Imperial Valley press., 1920-09-16
COTTON MEN ARE
PLEASED 0 Y { R
HARVEST. COSTS
NeUly Organized Cotton AssO.
citation Saves Them Much
Money in the Long Run They
BeLieUe; Credit Is GiUen.

"There is nation wide movement,
/ through the American Cotton assOcia-
ton, to keep the cotton producers
from being ruined by the "bear" ele-
w. S. Stevens. president of the Ari-
zona Americana Egyptian Co Ut on
Growers association, (the Arizona
California division of the American
Cotton Growers association) upon
his recent return from an extended
trip over the cotton belt. and attend
ance at the convention in Montgom-
cry.
"The cotton growers are going to
stick together continued Mr.. Stew
ems, "and by so doing will succeed in
getting a price for their cotton that
will COVE them fair and legitimate
profit.
Forty Cents Minimum
"At Montgomery were gathered, on
the first. second and third of Septem-
ber, more than a thousand men. rep
resenting the cotton growers of the
entire country, the merchants and
business interests, the bankers, and
the various divisions of the Federal
Reserve banking system in the South.
1.-The convention, after thorough
canvass of the situation, and full con-
sideration of the cost of production,
set a minimum price to be taken for
short cotton at 40 cents per pound up
to November 1st, with one cent per
pound per month to be added to that.
"The association strongly recon-
mends that the grower positively re-
fuse to accept less than this minimum
price for his short cotton.
"For our fine Pima long staple this
figure should be doubled, and no
grower should under any circum-
stances accept less than 80 cents per
pound for his cotton, and we do not
regard this as even beginning to ap-
proach it's value
Other Recommendations
"The convention further recon-
mended. that the cotton be marketed
in very orderly way, over period
OF from nine months to year, and
that at least % per cent of this years
crop be carried over into the next
fiscal year by the growers them
hands of SPECTATORS the big annual
carry-over they use to smash, the
opening market of the following year.
Gotten Seed
"The association recommends that
cotton seed be hauled home from the
gin. wherever practical to store it,
and hold for not less than $40 per ton.
It is worth that for fertilizer or feed
to the man who raised it.
Reduce Acreage
"The American Cotton association
recommends much larger acreage
of food and feed crops, to better en-
able the cotton grower to finance and
market his cotton. 1t is recommended
that the cotton acreage be reduced at
least 33 1-3 per cent. This reduction
should tend to further eliminate the
accumulation of a surplus in the hands
of SPECTATORS to be used to club down
the market the ensuing season.
Federal Reserve Help
"The heads of the Federal Reserve
banking system were present from
the Dallas, st. Louis, Atlanta and
Rishmond districts, as was Governor
w. p. g. Harding of the Federal Re-
serve from Washington. Federal Re-
serve officials promised the utmost
in the finascing of cotton
to the advantage of tht growers.
Arrangements were made for a
and representative group of cotton
men. business men, and bankers from
every section producing cotton, to go
to Washington September 18th to con-
fer with the entire Federal Reserve
Board in the matter of securing lib
eral credit for the cotton producer
throughout the belt.
Cotton Corporation
"a recommendation was adopted
that cotton corporation, with Il cap
ital stock of one million bales of low
grade cotton, be formed for the pur-
pose of disposing of our low grades
to the more impoverished European
A great deal of this type
of cotton is now being sold directly
by the growers themselves, at profit