Watson's weekly Jeffersonian. (Atlanta, Ga.) 1907-1907, October 17, 1907, Page PAGE THIRTEEN, Image 13

Below is the OCR text representation for this newspapers page.

action of the English bankers on Au gust 29, last, when that body adopted a resolution providing that they would advance no more money on cotton ex eept on bills of lading of the follow ing form: (a) Bills of lading for cotton from interior points in which is shown the continuity of the shipment, every car rier being named therein. (b) Port bills of lading, signed by the captain of the ship at the port of shipment after the receipt of the cot ton on board ship. It is also recommended rliat Ameri can shippers route their cotton direct from gulf ports via the Manchester canal, so that it may be carried by a 11-water route direct to the spinner at Manchester, England. The practice of certain insurance companies in limiting the risk on car goes of cotton was condemned. Uniform Classification of American Cotton. - The committee which considered the question of uniform classification of American cotton made a report, which was adopted in the following shape: ‘‘That standard types should be ■* adopted either by the United States government or by an association of delegates from cotton exchanges, cot ton growers and cotton spinners, and that the classification should be made upon grade and color alone, and not upon staple.” Cotton Contracts. “This committee, having considered the question of cotton contracts, is unanimously of opinion: “1. That standard contracts for 50,000 pounds net weight should be adopted in place of the present cus tom of 100 bales. “2. That the net weight tenerable shall not exceed 1 percent above or below the standard weight contracted ifor. “3. That in ascertaining the net weight,, actual tare, canvas and bands (bagging and ties) be allowed. “I. That the present 1 per cent, franchise danse be abolished. “5. That whereas, the question of the excessive amount of damp in American cotton, and the inadequate allowance for same under existing va rious cotton exchange rules are of se rious importance to spinners, this com mittee is of opinion that steps should ' J be taken by the various associations here represented with a view to rem -1 Vdying the evil of excessive damp and placing the question of claims as ad justed under the present rules of the exchanges cn a more equitable basis.” Buying and Selling. The report of the sectional com mittee on buying and selling was final ly adopted in the following shape, the rlseutocingmfrom shrdlu cmfwyp the resolution of Mr. Heflin, which was made the last section in the com mittee’s report, having been laid on the table by the convention: ■ Equitable Tare —We beg to advise that in order to secure an equitable tare on cotton we encourage buying by net weight and recommend that “the national executive committee of \ the Farmers’ Education and Co-6p- Union, the Southern Cotton hociation, and other farmers’ or mzations incorporate a system will place on each bale of cot weight of the bagging and ility of Price—We recommend that these organizations employ eom- petent graders of cotton, and that the cotton be properly graded and classi fied and encourage the selling of such cotton upon its merits. “TLe other subdivision of the sub ject under consideration was thor oughly discussed, and we finally agreed that we recommend and en courage the buying of spot cotton for future delivery. Report of Statistics. The report cf the committee on re ports and statistics was laid on the table. The convention would not rec ommend any change in the present method of gathering and giving out crop reports and estimates by the United States government. Closer Trade Relations. The following report on closer trade relations between the grower and spinner was adopted; “Be it resolved, That the Interna tional Convention of Cotton Growers and Manufacturers is of rhe opinion that by closer relations between grow er and spinner a great deal of the present expense in handling cotton can be saved, and the evils attendant on violent fluctuations of the market be mitigated. •‘ We are further cf the opinion that the extensicn of the warehouse system in the Southern States and the creation of selling offices will tend to bring about closer trade relations, and are, therefore, worthy of encour agement by both producer and spin ner.” Th auks ?Exten ded. Tnis concluded the regular order of business, and Herr Kuffler, whose un failing good humor and sauvity as well as his practical "knowledge con cerning all the vaiious questions which came up for discussion, had made him a general favorite, being re way to the speaker’s stand, being re ceived with prolonged applause. He made a felicitous speech thanking the State of Georgia, Governor Hoke Smith, the city of Atlanta, and May or Joyner, the chamber of commerce, and President J. Wilie Pope, and the ladies’ committee of Atlanta for the courtesies and hospitality shown the visitors. C. S. Barrett, president of the Farmers’ Union, proposed a vote of thanks to the foreign spinners for their having honored us with their presence/and this was seconded in a happy speech by Hon. Harvie Jordan, president of the Southern Cotton As sociation. The press, Secretary Woodburn and Assistant Secretary Bryan were thanked for their services, after which a rising vote cf thanks was tendered President James R. Mac Coll for the able and impartial manner in which ho had-presided over the de liberations of the conference. At the conclusion President Mao- Coll’s address, farewells were ex changed between the growers and the foreign spinners, and one of the great est, if not the greatest, convention ever held in the South—pregnant with the greatest possibilities for "the ad vancement of the South’s commerce— was at an end. What. It Means. If you, a subscriber, get extra coplee, It means that Mr. Watson requests you to hand these extras to your neighbors and frtsade. WATSON’S WEEKLY JEFFERSONIAN. AUGUSTA TRUNK FACTORY 851 Broad, Wrong Side of Street. M. M. CLECKLEY, prop. - TRUNKS, VALISES, SUIT CASES, ETC. MLadies* Hand Bags, Gents* Pocket Books, “Gillette” Safety Razors (extra blades), Razor Strops, etc. (We are on the wrong side of the street, but on the right side of prices.) We have taken the first six numbers of the Magazine, January to June, inclusive, and stripped off the covers and the advertising pages, and bound them into a book. There are only 287 of these. The volume makes a most beautiful and useful book for any library. The binding is cloth, the back is gilt-lettered, and the work is done in the best manner. The volume is profusely illustrated and is printed on supe rior book paper. , To the young and to the old, this book will ever be of great value and a source of permanent benefit. We are offering this volume of more than 700 pages, with scores of the most attractive pictures, including the splendid drawings of Gordon Nye, at $2.00. But if you want it as a premium, we will mall it to you, prepaid, for 5 subscribers to the Weekly Jeffersonian, accompanied by full regular price of the paper. If you are already a subscriber to the paper, send 4 names with $4.00, in addition to your renewal at full price, and we will mall you the beauti ful premium. If you are already a subscriber to the Magazine, and will renew at full price, sending 3 other names at full rate for each, we will man you this splendid premium. There are only 287 of these books in existence. If you want a book that will sell for SIOO, in less than ten years, act promptly. Next year the book-dealers will be advertising for these books as they now advertise for "Watson’s Magazine,” the New York publication of which Mr. Watson was robbed by Col. W. D. Mann and Mr. C. Q. DeFrance. Scholarships Offered Send 100 subscribers, at full rate of one dollar each to Wat- son’s Weekly Jeffersonian; or 70 subscribers to Watson's Jes- fersonlan Magazine at the full rate of $1.50 each and you get A scholarship in The Business College of Prof. Bagwell, in Atlanta, Ga. There are three departments in the College, Book- keeping, Telegraphy, and Stenography. The choice is yours, be- tween the three. » Subscriptions to both publications may be token by those working for a scholarship—! subscriptions to the Magazine be- ing counted as equal to three subscriptions to the Weekly. These scholarships are worth $45 apiece. Therefore you see how liberal are the terms cn which they will be given as prizes. Address MR. WATSON, at THOMSON, OA. PAGE THIRTEEN