Arizona republican., 1921-09-19

tically completed, and our organiza- ton should have this government aid available very shortly"
 Speculation Discouraged
 MT. Heard stated that the War Fi- nance Corporation relied Upon the as- sociation to handle its affairs along sound conservative business-like lines for the purpose of marketing the crop in an orderly way over a period of about ten months; that it thoroughly discouraged speculation, but hoped to be of genuine assistance to the farm CTS in making cooperative marketing a thorough practical business success.
 We have our problems of recon struction in America" said Mir. Heard, land they are serious, but they are small indeed compared to those of England and the continental coun- tries
 Throughout this country our peo- pie seem to be bucking up to the job ahead of them with courage and com mon sense Maximum unit production is steadily increasing, frozen credits are being relieved, trade is com mencing t. take on normal conditions and everywhere one finds abundant evidences of improving times.
 ''The people of this community have weathered the stormy times with ex- ceptional steadiness and real courage; increased cooperation is manifest and it is very evident to me that we are now well starte7 on the up grade"
 Statement on Presidency
 Tn conclusion. MT. Heard made the following frank statement as to the of the cotton growers as- sociation:
 ssWhen advised on July 15, while in London, that you had done me the honor of electing me president Of the association, I cabled back that in Justice to the association as well as to me could not accept, as felt some man far better equipped Tor the lob and who was on the ground was needed, and that even if on the ground my other duties would not allow me to give the time required. Finally, on the urgent cabled request of your executive committee, agreed to defer action until my return to America I then again urged the selection of some other man, but at ferred action until my return to Phoenix.
 Since conferring with your execu- tive committee and other friends af- ter my return last Thursday have reached, the conclusion that If l can help the cause of cooperative mar Keting in this district in developing along constructive lines, practical business-like lines. will act as your president for a short time, say 30 or 60 days, on the understanding can then retire to the ranks. I recognize that in justice to my other duties cannot give this work all the time it requires, but if you want me on this basis I will do my best in the of the association in spirit of cooperation with all other existing interests in the section.
 T recognize fully that there are many men here of far greater know ledge of the cotton trade than I pos- sess and I shall rely on the friendly and vigorous support of you all.
 .sThe factors that have induced me to reach this decision are the earnest and continued requests of your exec utive committee, my keen desire to help the cause of cooperative mar lxeting and the fact that MT. Eugene Meyer has indicated his approval of such action.
 "A great work has been begun by this association; may it be carried on in the best spirit or co-operation based on sound business admins tration."
 Given Vote of Thanks
 Following MT. Heard's remarks a vote of thanks and appreciation was unanimously rendered him, in the name of the board of directors of the Arizona Pinacotton Growers.
 After the meeting. in speaking to a Republican reporter. MT. Heard said:
 q want to take a decided issue with The Republican. On looking over the recent files of the paper l find an editorial commenting my ac- ton in returning from Europe to take part in the fight for a tariff on cotton, and on my efforts in obtain ing federal funds to aid the cotton growers of this district.
 T deserve no such special com mendation,- and feel that whatever work I have done in this direction has been but my simple duty. and that have been but one of number that have contributed to the good result"