The herald and news. [volume] (Newberry S.C.) 1903-1937, 1919-03-18

6 COTTON RALLY
IN COLUMBIA APRIL 3rd.
To Be Held in Hall of House of Rep
Observation-Disclosures Dates Extend
ed.-Telegram From Brand Con-
carning misunderstanding on Old
Contract Liquidation.
The following has been received by
The News and Courier from the South
Carolina Association for publication:
Columbia, March 13.-At meeting
OF the central committee of the South
Carolina Cotton Association today 1t
Rwas unanimously decided to adopt the
course pursued by the various States
in the cotton belt and hold a man.
moth public rally meeting in the hall
of the House of Representatives on
Thursday, April 8, at 12 o'clock noon,
at which time there will be addresses
by some of the leading experts and
speakers on cotton in the country.
This public meeting will last from Il
o'clock to 2 o'clock. From to /
: O'clock IN the afternoon there will be
a special meeting of the committee
men for the purpose of receiving and
tabulating final reports. At this meet
4 ing. will be discussed not only the
work already touched by the assoc.a-
ton, but plans for permanently
/. changing the handling Of cotton 1t
lis realized not only from one end OF
the belt to the other, but by leading
( friends of the South in the great bust
ness centers of the world that it is
absolutely necessary to form plans
for establishing and stabilizing a
price for cotton, it being the consen-
sus of opinion that maximum price,
probably 33 1-3 per cent above the
cost of production, should be set On
cotton each season.
Cotton Belt Conference.
At the meeting April 3 twelve dele !.
gates will be elected for the purpose
OF representing South Carolina at
some central point where each State
will be represented by like number
of delegates. The purpose of this GEN.
trail meeting will be to not only re-
ceive reports Of the work done in
each State in the cotton belt, but i'll
addition to discuss and formulate
na1aQs for proper financing and bank
and stabiliizng the price Of cot
throughout the belt, also plans
he exporting and marketing CT
Time Extended.
!, The committee at it's meeting today
! extended the time for the taking Of
pledges until April l. Special follow
ND committees will be urged in each
county to give special report up to
May Is, giving names of all pledge
signers who fail to live absolutely Up
to their pledges.
Letters of a confidential nature from
men of great wealth in the north re
ceived careful attention of members
of the committee. 1t is the firm con-
yietion of the men from whom these
letters were received that the car-
paign now in operation throughout
the cotton belt is bound to result sue
cessfully for the South.
Seme misunderstanding.
At the meeting of the central. COM
mittee of the South Carolina Cotton
Association today. the following tele-
gram received from Charles j. Brand,
was received:
S*South Carolina Cotton Association.
Columbia, S. C.:-Information from
various sources, including kilograms.
~sletters and press items, indicates mis-
understanding regarding ruling con-
cerning liquidation Of old contracts.
Our Interpretation of law is as fol-
, lows: Fulfllment of old style con-
tracts in accordance with other writ
ten terms, namely by actual delivery
or receipt of cotton or by set off Or
ring out or by cash settlement N
the future month in which they ma
tllre is not prevented by the recent
amendment to Cotton Futures Act.
Ruling referred to in above mention
ed sources of information relates tc
3 the liuuidation of existing old style