"Why the cotton industry has to be controlled has already been ex: published plained a pamphlet recently by the National Economic i Council. As we examine into the felual conditions of the cotton industry to-day and attempt to appraise its future, we see foreign fils progressing by "leaps "and bounds' while on own mills, for various obvious reasons, have lagged far behind. The distance be-{ween the two, in. terms. of econo-mie development, is increasing day by day. and with a state of over supply. ina country, where produc: tion is known to be woefully' in: fullefent, It is surely social unhealthiness and. industry decay. If this is allowed to go on, the future is indeed too appalling pictured.
however, we have no time to concern ourselves to-day with one past ertorg and responsibilities. "If we are willing to rouse ourselves by a united effort between the government and the people towards! remedying the situation, T dare say the future ix not, entirely hopeless. 'This, therefore, is the reason be hind' the government's move for control of cotton with the ultimata aim of rejuvenating the whole in-
The Commission's Ta sincerely hope that you will on the one part stutly our past and the other part, to prepare the road forthe cotton industry to travel along in the future, How make this "road" and how to plan. for, its maintenance. and con Xinity' is the task before your Commission, If the members of your Commission by a. full, major. iiy''agree that a certain' plan will provide a way for the Cotton industry out of its abyssimal darkness, T pledge you the full <upport of the government in defraying' the necessary expenses.
The Government ig firm in its intentions to carry. out ite. programme of economic. development ud. if you should meet. with any obstacles on the Way, you can rely fu metodo. my utmost to smooth them for you, "Tam confident that the members will, do. your this. great task of saving the people and. rehabilitating the country "and earnestly hope the mill owners and the people will also cooperate. in this great scheme of economic. development "In conclusion, I bring to you the the greetings of the' National Economic Council and wish you every #uccess your work
Text read from the printed page and cleaned; old type leaves the occasional error.