F Al |\^| F R*^5L^ OA A Regular Weekly Feature for the Farmers of Anderson and") /^kVJ ? adjoining Counties. Contributions for this page gladly received. Facilities Now Ample For Financing Cotton WAREHOUSE COMMISSIONER SETS OUT LOAN VALUE OF STATE'S COTTON RE CEIPTS SAYS HOME BANKS CAN SAVE THE DAY Telia of Interviews in Wash-^gton and New York?Exhibits Let ters From Reserve Board? Farmer's Note Eligible for Rediscount at Richmond. "Now this moans that we have two avpnues of relief: First, the Wado loan fund ($135,000,00); second, the discount feature of the i federal re serve act," said John L. McLaurin, State cotton warehouse commissioner yesterday, in discuBsing the result of a trip to Washington and Now .York. "In both " cases the situation 1b squBrely- up to the banks in South Carolina. Tho federal government of fers the machinery; if wo fail to take advantage of the opportunity, we are responsible for the consequences." Mr. McLaurin has prepared a statement which defines the attitude of the* federal reserve board and oth ers toward South Carolina's cotton warehouse, system. The statement follows: I am making this statement in re sponse to numerous inquiries as to how much money may bo obtained on State warehouse certificates, and you can hand inclosed copies to your local banks and other. interest ed. When in Washington I visited treasury officials and conferred with PICTURE FRAMES made to order, 50 new patterns to select from, expert workmanship. Give us a trial order. We can please you and save you money. Green's Art Shop On The Square* . Nansdta's PtVscription. Try a - bottle o? Nanzoita'e.Pro scription for/impure blood, kidney, liyer and stomach. It has pleas ed hundreds and thousands, ,why shouldn't it please ,yon.. Doctors and druggists claim it can not be improved u?cr, for what it Is re commended. Sold and guaranteed by ail lead ing drug stores and the Nans?t? ta Medicine Company, 114 Coffee St, Greenville, a a Pone U16. . Are You 1 Ate your wall* and floori they heed come of our i make them a ??urce of p : brighten up your home t< members of the reserve board to I whom matters relating to cotton are) et-pecially referred. I will make a clear statement, just as I see it, because our people need enlightenment' on financial matters more than on any other subject. It this question I1 to be settled toi our advantage. It . 'ist be on sane' business principles. Consulted Mr. McAdoo. On November 17-1 addressed a let ter to Secretary McAdoo, setting! forth the terms of the warehouse and | acreage reduction acts, calling spe cific attention to the former, viz: "1. The title of the cotton Is made absolute to the holder of a Stute j warehouse receipt. "2. The weight, grade and condi- ! tion of the cotton are guaranteed by the State of South Carolina. "3. The identity of each bale 1st fixed in the receipt so as to prevent ' substitution. I give a heavy bond, j and bonds are exacted from man a-1 gern, weighers and graders. "4." The State grants holders of receipts permission to erstand estab lish rights under s?me. This right docs not exist even as to State bonds, as they can bo repudiated and the hohler can nut sue the ?t?te." I asked Secretary McAdoo if "a farmer's note indorsed by his lien merchant and accepted by a member bank, would be discounted by the federal reserve bank at Richmond." I sent a copy of this letter to Senator Tiliman and a copy to Congressman Lever. The following letters aro self-explanatory: "Washington, D.'C. "December 4, 1914." "Hon. John L. McLaurin, Columbia, S. C. "My dear Senators: I have Just re ceived the inclosed letter from the! reserve board, which explains itself. I had to write Secretary McAdoo again before I could get a reply, but I suppose this was due to the fact that they were figuring Just what; kind of answer to give. If I can | you further let me know. "Very" truly. "A. P: LEVER." Reserve Board Replies. "Federal Reserve Board. "Washington, Dec. 2. 1914. "My Dear Congressman: .Your let-1 ter of November 13 addressed to Sec retary McAfee was ^e^^^?e^?~tc and'} has been considered by the federal reserve board. In this letter you ! transmitted an inquiry from Mr. John L .McLaurin, State warehouse com-1 mission, for South Carolina', asking whether notes and securities describ ed therein would be eligible for -re discount under the provisions of the federal reserve act. "In. reply I, am having, forworue? j you .today copIes__of all regulations Issued to dato by the federal reserve board] relating to paper eligible for j rediscount by federal res or vb banks. " ' "You will, of course, understand that the board can not consistently make ruling on the subject of the. eligibility of any'paper unless the request for such ruling emanates from one of the; federal . reserve tvintts. ' The general regulations' of the board, are designed' to Inform both'the public and the banks what qualifications the paper must possess In order to' bo eligible.. These regu lations having been Issued, any. inter pretation of them must be based up on a- concrete; case growing, out of en application for rediscount made to a federal reserve; bank. You -will, of course, appreciate the fact that this coures. Is'- nsoessary to avoid confus ion and to Insure a. systematic and expeditious hand ling of applications: "Respectfully, "C. B.' HAMLIN, ' "Governor.'? Hon A. P. Lever, "P \ "House of Representatives, ' Wa*blngtdft.D.:C." ovombor 26 for Wash Ortst fun Mon ? on the- /foiUjwing communicate with nie, in. j tmskta and wallpapere to ''We:Know How*' New York. On the following Tues day I heard from Mr. Harding, as fol lows: South Carolina's Leadership. "I desire to say that at this meeting yesterday the board discussed the cotton situation at great length, iH reported what bad been done in Sooth Carolina and the individual members of the board were greatly interested. .* am sure each member of the board Il Riad to koow that your State has takeu the lead In so progressive a measu.j." ' On my return to Columbia I ad dressed the following letter to Mr. Harding: * "Columbia, S. C, Dec. 3, 1814. '.'Mr. W. P. G. Hareng, Federal Re serve Board, Washington, D. 0. "My Dear Sir: I thank you for your letter of 1st lnst, addressed to me, Imperial hotel, New York city. "I find many lnqr/rles awaiting my return and I would like to get the following Information: r- ? f-v^V'B ' "If a note, with -State warehouse receipts as colateral, is given by a farmer to a merchant for advances, and the note is indorsed by the mer chant and accepted by a member bank, is such a.paper eligible for dis count under section 13 of the federal reserve act? . "I would greatly appreciate also any information that you en give me as to the loans contemplated by the Wado plan. It seems to be under stood as little by our bankers as by farmers. . . "Yours truly, "JNO. L. McLAURIN, "State Warehouse Commissioner." > Farmer's Note Eligible. - Tho folowing' is his reply: "Washington, December 4, 1914. "My Dear Sir: Replying to- your letter of the 3rd lnst. would say that it ls the policy of this board to refrain as far as possible from reply to in quiries as to what constitutes paper eligible for discount under section 13 of. the federal reserve act. .Tho board has issued a circular on the subject which hap been published and whlcb 1$ in the bands of all of the federal reserve banks and the board greatly prefers that'direct inquiries should be made to the officers of tho respective federal reserve banks and I would re spectfully suggest that you' refer in quiries to tho federal reserve bank of Richmond. I have, however, no ; ob J^ttea'to itstifi'g, es a s??it?r o* per sonal opinion,' that notes given >y a ! farmer to a merchant for advances and indorsed-by the merchant 'and discounted with a member hank are j unquestionably eligible ; for redis count, . upon the indorsement of the member bank, with a federal reserve bank. "In regard to the cotton loan fund, jT * X\m ?t . cot ten -, I Gen cornrn * te?s have been appointed in the va rious States and the South Carolina committee Is as follows: Pi G. Rhett, chairman, president People's 'Nation al-bank, Charleston; Henry Schachte, president Germania Savings bank, Charleston; E, Hi; Pringle,. Jr.^vice president Bank of Charleston, N. B. A. ; E. W. Robertson, pr?sident . Ns>: tlonal. Loan and Exchange bank, Co lumbia; C. G. Rowland, pre&ldent Bank of South Carolina, Sumter, and John M. Kinard, president, Commer cial bank. Newberry. "I; inclose for your' infornation en unofficial analysis bl tho plan which has been substantially folio wed .in the completed draft and also1 a typical bank statement showing 'toiir a bank can ease itself by participa ting .in th? fund and place Itself 1n ^position :U> discount more freely all Masses of good paper that may be o? ?red to it m? "Very truly yotr>, "W. Pi O. HAjfelNG, "Member Federal Reserve Board. , "Hon Jno. L. McLaurin, State Ware; bouse CommlSsl?her. ?Columbia, S. C." Two Relief Sources. tiNovr, this means that wo have two avenues of relief : /1. The Wafle loan fund. 2. The discount feature of,the fod erai ^?"?"ve it* v. tu both , cases th? -situation Is squarely Up to the banks in South Carolina. . Tho federal government offers the machinery; it wo fail to take advantage of *ho opportunity we ara responsible for the consequences. I bave be?n carefully over the pa-, poro sent me by Mr. Harding and will endeavor to explain them so the aver age man can understand . ' ft ' Tho Wado plan, contemplates a loan tor a loan committee in each State who pass upon applications and they will noon raako some announcement as to South Carolina. -1 found in N6w secretary of- the treasury that ..the j?fetthu. 'was compioto had a steady ing effect on the market and created ggjetfer feeling in financial circle* tin *Srt?^BBODHRBHBHBBBHBBSflBB An ExamplA. ? 1 In order, to I17.ustrate.vthe operation of the Wado plan. I will, suppose the case of ? farawr- who has just writ ten to me that; h? ha?-6?f>:;ba?a^.o? cotton in ? State warehouse and de sires a loan of tlC.oOG. Mr. Harding said that"pne of the difficulties ?iat I pa was etpertericing was the tk\a qI r the .cotton and weights and gr4deij-r ItbV:.'OSAka .were objecting.to>[msfal no tronble iut South Carolina, as , our Btsio recel?t;, v^r*' >^?jgfct and grade, Supfrloafng than the ?00 ?baie* average middling and 6#> pounds in weigit 'rTh*^r?c?IpU'i-ir??I?t.t??.?t Cached to. a note for $15.000: 53,750 Commen?ai a LARGEST COTTON CROP Production Exceed* Any Crop Ever Grown, But Its Value ' Will Be Far Lets. (By Associated Press.) WASHINGTON, Dec. lO.'-The Unit ed States this year has produced the greatest crop of cotton In its history. More than sixteen million bales, or 15,964,000 bales of lino cotton and Unten cotton, unofficially estimated at from 600,000-to 650,000 bales, consti tute the crop. Last year 14,342,867 bales. Includ ing Untere, were produced and in the previous record year, 1911, the pro duction was 16,250,276 bales, includ ing Unters. The production of iint is estimated at 7.637.113.O00 pounds or 69,500,000 pounds more than in 1911. While the. production exceeds any crop ever grown Its value will -bo far less, and smaller than any other year during the "past five. Based on the average price of 6.8 cents a pound on December 1, the lint Is worth $519, 684, while last year it valued at ?887,160,000. The estimated production by States follows: Virginia 24,000; North Carolina 950,000? SS?th Carolina 1,500,000; Georgia 2,650,000; Florida 75,000; Ala bama 1,600000; Mississippi 1,275,000; Louisiana 460,000; Texas 4,600,000; Arkansas 1,040,000; Tennessee 365, 000; Missouri 76,000; Oklahoma 1, 250,000; all other States 52,000. New York Cotton NEW YORK, Dec. 10.?The govern ment report estimating the' cotton crop of this year at i?,96C,000 bales, excluding Untres, exceeded average expectations in the'local cotton trade. European Iioubcs were heavy sell ers, whlla; there was liquidation by recent investment buyers,' - The mar ket closed barely steady at a net de cline of 12 to 17 points. Trading was quiet before the re port wan issued, ond after opening at an advance of 2 to 3 points prices worked aboot -2'to'Y points net high er, o? covering by' yesterday's late sellers and a more favorable view of the war situation, but the market showed Uttle trading feature until the break.In the last hour. Closing pric es were the lowest of the day Spct cotton quiet; middling uplands 7.40; Gulf 7.65. No sales. Cotton futures closed barely Bteady. Open high low cIob January .. .. 7.16 '7118 7.16 7.02 March .'. 7.36 7.88 7.16 7.17 May .. .. 7.63 7;66 7.35 7,36 July .. .. 7.68 7.74 7.50 7.60 October ., 7.94 7.98 7^6 7.76 New Orleans Cotton NEW ORLEANS; Dec. 10.?The gov ernment's estimate of a record breaking cotton crop this, season caused a break of 22 to 23 points In the prices of most actlvo future months on Ute local market today. At the : lowest,. prices were' 16 to 17 pointa under yesterday's final quota tions. , Th? dose was at a net loss for the day of 12 to 17 points. The market acted short all day and gossip on the floor late In the session was to the effect tj\at-if th? short in terest had beon smaller more soiling would have followed the estimate and th? break'In prices would have'been wider. Spot cotton quiet Sales on the spot \Bii:U> irrlvV-I^?O.: ' ?*ry'' Cotton futures closing: . Janaury 6.92; March'7.03; May 7.21 ; July 7.40; October 7.6t -r-*>? , Liverpool Cotton J UVBKPOO?s?^T?Oi'-^'on. spoV 1 qc?et; prices easier? Amerhan mid-' " pi'fwlr S.24; tgobd mloWsg i*0?, ddilnt 4.34; low middtl j,t 3.SST good o?Hnary . 3.23 ; ordinal y 2.7$.-' les 6.0 W -bale* Inel?dlnr S.100 ^uwr^^ari' and ?.O00 for speculation.'' and exportv Receipts lO^rbaiesy ri6 American. ; ' Futures closed steady. May-Jdae'ti 4.?0; Juiy-AUgOAtt 4.18; (>ctober,-Kd-Jj 'vetnber;4.26; Jan.mrr-Febrpary 4.31. Ii ; '&?TWI YORK, JDcc, 10,-^Cptton oeed oil started ?teady but later broke sbatrly under the bearish government report on cotion i8t Corns . December. 62 3-4 j Hay . . /. 08 7-81 Oats: December ..$. ... 46 7-81 May .... 518-8 Cash wheat No. 2 red, ? 1.15?3-4; No 2 hard $1.151-4 ?1.16. Corn, No.'2 yellow, 6391-2. Oats, No. 3 whlte^47?3-4. Live Stock CHICAGO, Dec. *0:?Hogs lower. I Bulk ?7^7.20 ; light 58,70#7.40; ?nlx Bd .. 16.80?7.40; heavy * $8.7697-40; rough $G.75@5.90; pigs $3.2507.40. Cattle firm Christmas beeves 11? j 13 ; native steers ; $5.70 ?10.85} - wes tern steers ' $5.2698.40? cows and I iielforo $3.2598.60; calvew $0.50? j ?.26. ........ Sheep strong. Sheep $6.4090.50^1 yearlings ?5.G0?7.75; lambs $6.759 j ?.65, ^ < . MARKETING IN SOUTH CAROLINA I C^^nson College to GivO Market-1 nig Facis Each Wesk From Every Ccunty in the State. : " "r (Statemon of W. TT. toni ?f d?monstration taough fact about marketing condi-1 S?P P^PlIha. T^ bar to marketing progress is that on* corner of ,?ie\staie is juttatfy 'S&Mt W?|p, wbat another Is paying for cot ton seed or po*k or corn or boof or} buiter or t?ny* Other products which ant .farme?,? baye to seit v ''In view of .this situation, CIcmcon J College propos fs to givo to tbe pub ck'lho ess^tial mahetlng} _it|ritftS?a(s ,, aged in parallel columns in snch i manner teat. valuable comparisons ?rill bo strongly Impressed upon ' the MfUt As ha oxporSracnt. a tibia of cotton and cottonseed figures was compiled from quotations received by f?legraph at tho samo horn- Satur iay, r?ecambto?- -5, from every Semonstratlon agent*in South . fin the eskly market reports) p^sr btton.Aw'cc^sW, beof/fcdi icmonfitraion ages' ; will r?pori^t? rjiemson Coll?ge; tue ' prices; offered that day, on their markets; The tables ^5^^^^ **** (The public Is asked to be -indul at .kith-thoreports in, the Wgltf ig,;sttico it is:?ltogether;a>^;tlh rta.kihg for our s^nt^aad iu - no cxmmieats Th? mu*Wx >t^^;ea)ro'..fpr RMtttlng\ ftpVh' them lmd?*0?U??tom ? to correct 'tneu ? errors * aa ? theymay. *lnk >e^ it"' Producing Sheep 01 Shoeo have a place on southern ?arrns.-iiy keeping a flock of from 6 to 12 ewes, fanners in that section can provide themselves wiih meat for the table, sell a few iambs for.mut ton and secure additional revenues through the sale of wool.-For those who have no sheep, let ub consider lust how to get started In the busi ness with a small outlay of capital and how to handle the flock after ob taining It - - Choosing and Baying. Your first ewes can be native ewes, purchased 'from near-by sh?ep owners. Go into a flock and pick out vigorous owes with compact bodies. Get young healthy ewes, If you must buy old ones, do not take those having spread, broken, or worn-off teeth. Buch ewes can not eat well and will make no money as breeders for their purchas ers. Do not use anything hut good rams of a mutton breed .upon your ewes. A. Southdown, Shropshire, Hamp shire, or Dorset Horn ram will prove most desirable. He should be about 2 years of age, healthy, and carry plenty 02 mutton: Such a ram will cost delivered, from $16 to $25, and cad bo bought by a ha.'? dozen farm ers clubbed together. He will breed from 40 to 60 ewes. Protection from Stones aad Begs; Sheep do not require cloned build ings tor protection from cold, as their fleeces-afford protection If kept dry. A low shed, built on dry ground and opening to' the south, "Is' sufficient. Buch a. shed neerj cost but very little, as scraps of lumber' about the farm can be utilised In building it Place your flocks within a dog proof fenced enclosure at night as dogs often attack and destroy shoep. A fence that will turn a dog must be at least 60 Inches high, have a barbed wire' stretched flat to the surface of the ground at Its bottom, and-three barbed wir?? 7 Inces apart stretched at the top. Tho apace between the bar bed wires can be filled in with old boardB, poles or any other fonce building material, provided it Is so built as to keep the dog from crawl Ing through. General Care of the Ewes. Often ewes'become taggy or have dungy locks collect on the wool about the tail and' between the hind legs Such locke should bo cut off and tho ewes kept clean1 abottt~thls part of the body. Ticks and lice frequently " infect Bheep. Guard against this by dipping once j each year In dips for this pur pose. A rain barrel or tub can bo used to hold the dip. Pick up bodily and work'it r?und"'ij'PsdujUly va, the' dip un til all par tu are submerged and drenched to the ekln? Keep salt before' the nock at ait times. Sheep require a great deal oi salt and It is essential for them. Glvo the sheep access to all haryest ed and vacated fields, but do not de pend entirely--upon -such -forages. - The Ideal way is to provide lots of forage of tench sise as will pasture the flocks for only two week periods during vvtcm weather. By changing th? pas turing ; ground of lambs every two weeks there ie little danger of loss ftrom stomach wonas, as clean pair tu^es do not infect sheep. Rape, sow* peas, oats, vetch, crimson cloven and soy beans should constitute tho prin cipal forages used. During the fall and winter permanent pastures can be used. Even regular fields of wintov wheat and barley can bo pastured Without injury to them. * s When na*turo Is not available'feed hay or fodder to tho flock. Keep up the appetites of the.ewsB by adding small quantities of rape, collards, chopped cabbage, or rots ; along with the hay. Do not feed suger beets and pe wurfeela to your rains or ^IrSeedlng th? eweVa little grain about-ttjo woeks before lambing-aad gradually lncreasetheamount to bae* hatf;>^utd, dally -&\im*j>wM? lamWaXTiiowJy Incratjsa. the amount to 1"W or'2 pounds daily, and ^con tinue this ration during tho ' suctora^ him in good eoaflliton. The. fed' should bo Ir.croaoed data)/ lng ecasor... - g&gsr? .".^..to-aat-t^alO as ?jrtor tho mareet. | twlco daily, U?l?q creeps owes. 'grain ration,. general javera on the farm, Is sutt^?o meat 1,pan by weight. it months for mating,,as this ing yo?r lambs In January and ewes continually, but take tho .to him for a few minutes each -* Allow ?nly^?^ssn^to a,, , certain that tho owo gets In Jamb 3 dropping breed?p ? sy ?c??f ' discount ?s'o?f? 'arrangements nw, arui.prepai . ent career. .Morc.callsvfor?c supply Catalogue ?free, i J Southern Farms be lambing season, but do no't inter cro with them un les a necessary. After aroba aro born, boo that they , are romjitiy dried and suckled. Freciuont y ewes disown their lambs unless Dreed to nurse them, Olve the ewe little, it any -grain atlon for two or three days - after ambing. At the expiration of this - lme it can be gradually given her 'un it the full ration la reached. Shearing Sheep. In small flocks the fleecco can be aost economically removed by using land shears. After the sheep Is shorn emove all tags and burs from tho leece, carefully roll it up insldo out. nd tie neatly with cotton or paper tring. it only a few fleeces are . had hey can be placed In clean sunny aoks and sold to local dealers. If here is ? wollen milt In your vicinity, ?orhaps it will make you wool Into loth for you. ,1 Returns from Six Ewes*. ; Now let us summarise the returns o bo expected from six of properly* mud led owes. 1. Four fat lambs ready for :. - . - "Ask Dugan WH* Anderson Pai ."fir- ' ' .. w&t*on votive* wfc Phono 647. ' . 'I. ,1! Now is a go?d .time^io bfcjjr a farm ft* now that can be bought -?'tf I li^v? ?liem in any ate? ^ou want, y ; One 3p acre tract One 40 acre tract ?One 51 ^4-2 ?cir?Hract: One 74 acre tract> One 65 - acre' tract One 86 acre tract .;,<^o2!acte:^^ Qhe 2l0 ?^r? -ah^ jrs that I ihaventt space to^ioeh- ? red-forfirW week; ; Make ; e tyourself )f or an i independ^ ?mpetent help than .^e^j^-: Write -or call