Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-10-19
RESOLUTION ASKING
HOUSTON DISMISSAL
TO CO To PRESIDENT
Cotton Conference Asks VIII
son to Remove Secretary
of Treasury for Alleged
Hostility to Farmers

| A copy of the resolution request
ing President Wilson to remove Da-
vid F. Houston from the office Of
secretary Of the treasury, which was
adopted Saturday by the Georgia d.
vision of the American Cotton as
ISOLATION, will be sent at once to the
White House, and the reply Of the
president will be awaited with keen
interest.
In the course Of the discussion Of
the resolution, several speakers
called attention to the fact that
a request by Governor Kapper, of
Kansas, for President Wilson to in
vestigate the wheat situation was
Immediately granted with an imme-
date rise in the price of wheat.
They contrasted this immediate con-
sideration of Governor Kapper's re-
quest, presented to the White House
on Friday, with the failure OF
delegation Of farmers representing
all farm organizations Of the country
to obtain an interview with the pres
ident earlier in the week.
1t was plain from the speeches of
all speakers at the meeting that
Secretary Houston is held more to
blame for the curtailment of farm
credits and the heavy decline in the
price of cotton and other farm prod
ucts than are the members Of the
federal reserve board. There was
expressed by numerous speakers the
most severe criticisf of Secretary
Houston, but there was practically
no criticism of Governor Harding
or his colleagues of the federal
reserve board. The feeling OF most
of the cotton leaders Of Georgia is
that Governor Harding is the friend
Of the cotton grower and would be
Of service to them in this crisis If
his way was not blocked by Secre-
tary Houston.
The meeting closed at 1890 Sat-
urday afternoon, following the adop-
ton of the resolution requesting
Secretary Houston's removal, and
other resolutions. Two sessions
were held on Friday and one on Sat-
urday. The attendance was the best
| since the Georgia division of the,
| American association was formed,
Upwards of two hundred representa-
tive farmers, merchants, bankers,
editors and others, from nearly ev-
cry section of the state, attended the
meeting.
other RESOLUTIONS
Numerous other resolutions were
adopted by the association at the
Saturday morning session, the prin-
cipal one of these being a resolution
touching the main points of the cot
ton situation. The recommendations
contained therein were as follows:
THAT the lawless burning of
| gins and posting of notices should
be stopped at once by the farmers
2-That the suspended war finance
corporation should be revived to aid
in opening central European markets
for cotton.
3-That the federal reserve board,
In Washington, should at once make
clear that it's term orderly market
ing" does not mean the sale Of farm
products below production cost; and
should inform member banks that
farmers paper secured by cotton
warehouse receipts will be re-dis-
counted freely without curtailment,
and should establish a flat interest
rate Of five per cent on farm paper
secured by bonded cotton warehouse
| receipts.
4.-That should the board fail or
refuse to take these steps, then cot
ton growers should tender to mer.
chants, to pay bills, their promissor!
notes secured by warehouse receipts
and should under no circumstances
| sell cotton for less than cost of@prp
duction.
5-That next years crop should
be cut SO per cent: If cost of pro-
duction is not obtained for this years
crop, no cotton should be raised next
year at all.
Cooperative Marketing
The meeting adopted a resolution
urging the continued construction of
local warehouses and the develop
ment of cooperative marketing of
cotton in lots of not less than 100
| bales.
| Also
| A resolution indorsing the expert
| corporation now being organized; the
| Georgia Cotton Bank now being or
| ganized; the formation Of co-opera-
tive pools to sell low-grade cotton
abroad. This resolution directed the
president of the Georgia division, r.
| w. Mattox, to appoint committee of
| five good men in each congress sional
| district to push forward subscrip-
| tions to the capital stock of the ex-
| port corporation.
resolution thanking the Georgia
| Cotton Manufacturers association
| for supporting the growers in their
| holding movement, and for offering
| growers the use of their warehouses
to store cotton with cash advances
| rected President Mattox to inVesti-
gate this offer in detail.
A resolution requesting farmers
who apply for bank loans on cot
| ton warehouse collateral and fail to
obtain same, to report the facts ar
once to the director of the state bu-
reau of markets.
A resolution directing that copies
| of the resolution requesting the re-
moval of Secretary Houston from the
cabinet be sent at once to each state
| division Of the American Cotton as
ISOLATION, to the president of the
| % farm organizations who met last
week in Washington, with request
for similar action by their organiza-
tions, and to the senators and con-
gressmen from Georgia.
King Alexander, Bitten
By Monkey, Suffers
NIL o.