The Birmingham age-herald., 1921-06-01
GOVERNMENT AID
 IS REQUESTED BY
 COTTON INTERESTS
Growers and Manufacturers Ask Federal Assistance in Rehabilitation of the
 Cotton Industry
Rx Assoniated Prea.

New York, May S1.-American cotton growers. manufacturers and affiliated interests at their national conference today called upon the federal govern ment to aid in the rehabilitation of the cotton industry.
 The government was urged in reso. lutions: Ag
 To authoriseI SS int more liber- al expansion sr z ts on farm loans
 To lower V sral reserve bank rediscount ry tout delay to a fig ure not in z If 5 per cent on the rediscounty o co I'm products and all
 TO inst z war finance corpora ton and n apartment of commerce up exp $: cotton and other Ameri- the $ ent and consumption O: such col- odities a s raridly as poss,- ble.
 Restrictions of credits and high ratc of rediscount charged on farm loans, the resolution said, had rendered 1t Impossible for farmers. to plant and cultivate normal cotton crop in 1921, and indications were that the cotton acreage would be the smallest planted in the last 25 years.
 Agriculture Suffering.
 The cotton growing industry and the entire agriculture of the nation" the resolutions added. "are suffering from unspeakable losses in price val ues and stagnated markets in America and restricted exports. Deflation in farm values, which was so unexpected ly precipitated upon the country in August, 1920, found the cotton grow CTS with their crops ready for harvec. and without power to protect theu.- selves from the debacle of constantly lowering prices. :
 The crop was produced at the peak of high cost and the growers found themselves facing bankruptcy values From an expectancy of $2,50o,o 00u for the cotton crop in July, 1920, when cultivation ceased, the growers of that crop sustained & loss of S1,500, ,000, ,000 no part of which was profit but repre- sented a net loss deducted from the actual cost of production"
 It is proposed to have governors of cotton growing states appoint com- mission to work out plan of co-op- eration in stabilizing cotton prices.
 Presidents Message Praised.
 President Harding.s message to tho convention pledging the cooperation of the administration in ,improvins conditions in the cotton industry was declared to be one of statesmanship and thorough Americanism and the delegates to, the world cotton confer +snce in England, were urged to present 1t nt that gathering. A message was sent to tho president thanking him for his interest in the industry.
 All departments of the industry wore asked to "co-operate along sound and conservative business lines for the speedy enactment of those economic and efficient reforms in the produc- ton, handling, marketing and distribu- ton of the cotton crop which arc so vital to the future success of tho in- dustry."
 The American delegates to the worii cotton conference,.to bc held in hver- pool and Manchester, from June IF 70 23, were instructed to urge the adop- tion of the United States standard Of cotton grades in the international mar keting of American cotton between American exporters and foreign pur- chasers of the staple.
 About 200 Representatives of tho in- dustry will sail tomorrow to attend fha world conference