The Dawson news. (Dawson, Ga.) 1889-current, 1921-09-06
RETREAT OF COTTON
CHECKED; IS GOING UP
PERMANENT IMPROVEMENT
IN THE MARKET rs A FORE
GONE CONCLUSION.
A SPECIAL STUDY BEEN MADE
Congressman Summers of Texas Says
Wax Finance Corporation Has
Funds to Enable the Growers to
Market This Years Crop Gradually.

Funds to Enable the Growers to
Market This Years Crop Gradually.
| ATLANTA, Ga.-That the retreat
of cotton has been definitely checked,
that the present strong position Of cot
ton is not a temporary but perma-
nent position in which cotton will
grow stronger, and that the War Fl
nance Corporation has the power, the
funds and the definite intention to en-
able the growers to market this years
crop gradually and take full advantage
of improving trade conditions were
statements made here today by Con-
gresham Hatton w, Summers, mem
Der of the national house from the Dali
las, Texas, district.
Congressman Summers was appoint
ed member of the joint commission
to make study of agricultural condi-
tons, starting several months ago.
The commission was composed of FIVE
members of the house and five mem
bers of the senate. Congressman Sum-
mers was appointed chairman of the
sub committee on cotton, his associates
on that committee being Senator Har-
riSon of Mississippi, and Senator Rob-
inson, of Arkansas. The commission
conducted an exhaustive investigation
into agricultural conditions throughout
the entire country, and the sub-com-
mittee on cotton made a special study
of cotton.
The act recently passed appropriat-
ing one billion dollars to the War FL
nance Corporation to be used as a re-
volving fund to aid in the gradual
marketing of agricultural products and
live stock was largely brought about
by the recommendations of the COM
mission on agricultural inquiry. The
commissions report on conditions at
fecting not only cotton but other agri-
cultural products and live stock, and
the condition of the nations industries
in consequences of agricultural condi-
tons, had great deal to do with
shaping the policy of congress.
Represents Big District.
Congressman Summers represents
one of the largest districts in the south.
He is member of the judiciary CONF
mittee of the house, is an experienced
and influential leader and has made
particular study of cotton.
Necessity for gradual marketing OF
cotton was particularly stressed.
Whether we derive the full benefits
of this legislation enacted for the re-
lief OF our great staple crop" said he,
will depend in large measure upon
whether the crop is gradually market
ed The local bank that closes down
on cotton producers, thereby forcing
cotton out of its community faster than
it should go, will defeat to that ex-
tent the success of the program"
Congressman Summers is in At
lanta to confer with officials of the
Federal Reserve Bank of the Sixth
district, and with bankers. He came
to Atlanta several months ago when
the congressional inquiry into agricul-
tural conditions was inaugurated and,
interviewed bankers and business men
here and in many parts of Georgia as.
we'll as adjoining states.
Retreat of Cotton Stopped.
The retreat of cotton has BEEN
stopped" said Congressman Summers
The market in the past few days has
made a stand with strong resistance
against the forces of depression. Its
position will not grow weaker"