The herald and news. (Newberry S.C.) 1903-1937, June 17, 1919, Page TWO, Image 2
STABILIZING COTTON.
Atlanta Constitution.
The Commercial Appeal of Memphis,
Tenn., in an argumentative ed- [
itorial discussion of the cotton situ-|
ation in the south, calls upon the J
people of this section?planters, i
bankers and business men generally j
?to co-operate with the newly-incorporated
$100,000,000 cotton cor-j
poration in its purpose of stabilizing '
the cotton industry, both as to price:
and quantity of production. j
The argument The Commercial^
Appeal advances is unanswerable;!
and its anneal will not eo unanswer-!
?? ?
ed if the people of this section are
awake to their own best interests)
and will co-operate t? secure relief j
from the bondage under which the |
cotton industry has labored for';
lnore than half a century, and from;
which it is just now emerging. <
< "We must mass our resources,"
pays v The Commercial Appeal, '
"mass our surplus and use them for
f TTT7i\. . - .
oar-ultimate benefit;" wmcn is ex-f
actly what the new cotton corpora- '
tien has in view.
In the past the rule has been for
the farmers of the south to market
theirwhole crop?or the major <
portion of it?within a short space ]
of time following harvest. ' <
That has been largely compulsory s
fcv mion of the fact that most of s
the cotton was grown on short-time j s
credit, and th efarmer in most in- <
dances was obliged to immediately
convert his crop into money in order i
to be able to meet his obligations. t
<? The result has been, year - after <
year; glutted markets and conse- <guent
low prices during the few
months of the heavy flow, followed
by a bare market, an eager demand <
2UIU pilCCO UUllIlg bUC iviuaiuuv* |t
of the year, when the farmers had j
little or no cotton to. sell. i
* Hie purpose of this new corpora- 1
tion is to supply the farmer longtnhe1
credit on his crop and at the ?
same time to supply the buyers and t
fepinners of Europe long-time credits f
on their orders, which would relieve c
the farmer from the necessity of t
having to immediately sell his cotton regardless
of the state of the mar
ket and enable him to bold it so long
as desirable, feeding it into the mar- <
icet gradually the year round as the t
demand calls for it. ]
* In that way this great marketing s
- medium, the stock in which is to be! 1
liefcflargely by the:fatfrne*s and cotton
dealers themselves, would serve ^
% \ fell iconr cted with and dependent tipbn
the cton industry precisely as f
an impounding reservoir serves the
manufacturing industry using hydo- ,
electric power?as a storage medium I
in whiclr freshet supply can be con- I
V erred for gradual use as needed. j|
thus the consumer would be
^wranteed a steady supply and the
sk&toeer dependable, even price,
: -Mibsiked by the inexorable law of ;
- -supply and demand instead of varying
quotations, fluctuating according
to conditions and to the eapr&es
'of the. stock brokers and the gambl
.H.Ar* The
Commercial Appeal says:
? 'The packers of the north have
^organized Bo as to carry their own
' ? * ' : Jii- xl I
goods ana give longer creaiis uuua
usual. The manufacturers of the
north have done the same.
. V We of the south must do this.
Cotton growers, cotton merchants
.and cotton bankers must 'combine to
carry our own products. The north
or the east is under no obligation to
furnish us money. It is a matter of
business with them. ,
>- We are under obligation to our
country and ourselves, if we have
resources, to mass these resources
for our own use.
We can not further comolain of
OTonga to us, because of our financial
dependence, if we have in our
.own hands te means of financial
freedom and do not use these means.
- It is our duty to put our credit up
with what we produce. If we want
good living prices for what we grow
we must undertake to help finance
what we grow.
If we want to sell a mill in Alsace
a thousand bales of cotton and that
mill desires 12 months' time, and if
une mm voju give sccuiibjr xv ? vu;
business to help the selling end of
cotton by'helping to carry the loan
with the security attached.
And that explains the justification
and purpose of the new cotton corporation,
which was proposed and
planned by Governor W. G. P. Harding,
of the Federal Reserve banking
system.
Continuing, The Commercial Appeal
"believes that such an institution,
controlled by southern people
' ?and it is contemplated to sell the
stnrk onlv in the south?will brine I
about a condition where we can always
market our cotton at a fair
rate o? profiit."
And it" closes its discussion by saying:
i, '
If we are going to be financially
a free people it is time we were
XXT A. ItATTA cf AA/1 of fll O WQll. !
Otai ldllga f? C uavc ObV/VU UU VUV liuit
ing wall for 50 years. We now Have JI
individual strength. If we combine !
our strength with our common sense : j
and use, at the same time, the finan- j
cial experience of our patriotic
southerners we can go forward to a \
condition of agricultural, manufac- j
turing and financial independence.
We have been in a state of industrial
peonage for 40 years. We. have
the strength now to break these fetters.
If we do not use the strength,
then we are unworthy citizens of this ;
land of splendid traditions and the j"
high ideals of our forefathers.
Undoubtedly the south right now is
confronted by the greatest opportun- t
ity that has come to it in a century c
?an opportunity to unte its forces *
and its resources to the end that it a
may market ixs staple product, for s
which the whole world is largely de- F
pendent upon us, at its real value a
? ? M A xl
and under conditions similar xo tnose
controlling the marketing of the other
great staple crops of the world.
"WETS" ARE ADVISED
TO CALL ON WILSON.
Those in Favor of Repeal Told to Take
Case to President.
: i
W?jcf?inorf.nn. .Tnnp 12. Advocates
)f repeal of war time prohibition appearing
today before ?the House judijiary
committee, were told by Representative
Dy?r, republican of Mis
souri, that if they wanted relief they ihould
appeal immediately to Presilent
Wilson.
Mr. Dyer said he had received no
eply to his cable to the president
lurging him to issue a' proclamation
leclaring the war-time act void.
TEACHERS WANTED.
The ML Bethel-Garmany school
employs a principal at $75 and two
tssistants for $60 each, per monti*
tor seven months. All applications
vill be mailed to Mr. J. T. Oxner, Sec
dewberry, s. C., oy June 14..
Also teachers for three negro
schools, principal at $35, two other
eachers at $30 each per month, for
ive months. Application will be mail:d
to J. T. Oxner, Newberry, S. C?
iy June 14.
NOTICE
The trustees of Silverstreet, graded
schoo will receive application forj
hree (3) teachers until June 15th. j
Principal, salary $65 per month. Two |
assistants, salary $55 per month each,
term 8 months.
Also one colored teacher, salary
>30 per month.'
C. LL Leitzsey,
i-30 5t Clerk.
??j i
'
Condei
/ V
The Nation
Newln
From report
Showing Condition
RESOURCES
Laaas aad lirestarats . . . j
Liberty Bonis and Treasoy Ceitit
cates tf Indebtedness . . .
(
United States Bands ....
Cash asd dee fr? Bub and
United Stales Treasarj. . .
1
1
THE NAM]
B. C. MATTHEWS,
President.
State, Count
I Member
I ^
i Wonder, Why!?Because Beach's j
Oriental Wonder, the great germ'
destroyer and blood purifier is all j
that its name implies. For rheumatism,
indigestion, kidney or bladder i
troubles, stomach trouble and female
trouble. By mail, prepaid,
price $1.00. Address all mail orders
J. L. Oates, Columbia, S. C. Box 477
Notice to Debtors and Creditors.
All persons holding claims against
he estate of Godfrey Harman, debased,
will file the same properly
verified, with our attorneys, Blease
nd Blease, Newberry, S. C. All perons
indebted to said estate will make
ayment of their indebtedness to said
ttorneys.
Harriet F. Harman,
Mollie Harman.
Executrices;
Thos. J. Harman,
J. W. Harman,
"H Harman
Executors.
-13 3t?ltaw
m'THROP COLLEGE SCHOLARSHIP
AND ENTBANCE
EXAMINATION.
The examination for the award of
?
Make This Bank y<
MASTER YC
EXPENSES
and live on less tl
is the only plan
make you Inde]
your future Final
Open a Savii
>
The Excha
OfNewbe
"The Bank of i
* . . ~ 1
'
* \ ' r l .. ' '/ Sy , . '
1844
used Stati
OF
ial Bank of
# - - \
jrry, South Cai
to the Comptroller of tfa
at the Close of Busi
t
11,052,116.87 Capital Stock .
Surplus aid Uwlir
207,780.00 Gredatioo
100,008.06 Depesto
Bifis Payable (?<
Bonds)
116,892.58
Bilk Payable and
11,476,789.45
L BANK Of NEW
T. K. JOHNSTONE,
Cashier.
y and City
Federal Reserve 1
vacant scholarships in Winthrop^
College and for the admission of new
students will be held at the county
court house on Friday, July 4th, at
9 a. m., and also on Saturday, July
5th, at 9 a. m., for those who wish to
make up by examinations additional
units required for full admission to
the Freshman Class of this institution, i
The examination on Saturday, July 5,
will be used only for making admis-1
sion units. The scholarships will be j
awarded upon the examination held
on Friday, July 4th. Applicants must
not be less than 16 years of age.
When scholarships are vacant after j
July 4th, they will be awarded to
those making the highest average at
this examination, provided they me?',.:
I
the conditions governing the award, j
Applicants for scholarships should 1
write to President Johnson for scho!-i
arship examination blanks. These
blanks, properly filled out by the ap-|
plicant, should be filed with President
Johnson by July 1st.
Scholarships are worth $100 and
fre'e tuition. The next session will
open September 17, 1919. For further;
information and catalogue, address j
President D. B. Johnson, Rock Hill,
S. C.
dor Business Home
I '
{
>UR
1
J ^
ban you earn. This
of living that will
Dendent and insure
icial Success.
ngs Account
'/ .? ' ' " "
inge Bank
any, S. C.
the People***
f
/ ' ' '
> ' - ' V
V' v
ement
*'.n ' ; *'
Newberry
rolina
j
p Cnrrv*nrv i
ness May 12, 1919
LABILITIES
$ 100,600.00
ky Profits . . 36,031.20
- i
...... IUUjUW.W t
I
781393.12
med by Liberty '
192,000.00
Re&coaats . 267,365.13 B
a
^
$1*476,789.45
fBERRY, S. C.
W. W. CROMER
Assistant Cashier. |
i
___________________ I
1
Depository !
System
'
rilr^
?>w<at
GIVE GRENADE BANKS
TO SCHOOL CHILDREN
Millions to be Distributed by Treasury
Department to Encourage
Happy Habit of Thirft.
Hand grenades made by the United
States government to bomb the Huns
to destruction are now to be used to
boom thrift. Millions of the little machines
of destruction, with the explos
ive? carefully removed, are to be
given to the school children of the
United States to encourage the saving
habit. The grenades are being converted
into miniature savings banks. ,
They will hold pennies and nickels
and dimes which can l>e converted
into Thrift Stamps. The Thrift Stamps
in turn can be converted into War
Savings Stamps.
Distribution of the grenades in the
several Federal Reserve Districts will
be left in the hands of the district Savings
Directors. In this district the
War Loan Organization, with headquarters
in Richmond, Va., has so ar
Ju Hl
d83fflmx&k
< ^^W51?WB?w&\
** f
. jfl||HMHfeflCn^^^^EH98^^L~,-r
- J $i$
HAND GRENADE SAVINGS BANK
ranged that a grenade bank will be
iwarded to each child, who, during
the vacation period, earns enough
money to buy a War Sayings Stamp.
Some bank In every, community will
lend each child a grenade and at the
:lose of the vacation period the child
will return it, with the money it conam
s, to the bank- There the money
tfill be counted. If the child has
javed enough to buy a War Savings
""i- ? - *Vi/v (rvano/lo.K^nlr will hp his. I
Jtttiliy 'IUC ^i^uauv VUUA ?? - ? ~ ,
jut in all events the cash must be inrested
in Thrift Stamps it not enough i
las been saved to pay for a War Sav- !
pgs Stamp. The grenade-banks are f
>f considerable value and will be i
rplendid souvenirs of the great war,
tnd the War Loan Organization of the
?ifth Federal Reserve District is anx- 1
ous to place them in the hands of as <
nany children as possible. i
i
Thrift is not miserliness, it is get- ]
' "? -IV ^.4
lag a Hunarea cents wunu uui w.
?very dollar.
I
Are you sending out ships, or just
loping that sortiefoody else's will get
tranded on your shore? Buy W. S. S.
>nd watch your own come in.
Don't forget the squirrel?save I
ome of your nuts for the winter that
lways follows the summer.?Buy
V. s. s. x ,
Thrift is the wise use of money?
ooproYidence is its abuse. Buy W. S. S.
?
a
BRITISH THRIFT. a
i
The British War Savings Cora- 5
mittee has become a permanent t
institution in England and the fol- E
lowing declaration has been issued ?
explaining the English attitude
toward thrift:
"Quite as important, both as a f
source of revenue and as a social
movement, is the restraint of luxury,
and growth of economy and ^
simplicity of life among tiie well-tonthprwise
goods and services
will be wasted. War savings ap- I fl
plies to all classes and appeals to I
*11 incomes." J
a vm -J r *
/ 1
*
/
x ~ ' ^1 '
/ t~\\ 'i* ii ^ r
1 v C" Q~
the Fly.
4 .
HOW SAVINGS HABIT
HELPS EVERYBODY ?
Money Invested This Year in Thrift
Stamps Returns in Five Years
Vastly Increased.
On New Year's day 1923, there will ^
begin a remarkable series of dividend
payments to American people,
Hundreds of millions of dollars of
War Savings Stamps sold during 191f
will then be redeemable. On each
News Year's day thereafter for a number
of years there will undoubtedly
be huge returns to the American peo- '
pie of the money borrowed with in*
fcerest.
These great dividend days bring
American bankers new opportunities
and also responsibilities. How can
new thrift habits be linked to thrift
institutions? How can this money,
the product of thrift, be mobilized foe .
further work?
Already the bankers are working'
with the Treasury Department to
continue thrift habits. For people who
save money there is a wide range of ,
thrift institutions that will take
charge of funds, put them to work
safely, and return good earnings. As
the government plans to borrow by ' ^
general education of thrift in every
kind, so the banks and thrift institutions
can aid the government by en
I J
couragiDg; geueijfi ujltui auu uiuiutuft
bigger business themselves.
One of the first steps to be taken by
bankers is that of spreading information
about banks, life insurance, building
and loan associations, federal farm
loans* and all other thrift institutions.
The best way to meet Uncle Sazn'a
tn nrnmntp thrift. ?
UUlfVVTlUg UWUW MV W |r*v?Mvr?
On the broadest possible lines.
Every dollar deposited ih a savings ^
bank becomes available for national
finance. Every life insurance policy f
sold is equivalent'to an indirect loan
to the government Every obligation
assumed by thrifty people such as a
building mortgage is a stimulus to
production and saving, and therefore,
as much a national service as the direct
purchase of government securities.
In placing these matters clearly
before everybody in his community
the banker will live up to his opportu*
anil rwanonsibilities in th#
new thrift movement When the W1-*
lion dollar New Year Days arrive he
will be ready.
TELIS ROW SHE BOYS
WAR SAVINGS STAMPS ,
' . I
Woman Tells How by Intelligent Savings
Plan She Is Abie to Accumu-'
, late Money Which Was Formerly
Wasted. ;
' <
"Save wniie tne money is warm w
the motto of a woman who has established
a reputation both for herself
and her family by the number of WarSayings
Stamps she bought without
apparently stinting in the least Her?
is her system. ?
"The only way to save is to san.
When I have actually saved a quarter
[ put it into a Thrift Stamp without
delay. If I save that quarter on one
thing, and then spend it carelessly for
something else, I have not saved any /
real money.
"For example the other day I went
iown town expecting to pay $10 for
i pair of special shoes. To my surprise,
I found there was a sale that
lay, and got the very pair of shoes r
panted for $7.75. I had saved $2.26.
But how to keep it saved. I knew that
f I simply regarded it mentally as /
>aving, before the end of the month it
?onW be spent miscellaneously. I ' j
vent rfeht down stairs in the store ^ \
ind bought nine Thrift Stamps and r
rtuek those quarters in the Thrift e*rd fl
where they could not set away before Jh
he end of the month.
"I do the same thing when I hare
raved a single quarter or half dollar,
ind I am seriously thinking of getting1
i little penny bank to hoid saved peo?
ties or dimes nntll they grow to Thrift
>tamp size. What is more, I am gMinjr
9 Whnlft lot of fun OUt of thi?
noet fascinating game, the game of
Getting Ahead."
Get that happy feeling?it's waiting
or you with your first W. S. S.
The man who puts his mon?y into
V. S. S. is never "broke."
mt-xrn tenlar and toot
watcii ?uui w??v 0- , ?
uture income will take care of Itself.
Buy W. S. S. and iron will neither
raste nor want. v
i .. ? -- . r.