Historical Newspapers of South Carolina

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MR. ARNOLD ADDRESSES CLASS IN SOCIOLOGY Discusses Value of Federal Loan Bank to Farmers. On last Wednesday a class in Rural Economics heard an especially interesting lecture made to them -by Mr. H. C. Ar nold, Secretary of the Federal Land Bank of Columpia. The statements made by Mr. Ar nold regarding the work and purposes of this bank are very encouraging to the future rural progress of the United States. The system upon which these banks are founded is co-opera tive so that eventually they will be owned by their patrons. They lend money to farmers at the remarkably low rate of fiye and one-half per cent. interest and the amount of yearly in c4 stallments toward the settle 6 ment of the loan is at the bar rower's discretion. As small a -, payment as one per cent. per annum may be made. These 'R banks are doing a great service towards land ownership by 'those who actually form it; to stimulate rural improvements, and to the establishment of the young man without capital on a progressive farming basis. The Federal Land Bank of Columbia operates in the States of North Carolina, South Caro lina, Georgia, and Florida. To date three hundred and fifty four National Farm Loan As sociations with loans of approx imately $4,750,000 have been organized in these States. Of the ninety-seven associations in South Carolina, Anderson leads with a total in loans of $275, 000. DR. CURRELL ATTENDED COTTON CONFERENCE (CONTINUED FROM PAGE 1.) and economics, spinners and manufacturers, American and foreign, and those engaged in textile industry. As was to be expected in so large an assembly the work was done by committees, em bracing all the various cotton interests. Any recommenda tion made by one of the eleven groups and endorsed by the other ten was considered to be the action of the whole confer ence. The reports of the com mitteees were made Thursday, October 16th, the last day of the conference. In only a few cases were any of the recom mendations of the various com mittees thrown out because of non-concurrence of any of the groups. Of course the conference has to enforce its suggestions, but their moral force will be patent to bring about better conditions in the cotton growing indus try. One of the best results of the conference is that the various groups and countries were brought into a sympathetic re lationship which must lead to a better understanding of con flicting interests. Of these the most interesting was the apparently irrepressi ble conflict between the grow ers and the manufacturers. The former called for reduced acreage with consequent de crease in the supply, increase in price of cotton, while the latter, especially the represen tatives of foreign interests, clamored for incre.:ed produc tion and, if possible, lower prices for the staple. The world neeeds about twice as much cotton as is now produced and the south is now the chief growing section of the world and will continue to be for an indefinite period. For various reasons other cotton growing countries, such as Russia, Egypt, Mexico, India and China are contributing comparative ly little to the world's crop. As southern farmers could not raise cotton at a loss and as crops diversification is the poli cy of all progressive planters, the only solution to be offered under existing conditions was better and more intensive farm ing with a reduced acreage and a larger yield per acre. This was the wise conclusion reach ed by the conference. In a very interesting round table discus sion led by Dr. Todd, Profes sor of Economics at Oxford, in one of the clubs near Tulane University, the speakers ad verted to the bad social condi tions prevalent in southern cot ton mills and amongest south ern tenant farmers. He said that in England the cotton oper atives were the best organized and most intelligent of all Eng lish workmen. The remarks of Professor Todd provoked a very animated and interesting discussion in which a number of those present took part. In this discussion conditions in the South were very clearly set forth and it is hoped that the distinguished foreigner re turned home with a better ap preciation of the difficulties which the South has had to en counter. In a brief article like the present it is impossible to do justice to the great work of the conference, which was charac terized throughout by a most commendable spirit of fairness and a desire to arrive at the very best solution of the diffi (CONTINUED ON PAGE 6.) : CLOTHING FURNISHINGS Moe Finkelstein's YOUNG FELLOW SHOP 1604 Main Street - - - - Columbia, S. C. 4. 4 10 per cent Discount on all Merchandise to Students Only HATS LUGGAGE .t 0: .t"4 P 4. "M " ...f "ii i ,.Ef4A iiiiff""f+"" "" + i+f"+. 0 The State Building 0 Complete line Fountain Pens, Examinations0. Pads and other Stationery for Student's use. We Want 'Your Business t LESTER'S RIALTO and RIVOLI . Theatres Homes of the Biggest and Best Photoplays Obtainable Satisfies the national demand for a whole some, pure and appe tizing beverage-at the soda fountain or with your meals. Bevo will more than satisfy your thirst. ANHEUSER-BUSCH ST. LOUIS -tmstb