The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 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 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 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 100000
bales of cotton was adopted. 1t was
pointed out that the government had
authorized the extension of 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 be 1s-
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. 1t was
agreed fully, however, that the rules
be suspended and that points in the
, growers recommendations not prev1-
i. ously killed at the general committee
a meeting be voted on. AS result all
Y points in growers recommendations
d were adopted except those condemning
: the sale of cotton on call, favoring
gin compression, condemning gamb-
l. ling in cotton and other necessities;
e recommending that tare should con-
# sist only of the actual weight of the
e bagging and ties of the bale, and urg
:. ing closer cooperation between the
T grower and spinner.
Is Foreign spinners objected to the
. condemning of the sale of cotton on
u 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
recommendation. Because gambling
e was not defined the bankers groul
voted against that feature of thu
recommendation, explaining that thu
J" futures market was necessary par
~ of the cotton industry and that dealing
> in cotton futures had often been class
=, ed as gambling.
The recommendation Of the grow
y ers' committee which were unanimous
ss " approved after suspension of tn
". rules follow:
IN "Diversification of crops urges
Country damaged recognized as an II
~ excusable economic loss.
r.. Storage warehouses urged.
tn "Twelvemonth marketing system 70
N. farmers recommended.
h. Formation of the American Expol
he Financing Corporation Endorsed.
mp Tagging Of each bale with the nam
rk and address of grower urged.
I'M Opposing price-fixing by govern
IN ment.
He Opposing embargo and restriction
I'M on cotton in times of peace.
Demanding price for cotton CO
tut ering cost of production and allow
ew fair profit"
H..