Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-12-15
SAYS IMMIGRATION LAWS
CONSTITUTE A MENACE
Serious Economic Conditions
Face America, Sisson
Tells Bankers.
Curs oFE coMMoN LAnou
secretary of American Cotton Assoc
citation Stresses Need for Rndi,.,i
Rcforms-Cnr Shortnge Richards
business Expansion, Il liz Argued.

Serious economic conditions facing
immigration laws. cutting Off com
mon labor. for which there is a great
demand in the United states. were
emphasized by Francis II. Sisson.
rice-prcsidcnt of the Guaranty Trust
Company Of New York, and by lIaryie
Jordan, secretary of the American
cotton Association. in addresses
made before members of the Bank
'rs Club of Richmond at the Com
'nonwcalth Club last night
Mr.. Jordan said the negroes were
leaving the cotton fields OF the South
Tor better paying positions in the
North and West, and would never
return. and he doubted if any white
foreign labor could stand the heat of
the sun in the cotton fields. The i'm
migration laws. he said were keep
ing out desirable laborcrs for other
industries. and he felt there should
be some radical reforms.
Mr.. S!sson spoke ON economic con-
ditions in foreign countries and in
America. He said that. while bust
ness in the United States still calls
for considerable "pctting," it has
made forward progress during last
iyear. and is still in the way OF fur
Their expansion. Touching on foreign
AFFAIRS. he said the foreign war debt
is far from solution. and while we
have been told that We arc respon-
sihlc because W" 'duckcd' and left Eu-
rope hung up. we feel that the for
cign nations arc responsible, and that
France asked too much from Ger
many in rcparations." England. he
said. has taken spirit and Is making
a hnr dol
Car Shortage Menace.
MIR SiSsOn said the car shortage
in the United States was a serious
menace In business expansion, and
that shortage Of transportation ia
ciiitics ana labor made the future
look dark He said the starvation
policy towards railroads made the
railroads inadequate.
Possession of the greatest gold
r"S'T'Ns by the United States, he
said. was another menace.
There arc positive factors. how
ever. he said. that make the future
look brighter. Europe Is showing
increased production and the United
states has gone far toward reach
ms "a trade balance. Hc said IL would
Ia some time before the manufac-
turcrs of the United States would
meet competition in foreign fields
He said the business men OF America
must realize that we've got to live
ana help live" and have got to take
a new attitude. make Investments
and loans in foreign fields. MIR. Sis
son emphasized that we cannot live
alone. He pointed out the danger Of
too many blocs and too many CO.
operative movements.
The evil of the boil wccvil was de-
'iarcd by Mr.. Jordan To be a menace
10. not only the South. but the whole
nation. because the nation faces
crisis In its greatest industry, the
manufacture of cotton. lie said the
COTTON crop was the most valuable in
the United States. more people were
employed In its production and man
uiacturc and more capital invested
than in any other industry lie said
the boil wccvii had destroyed 1000
900 bales Of cotton annually up to
is2l, and last year 6,275,OO0 were de-
stroycd. practically as much as is
produced in the South, which at
cents pound. was Il loss OF $40
100000
MI JorCsn said the government
hhu triad Tor twenty years To- con
troi the wccvil. but it's efforts had
apparently been unsuccessful. For
mat reason the business men of the
'''"'i were organizing to put skilled
experts TO WORK To solve the prob
iem' lie said that Richmond had
given the greatest OF help in the
movement. and ir other Southern
states did as much as the business
men OF Richmonf the problem would
De solved within twelve months
Douglas Malloch. of Chicago, was
the last speaker and he spoke in
POINTED humorous paragraphs. which
ochGhtcd tho asscmblagc lie said
III" Agricultural Department could
teIl exactly how many hogs there
were In the country and the traffic
"fhcers could tell how many there
were in each city.
Herbert w. jackson. president OF
inc club. presided. and in Introducing
inc speakers spoke optimstically OF
Tie i",urc. but said that there must
u" pendulum. for no business man
would forget l920-l92l He said ;h.
prudent business man must insist
upon conservation and economy, and
IN so doing would be conferring n
favor upon his customers
Dr. Russell Cecil. pastor OF tho
second Presbyterian Church. offered
the Invocation.
church May borrow Money.
Judge i. Carter Scott Yesterday in