The log cabin Democrat., 1920-09-08
URGENT COTTON
 MEETING CALLED
PLAN TO FINANCE CROP
To be Considered at Important Gath ering to be Held in Washington
 on September 15.


 terday by B. c. Powell, of Little Rock, vice-president of the American Cot ton Association, for Washington, D. C., Wednesday forenoon, Sept. 15.
 This conference was recommended by the recent session of the American Cotton Association at Montgomery, and Vice-President Powell was direct ed to arrange for it. The members of the conference committee have been called to meet in the new Willard ho- tel on Tuesday evening, preceding the conference, to be held with the board of directores of the federal reserve banks. W. P. c. Harding of the fed eral reserve board has assured the association that he will do every thing in his power to provide a means of financing the cotton crop of the south. Just what this method may be must be developed at this confer ence.
 The committee, which has been call ed to meet the federal reserve board next Wednesday consists of J. S.. Wannamaker, president of the Amer ican Cotton Association; the presi- dent and chairman of the agricultu- ral committees of the various states bankers associations in the cotton states; the presidents of the state di- visions of the American Cotton Asso- citation: and nine members at large representive cotton growers as fol- lows: Governor R. l. Manning, of Columbia, s. C., Senator J. A. Brown of Chadburn, N. C., J. A. Moss of Tignoll, Ga., c. w. Hardy of Shreve- port, La, Walter Clark of Clarksdale, ,, Miss, Col. J. A. Thompson of Cor sicana, Texas, R. E. L. Wilson of Will son, Ark, Col. Lem Banks of Mem- phis, Tenn, and Col. J. o. Thompson of Birmingham, Ala.
 Arkansas will be represented by J. R. Alexander, president of the state division, c. S. Fitzpatrick, president of the Arkansas Bankers Associa- tion, E. J. Bodman, chairman of the agricultural committee and R. E. L. Wilson.
 Urgent requests have been sent to all members of the committee to meet in Washington Tuesday evening without fail.
 Unless all interested business men of the south, bankers, farmers and professional men, are willing to CO., operate in the formation of an organ ized and detailed policy for the hand ling of cotton, we may face a dupli- | cation of our 1914 experience" said Mir. Powell. "The conference in following so soon after the Montgomery convention, is one of the most important ever called in the interests of the cotton grower. It is ' that plans be made for financing the big cotton crop which now seems probable, at not less than the actual cost of production, plus a fair and reasonable profit. It will be ,alamitous if the downward tendency is permitted to continue and the grow er be forced to sell his product below he actual cost of production. Never before has the big business men of he country rallied so strongly to the support of the cotton grower. They realize that unless the farmer pros oers, no other business can prosper"
 N. B. Carver, structural engineer of many years experience, has been employed as consulting engineer of the Arkansas division and has collated and tabulated data regarding all phases of the construction and cost of all types of individual and con- munity cotton warehouses which is available for the information of any person or organization that may be in the question of the prop CT warehousing of the cotton crop to | enable the growers to hold it off the market until such time as they are able to secure a reasonable price for it. Already the requests are beingl received by the Arkansas division from Louisiana, Mississippi, Georgia, Texas and scores of points in Arkan- sas for the plans and specifications for these warehouses.
 One type of warehouse which has been developed by MT. Carver and which promises to become popular is an emergency warehouse that can be built on short notice and at low cost, insuring protection from weather and comparatively low insurance rate, making possible the most liberal fi- nancial assistance that bankers will be able to offer on cotton that is being held Such warehouse has been de- signed which can be built on the basis of Little Rock material and labor costs at about $1, 300, with a maximum capacity of 1000 bales. If larger storage space is required other units may be built at intervals of 100 feet apart. The materials to be used may be obtained from stock on hand in almost any community in Arkansas or other cotton states. The type has been approved by the Arkansas Fire