Greene-Morgan County GaArchives News.....Hoover Without Cotton Remedy September 18, 1931
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Ken Doggett kendoggett2000@yahoo.com May 26, 2005, 2:19 pm

The Madisonian September 18, 1931
HOOVER WITHOUT COTTON REMEDY

  Washington, Sept. 15. -- Efforts to solve the cotton surplus problem are 
being carried forward without the direct guiding hand of President Hoover.
  While he is interested in the subject, and has suggested an export credit 
arrangement to stimulate movement of the 1931 crop, the chief executive 
himself has not formulated a definite plan of restoring a measure of economic 
security for the southern farmer.
  Mr. Hoover's suggestion for the setting up of a credit basis for exporting 
the staple abroad was made to several representative bankers.  He discussed 
the idea last week with Eugene Meyer, governor of the federal reserve board 
and W. L. Clayton, Texas cotton merchant.
  The proposal is now the subject of further discussions between bankers and 
cotton exporters here and abroad.  The farm board, whose rejected plan of 
destroying one-third of the present crop evoked criticism and a flood of 
counter suggestions has no part in these talks.
  The president has endorsed no single plan.
  The farm board apparently has determined to limit its activities in the 
situation to attempt to bring about acreage reduction and assist in holding 
cotton through co-operatives.  It has no intention of making further 
stabilization purchases, and probably will retain its stocks of 1,300,000 
bales for another year.
  Any immediate increase in price therefore seems to hinge on the prospects of 
passing "no 1932 cotton" or acreage reduction bills in the south or the 
arrangement of credit for foreign buyers.

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CHURCH NOTICE

  There will be preaching at the Reese Christian church, Sunday, September 
20th, and will continue for three days.  Public cordially invited.  Rev. F.L. 
Shelnut, pastor, will do the preaching.

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GREENE COUNTY FAIR

  The Greene County Fair will be held the week beginning October 19th.  A 
complete premium list has been prepared by the county agent and directors, and 
everything will be in readiness for the opening day.
  Morgan county will hold no fair this year, so we will have to go down to our 
sister city for carnival amusements.  The directors of the Greene county fair 
are determined to make it one of the best ever, despite the general depression 
and unrest prevailing.

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