The Abbeville press and banner. (Abbeville, S.C.) 1869-1924, August 30, 1920, Page PAGE FOUR, Image 4
Established 1844. ' r
THE PRESS AND BANNER t
ABBEVILLE, S. C. a
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The Press and Banner Company t
Published Tri-Weekly *
Monday, Wednesday and Friday.
Telephone No. 10. i
Entered as second-^ass matter ai c
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post office in Aoheville, S. C. j
m 1 . <
Ter, ni of Subscription: <
One year $2.00 j
Six months l.ui- \(
Three months .501*
i
MONDAY, AUGUST 30, 1920 ' I
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WHAT OTHERS SAY. |v
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Last week we had an editorial on c
the entrance requirements in the col- t
Cfnfo inr*lnHino' tVm f]P- C
UI tuc Itiviuuiiig V..V ??
nominational colleges. The editorial a
has"the commendation of one of the a
greatest educators the state has ever r
had, as will be seen fro ma perusal c
of the following letter: c
Due West, S. C., Aug. 28, 1920 c
Dear Mr. Greene:? t
\ wish to commend you for the
fine editorial on requirements for s
admission to college. I have just g
read it in the last issue of The Press e
and Banner. You may not know how c
much pressure is brought to bear on c
colleges in the effort to get students g
admitted! Some people "sajf, "Just tl
let them in even if they are not .pre* o
/Iaoc if YT>fllfP ^ 1]
i^aicu. tv aat umcicuvw uw^ <w ? ?...w . ?
They are good boys and for that rea- e
son they ought to be admitted." p
President Wilson said when he was d
at Princeton, "If the Arch-angel Mi- a
chael should apply for admission and
not be able to stand the examination, b
' I would not admit him." Of course y
as long as students are admitted ti
without being prepared, there will be t]
no stimulus to the schools at home ?
to prepare them, and good home y
schools will not be established. Then, f
besides this disadvantage, if our col- o
leges do not adopt and maintain real tl
college standards as compared with p
the standards of oth other states, our b
diplomas will be discredited, and a
our graduates discredited as compar- f
ed with the graduates of others
states. It is so easy for people to p
sympathize with the idea of low standards
that they need to know what
are the consequences of such standards.
You will be doing a fine work
if you throw more light on the subject
Yours truly, ,j
j. i. McCAIN. 1 s
Another editorial of the Press and j
JBanner in one or lasx wees s issues ^
pleases another good man. His re- t
marks show that we have our weather jvane
pointed in the right direction, j j
Here is what he says: | c
Columbia, S. C., Aug. 28, 1920 ^
Mr. W P Greene, , j c
Abbeville, S. C.
Dear Mr. Greene: r
Nothing has given me more pleas- c
ure in a political way than the peru- r
sal of your editorial on the senatorial v
. race. It went to the core of the mat- k
ter and discussed it in a sane and t
sensible way. Instead of a paid advertisement,
the press of the State A
could readily have given it the widest
publicity and done so with entire
safety to the cause of good politics c
and getting a fair expression at the
polls with the truth thus set forth as
was so admirably done in your editorial.
Yours truly, j(
W. B. HOUSEAL. g
- - ? v
SPRINGS AND COMPANY n
COTTON LETTER e
h
The violent fluctuations that have!
occurred in the Cotton Market dur- t<
ing the past week has had a dis- tl
turbing influence on business con- a
netted with the trade. si
^Transactions on the Cotton Ex- li
change, in many cases, have been tl
limited to. closing q}d contracts as e
majny felt that "discretion . was. the r<
better part of valor" in such a ner- o
Vous and erratic market. The limit- e
ed number of orders has naturally n
v increased the rapidity of the fluctu- p
owiviic ouu iavuoi muuciaic 'uujuig r%
or selling has had an unusual effect tl
upon quotations. |
Selling during the early part, of *
the week was induced by distinctly v,
unfavorable reports from abroad as t]
well as from textile trade in this a
country. Sales of print clothe at Fall v,
River are estimated at only 20,000 p
pieces for the week. It is also b
i
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ISskv.-v r. ~
umored that a number of mills in
hat section may close next week
md that curtailment will continue
veil into the latter part of Septem- c
>fer. The possibility of a coal strike t
n Great Britain would be so serious I
hat its very suggestion affected d
>rices in the nervous state now ex- c
sting. The improved outlook for the t
:rop has caused many to fear, not I
>nly the effect of early receipts but (?
aised a doubt whether the con- I
;umption of thirteen million bales
>r more is possible, and any fact ?
hat would curail consumption for c
sven a few weekk might have the |
jffect of weakening the market for 1
i long period. 1
From many sources we are hear* (
ng of the difficulty of borrowing c
noney. If this situation exists now ?
vhat will it be when the movement1
s heavy? If merchants of standing *
annot get accomodation what will 1
he small borrower?the man with- a
ut strong banking facilities?be c
ible to do? One of two things,?sell
it such prices as he can obtain, or s
efuse to sell in which case he
ould not liquidate his debts to merhants.
In the latter event, the mer-1
hant will have to carry ' a weight jjj
hat may prove unfortunate.
Growth conditions range from ^
light deterioration to go3d proress,
according to the weekly Gov- ^
rnment weather report, and it i3 ^
onfidently believed that the per- ^
entage decline during this Auust
will be smaller than is usually ^
he case and that the condition as ^
f August 25th will indicate a crop a
i eAcesb ui wunecii iiiuuuii uaics
a
xclusive of Jinters. Private re-.
orts received so far, indicate a con-'
ition slightly above the ten-year
verage which is 68.2 per cent. '/?
p
Until demand broadens or money'
ecomes easier, it is hard to see;
rhat will sustain the price of cot-!
an. Of course, we must not view b
he crop as made by any means. si
Iquinoctial storms may reduce the h
ield over large areas and an early c
rost reduce the present expected $
ut-turn by thousands of bales. At p
he moment, however, these future j(
ossibilities are looked upon as t]
ridges to be crossed when reached l
nd the feeling today is that a crop q
ully as large as the world can con- r,
ume will be raised, and that for the
resent, the demand is almost nil. \
Yours very truly, ^
Springs & Co.
E
GOES BACK TO TRIBUNE
Capt. T. F. Pruett, who came to v
Abbeville sometime ago to take a po- to
lition with The Press and Banner, 1
ias decided to return to Anderson lj
,.i u~ ?-;ii ,; ? 4-i.? v
vncic lie win again aoouuic tnc cur
or's chair in the office of the Tri- g
>une. Mr. Cheshire found after Mr. a
'ruett had left him that his place d
:ould not be easily filled, and made
tim an offer which Mr. Pruett felt he tl
ould not turn down. a
Mr. and Mrs. Pruett have made "
nany frjends in Abbeville since their g
cming here, and these friends will F
egret that their stay in Abbeville s'
vill be so short, but they are glad to K
:now that better things are coming d
o them. , si
e:
lSKS ASSISTANCE c<
OF AUTO DEALERS !
i
b
ommiition Wants Sales Of Cars
a
Reported I
Columbia, Aug. 29.?State high-"'
^ay officials have begun a new ef- j
ort to check up license violators in j
outh Carolina. The scheme was de-1 i
ised by Secretary Thomas and is! '
lerely the reporting of sales by! J
very dealer in the state to the j I
ighway commission. j
Mr. Thomas has addressed a let-j
sr to every automobile dealer in \
lie state asking the firm to cooperte
with him in the endeavor to! ?
top the violating of the automobile j j
cense law by reporting the sales of. j
he cars by the varkms companies '
ach day. The plan hr fls hijye these j
eports mailed "in to the commission
n postal cards furnished the deal-j
rs and then if the purchaser does,
ot apply for a state license in the J
roper time the highway officials
rill be in a position to see where'
lie trouble lies.
Mr. Thomas said yeserday that he(
s very milch in hopes that he
rould receive the cooperation of
lie firms in South Carolina and
dded-:that he thought he woi^l. It I
ill he a long step forward in stoping
the violators of the law, he i
eileves. j *
THE COTTON MARKET .
The bottom dropped out of the i
otton market today, futures going j
he limit, and closing two hundred I
loints down. The causes of today's
[epression as given at the local
ofton office are "better weather in
he interior, unfavorable trade reports,
fear of coal strike in Britain,
md unfavorable political news from
Europe."
Today's cotton letter issued by H.
ind B. Beer has the following to say
>f the situation:
"Liquidation was in evidence all
norning, becoming more prorounced
duirng the closing hour of
he session, the numerous stop loss
rders being uncovered on the. scale
town.
London advices are to the effect
hat although the miners are voting
n favor of a strike in many districts
ire solidly opposed and leaders of
ither unions now have taken a
land in demanding the miners conult
them before plunging the counr
ry into the conditions that a strike
irould cause.
Because of the absence of an urert
demand for spots, especially in
?exas where receipts are heavy,
louthern markets were depressed
gain today, Houston reporting the
ituation there as weak. Compared
/ith last year receipts at Houston
'exas, ttye past ten days were 56,00
bales vs. 70,000 last year." i
The American Cotton Association!
as issued an urgent appeal to the
armers to hold part of their crop
nd sign an agreement to cut the j
creage next year.
TO BUILD WAREHOUSE |
!
ireer Citizens Prepare to Store i
f Cotton
I
Greer, Aug. 29.?A charter has|
een issued by the secretary of j
tate to the Greer Bondea Ware-j
ouse company, a newly organized,
orporation with a capital stock of j
50,000. Chaney Littlefield is j
resident; J. D. Ashemore vice pres-j
lent; J. E. Gibson, secretary and
reasurer. These officers with J. D.
<anford, N. A. Collins and W. F.
ribson constitute the board- of diectors.
?
VOMEN UNIONISTS S
MEET NEXT MONTH |
lelegaions Invited From South |
Carolina Labor Organiratioiu j[
- Washington, Aug. 29.?Women V
workers from 12 states were invited r
oday by the National Women's f
'rade Union league to meet in a p
ibor conference here the week of
fovember 15 to consider union or- J
anization, collective bargaining
nd other problems of women in in
ustry. j I
Preliminary announcements of 1
he conference were sent to state I
nd city central labor organizations
i West Virginia, Maryland, Virinia,
North and South Carolina,
'lorida, Georgia, Alabama, Misissippi,
Louisiana, Tennessee and
Kentucky asking the selection of
elegates. Local unions in these
ates having women members are
xpected to be reached through the
entral organizations.
Charleston received its first new
ale of cotton and it was sold at
uction Friday. "
MICKIE SAYS i S
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Don't Speculate
IN AN INTERVIEW recently
John Moody, the great financis
tioned about speculating and*,
replied: "In my thirty years I \
fortune and keep it. Don't spe
I There is no better investmen
Savings Account. There is no
such a liberal interest yield and
privilege to make withdrawals
There is no investment that h
for bigger things?to get more <
There is no investment that h
of need. The Savings Accoun
which when riffhtlv used will d
But the thought behind everj
hard work plus?"Saving with
Having a definite purpose m;
fying habit. Later on, when y<
balance and your salary has in
yourself that it was the greates
We are always glad to welco
gest plans for saving.
100 PfeR CENT. SAFETY
' 'v. V
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County Si
SOUND S A
G. A- NEUFFER, President.
ALBERT HENRY, Vice-President.
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1 Z MONOGRAM
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h ^ Indisputable Claim to 1
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^ have done for you whi<
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fi know of any platie whe
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fi <f quantity of
jj CQ MONOGRAM
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S^e the lovely lamp
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% (jj ENGRAVED CA
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i PRESS AND BAr
J PHONElO
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mHHBHHHi 1
tunas r^Sank x
:! Learn to Invest ^
printed in the American Magazine, v-.
l1 expert and statistician, was ques- V'
gambling in the stock market. He
have seen only one plunger make a
culate! Learn to invest!"
it for small sums of money than a v
other investment that offers you < i
I at the same time allows you full
whenever you please. ' '. ||
as helped more people to prepare
out of life than a bare living.
as proved a better ally in the case
t is a means to an end. It is a tool,
roduce good results. \
r savings account is willingness and
a Purpose." PM
akes saving an easy, pleasant, satis- ;l,
"vnr Hpnnsits show a onmfmrtnhlt*
creased with it, you will admit to
t thing you ever did.
me new accounts; glad also to sugAND
5 PER CENT. INTEREST. *
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. F E - SERVICE
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furnish on short notice any [ ] f
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ABBEVILLE, S. O. j ||