Pine Bluff daily graphic., 1919-10-15
MOULD CURTA|L STATES POWER
 OVER CARRIERS
Arkansas Favors Higher Cotton Tariff if Better Freight
 Service is Assured.
MAINTAINING PARTY
 IS PRINCIPAL OBJECT
Growers Charge Buyers With Short Weights; Buyers Allege Grow CTS Leave Bales Out to
 Absorb Moisture.

New Orleans, Oct. 14.-General fixing of the blame for damage to cotton and the necessity of better warehousing for the product from the farmer to the consumer were topics brought out emphatically on the second day of the world cotton con- ference here with a spirited debate at times developing between the grow CTS and the buyers.
 A. T. Calvin of Houston, Texas. said that the Country damage" an, nually would build sufficient ware houses for protection of the crop in the south. It reached $6O,OOO,OOO, he said.
 Governor Bickett of North Carolina. said everybody was to blame for the damage and denounced the leaving of cotton in the rain as "a deliberate economic crime"
 w. G. Turner, of Little Rock, scored the railroads for damage to cotton in transit.
 Following the charge from growers that the buyers resorted to short weighing, counter charge was hurled on the floor of growers delib- erately leaving baled cotton in the rain to absorb moisture and gain weight.
 Col. w. B. Thompson of New Or leans, defended the growers and de- clared it would be impossible to in- crease acreage unless fair price was guaranteed.
 Spinners, factors and ginners also were blamed for the damage and the English delegation asserted that the United States bales are blunders in wrapping and compressing and cause heavy loss in shipping.
 Rate Parity Sought.
 The highest type of warehouse re- ceipt obtainable is that of the great public cotton warehouse at New Orleans, according to J. Howard Ard rey, vice president of the National Bank of Commerce, New York.
 The nearer the approach of other warehouses to those of New Orleans in responsibility, integrity and the proper care of commodities. in that degree will their receipts will be ac- ccepted in the open money markets of the world" said the speaker. "The cotton warehouse receipts of New Orleans are obligations of the state of Louisiana. "The best instrumentality for draw ing to cotton stored in the South is minimum rates of open market credit In bankers acceptances secured by warehouse receipts securing and con- vveying title to the cotton as provided for in the federal reserve act.
 "A warehouse receipt for staple commodity in storage is the only document except government bonds on which national bank may lend without limit to any one borrower All other forms of credit are limited by law to 10 per cent of the banks capital and surplus to any one bor- rower. An acceptable warehouse re- celpt should come from responsible warehouse assuring cotton against damage and depreciation, while in storage and carrying unquestioned title to the commodity
 speaking on the subject of trans portatlon of cotton. Turner of Little Rock, urged that the state control of interstate common carriers cease. He tadvocaed a department of transporta- !lon and federal government and an increase in the power of the inter- state commerce commission.
 . Country Damage Heavy.
 Rates on cotton" said MT. Turner, are high, but I believe that out atti- tode toward rates should be to favor higher rather than lower rates just so the parity is maintained. We be- l!eve that our charges for transporta- tlon should all be expressed in one through rate and that this should be nlgn enough to make our cotton traf- TIC the most attractive of all commo- dltles to the carriers and they then snould yield us service consistent Mwlth the charge. There is no doubt pot that freight rates should be nlener it We are to get the high char acter of service necessary to the economic conduct of our business" % Ihe plan of having governors of cotton growing states preside at general sessions was abandoned by Inose in charge of program ararnge- ihnents. Instead the governors will ne toastmasters at the series of ban t euets to be held as the concluding ieatures of the conference.