Historical Newspapers of South Carolina

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VOL XLIV. NO. 3 N*IWBFJRRY. S. 0. VIISDAY, T.A;.UARY 8,, 1907.TWOAWEK$15AYIA. MR.'E D. SMITH ISSUES ADDRESS DISCUSSES THE COTTON MAR KET SITUATION. All Fighting the Producer.L-There fore the. Farmers, Having a. Monoply, Should Offer a Concerted Resistance. To the People of Soiti Carolina. We have just pa-ssed through per haps the most peculiar year in the growing of cotton and are passing trough now an e(uially srange onc in the marketing of it. East of the Mississippi a uniprecedented season in the growing of cotton was expe rienced. This section suffered two of the se verest stornis that ever visited the cotton belt. A frost, earlier by three or four weeks than ever visited the belt and with more disastrous results. West of the Mississippi the growing peason was perhaps above the aver age, the gathering season fairly good, the yield lromising to be in this see tion plienomienally large. In the ear lier ginners' reports these conditions and their results seemed to be borne out. In the later ginners' report, tc the surprise of every one interested in the cotton business, the yield in the frost and storm stricken section was surprisingly large and in a like l3roportion the return from the fav ored section was correspondingly small. In addition to these surprising anJ disturbing facts, the New York ex changes miet and widened the differ once in the value of grades so muel: so that the better grades of cottoi in place of commanding the ordinar3 diffevence of 1-8 to 1-4 per cent premium have advanced from 125 to as high as 175 points difference. A man having spot cotton, under these conditions, had no practical idea of what his cotton was worth. 1'n addition to this, the broad price or the future inarket, which in form. er years indicated the value of cot ton delivered in New York and in Ne Orleans basis middling,- now las n< relation whatever to any suci rela tive value. Today, for instance, Jan uary, 'the spot month, is quoted ir New York at 9.47 basis middling while middling spot cotton in th( same marl5et is quoted a 10.75, and the same grade of spot cotton would readily bring 10.75 or more on oum local market. All this confusion is the result of the disturbing factor of the farmers, the >roducers of spol cotton, demanding the value of theil product. Heretofore the price of cot. ton was fixed arbitrarily by the New York exchange and the value of mid dling cotton and other grades was de. termined by deducting the carrying charges from. iere to New York fron tile Newv York quotations. Today the( value of spot cotton in tile South ih determined entirely by the dispos'itior of tihe farmer to sell. In tile last f7w mionthls I hlave vis. ited most of the cof ton growing States, and I found throughout th4 South thmat timere is among tile massem of growers a clearer knowledege oi the general situation and a more prac tical conception of whlat is necessar3 to meet the 'conditions for the bene fit of the producer of cotton, and r clearer idea of the common laws o~ business involved in tihe transactior of brodmaction and sale, supply ani demand, and thlat is surely working a revoutionm in the cotton business It is eliminating to a large extent thlE ,effect of gambling in futures on the value of spot cotton and is rapidl3 divorcing tile gdmbling -factor fron the legitimate trade in the actua Another element ' which is tending to bring about this result is tile fae that the imnprecedented demand foi cotton goods thr'onigh, the world ii ~nabling tihe mills to contract for thei1 uput on a basis where they can paa 4edonerative rprice for cotton ani tUdeclar,e a large diyidend for thei1 t0ktoiders. The Soitthern mills at '~' ng the .advantage of positior osfanotho fayorably.sit led efese -i't e06 sumption of raw cotton is owing to iner the'increase of spindles. cott The rapid increase of spindles in fere the South and the consequent finerease the in the consumptioin of rav cotton by T Southern mills have rendered them a cust potent factor in making it possible to gra" maintain a higher general average for Of I the price of cotton Let no one, how- ig ever, be deceivedl by these conditions P101n in thinking dhat these circumstances fou alone confrone iothie souithiern peopie. ello The cotton exclilhlges, the cotton brok- theii ers, the cotton spinners must. of ne cessity depend upon the margin of dir- eE ference between what the cot ton is the" originally bought, at and what they gra ultimately sell it at for their profit. orde Therefore, to stun up the whole sit-gra uation, it resolves itself into this one lost condition: That the producer of cot ton is the one out of whom must come tola all the profits that are made by every ta other individual who handles his product. In other words, if the ulti- ailo mate sale of his cotton in the form sp of raw material, or the finished pro- solt duct, shows a net profit of one cent so or four cents per pound above that lows whicji lie realized for it, as the case mn may be, less than his produce is ma worth. Now, every man, other than I the produccr, who handles -otton, reas handles it to make a profit ont of it. Offel wo r The logical situation is to get it ten from the producer as low as possible 9 so as to make the margin of profit 1-4 between him and the ultimate con- low sumption of his cotton as great as mid possible. Therefore the buyers of cot- and ton anl the brokers and the mills are cott, seeking to bear the price, while the The producer of cotton must raise the "ri price. -Ile has the world by natural ' law arrayed against him; lie has the Do I ~secii bcst brain and capital employed higl against him, thoroughly, understand. ing the situation, getting statistics, C studying conditions, knowing just when and how to combine their forces to strike him when he is weakest, and j to take advantage of his ignorance olde and hiA lack of means to control the Iigl situation. Now the work of the G Southern Cotton association is to and brintw the producer of cotton in the enil South to a like understanding of their side of the question, and combine ed their brain and capital and to force the the world to divide the profits in cot- T ton with the man who produces it. beet There is no sentiment in this thing; fed( it is an entirely business fight be- city tween the buyer and seller to maintain T a profitable business. The Southern that Cotton association, with this condi- perI tion clear in its mind, has done mis- righ sionary work for two years, and the R sentiment seems to be right through- a d out the South to crystalize the knowl- to e edge and capital of the producer into claii a practical form for his benefit. This pos< calls for*a considerable change and the modifteation of plans heretofore S, adopted. Mal At Birmingham there will be an en- men, tire revision of our methods and mod- the ification of such of our plans as have mat b)een found partially practical up to nexi the present and the introduction of elec those that experience has taught us may to be .necessary. We all realize the A blunders that have been made, but we corn also realize the absolute necessity for deci the continued existence of our organ- isfa ization. Though there is not the pret same apparent enthusiasm, yet there to is a deep. and abiding determination to a in every State in the South to con- be h tinuc the work until the problem isG aolved. The South will continue toG growv cotton for an indefinite length basE of time.' The desire of the grower to app share in~ the profit will continue as for long ast otton is grown. And by a Frl patient application of brain and capi- fan tal, we will solve the problem. tsk In conclusion, I want to urge every nioti ~man who can possibly do so, to at tend the Birmingham convention, and T give whatever .aid he can in helping reqt ;to formulate the now plans of cam- corn Ipaign for another year. vl - on Let me give a word as to the con- 'cati 1ditions in reference to the outlgok for to the price of cotton. Referring to the hield widening of differences between mid- Vilk( dling cotton and the grades above and the grades beldw middling, I want to warn the holders of spot cotton not chic to submit to any sliehi an outrage. war Thefaet of the buaineqss is, beeanse of' POl I rMat$ n@eegq ent ,ase in the amount of low grade mii does not warrant such a dif nce between the better grades and lower grades. ie brokers and those who are ac 3med to sell to the mills certain es of cotton at a certain number >oints above quotations for the grade, and a certain number of ts below for the lower grades, d themeselves unable to got il of the higher grades to fill conitracts, anld colisequenitly the uim of liese grades was advane atpidly. Aid in order to save iselves, the discouit oil the lower es was made equally as great in r to make ill) on wlhatever low es they delivered for what they in their failure to deliver the or grades; and the man who is ing cotton ought not to submit iy such an outrage. there is such a tremendous mt of low grade cotton, and the iiers cannot get. enough high grade m to fill their contracts, they Id not be allowed to discount the :r grades to make up for their Let every holder of cotton de d 'for his low strict middling, i ordinary and ordinary a price ona)bly relative to that which is -ed for the high grades. In other Is, if middling cotton is worth cents per pound, deniand 9 3-4 to B for strict low, and from 1-8 to off, according to the grades be this. It is inonstrous for strict lling cotton to be bringing 10 3-4 1.1 cents, and strict low middling )m bringing from 8 3-4 to 9 ceits. world will need all your low les as well as your high grades. tot sacrilice the low beeause 11ey ilingly ofler a )prelimll on the E. 1). Smith. >dumbia, . C., Jani. 3, 1907. 3OUTH CAROLINA NOTES. r. J. W. Hudson, one of Sumter's st physicians, died Thuirsday It. )al has been received at Clemson everything is ready for the op g Onl January 9. icah Jenkins has been re-appoint ,ollector of internal revenue for itate of South Carolina. tie lot of Dr. Croft, of Aiken, has i purchased as the site for the ral building to be erected in that e attorney general has ruled a railroad agent, while in the ormance of his duties, has the t td carry a pistol. opresentative Lever has wired for legation of representative citizens ome to Washington to press the ns of the state to have the pro d sub-treasury located in one of cities of South Carolina. wveral candidates are after Mayor on's job in Greenville. Alder Hunt and Marshall will be in race. It depends onl the charter ter wvhether the race wvill come off month or in the regular summer ion. .Probably other candidates enter the race. t a meeting of the Hatton Shoals pany, held in Anderson, it was5 dod to sell the property if a sat tory price can be obtained. The ident, R. S. Ligon, was instructed Lavertiso for bids and to, report nother meeting of stockholders to eld. reenville wvill not have league ball this year. The city will not y to the South Atlantic League idmission. This was decided upon ay, and President Boyer and the of Charlotte, who contemplated ng to be allowed to come in at same time Greenville did, were fled. lie supreme court issued an order iring the county supervisor, the missioners and treasurer of Green county to appear before the court Monday, January 14, and show e why they should not be required ake steps to pay certain claims by thle people's Bank of Green r. U. B. Hammett, -who has been fconstable throughout Gov. Hey l's administration, has been ap ted deputy collector of internal nue, sue,ceeding E. HT. Deas, col OUR WASHINGTON LETTER. Judge Gray ror President-Aid For Cotton Manufacturers-A New Ourrency Plan. (By James S. McCarthy.) Washlingtoin, Jan. 5.-In these days of political unrest when the Roosevelt adiinistration is constantly running to new extremes of centralized radi enlisi a:1n.i peri al is il e i eonvietion is r .wing. 11morx hikin e men of bothl 11arties that the eounltr-Y mulst look t o the deilmrats of the <omtlerni state, for conservative leadership and for the inauwnur-at ion of a movement that will restore the -overnient to the lines laid down by the framers of the Federal Conlstitition. Congress man William Richiardson, of Alaba ma, voiced the views of many of his paily associates-both South and North-whenl, on his retiun to Wash ington after the Christmas holidays, lie said: ''The South is getting busi ness-like and conservative. In fact, I prediet the time whlen the Southern States will be relie.d on to preserve the whole union from socialism and radicalism of every sort. In line with this mission,.I want to see tle demo cratie party select for its leader in 1908 that great and able man of stain less character, Judge George Gray, of Delaware, a man whose name is a synonym for conservatism. Let him have as a running mate John W. Daniel, of Virginia, or John Sharp Williams, of Mississippi, and we wil have a ticket to be proud of.'' The 1lureau of Manufactures in tihe Departmeunt of Commerce and Labor has heen collecting samples of cotton 'roods manfactured in foreitn coun tries and sold in China. Japan. Tidia, An.ralia, Turkey, Egypt, South Afri ca, and South America. These samples have been collected for the purpose of giving' to American manufacturers information as to the exact charneter of !Foods in demand in the different markets of the world. Tn order that they may be of the greatest benefit to the cotton industry of the United States they wil be distributed, on np plication, to cotton manufacturers and to chambers of commerce and other commercial organizations located in cotton manufacturing communities. Congressman Fowler, chairman of the House Committee on Banking and Currency, is urging early considera tion of the bank currency bill reported from his committee. This bill fol lows the recommendation of the Cur rency Committee of the American Bankers' association. Some of the leading men in congress are not en tirely satisfied with it, however, and will propose more or less radical mod ifieations. A plan that is attracting a rent deal of attention here is ont proposed by Mr. Victor Morawetz, of New York, which has been formulated with a view to combining elasticity with perfect safety. A central bank of' issue 'ueiu'g out s' thle pui'on in thr United Site.4 MF. Mot a: etz pro poses to secure all the advantages of such an institution by providing for a joint issue department under con trol of a board of managers to be elected by all the national banks and to have authority to issue joint notes to each bank, to an amount not ex e eeding its capital, on payment of a contribution of at least twenty-five pcer cent to a joint redemption fund and upon depoAit of bonds or other approver banking collateral. Au thority would be given to the board of managers or the secretary of the treasury to require an increase in the redemption fund at any time, thus en abling them to check any tendency to an inflation of the currency. It is not probable, however, that this power would have to be exercised, for the provisions for redemption would be such as to make it practically impos 'sible for more of this currency to re main out at any time than would be actually needed in current legitimate buisiness. Mr. Mornwetz would se cure this p)rompt redtemption by re taining the present law as to reservc reqluiremcnts which wvould make it to the interest of every national bank te present for immediate redemption every one of these joint notes paid in over $ts counter. NEWS FROM BACHMAN CHAPEL. All the News Around Bachman Chapel Enjoyable Exercises at Christmas Tree. Much Moving among the Farmers. A Happy New Year to all, is the ,ree(,tIng,s of.V 11 y In' humble_ selribe. CIIIistInas passe( off Very quietly tirlollu411t (Iis section, no aceidens, M11 Illikvhlnness,no IIIisbhia\-ioritioany w. :aS I 1Imve hlearl. But is is 1141t il.!. 11(1\\- ' '01 , (Oni0 Mitv. \\e limve olle of1 tilw. mosf lawalhiding.11 S(1( limn- in) ()Id Carolina. Thell ChrIistmlas tree ait Bachlmanl Chlapel churlch onl ChrIishimas dayl wa s ole of lie most. enjoyable occasion tlIt presented itself to both younig am11d old of (Itis section, beinlg Clrist mas week. Tle exercises e.-an about 2.30 p. ni. Mr.1 Af .L. straul;s, acted as chlair main. The programmes wals its fol lows: Hymn ill Auqgsbirg stntig, No. 142. Prayer by Pastor J. C. Wessinger. Hymn No. 48. Recitation by fourl little girls-Bes sie Epps, Erii Taylor, Thema Wilsoi, Leon Kinard. Recit atiim by five little boys-Hugh ipps, Heriman Wilson, Clyde Wilson, llerman Kiniard, Walker Dean. Hymn No. 31. ?cecitation bytw1i)-- lc p s Ollie Taylor. Hymn No. 352, ''Nearer My God To ihe'. lUpeitationl by Wilbur Epps. lecitat ion bV Hester Belle Kinard. Ilynii No. 46. lveitation liv ftoi girls-Lillie Belle 1-',pps, Loi Kiiard, Lizzie Tay lIor, Essie \Vilsi. Ilymlinl No. 19. Closing add(iress by file palstor, Rev. J. C. Wessinger. All the recitations an( speech by late pastor were very appropria(e. To be brief, the entire programme was Carried out. inl i Imlost cre(litable and dignified manner, which not, only re flected muicli credit uponi the speak ers, but also Mirs. Jilileili, Epps, who had taken so much pains iI preparing them. Mrs. Epps was the organist and the beautiful songs a(d(ledi much to the occasioi. After the speaking w%,as over, Mi. and Mrs. Saita Claus preseited them selves in a very pigaitie style and the beautiful t ree, which stood to the right of the altar was unloaded -of its bountiful gifts of various nature and handed around by Mr. ad Mrs. Santa Clals. The church was packed an( erowd ed from olne sile to tle otlier. It, is good to have such occasionls, when they enn be carried out inl such a cred itable manner. 'Tlhe following is a list of moving i 11ad around I his section: Mr. J. C. Day from iT. I. B. Epps' place to Mr. L. L. Mfoores; Mr. .1. E. Long, who lives (n M.. ,L 1.. ir place, will move in the house vacated by Mr. D)ay; Mr'. A. B. Piester from the 01ld Cook place to his place near St. Philips church ; Mr. Alonzo Kinard in the house vacat.ed by Mr. Piester; Mr. J. D. II. Kibler to his new r'esi denice near' Bachmnan Chapel church; Mr. JTohna T. Franklin from his fathi er's Mr'. N. R. Franklin, to Whitmire; Mr. John E. Wilson from the 01(1 Can non3 pla0ce to the ,Johni Fellers place in the Stoney Battery section. If there is any other moving in this territory it has slipped my memory. Mr. S. N. Beard, who moved fr'om this county thirty-six years ago to Mississippi, is visiting relatves ni this sectioni. Mirs. Willie Sloaan and little son, Arthuri, of Little Monntain, spent Fri (lay night and Satur'day with her sis ter, Mr's. Jimmie Epps. Miqs Ina Wicker, (of the Pomairia section, spent last week visiting rela tives in this community. Mr. J. M. Wilson and sister, Miss Essie, together' with Miss Hlester' Belle Kinard, spent Sat urday night with Mr. M. C. Moore and family of New berry. Mi'. Henr'y Dehardt of No. 61 Town.. ship, is visiting his uncle, Mr. N. S. Fr'ankli n. Mr'. and Mirs. 1). T. Wilson's little son, Elleirbe, is quite sick and their other little son, Clemson, is also sick. There will be communion services att Colony cimren next Sunday. Rev. J. A. Sligh Is accepted a call andot will serve our congregationi at Colony il conilection with his work at St. Pauls the balance of this synodi (,it year. Tlie congregation SeO1e1 highly pleased with Rev. Sligh, and we look forward for a general revival in tihe work of oir blessed old church. Om. schlool at U'nion is moving along nieelv. The roll luis i,one up to for ( \-I wo. Miss 'Tetldie Mayipitl, who is it tent-lier, is uisiti. her btest el Torts to advance the students, hut anything like an average attendaee of, thirty and thirl y-live putpils is too much work ,or' olle teacler, especially when titey aIrt not very well graded. Well, tomorrow is tile day for our lawmakers to assemble,, and those who live will see what they (1o see. I would like to present some New Year thomults to those who desite to thinkl, buit timle Just. now will not.pr llit, so genltle reader, there is nothing better than, to keep the golden rule 14 into others is you would have others do 1111to youl--first. know right, then (o riglit, ind you have notling to tear, and teit one who liv,es right is the one who dies right. It is very dislgreeable tor any f is to be treat ed wrong, but it. is alays better to suffer wrong than to (o wrong. You ('nn just waitelh the man who is coil tiluilly trying to pull some other fel low dowi. 1111d you will Imever fail to see him I,IIIll sooner or later. Cultivate Iove, pealee aind ha11rm1onmy. The only vay Ito brinl.- alboult. real happiniess is (o mauke others hpy ilm yourl h111nb1be serihe, , . T1. J. W. What "It's All Your Fault is Like. To those who have witnllessed the funny S hv i nree, ''It's ill Your Fault.,'' the title impresses the au ditor ats i mosi apt and appiopriate OIle. To tho.- , h have ferver sej :I j piece it mu11st Ie confessed the title is a misleading one, suggesting a slap stiek, tilting stairway, hit-him-on-the head-with-a-bladder, charlicters inl ex aggerat ed make-mips and lidierious costiues, and all that sort, of thing usually resorted to to ''get a langh'' inl le average farce comedy. ''It's All Your Fault.'' is not a farce comeldy inl any sense of time woId. It s a modern farce of tihe highest class. Its characters are ladies and gentlemen, real artists every one of them-at tired in the height of fashion. There are no sliort skirls,ino elownin" or i grimemiir colle dies. Everytling done in this unique Play brings its laughs from the audi Olnee by strictly legitimate methods. Oie noted New York writer. said, ''The farce moves like a full-blown Kansas eyelone, and the action of tle pieCC Was freqIently int-errlipted by i,( rolls of appinause. ( :rltes J1. Stine andl Miss Olive Evans, the stars of Manager Edward R. Salter's splendid orgaization, have wvon plaudits in every p)art of their own land, as well as in London, Paris, Ber'lin, even in far-off Honolulu, New Zealand, A ustralia, China, and1 Jap)an andI South A frica, from which tour they have only r-eturnedl the Past two yearis. Master' Perients, in the r'ole of Arch ibald, thme orphan asylum wvaif, less thant one year ago, was a r'eal Timem Spuaire newsboy in New York City. Thuis precocious youngmt.er, alIthough only 14 years of age, during thme long runii of the farce at the Savoy in New York, seenredc( mnore original news papter space in every leadinig New" York paper than Richard Mansfield and George M. Cohen, thmen p)laying on Biroad(1way, combined. The protdue tion of ''It's All Your Fault'' to be presented in this city b)y Manager Salter will be identical in every <vay with that given the farce during its 100) nighuts run at the Savor Theatre in New York. At the Wrong Time. Wedderly-My wiife dloesn 't speak to mie now. Wtedderly---She was singing "I 1 WVant to. lBe an Angel'' the other mforning and I ap)plauded.-Chcago