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m f.. ? ? 'XVER SXTMTER WATCHMAN, Estab Consolidated Aug. 2,1 HUME'S JOYFUL SAT. MARSHAL FOCH WILL MA?F TRIUMPHAL ENTRY INTO METZ. Redemption of AIsace-Loralr.z YViiJ Be Celebrated on Sunday?Gen. j Eoda, President Poincaire and Pre mies: Clemencau Will Be the Cen tral Figures. Paris, -; Nov. 14, 4.25.?Marshal Pooh will make solemn entries into! Strassburg and Metz on Sunday in the presence of President Poincire; and Premier Clemenceau. . 1 GERMAN CABINET ORGANIZED, j 1 New Government Seems to Be Com posed of Educated Socialists. ? 1 Copenhagen, Nov. 14, 8.25 A. M.? j The new German government has I been, organized, with the following | cabinet .members: Premier and in- j terior minister of military affairs.; Friedrich Ebert; foreign affairs, Hu- i go Haase; finance and colonies, Phil- j ip Scheidemann; demobilization, j transport, justice* and health, Wei- j helm Dittman; publicity, art and lit-: iterature, Herr Lansberg; Social pol- j icy, Richard Barihu. m BE LOWERED. G?WE&mSESTS NEEDS WILL CONTINUE HEAVY MANY . YEARS. Seprfetary ?f Treasury Says That Ad ditional Government Loans Will he Required. * : Washington, *<?v. 12.?Government financial needs fOr many years are al most certain to run about $4,000,000. fc&O - annually, treasury experts esti mate, and most of the money will be raised by taxation. Consequently, students Of govern ment finances think the taxes imposed last year and paid in July probably wilf/not be lightened materially by the advent of peace. ''Secretary McAdoo tod&y wamec t?a? ...taxes necessarily would be high ^pr many years to pay off war deht:- j aitft. thia* additional government loans ?flj^d* be required.' He did not at tenotpt .to forecast how big the volume p? 'pfxf? would be. . .'Roughly, treasury officials and con grefMonal leaders! hi change, of reve 'nue legislation figure ^this'-way: . ,",?0rdihary government v expenses. Which ran around a billion dollars ? year before the war, will .now' ainoum at"l*3ast $2,000t000,?0e annualy fo: ?fany years, and. for two or three $?ars. .'after the-war may be double tibi figure. .If the f16,850*000,000 of liberty bonds already issued are in crea?ed:.'in.vo.luaieA'by laier" loans to lis,o04^Q0?,000, the interest on thU sum would amount to about $1,000, 0$&#?0;" a. year, jfn addition, it prob ably, will be the government's policy j ^establish assinking fund to pay off! the bonds at maturity, and this would j ?ire about $t,'250,000,000 a year, i lese are items which make an ag-1 gtegate near $4,250,000,000. To offset this there would be nearly a "halt billion dollars coming in an nuallyyfrom the allies as interest on! their loans, which now amount tc $7,00,0,006,000, and are likely to run much higher, and revenue from cus- j ' toms arig miscellaneous sources which last year amounted to about $450, 000,000. With, allowances for wide variations in these calculations there would still j jemain about three and a half bil-j . Kon dollars*, to be . raised from inter-J nal revenue taxes. Last year $3,643,- j 000,000 came from internal revenue j including $2,775,000,000 from income; and excess profits taxes. This year] these figures will probably more thant ?he doubled. Factors which makes, the system of estimates highly tenta-j tive, officials point out, are that the; war is not definitely over so far as ex- i pense is concerned, and that war j debts, both of the. American govern- j ment to the public and of the allied \ governments to the United State? i cannot be figured until then. Re construction policies, yet to be for-1 mulated, will have much to do with j determining how many existing gov- ? erriment war-time agencies shall be' continued. Besides, on the condition j of business and foreign trade after: the war must depend the weight of' the tax burden which can be borne. ? Methods of applying taxes after the War also are receiving attention. I*; the schedule of income taxes now be-1 ing framed in the new revenue bill j works out well it is considered proba-! ble that the bulk of the af ter-the-1 ?qe?r -revenue will come from Income ? levies, which next year will yield probably $2,600,000. Excess profts. taxes probably would automatical'.-; be abandoned after the war, and li quor revenue will stop if the con templated prohibition amendment is ratified, and sooner with the passage of the "war time" prohibition bill. Iti is almost certain that the multitud - of minor taxes now levied on trans-1 portation, insurance, admissions. clu!>; due, the excise taxes, stamp taxes i *nd special taxes on certain bus- j messes, now yielding* comparatively ' little revenue and very difficult of ad-! ministration will be abandoned. To- i bacco and estate taxes probably will remain, it is said. Whether tariff; schedules will be raised materially! depends on future formulation of: policy. AUSTRIA IN REPUBLIC. German Part of Hapstrarg Empire Will Join Germany. Copenhagen, Nov. 13.?Germrm Austria has been proclaimed a part of the German republic by the State council, says a> dispatch from Vienna. M&ed April, 1850. "Bn Im * 881. ST] GOTTOH PANIC BROKEN. 1 SPECULATIVE SHORT SELLING CHECKED ON TWO EX- \ CHANGES. - Brand Notifies Presidents at New Or leans and New York of Action Pre- i venting Practice?Bona Fide Hedge Sales May be Made Under Sonic Circumstances. New York, Nov. 13.?Speculative short selling of cotton on the New York and New Orleans cotton ex changes was prohibited today by the cotton distribution committee. Bona fide hedge sales against the purchase of cotton are permitted on affidavit from the commitee but no selling or ders from foreign countries except in liquidation of long contracts are to be executed. Charles J. Brand, chairman of the committee, notified the presidents of the two exchanges this morning by j telegraph. He said later that the com mittee's decision was precipiated by j undue short selling yesterday by I speculative interests, who, he said. I took advantage of the situation cre | ated by the cessation of hostilities tc ; force prices down 2 cents a pound. ? Tonight Mr. Brand issued a formal j statement declaring that speculative j activity in cotton at this time is un ! justified. i "The signing of the armistice," he ! said, "brings us suddenly to the htreshold of the reconstruction era. Pending developments are of the ut most impotrance to the cotton world, j "The consequences of unfounded I rumors that tend to promote vicious [ speculative activity and cause unjusti fied demoralization must be avoided thus far as possible. - "The world's requirements of cot ton to meet jts increasing demandr for clothing "will henceforth be on a continuously ascending scale. Based on reports to this committee from the various foreign countries, we es timate their requirements and prob able imports of cotton under preserf conditions to be over 2,000,000 ba-e in excess of last year's taking. "Europe is almost -denuded of cot ton and cotton goods. The potential buying, power of the world which will be aided and hastened by the es tablishment of the necessary credit? will quickly assert itself." The end of the submarine menace, the monthly increase in new tonnage and release of ships now supplying the allies, together with freeing mu nitions space, Mr. Brand said, wip greatly increase, tonnage a^a?aole fo cotton exports. The text of Chairman Brand's te! egram is as follows: "Please read from the rostrum o your exchange before the ooenin Wednesday morning, post on the bul- | letin board and send immediately tc j each member firm carrying contracts, the following notice: | "In order to curb undue speculative activity it becomes necessary at thi.-:! time to prohibit further speculative short selling on the New York and New Orleans cotton exchanges and the members of these exchanges are hereby notified that all further spec ulative short sales are prohibited Hedge sales may be made on condi tion that an affidavit from the sell er will follow that the sale is a bon= fide hedge sale against the purchase of cotton. No selling orders from foreign countries except in liquidation of long contracts are to be executed." Mr. Brand also issued the following formal statement outlining reasons for the prohibition:1 "The signing of the armistice bring* us suddenly to the threshold of the reconstruction era. Present develop ments are of-the utmost importance to the entire cotton world. "The consequences of unfounded rumors that tend to .promote vicious speculative activity and cause unjusti fied demoraliaztion must be avoided as far as .possible. In order that harmful violent price fluctuations may be checked the committee on cotton distribution has ordered al speculative short selling on the New York and New Orleans cotton ex changes stopped, and to make thi? order thoroughly effective, has re quired that no selling orders except in liquidation of long contracts be ex ecuted from any foreign country. "The stoppage of sinkings by u-boats, the monthly increase in new ship tonnage and the releasing of ships now engaged in supplying the fleets of the allies, together with the freeing of space> previously used in sending munitions to Europe, will mean a large increase in available tonnage for cotton exports. "The world's requirements of cot ton to meet its increasing demands for clothing will henceforth be on a continuously ascending scale. Based on reports to this committee from the various foreign countries, we es timate their requirements and prob able imports of cotton under present conditions to *>e over 2,000,000 bales in excess of last season's takings. ] "Europe is almost denuded of cot- j ton and cotton goods. The potential: buying power of the world which will! be aided and hastened by the es-;' tablishment .of the necessary credits j readily assert itself.' WHERE'S THE PRINCE? The 'Hiding Place of Crown Prince Not Located. Basel, Wednesday. Nov. 13.?Re ports that the German crown prince is with his father in Holland is de nied in a dispatch from Berlin, un-; der Tuesday's date. The dispatch j says he is with his troops at th". front. Liverpool, Nov. 14,?The cotton exchange which has been closed; since Friday reopened today and prices fell a penny per pound, the, maximum decline . allowed on anyj day's trading. I j?d Fear not?De( ?0 the en da Thon AJ FMTER, S. C., SAT?RD. M MLIHB PBilffl- j WAR INDUSTRIES BOARD PUTS i CURB ON COTTON GAMBLING. _ ! Charles J. Brand of Cotton Distrlbu j tion Committee Issues Order to I Cotton Exchanges?But Cotton ! Stih Hits the Toboggan. i i New Orleans, Nov. 13.?A telegram ! from Charles J. Brand, chairman of 1 the cotton distribution committee of j the war industries board, to officials i of the New Orleans cotton exchange. I before the opening this morning, aH I nounced that the board had prohib j iteb further speculative short seding ! on the New Orleans and New York j exchanges. j When the market opened the price 1 of active months promptly fell fully two hundred points, representing th ? I extreme range allowed under the ! present war rules. HONS LEAVING BRUSSELS. ? ^^HHHHHMHMHMfflBflHHHHI BELGIAN CAPITOL SOON TO BE FREE FROM HATED DES POILERS. King Albert Will Probably Reenfer The City Friday?Disorder Among German Garrison. Paris, Nov. 13.?The Germans have begun the evacuation of Brussels, and a Dunkirk dispatch to the Paris edition of the New York Her ald says King Albert and family will probably reenter Brussels Friday. ARMIES AT REST. Preparations Under Way by Defeated Enemy to Evacuate All Invaded j Territory With Victors to Take tp j Strategic Positions to Prevent Fiii' ther Fighting. The guns everywhere are mute. Hostilities have given way to prep arations by the defeated enemy t evacuate all invaded territory in ac cordance with the terms of the ar j mistice and by the entente forces t'. take up the strategic positions assign ed to them in order that the foe ma: be unable to resume fighting, j Although the British, Belgian j French and American armies have stacked arms, they, nevertheless, ar<-: on the alert for any eventuality Ar.d thus it is purposed that they shall re main until the peace which will mi;<; the world safe for democracy has ?r rived: ;.: As the German armies in the west wend their, way backward across the Rhine- defeated, comes the cry from Germany for an early peace. Starva tion faces the war torn empire.. Ger many,- which once boasted that it would throw a circle of iron about j the British Isles and starve the pec j pie into submission, today is begging I not alone for peace, but for bread...", Magnamimity lies in the out stretched hands of the allies. The German people are not to be permit ted to* perish for want of food. Sus j tenance in abundance is to be give": i them, but in doing so undue priva tions are not to be visited upon the peoples of the devastated couiitrie over which the Germans have siwep:. i In Germany proper the new gov j ernmental regime apparently is hold I ing sway. Internal strife seemingly J has ended, except for a mutiny by th sailors. It is asserted that the north j em fleet and Helgoland, the island j bastion defending the coast of north j ern Germany, are in the hands of the I loyalists which have called upon the j sailors to defend the country from I the "unheard of presumption", con I tained in the allied armistice terms . Amendments of the armistice term? ; to Germany show that the allies arc ! more exacting in their demands than j was at first reported. The Teutons j are to be stripped entirely of their j submarines, those wolves of the se > I which have caused such devastation, t instead of 160 as first was stipulated j A reduction in the quantity of scrne ! of the military equipment to be de j livered is made, but instead of 50,003 I railroad cars, 150,000 must be sur | rendered. j The treaties of Bucharest and ! Brest-Litovsk, it is stipulated, mu?t jbe renounced and the evacuation c I the Rhine lands on both sides of : the river shall be completed within 3 J ; days. The countries on the left bank iof the Rhine are to be administered jby the local troops of occupation in j stead of the local authorities undo." : the control of the armies of occupa I tion. It is again reported that Charles, lemperor of Austria and king of Hun igary, has followed the example of his I chief colleague in the war, Willia: > j Hoh'enzoilern, and laid aside hi' scepter. GERMAN ARMY TO BE DRIVEN OUT. Rouinania's New Declaration of War Against Germany a Defensiv? Measure; Wafehinjgton, Nov. 13.?Rumania's reported new declaration of war against Germany is interpreted her. as preliminary to measures to dis- j arm and drive out the German army, under von Mackensen, which has' been oppressing the Rumanians sine ? the treaty of Bucharest. HUNS KILL EACH OTHER. Garrison at Brussels Mutiny and Slay Noncommissioned Officers. British Headquarters in Flandern j Nov. 13.?The German garrison inj Brussels has revolted against Th-, noncommissioned officers, according, to neutrals reaching the British lin^:: from Brussels. Several officers have- j been killed. m*t at be thy Country'* Thy God'* a &.Y, JSTOVEMBEB, 16, 19] TEAMS STAND UNGHANBED. j i ?-? ! i GERMANS NOTIFIED BY ALLIED i COMMANDER THAT THERE CAN BE :VO MODIFICA : TION OF CONDI TIONS. Defeated Germans Must Comply With All The Terms and Conditions Set Forth in the Armistice. ! .London, Nov. 13.?The allied high I command has sent the German high , command by the French wireless a j message saying there can be no mod | ification of the armistice conditions ; including annexes, at this time. It is ?added that a supplementary period of I twenty-four hours for the evacuation j of Belgium, Luxemburg and Lorraine ! has been added to the fourteer j days stipulated in the original text I so as to permit the text to reach [ the German headquarters at the de sired time. iXAISER'S DREAMS VANISHED. ! COASTINGS OF FORMER EMPE i ROR PROVED VAIN INDEED. British Press Quotes Boastful Term? War Lord Used About the War. London, Nov. 12.?(British Wirer i less Service.)?Prominence is give.i j by the British newspapers to some of {the utterances made by former Era I peror William while the war was iv I progress. In the year 1914, he said: "Before the leaves fall from th-r j trees we shall be back again in dear j fatherland. Exterminate first the treacherous English and walk over Gen. French's contemptible JittL army. The war-like , spirit still live in the Germna people?that powerfin spirit which attacks the enemy wher ever it finds him, regardless of th^ cost. "You, my troops, are my guaran tee that I can dictate peace to my en I emies. Up and at the foes. 'Goo' (goodness will guide the German per I pie through battle to victory?to ft goal appointed for the German pec pie by the Providence. I have draw ? the sword, which without victory an ' without honor I can not sheath i again. We stand with our hearts to ward God?to the dust with all th' enemies of Germany. Amen!" In the year 1915 the Gerpian rule said: j "Our brave soldiers have shev.-r i themselves to be invincible in batt: against nearly the whole world. Tl. war drama now is coming to- 'it close." To the King of the Senussi, he said. "Our common enemies whom Allah j will annihilate to the last man, shr! I fly before thee. So be it." Regarding the United States; th" I emperor declared: j "America had better look out Latter ! the war. I shall stand no nonsenv j from'the Americans. My destructive i sword has crushed the Russians. In a I short while I will announce new vie j tories. The war drama now is coin ling to its close. In a just cause I am ready to force myself to be cruel.'" In 1916 the emperor said: " "The world was prepared for any thing but a victory of the German j fleet over the British fleet. Fear will j creep into the bones of the enemy. "Bucharest has been taken. Wha' j a magnificent success on the road j complete victory has been gained with j God's help. j "Germany is invincible in spite of : the superior numbers of our enemie ! and every day confirms this anew {Germany knows her strength and sh" I relies on God's help, j "The foe is defending his native I soil foot by foot. This is the resist j ance of despair but it must be broken j He has prepared his soup and now j he must supply it. I look to you to i see to it. ! "All Germany contemplates with ! pride her brave sons whose deed~ \ with God's help will be a landmark j on the road to final victory." In 1917 the head* of the German j nation said: j "If the enemy does not want peace f then we must bring peace by batter i ing inx with iron fist and shining ; sword the doors of those who will no: have peace. i "Victory in the coming year will : again be on our side and on that of ! our allies. If only we can cast the : burden on the Lord. He will smite th? i foe hip and thigh as He did Amale'<. the prototype of perfifdious England. "Our u-boats are not going to re-t i until, with God's help, the enemy : 3 j beaten. With the help of God. wh > ! has hitherto graciously protected us. the enemy shall have a decision. "In England is particularly the enemy to be struck down, however difficult it may be. "The year 1917 with its great ba; tles has proved that the German peo ple has in the Lord of Creation above an unconditional and avowed ally on whon\it can absolutely rely. In June. 1918. the emperor said: f*God, the Lord, has laid a heavy b?rde n on my shoulders but r can earn,- it in the consciousness of our good right with confidence in our sharp sword and our strength." This was followed by various ut-j terances of growing despondency. APPEAL TO WILSON. Message From Hungry Huns Presens ; ed to President. Washington. Nov. 12.?The appe.;': of Gorman Foreign Minister Solf for' intervention by President Wilson for! a mitigation of the armistice terms to save Germany from starvation wa - ] delivered to Secretary Lansing today ? by Minister Sulzer. of Switzerland, who sent it immediately to the pres ident i 1 vBd Tnrtfc'a" XHB TRUE L8. 1EAT PEIGE CONFERENCE. WHETHER OR NOT MR. "WILSON ATTENDS PRACTICALLY CER TAIN SECTY. LANSING WILL BE ONE OF DELEGATION. i Dr. Soirs Suggestion for Preliminary | ! Conference Not Likely to Be Taken I up, Such Unnecessary. ! Washii!Oc0n, Nov. 13.?President I Wilson was said today to have given i no indication as to how he regards ! the sugestion from high sources in i Europe that he attend the great con J ference which is to reestablish the j i peace of a war-torn world, j Most of the president's advisers, I however, are understood to consider ' that acceptance of the invitations J would involve needless risk and serve ; no purpose that could not be accom | plished through the delegates who j will be appointed to represent the j American government and who will I be in constant communication with j Washington. > Should the president decide to at i lend the conference?and some of j those usually well informed say he j has an open mind on the subject? j Vat point would not mean, in the ! belief here, that Secretary Lansing j would not be a member of the Amer j ican delegation. It was said that up i on Mr. Lansing would fall much ot {the weight of the heavy tasks con ; nected with American participation in the conference not only by virtue of his high rank, but also because of his wide experience in other inter ! national conferences and arbitrations.! I The proposal ?f Dr. Soli', the Ger 1 man foreign secretary, for a prelim ' inary peace conference had not j reached Washington in official form tonight, but it is understood thai there is little probability of its ac ceptance. Such a conference is re garded here as unnecessary and as likely to uselessly complicate th^ 1 work of the general conference when j it is held. i Ostensibly, Dr. Solfs proposal *s j based upon the urgent need of Ger j many for food -and other supplies, j but it is pointed out that the condi i Lions will be dealt with by the Unit ' ed States and the allies in advance o1 j the peace conference under - the gen ! ^ral pledges contained in the armis i tice -and given by the supreme wa I council at Versailles, j Further assurance on this subjeci j is given the German government b ; Secretary Lansing, who in a note j iianded today to the Swiss ? minister I iu reply to one from Frederick Eberl, the German chancellor, said the pres ident is ready to consider favorabl;. the supplying of foodstuffs to Ger many and to take up the matter with the allied 'governments upon assur ances that public order will be main tained in Germany and ' an equitabh j distribution of the food is guaranteed In some quarters here it is sxis : oected that Dr. Solf's real purpose' r l to - have the preliminary conference I dispose of political matters such a* i the future of the German colonies ! and trade relations between the Cen ! tral Powers and the nations witn I which they had been at war, in the hope of being . able thus speedily t I reestablish German foreign trade, j j CASUALTIES NOT OVER 100,000. i Estimates by Officials for American Expeditionary Forces. Washington, Nov. 13.?Officials ! here estimate that the total casual j ties of the American expeditionary I I forces in the war will not exceed 100. j 000, including .the men killed in [action, wounded, died of wounds, dis I ease and accidents and the missint ! who never will be accounted for. Some of those who have been missing probably will be accounted for when j the prisoners are returned from Ger ! many. I It was said today that it will be I probably several months before the j record of casualties can be complet- i j ed. It is regarded as almost certain! i that many of the casualties in thej J recent heavy fighting by the First and j j Second American armies have not ye*-! i been reported. Lists must be com- j j piled of unreported American casual- j i ties in British and French hospitals, j ? especially from among the United j j States forces brigaded with allied i units. Deaths from wounds probab-1 ! ly will be reported for some time, j while lists of slightly wounded beins i sent by courier may be delaj'ed. j The lists for several days have con- j j sisted of approximately 1,000 names! ! daily. Secretary Baker has indicate1 j j that a considerable number of re 'j \ ported casualties remain to be given ; ; out, but that these will be released 1 as rapidly as newspapers can handle j I them. An unofficial tabulation of publish- ? ? ed casualty lists, including those of . November 12, shows a grand total of ] ' 71,390 men. Careful estimates made; ? today, based on knowledge of the: battle conditions faced by the First: : and Second armies in the days imme- i diately preceding cessation of hos-1 tilities and on the average lists here-: tofore,. lead officers to believe that i j all unpublished and unreported cas- j i ualties will not exceed 30.000. Estimates based on revised record< fix the total marine casualties in France at less than 5,000. GERMAN ARMY MOVING. Retiring Rapidly from Tbe Verdun Region. With American Army,. France, j i Nov. 14. 1.30?The German troops > < opposite the First American army ; i north nnd northeast of Verdun ar^: reported to be moving northward rapidly. j The advance guard of several bun- i'. dred Russian. Polish and Italian sol- j diers freed by the Germans in Lor-i raine, have reached American lines in j \ the region of St. Hiliare today. n SOUTHRON, Sma?miea Jane, i>&+ _;_i_i_* VoLXLVH. No. 27. RUNS STILL LOOK ACTS OF FRIGHTFTFLNESS BE* ING COMMITTED BY GESU MANS. Germans Warned by French High Command That Barbarities. Must Cease Immediately. ' London, Nov. 14, 2.14 P. M.?Ger man soldiers are committing acts against the inhabitants of occupied territory, destroying and pi?aghig, contrary to the terms of the'entfis tice, according to a French official wireless message. The message,, which is from the high command, says the allied command expects the German command to take immediate? measures to stop the violations. If the acts increase, it is added, the al lied command will take steps to end the armistice. AMERICANS CROSS FRONTIER. Pershing"s Men Marching Toward Metz and Strasshurg. Paris, Nov. 14, 4.45.?A detach ment of American troops have crpss-f ed the German frontier toward Mot*? and Strassburg. OOKER OH GGTTQM SITUATION BACK FROM CONFERENCE^ WITH ENGLISH ECO* NOMIOTSt Great Deficiency and Very Soon There Wfll be Demand for All Cot ton, to Be Supplied?Why Prices are Low. Columbia, 0*ov. 14.-?D. R: Coker, who has just returned from a two. months' trip to England and Frafice as a member of an agricultural com mission sent by the secretary Of ag riculture, was in Columbia yesterday. Iii connection with the work of the commission Mr. Cbker made some in vestigations as to the cotton situation abroad, and got the opinion ?f prom inent European economists as to the world's needs of cotton and other textile fibers. The consensus of opin ion was that\ there is an accum*al4i- . ed deficiency'of all textile materials, both raw and. manufactured,^ in t^ie world. \ Prof. John A.\Todd of Nott one of the- world's foremost < cotton economiesfv thinks that a crop of 16,(H)0.O00 bales, of ton! is heeded this year. The stock of American eott#n in Liverpool the last of October' %? listed at about 10.0,000 bales. Mr. Cbker was informeay' however;* that not more thanv 10,000 balesM?>ihis was unsold. Buyers for English mills were going over the Liverpool market and buying desirable American cot ton wherever they could find It eie? in one to five bale lots. Unsold stocks of American cotton in England are practically nothing, although English mills are now using only 40 per cent, as much of our cotton as before the. war. ? j Mr. Coker believes that a largo amount of American cotton should be shipped abroad just as promptly as the tonnage can be had. Much is now needed to replenish foreign stocks, more will. be needed to supply spindles now idle which may be. ex pected to start up in a few months In the allied countries,'and a foreign re serve for prompt export to Germany and Austria as soon as our raw ma* teriaw are allowed to go into, those countries should be maintainfed.1 Mr. Coker feels that a number of unusual features have combined '.to temporarily depress the price of cot ton. In the first 'place, we have the earliest crop ever known, and also the harvesting period has been abso lutely ideal. This has resulted in a very much larger proportion of |he crop than usual being ready for mar ket by November 1. Th$ unfortu nate price fixing discussions ill Wash ington was another uniettliii^ ; fea ture. It caused wide flucniatiotts and heavy losses to legitimate cotton inter ests. During *the past month the influenza epidemic has shut down a large number of mills and disorgan ized the cotton marketing machin-? ery of the south. Mr. Coker does not think that it ia strange that these cumulative;influ ences should have finally resulted in a heavy decline. He feels that there is only one thing that will surely check the decline and restore 'values and that is a concerted holding move ment by the actual owners of cotton. He believes that in less than six months there will be a demand 'tor large quantities of cotton for the use of new spindles in England and upon the continent, and with . this -year's crop only approximately equal to the world's consumption, he does not see where this cotton is to come front without reducing the world's visible supplies to famine figures. Whatever the immediate course of the market may be he feels that there is but one sound course for the cotton farmers and that is to refuse to accept pres ent prices. BACK TO BOOKS. College Men in Navy Will be Permit, ted to Resign. Washington, Nov. 14.?Secretary Daniels announced today that college nen who left school to enter the navy tnd who now desire to resume their allege courses, will be permitted to ?esign from the service. POLES RECOVER SILESIA. Hie Dismembered Country to Be Rii* united. Copenhagen. Nov. 14.?Polish, roops have entered upper Silesia, Prussia, a Berlin dispatch says* j