President Neville Defends Cotton Exchange Work
President Neville defends and explains the Cotton Exchange's efforts, outlining standards upheld by the organization and the importance of maintaining professional practices within the industry.
10 Mar 1913
Page 1
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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Mar 10, 1913
Page
1
President Neville defends and explains the Cotton Exchange's efforts, outlining standards upheld by the organization and the importance of maintaining professional practices within the industry.
George W. Neville, president of the New York Cotton Exchange, replies to Senator Smith of South Carolina who denounced futures trading as harming cotton producers. Neville argues the exchange is a meeting place that upholds standards, explains how futures help merchants, and outlines the system of classifications, inspections, and samples used to ensure contract delivery and price viability.
A brief weather update states fair skies tonight and Tuesday with colder temperatures. No precipitation is expected. Winds light, and overnight lows dip noticeably.
The article explains how the classification committee issues a certificate of grade and class for cotton and the Cotton Exchange Inspection Bureau pays the difference if a buyer disputes the result. It notes Germany restoring futures trading for cotton with Bremen set to reopen on September 1, adopting rules similar to the New York Cotton Exchange.
Farmerville La March 9 It is learned that the North Louisiana Electric Railway Co contemplates including Union Parish in its interurban route between Shreveport and Monroe Possibly via Bernice and D Arbonne Promoters may build a tap line to Union Parish If right of way concessions are granted it could attract the promoters to Bernice and raise interest among locals The engineer in charge believes the route would be shorter and cheaper through fertile hillside country
Alexandria March 9 A mass meeting at the Rapides parish courthouse launched a campaign to secure prohibition in the parish with Rev E O Ware named chairman of the Rapides Parish Anti-Saloon League and petitions planned for an April Police Jury vote. Tom Brennan aged sixty five was found dead on a sidewalk near Tenth and Madison in an inquest the skull base fractured thought to have fallen from an upper gallery. He was well known with no family.
The battle began Saturday morning and ended yesterday afternoon with eight hundred State troops holding Nocozari while two hundred fifty Huerta soldiers withdrew to Agua Prata. Restoration of communication confirmed the capture opens a possible road to Agua Pritta and a border march. Reports say Somora’s State government has revolted against Provisional President Huerta and raised about ten thousand troops.
Hogs thrive on gut over land while Spanish peanuts and corn grow in abundance. The report highlights robust livestock and crop yields across the region.
Prof H M Cottrell argues that six thousand hogs daily are needed by new Oklahoma City packing plants and low freight rates from Louisiana. He favors raising hogs on cut over lands in Louisiana with Bermuda grass and peanuts, noting profitable pastures and fast fattening cycles.
Louisiana lawmakers push for five of twelve federal offices with names like Murphy Foster and Jack Parker linked to posts as port collector and naval officer. The article notes Cabinet and White House discretion, ongoing committee recommendations, and land grant inquiries amid a broader patronage discussion.
Members of the Louisiana delegation deny that any formal action was taken on the issue. The terse note confirms no committee or official decision occurred, clarifying the record for readers following the session updates.
Washington hearing resumes as witnesses recount the disorder after the Women Suffrage parade. Janet Richards testifies policemen seemed in sympathy with the mob, noting hooting, jeering, and taunts from the crowd calling marchers hens and chickens.
London March 10 King George opened the third session of the current parliament after a two day prorogation the briefest recess on record. The throne speech urged powers to push toward peace in the Balkan conflict with tight security as militants threatened disruption during the king's arrival to read the speech.
Berlin reports a nation in fête marking Prussia's centennial victory over Napoleon. The Emperor led the cathedral service and reviewed a troop parade as towns from capital to villages paused business for the commemorations with lavish decorations along Unter den Linden and Friedrichstrasse.
President Wilson plans cooperation with party leaders to work on tariff policy. He emphasizes united action and bipartisan input to shape tariff reform and industrial competitiveness.
President Wilson proposes to work with House and Senate leaders to shape tariff currency and other measures before introduction. He will consult Glass and other leaders, seek unified Democratic support for tariffs, and manage currency timing amid Senate divisions. Progressives in both parties likely to influence committee control and tariff policy.
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