The weekly Iberian. (New Iberia, La.) 1894-1946, 1919-10-25
COTTON CONFERENCE
REAL ORGANIZATION
Next Meeting in England
Officers Elected and
Resolutions Passed.

New Orleans. lathe world cotton
conference came into permanent or
.ganization Thursday when a report
submitted by the committee on organ
| t2atiou was adopted. Sir A. Herbert
Dixon of Manchester. England. chair
man of the British delegation to the
conference. was elected president. aud
the accommodation made that the
next conference be held in England
in 1921.
other Officers were elected as fol
lows:
General secretary, Rufus II. Wilson.
Boston. assistant secretary. Frank Ma
smith, England. treasurer for Euro
pean members. Sir James Hope Smp-
son; for the United States. w Irving
Billiard. Boston. vice presidents for
the United States. Fuller r.. Galloway
La Grange, Ga. England Edward b.
George Badern; Belgium. Count Jean
de lIemptinne: Switzerland. Herman
Bushler. Italy. Giorgio Mylius.
The recommendation by American
members Of the group on financing
foreign credits and exports that con
gross place at the disposal of the War
Finance Corporation sufficient funds
to permit the corporation to finance
the expectation of at least 1000, 900
bales of cotton was adopted. II was
pointed out that the government had
authorized the extension of 81 100000
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 DO Is
sued and sold in this country In order
to get away from short term banking
credits and stabilize rate of exchange.
Recommendations 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 recommendation not previ-
ously killed at the general committee
meeting be voted on. As result all
points in growers recommendation
were adopted except those condemning
the sale of cotton on call, favoring
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 on
call, declaring It was necessary that
they should be allowed to purchase
their cotton In that way, The ginners'
group objected to the gin compression
Because gambling"
was not defined the bankers group
voted against that feature Of the |
explaining that tho |
futures market was necessary part |
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.
damaged recognized as an in
excusable economic loss.
Storage warehouses urged.
"Twelvemonth marketing system for
farmers recommended
Formation of the American Export
Corporation indorsed.
Tagging of each bale with the name
and address Of grower urged.
Opposing price-fixing by govern
ment.
Opposing embargo and restrictions
on cotton in times OF peaoe.
Demanding price for cotton Gov
ering cost of production and allow q
fair profit"