The herald and news. (Newberry S.C.) 1903-1937, October 17, 1919, Page TWO, Image 2
" V "
COTTON PROBLEMS
IN CONFERENCE ?
|t
New York Banker Gives Views?New J
Orleans Example. j j
- It
New Orleans, Oct. 14.?Financing t
and transporting of cotton featured 1
the second day of the world cotton |
conference here today, J. Howard Ar- j c
drey, vice president of the National t
Bank of Commerce, New York, as- <
serting that the best type of ware-1
house receipt obtainable is that is- 1
sued by the Great Public Cotton i
warehouse at New Orleans. j c
"The nearer the approach of other j t
warehouses to those of New Orleans j
in responsibility, integrity and proper i
care of commodi'!?s in that degree 'c
will their receipts be accepted in the 1
open money markets of the world," i
said the speaker. "The cotton ware-! f
house receipts of New Orleans are t
obligations of the state of Louisiana, p
"The best instrumentality for' o
drawing to cotton stored in the, a
South is minimum rates of open mar-1 p
ket credit in bankers' acceptance's i c
secured by warehouse receipts secur- j n
ing and conveying title to the cotton h
as provided for in the federal reserve
act.
"A warehouse receipt for a staple
commodity in storage is the only j
document except government bonds ^
on which a national bank may lend .
without limit to any one borrower.
All other forms of -credit are limited
1 1 1A ?? Kanlr'o
vy 'IttW tu IV pel kCUV> U1 vuc uaua ? ;
capital and surplus to any one bor- j ^
rower. An acceptance warehouse P
receipt should come from a respon- v<
sible warehouse assuring cotton ?
against damage and depredation t(
while in storage and carrying un- P
/ questioned title to the commodity." ^
Speaking on the subject of trans- ^
portation of cotton, W. S. Turner of j S
Little Rock ureed that the state con-1P
trol of interstate common carriers j
cease. He advocated a department of j ^
transportation and federal govern-; ^
ment and an increase in the power of; T
the interstate commerce commission, j *
"Rates - on cotton," said Mr. | b
Turner, "are high, but I believe that j ^
our attitude toward rates should be n
to favor higher rather than lower; P
rates just so the party is maintained, j ^
We believe' that our charges for j ^
transportation should -all be expresed I
* ? * ?J j-i-_j. .at.:. 111
m one tnrougn rate ana urni .mis; should
be high enough to make our j
cotton traffic the most attractive of ie
all commodities to the carriers and I *
they should then yield us a service'0
consistent with the charge. There j *
is no doubt but that freight rates j x
should be higher if we are to get the' ^
high character of service necessary
to the economic conduct of our business."
Extermination for the blame for ^
damage to cotton and the necessity a
of better warehousing for the prod- 1
net from the farmer to the consumer j
' * i-A ?x. I ^
were topics Drougnt out ewpimbivuiiy j (
with a spirited debate at times de- j
veloping between growers and the
buyers.
E. A. Calvin of Houston, Texas, ^
said that the "country damage" annually
would build sufficent ware?
houses for protection of the crop in
?. " the South. ^
Governor Bickett of North Carolina
said everybody was to blame for
the damage and denounced the leav- j
ing of cotton in the rain as "a delib- oroto
oprtnrtmic rrimft."
V7. G. Turner of little Rock scored
the railroads for damage to cotton in
transit.
Following the charge from growers
that the buyers resorted to short
weighting, a countercharge was
huuled on the floor of growers deliberately
leaving baled cotton in the
rain to absorb moisture and gain
weight.
Col. W. B. Thompson of New Chileans
defended the growers and declared
it would be impossible to inrrpflsp
aoreave unless a fair nrice
was guaranteed.
COTTON DEMAND
/ SHOWS STRENGTH
Wannamaker Sends Words of Cheer
From Conference.
Columbia, Oct. 14.?A telegram
received at the headquarters of the^
South Carolina Cotton Association
from J. Skottowe Wannamaker, president,
who is in New Orleans in attendance
on the World Cotton Con.
ference, said there is a concerted ac.
tion at the conference to bring the
produced for a term of at least five
years, in order that there may be an
enormous increase in the production
of American cotton.
"It is conceded by the best posted j
men," said Mr. Wannamaker in his j
telegram, "that the most important j
work of the conference is to take j
such steps as will insure the increased j
production of cotton. All efforts;
along- this line will fail unless ihe;
manufacturers change their views as:
S
to the cost of production and abso- j
hrle assurances are given guarantee- j
nig* producers a profit in line with the i
profits being: made on manufactured j
pi Oducts. ^ -r.
.. - j
"If the various interests come t
m agreement on a price not only fo
;he 1920 cotton, but for cotton to b
produced for a term of at least fiv
^ears, it must be a price based upoi
;he cost of production plus a profi
;o the producer in line with the profi
nade by the manufacturer.
"It is generally conceded that th
lemand for cotton will far outstri]
;he supply before the 1920 crop be
:omes available, and that much high
sr prices are an ineviatble certainty
?orty-cent cotton is predicted b;
nany experts before January and 5<
lents before the 1920 crop reache
he market.
"Many manufacturers say the]
lave decided to buy sufficient rav
otton to carry them over into th<
920 crop without delay."
Mr. Wannamaker further urged al
armers to hold their cotton, saying
hey were losing at least five cents t
lound by selling now. The meetinj
f the Foreign Cotton Export Corpor
tion in New Orleans Thursday is ex
ected to accomplish results. If thi:
orporation is formed Mr. Wanna
laker thinks there is no telling hov
igh cotton may go.
FLYING PAR5UIM"
ON RETURN TRIP
ieutenant " Maynard Leave* Sac
Francisco.?First To Start
Back.
San Francisco, Oct. 14.?Airplane
p- oi T <1/111+ R W MnvnarH as
U< Oi WlUi JJtbU?> .JJ T? " ??J ?
ilot and Sergt. W. E. Kline obserer,
left the Presidio here at 1:22
'clock today on the return flight
> New York. This was the first
lane to start the return in the transontinental
air race. Lieutenant
[aynard arrived at Mather field,
ar?rflment.? his first stop at 2:11:12
. m.
' A crowd was on the field to see
ieutenant Maynard and Sergant
Jein hop off on this return trip,
hey climbed into the machine at
:19 o'clock and had considerale
trouble in getting Klein's dog
'rixie which made the transcontiental
flight with them into the
lane. The dog hung back and hac
o be lifted into the ship voicing pro
est.
Tlie plane taxied for several min
ites and then was off.
Lieut. CoL T. S. Bowen, seventl
ntrant in the race to arrive in Sai
^rancisco, alighted here at 11:3'
'clock today in an airplane No. 23
ie came from Battle Mountain an<
vas the first fl^er to arrive today.
MISSOURI LADS SfeT PACE
IN BAPTIST DK1VJ
It remained to six little boys be
-ween the ages of four and nine fror
he congregation of the Baptis
:hurch at Oak Bidge, Mo., a villag
>f 300 people, to set the pace in th
:ollection there for the Baptist 7
tfillion Campaign. Four of thei
rave $25 each and two gave $50.0
sach. Inspired by the spirit of thes
>oys, 41 members of the church ex
reeded the quota of $4,500 by sub
icribing $5,480 at the time, and th
has hoDes of the quota beiuj
loubled.
Subscribe to The Herald an<
'Jews, $2.00 a year.
Saves I
Labor |
Lalley Electric I
Light and Power I
saves labor-for the I
men and for the ?
women, every day |
1 of the year. |
| Lalley Light 11 a complets un/f I
?engine And generator?with
I . 16-cell storage battery. It sup
P plies ample electricity for B
lights, water pump, washing B
H machines, sweeper, cream B
I separator, /arming mill, etc. V
8 Laliey Light Corp. I
B Detroit, Michigan U* S. A* K
OUTHERN STATES SUPPLY CO.
Columbia, S. C., Distributers.
COUNTS h SIIEALY.
Little Mountain, S. C.
0 I
1 y Reasons! Lj
t"' Why you should use
fti Cardui, the woman's !
e tonic, for your troubles, I ^ i
j k | have been shown in
p j VM thousands of letters from 1^ i
- j actual users of this medi- I ^ j
.ill cine, who sneak from
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fARMIl
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- ^ ^rs* J* 'rvin? ?' i
Cullen, Va., writes:
3 "About 11 years ago, I ^,
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^M.1 nlm/vrt Spnf HmiKla r
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. My husband went to Dr. :
After taking about two ^
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around and when I took m
vl three bottles I could do
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Corns Come Off
Like Banana Peel
i
"Gets-It" Leaves Too Smooth As i
Your Palm, Never Fails. i
!! Ever peel off a banana skin? Well,
that's the way "Gets-It" peels off
any corn or callus. It's a Dicnic. .
Nothing else in the world will do it i
^ **2 Drops of 'Gets-It,' Good^r?Canwr
but ^Gets-It" because of the new Be- j
cret principle in the "Gets-It** form- J
ula. "Gets-It" does away forever
with "contraptions," "wrappy" plas- .
7 ' ters, ointments that rub off. blood- t ,
letting knives, and scissors that
enip into the "quick." "Gets-It" I
eases pain. It takes but a second I
!-. a? twA /* noo " There's no 11
(1 fussing: or trouble. It dries immediately.
Ton put your stocking right
t back on again. Your corn will come
e off painlessly in one complete piece.
That's common-sense. It never fails,
e "Gets-It," the only sure, guaranteed,
- money-back corn-remover, costs but
0 a trifle at any drug store M*fd by
n E. Lawrence & Co.. Chicago. III.
q Sold in Newberry and recommended
as the world's best corn
e remedy by W. G. Mayes and P. E.
Way.
GET BEADY
rnn "mi"!
run flu
i
?
i
Keep Your Liver Active, Your
System Purified and Free From !
Colds by Taking Calotabs,
the Nausealess Calomel
Tablets, that are Delightful,
Safe and
Sure. ' . j
Physicians and Druggists are advis- J
ing their friends to keep their systems;
purified and their organs in perfect!
working order as a protection against.
the return of influenza. Thoy know j
that a clogged up system and a lazy
liver favor colds, influenza and serious
complications.
To cut short a cold overnight and to .r
prevent serious complications take one I
Caloiab at bedtime with a swallow of, I
water?that's all. No salts, no nausea, j
110 griping, 110 sickening after effects, jj
Next morning your cold has vanished,'!
I your li\er is active, your system ii pun- I
! fied and refreshed and you are reeling.
fiiie -with a hearty appetite for break-,
fast. Eat vrhat you pleasfc?no danger.1
(' !o..ibrj are sold only in original
I sealed packages, price thirty-five cents.'
Every druggist is authorized to refund
your money if you are not perfect!*,
leliffhted with Calotabs.?(Adv.)
I
Planters i
ItdMHllijUl
rfie Best Mediane#
Womens Special Ills,
foldy W. G. MAYES |
i i
! Rheumatism I
j
! is completely washed out of the system b}
i the celebrated bimar Mineral Water. }'os .
' ! itively guaranteed by money-back offer
i Tasles fine: costs a trifle. Delivered any|
where by our Newberry Agents, J. W
i Kibfer Co. Phone them.
- - " "?"* * * - > ?
Subscribe to The neraiu ana i\ews |
Steel Co
Will last a hundred
Ventilating system
Absolutely fire pre
A nicer looking bu
costs less money.
117111 ^ JJ ??
v ill auu iu uic va
era] times its initial c
Last but not least,
te rat problem for it
proof.
n 4 AA .
Sizes: 1 uu to
Q MA
TV IlbtJclTir
Newber
1 V
Don't Sacrifici
sun
18
Condensed
The National B<
Newberry, S<
From report to the Com
Showing Condition at the CI
RESOURCES
Loans and Investments ... $ 935.823.01
l.ihprtv Rmifk JrPf} War Savings
Stamps t 220,583.13
United States Bonds .... 100,000.00
Cash and doe from Banks and
United States Treasury . . . 125,230.67
Oft 1 /?o/? Ol
}i,J81,DJ0.01
THE NATIONAL BAM
B. C MATTHEWS, T. K. JOH*
President.
State, County am
Member Federal
inn I nnc ^
Ill V11UO I
!
c
J
i years.
nreventinff weevil. ^
I " o 1
>of.
lilding than wood and
x
lue.of your farm sevost.
J
'
: : -fi,;
fkte kml/lmrr cnlvac
lino uuiiuiug owy va
is 100 per cent, rat ' i
J
3,000 Bushels "
T ? i
"
lTTHEWS ,
ry, S. C.
' i
r $
'
e Your Cotton
1 WTO i
. U O .4
44 I
t . *
Statement
>F
1 /I IT 1
ink of JNewberry outh
Carolina I
b
ptroller of the Currency
lose of Business June 30, 1919
LIABILITIES !
[
' \
Capital Stock $ 100,800.00 \ ^ A
Surplus and Undiyided Profits . . 34,600.51 9
Circulation 100,000.00 - 1
Deposits 841.350.97 1
Bills Payable (secured by Liberty
Bonds) 177,000.00 ' j
.. - 3
Bills Payable and Rediscorats . 128,685.33 $1,381,636.81
- 1
===========^^
OF NEWBERRY, S. C.1
^STONE, W.W.CROMER .
Cashier. Assistant Cashier.
d City Depository L 1