The Dillon herald. (Dillon, S.C.) 1894-????, October 07, 1920, Image 1
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ESTABLISHED 18D4 THE DILLON HERALD, DILL SOUTH CAROLINA, THURSDAY MORNING, OCTOBER 7, 1020 VOL. 27. NO 5
McLAURIN ON COTTON
, Hor Jno. L. McLaurin has sent
the following letter to Editor Grist,
of the Yorkville Enquirer:
The cotton growers are confronted
with a situation more serious in its
consequences than 1914?1915.
Cotton dropped suddenly then from
12 cents to 7 cents?about 5 cents a
pound. Now it has dropped from
over 40 cents to around .20 cents.
rnv._ f.ill tlmtt nf nrnnnpritV.
1U1D ill lixc 1U11 VIUAV V* ?*? vwrv ? ,
when the people of Europe are half
naked crying out for clothes.
Every year leads to a period of inflation,
which is followed by a panic.
The Federal reserve act was supposed
to guard against rapid deflation, and
it does, if carried out according to
the purpose of the act. With almost
7 unlimited power to inflate, it was
necessary to create a corresponding
power to deflate, but it was expected
that the board would exercise common
sense and justice in wielding the
. enormous powers conferred upon
them in either case.
The act itself is a grand conception
almost perfect, but it was never expected
that bankers alone should dictate
its policies, or that a man who
seems so totally devoid of practical
wisdom as Houston should be secretroaonrv
TTnder his
VOi J VI LXtg va .
policy, the price of cotton is not to be
fixed by the law of supply and demand,
but by the Federal reserve
board, through its power to ^expand
and contract credits.
Before the passage of the Federal
reserve act, our surplus cotton as
finished by acceptances or bills or exchange
on English banks. After the
passage of the Federal reserve act,
this surplus cotton has been financed
through the Federal reserve banks.
Now Mr. Houston coolly tells us to go
eltewhere. Where can we go? England
cannot carry the surplus cotton
and we have not time to make other
arrangements. For cold blooded, piti
less audacity Houston makes the
ghost of Captain Kidd envious. What
does it mean?
If Mr. Houston means suddenly to
go the limit allowed by the Federal
reserve act in deflation and he Beems
to take pleasure in making it plain,
that he does, then we must get on a
gold basis at once. No nation has been
on a gold basis since 1917, when we
^ declared war, and issued bonds which
- ? v A
^ the treasury aiiowea oanas 10 emer
as deposits, thereby increasing the
currency in circulation just the
amount of the bond issue. .
The Federal reserve act provides
for a reserve of 40 per cent, in gold
/ to protect its notes. This cannot be
done. It is a physical impossibility at
A this time, because if all the available
gojd in the world were stacked up in
M the treasury, it would not equal 40
per cent of the notes outstanding. The
Federal reserve act is a new departure
in finance and must be construed
according to its intent and purpose.
It was intended to provide credit to
meet the business needs of the country
by the creation of an elastic system
which would expand or contract
as those needs arose, and not
according to the arbitrary will of a
star chamber board in Washington.
What right have either Harding or
Houston to say when prices are too
high or too low? Money and credit
are the life blood of the nation.
They are medium of exchange and
should ebb and flow freely as the
body demands.
?v/\1 {/?! i n 4 J i? /love
uuvciuiiitiu yvav/ m uunj uojo
makes a dollar buy twice as much of
my cotton and doubles the debt contracted
in making that cotton grow.
The people of the United States
^ will never stand for a policy, which
will double the wealth of the rich
* and at the same time double the poverty
of the poor, thus repeating on a
gigantic scale "the crime of 1873."
Leaving cotton out of the question,
how does Mr. Houston expect to get
this 40 per cent, gold reserve if he
throttles our industries and foreign
trade through contraction of credit?
How are we going to pay interest
on the enormous war debt, with low
priced products and dear money? In
1915 cotton went $25.00 a bale under
the cost of production; today at 20
cents it is $50.00 under the cost of
production. No money was to be had
anywhere in 1915 until after the establishment
of the state warehouse
system, through which we were soon
able to secure 6 per cent money at any
bank on a warehouse receipt. You!
will remember, however, that in pub-j
lie addresses at the time, and re-|
peatediy since, I warned that we could
not long depend upon this source ofi
aid for sooner or., later the Federal
reserve board would fall under the
control and manipulation of nonproducers.
It was clear to me that
lav Ulliy l^ruaucui way uui nai iui |
each state to have its own ware- ]
house and banking system. What I:
said to Congressman-elect McSwain!
in my letter of a few weeks ago, you 1
will remember was only by way of!
reiteration of the doctrine that I have|
w- been preaching all along that it is'
f suicide for the producers to store cotton
extensively without an adequate
sales and financial system under their
control. |
At the present time we are isolated
from the European market because of
the prohibitive rate of foreign exchange
and this condition of affairs
will necessarily continue until Europe
can begin sending us finaished products
in exchange for raw material.
Why should we not be able to sell
cur raw materials direct to Europe
and take pay in goods? The puttinc
into effect of such an arrangement
would make cotton worth 75 cents a
pound In France today, and cotton
sold on that basis in France would
establish the price here, because as
f
GOVERNOR HARDING ON
FARM MARKETING
Clemson College, Oct. 6.?The extracts
below from an address of Hon.
W. P. Harding, governor of the Federal
Reserve Bank, should be of interest
and encouragement to South
Carolina farmers.
"Speaking for myself personally, I
desire to say, however, that I am a
firm believer in gradual and orderly
methods of marketing our great agri- 1
cultural staples. Agriculture Is the
most important of all industries, for
upon its fruit depends the lives of
those engaged in all other industries.
The farmer is a great consumer of
manufactured products and anything
that effects his buying power is soon
reflected in the business of the merchant
and the manufacturer. While
the individual farmer may be just as
well off with small production and |
high prices, the mass of the population
is far better off with full pro- (
duction and moderate prices. But
farming as a business must be re- 1
munerative or production will lang- 1
uisn. It 18, mereiore, in purutui lum
the efforts of the farmer be supported
and stimulated, that he be aided in
preserving the full measure of his
harvest and that he be afforded an
opportunity of marketing his products
on terms sufficiently profitable
to warrant his staying in the business
of farming.
Great staple crops, the production
of which extends over a period of
several months, must meet the requirements
of consumption for a fall
year and in order to prevent possibility
of shortage it is desirable that
there be a reasonable surplus held
over from one crop pending the marketing
of the next. The gradual and
orderly marketing of our great staple
crops is, therefore, a matter of
imporance both to producers and
consumers. The dumping upon the
market within a short period of time
ot a large part of a crop, consumption
of which extends throughout the
year, means not only a loss to the
producers, often to those who can
least afford it, but involves also a
great strain upon our transportation
facilities and upon the banks in providing
the funds necessary for large
purchases in advance of actual re- ,
quirements for consumption. Dump- '
ing of farm products promotes spec- ,
ulation and usually results in higher .
prices to the ultimate consumer.
Farm products, however, should not i
be hoarded or held back from the
market by use of credit merely in ,
the hope of forcing prices up to an
artificial level. It is estimated by j j
some that the value of this year's
staple crops will be around $22,000,-[
000,000, and it is manifestly impos- ,
ible for any banking system to provide
funds to withhold these staples j
entirely from the market. There is ]
no occasion to discuss the questions (
of public policy involved for it is ] j
clear that the volume of our great n
staple crops is so large and the value (
so enormous, that any efTorts to va-|,
porize them by means of bank credits j
would inevitably result in disaster!
by the operation of economic law. But j
I think that all reasonable assistance j
should be given producers to enable j
them to market their crops in an or-'j
derly way provided they are willing (
to sell enough to meet current re- |
quirements and that consumers ]
should concede to the farmer reason-ij
able profits in order that future pro- i
duction may be adequate. ; j
Open Market Needed |i
What is needed is an open market j
in which the law of supply and de-ij
mand is given free play and in which ]
buyer and seller may meet on equal ,
terms. Theoretically at least it is;
possible, if adequate warehousing fa-'i
cilities are provided, for the farmer t
to obtain the benefit of the average1!
price for the year without any in-ji
crease in cost to the consumer and | ]
wiin it?atfu^u siia.ni uyuii iittuopui-.j
tation lines and banks by distribute' <
ing the marketing process oveT a rea- i
sonable period."
o
PRICES AS GOOD !,
AS LAST YEAR,
The Laurinburg Exchange^ays: |<
If there is anybody who is blue; <
about the present price of cotton |<
they will do well to remembeer the:]
prices paid last fall. Here are the ,
actual figures for the local market i
last year: September 20, 1919, .28 !
cents; September 2, 1919, 28 1-16 |
cents; September 15, 1919, 27 cents. L
It is also a fact that considerable cot- i:
ton was sold on contract in 1919 at i:
prices ranging from 21 to 33 cents a*;
pound. This year most of the con-]!
tract prices range round 35 cents a><
pound. The cotton market has not i
collapsed yet. About a thousand I
bales have been marketed here this 1
month and the movement is gaining
in volume daily.
cotton is an export eroD such of it as
is sold abroad fixes the price at'
home.
I am still firmly of opinion that we
i will never be able to feel secure
against hostile manipulation until
each state has its own warehouse
sales and financial system. Events
as I see them, are rapidly justifying
this belief, and further I will say that
it ought not to be a very difficult
undertaking to bring about a complete
realization of the idea. Georgia,
North Carolina, Louisiana and Texas
all now have laws modeled after the
South Carolina laws, and it should be
but a comparatively easy task to bring
these separate systems into one comprehensive
irresistible consolidation.
Yours truly,
JOHN L. McLAURIN.
READJUSTMENT IN BUSINESS
CAUSE FOR OONGRATULATIO
If Corrective Processes in Trade Hi
Not Set In, Upshot Could On
Have Been Disaster, Says Writer
Philadelphia Public Ledger.
A young woman began to grow a
normally fat. She didn't have to e
ert herself to earn her living, ar
the fatter she grew the lazier she b
came. She began to have trouble wii
her health. The symptoms becan
alarming. The doctors told her thi
if she kept on gorging herself wii
rich foods and sweets and didr
buckle down to rigid exercise si
o oravn f*r
lilUttt CA^CLl kU DUitci ?. bi?Tv v?
lapse. At first she thought docto
were needlessly alarmed and she r
fused to mend her ways. Finall
however, she realized that if she wei
on her gluttonous, lazy way the troi
bles she was then experiencing wou:
doubtless lead to disaster.
So she began to consume less nc
food and candy and put forth son
effort to get back toward norrai
form. Having become accustomed I
luxury and ease, the dieting and e
ercising processes were distinctly ui
pleasant to her. She complaine
much, but the doctors assured hi
that her self-denial and painful swea
ing were improving her conditio
most encouragingly.
That young woman typifies bus
ness.
Business was gorging itself wit
rich profits and consuming inordina
quantities of credit. It did not ha^
to exert itself strenuously becaui
.hings came its way easily. The onl
competition was the competition i
Duyers to get goods.
Unnatural conditions were thi
Drought about The financial doctoi
;learly foresaw that disaster la
ihead unless business stopped gorj
ng itself with excessive profits an
experienced the healthful exercis
ired of real competition. They c<
lordingly reduced the amount (
ood?credit?supplied business, an
it became a little more necessary t
?ut forth exertion to earn a livini
Uorrective Processes Cause of Coi
gratulatlon.
The corrective processes are no
iu full force. Instead of causic
ilarm, they are cause for congratuli
Lion, because if they had not set i
ihe upsL. could only have been dii
ister.
What is happening now OUGHT t
uappen.
Almost evety recent developmei
nakes for strength.
There was grave cause for alari
3EFORE prices began to move dowi
yard.
There is no grave cause for alari
10W.
Of course, It isn't pleasant to t
?ut on a diet and to have to reduc
Medicine rarely tastes sweet. Indui
:ry is beginning to feel somewhi
hungry and financial doctors ha\
>een and are prescribing rather bitt<
loses of medicine. Instead of
ihase on the Part or Duyers ior gow
;here is now a chase lor business.
What, specifically, has been ha;
sening and what is the outlook fc
urther developments?
Broadly, finished products are fai
ng, in most cases, very substantis
ieclines in raw materials. Obviousl
this is as it should be?even althoug
t may be difficult for those directl
rffected by tumbling prices to recoj
lize that this is desirable. Certain!
no reader of these business survej
ivill have been surprised at what
low occurring, for both the necessil
ind the inevitably of falling pric<
oave been emphasized over and ovt
igain.
It took no prescience to forese
first, that credit expansion would hai
fo bt severely checked, and that thi
n turn, would check the rampart spe
jlation and force goods on the marke
Moreover, it became clearly evidei
months ago that the public was ii
:cnsed over extortionate prices an
that reckless buying was diminishim
Wide Variety of Commododities ir
Downwurd Swing.
Raw materials were the first I
break. Wool tumbled headlong. Sil
dropped even further. Rubber fell I
one-third of its previous price. Leat)
et became unsalable. Cotton persis
ed in bucking the general trend an
in July rose well above forty cen
i pound, but it also has since bee
declining sharply and December d
liveries are now quoted under twent;
four cents a pound. A wide variet
of miscellaneous materials and con
modities have for months been gra
itating away from their wartin
levels, including, for illustratio
cottonseed nil. lard. meats. mar
chemicals, coffee, sugar, lumbe
coke and even coal in bulk. Whei
is down to $2.25 a bushel. Decen
ber corn has fallen below $1
bushel for the first time since tl
wartime rise and September oats a:
under fifty-five cents a bushel. Mor
over metal industries after the
phenomenal boom, began some tin
ago to feel i.?e effect of the dow:
ward swing.
Why, therefore, should any asto
ishment whatsoever be expressed ovi
the price-cutting of finished gooi
which is now going on?
Price-cutting of goods was inevi
able. With wool sellinu at less thf
half its former price, surely it w;
to be expected that the Americt
Woolen Co.. and other manufacture
would announce lowe? prices for the
product manufactured out of tl
lower priced raw material.
Cotton having fallen ten to fifte*
cenfs per pound, there should ha'
been no surprise over the drastic cu
in goods announced by the Amosket
Manufacturing Co., and others la
THE PEE DEE BAPTIST
>N ASSOCIATION TO MEET
HERE NEXT WEEK
id
ly As previously announced the fortyin
third annual session of the Pee Dee
Baptist Association will be held with
the First Baptist church of Dillon
b- Tuesday and Wednesday, Octobei
x- 12th and 13th. The order of exerid
cises as carried in these columns last
e- week indicates an interesting meeting
th The first session will be held Tuesday
ie morning at 10:30 o'clock and sessions
it will be held in the afternoon and at
th night and two sessions Wednesday,
t't The representatives of the various
n denominational interests will be pres?1
ent to address the ' association from
re time to time. Among these it is ane
nounced that Rev. T. J. Watts, of the
y. Sunday school commission; Dr. W. T.
Derieux, of the Mission Commission;
Dr. u. A. j ones, 01 me Auucituuu
ld CommlSBion, and Dr. C. E. Burts, oi
the General Board, and Rev. W. M,
:b Whiteside, of the Baptist Hospital,
" all of Columbia, will attend. Rev.
al Maxcy White, of Greenwood, will
Lo represent the Connie Saxwell Orphanx"
age, and Dr. Z. T. Cody, editor of the
a' Baptist Courier and Dr. F. J. McGlothld
lin, president of Furman University,
-r in addition to addressing the associal"
tion Tuesday morning, are expected to
,n make addresses at the special services
arranged for Tuesday evening at 7:30.
The people of community are cordially
invited by the pastors of the
b church to attend the services. The
association covers the territory ol
e vfqriKrtPo nillon and Marion counties.
se ~ Q
7 DILLON COUNTY STANDS
31 SIX!*, IN LIS1
!? Columbia, S. C., Oct. 5.?South
Carolina Democrats have raised about
7 one-third of the amount expected by
the national committee. A general
call to speed up the collection of funds
have been sent out from State headquarters.
Every Democrat in the
state who has not contributed ia
0 urged to do so at once.
_ It is pointed out at Southrn headx'm
quarters of the party that there is an
excellent chance to win not only the
w President but the Senate.
_ The following amounts ha*e been
* received by General Wilie Jonea
u from the different counties of the
L state:
Abbeville, $6.00; Aiken, $327.00;
0 Allendale, $300.00; Anderson,
$634.00; Bamberg, $144.00; Barnlt
well, $332.00; Beaufort, $6.00 Berkeley,
$12.00; Calhoun, $216.00;
m Charleston, $353.15; Cherokee,
x. $322.60; Chester, $832.00; Chesterfield,
$175.00; Clarendon, $158. 00;
n Colleton, $5.00; Darlington, $1,138.75;
Dillon, $817.93; Dorchester,
)e $86.00; Edgefield, $250.00; Fairfield,
e< $262.00; Florence, $62.00; Georgetown*
$1.00; Greenville, $1,268.94;
Greenwood, $42.58; Hampton,
re $182.75; Horry, $178.00; Jasper, ?;
;r Kershaw, $126.00; Lancaster, $15.00;
a Laurens, $196.08; Lee, $368.00; LexIs
ington, $307.50; McCormick,
$200.00; Marion, $251.75; Marlboro,
p. $344.75; Newberry, $807.50; Oconee,
)r; $234.00; Orangeburg, $422.25;
i Pickens, $226.50; Richland, $2,1_
j 7?3.00; Saluda, $62.00; Spartaniljburg,
$1,028.00; Sumter, $604.00;
y jUnion, $64 6.25; Williamsburg,
:hj $257.35; York, $470.00.
iy1 =
>"! week.
In view of the public's tightening
's of its purse-strings, the recession in
*s general business and the downward
y I trend in steel, rubber and other ma;B
terials, the slashing of prices for auiT
tomobiles by Henry Ford and one
Ior two other manufacturers ought to
have been expected.
Price Cutting Notices in Order
??I in ine same way, me pnce-tun me
c* i statements issued by the largest
* I mail-order houses were absolutely in
1 order at this time, for the extent ot
a" the readjustment which has been takld
ing place in raw materials and in
S- trade conditions has been very sub1
stantial, as these specimen cuts announced
by Julius Rosenwald, head
to of the country's largest mail-order
k house, reflect: "Standard percale,
to from 40 cents a yard to 19 cents;
a* silk taffeta, from $2.57 a yard to
t- $1.48; sheeting from 27 cents to 15;
id muslin from 35 cents to 15; flannel,
ts.from 43 cents to 29; gingham, from
m(39 cents to 23; overalls, from $2.50
e-'to $1.48; women's shoes, from $4.98
>*- j to $3.98; Ford size automobile tires
ty from $18.10 to $13.45."
a-1 Will there be more price-cutting?
v-j Certainly there will. There are
ie still a great many lines of goods that
n, have been maintained on a wartime
iy rather than on a peace time basis,
r, Each and every one of them must
it inevitably find a more normal level
u- helped along by the transformation
a underway in our foreign trade inflow
ie and outflow.
re The outlook is for a period ol
f~ price uncertainty and timid buying
ir Merchants are always more eager to
ie buy in a rising than in a falling marQ"
ket. Moreover, consumers e in an
uply mood: they feel that havf
n" been gouged and they a onseer
quently in no haste to bu hint
:'s they can pet along withe
But looking beyond the
settled and uncertain ten
111 ditions, what can b<* discei
a" Before I/?ng Marked Will tv.:.
)[) *
rf. I know long headed financiers ann
corporation executives who are al
ljp ready arranging to contract for very
large quantities of raw material:
an which have become demoralized ir
price. These successful students o!
ts business calculated that certain ma
ip
st (Continued on Page 4.)
. k
COUNTY FAIR OPENS
OCTOBER 19T
L __
Everything Ready for the Opening <
County's First Fair Tuesday, tb
10th.
t Promptly at 9 o'clock Tuesda
i morning, October 19th, the gates t
' the Fair Grounds will be throw
open to the public and Dillon Cour
ty's first fair will be under way. Tb
buildings have been completed, spffc
' has been alloted to exhibitors an
> everything is in readiness for holdin
- a most successful opening fair.
Judge Joe Cabell Davis has jus
1 returned from Norfolk where he mad
| arrangements wuu uue ui me migc:
Ucarnival companies in the country t
' exhibit at Dillon during fair weel
! Judge Davis says this will be tb
largest carnival that ever visited th:
section of the state. The compan
[ has Just closed an engagement wit
the Norfolk fair and all the attra<
tions the company had at Norfolk wi
> be brought to Dillon.
brought to Dillon.
1 There will be two free acta dail;
- one in the morning and the other i
' the afternoon. These free acts wi
be given in front of the grand Btan<
' The hour at which they will be give
will be announced by a cner in tb
" mornings and afternoons.
1 In addition to the other 'feature
which will usually go with counl
fairs, there will be horse racing ever
1 afternoon during the week. The Di
! Ion Fair has been placed on tfffe cii
' cuit for this state and North Carolin
' and a big bunch of horses will be o
hand.
The prospects for a most succesi
ful week are very encouraging. E:
hibits are being received every da
' and the indications are the building
will be full on the opening day.
A full program will be announce
1 next week.
1 o
j THREE NEGROES
LYNCHED BY MO
Charged With Complicity in Murd<
of Well Known Young Whit
Farmer.
MacClenny, Fla., Oct. 5.?Thrt
i negroes, Rayfield Givens, Ben Giver
> and Fulton Smith, charged with b<
> ing implicated in the murder of Joh
Harvey, well known young farmer (
Baker county, last Saturday nigh
> were taken from the Baker count
- jail by a band of armed men at
o'clock this morning and lynched.
The negroes were removed to th
. outskirts of MacClenny, tied to tret
' anu shot to death. It is stated thei
were about 50 men in the ban
- which suddenly appeared at th
' county jail, overpowered Sheri
> Sweat, secured his keys and r<
moved the negroes from the jail.
Jim Givens, the negro charge
> witn actually hring the shots whic
killed Air. Harvey escaped immediat<
ly alter the shooting and is still t
large. Posses are on his trail an
> it is believed his capture is only
' matter of hours.
narvey was shot to death t
Knabb's Turpentine camp, about 1
miles northeast of MacClenny, Sa
urday night.
following the killing the negrot
> I escaped but three of them were ca]
j tured and lodged in the MacClenn
' J county jail. Although feeling ra
j high against the blacks, it was n<
;; thought that any attempt would t
j made to lynch them as the negi
[ charged with the actual killing W?
still at large.
. j However, Sheriff Sweat was awal
,'ened at 1 a. 111. today and ordered t
,jtum his keys over to the half hui
(died men who surrounded the jai
il'he sheriff demurred, but was quid
; | ly overpowered and the negrot
;j taken from the jail.
J They were conveyed out on th
'| road towards Glen St. Marys and i
. I plain view of the highway were sun
jmarily dealt with. Immediately aftt
.: tlie lynching the Dauu cnspersea, an
.j left three bodies tied to three tree
dam Duncan, another negro, wt
I found shot to death in MacClenn
,1 later in the day. This made tfc
fourth death in connection with tb
II murder of Harvey. It is not know
j whether Duncan was implicated i
, the murder.
MacClenny was quiet tonight au
i no further trouble is expected unlei
Jini Givens is apprehended.
o
* DILLON'S CENSUS DISAPPOINTIN
fi
. i There is keen disappointment ovt
the bureau's announcement that Di
;lon has only 2,205 citizens. In 191
lithe census gave Dillon 1,757, and th
i jgain of only 448 citizens not only
j disappointing but surprising to man
'who have kept up with the town
rl growth. There seem to be almoi
i < no einrn K i i ilHintrc in Di
j I. V? IK, XT CIO liiUUT OkVIV UUUUii.pu % u
i Ion today as there were in 1010 an
!a conservative estimate places the it
!,crease in the number of houses t
, j one-third. In addition to this th
corporate limits have been extende
r:and therefore the actual gain in popt
\ lation is very si will. The census dot
not take in the mill villages, whic
.have a population of about 1.000.
o
! The first beet-sugar factory w<
Iopened in Germany in 1801, but tl
. industry did not tnake much progrei
. until the Napoleonic wars, when til
Itritish navy cut off the overset
1 shipments of sugar and the routine!
F tal countries were obliged to loo
- about fur another souroP of suppl
H> 1830 the beet-sugar industry ha
got a firm hold.
COUNTY NEWS
H
CALVARY
>f
ie M. T. Wormack, of Orange burs.
was here last Friday and met wtthr. isH
y Hamer Lodge, K. of P., Friday nigM.
o at this place and delivered an excdn
lent address to the members,
l- Messrs. D. W. Bowen and A. T. Moe
Kenzie went over to Hartsville a feo:
e days ago to represent Hamer Lodge,
d K. of P., in a district convention, and
g reported a good trip with their automobile.
st Jule Smith and family, of pleasant
e Hill section, were here Sunday last,
it Joseph Herring and family, ?jT
0 Raynham, N. C., spent Sunday last
t. in this section.
ie Mr. and Mrs. W. A. Bowen woo
is called to the Zion section on Friday
y last because of the death of one of
h the tatter's aunts.
The death angel visited the htwo
11 of Mr. and Mrs. Charlie Stephens ?a
Thursday afternoon last and took to
dwell in mansions of glory their littlo
f, daughter, Elizabeth, five weeks all.
n The young father and mother havo
11 the sympathy of the community.
1 Thprp haa haon hut littlo Milan
gathered here since the storm. DMjr
e cotton and low prices are not ?W|
encouraging.
>s Mr. W. J. Hayes did not keep Ms
y new horse long, but got his peoalsy
tail mule back and he and fam^jr
1- spent last week-end in the Hamesr
r- section. Come again, Billie. WfflL
a trade you an ox. He will take jmm
n over safe.
o
j- SELLERS,
c- The following ladies have register,y
ed and are entitled to vote at tfc?
;s Sellers precinct in the coming election:
Mrs. Lucy Sellers Watson, Mia
d Nettie Barry Watson, Mrs. Margueritp
Smith, Miss Jessie Smith, Mtast /
Mattie Price. We trust that thew?men
of the country will stand logether
for the enforcement of prohtr
B bition and for cleaner politics. We
Jiope to live to see the day when it
?r \ill be truly an honor to hold & pabte
lie of gee.
Rev. W. C. Foster preached at An:e
tloch Sunday afternoon to & goodis
sized audience.
3- Messrs. Ernest Page, Pratt Watn
son and F. B. Watson were elected
if delegates to the association which,
t, convenes at Dillon next week.
y The Ladies' Co-operative Ciab> need.
1 Friday afternoon at the school bouae.
Miss Mattie Price was elected a dele
le gaie 10 iue r eueiunuu ui lutuio uu
;s October 1th.
-e Mr. Corey Watson, of Savannah,
d Ga., is spending a few daya with hiR
le parents here.
ff We were glad to see our old friend,
e- Mr. G. E. Bond, and family at Dillon.
on last Tuesday. /
d Mrs. Summerlyn, Mrs. Edwards; ot
h Latta, and Miss Carpenter, of Dilloh,
e- were visitors at Antioch Sunday,
it Mr. and Mrs. D. M. Wataon, with
d Miss Mattie Price, were visitors al
a the home of Mr. and Mrs. S. S. Turbtville
Saturday,
it Mr. Marcus Hamer and family have1
recently moved into town, and we are
t- glad to hr.ve them with us.
) Mr. anl Mts. 0. R. Edwards were.;sjin
Sellers Sunday.
)- Friends were glad to see Has.
iy I James Norton, of Mullins, in Seller*
a' recently.
)t J u
le'SAVS RESERVE RANKS
o ! WILL HELP FARMERS.
IB
| Secretary Houston Denies That lie la.
i- Opposed to Export Corporation,
o
l- Washington, Oct. 4.?Senator
1. Smith, of South Carolina, issued a
c- statement tonight sayiiig he had con;s
terred today with Secretary Houston
and Governor Harding, of the Fedie
eiul Reserve Board, and had been
n assured that the Federal Reserve
i-js>esteni would "lend all deitigate aid.
ir ui reuiscounting the paper based en.
d; cotton sent in by member banks."
s.' Tnc senator's statement said hie.
is commence bad been prompted by
iy I conllicting reports as to whut had
ie i transpired at a recent meeting be
le iween representatives of the Anatoli
can Cotton Association and treasury
n utlicials. Governor Harding, it added,
had reiterated to the senator
d what lie said to the cotton men, while
is Secri tary Houston denied that he war;
opposed to the formation of an e*iicrt
corporation by the cotton, assoelation.
"it was stated," the statement continued,
"that there was an inordinate
demand for credits from practiir
tally every line of business in Ainer1
it a; thatop^^" ->rt business was bell
ing eD^^ iced by American
ie credits 011 account of the unsatisfacis
tory conditions of foreign exchange,
y tiiese conditions resulting in an uns
precedented drain upon the financial
resources of the country, the Federal
lieserve system included."
^ Senator Smith suggested a lower
discount rate for farmers owing to
tlie time required for production of
ie a marketable crop and said Gover^
nor Harding had promised to take
1- . '. '.tt.i.. iinili.r ad viijpiiH-nt.
>s "Let the southern banks and moi''
charts continue to co-operate with
the farmers as they have been doing,-'
the senator's statement continued,
"and the problems will be solved,
is The world needs every b^le of cotton
ic that is produced and more. The
js south should not be stampeded, hut
ic steadfastly demand her price and
is get it."
i- o
k Mr. Charlie Allen, of Clio,
v. through Dillon Tuesday everting en
d route to Philadelphia to vint hit
biother. '
1