Salt Lake Telegram | 1931-08-13 | Page 1 | Third of Cotton Urged Destroyed

Salvation of of I Industry Depends Depends De De- De- De ends on Reaction to Plan Claimed B Br By Associated Press Puss W WASHINGTON A Aug Aug- 13 Chair 13 Chairman Chair Chair- man Stone and Carl Williams cotton members of or the farm board said said- today today today to- to day the financial salvation of the cotton farmer depended entirely upon upon upon up up- on the attitude of the governors Jo of the southern states toward the boards board's proposal to destroy third one of or the growing crop PLA PLAN ORIGINAL The crop destruction plan was suggested suggested sug sug- on the boards board's own Initiative It was said at the White House Howe today toda Continued on Pare Pace Five FUe I S THIRD OF COTTON U Gm DEST Continued from Page PAie One that President Hoover Hoo was not In Instrumental Instrumental In- In in drawing It up If It the suggestion meets with approval approval ap ap- ap- ap both Stone and Williams foresaw a n gain of or millions of ot dollars for tor the south The details of Instituting the plan Stone said would be left entirely with the governors What their reaction will wUl be is not yet known Stone said their replies would not be made public public public pub pub- lic here until they were all In Cotton now is being harvested In Texas Asked if he thought there was sufficient time to these forces before September 1 Stone said ald Every available agency can be mobilized very fast when commodities ties are arc bringing the price that cotton cotton cotton cot cot- ton Is now now HELD EMERGENCY Describing the proposal as an emergency measure for an emergency emergency emergency emer emer- gency situation Williams said It Is up t to the thc people of or the south If LI they want to accept a a. drastic remedy remedy remedy rem rem- edy for this situation We believe this is the proper remedy and that If 11 it Is acce accepted ted the south will be the gainer In price increases in itt addition t to savings b by reason of or less crop to cultivate and the effect this plan will wll have on future markets Stone believes the plan would re remove remove remove re- re move bales from the curren current crop and that markets would be further further further fur fur- ther benefited through the boards board's agreement to withhold stabilization stocks for tor one year