The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1921-09-17
REDUCE
TIE COTTON
ACREAGE
Meeting Of Farmers
Held in Columbia
Recomends Plant
ing Only IA Of
Land in Cotton

Columbia, Sept. 33.-At a meet
ing Of the South Carolina Division
of the American Cotton Association
held Friday at Craven Hall, reso-
hutton were adopted as follows:
Urging a reduction of the re-
discount interest rates of Federal
Reseys banks to 8 1-2 per cent on
bonds and per cent on agricnl-
tnraI and commercial paper:
Fayorlng the increase Of the
membership of the Federal Reserve
Board to twelve members and a
change IN the personnel Of the
members. The resolutions also
favors the creation of an advisory
board of twelve members and urges
agricultural finance for American
farmers. The resolutions ask that
average length OF loans TO growers
be made from six TO twelve months
ana to cattle raisers Of the West
three years; asks reduced freight
rates declaring them to be imper-
a1ive in the economic transporta-
ton Of raw products; asks federal
legislation for economic reforms in
baling OF American cotton; urges
creation OF a board Of awards and
establishing a hall of service in the
Agricultural Department Of the
United States; faVors appointment
sof a federal commission to enlarge
foreign trade for cotton and other
staple agricultural products: asks
appointment of scientific re-
search commission for combating
The boil weeyil: endorses revival
OF the War Finance Corporation:
favors acreage reduction Of cotton;
urges slow marketing cotton.
The convention went unanimous
~ on record as fsavoring the plant
ing of only one-fourta of the cul-
<tlsated lands Of the cotton growing
states in cotton. 80.
Announcement was made that a
referendum vote taken by the
american Cotton Association
throughout the belt on q. number;
81 plans submitted to the farmers
for next season had resulteds in a
s4xemend ajority for the plan
sof planting only one-fonrth OF the
cultivated land in cotton next
year.
President j. scottoEe Wanna
maker, ef the American Gotten AS
sociation, presented some statistics
compiled by his organization. He.
said that an investigasiosa sof the
amount of untenderable, or lowest
grade, cotton spinnable cotton in
the stacks Of cotton held in the
warehouses and at compresses in
sfhis country by the United States
census bureau showed that it was
"a per cent Of the whole. An in
vestigation by the crop reporting
bureau of non-tenderable grades,
including snaps and boIlies, held
en farms from the 1870 crop
showed that they amounted to 1875
per cent Of the total.
BASED on these statistics said
Mr. Wannamaker, atheEactual sup
plies of tenderable cotton in the
country for the next twelve months
can be ascertained with fair de-
gree of accuracy.
.sThe total estimated carry-over
on August /, 1921. was 6,4s9, 10S
bales; in warehouses, compresses,
etc, 4,S41,459 bales, less q per
cent untenderable. 1,161, ,686 bales;
on farms and elsewhere, 1.55S.749
less Is per cent uEtenderable, 223,-
9SI bales. This made the net ten
derable carry-over on August l..
last 5,113,491 bales. Total esti-
mated available supply II. .145, ,401;
estimated domestic consumption
lands exports for twelve months end
in Aug. i. 1922, is 12,0e0,09e bales,
leaving forecast Of a net available
surplus on August I. 1922, of 49,
{ 1872 bales"
United States Senator Ellison d.
smith addressed the convention
briefly.