The sun., 1919-10-17
COTTON GROWERS
GAIN NINE POINTS
Recommendations Passed by
World Conference by IMAM
imous Vote.
OFFICERS ARE NAMED
Congress Asked to Finance the
Expectation of at Least
Million Bales.
OFFICERS ARE NAMED

New ORLEANS, Oct. 16.-The world
cotton conference was made perma-
nent organization late to-day with adop-
ton of report submitted by the COM
Smittee on organization. Sir Herbert A.
Dixon of Manchester. England, chair
man of the British delegation to the
conference, was elected president and
the recommendation was made that the
next conference be held in England In
1921.
Other officers elected were general
secretary, Rufus e. Foster Boston, as
sistant secretary, Frank Nasmith, Eng
land treasurer for European members,
Sir James Hope Simpson: for the United
states, w. Irving Billiard, Boston; vice
presidents for the United States, Fuller
L. Galloway, La Grange, Ga. England
Edward b. Orme and John Smithers
France, George Badern Belgium. Count
Jean de Hemptinne Switzerland, Her
man Duhler Italy, Giorgio Mylius.
A recommendation by American mem
bers Of the group on financing foreign
credits and exports that Congress
place at the disposal of the War Finance
Corporation sufficient funds to permit
the corporation to finance the exporta-
| ton of at least one million bales of
cotton was adopted.
Recommendations of the growers, en-
| bodying fourteen points, at first were
voted down because of objection to
several of the points 1t was agreed
finally, however, that the rules be sus-
| pended and that points in the growers
| recommendation not previously killed
at the general committee meeting be
voted on. AS a result all points in the
| growers recommendation were adopted
| with the exception of those condemning
| the sale of cotton on call, favoring gin
| compression. condemning gambling in
cotton necessities. recommending that
\ tare should consist only of the actual
weight of the bagging and ties of the
bale and urging closer cooperation be-
tween the grower and spinner.
Foreign spinners objected to the con
| demnation of the sale of cotton on call
| declaring 1t was necessary that they
should be allowed to purchase their cot
ton in that way The ginners' grouI
objected to the gin compression recon-
| mendation because gambling was no
| defined. The bankers group votet
| against that feature of the recommends
ton. explaining that the futures marke
| was a necessary part of the cotton in
dustry and that dealing in cotton future
had often been classed as gambling.
The recommendations of the growers
committee which were unanimously ap
proved after suspension of the rules fol
low:
Diversiflcation of crops
| Recognition OF country damage as al
inexcusable economic loss.
| Increase of storage warehouses
Twelve more marketing systems 70
farmers.
Endorsement of the formation of tn
American Export Financing Corporation
Tagging of each bale with the nam
and address of grower.
Opposition to price fixing by Govern
ment.
Opposition to embargo and restriction
on cotton in times OF peace,
Demand that a price for cotton GOV
ering cost OF production and a fai
profit be allowed.
| recommendation by the growers tina
all revenue taxes be removed from cot
tonseed oil products and markets en-
larged was rejected by the conference.