The Little River news., 1920-12-11
COTTON ACREAGE WILL
 BE CUT 50 PER CENT
Memphis Meeting Agrees to Reduce Acreage and Save the Southern
 Farmers.

Memphis, Dec. 8.-A fifty per cent cut in cotton production in 1921 and reduction in the acreage planted in cotton to one-third that of the total area in cultivation, was agreed upon at the conference here today of southern bankers, merchants and farmers, and to make the plan effective. machinery was set in motion to restrict wherever necessary credits to individual farm CTS, merchants, factors or banks un- willing to agree to the acreage reduc- tion plans.
 The plan, embodied in the report of the acreage reduction committee, was adopted by practically unanimous vote of the conference late today. It includes the formation of an organiza- ton in every township in the cotton states to secure the support or the growers and their adherence to pledges of reduction.
 Organization work pledged by the bankers present will pebin imanediat- ely and under the provisions of the plan, will be practically completed by January IS next.
 The resolutions adopted by the con- ference call on the bankers and credit merchants in the cotton states "to use their utmost endeavor to bring about enforcement of cotton acreage re- dnction by refusing to advance any money to any one interested in farm ing of any kind who does not plant enough food and feed crops for their own use"
 Land owners are asked to share in whatever crops may be raised on his lands on a percentage basis and not require any fixed sum of money or pounds of cotton for rent.
 A system of bonded warehouses for cotton and 8 classification or cotton that will be ample to protect it from weather damage and make it safe l collateral on which to borrow money waa endorsed. z. .ArBystem of cooperative marketing of crops was favored and the work of the American Cotton Association in eff forts to stabilize the price of cotton, bring about reduction of acreage, improve marketing methods and in the educational campaign for diyersifica- ton of crops was approved. Long Credit to Foreign Trade. <. In addition to resolutions offered from the floor and adopted, the confer ,encei gave it's endorsement to "all safe, sound plans looking for the extension l.0f long credit to foreign customers of certain export .corporatins now in pro- gress of formation" and also to a bill Ito be introduced in congress which will provide for a government census of all untenderable cotton held Tn the united States.
 The acreage reduction plan, as of- tered by the committee of which Col John B. Thompson, New Orleans, was chairman, and composed of a banker, merchant and farmer from each of the cotton states, was adopted after a spirited debate. Some of the speak CTS stated they believed that the acre. age reduction provided for was too drastic and should be mace 50 per cent of the cultivation next year.
 The close of the debate, however, found only a few dissenting votes against it's adoption.
 The organization work in It's pre- liminary stages is left to the various state bankers associations. The pres idents of these associations are asked to appoint a state central committee of three bankers, who shall in turn appoint committee in each county consisting of four farmers, three mer chants and three bankers, which will have supervision of all work in that county and which shall arrange for organizing each township. The first prescribed for the township committee is to list all tillable lands and the owners and also to list the merchants of the community. Following this county mass meeting to be held at . date not later than January 15, at which every farmer is to pe called on to sign the acreage pledge is to be called.
 The merchants will also be asked to sign pledge not to furnish either money or supplies to those who are unwilling to comply with the reduc- tion agreemtnt.
 fte.3
 Names Deputy Sheriff.
 Sheriff Bob Pierce this week has em- ployed Bob Johnston. of this city, as his