Historical Newspapers of South Carolina

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Dial Explains Future A Amendments. Washington, July 21.-Sen N. B. Dial of South Carolina Leli that if the congress enacts his posed amendments to the cotton tures law, the South will be gre enriched, and the exchanges don< serious injury. There is no question but something is wrong. For the S( ?as ? world monopoly in the * duction of cotton, and yet it is c paratively poor. Other Southern i ators are not as sanguine as Sen; Dial. At any rate, even those on committee on agriculture have sh no enthusiasm in the amendme behalf. At the same time, none s Senator Ransdell of Louisiana publicly stated his opposition, J in this matter the Louisiana sen* moves openly in behalf of the col exchanges of New Orleans. The amendments are little un? stood. For that reason, Senator E speaking in the senate, has endear ed thoroughly to explain them, that effort he spoke in part as : lows: "It is generally believed that th is something radically wrong-J ?has always been wrong- in method of marketing the cotton cr The question is to find the def and to apply the remedy; both : apparent. The wrong is the ind initeness in the contract and i remedy is. to correct this. "The interest of the grower owner of spot cotton and the inter of the buyer of a contract is ider cal until the time when the buyer a contract disposes of it, both W? the price to advance. The seller the contract desires the price to < cline and when this takes place, t price of spot cotton falls. There i only ten grades of cotton tenderal under the law. I have no objection increasing the number. The sell has the right to select whichever these ten grades he desires. Contracts Must Be Fair. "The future market controls t price of spot cotton, therefore, it absolutely essential that such a co tract be fair, equal, mutual, equ able and just. "The contracts are bought a: sold on the basis of middling, and case that grade is not delivered ai some other grade is tendered, t secretary of agriculture has the rig Tinder the law to fix the price of tl .other grades at the average price ten spot markets. "When maturity day is approac ing, the purchaser, not knowing wit in ten grades of the quality of tl cotton that will be tendered him na urally sells out, hence the market top heavy. True it can be said th; there is a purchaser for every co: tract, but the fallacy of this argi ment is that he is not a purchaser i value when, he does not know tl quality or the grade he will receiv and he will only buy at a depreciate price. This might be unobjectionab] between the purchaser and the selle because each acts with his eyes ope] My unending complaint is that sue a system depresses and depreciate ?the price of the actual cotton an that the farmer has the brunt t bear. There is no similar "custom o .law in the world. This reverses th usages, laws, and customs of all bu= iness and is an abrogation of th principles of common sense. "In 1920 there were grown in th United States 13,340,000 bales o cotton, and there were contract sold on the New York and New Or leans exchanges alone for 128,907, 500 bales, and during that time thc actual number of bales deliverec were 267,700 in New York and 106, 600 bales in New Orleans. This i; outside of the exchanges at Liver pool, Bremen, Havre and othei places. It is probable that every bale .grown in the United States was sold on an average of 25 times over be fore it reached the consumer. Depresses the Price. "We all admit that over produc tion depresses the price of commod ities; this being true, does not over selling have the same effect? Why sliould cotton fluctuate from $1 to $10 per bale in a single day? Goods sold at wholesale are sold on sample. Would any sensible person give as much for a contract for any com modity which could be delivered in ten grades or classes, not knowing which of the ten he would receive, as he would give provided he knew vthe exact quality he would get? For example: Suppose there were only ten grades of hats or shoes allowed to be traded in by law and that con tracts had to be on basis of the mid dle grade, with the right to the seller to select all the quantity in qualities lie desired, would anyone give value for that kind of a contract? The proposition within itself is an abso lute absurdity. The present law is a plan or a system or a scheme which deprives the grower of a tremendous proportion pf the value of every pound of cotton he raises. By alic ing this law to continue, congress unknowingly arrayed on the side the bear against the producer. 1 present law is a great improvemi over the former custom. Under tl custom any one of 32 grades wi tenderabk; this law reduced 1 number to ten. I am not compla ing about the ten grades, but th? is too much latitude allowed the s 1er in filling each particular contra They should, be grouped. It took ci gress exactly 30 years to get the 1 passed, to wit, from 1884 to 19: I mention this to show the slowm with which congress acts-and t must be said to its shame. Not to Injure Exchange. "It is claimed by some that i amendment will injure the < changes. This is not my purpose, am endeavoring to pass a fair, ju equal, mutual, equitable and hom law under which everyone must c erate, and if the exchanges can r exist under this kind of a law, th can retire so far as I am concern? My complaint i;; the injurious effc of exchange operation on the pri of spot cotton. We should be remir ed, however, that there are no e changes where coal, iron, steel, wo< [etc., are traded in. "Divide the ten tenderable grad into three classes, high grades kno\ as Class A, medium grades as Cia B, and coarser grades as Class This is similar to grain contracts. "My amendment requires the s< 1er to be obligated to deliver o] third of his contract in the bas grade in each class and remainii two-thirds either in that grade or the other grades enumerated in th class. This will make the contra elastic enough to encourage tradii and at the same time definite enou? to be practical and more valuabl By making the contract more val ?able we help the price of spot cotto No mill making one kind of thm or cloth can use all of th ten gradi of cotton. Furthermore, I am told i exporter receiving an order for oi grade of cotton, is allowed to fill in either of the contiguous grades, am also told that on the Liverpo exchange the seller is allowed on. three grades in which to deliver or contract." War-Losses: French vs. German. Those who are disposed . to tal sides with the Germans and their ai vocates for a sweeping reduction c the war reparations should read can fully the following vivid presentatio of the "case" for France by the fi mous Paris paper, The Matin. It : printed daily in heavy type, and i what we should call a "box," on th front page of the journal : Cost of the war to France : Seven devastated departments: Ninety-four per cent of her woe production; Seventy per cent of her sugar prc duction; Fifty-five per cent of her electri energy; Thirty-three per cent of her coa production; Four hundred kilometers of rai] roads. And France in three years: Has had to pay $7,500,000,000. To rebuild her ruins. The war did not cost Germany: One inch of soil ruined; One factory damaged; One coal mine ruined; One sugar beet pulled up; One elective cable broken; One rail stolen; And Germany has paid in threi years : One and a quarter billion dollar; to pay for her sins; However, Lloyd George, who ha; on ?the Reparation Commission, one vote, like France, cries: "We must go to the rescue of Ger many: "We must lend money to Ger many." "We must give a respite to Ger many." As it is the English, at present who are most urgent to have France con tinue this ruinous experience, i The Matin might well have extended its comparative statements. While Eng land lost heavily in men and ships, she did not have her cities and towns laid waste, her industries and min eral resources wantonly destroyed, and nas not had to pay out $7,500, 000,000 to rebuild such ruins and re store such devastations. But the picture that The Matin limns for us in these fiery words is a familiar one in history. France has always played the herioc role when ever, in what crisis soever, she has been confronted with disaster. She has never whimpered; she has always "stood the gaff," and she has always stood the torch and the calumniations even of those she has repeatedly shiended and saved.-The State. County Commissioners Meet at McCormick. McCormick, July 20.-This is an off year in politics in this county. It is the year in which the state senator and clerk of court, also sheriff do not have to run, as the incumbent of each of these offices holds more for a term of two years. When the time closed at noon yesterday for candidates to enter the race for county offices there was opposition to the office of ex ception of C. W. Pennall, who is seeking re-election to the office of county auditor. Mr. Pennall has held this office continuously since the for mation of the county and the fact that he has no opposition at this time bespeaks an eloquent tribute to the manner in which he has discharged the duties of this office for the past six years. The first political meeting of the present campaign for conuty officers was held yesterday at Willington and the candidates were greeted by prob ably the smallest gathering of voters ever assembled at one of these meet ings in this county. JDr. R. G. Kil lingsworth, the incumbent who is seeking re-election as the sole repre sentative in the lower house of the legislature from this county was the first speaker today. He charged that the prime object of the last legisla ture was to transfer the burden of taxation from tangible property to the intangible and that while this leg islation was been passed by the house of representatives it had met an ig nominious death in the state senate by reason of the activities of cor poration lawyers in that body. Stand ing on the soil upon which the great lawyers and statesmen, Calhoun and Pettigrew, were reared, Dr. Killings worth expressed the hope that the time would never come when the state house of representatives be in fluenced by lawyers as is the case with the present state senate. He promised if re-elected that he would at all times stand for those things most needed by the people of this county and that their interest would always be his interest. Thomas Moore Ross, who is also a candidate for the house of repre sentatives as the opponent of Dr. Killingsworth, made his first politi cal speech, following Dr. Killings worth. Mr. Ross is a member and president of the McCormick Bar as sociation. He stated that he came to this county upon its formation for the purpose of practicing law which he considered an honorable profes sion and which he had always striven to elevate, that "he had followed his profession as a lawyer continuously since then, with the exception of the period of the World's war in which conflict he served with the famous Thirtieth division and had no apolo gies to offer for being a lawyer. Mr. Ross pointed to the fact that his in terest is identical with that of the farmers and other business interests of the county. He wanted, to serve the people to the greatest advantage and thought that if more lawyers had been in the house of representatives at its last session unconstitutional bills taxing intangible property which would practically bar the develop ment of waterpower in this state would not have been passed and sent to the senate to meet its deserved death. It was from a patriotic stand point that Mr. Ross entered this race -from a desire to serve the people to the greatest advantage possible. Judge L. G. Bell, the incumbent for re-election as judge of probate, as well as his opponent, merely intro duced themselves as well as W. M. Parks, standing for reelection as county treasurer, and his opponent, Joe L. Talbert. The next campaign meeting for county officers will be held at Parks ville on August 1, and it is hinted that the races of the candidates will have warmed up by that time. Charged With Beating Negro Girl at Greenwood. Greenwood, July 21.-Three white men, implicated in the beating of Irene Fisher, an 18 year old negro girl here Tuesday night, were arrest ed late yesterday afternoon on war rants issued by the city recorder. They are: J. G. Deal, a member of the Greenwood fire department; E. C. Johnson, an automobile salesm?n, and Claiborne McDowell, an automo bile mechanic. The girl says that her assailants accused her of taking a $10 gold piece from one of them and then beat her with sticks until her body was lacerated. She claims that the gold piece was later found in the pocket of one of the men. The men were arrested on a. war rant issued under a city ordinance charging fighting. They were releas ed under $100 bond. No charges have been preferred by county officers. The case will not come to trial un til the girl, who is alleged to have been beaten almost to. death, is able to testify, it was stated today. I ?J *9 4 Un ? ipect ed ! a <New US CO - Better, Heavier, Longer Wearing 30x3y_-$??___ No Tax added on Sale ?Now SCO set the high value mark for 30 x 2>l?2 tires when it originated the $10.90 price last Fall. USCO today betters that mark with a new and greate ' USCO-an USCO improved in many impc . nt ways. For instance, a thicker tread-with a surer hold on the road-thicker side walls, adding strength and life to the tire. And the price is $10.90-with the tax absorbed by the manufacturer* Men have always looked to USCO for the biggest tire money*s worth on the market. They always get a bigger tire money's worth than they expect. The CNew& , Better = USCO Cc-ricbt 1922 U.S.TireCo* Ipi legs m mr c5Vb Tax United States lires United States ? Rubber Company _ Where You Can Buy U. S. Tires: V. E. EDWARDS & BRO., Johnston, S. C. Bible Thoughts for This Week Sunday. I BE CHARITABLE :-Brethren, if ; a man be overtaken in a fault, ye which are spiritual, restore such a ! one In the spirit of meekness ; con sidering thyself, lest thou also be tempted-Gal. 6: ?. Monday. ; LOVE DEFRAUDS NOT:-Owe no man any thing, but to love one another. Thou shalt not steal. Thou shalt not covet. Thou shalt love thy 1 neighbour as thyself.-Romans 13: ?8. 9. Tuesday. ; A GOOD NAME THE BEST AS SET :-A good name is rather to be chosen than great riches, and lov ing favour rather than silver and \[ gold.-Proverbs 22: 1. Wednesday. ROAD TO SUCCESS :-Commit I thy way unto the Lord ; trust also . In him ; and he shall bring lt to ', ] pass. . . .Rest In the Lord and wait patiently for him.-Psalm 37: ! 5, 7. Thursday. ;; JESUS SAID:-And I, if I be lifted up, will draw all men unto ; me.-John 12: 32. Friday. LOVE MASTERS FEAR :-There is no fear in love, but perfect love casteth out fear.-1 John 4: 18. Saturday. BOAST NOT:-Boast not thyself, of tomorrow ; for thou knowest not what a day may bring forth.- | Proverbs 27: 1. I fe.? Union Meeting First Division. j The union meeting of the First Di vision of the Edgefield Baptist Asso dation will convene with the church at Gilgal, Juyl 30th, 1922. 11:00 a. m. Devotional services by the moderator. 11:30 Roll call of the churches and reports from the delegates. 12:00 Sermon by Rev. A. T. Allen. Collection. Adjourn for dinner. Afternoon discussion of subjects: 1st. What organization is more re sponsible than any other for the morals of the people of this age? J. H. Cantelou, R. T. Strom. 2nd What benefits are to be ex pected from holding sessions of our Union Meetings?-Rev. C. G. Wells, J. N. Griffis. P. B. LANHAM, For Committee. Consult Your Own Interest by Consulting Us When Buying Roofing Metal or Composition Mantels, Tiling, Grates . Trim Hardware Wall Board Doors, Sash, etc. FROM Youngblood Roofing and Mantel Company 635 Broad St. Telephone, 1697 AUGUSTA, GEORGIA EAGLE "MIKADO"* Pencil No. 174 For Sale at your Dealer Made in five grades ASK FOR THE YELLOW PENCIL WITH THE RED BAND EAGLE MIKADO EAGLE PENCIL COMPANY, NEW YORK The Confederate College 62 Broad Street Charleston, S. C. A Boarding and Day School for Girls. Begins its session September 26, 1922. Historic institution situat ed in a healthy location. Advantages of city life, with large college yard for outdoor sports. A well planned course of studies in a home-like at mosphere. A business course open to seniors and elective course to ju niors and seniors. A domestic science course open to seniors, giving prac tical and theoretic knowledge of cooking. A sewing course for seniors and juniors. A well equipped Library. Primary department for day pupils. For eatalogue and further informa tion apply to the college. Lombard Foundry, Machine, Boiler Works and Mill Supply House AUGUSTA GEORGIA Cotton Oil, Gin, Saw, Grist, Cane, Shingle Mill, Machinery Supplies and Repairs, Shafting, Pulleys, Hangers, Grate Bars, Primps, Pipe, Valves and Fittings, Injectors, Belting, Packing Hose, etc Cast every day. GASOLINE AND KEROSENE ENGINES SUCErfen'S?rniCaSaive 'Pumping, Wood Sawing and Feed fiie Best Salve In The World. 'Grinding Outfit*