The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-10-17
ELECTED
HEAD OF WORLDS
COTTON COMBINE
Big New Orleans Meeting
Closes After Permanent
Organization Is Formed.
Next Session in England.

~ 80 ~ fNhA@ I
cotton conference came into permanent
organization late yesterday when a re-
port submitted by the committee on
organization was adopted. Sir 4. Herr
pert Dixon, or Manchester, England,
chairman Of the British delegation TO
the conference, was elected president
ana the recommendation was made that
me next conference be held in England
in 1921. /
Other officers elected we're:
General secretary, Rufus K. Wilson,I
Boston; assistant secretary, Frank
Nasmith, England; treasurer for Euro
pean members, Sir James Hope Simp-
SON for the United States, W. Irving
Bullard, Boston, Vice-presfdents: for
the United states, Fuller =. Galloway,
LaGrange, Ga. England, Edward B.
Orme and John Smithers; France,
George Baderu; Belgium. Count Jean de
Hemptinne; Switzerland, Herman Buh-
Ter; Italy, Georgia Myths.
The recommendation by American
members Of the group on financing,
foreign credits and exports that con-
gress place at the disposal Of the war
finance corporation. sufficient funds to
permit the corporation to finance the
expectation Of at least one million bales
of cotton was adopted. 1t was pointed
out that the government had author
lied the extension of 81 1000, 600, 900 OF
credit to finance exports through the
agency of the war finance corporation
dAu IL ItcpUlIItIueu tHe puICildSt VI
foreign securities against debentures
which would be issued and sold in this
country in order to get away from short
term banking credits IND stabilize the
rate Of exchange,
Resolutions Killed.
Recommendations of the growers, en-
bodying II points, were voted against
in the general committee because of
the objection Of certain groups to sew
eral Of the points. 1t was agreed final
ly, however, that the rules be suspended
and that points in the growers recon-
mendation 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 com
preston, condeming gambling In cotton
and other necessities, recommending
that tare should consist only of the
actual weight of the bagging and ties
Of the bale and urging closer co-opera-
tiOn between 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
cotton in that way. The ginners' group
objected to the gin compression recon-
not defined the bankers group voted
against that feature of the recon-
mendation, explaining that the futures
market was a necessary part of the cot
ton industry and that dealing in cotton
futures had often been classed as
gambling.
The recommendations of the growers
committee, which were unanimously
approved after a suspension of the rules
follow:
Dlversification Of crops urged.
Country damage recognized as an IN
excusable economic loss,
Storage warehouses urged.
Twelve month marketing system for
farmers recommended, !.
Formation of the American Export
Financing corporation indorsed.
Tagging of each bale with the name
and address of grower urged.
Opposing price fixing by government,
Opposing embargo and restrictions on
cotton in times OF peace,
Demanding a cost for cotton covering
cost Of production n allowing fair
profit.
Rumor big Bolt"
1t was after an agreement was reach
ed to suspend the rules that a number
Of British delegates left the hall. The
| report that the delegates from England
had "bolted' the conference was circu-
, lated among the delegates, but was
later disproved when DR., John A. Todd,
Of London, explained that only about
SIN OF lne % Utltkhltb Idd Pll lliU liuli
! and that they went out to confer on a
matter pertaining to a resolution.
A recommendation by the growers
t that all revenue taxes be removed frog
cotton seed oil products and markets
enlarged was rejected by, the confer
ence, an adverse vote having been
/ recorded by the textile manufacturers
who announced they feared cotton
would be raised more for seed than
1 staple under conditions urged In the
s. recommendation,
a Six farewell banquets were had to-
, night simultaneously, speakers being
4 chosen from among growers, middle
1 men and %spinners. Gov, Frank o. Low
: den, of Illinois, principal speaker at the
main banquet, urged that means DC
n taken to check B~olshevism in the Unit
. Fed States, asserting that its spread af-
. fected every phase of BUSINESS, includ'
ing cotton growing and manufacture.
II pr, John A. Todd, Of London, TX
: planned the efforts being made by this
4 British empire to stimulate ~increaset
cotton production in Egypt, India
Nigeria, and Mesopotamia.
Governors Dorsey, of Georgia; Btck'
cit, OF North Carolina; Btlbo, of Mis-
= sIssinpi. and Pleasant, of Louisiana
= speakers at the banquets, each ON
phaslzed the need of cooperation De
tween the grower and manufacturer.
8 owing to the early departure of spe
e cial trains and the late assembling o
y guests at the %banquets the program
Z we're changed and plans to have gov
: ernors of cotton growing states act a.
toastmasters we're not put into effect,