The Mena weekly star. (Mena, Ark.) 1904-1977, 1920-11-25
URGE Is LESS
COTTON ACREAGE
Arkansas Bankers Association Would
Have Farmers Plant Food and Food
Crops-Take Full Quota in Eff
fort to Finance South.

Little Rock. Nov. 17.-At largely
attended special meeting Of the Ar
Kansas Bankers Association held here
yesterday, important action was tax
ca with relation to the agricultural
conditions of the state. The associa-
ton went ON record in support of:
The finance corporation being or
ganized in the south under the pro-
visions of the Edge bill with a capi-
snl stock of $6,000,00 to promote the
marketing Of the South's crops.
The plans and detectives of the Ar
kansas Division Of the American Cot
s0n Association, which is being or
ganized in every county of the state.
"a 1-3 reduction in the cotton
zcreage of the state. the land thus re-
based from cotton to be planted in
fond and feed crops The greatest
fiacBssion arose over the question of
CROP reduction. Nathan Adams, a
Dallas, Tex, banker and president of
the Texas Division made one of the
strongest talks Of the meeting and in
sisted that the bankers of the south
must demand reduction in cotton
acreage III the desired results are to
he obtained After a thoro discussion
OF the subject, the following resolu-
fi0us, presented by w. A. Hicks of
Little Rock, was unanimously
adopted:
~Fse it resolved that we recommend
the reduction Of the cotton acreage in
tAar state of Arkansas for the year
1921. 33bsd, planting the reduction
20 food and feed crops, and intensified
farming on the entire acreage and that
shr officials Of the association endeav-
or to obtain pledges from all members
to assist in their communities to bring
about this condition.
The resolution adopted on the sub
iect Of the Cotton Association fol-
lows:
sThat we endorse the efforts that
have been put forth by the officers Of
tire American Division of the Ameri-
can Cotton Association in their desire
to organize the cotton farmers Of Ar
kansas for their mutual protection and
profit We especially commend to
your serious attention the propaganda
Of statewide program to secure
federal bonded warehouses and bonded
graders and staplers, as being econ
emiicafIy sound and calculated to work
cut for the direct advantage of the
producer
There was a number of addresses on
ttse subject of the finance corporation
and the project was endorsed enthus-
EastfcaIly by every one present. A
large number of subscriptions to the
stock was taken amounting to almost
the entire quota of $500 900 assigned
10 Arkansas These subscriptions
wcre made with the understanding
that they should not be binding unless
tire total subscription received by the
organization committee should aggre-
gate at least 100000 by December
10, upon which date the subscription
Aooks are to be closed.
M0orhead Wright of Little Rock is
the chairman of the State Campaign
Committee for Arkansas. In the reso-
Iutions adopted by the association.
commencing the organization of this
corporation, the following statements
are made:
-We have concluded that there is
urgent necessity for the immediate
formation of this corporation and
that our communities will be benefited
greatly thereby and in our opinion
stock IN the company represents a
highly desirable and safe investment
We believe the corporation of this
company will stimulate foreign mar
kets for southern products and make
marked advance toward financial
self reliance on the part of the south
We recommend and urge that each
bnnk in this state subscribe a mini
n,um of the 3es of its capital and
surplus 70 the capital stock of the
Federal international Banking Com
parry and suggest the stock as a desir-
able Investment to their customers
whose business would be benefited bv
tiae organization of the company"