Beaver County News | 1926-10-29 | Page 2 | Plan to Retire Cotton Surplus

Plan to Retire Cotton Surplus . New York The special committee appointed by President Coolidge to consider ways of aiding the cotton farmer' is considering plans to ratire ': 4.000,000 bales of cotton from the mar- ket for a considerable period, accord- j ing to John W. Jay. vice-president of the New York Cotton exchang?. He is a member of a committee appointed by the exchange to represent it in attempting at-tempting a solution of the problem. P,y so doing, the price of cotton could be protected, in the opinion of the committee. com-mittee. Arrangements would be made for government loans on properly warehoused and protected cotton, and pressure would be brought to bear to reduce next season's acreage.