The Birmingham age-herald., 1922-08-22
DIAL COTTON BILL
 NOT TOBE ENACTED
 BEFORE NEXT TERM
Split In Ranks of Southern Democrats Makes Amend ment ImpoSSibIe-HetIin
 Opposes Measure
By HUGH W. ROBERTS Washington Bureau, The. Age Herald;

500 Davidson Building. Washington, August 2l.-(SpeelaLa The Dial proposed amendment to the cotton futures act which would re- quire the cotton exchanges to deliver in grades according to contract. and which the cotton exchanges bltterlN oppose, will not receive the attention of Congress before another session, The effort of Senator Dial to attach his amendment to the tariff act was defeated because of disagreement In | the ranks of southern senator's The opposition was led by Senator Ransdell of Louisiana, who, in respect to the issue involved. speaks for ths exchanges in his home city of New Orleans He had valiant assis- tance on the part of Senator smith of South Carolina, and Senator Hef- lin of Alabama, both of whom re- gard themselves as particularly the friends of the cotton producer. The Dial amendment grew from the amendment proposed two years ago by B. B. Conner, then a senator from Alabama. The Conner amendment was put through the Senate without ma . terial opposition, but was lost in the House.
 Senator Dial explained that he of ferred his amendment to the tariff act because the agricultural commit tee had consumed so much time In considering his proposition that there was no other hope for action. Sen ator McCumber, in charge of the tariff bill. was considerate to the eX- tent of permitting senators from the south to develop their lack of con- cord Then he made point of order which was sustained.
 Tv ha Hal EanqfnF Dial declared present conditions unbear- able, which proposition no one dis puted. He referred to the fact that the farmer is at the mercy of the exchanges. No one disputed this state ment He contended that his amend ment would tend to remedy the situ- ation, would result in equitable con tracts, and would increase the price of cotton.
 Senator Ransdeil of Louisiana. spoke against the Dial amendment. He used the argument which he used against the Conner amendment, that argument which Senator Conner de- clared to be the argument of the ex- changes.
 Senator Underwood of Alabama, democratic leader, espoused the cause of Senator Dial. Present conditions are bad. according to his statement, and must be remedied. He chal- Ienged those opposing the Dial amendment to offer better one. No one responded.
 When you sell bale of cotton on the exchange" Senator Underwood said, Ut should be an honest sale, with the intention of deliverying the goods sold, so that an honest buyer, intending real consumption, can go to the exchanges and buy his goods. When you insure that you erect a barrier against the gambler, who sells to reduce prices and not for an honest purpose. You have protected wheat against the gambler. There Is no reason why you should not do as much for every staple commodity.
 T think 1t is no answer to the proposition that you do not agree with the technical details of the amendment. It has been before the Senate so long that everybody knows what should be done. If the pend ing proposal does not meet the evil let those who have better plan propose 1t. This Is no time to with draw the amendment. This Is nc time to avoid action"
 The objection of Senator Smith or