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RESERVE BANKS BACK FARMERS Byrnes Publishes Correspondence With Houston?Secretary Referred to Treasury Not To The Banks. Aiken, Oct. 2?Congressman James F. Byrnes of Aiken today made public telegraphic correspondence witl Secretary of the Treasury Houston which shows that the secretary in his statement of last Monday referrec only to the attitude of the treasury department and had no reference tc the policy of the federal reserve banl< svstem in discounting the paper oi member banks. The secretary advise: Mr. Byrnes that he is in accord with Governor Harding's definition of "or derly marketing" as meaning the marketing of the cotton crop graduallj The telegram of Mr. Byrnes to Secre tary Houston on September 26 reads as follows "All trade reports indicate youi statement construed as intention ol federal reserve bank not to discounl notes secured by cotton. Satisfied thi: not your policy. Statements of Gov ernor Harding in his clfeveland speed denning oraeriy mavireuu.^ was ic assuring to entire trade. If you are ir accord can you not issue statemenl as to what you meant by orderly mar keting? Any course other than thai outlined by Governor Harding woulc result in speculation by mills anc buyers at expense of producers.' Reply of Houston Secretary Houston's reply of th< 29th states: "My statement is ' I am in favor oi every legitimate effort to promote th< orderiy marketing of all commodi ties, but the government can not be < tn an nnHprtfllnno- to hold Com rrodities off the market to enable th< owners artifically for speculative pur / pcses to maintain war prices or high : er than war prices." ''In speaking of the government, oJ course, I was speaking particularly o1 the treasury. I was not speaking ol the banks. They are not the govern ment. My statement was induced by i request of people that the treasurj either deposit money in crop moving sections or that it revive the wai finance corporation activities. Eithei of these things would necessitate tht treasury's borrowing more money al the high rates at which it is now borrowing to meet current obligations, It has no money to deposit except foi government purposes. The war finance corporation would only assist in financing exports. This power was given at a time when it was fearec that exports would not go forward, Exports have increased steadily tc enormous proportions and are now running at the rate of over $8,000,000,000 for the year. Could Not Borrow. "Obviously the treasury would not be warranted in borrowing money to further stimulate exports or to deposit for lending purposes. The treasury should not be in the banking business, It may interest you to know that sis times as much is being rediscounted in certain reserve banks for crop moving sections as has ever been deposited in such sections by the treasury. There is no conflict between mji statement and Governor Harding's. He was speaking for- the reserve system. I assure you that I ,am in favor of the orderly marketing of all commodities. Governor Harding asserts the same. The banks are lending more money today to agriculture and industry than has ever before been lent. I have repeatedly expressed myself in favor of orderly marketing and of the promotion of cooperative marketing among farmers. I do not see how I can add anything to the statement. My insistence on the desirability of orderly marketing is pointed by my statement as to the unwisdom of enterprises holding commodities off the market artificially for speculative purposes to maintain wai prices or higher than war prices. J assume that the great mass of the . people of this country would recog nize not only the unwisdom but the illegality of such an undertaking." No Danger of Panic. In publishing this correspondence Mr. Byrnes stated he was satisfied that the speculators know that the secretary of the treasury was stating the policy of the treasury department and ret announcing any change in the policy of the federr.l reserve bank system, but that they trte statement of Mr Houston to i aid the marAft, and frighten producers into selling their cotton. He stated "Governor Harding has time and again stated t'lat the federal reserve hoard will aid member banks in furnishing the ] ; money necesary to orderly market the crop. In his prepared speech delivered , at Cleveland he defined "orderly mar-J' keting" as covering a period of I months and in his statement of Sep-: tember 15, which appeared in the: Richmond Dispatch he said: "Every j ^ , reasonable assistance will be granted! ' ^ . to the banks in this section to marketi i the crops gradually." Secretary Hous-| ^ ton in his telegram says he is in ac-| . cord with the view of Governor Hard-j' 1 ing. Member banks stand ready to as-j1 ' 1 sist the producers by lending money I on cotton stored in warehouses andj* the federal reserve banks stand ready j1 ^ to discount such paper for member! I banks. There is no excuse for panic. IA Producers should follow the advice;/ of the American Cotton association. ^ i DEBT OF THE NATION ( REDUCED IN SEPT. { t >! l | Debt Is Now $237,415,995 Le?s,1 $24,087,356,000 Than It Ha? Been?Total Debt I 5' Washington, Oct. 3.?The nation's J gross debt was reduced by $237,i 315,995 in September, according to . figures made public by the treasury ( department. t Most of the reduction occurred in . the floating debt or issues of certit ficates of indebtedness. Outstanding |1 certificates now aggregate $2,347,l 791,000, which is included in the , J total gross debt of $24,087,356,000.: At the time of the income and ( > profits tax payment, Septmber 15,! I nearly $650,000,000 in certificates! f of indebtedness matured. Simulta- ( j'neously, a new issue of $450,000,- 1 - 000 was offered. Tax payments pro- T i vided funds to meet the* differences < - in certificate issues. 5 ; Government receipts for the - month totalled $911,000,000 while I i - expenses fell below $500,000,000. 1 i This difference which was larger < f than usual was explained as due to- < t a decline in the demands for funds;) F from the railorads under guarantee < provisions of the transportation act. ] | I i Officials said, however, that the ,: r same ratio between receipts and ex- j i ; penditures probably would not be | < : maintained next month. They expect i r the railorads to come in for larger I > sums, as they will have made a final t t accounting of nrofits and losses for: \ -/the six months over which their earn ! 1 I I .'ing were guaranteed by railroad ? : law. 11 | As soon as this accounting has, been made, the interstate commerce j commission will pass upon the claims I and the treasury will then be called ! . upon to make final settlement. j > Treasury officials would not esti-j ' mate todav the amount which they; I ' : expect to be paid out under the j I guarantee provisions. J i i : WILL RECOGNIZE \ GOVERNMENT OF MEXICO SHORTLY! II I I.j Washington, Oct. 2.?The exist-1 : ing government in Mexico his dem-1 I onstrated its stability and will be j 1 recognized by President Wilson! within the next few days, possibly; tomorrow, it was learned today. It ; I 1 r is understood that the state depart- \ ^ ment has recommended such a course. 11 i c Great Britain, it was learned, will I receive Senor Covarruvias, Mexi- . I j can ambassador to that country, to- j morrow. France, Italy and Japan | ^ have never withheld recognition. j j ! With recognition of the La Huerta j ^ government, Iglicio Calderon, .the! I c I present high commissioner for Mexico, will automatically become am- j bassador. 1 r j When Gen. Obregon, president-! ^ elect of Mexico, takes office Decern- j ber 1, he will thereon fall heir to a x i t government recognition throughout , the world. American oil interests u with extensive holdings in Mexico y have been active among the advocates of recognition of this e-overn ! ment. r To Adjust Claims j a i The first important move that j g ' General Obregon proposes to make, 11 , it was leaned today, will be the ap- a 1 pointment of an international claim j commission, which will adjust all $ . claims held by foreign nations j a against Mexico as the result of the j 0 past eight years* turmoil. j j It will also settle all debts incur! red by the various Mexican govern-1 p ments. I : j One way to remove paint is to sit t down in it suddenly and then get up, 8 again. j e BREEDS COTTON TO RESIST WILT -lorence Man Announces Success Of Experiment?Many Tests Made. Florence, Oct. 2.?The successful jreeding of a wilt resistant cotton, vhich will meet boll weevil condi;ions, is announced by Dr. L. 0. j tVatson of Florence, who repre- j ;ents the United States government! n his scientific research, experinent and effort, covering the past ;en years. After a decade of work, ;his expert, who, at one time had :harge of all the wilt resistant investigation and control work of the Jnited States, has produced a plant | vhich has been proved by trials in nany Western and Southern states >n wilt infected lands under sever:st boll weevil conditions to meet ;he requirements of these twofold jests. As briefly stated by the breedet, his new cotton is a hybrid of the iamous Triumph cotton, which enibled Texas to continue growing ? 4-V>? nnnoofo?no r\f +VlO ;ULIA/II ax LCI I/XIC a^gaiaiivv v* v*.^ joll weevil in that state from Mexi:o, and of the Dixie variety, vhich was one of the earliest and nost successful strains developed by ;he government to overcoine the sotton wilt. It is named the Dixie rriumph. The first attempts at breeding were made by Dr. Watson ;en years ago on this cross. Since ;hen all efforts have been centered )n a production true to type, comjining in propoer proportion the :haracteristics of each of the origilals. The result today is an early /ariety, of medium size stalk, exceptionally large bolls for wilt re sistant cotton and a good yielder. All these experiments and breedng efforts have been conducted on the place of the late J. C. C. Branson, about three miles from Florence. Mr. Branson tended to the' growing end of the business till his' ieath this spring. Incidentally, Mr.; Branson achieved such noteworthy | ind commendable results in cotton improvements that Clemson college | conferred upon him the diploma of ; nerit, of which it has issued less 1 than half a dozen, in recognition of I :he benefits he had produced for J Southern agriculture. Dr. Watson j landled all of the breeding work j and of late has had associated with lim E. E. Hall of Clemson college, i Tested In This State. In 1917, when the breeder made lis first general tests of his new' jreed in South Carolina, his seed | were planted on 409 acres of wilt j rfected lands. At 28 "cents perj Dound, thfc users of these seed esti-1 nated. bv careful theck on their' :rops, that the increased production j ilone brought them in $127,120.12., }r. Watson has not tabulated any' nore recent reports on his seed in! his way. However, he has had them j ried out in Georgia, Louisiana,! Arkansas and Texas, where both I i veevil and wilt have been most j lamaging, and the general results' eported have been increased yields' >f from double to four times any ?ther varities. Clemson college has' ried out this new variety and re-J >orts it as one of the best yet pro-(| luced. 11 In instance and typical of the >erformance of this variety, when )r. Watson began his experiments lere ten years ago ,the land on the Jrunson place which he selected or his work was yielding less than a luarter of a .bale to the acre and ome seasons the production was ony one bale to ten acres. Today he is l ticking a bale to a bale and one-lialf o the acre and is striving to incease his yield even more. In this connecion, Dr. Watson selected the place if Mr. Brunson's because it was so tniforraly and severely infected rith the cotton wilt. Regarding the credibility of the reeder, Dr. Watson had chief diection of all the investigation nd control work of the United States department of agriculture for en years. He engaged in this work mong the earliest of the exports., Tf? was thp first, natholocrist sent to Arkansas when this disease made its ppearance in that state. He develped control methods in Texas and Louisiana also. Generally, Dr. Waton is regarded and reputed as probably the foremost'cotton wilt uthority of the United States. In vidence of his standing with the o breed his new variety, the gov;overnment when he located here rnment turned over to him abso lutely all its wilt resistant varieties^ of seed, all of its information on the subject, and has stood behind him in his efforts. Wilt Causes Large Loss As an authority on wilt. Dr. Watson says this disease causes the largest loss of any other disease to the cotton crop of the United States. With the addition of the boll weevil, ' one would expect this loss to be increased very materially. The government itself officially says that only wilt resistant varieties of cotton, combined with rotation of crops, afford any measure of control of this disease. In simple terms, wilt is a soil fungus, which propogates in the water channels of the cotton plant, stopping them and preventing the plant obtaining its supply of moisture. Thus it wilts and dies of lack of water. The wilt resistant plant is immune to these organisms. However, heretofore it has been a slow maturing plant and not so heavy producer as other varities. Dr. Watson believes his Dixie Triumph has overcome both, of these objections. Dr. Watson is engaged now in the production of a wilt resistant long j staple variety, which also will meet I boll weevil conditions. He has made j or?r?rmtofrino- hnf ic nnt \ ready to announce its creation. He is ] alsc f.oing some other work in in- ] creasing the yield of the wiltless ! variety. He is also breeding a Dixie- ; Cook wiltless boll weevil variety. This is the first year Dr. Watson j will permit any of the seed of his j Dixie Triumph variety to be put into the market. He will have about | 10,000 pounds which he proposes to dispose of possibly thruout the cotton growing belt. However, at this stage of the game, he is more interested in the production of his varieties than in any seed business. The production of this variety in Florence county, adds another achievement in the cotton world to her record. Attesting the fame ofFlorence county as a cotton producing section, . within the past two months, three different parties from the far Western arid Southern states have come here to see first' hand how Florence makes cotton. J These three parties combine 250 men. A fourth party is forming now to bring 150 more farmers. vvvvvvvvvvvv . ! V V V ?SEE? V V HUMORESQUE V| V ?OPERA HOUSE? V ^ FRIDAY and SATURDAY V1 V CHILDREN 15cts. V V ADULTS 35cts. V i 3 ra ra ra ra ra ro ra ra irD ra ra fin rorsi rara ffs nil 13 no n?j rfD fni fHi rni fiD i "Going I Scllc 1 We offer Clothing, rp] iery, Rea cost and 1 Ever] Merchant stc ) W.R. a Grei a a a ~ a a Fixtures For Sale a I5JSMSMSJSJ5ISMSJSJ3MST2MSI5?3MSJ3JS?S DEFEAT OF RUSSIANS SEEMS BE COMPLETE Fleeing In Disorder To Escape Capture By Poles?Poles In Close Pursuit Warsaw, Oct. 2.?The defeat of the Russians on the Polish northern front seems virtually complete. The Soviet troops are reported fleeing eastward in disorder in an effort to avoid being surrounded by the Poles who are in. close pursuit. The result of the Polish victory is declared by the military experts as eliminating any chance of the Bolshevik launching the fall offensive which Trotzky was credited with planning to drive back the Poles from the territory they occupied after the failure .of the Soviet attempt to capture Warsaw. The advices from the front report that one Russian division surrender!j ~ A PLAN Containing 300 Acres, on Sn beville; level, productive, wi plenty of wells and outhousi good state of cultivation II FOE to a purchaser on acceptable whole, or divided into tracts c 11 each. For Price and Terms, appl Mrs. J. F. Thornto iL p '.ittiiitiiitrtiiitiiitmitniitriiiMritiMiuitiiraminiwintmittmimimuniiuiaimiinniMNimnmiHnt ihuiiiiiiiNittiinMiiiHiiiiuiiitiimiuiiiiiiiiiitnmtiiraiiiiniittnmtiiittiimiunniinnuinnnniiimniti PALMETTi Palmetto College offers tl jj; raphy, Secretarial, Type counting and kindred bn :j: Palmetto College gives y Free Employment Depar calls for trained executiv |j|, in the South. We fufni business colleges with ' struction. New equipmei Day and Night School. I can complete the prescr ji> Palmetto College in less ed in any other school, scnts every state in the Pennsylvania. The reas known everywhere. Address, Box 65, Varn or Box 173, Orangeburg Charleston, 3. C. The School That's We Pay Your Railroad PALMETTi v/S/VN/syS/N/N/N/S/S/S/^N/S/>VS/SVS/S/Sr>/S/syN/S^*^V^>^>V>V^VN 2JSJ3J3J3J3ISI3J3J2J3J2I3J5M3M3MSJSJSI3MSJS Hut a( RI VUl VI 1/1 Now Goini * our entire stock of D Hats, Shoes, Underv ? idy-to-Wear, and M ess.. fthiog Must Be s, you can replen >cks at less than toda; wholesale orices " X Anderson en wood. South Caro ed to the Poles after having murdered all the commissaries with it who tried to compel the troops to offer resistance. Tonight's communique declares the Bolsheviki all along the northern front were whipped unmercifully much to the discouragement of their commanders. The commander of the third Bolshevik army committed suicide, it is asserted, when he realized that his command had been completely smashed. In giving details of advance the communique reports that the Posen troops sweep ing easwaro ioor wie railway junction of Baranovitichi, north of the , Pinsk marshes, the key to the German trench line, with a quantity of war material was aken. This afernoon's reports ^how that , the Poles are less than 35 miles from Vilna, the Lithuanian capital and their advance is continuing. T A T I O N ake Road 6 miles from Abth several Tenant Houses* ss, plenty of wood, and io| SALE terms. Will be .sold as a >f One Hundred (100) Acres y to n, Abbeville, S. C. t . iiiiiimiiimiitiniHiHttittttiiiiuiuuirtiiMiiiiiiiiMintiNrinniinituiMtiNMiiiuiiiiMMiMMiiifmmBraaimin ??????????? 0 COLLEGE J / M horough courses in Stenog- ;i; writing, Bookkeeping, Ac- jj: anches. A scholarship in :j: ou a membership in our tment. We receive more ij; res than all other colleges j|? sh all the old established j|; teachers. Individual in- j; nt. Experienced teachers. :|: ^sitions guaranteed. You ; : ibed course of study in j > than half the time requir- < j Our student body repre- : i South and as far east as I ; v on is Palmetto College is1 ij: si < * . j: ville, S. C (Mother School) . S. C. or Wentworth St., i I . | Known Everywhere. Fare to Palmetto Collegei ' -r O COLLEGE **= ramfTnramrsimrarararararararararararararararannraramp iL-n?it?? jsiness" j y On I 'ry Goods, | rear, Hos- I. V ilKnerv at 1 Sold I ish your I &Co. lina. [:i Store For Rent jj J2MSJ5JSJSJ5J3/5f5JBJSJSjSJSJBJ5J5J5J5J5EJ5I5J5J5IB