Historical Newspapers of South Carolina

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The Causes of the Present Hard Times. The situation, so far as it regards agriculture-and it is agriculture which has been hit hardest-may be summarized in a few words: 1. Tho poverty of Europe has se riously crippled the market for our . goods. The latest figures we have on the depreciation of foreign money (October 21) show that the English pound, formerly worth $4.86, Ameri can money, is now worth only $3.46. The French franc, with a pre-war val ue of 19 cents,Js now worth only 7 cents. The Italian lira has declined from 19 cents to 4 cents, and the German mark from 24 cents to 1% cents. 2. The Federal Reserve situation I we have already discussed. We need men with a better understanding of agriculture on the Reserve Board. We also need a more consistent Fed eral Reserve policy, instead of an ex tremely lax policy one year followed by a severely strict one the next year. 3. For Secretary Houston's place j we need a man less ultra-conserva tive. Able man that he is,- he is bound by ancient precedents. McAdoo knew how to meet an unprecedented sit uation in an unprecedented way. Secretary Houston is precise, formal, and regular in a position where elas- ; I ticity and vision are absolutely es sential. 4. Agriculture has never had a ' square deal in the management of j j ' the country's finances. Money is ten . times more readily available for fi nancing manufactures and commerce , than for financing agriculture. The' ( Federal Farm Loan Board must be j put to work again as soon as the Su- . preme Court acts-put to work with r whatever adjustments may be req?ir- : ed to make it fit the -court's decision, j But this is not enough. Some plan for i short time credit must be worked * out. Mr. Lever's plan to have the Federal Farm Loan Board issue se curities based on warehouse farm j products is the best idea yet present- j ed in this line. Every farmer in , America should help him work out , this plan. The war finance corpora tions shyuld also be revived. N 5.Many merchants are not co-op- ] crating as they should in meeting the situation. They were perfectly will- j ing to mark up goods on their shelves . when war forced prices upward. ( Many are not willing, however, to j mark down goods on their shelves, c now that the war's ending has forced j prices downward. ?We heard a day or x two ago of a merchant who had shoes j on hand when the war came in. He I j had marked them up at a profit. -\ Shoe prices rose, and he marked ^ them up again. Shoe prices took an- ^ other rise, and he added another profit. Yet while making three profits I, on the shoes then sold, we doubt whether he is willing to lose one h profit on what he now has on hand. t Such action on the part of the retail- _ ers is delaying buying and is also ? foolish because it is driving trade a from retail store s to mail order ? houses. The cotton farmer lost out in t 1914 when war began, and now in r 1921 he. has seen crop values cut I 66 2-3 per cent. Retailers should r count up the extra profits they made t in war times and be willing to share f some losses with customers now. h 6.Manufactures who made such lt enormous profits a year or two ago ' should also be willing to keep run- ? ning at some loss now rather than 1 throw employees out of work and I temporarily destroy the farmer's c market for his crops. Unfortunately, t however, manufactures have been t tempted to shut down and thereby h both get cheaper cotton and also have I an excuse for a hoavier cujt in wages e of employes.-Progressive Farmer. 1 What Wages Does the Cotton Family Get? The Farm Development Bureau of j the Memphis, Tennessee, Chamber ] of Commerce sends out a blotter on 1 which the following facts are set ] forth: . j "Facts for farmers and merchants: The South's annual cotton crop aver- j ages 12,000,000 bales-produced by 2,000,000 families. Average family j is man and wife and three children, i equals three hands. Average family j produces six bales. Three bales of cotton goes to pay land, rent, feed i bills, feritlizer, etc. Three bales are j left or one bale for each hand at 40 : cents per pound, or $200 per bale. | This will allow each farm hand $16.- : 65 per month. The average appropri- j ation for a pauper at the county farm is $25 per month. Think it i over!" We believe the facts are as stated, | and yet, for the soils and climate of the South, cotton is our best farm i or field crop. If we had been com pelled to live by the growing of corn or wheat or oats, each farm laborer would have to get along on less than $16.65, much less. In fact, if these figures are correct, each farm hand before the war, received less than $5 a /month from the cotton crop. This is not all he received, for he has grown some other things, and has also got a part of the rent from the landlord through day wages and oth er sources; but, at best, the state ment shows that the South has always made cotton for the world on star vation wages.-Progressive Farmer, How to be Healthy. If you would enjoy good health keep your bowels regular and your stomach and liver in good working order. This is easily done by taking Chamberlain's Tablets. These tablets strengthen the stomach and regulate the liver and bowels. They are easy to take and mild and gentle in effect. They only cost a quarter.. 45 cents Kimona Outings, beauti ful patterns, now 25 cents. SMITH-MARSH CO. Wilson Awarded Nobel Prize. Christiania, Dec. 10.-The. distri bution of the Nobel prizes was made here this afternoon. The principal awards- the peace prizes for 1919 and 1920-were given respectively | to Leon Bourgeois of France and Woodrow Wilson, president of thp United States The peace prizes were presented in the storthing during the after noon at a ceremony which was shorn of all ostentation. The literature and other prizes were delivered this evening in the Academy of the Muses in the presence of the royal family. The document presenting the peace prize to President Wilson and the Nobel medal were received by Albert G. Schmedemann, the Ameri can minister to Norway, who read a message of thanks from President Wilson. ! President Wilson in his letter ac cepting the Nobel peace prize, said that if this were the last peace prize to be offered he could not accept "for mankind has not yet been rid of the unspeakable 'horro/rs of war." In the years to come, the president added, there will be "abundant op portunity for others to distinguish themselves in the crusade against hate and fear and war." "In accepting the honor of your award," said the president's letter, "I am moved not only by a pro found gratitude for the recognition of my earnest efforts in the cause of peace, but also by a very poignant humility before the vastness of* the work still called for by this cause. "May I not take this occasion to express my respect for the farsight ?d wisdom of the founder in arrang ing for a continuing system of awards? If there were but one prize ar if this were to be the last I could lot, of course, accept it, for man kind has not yet been rid of the un speakable horror of war, I am con nnced that our generation has, de spite its wounds made notable pro gress. But it is the better part of wisdom to consider our work as only jegun. It will be a continuing labor. in the indefinite course of years be fore us there will be abundant op portunity for others to distinguish ;hemselves in the crusade against late and fear and war. "There is, indeed, a peculiar fitness n the grouping of these Nobel iwards. The cause of peace and the :ause of truth are of one 'family. Sven as those who love science and lev?te their lives to physics or chem stry, even as those who would create lew and higher ideals for mankind n literature, even so with those who oye peace, there is no limit set. ?Vhatever has been accomplished in ;he past is petty compared to the flory and promise of the future." Minister Schmedemann said in his iddress: "The honor bestowed on President hilson is of significance and ofrthe ltmost satisfaction to me. To have he privilege of accepting on behalf >f the president the evidence of his ippreciation of his ,effort to replace liscord with harmony by appealing o the highest moral forces of cxeh ?ation is an event to be cherished. \ . Ie, perhaps ?s much as any public nan, is conscious of the fact that he time is past when each nation :an live only unto itself. His labors lave been inspired with the idea and he hope , of making peace universal. lit is impossible to make a proper istimate of President Wilson and of lis great work for international leacfe until time has revealed much >f that which for the present must >e a sealed book. ... No more fit ing word of appreciation could be voiced than that contained in the resident's message which acknowl edges the great honor conferred upon lim." Good Advice. Take Chamberlain's Tablets as soon as you have finished your sup per and they will produce a gentle novement of the bowels on the fol owing morning. They will also im Drove your digestion and make you [eel belter in every way. Arrival Departures: 6:55 a. ni.'.. 8:40 a. rn... 10:40 a. m._. 8:05 p. ra.-. For additional i G. w: CARTER, Dist. Pass. ? CLEARANCE SALE OF Hats Ladies' and Misses' Hats and Lids for Kids at Your Own Price We must make room for our Christmas goods-Dolls and Toys and things to make the little folks happy. GIVE US A CALL, Norris Millinery Company v . JOHNSTON, S. C. FOR A COMPREHENSIVE LINE OF DIAMONDS, WATCHES JEWELRY and SILVERWARE Suitable for Birthdays,'Weddings. -saries or Pres-* entations, it will prove to your in ter e. u onsult JAMES ALLEN & COMPANY 285 King Street Charleston, S. C. 65 years of satisfactory service is our guarantee. \ Catalog on request. Large Stock of Jewelry to S?lect From We invite our Edgefield friends to visit our store when in Augusta. WV have the largest stock of | DIAMONDS ? WATCHES CLOCKS , I JEWELRY CUT GLASS I AND SILVERWARE S of all kinds that we have ever shown. It will be a pleasure to show o you through our stock. Every department is constantly replenished g with the newest designs. We call especial attention to our repairing department, which has 2 ? every improvement. Your watch or clock made as good as new. J* I Work rea^y for delivery in a short time. I I A. J. Renkl I 980 Broad St Augusta, Ga. lilroad Sehedules Eastern Time and Departure of Passenger Trains Edgefield, South Carolina ern Railway System Arrivals: .Trenton and Columbia._.9:45 a. m. .Trenton and Augusta._.7:50 a. m. .Trenton, Aiken, Augusta, Columbia, Wash ington and New York._._.2:00 p. m. .Trenton, Columbia and Augusta.9:00 p. m. nformation communicate with Ticket Agents J. A. TOWNSEND, ^-gent, Agent, Ligusta, Ga. - Edgefield, S; C. THE t AUGUSTA BEE HIVE * * + is showing Fashions Latest in Millinery I LADIE' READY-TO-WEAR J that fit both purse and figure * * SHOES for the entire family at pre-war prices. ? * One of the best assortment of MEN'S SUITS to be * I found in the city. / * I CLOTHING for the conservative as well as for those t % who demand fashion's latest * _ * -. * WE CAN SAVE YOU MONEY ON I + m .r . * ?fr .fr 4? .fr ag. J 972 Broad Street Augusta, Georgia | ??M"fr-frfr?**??^frj^.H'^ EVERY DOLLAR SPENT WITH US The Augusta Bee Hiye ARRINGTON BROS. & CO. Wholesale Grocers and Dealers in Corn, Oats, Hay and all Kinds of Feeds Gloria Flour and Dan Patch Horse Feed Our Leaders Corner Cumming and Fenwick Streets ? . On Georgia R. R. Tracks Augusta, Ga. YOUR PATRONAGE SOLICITED See our representative, C. E. May. Get Our Drag Saw Prices We have a high power, fast-cutting outfit, forced feed-a complete power plant in itself for sawing logs to any length. Does the work of 6 to 10 men. Lever control of blade while engine is running. Send for Engine Catalog Showing Gasoline Engines 2 to 12 H. P., Power Saw Rigs and Drag Saws, all equipped with Bosch High Tension Magneto. Columbia Supply Co. 823 Gervais Street Starts and Stops Saw roTnMMA <? C Lever Control COLUMBIA, S. C. The Best Foundation * Are your financial affairs founded upon the solid rock of stability or are they resting upon the sands of uncertainty? Upon the answer to this question may depend your future welfare. Do you keep your funds in a reliable bank like ours, where every safeguard is used to protect them? Or are you carrying your money around on your person, where it it subject to loss? Or is your money hid in your house, or buried some where? How foolish! How dangerous! The place for your money is in a reliable bank like ours, where it is safe, but subject to check. The Bank of Trenton, S. C. All checks drawn on The Bank of Trenton can be cleared free of ex change through the Federa'- Reserve Bank. B. B. RUSSELL, JR. R. E. ?ALLEN RUSSELL & ALLEN INCORPORATED COTTON FACTORS 857, 859 and 861 Reynolds Street AUGUSTA, GEORGIA Bonded Warehouse. Liberal advances on cotton in storage Correspondence invited and consignments isolicitedi .gel;?- : ;>* : w i*< : ?<;; ><;*< gggg m : yr; ag : mzm : ji p BARRETT & COMPANY '. (INCORPORATED) COTTON FACTORS Augusta.Georgia