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, ,,,.-,..,.,-.----r ''.... - J THE NEWS AND OBSERVER. THURSDAY. APRIL 4, 1512. FI0RTIU7EST IS FOR i thla process will continue Indefinitely. changes, to consider atiHaallana thai tha two spinning urganisatlons want lo maka, and during the discus.mii H wu plain that a goad part of your snlagknlsm to rottoa exchangea . due Ut.faur.mm. MMntt familiar with ,tha by-laws anil riilaa and tha .-. nomlr functions of tha cotton n ihangaa Cotton exchanges, to perform lhlr tma eervl. to Iha entire miinn trada, muat hava thalr rules ami In EXPERIENCE CMNEO WHILE lH THE DflUC BUSINESS In Ml in Mil weevil rfiMM Ilia lmMut sad hi HIT the lavasaa, of Iha Mtale of Mlaxdastppt began. The Infested territory new covers ITl.so square nillss, la lb Stales at Ttxs. .ouuaena. MlsetestppC Kaassa, Okla homa, and Alabama. Tha oular bor lUdftc for Wrinklci Aid Bad CorapUiloni FIVE Fli r mil milium in rrnt Art snd Nsiur. Of all th itlny ipes in my wrap book, hora in ' that liitva der of tha Infaetsd territory farms a """ ..landlns from about asoblls lay gVn r-umi.lel wii.fa. Iln in iia Mas ne years who ... 7 . .1 u. Memphis and tiiti. nh Wrinkle Hammer 1 ti ounce --. .trouble, aad from tha uaintan 1 , , --" tha Mexican ofaraa aaxollu. diseoi " 1 Pint Witch hl 1 a ash l- H'.L.tui w "J 'T,.',"t' IfT . '" JW f.r'rflPt,w;,'fxawerW aTV W II rni wuuunuk Lullll Jaw awn v. j, ,f r,rlMtniy afforded me stage, the weevils aeeklng shelter III I" Voung under If IX wnniiy )h( future delli ery of cotton sit hour t r , ' MiW-MWIv rea t rii s, t wouU , th. torfmlM Km,r,.n.. ,rom UnUd ooniplxloi. thua obtained Is hlnd of wtIn , Waawlegt. I. r , April I. That Caverno- ' Wood raw Wtleen ceuld ramiaud a bundrad mora votee In tha electoral college egalnet rreei daat Taft than eay nthar Democrat haw proposed for tha Democrstlo nraetdontiel nuntlaatiun U tha opln Ua of Hepreeentatlve Robert L. ttaan, of Texas, tha chairmea of tha Hswae Hulaa Committee, who ta Juat back from Lincoln, Nebraska, whara ha paid a paraonal visit lo lion Wil liam J. liryan. and attended tha birth day anniversary reception In hla Mr. Ilanrv. who la ana of tha laad- ara af Iaavcrary and promlnantly pokan of aa tha parmanant rhalr aiaa of tha Haillmora ooavauUon. aa aartainad from tha hundrada of D-m-orata ha mat on hla trip Weal that tha aeiiUmant of iJamorrala In tha Northwaatara Utalaa Wabraaka, Mia aaaota, Iha DaJtnUa Iowa. Wlaronaln natd Mlcaitan ta orarwbalinlnaly In aawa of tha aomlnallon nf (lovarnor Wllooa. Mpeaklnd af hla trip Mr aary. who ta vary otrtlmtatio aaMM , - ta aatJook far proaraaaKa Damoc rary, aald I "I talk ad to a rat many prorr- a4v Da moor U from vartoue parU uj Kabraaka and aurroundlnd Btataa. i J! fatiad thaaa DamocraU vary much -V alalad, and huadrada of them axpraaa- 7 d tha ballef that with tha aom na- '- ttaai of Governor Wood raw Wllaon aar party ran awoap all that aaoUoa af tha country aamlnat Mr Taft. who k la cartal U ba ta KaauWk-aa aoaa taaa. Thara war mora than a thou and PomocraU praaaat at tha Bryan banquat aad a ffraal prpondranc of thaaa war for Oovarnor Wllaon'a ' aomlnatloa. It ! abaoliitaly certala that Ooyamor Wllaon will carry tha ttat af Nabraaka by aa ovarwhalm "V' ln majority orar Ooraraor Harmon, and by reason of condition thara V.. Haa. Cttanip Clark la practlrany jllm , laatad from tha running Indaad. tha 1 inaanana of opinion amonfat pro "" aiarra Damocrata waa that Mr. Clark! fnrthar caadtdacy In Nabraaka ,... - 1 'ui ba a aeiioua manac to tha Moaa af tha protriaaly aad waul "J"" kid Oayaraor Harmon to poll a larfar rat In that Wat than ha would at harwl aa ba antttlad to. I Ulkad .' with aoma of tha moat proanlnant V"t Damocrata In tha nation and wblla ; thy r not nchtlna flpaakar Clark far tha nomination. yM tt I Ihatr ba Haf that Oovarnor Wllaon can not ' 1 only poll arary Damoeratlo vota In x fha rountry. but can poll mora than tl Pr cant, of tha profraaalva Ra- rabllcan vota. not only In Nabraaka, at throufhout tha Waat and North- "One of the moat noted of th Democrat la th nation stated to ma that It flumir " m nami aae aalaat Mr. Tan. he win unaouoi edly carry Wlocanata by . ma kprttr. aad will overwhalmlnaly da feat Mr. Taft In Mlnneaota. North Dakota. Iowa. Nabraaka. Kenaaa. Col orado, and practically all of the NorthWeatara Btatea. W1th Oovarnor Wilson and Mr Taft ruanlna. tha New Jersey eaecu- tire will socura almost a hundred ' electoral votes la tha electoral oollece taht no other Democrat now propoaad for the nomination nould possibly aa' sure. This I no Idle dream or optl mlatle ataUment. but waa verified oa sjl hands during my visit to Lincoln and I may aar that tha Infer matloa was dacured (iter talking to those In position to know and with men who recently traveled over the States Jut mentioned "Wherever the four caadldatea for th nomination are allowed to run In any of these Mat It la found that Governor Wilson is tar in me isaa, which account for tha retirement and evident ce-eperatlon of soma of ths candidates sgalnst him Information coming to me while recently In Taxas, leas than tw weeks ago, I to th affect that Got . . amor Wllaon will defeat Governor ... Harmon by more than two to one In .. ' a nrasldentlal primary or convention vota. and every Harmon maa that 1 talked to conceded such to no tha cer tala outcome aa matter now stand. Taass will have 44 votes In the Hal ' Umore convention, and 1 confidently assart that every one will be cast for Oovarnor Wilson. Clark ana under weed are not even considered aa nrea , - . Ideatlal possibilities in Trass, and t , baUeve Harmon will ba practically out . : .;. af th contest before the primaries la AJi May. T'fr, "I Am a progressive Democrat and , ' bailev progresilves should work to gether, but II anv oroaraaetve uatn .-i.jji . ocr at should become weak-kneed and allow himself to be tolled off after Xi the rank reactionaries, hs will find his - V following rapidly falling away and " T- JlBlhf hp under the standard of Oov-- amor Wilson. '' Wtth the certain vote of N '. hraska and Wisconsin In Goternor Wilson 'i favor, and added to those tha 4d voteaaf Texas and the 7 from . "Pennsylvania, It la perfectly manlfast With the numeroue second-choice ' : " eominatlona In many mates for Oov arnor Wllaon, It will not ba possible : '. t defeat him In the Baltimore con- --- ventlen." TAFT ADDRESSES COTTON MILL MEN I (Continued from page one) ""Im announced that "moulders of fm---'' Inlna.faahloua low have decreed that ' h ladlsa shsll wear more yards of coth In'thsir garmsnta." f - "Oua at my friends of a math em at . Lmi wtlma Aaured tha acaatv atttva nf : ' tha fair aas cut out at least li yards at finished fooa Pr aoun ismai in- - habitant of tha dvlllaed worid." said V..7"I,. .hi. .,,'i. T'iT ur teura and wa. a eoi trlbirtlnt- factor ta the small demand eZTaJ.7aZUa tha nasi twa vaare- " r-- " v TKK MOIX WEKYIL PROBLEM. PanW Renal Bf W. . Rnaoer. Bares . .af MssmMT, V. t. Bepaw usm as V sst Janwkndnnm iln tfnry' QraoVa famou spostro- nha to eottoa tin exclaimed. "What a royal nlnnt it In, .Thoj trespass of a llttl worm ap ita treea leaf I mom to England than th advene of th Russian army tear Asian o.itpasta." '' ' " M'-:"'i wto ..ta shrdlu eiufwyw fcSCH Thla statement was saade) aema ta ago, haf am th Max lean nation I waarll had Invaded tha United to and avan feefare H waa pus - -1 by any on that wen na lava- . would tab plae. . Tha atata- r-rerrad to tha so-called eottoa r which haa axlgted in tha e ginra) tb peglnnlr of a of tho tuple. . " Ich devours tho l've -lent and cnaeqn tly hf 'ta .npl e- mvm k.ka troubled ma. not ha wltliout It I elwsvs rarom hibernation brain normally In Kab mand !r Kllmar'a Mwamp-Hoot to I ruary and runtlnuaa until about tha my fiianda. a I ballaa It to nrat of July. Tha aarllnraa with which niaOI:ina or ....- tha II a a for wnirn T"" mand It Bin oar air. V A. KOOSI E. - r-olnmbla. Ala. Paraonallr appaarad bfora ma. thla 11th f htnil)r. !. I. A Knonra. who ubai:rlbad tha abova atatamant. and mad nih that tha aaoi ! tma In auhatam and In fart. C T UAnniH. Notary Public iirtur to Tr. Kllmor a Co.. Blnchaanlon. N. T. Prwia Wha Awatao-IUxM Hill Bo fr'or Vow. Hand to Dr. Kllmar a. Co . H!n hamlon. N Y.. for a aampl bollla It will rnnvtaoa anyona. You will alao racalva a booklat of laJualila In formation, telling all about tha kldnay anil bladder. Whan wrlUnc. ba aura and mention the Kalelvh Dally Nawa and Obaerver, Macular fifty-rant and oaa-dollar ala hot tin for aal at all dm atoraa. dlant of duatlna polaon on the follaca 1 an eaay matter. The boll weevil on the other hand, I much mora In etdlou la It method of attaik atralna tha cation plant It fed for the areolar part of It existence within i th fruit where It cannot be reached with poVaena There la a very limit- ad usufulneas for poisons before the fruit haa been set upon tha planla but after tha saaaon haa advanced such manna are of practically no val ue, Thla faflt eauees tha boll weavM problem to ba much more aerloua than that of the cotton caterpillar. for years tha weevil ha attracted great attentioa, which has generally centered largely amoag cotton runt- ara. who were the nrst to suffer, mat and national conventions have been held to dlaruss the matter and large sums af money have bean appropri ated by Mtate and federal agencies for the fight sgalnst the pest. Of course. It Is not the cotton planter! lone that are Interested. The prob lem cemea horn to the members of thla Association for the reason that the weevil haa become sn Important factor la cotton production In the United Htatea, and this Interest on the whole will Increase as the Insect coa Unuea to advaaea mto La. uuUoa heU. The- fn tercet of manur'rr la ths boll weevil arlsaa primarily from tha fact that It reducea th produc tion, but there la another considera tion of Importance. Thla Is that the Insect Is causing a change In the dis tribution of production In the Vnlted Statea Tha prospects sre thst cer tain regions which hava been large producers. In soma casea of spscial grades of cotton, will not bo able to continue the production upon the same srale. The so-called "bender" cotton aad th Baa Island variety, for Instance, will be mora affected than ordinary upland varieties. For these reasons It Is evident thst ths subjeot of th bolt weevil ta one thst Is de serving of careful attention by this Association. As the name Indlrataa the boll weevil originated In Mexico or Cen tral America. Its hlatorv before tha Invasion of the United mates Is ob scure, but tt Is evident that the peat caused great changes In tha rultlva tlan of cotton In Mexico. A large portion or the mills In Mexico are In Lfated in Pueblo, which la situated 'n a vallev once famous tor the produr tlon of large quantities of the staple Now. slthough the mills remain In Pueblo, they draw their eupply from a region nearly a thouaand mllea away end practrcallv no cotton I produced In the vicinity That the ravages of ths boll weevil arn sponsible for thle condition ecema to ba evident. The locality where ro ton la produced on a large male In Mexico and which furnishes the rot k for tha mills In I'ueblo la In the northern part of tha republic, where tha climatic conditions do not permit tha weevil to develop. It Is not (n b a predicted that equally revolution, ary changes wilt occur In the I'nltrd Btatea. although there will undoubt edly ba a readjustment of production of th same kind. Tha boll weevil Invaded the United Btatea In th vicinity of Brownsville. Tex., about 1111. It waa Investigated by tha Department of Agriculture In IM. and Its capacity for damage te- cmaa so evident that the Department made tha suggestion that Ita advunce be checked br establishing a tone along th rtlo Grande la which the cultivation of cotton should l pro hibited. A general failure to realise th sertotfsnee of the situation waa ths reason that na action waa alien at thla time on the recommendat on of the Department. qihre 114 tha weevil haa advanced regularly at tha rat of about Afty mllea per year. In favorable seasons snd localities ths advance haa been as much aa lit mile, while soma seasons of unfavorable climatic con ditions have shown sn actual shrink sre In the Infested territory. Tho In sect haa Invaded a region in which the conditions are entfeiy unlike thoa in It original horn aad a pro cess of adaptation la under way. In some cases the Adaptation hss not proceeded rar enough to enahla tha insects to persist In thla countryy. explanation of th coca- "Ll JT, 11 b" TT, V!lJ.? . however, hardier wwavll I sre being produced each season, and tot Ka ftsUkeJ Mai eerpeao 1 njmte Ml CMUSt XMMMrMialbgtM ; no mi c Irs fas sa onaMBB,, gag. . a .g. "fr lalllall llwFlitwiaint. 1 aTkinhnasttaUl.l, BrajdktaxenxssjdrUls CCl-wxWinr. AotMtinnllia Tkfan-fAnkpxrLCrUaX t:z t u rj rx nrr i ti5 - ters dependa upon tha amount of ahalter Ihey hsvp found and the pene tration of the sun. As soon as emer gence from hibernation takes place thewsvtls fly to the .cotton and he gin to feed upon It If the cotton I young and no B"uar-e hava been formed, the wecvlla plai thrniaelve upon tn so-called bud at th lop of the plant and feed unon tha young tender leave. If theia arn i aa raa upon the plant, however, the Insncts go to them and do not molest tho leaves. The female wm II bores a ohle Into the cotton fruit hi the bot tom of which an eem la deposited. In four or Ova day a thla batchaa and the Ian a feeds upon tha tissues of tha suuare Thla results In the falling of the square t the ground In a short rime Inter In tha aeuon, when the eeevll bronte very nu merous In the flelda the bulls are attacked eiactly as are tha snuarre However, the boils do not drop tn the ground but tha locks within which weevlla are found do not de velop and tha remainder of thd lock fall to devrlop normal seed and'-JInt-Keproductlon Is very rapid THiring the warm months a generation la produced In leas than flPlneo days. The possible progeny of a single pair of weevlla during tha season Is Over 1 2 000,000 Indlvtdusla It will be noted that the wwavll af facta tha cotton plant In manner watch Is very vital aa far aa tha In tereste u( the planter are concerned That la It simply remove the fruit almost as soon aa It Is formed. Tha plants continue to grow and to put on fruit At the end of the season a maeTnldcent stalk la produced, but Its fruit haa largely been destroyed by the InsexL Dnaaace Caased by The Boll Weevil. to estlmsta tha amount of damage done by the Insect Is not an easy mat ter. One of the Important consider ations that confronts us Is that tha loaana are both direct and Indirect The planters suffer by tha decreased production, snd rallroada. banks and merchants suffer Indirectly Moreover, the damage la not uniform In different seaaona Climatic conditions sxert a profound affix t upon the multiplica tion of (he Insect. At the ssma lima, there Is a treat variation In the same sesson In different localities Una re gion may be provided with ehelter whloh allows a high percentage of the weevils to pass ths winter, while sn- sthe without aueh aha Uar furaiaaaa eoanparntlvely few weevlla tn In Hire the crop. The estimation of tha dam- Ma cauasd by the Insect Is compli cated further by the fact that certain rompanaatlons are returned. A di versification of crops is forced upon ths plantera. This in many cases brings about a better svatem of agri culture. Kor thla reason It Is fre quently ssld that tha boll weevil la s blessing In disguise, bt no planter Is known to the writer who would not greatly prefer to have diversification brought shout by lass revolutionary and less disastrous means In 1 ths Btate Kntomologlst of Taxas estimated a direct loss for ths preceding five year of 1.711.060 bales At this time the weevil was conftnsd to Tsxaa In 1 nag a careful estimate resulted In the determination of an sverage loss per acre In Texas of li t, snd In Ixiulatana. where ths problem Is mors ssrtous, nf tit tt. one of the most careful estimate of weev II damage that has ever been msde was furnished bv the Bureau of matlstlcs. of the United Statea De partment of Agriculture, based upon ths Injury to the crop of 1101. The Inquiry was conducted by correspond ence with a large number of report era throughout the cotton belt. Other factors affecting the crop Injuriously were taken Into onatderstlon. The result ahnwad a loas due to the weevil of l.J7.00 balea of tOO pounda for the year. At tha price current dur ing that eeaann the value of this loaa would he IIS.Q&t.tVO In a general way It may be stated that fur some years ths weevil hta caused a reduction of the cotton crop of the United Htatea varying from 100.000 balea to over a million In thla connection It Is Important to call attention to the very large crop produced In The Inquiry nat urally auggeata Itself as to why with the continued spread of the boll weevil such an unprecedented produc tion could he reached. A careful ex amination of thla question leads to the conclusion that the large crop of the year I $11 was due tn several file tore The acreage waa large and the conditions throughout the growing season sera unusually favorable. Moreover, the boll weevil waa less numerous throughout Ha range and did much leas damage than IS nor mal Thta la the reeult of two suc cessive eeaenna ..f drouth and two winters of unusual severity. Thla combination of climatic checks re duced the wrevtl to as low a point aa It can be expected to resch at any THE TRUE TEST. Triew In Raleigh, it Teat. haa Aooi the Th hardest teat Is the last of time, and Doan Kidney Pills have stood It wall In Raleigh. Kidney sufferers can hardly ask for stronger proof than tha tolloerlng: Mr. 1. A. Baohford. ttl Polk ftl, Raleigh. N. C. nays: "Tou may con tinue to publish th. testimonial 1 rev In Jsauary. 1MI. In which I told about Doaa'a Kldnay Pills. Blm that time 1 hava boon fro (ram kidney complaint aad backache, and during the past year I hava had no need of j kldnay medlctae whntovar. The . i eretlona from mr kMnoy caused me I great annoyance, ana I ourrerea tmm dull backacfaa aad pauna tnrougn my loins. I could net aUap oauadly. and In tho morning Whan I got up, my hack was vsry -m and osr. i read knew aovoral partkao who fcn4 used them with benefit, I Inally hoturht a box from tho BobaUt-Wynno Drug r. (now tho- oaiierwojr vm9.j. Thla reanedv Waa far xnoro onactrv than nay other I over oned. and It wan not loaa before I con Una) - ror gala by all neater. ' IMro tt eaajtnv lfMUowrn Co.. aTaas. Now Tork, son) nonta for tho Vnltsd Mateo. :: . ,. c, - lleeaa saber U Uko no athr. ' not ta be remuareil 1 1 ti ifle over- with eoemeUca All ounce of ths waa Is BuhVlriii Tha Ingredients id. me it are Inai penslve aad can be fouml in any rtrun torn. Loulss Initial,. future tlm. 1tl general the damage wsvlas by fully ., r . . nt than It would be under nnimal condition. Therefore the -eiii iif.atrd teirl-i lorT Waa relieved tmii,ii.rlly of a i Isrgs portion of the damage and fur nished an unrt ted I al.nonnal contribution to the crop f th Minn. In r u - i ron ry m other wurda. tin produced In 111 I In an Indication of I th power of Iha boll . II It ehowa what can be produ.od lien ila de pressing sffsct upon i.rodu. tlon la re lleved. lrospeaa nf Spread of Meet II. It haa already t-.-n intimate. I that tha boll weevil will im.l .il.tedlv ion tlnue tn spread In the I nlicd Htatea It ta evident, hoeewi that there are certain checks thai it in experience The most Important of thear la dry ness, in a drv i lllnnle the develop Ing broods of the evii M deainiyed by best soon after Hie a..iarea fall to the ground Kor thia iraaon the Insect has been unable to maintain Itself In the drei porti..na of Truss and Oklahoma Aim. Hi. i . lie. k agalnat ths weevil ts low albter temperatures There Is no fixed temperature known lo destroy all the eeeMla In their hi bernatlng quartrra Muih dependa I upon the protection the weevlla hap pen to be under and upon their In- dividual vitality Nev ert heleae. th importance of low a inter tempera tures Is considerable, nlthomh It la leaaaned by the proceaa cf mlui.ta tloa to the condition! or thla coun try the weevil is undergoing Th eonslderatlona that have Just been mentioned lead to to definite conclusions about the advanca of the boll weevil In the United Htatea One of thaaa Is that the Inxeci will never be a problem of great importance In the westsrn psrt of the belt a her- , the preelp Itatlon l about twenty live Mrcnwa or iwmm in. oin.-r con. luaion la that ths advan. e along the nortb,- ern part of the belt will he alow and j uninterrupted by numeroua act backs, ' dua to low winter temperature. The ' moat rapid advance will be In the lower part of the lotton belt along tha Gulf of Mexico and the Atlantic it Is estimated that the weevil will reach the Atlantic iiiean In about six years, but It may he fifteen or more year before It eatabllahea Itself In th northern limits of the present cotton belt. tog Ovaraaxtsnatctl. the ftnnatton r Nad Alarming. From tha foregoing statements It Is evident that the boll weevil problem Is one of considerable magnitude and one which will not lessen In Import ance as years pass Herlous ss ths problem In tha writer can agree with Mr. II. A. Stone, s prominent econo mist and cotton planter of Mississippi, In th statement that na other Insect sinus ths dawn of history, not except ing the KgVpttan locust, has had to bear tha burden piled upon It by the boll weevil. With the Incoming of the weevil thara I a tendency to over look all factor whloh have for years contributed to a lessened production Consequently the boll weevil fre quently la accredited with powers and damage which It doss not possess Th dual In It has Inflicted haa been augmented by panics that In many cases have been entirely unjustified The spread In the United Htatea will undoubtedly continue and many changes In the system of agriculture will be brought about. In aplte of theae facts the situation Is not alarm ing. Tha writer seea no reason tn suppose that the United Rtates will noi continue u maintain us auprrm scy In the production of the staple The centeta nf production will be changed, there will undoubtedly be atrong westward movement. Un doubtedly there I sufficient and In th weat lo produce enough cotton to ofTeeT tha loas In humid regions where a great la Inev liable reduction In acreage ADDRESS BV PR101DEXT V T. COTTOW EXCHANGE. Mr. (.corf W. Neville's Paper on "Cotton Kxtlaailfea, Prodncer. Cot ton Merchants and Spinners." Mr President, and members of the American Ubtton Manufacturers Association In accepting ths Invita tion of your president to address vou today. I asked him what he wanted me to talk about. "Anything." waa hla reply, and aa this was a specific subject you can readily understsnd that I knew than what was In hla n)tnd. but how to get It out of hla mind and Into language, was snother thing ' However. In a gstherlng of tlfla na ture, there are only two subjects to talk on. viz raw cotton and f1nlshd r ot ton goods Nature has given ua a Urge supply of raw cotton- this eea aon. and the moulders of feminine fashions have decreed that the ladles ahall wear mora yard of cloth In i heir garments, and as one of my friends with a mathematical mind figured the scanty attlr of the fair ax cut out st lat twelve yards of finished goods per adult female Inhab itant of the civilised world, this scant aittis-. a - ... nyxkroh hinn waa a contributing factor to tha mll de- mand for finish tha past two vra Worthy of mention hr I theket, would get the business, fouse enormous vield'of CatttOB this season quently. you either buy contracts for In the oldest cotton growing Htatea the futurr delivery of cotton on aoma North Carotins, l.lllitivxlM: Houth I cotton exchange, or buy your exact Carotin, l.7JJ, bate Oeorgln. 2,. i quality from some reliable cotton 1(7.1100 hniea. and It may be nf In- merchant and he In turn buys ron tereat to some of yea. not eonvorsjnt tracts for ths future delivery of cot wlth the production of cotton In Its ton on soma cotton sxchange. to pro details, that from lTIt V 111 1 Houth t t hlmsslf against prloa fluctuation. Ctrollns snd Georgia proeluced prsr- depending upon th vrtr st which h ticaiiy the cotton crop ox ms coon- trv. The yield of lint PM Btatea nmduine La auantltle of cotton la sllll at Ita maximum In North Carolina snd a)ovjta Carolina! notwith standing they ar th Oldest cotton producing Mate. .-'' With the tncroaaai neroaif and larger rropa th Increase oplndlesxc In the Mouth, the ckaag from coors. to finer goods, andf the Inroads of th Mexican weevil In l-eulalan, Missis sippi and Arkansas, tho development of atapla cotton cultivation has been forced in the Atlantic attatsa. and by seed (election swat slant breeding south Carolina haa aurprtsed th rat- ion world this ass lit by tn preauc non or i i i nor'oont eont etapls eattan. aad oeet to aa a rg predoetlon rnaracier or cotton tno CI " n AliantlO Ptaa j " my pleasure w e aw nferenco of rnrentatlvo of your nnnwiri oi ronrsaswiaiivs aa ywer wraanTmauon, th Nstloaai Associaiiooj of Cottao Msnwfactorers, sal th Xwt Urlonas aa nmw lerk, Cottea .- rj. uahla In der that the farmers mav hava ut way.of determining the value of thrii product. The New Turk Cotton Enhang' aas organised and a charter granted by tha New York Mate Legtelatui. In April, 1171. Tha purpose of th. Institution era clearly set forth In th. third section f Ms charter "Ths purpoeee of said corporation ahall lie to provide, regulate ud main tnln a aullable building, room i.i looina for a cotton exchange, la th. city of New York, to sdluat contro veralea between Ita msmbers. to esiab nan Just and equitable prlnclplea In the trade, to maintain uniformity In Ita rulea regulations snd usage to adopt alandardn of claaslnratlon. lo axKiulre. preaerve and disseminata uae ful Information connected with the cotton Intereat throughout all mar aeta. to do reaao the local rlaks at i tendant upon tha buxtneaa. and gen j erally to promote th cotton trads of the rlly of ,w York, Inrreaae Its amount and augment Ihe facllnic 1 with which It may be conducted, and , lo make provision for the widows and families of deceased members. The I aald corporation shall have power to make all proper and needful by-lawa, not contrary to the constitution and laws of the Mtate of New Tork or of tha United Htatea" Th gradea deliverable on contract agalnat a sale for the future deliv ery of cotton ran from good ordinary to good middling, with low mlddllnic aa Ihe baste grade, but after the Americ an Htandard i'laaalflcallon waa made, on Heptember 1. 1174, tha New York Cotton Exchange, In adopting ! this classification, took middling oot l ton as the basis for trading In cotton I for future drllverv, effective Heptem ber I, 1175. and the other cotton ex changee shortly after adopted tha eame limitations The (iradiiig of Cotton. Your organization hss been very urgent to make the loweet grade de liverable on contracts low middling To do this would be Vrexttng the farm- rn of the South unjustly, and aa each toritract for I 0 bales of cotton traded m on any i otlon exchange calla for , delivery and acceptance of 1U0 balea of cotton all cotton exchange ahoiild provide for the acceptance on , ontra. te of nor. -base and aala of all merchantable cotton raised by, the farmers of the Houth. There are eea- I aims when the qualities of cotton pro dined are auch that theie are very few bales of gradea below low mm dllng and when thla occurs you liavt a low middling contract, but there are exaaona (thla one. for Instance) whan, for some reason, the uualltlec below low mfddllng sre superabund ant. and the fa.llltlea nf the rnttot exchangea, In Justice to the hale of cotton, ahould provide a constant dally market for auch grades. The lowest grade deliverable on contract la good ordinary, snd this Is a gaud splnnabla grade, usable In every mill where yarns or goods are dyed or printed. ICvolulon of Tier Trade. Cotton exchanges represent " ths evolution of the trsde of the cotton merchant who distributes the cotton aa (lie farmer produces It and supplies vou gentlemen with the quallllea you require to make the special lines of goooa vou iioiniifacture. and, by the a. vou gentlemen all seem to think the farmer produces nothing but 'strict nil. Idling ittnn The othei grades which the farmer has to Sell and the cotton merchant has lo buy. to get you your strict mlddllnr. have to I.h taken care of. otherwise the element of speculation on the part of the cotton merchant would be so great Out the merchants, having tn do with the distribution of the col ! Ion from farmer to aplnner. could noj buy from the farmers sa freely they do now. because, the rtak of tin. tuitions would be greater than, the margin of profit that exists today. The evolution, of this feature of tha huHtneae developed the 'cotton ex changes, where buyers and aellsrs meet and trade in contracts for the future delivery of cotton. The New 1 ork Cotton Kx. Iinnge was organized primarily bv the cotton merchant, for hla piuiection against price fluc tuations, and here 1 wish to take Is sue, with mv learned predecessor In his statement thut it was created for the cotton merchant alone. Cotton exchanges provide facilities for all cotton Interests, whatever may be the lines of their endesv or. and lo the investor, aa well The membership of the New York Cotton Kxchange today embraces merchsnts residing in practically all of the cot ton producing States, bankers, apln : nera. and some engaged In planting cotton W here the ( oiton rlxrliange t'omes In If cotton manufacturers only sold their goods when the cotton was be- i Ing miKeted, and the farmer only marketed hla crop whsn th mills sold their goode', there -,v ould be no use for the cotton exchangea; but, gentlemen, this Is not, or never has -bcn, the method of the business You , gemiemen have opportunities of sell ing Ihe product of your mills for j many months ahead, at a time whon , their Is very little cotton being nu.r- I keted, and to tuy this cotton iif II existed), warehouse, insure and bur- , row money :o . ai i y li until yuu could convert It Into flnlahed goods or yarn !""ld enhance the pflce to -n n an : extent that your over-sea competitor. , I Dv u",n th IJverpool contract mar- sold you your quality, to give him his profit Thl method fixes tha .-oat of your raw product when you ssll your " onnnuea on page Tour. hxrftoa mmm- mtch cnvL ah j sjggaenBesaV ls list lis etei, ... rC " I n , r. a. t, . t, HEAD THE LIST of Forty-Five Splendid Prizes to be Given by THE HEWS AND OBSERVER in its $12,710 VOTING CONTEST FIRST GRAND PRIZE Corbitt Toorlny Car Value, $180Q. SECOND GRAND PRIZE Stoddard-Dayton "Saroy" Valne, THIRD GRAND PRIZE MaxweU Mascottc Touringar Vjwjne, $1,010. EASTERN DIVISION GRAND PRIZE Flanders 20M Touri ng Car Value, $800. Thia car must go in Eastern half of North Carolina. WESTERN DIVISION GRAND PRIZE - a. af AlX I "25s- Mf HrvV v I w w.i i a mm an a ... . . ' --'' Flandert "2(T Tonrlnf CarValue, $800. Thii car- must go in Western half of North Carolina. - Forty Other Splendid Awards' For Ambitious North Carolmiarisii Nominate Yourself, it I rfisTS ''''' ' i : y - Jt.yi-'j.. --"., W! or a Friend a .MnTMTisiri annxe ' v
The News & Observer (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
April 4, 1912, edition 1
2
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