Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-04-12
COTTON EXPORTERS
PLAN CONFERE:NCE
HERE THIS MONT

NEW ORLEANS, La, April 10
Cotton exporters of the south will
meet In Atlanta, the latter part Of
this month, at the call of the Fed
eral international Banking company,
for the purpose Of organizing cor
poration for the buying and selling of
cotton under the powers granted by
the Webb-Pomerene act.
This announcement was made here
Of the Federal Reserve bank, at At
lanta, after Mr.. Wellborn and bank
ers from all over the south, meeting
with the directors of the Federal
International Banl1in company and
Eugene Meyer, managing director of
the war finance corporation, and
Dwight F. Davis. one of the directors
Of the war finance corporation, de-
cided that they did not have enough
data to proceed on calling a meeting
Of the exporters.
All Of the discussions by the bank
ers were behind closed doors. News
papermen were barred.
Rudolph s. Hecht, president of the
Hibernia Bank and Trust Co., who,
with Mr.. Wellborn, made the an
nouncement on behalf Of the assem-
bled bankers, said that it had been
determined that the Federal Interna-
tional Banking company would pro-
coed at once to collect certain nee
essary data and statistics. and that
as soon as they obtained this infor-
nation, they would call meeting of
the cotton exporters Of the south,
which meeting will be held in At
lanta the latter part Of this month.
Mr.. Meyer promised to attend the
Atlanta conference for the purpose
of further discussing the possibili-
ties Of cooperation of the war f.
nance corporation with the members
of the conference, and the directors
lanta, the New Orleans branch, as
we'll as the directors Of this Federal
International Banking company.
The Atlanta conference, according
to tonight's statement, promises to
bring some definite results in the
way of constructive program for re-
lieving the cotton situation through
substantial financial assistance on
the part of the war finance corpora
ton.
Meyers Address
Mr.. Meyer addressed the meeting
and pointed out how the best results
for the south would be accomplished
by the proper spirit of cooperation
among the cotton exporters and the
bankers, acting in conjunction with
the Federal International Banking
Roth MeSSTS Never and
Dwight gave the meeting here today
their assurances that any practical
plan of cooperation devised by the
bankers and the exporters would
meet with the heartiest cooperation
of the war finance corporation.
Mr.. Wellborn reported that the
members Of the board, and his re-
marks were supplemented by those
of several directors of the Federal
International Banking company, had
just returned from Washington and
that several cabinet members were
interested in the plan to solve the
cotton situation. The Atlanta Fed
eral bank men present were NJ B.
Wellborn, governor; j. A. McCord
chairman E. T. Brown, Washington;
w. H. Hartford, Nashville, Tenn.
w. H. Kettig, Birmingham; P. R.
ton, jackson. Miss; J. A. McCrary,
Decatur, Ga; J. K. -Ottley, Atlanta.
and Leon C. Simon, New Orleans.
New Orleans branch-P. Fl. Saun-
ders, chairman; Marcus Walker, man
ager; r. S. Hecht, Leon C. Simon, j.
E. Bouden, Jr., all of New Orleans
A. P. Bush, Mobile; L. B. Lithcap,
Jackson, Miss, and and T. W. Foote.
Hattiesburg, Miss.
Directors Federal International
Banking company on hand were
Oscar Wells, Birmingham; Moorhead
Fright, Little Rock; Arthur F. Per-
~, Jacksonville; Mills B. Lane, Sa-
vannah, Ca; j. K. Ottley, Atlanta
John E. Bouden, Jr, Fl. J. Dreher,
T. J. Caldwell, r. S. Hecht, A. S.
Kains, l.. M. Pool. all New Orleans;
S. J. High, Tupelo, Miss; ]. Pope
Matthews, Columbia, S. c.; r. Brink
ley Snowden, Memphis; Nathan
Adams, Dallas, Texas; F. M. Law,
Houston, Texas.