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TOAQTT orrespondent artially Agree -Sustains As ci -the Editor of Th -have read with ve e res.t your editorials com ations from vario arties, and I am rather disposed to believe e nearly right in your conclu I cannot quite agree with your s of the action of the officers planters' association in trying dge holders of cotton to con to hold for 15 cents. I doubt if i will reach-t'hat price and I doubt if it -will benefit the producer of cotion in the long run if it does, but still I fully sympathize with the motive which induces the effort. I fully agree with you that the ideal to be desired is your plan of an un derstanding between the spinner and the grower as to a price and the effort to hold it at that, Ibut how is an agree 1nent to be come to when the spinner, as a rule, always on a declining mar 1cet, waits for a further dAecline; and their scant numbers and their knowl -edge of the utter lack of organization among the farmers makes it compara tively easy for them to wait on a de cline and catch the discouraged farm er at 'his moment of weakness and drive hard bargains with him. This, -added to -the effect it has always here tofore had, induces them to believe -that a drop of a cent means a drop -of another cent and that all they have to do is to wait 'to buy cotton (which at ruling prices will pay them a hand some profit) at a price which will -show an exorbitant profit. This has been their . rule so invariably that I defy proof of mills ever having bought heavily on a rapidly declining market. Mr. Theodore Price -has, I suppose, spoken the mill sentiments with great regularity; -whether as leader or as a follower makes no difference, but they generally have moved together and on the recent 'decline, which is fresh in the memory of everycre, the mills bought only from hand to -mouth, and are no better supplied now tha~t Price has met his Waterloo than they were when he was daily knocking the p'rice down heavily by ingenious misstate ments and no less disingenious deduc tions. -Going back to Igo4, we read when -in November the proof of~a mammq'th crop -first became indisputable, Price came durc in a public statement show I- ing, apparently indisputably, that the price would inevitabfyKgo lower than 3 cents and urge~d the farmer to sell at theimurrent price of less than 7 cen.ts. The farmer practically -an swered, "I can't disputce your reason ing, but I have the cotton and won't sell at your figure and won't take your advice; whoever wants my cotton must pay io cents or I will hold it." The result has been .that it all sold around the -farmers' figure and in the end Price was enthusiastic on the -bull side. But on February 15, 1905, 'he was on the bear side and writes: "iThe more thought and investiga !tion I give to the subject The more. r We have k know.the bes and have pi< them. THE CI versible Disc am convinced of the follow ositions: . That the cotton market is ower (it was then below 8c). cond. That the decline, if de d, will ultimacely be much great n account of the delay. Third. That .the prevailing ideas greatly exaggerated the cost of pro d'uction, which this year does not ex ceed 5 cents per pound. "Fourth. That 9,ooo,ooo bales of this crop 'has been sold at an average of 9 3-4 cenEs per pou)id and if the balance can be sold for 5 cents the average will be over S cents per pound. "Fifth. At 8 cents there will be a profit of at least 6o per cent, on cost of cotton. N. B.-This allows less than 5 cents as cost of production as 6o per cent of 8 cents is 4.80, which leaves only 3.20 -for planting, picking, ginning and pressing, rather a scanty margin." About this time the farmers' refusal to follow Price's advice began to have its effect, and having, with his usual adroitness, changed to -the other side, on June 28th he writes advocating higher prices. Tihese facts foreshadow extraordinary advances in the price of cotton. Having given his estimate of the crop at nine and a half million bales he goes on to say, with a view to getting at the views of the trade, the following questions have been sub mitted to the members of the three leading exchanges of the world, and the replies of 50 from each exchange gives as follows, on a crop of nbt over io,ooo,ooo bales: New York exchange, 15.12 cents; New Orleans, 15 cents; Liverpool, 15-.52 cents. Not very long after this he changed again and all are familiar with his re lentless campaign which yesterday culminated in his defeat; but mil lions have been lost by his accompli ces or dupes. I fully agree with the State in think ing that a close alliance between the farmer and the .mills is the great de sideratum, but how can it be secured? The farmer -will probably be willing, under existing conditions, 'to enter into an agreement to sell 'his future crops at io cents, but have you the remotest idea that any considerable per cent of mills will agree. We have seen that in the past that no mill has ever bought more than from hand to* mouth on a falling market. The practically universal ru.le of the mills has been to only meet their most pressing demands on a falling market, no matter 'how great their profits may be. Our papers have undertaken to say what is a remunerative price; gener ally fixing albout 1o cents, and they have, as a rule, criticised severely any holding for prices above tbhat, no mat ter 'what price the farmer was comn pelled to accept in years past, and are too apt to call out the moment 11 cents or more is demanded .that you are destroying the profits of, the mills. I think the work the association has already 'done has done incalcuable good to the .farmer and I feel the greatest sympathy for the officials, even when I do not agree with their views. Whether cotton can be put up een in th.e Il t. We have ked the Cha IATTANDOGA REVEE Plow built to 15 cents is, I think, very doubtful, but I have no doubt that the effort will put it much higher than it will go if nothing is done and the mills are al [owed 'to 'have it at what they think the farmer should 'ake. What cotton is worth is hard to say, but at even 15 cents, clothing from it costs less than that made from any ther material. During the war cot ton was bought eagerly at $i a pound and for years after the war averaged above 20 cents, but it was all taken and used. N't coun.try on earth can successfully compete with the sout'h In cotton. I.t has been repeatedly tried and always has failed. I am in fa vor of letting cotton planters, like oth :rs. get all they can for what they make and while I sometimes think -he officials of the association make istakes, I believe in dwelling more >n the facts they have .demonstrated than on their comparatively few er rors. "Cotton." Dress 4'. There is one th always count oni nished by us, and Our Furniture is the Our Styles A Nowr Pric Nowis your time to new stock. We have moved our e to the double granite fr liams, on upper Main opening the most corn ever opened in Newber the celebrated H amiltol She Icli O U VPLEMENT handled all ttanooga aft ISIBLE DISC PLOW *1Ha IMPORTANT NOTICE-If my cus tomers want to get the balance of rheir winter shoes at old prices they had better come as early as possible as I am having to pay from ten to fif teen per cent advance on all I buy now and I have marked nothing up that I bought at old prices. A. C. Jones. NOTICE OF FINAL SETTLE MENT AND DISCHARGE. NKtice is hereby given that the un dersigned will make a final settlement as Executor on the estate of Minta Titus, deceased, in the Probate Court for Newberry county on the 29th day of December, 1905, at Ii o'clock a. m. All persons .holding claims against the said estate will present the same .duly attested by said date and all persons indebted to tihie said estate will make payment. Jno. B. Morgan, Executor. ing. that you can n*the homes fur that is "Comfort." NAWARs re the Best, is Are the Lowest. buy. Inspect our big, ntire stock of furniture ont store of R. C. Wil street, where we are plete line of Furniture ry. We are agents for ni Pianos and Organs. $ummor business lon standard ma er the farmer is the only si *YOU DOI 'T BUYO *A "Pig in the Bag'+ ?when you select your Piano or ran9 Sfrom the old reliable Malone's=Msc WHouse.+ WE WILL *ship from here, or from the factory. . iano or Organ to your nearest Depot4 andallow YOU tO test it a reasonable +tim beoreyou pay a dollar. Coe m PREPAY *freigh red i Write us at once for catzlogues, prices W.d terms. Address *MALONE MUSIC HOUSE,*' is 1428 Main Street, * Columbia, S. C. HAVE YOUR WATCH Repaired Right. W. D. Rikard Jeweler W B. RIKARD 'isnowin The Herald and News Office where he will do your work promptly and under GUARANTEEG Give him, a trial. Prccesful Re Ta'dCli