Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1919-10-17
Growers Spinners' Confer
ence Feature of Meeting.
ShackeIford'S Speech Is
Great Hit
BY ROGERS WINTER
rhe Journals STAR Correspondent.l


(The Journals STAFF Correspondent
NEW ORLEANS, La, Oct. 16.-
That the great world cotton confer
ence now approaching the close Of
| it's deliberations in this city is to
| be continued as a permanent org l.
| ization with annual meetings IN the
future was assured today by the ac-
| ceptance of the report Of the c. M
mittee appointed to draft a consti-
tuition and bylaws looking to that
end. For the past two days the men,
berS of the committee have been in
consultation with one another dur
ing practically every moment of their
leisure time, and last night they fin
ished their draft of the constitution
and bylaws to be presented to the
conference as the basis for forming
Ia permanent organization.
Their report provides that the
world cotton conference shall be
made 'rmanent for the mutual BEN
eft of the various groups of the cot
ton dustry represented here at the
NeI rs conference, that the con-
ference shall be composed of mem
bership by groups instead of by in
dtvidual memberships, that action
she' be taken by a vote Of the groups
comprising the conference, that no
resolution shall be adopted or pro-
gram outlined unless by unanimous
vote of all eleven groups.
1t is further provided that the next
ting Of the world cotton err
ence sholl be held in England in
1921. The committee would have
recommended that the next con,
ference be held in 1920. but
the members of the British dele
| cation were not quite certain that
conditions in their country would be
sufficiently settled within a wear to
permit the entertainment Of a great
world gathering.
Whether the 1921 conference shall
be held in Liverpool, London, Man
chester, or some other city is a ques-
ton to be determined later. It is
! possible that the British spinners
Will feel themselves prepared to en-
terrain the conference in 1920, in
which eve% a meeting will be called.
Groups in Conference
The eleven groups composing the
present conference are the same that
will compose the membership of the
| permanent conference. These eleven
are as follows:
1-growers; 2-ginners; 3-seed
crushers and manufacturers Of seed
products; 4-compressmen and ware
housemen; 5-cotton merchants; O.
transportation and insurance; z
banking; 8-government and econom-
les; 9-American spinners and man.
ufacturers; 10-European spinners
and manufacturers; 11-textile mer-
chants, converters and fnishers.
AS will be seen from reading this
list, the eleven groups composing the
conference include everybody who
plays a part in the production Of
cotton from the field to the delivery
Of the finished product to the ulti-
| mate consumer.
What Spinners Want
The clearest statement of the
spinners' side of the case was pre-
sented by E. D. Orme, of Liverpool,
who said:
Cost Of production of cotton is a
variable quantity from year to year.
Cost of production of manufactured
| goods is a variable quantity from
year to year. So far as the spinners
are concerned they do not want to
buy your cotton at less than the cost
OF production plus a satisfactory
profit. I might go further and say
it makes very little difference what
price they pay for cotton, so long
as all spinners are able to buy at a
practical parity. In other words, so
long as the prices paid by all spin
ners are the same, it makes but
little difference what. price they pay.
My advice, therefore. to you gentle
men Of the south, is to perfect the
strongest organization possible to
make arrangements for financing
your cotton and holding it in ware
houses, to fix your prices according
to production costs plus a reasonable
profit, and then to put it away and
let us have it as we need it. That
is the way for you to eliminate this
gambling business you speak of 50
much. All of us are gamblers in
the future market for our protection.
Put your cotton in your warehouses,
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