both members OF
, federal reserve and non-mem-
adequately finance the
ton producers, enabling them to
rket their crop gradually, to the
that general business conditions
y not be unduly disturbed, And.
it further
RESOLVED. That the Honor
c William G.. McAdoo. director
leral of railroads, is hereby re-
ctfully requested to rescind his
er TO discontinue through bills
iading on foreign cotton ship
nis.
submitted,
ieorge VI. Henly, n. Barney
Igin, Paul b. Smith, Committee.