Le MeschaceÌbeÌ. [volume] ([Lucy] La.) 1853-1942, 1919-10-25
COTTON CONFERENCE
REAL ORGANIZATION
Next Meeting in England
Officers Elected and
Resolutions Passed.

conference came into permanent or
ganization Thursday when a report
submitted by the committee on organ
ization was adopted. Sir A. Herbert
Dixon of Manchester, England, chair
man of the British delegation to the
conference, was elected president, and
the recommendation made that the
next conference be held in England
in 1921.
Other officers were elected as fol-
lows:
General secretary, Rufus r. Wilson,
Boston; assistant secretary, Frank Ma
smith, England; treasurer for Euro
pean members, Sir James Hope Simp-
son; for the United States, w. Irving
Bullard, Boston; vice presidents for
the United States, Fuller E. Galloway,
La Grange, Ga; England, Edward B.
Orme and John Smithers; France,
George Badern; Belgium, Count Jean
de Hemptinne; Switzerland, Herman
Bushler; Italy, Giorgio Mylius.
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 100000
bales of cotton was adopted. 1t was
pointed out that the government had
authorized the extension of $1,000,000
of credit to finance exports through
the agency of the War Finance Corpo-
ration, and the committee recommend,
ed the purchase of foreign securities
| against debentures which would be is
| sued and sold in this country III order
to get away from short term banking
! credits and stabilize rate of exchange
Recommendation Of the growers
embodied In fourteen points, were
voted against in the general committee
! because of the objection of certain
groups to several Of the points. It was
agreed fully, however, that the rules
! be suspended and that points in the
| growers recommendations not previ
ously killed at the general committee
meeting be voted on. AS result al
| points in growers recommendations
were adopted except those condemnins
| the sale of cotton on call, faVoFine
| gin compression, condemning gamb
! ling in cotton and other necessities
recommending that tare should con
| sist only of the actual weight of the
bagging and ties of the bale. and urg
| ing closer cooperation between the
grower and spinner.
Foreign spinners objected to the
condemning of the sale of cotton or
call, declaring it was necessary thai
! they should be allowed to purchase
! their cotton in that way. The ginners
! group objected to the gin compression
recommendation Because gambling
was not defined the bankers grouI
voted against that feature Of the
recommendation, explaining that the
| futures market was a necessary par
of the cotton industry and that dealing
in cotton futures had often been class
ed as gambling.
The recommendations Of the grow
ers' committee which were unanimous
ly approved after suspension of the
rules follow:
"Diversification of crops urged
Country damaged recognized as an in
excusable economic loss.
Storage warehouses urged.
"Twelvemonth marketing system fol
farmers recommended.
Formation of the American Expor
Financing Corporation indorsed.
Tagging of each bale with the name
and address of grower urged.
Opposing price-fixing by govern
ment.
Opposing embargo and restriction
on cotton in times of peace.
Demanding price for cotton Gov
ering cost of production and allow I
fair profit"