The Little River news., 1922-03-15
BANKERS OPPROVE
 NEW COTTON PLAN
Satisfied With Inspections of Texas and Oklahoma Associations
 Will Report FavOrably.

Little Rock, March 12.-"The com mittee of the Little Rock Clearing House Association which has just re- turned from trip with the Execr- tive Committee of the Arkansas Cot ton Growers Cooperative Association to headquarters of similar associa- tions in Texas and Oklahoma, expects to report favorably on the relations between the banks and the cotton as- sociations of these two states
 This statement was made by Moor Lead Wright, president of the Union and Mercantile Trust Company and a member of the Clearing House con- niittee, who was delegated by the oth- 1T members to express the opinions of the committee members. The other members are R. H. Thompson, vice president of the Exchange National bank and president of the Clearing House Association, and Charles s. McClain, vice president of the Bank CTS 1TuSC company.
 All members of the party, both the bankers and the five members of the Executive Committee of the Arkansas Cotton Growers Association, were greatly impressed with the work that has been accomplished by the Texas and Oklahoma associations.
 Banks Entirely Satisfied.
 Continuing, MT. Wright's statement said:
 Ut was found that the business had been handled to the entire satisfaction of the banks in Texas and Oklahoma, which had extended credit to the mar keting association. The loans were amply secured and the cotton used as security was handled in a business like manner. The banks of Oklahoma and Texas which had business with the marketing associations last year expect to extend them every facility during the next season,
 "The committee expects to report it's findings at the next meeting Of the Clearing House to be held Mon day. It is our observation that the president and the members of the EX ecutive Committee and the directors of the Arkansas association were un- usually we'll chosen. The marketing of 100000 bales or more of cotton is big business, which will require the management with similar efficiency and excellency to that of the largest cotton firms.
 'The Arkansas association, fOrtu- nately will be officered and directed by men of affairs, who have had ex- perience and who are not only inter- ested directly in the production of cotton as farmers but are experience ed in general business and banking affairs.
 "It is our opinion that the character and the practical ability of the man. agement is the import element in this new york; and that the members of the Arkansas association can feel as- sured that they are fortunately favor ed in this respect
 Acquire Valuable Information.
 Members of the Executive Commit tee said that they were most cordially received at both Dallas and Oklahoma City and that the trip was very pleasant one in addition to giving the members opportunity to acquire in- valuable information. They said they were specially impressed by the fact that bankers and business men of both Texas and Oklahoma were un- animous in declaring to cooperative cotton marketing plan workable and satisfactory. They said that relations between the business men and the two associations are most friendly and that the bankers of both states are preparing to expend the same ere 1;+ f,o;1;tSoc oc thou did lact wear