Historical Newspapers of South Carolina

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South Carolina Baptists Have Never Failed Us. At a recent meeting of the Gener al Board there was going on a dis cussion as to the probabilities of col lecting the entire amount subscribed in the Sevety-five Million Campaign. Various members of the Board were expressing doubt as to our ability to meet our obligations as assumed by ?us in our subscriptions. /There was .considerable pessimism. Presently Dr. W. T. Derieux, who for so long a time has been secretary of Missions in South Carolina, stood up and said, "Brethren, South Carolina Baptists have never failed us. They will not fail us now. We shall collect the whole amount." There was emotion in his voice and the suspicion of tears in his eyes. As I reflected upon his long and intimate knowledge of South Carolina Baptists, the great work which he has done with them and for them and through them, and observ ed the confidence with which he made the assertion, I thanked God and took courage. Never have I seen a more beautiful and touching tribute to the reliability of the Baptists of South Carolnia. One who knows them and loves them with all of his heart's de votion believes profoundly that they will not fail even in the time of stress and difficulty. He believes that the .consecration of our people will more than overmatch the difficulties of the situation, judged from a financial standpoint. May it be so. God is with us; we are doing a great work; we have vowed that we would give Him so much; let us not fail. Every de partment of work needs it. The king dom of God is going to forward with leaps and bounds. This money must go into His coffers. In reading over a report of the fac ulty of Furman University made in 1872 to the State Convention, I found that there were 45 students in the institution. Of these it was report ed that 20 were professing Christians and 9 had declared their purpose to enter the ministry. Less than half the total number of students were -Christians. How different now, when three-fourths to four-fifths are Chris tian young men, most of them with .considerable interest in practical Christian work. This made me again than God and take courage. We are going toward a better day. The Lord is leading on.-Dr. McGlothlin in Baptist Courier. y fi ? - j. Fertilizer Situation. It is an accepted fact that when the price of crops are low, higher yields per acre must be striven for. Fertilizers have been the chief de pendence of the Southern farmer for pushing up yields in the past. This year he would, of course, like to have fertilizers so cheap that he could -use. them to the limit. But it seems that fertliizers will not be sold as .cheaply as they have been in the past. On the part of the fertilizer manu facturer there is a claim that they -cannot possibly get back to pre-war prices this year. One reason given as to why this cannot be done is, that the industry is carrying a very heavy load of farmers' accounts that came over from 1920. In order to carry these notes the mnaufacturers have been forced to borrow heavily. Yet, in spite of this, losses have al ready occurred on 1920 accounts. In addition there was considerable ma terial bought at peak prices last sum mer for use in manufacturing mixed fertilizers this year. On this they stand to lose. The fertilizer industry is under writing the farmers of the South to the extent of about $150,000,000. Had the fertilizer manufacturers closed in and collected all the far mers' notes when they fell due it is probable that there would have been widespread financial disaster. Instead of a ruthless policy, toler ance has been accorded the farmer. This policy has burdened the manu facturer so heavily that it is claimed that fertilizer prices cannot be re duced and further during this sea-j son.-Progressive Farmer. Effects of Constipation. Constipation causes a stoppage of the sewerage system of the body. The poisonous refuse matter that should be carried away is retained in the sys tem and often poisons the blood and causes numerous disorders. No one can afford to neglect his bowels. A dose of Chamberlain's Tablets will affords relief. Avoid drastic cathar tics as they take too much water out of the system and their use it likely to be followed by constipation. Hold your head up. Don't be a grouch, but smile. Things are not what they seem. YONCE & MOONEY. Suellen's Arnica Salve fte Desi Salve In The World. 15,000 Bales of Cotton Shipped by Export Company. New Orleans, Feb. 18.-The first transaction of the Federal Interna tional Banking Company ,organized here recently under the Edge act, in volving the shipment of 15,000 bales of Mississippi cotton to Europe, makes an important step in the move ment to relieve southern producers from the recent hard times, accord ing to local financial observers. With a subscribed capital of $7, 000,000, twenty-five per cent of which has already been paid in by member banks, giving the organiza tion a borrowing power of $17,500, 000 to begin operations, the first, ac tual transaction, involving about $250,000, is only minor compared ,to what is expected by promoters of the bank to follow in rapid succes sion as fast as foreign loans can be arranged. This transaction is typical of the kind of service to be given southern producers, officials say.' It will be made a precedent for handling fu ture shpiments and through the plan of extending long term credits to European purchasers, paying the producers in cash, the new bank is expected soon to have an. important place in the financial scheme of the nation. The bank will, handle all kinds of southern products as well as cotton. Deflation is Impracticable. Reginald McKennan, formerly fi nancial secretary of the British Treasury, now a director and chair man of the London Joint City and Midland Bank, Limited, an expert, in high finance, with a broad vision of world affairs, last week at a general meeting of the bank stated, according to the cable dispatches, that the Gov ernment's proposed deflation policy, involving dear money and rigid re striction of credit, was impractica ble. Permanent monetary deflation, he said, could be accomplished only by a reduction of purchasing power, which would necessitate a decrease in the amount of the great war loans outstanding. Curtailment of the war; loans, in turn, would be contingent upon paying a part of the national debt. This payment could not be made by additional taxation, but by economizing expenditures. "Any at tempt at deflation of this kind would only end in the strangulation of bus iness and in widespread unemploy ment. Any premature attempt at monetary deflation by methods which do not touch the causes which pro duced inflation must lead to disaster." So speaks one of the foremost fi nanciers of the world, and every word that he utters is the solemn truth. They have not sought to de flate in England as the hobby-riding pawnbrokers of America have done. While we were deflating England was still inflating, for (productive pur poses, and getting a foothold in trade that will bring her back millions in the days to come. They knew over there that the sort of deflation our ameteur experimenter in the treasury was practicing could only lead to dis aster. They have seen th? disaster, come. A government in Great Brit ain that had arbitrarily lopped eight billions from the value of domestic agricultural prices in one season would have been kicked out of office so fast that the cameras could not have kept pact with it. There is not an honest financier in the world who does not know that the scientific and honorable way to deflate is to increase production and cut down wasteful cost in production. Members of the Federal Reserve Board repeatedly so stated. But that process was not fast enough to suit them. They knew that they had it in their power to compel deflation by refusing to let money be loaned, without previous notice to the public and without public warnings of any kind, so they decided to go ahead on that line, knowing the disaster that would result. . When any man says that the panic through which we have been passing was inevitable, he is either financially stupid or he has a motive for pre tending what he knows is essentially not true. The return to .normal could and should 'have been orderly. It was not orderly, but became a rout, be cause Secretary Houston and the Fed eral Reserve Board were overwhelm ed by their own propoganda and, by confession of Governor Harding, in September lost control of the sit uation. Directors of a private busi ness enterprise, on a similar presen tation of facts, would immediately have been asked for their^ resigna tions had they not been sufficiently appreciative of the properties to have offered them voluntarily.-Manufac turers Record. Keep your eyes and ears open. Good times are just ahead. YONGE & MOONEY. BAPTIST 75 MILLION CAMPAIGN MAKING GOOD PROGRESS, COMMISSION REPORTS. CASH ROUND-UP IN SPRING Effort Will Be Made During March and April to Secure Cash on All Pledges Due to May 1, 1921. DR. J. B. GAMBRELL President Southern Baptist Conven tion, who wi" tour the South Up to Cecember 1920, . Southern Baptists had paid $16,851,100-68' in cash on their subscriptions to the 75 Million Campaign, according to an an nouncement issued ?by the Conserva tion Commission, which is looking af ter all the general interests of the campaign. This sum has been appor tioned among foreign missions, home missions, state missions, Christian ed ucation, hospita-ls, orphanages and ministerial relief, in accordance with the original campaign program. While the receipts from the cam paign have enabled all the agencies of the denomination to greatly .enlarge their work the returns have not been as large as the best interests of the work demand, it is said, and the local churches throughout the South are asked to join in a movement to bring up the payments on all subscriptions due by May 1, in order that the dele gates can go to the Southern Baptist Convention at Chattanooga, May 12 with a clean slate and all the gen eral work adequately provided for. Will Hold Day'of Prayer. Inaugurating this spring cash round up campaign, February 27-March has been designated as intercession week by the Baptist women of the South, while the entire membership of the Baptist churches is asked to join in spending Wednesday, March 2 as a day of prayer for God's blessings and guidance in the further campaign work. After this special period of prayer the remainder of March will be given over to enlisting all the members of all the Baptist churches in the South in the matter of completing the cam paign program by paying that por tion of the subscriptions due by that time, and in bringing the members to see their obligation to support God's work through the dissemination of the doctrine o? stewardship. April has been designated as loyalty month and during that time effort 'will be made throughout the South to bring Bap tists to realize that their loyalty to God and His work demands the pay ment, where at all possible, of their pledges to the campaign. Southside Tour Is Planned. In order that the subscribers to the campaign may be fully informed on what has been accomplished with the money they have contributed so far, and as to the needs for the comple tion cf the* campaign program, a se ries of informational ad inspirational meetings that will reach into every state in the South has been planned for March and April. TMese meetings will be featured by addresses by Dr. J. B. Gambrell, president of the South ern Baptist Convention, and Dr. E. Y. Mullins, president of the Southern Baptist Theological Seminary, who have just returned from a six months' tour of the mission fields of Europe, and who will tell of conditions they found there; Dr. L. R. Scarborough, general director of the campaign, and other persons of prominence. These meetings will be held at central points in the various states, and from these central meetings associational and dis trict rallies will be formed in the hope of taking the campaign message, to all the people. .? Large Relief Work Done. Secretary Love of the Foreign Mis sion Board reports that Southern Bap tists, within the last few weeks, have contributed $147,284.20 in cash for the relief of suffering peoples in Europe and China, above their campaign con tributions, and that the Baptist women of the South have contributed $100, OOO ? worth of first-class clothing for the needy families of Hungary. Your New Year Office Supplies Look about your office and see what you need in office stationery. We are better equipped than ever to supply your printing needs. We have re ceived new type faces and carry a well selected as sortment of paper of all kinds. WE CAN PRINT ON SHORT NOTICE TYPEWEITEE HEADS LETTEE HEADS NOTE HEADS BILL HEADS STATEMENTS ENVELOPES' OAEDS CIBCULAES CIECULAE LETTEES MINUTES CATALOGUES BEIEFS We guarantee satisfaction on every job of print ing we do. Your money back if you are not sat isfied. * \ Mail us your orders or call in person and see the stock we carry and the kind of work we do. OUR PRICES ON ALL WORK ARE REASONABLE ADVERTISER JOB OFFICE