Salt Lake Herald-Republican | 1918-09-15 | Page 17 | President's Right to Fix Prices Denied

PRESIDENTS PRESIDENT'S RIGHT TO FIX PRICES DENIED Washington Y Sept 14 H.- H. Senators 14 Senators and I representatives es from front the southern growing cotton states at conferences I toda today named a Joint committee to protest pro test to President Wilson against the fixing of ot prices for raw cotton colton An effort eUort will be bo made mado to arrange for a conference at nt the WhiteHouse White House Mon olon day rh The meetings meeting of ol the members of or Congress resulted from the formal Lerma I announcement announcement announcement an an- yesterday et b by the thc President that basic prices for the various arlous grades of or cotton wI will be fix fixed eel It If this should hould bo be found round necessary after atter the committee com corn to be named Iv ty the war In Industries industries In- In board has completed Its investigation In In- atlon Into the general cotton situ situation sit sit- u Cotton broke sharply sharply- on the exchanges ex cx- chan changes cr e today today- a as a result of the Presidents President's Pres Pres- Presidents President's ident's announcement but later there was a considerable r recovery coven Senators Senator participating In In Inthe the conference conference con con- ference today t said there Is no authority authority author author- It ity for the President or an any go govern meat ment agency to fix prices and that this authority could come only from Congress Congre s. s They added that Con Congress had no Intention of ot enacting such legis legis- lation The Senate committee Is composed of or Smith of or South Carolina chairman Smith of or Georgia of or Louisiana Louis Louis- iana Sheppard of oC Texas Simmons ol ot North Carolina and Underwood of oC Alabama Alabama Ala Aln bama On tho the House House- committee arc are Young of or Texas tl chairman WIngo Ingo of Chandler of ot Mississippi BeHof Bellof Boll Bell i of Georgia and of Oklahoma