Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1920-12-15
Meeting of Cotton Association
in Columbia.

Meeting or Cotton ASSOCIATION
in Columbia.
Columbia, Dec. 13.-Expressions
of optimism for the future of the
cotton industry in the South and ur-
gent appeals for the farmers to have
faith in the banking and economic
strength of the country with CO.
operation by acreage reduction on
their own part were heard and Of
fcers reelected at the annual meet
ing of the South Carolina division
of the American Cotton association
at Craven hall yesterday. Governor
Cooper and Walter B. Brown, editor
of the New York Commercial, were
the principal speakers.
Present conditions were brought
out and the belief that they would be-
gin to improve with the coming of
the new year were expressed by both
speakers. Things are now at the bot
tom in textile industries but can not
continue to stay there as the mate
rial will be needed in the near future,
was the sentiment of the meeting.
Officers were reelected for the COM
ing year and a resolution asking j.
Skottowe Wannamaker to reconsider
his intention to resign as president of
the American Cotton association was
unanimously adopted with other res
olutions and reports of committee.
In short address Mr.. Wannamaker
said that he appreciated the honor
but did not say what his action would
be.
With the resolution to reduce cot
ton acreage one-half and proportion
ately increase foodstuffs went sup
Elementary paper for farmers to ac-
cept tenants rents half in cotton and
half in other products such as wheat
and corn.
Conditions at Bottom.
wv. B. Brown, editor of the New
York Commercial, wade the leading
address of the occasion. He heartily
indorsed the export corporation. and
said the sentiment in the North was
one of sympathy with this movement.
At the outset of his speech he told of
the present let down in the demand
for cotton which he explained by the
fact that the consumer has gone on
strike and the entire textile industry
has let up. Cotton has gone too low,
and has reached the nearest possible
proximity to a dead standstill, he
said. H esaid consumers would soon
have to be buying and early next year
cotton would be needed for the con-
sumer and fall apparel and the price
would have to ascend anew.
Governor Cooper urged the farmer
to have "a spirit of optimism in ad-
verse conditions and faith in the
economic strength of the country, as
other places are in much worse straits
than the South and are still optimis-
tic.
Adopt Resolutions.
Resolutions were adopted author
izing the president to obtain a con-
ference with Governor Cooper and
urge him to declare "Cotton Acre
age Reduction Day" for the first
Monday in January; requesting the
president to telegraph each member
of the senate and house committee
on agriculture urging federal legis-
lation, including revival of the war
finance corporation preferential in
terest rates on agricultural paper by
federal reserve banks as it granted
commercial paper, renewal of loans
on farm paper rediscount of house
receipts, use of the alien war agri-
cultural paper and that the commit
teemen use their best efforts for the
revival of industry; appreciation of
the services of Charles H. Barron,
and B. F. Mcleod; Endorsement of
the cooperative marketing associa-
tions; to request the general assem-
bly, to pass laws which will be pre-
serted in proper form providing for
amendments to the state warehouse
act, giving to the state warehouse
board power to negotiate loans, to
give occupation to the state ware
house board to organization and op-
Grafton of emergency cotton bond
ing companies; adoption of national
cotton standard grades, and to Gre
ate and simplify local cooperative
marketing associations; the appoint
merit of delegates to the next annual
meeting of the national association in
Dallas, Texas, February, and the in
dorsement of emergency cotton bond
ing companies.
MI, c &c uy,hIassn