The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-04-11
COTTON MEN FAVOR
ExP0R! CORPORATION
Movement Is Endorsed Mt Meeting In
Memphis to Form lIody and
Committee starts Work.
SENATOR OWEN is SPEAKER
Predicts Pence Soon When Ibolshc-
NiSm VIII Bc Ovcrcomc-Iirough
Takes Nnliop AZ GOV. Alien.

MEMPlS. Tenn, April 10 Tho
governor OF tho federal reserve
board. for tho organization OF u cot
ton export corporation % bo car.
itdhZed at S5O,OOu,OOO was indOrrrd
and "A committee with fun powers
to act was selected 20 drlf plane FOR
It's formation at the conference here
today OF planters and bankers from
virtually AL Of tho cotton growing
states This committee, which ho
San its work Immediately after ad
Journment OF the conference. was
instructed to notify GOV H. q. rloas
ant OF LOUISIANA, chairman Of tho
Conve nton, who also heads the com
mittec when its work M completed
50 he can call another conference to
act on It's program for organization
OF the corporation.
1t WAS originally understood tho
committee would report at the 70.
duction conference to be held at New
Orleans. but 1t was decided 10 re
Ccive tho report ~ another meeting
to bo called for that purpose In or
der not to confuse the two move
ments
Harding and Owen Aid.
Mr.. Harding and senator Robert
L. owen OF Oklahomn, who ad
dreered tho conference at the morn
ing session on the export corporation
proposal, remained IN Memphis un-
I'll late tonight tn assist the commit
teo In it's preliminary work
Mr.. Harding. at tho afternoon scs
hon. read "A telegram from the coun-
sol OF tho federal trade commission
giving his opinion that tho plan as
previously outlined to him by the
reserve board head would violate no
law. j. S, Wannnmaker, president
OF tho South Carolina Cotton asso-
citation, then read "A telegram from
Governor Allen OF kansns attacking
the legality OF the cotton reduction
movement and OF tho plan for or
ganizaton OF an export corporation,
Governor BrouRh OF Arkansas. In
brief address. indorsed the project
and scored what he termed IAN at
tempt by tho governor of nnothS
state 10 wave the bloody shirt"
1T behooves tho governor OF n
state. tho price OF whose wheat has
been fixed by tho United States gov
ernment at S2.26 n bushel, which will
no paid partly by tho consumers OF
the south, 30 criticize the south for
n movement which In not only In the
interests OF Its own salvation, but In
tho interests OF the entire country"
Goycrspr Brough said.
Harding for Corporation.
Mr.. Harding In his addrcss, after
explaining his proposal IN detail de-
clared the export corporation should |
not be considered an emergency
measure but should be organized
with tho intention OF becoming II
permanent institution for the bon
eft for tho three basic factors In
tho cotton industry--thc producer.
buyer and banker-and should have
sufficient capitalization 20 he i'm
pressed throughout the world. he
said tho corporation should own
ships and that its stock should 1c
exchanged for Liberty bonds TO poo |
pie In the south only
Senator owen declared that "proh-
ably within another week peace will |
be declared" and urged orgunlza
ton of tho corporation. among other |
reasons. 10 hclp restore normal con |
diuons throughout the world, and |
thereby wipe out bolshevism.
When Europe goes back TO nor |
NAL basis. declared the senator, who |
recently returned TO tho United |
States after studying the foreign n |
nanctal and commercial situation,
and the masses are actively en- |
ployed in productive labor. boishe- |
vtcm will pass away,
Senator Kenneth II. McKcllar OF
Tennc1see In his welcoming ad-
dress. urged revival of the export
en- barge and with several OF the
other speakers, ablishment OF an
American merchant marine.