The Abbeville press and banner. (Abbeville, S.C.) 1869-1924, October 22, 1920, Page PAGE TWO, Image 2
1 11
FARMER MUST HAVE I
CREDIT MEREDITH SAYS
GreenviUe, S. C., Oct. 19.?The
Cotton Manufacturers' Association
of South Carolina, in ses*'on -here
today, adopted a resolution calling
upon the farmers to hold their cotton
until the price reaches 30 cents per
, pound and urging them to sell the
staple gradually. B. F. McLeod, representing
the American Cotton Association,
declared in a speech that the
rpnsnn whv some of the cotton mills
~ " * i
I s are running on short time and others
. contemplating closing down is be,
cause "the foundation upon which
, your trade is built is tottering and
.you are feeling the strain."
. * * f
' - ' Washington, Oct. 15.?Shrinkage,
in the value of farm products so far
i this season will result in American'
farmers receiving! $2,500,000 less
than they would have secured on the
1919 price basis, Secretary of Agriculture
Meredith said today, address-'
ing the American Bankers Associa-j
tion annual convention. He classed
the resulting situation as one "which
demands ue Desi tnougnt aim Bjrwpu.
' / thetic- consideration of the bankers of
America, and in fact, of all the peopie
of the coustry."
Mr. Meredith estimated that the'
r t I
fall in corn prices had involved a bil-j
' lion dollar loss to producers, while
the decrease in cotton amounted to a1
third of a billion. The situation was
'< f ' * : ?
further made hardet for farmers, he
said, because the labor and materials
necessary to the crop production had
been supplied during the high price
period. ,
; ' " " ? * I
"The American peopleTnust see to
it that farmers secure predit suffi-j
. -cient for their needs," Mr. Meredith
continued, u ,
.. i
| Adequate Price*.'
V "Only thus can they continue to
supply the nations need fof food. I
- " i
. > . think you gentlemen fully realize
that , if the farmer is to continue to
produie and to meet , the food re;
,7 (juirements of the nation, he must
have adequate prices for his products.
The farmer is not the only one who
1 would be adversely efected if. he fail
to secure a reasonable return for his
efforts. I do not think you can fail
to see that the farmers' problems are
your problems, and that your ulti/
mate prosperity depends upon a right
>, solution of the difficulties'confront*
1 * / I
ing the farmer." . |
. The marketing prgblem, Mr. Meredith
said, was the greatest one facing
the agricultural interests. He
i' urged that, bankers assist cooperative.
farnier's enterprises and acknowledg
ed that bankers had alread given
"very great aid* to agriculture. .
Hampton Has Plan.
Washington, Oct. 19.?Issuance of
Treasury certificates of indebtedneps
to the amount of at least $250,000,000
for the purpose of facilitating
loans to farmers was advocated today
T ~
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SHE PICKED COTTON
TO PAY PLEDGE
TO BAPTIST DRIVE
Aged Mississippi Woman ; Picked
Cotton Two Days To Get One
Dollar For Fund < *
* * ''
Nashville, Tepn., Oct. 19.?Firat
honors in the payment of this year's
pledges to the Baptist 75 Million'
Campaign belong o Mrs. .Mary Collier
of Kewanee, Mississippi, who at
thd age of 92, went to the field and
picked cotton two days to make $1
with which to meet this yea's share
of her obligation, it is announced
at campaign headquarters here. '
Mrs. Cottier has been a member of
the Salem Baptist church in Lauderdale
county, four miles from Kewanee,
for 72 years, having united
with it when she was 20 years old:
She has lived to see the fifth generation
of her posterity and is still interested
in the regular church services.
During the recent protracted
meeting in her community she attended
every service except one,
though to do so she had to travel a
distance of five miles/ ,
PEED MACSWINEY IF '
HE BECOMES UNCONSCIOUS
. - ? i
London, Oct. i 19.?Terence MacSwiney,"
lord mayor of Cork, passed
very good night at Brixton prison,
according to a bulletin issued < early
today by the Irish Self Determination
League, it is said he slept some but
seems to have caught a slight cold.
Every precaution however,^ is being
takeq to prevent its development. In
a later bulletin the league says a doctor'has
told MacSwiney that his condition
is becoming inbre precarious.
When he becomes unconscious, the
doctor is said to have declared he
would feel bound }to do all he could
to save the lord mayor's life, and
would feed him as' fast as he could
wffile he was unconscious. ^laicSwiney
is quoted as saying that- if any attempt
was made to feed him under
such conditions he. would again commence
his hunger strike as soon as revived.
"In his present" state of extreme
weakness,' the bulletin says,
"the lord mayor naturally feels such
actiqn of feeding him would only prolong
his torture. He wishes it known,
however, that he is perfectly happy.
If there is any attempt to feed him
while he is unconscious, he will recommence
his hunger strike as soon
as revived, and whether life or death,
for him and his comrades is the out1
' '
come of the present struggle, they
have won their battle and evacuation
of Ireland by the enemy will follow
very soon."
by George P. Hampton,' managitig director
of the Farmers National Coun
cil, who. said he had written to President
Wilson seeking his cooperation^
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1 American bankers
WILL MAKE RE PI
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Statement By Currency Coihptroll
Angers?Division Of Opinion
> /
Washington, Oct. 18.?Technic
' ?? ^AA/)ntAi) #/un AJa/?n ocnj
| yutrsnvma BUICUUICU *VK UWVU?>?<
at the American Bankers' associ
tion convention here were displace
in interest among delegates todj
by the controversy centering aroui
charges of "unjustifiable intere
rates" made against New Yo:
banks by John Skelton Williair
comptroller of the currency.
Officials of the a^oication tri<
all day to avert the threaten)
storm, but it was stated after tl
day's sessions of the various conve
tion groups that there *was a d
mapd by delegate for., a reply >
Mr. Williams' assertions. T]
changes made 'by - the comptroll*
-anil be considered by the commits
on resolutions and later will 1
taken to the floor of the conventic
it was said. '
'i t?
The public? relations committee A
a stateipent tonight said:.
"The general 'expression amor
the visiting bankers-wtfp in criticis
of the attack made by the com]
broiler of the currerity,- the majoril
( of the^n pointing out that Mr. Wi
liams did not . give in his sbatemei
the amount %f money loaned by t3
kew York bankers on call at tl
high rate of interest mentioned. Tl
various banker?" estimated tl
amount so loawedlat 1 to 2 per ceo
Increase Not Proportional
' / i ^ 4 ' % ,
"They are inclined to class mon<
as a commodity and- point out th
there <has been less increase in ti
money rates than, in any other cor
jinodity. It also was.stated "that tl
greater amount of money id beii
-loaned at from 6sto 7 an<f 7 1-2 p<
cent,', while the prevailing low ra
prior to the increase in other coi
modifies was from 5 to 6 per cent
j Sujiporters of Jffr. Williams amor
the bankers, however, said they e
'pected to express themselves "fre
ly" when the question reached tl
, convention floor.. Rural .banke
i were represented , as feeling th
Tthey had not had a "square deal" <
the' hands of some of\ the New Yoi
banks serving them 'as correspon
: ercts.
! Discussion 'Of the Willian
. , /
' charges except into the" - pxecutr
meetings of the various 'group se
' sions, but mention of the attack w
met with announcement t that tl
jsubject was not oJb for any parfcic
lar group to deal with and that pr
parations were being made t8 ha-1
the association express its views fo
mally.
Burglary Rate* Up.
i The insurance committee decidi
to investigate reasons for advanci
rates on burglary and holdup po
cies. Companies writing such insu
ance increased their rates sever
month^ago without giving reaso:
for the advance members of tl
committee stated.
Much interest was manifested i
to recommendations to be made <
federal tax revision by the econoro
policy commission. A plan of proc
dure was formulated by ithe coi
mission, Waldo Newcomer, Bah
more, its chairman, anounced, b
he gave no details.
The commission is expected '
draw up recommendations Also as
transportation,, farm credits, bli
sky legislation and the financing1 <
big business., .
Richard S. Hawes, president i
the association, has written ' mei
bers urging support for the Ai
erican Relief administafetion in E
if
rope during the winter.->He said t
day that the next winter presented
situation as precarious as any shv
the armistice.
k By extending the "food draft
plan aid -may be extended to any i
State funds an aggregate expenc
etration expense, Mr. Hawes said.
A five year federal -highw
building1 program involving wi
tate funds, an aggregate expenc
tare of $1,000,000,000 for ti
period, was urged in a resoluta<
tonight bv the agpicpltur
commission of the association,
was introduced by William i
Edens of Chicago and favored rete
tion of the present i arrangement i
cooperation (between the federal ai
state governments, as "the be
available" plan.
The commission also appointed
committee to draft resolutions wi
respect to bank credit for agrict
tural interests were present to* h
their grievances before the comm:
7 8
1 I .
MAY SOON "CALL '
,Y * UP" FOREIGN LANDS >
ON WIRELESS 'PHONE
i *
er i ' ?
New Brunswick, N. J., Oct 19.?
x Possibilities of "calling up" far off
al foreign countries on the wireless tele*
in phone for reports of important diplo
a- matic situations rfre Wing considered
ed by more than 150 diplomats and
?y State Department officials who <arrivid
ed here from Washington on a spesst
cial train early today. They stopped
rk here on the leg of an inspection tour,
is, of the leading wireless stations along
the Atlantic coast.
5<J The program for the forenoon in?d
eluded a demonstration at the naval
lie radio station here, of the apparatus
a- that kept President Wilson ini telee
phonic connection with America on
to his return trip from the Paris peacd
ie conference. ' , * , ?>
&r j The pafty"planned to leave this af- j
I ternoon for Albapyrand Schenectady,
)0 N. Y., where they will , spend tomor,n
low inspecting tfee laboratories of the
/' General Electric Company) returning
j_ to New Y&rk Wednesday.
u .. * . .
BANKERS WILL REPLY
* '.* tO SKELTON WILLIAMS
/ Washington, Oct. 19.?A committee
to draft a reply of the American
rig Bankers' Association' to the 'recent
^ attack made by Comptroller pt the
Currency: Williams on the banks .of
New Yo^k city, was named today by
v Richard S. Hawes, president of the
16 association. '.> .* , ^ .
10 4 V?' A Jf ; V. 1 4- \ j.
I The appointment of the committee
L^* I fo)l?wed a declaration bv Mr. Hawes.
' in his annual address at the opening
sy that "we'want io challenge the ata*
tack on the integrity o fthe bankers
18 of America."
ie si on concerning lack of bank aid of
lg which they have-complained to var01
ious government officials within* the
* 'last month.* '* * . , ! '
?T J/oseph Hirsch, chairman of the
* commission, saad the resolution
should contain^ a complete summary
of conditions . confofating ,! agrieqle"
tural interests. If the bankers were
ie "friendly to ..t^ie, farmers, they must
back it up with help when the farat
mers need it," Mr. Hirsch said.
*">' ' '" 1
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SUGAR ADVANCES
CENT A P0UN1
New York, Oct. 19?Ever since th
moratorium declared in Cuba lai
week, confidence has been gradual!
reviving in the sugar market and
slightly better demand has developed
The announcement' that a Nei
York banking interests would help i
4 =
A PLAN
Containing 300 Acres, on S
kerille; level, productive, ?
plenty of well* and outbotu
good statd of cultivation
- FOR
to a. purchaser on acceptabl(
whole, or divided into tract*
each. ^
For Price and Terms, app
V Mrs. J. F. Thorntc
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Reduced Roil
QREENWOOD, i
ACC
PIEDMONT FAI
OCTOBER 2
"
'Southern: Railway xp
tickets from Seneca, Gn
Anderson, ami ihtermed
and return 0ctobefa|9th
trairis'scheduled to arriv
o'clock noon October *22
, ing; so ap to reach origins
, fore: midnight of Octobe
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i District $6
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ELL'S M
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removed our place o
n Street, formerly oc
new and sanitary bui
fixtures now cons
refrigeration and are
to cleanliness.
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es Are EsfteaoJ
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and Inspect X)u
its of all meats, fish
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ir continued Datrona
lie best the market a
'ou will appreciate.
ELL'S M/
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.
\
financing Cuba caused a further im- J
9 provement in the>tone of the marfcet
today and recent gains fix raw, s'tf- '
e gar were followed by the first ad- .
it yance in refined sugar * in many >
y months. 1
a , So far only one refiner has israed1
I. a new price. This was an advance jrf
n. a cent a pound to th? basis of 12 #
n cents.
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TAT I ON I
nake Road 6 milet from Ab- B
i*b MTml Tenant Hoilsea* ? ^
ie?, plenty of wood, and . hq /'? ' V
SALE / ?
s terms. Vlftll be ?old a? a
of OnelHundred (100) Acre.
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If to - -JtC:
?n, Abbeville, S. C.
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JLWAY.3YST1M ^|?|
>UNCES I
rtd s -Tiid Fares
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faUTH CAROLINA I
IOUNT.v -:4 J
R ASSOCIATION f
0-21-22, 1920. f
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feducetj round tpia
ier, Greenville," Newberry -li'J
'4t? stations to Sr?hwo7d -f '
to 21st inclusive, and for" '.f* "
G^enwoDdib^rfe^jve^^?
hd, with fihftf .Mmit . rf . I
M Starting pfriotonor be-: ^ ;
' COTNEB, j . . ;
isaenger Agent. ;
tanBurg; S;.G., ;
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f business from S
:cu pied by HilTs j?
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ilding oh Trinity ji
ists of the very j|
second to none |j
Uy Invitej i
n, ffl a
<r Place J
and oysters in K
ge is solicit. We jjj
ifords in meats; '?
lDVITT I
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Abbeville, S. C. ffi
LrararaiznuisJHfafiLrgnirariJi ];
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