Historical Newspapers of South Carolina

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BOYCOTT DECLARED FARME Is the Federal Reserve Board Sand B Reduce Price Cotton Goods? Fa Rout Into Victory? (By W. B. Thompson.) Once more the cotton Smith is call ? nvicr> and fitat its buttle i CU upuii ?/v against disaster. The crop now growing lias been ! "brought to its present stage of de- j velopment under the most unfavor- ] able and difficult conditions and at a cost much greater than that of any' crop ever produced. Yet October j cotton sold today at 30 cents, and j predictions are freely made that \ when the movement of the new crop ! becomes liberal the price will be 25 j cents per pound or less. Cotton on the spot is quoted at some 8 3-4 3 nkwo m-irn of cents per pounu aw*^ ^ October contracts. j It is wholly unnecessary to say to J those who are familiar with the problem of cotton production that the i prices now prevailing for October | cotton would be ruinous, not only to -the cotton producer, but to the cotton producing industry. It is, therefore, imperative that the producers and their allies, the merchants and ! bankers, shall unite to prevent the j personal and general disaster im- \ 117,-fV, nrnner cooperation pcnuiii^# T? ivi* ? _ _ _ A on the part of the interests in question, there is no doubt but that the cotton farmers can bring confusion upon the heads of their enemies and prosperity upon their, own. No Friends. . J In these drab days cotton has no friends and the cotton farmer is regarded as the legitimate prey of selfish business and political manipulators. The commodity upon which the world depends for clothing has become the despised puppet of speculative and political propaganda, while the men, women and children - who wear out their narrow lives in the production of the commodity are being'crucified for considerations of greed and selfishness and political exigency. Jtieretoiore tnu tuuuu producer in his fights to secure a decent living out of his product has had to contend only with his natural adversaries?the spinners and the pirates of speculation. Twice within the past two years he has met these opponents face to face and twice has he whipped them. In the fall of 1318, by his courage he repulsed the spinners and bear speculations in their efforts to stampede him, and again in the spring of 1919 he routed these adversaries through his determined stand for holding and acreage reduction. But in the present emergency the ' cotton producer is called upon to defend himself against not only thesd natural antagonists but against these j ?airioH abetted and en- ' <?li td^UIlltTCO V*A V*... _ _ couraged by the most i'^wcrful agency of the United Slates government. Federal Reserve Board's Activities, ' I refer to the federal reserve! board., In all fairness it must be : agreed that in its participation in the ' solution of the deflation and read- j justment problem this board is in-! volved in a most complex, difficult j and stupendous task. It was entirely ; proper that the federal reserve board : should assume the lead in the move- i ment to restrict credits in so far as j speculative ventures, non-essenucn j industries and promotion schemes are j concerned, but in so doing: it was j not necessary and it was most unwise to strike at the foundation ot! j all industry and all productive enter-1 prise by shooting the virus of fear! into the financial and economic body | of the nation. J The announced purpose of the board was to curtail speculation in ^ nnr? + r\ rpdnrG the COSt tunniiuuiuto w, of living. The result of its efforts ho ; far has been to paralyze construe- j tive speculation while destructive speculation runs rampant and unopposed. They have chloroformed the bulls and galvanized the bears. Although by throttling production some declines in certain items of living j cost have been brought about, yet by ; the same act the predicate has been : 1 * 1 j? ? ^ + .^v-s^ rv Sll>) JciMl iUi <V in ii w \_ j. | plies, for the highest prices ever< known and for widespread industrial ! disturbance. The board is proposing j to restore an intoxicated nation to | normal by weakening the action of its heart. Panic Propaganda. However, it is not to the general j policy of the federal reserve board, i no matter how injurious that policy i may be, that I desire to direct special attention. I want to point out as strikingly as I may a deiinite, ?i- ; reel anti aenoerate blow aimca .\>\ , the said board at the price of rawcotton and against the welfare of the cotton producers. In the newspapers of Friday, July SO, 1920, appeared what was stated j AGAINST ' t\ i t:?\ wwsr? r^Ttir\r\< Tr*l & AND H15 rKVL'UU a~ging Cotton Farrr.cr? Wliv Nc rrr.cr Has Opportunity to Turn v Situaion Not Hopeicss. oral situation made pui>i!C ny i> federal reserve board. it was rea: suring to the spinners and tl*.e he; speculators in cotton but not so t the cotton producers, in the sai article the following statements ?] peared: "improvement in the cotton. cr< prospects during the month were (i r.iovofj ii\' thr> honrd io have redticc any anxiety that had been felt in tl cotton goods trade concerning a pro pective scarcity. . . "A reduction in activity in cottr goods was noted during the niont many New England mills reportir supplies of raw cotton sufficient 1 last until next year. . , .v : Under the existing condition l when the cotton market was aimo I in a state of panic, these partis: J statement? might have beeti expect( from the dope works of a bear rai j er, or from the propaganda depar ; ment of the united spinning industr I but certainly not from the feder j reserve board of the United State I In the first place both of these stat ! ments are misleading if not absolut j ly incorrect. It is true that the en has shown material improveme: ' over the desperately low conditk | of two months ago, but the fact r j mains that this same crop had tl ^..1 lat j v? 01 st st-ciTty on rccuiu, liic4v iu iw - ! that it has yet to pass through tl , most critical period of its life ai j that the boll weevil is more or le 1 plentiful throughout practically tl entire cotton belt awaiting the A ' gust period wherein it is always mo destructive. The' spinning industi I and the contract short would like believe that cause for anxiety hr been removed, but 1 doubt serious that they can feel secure until tl ^vitiVa] oeriod has been passed ar the forecasted crop made and picke or unless they shall be able^in tl meantime to stampede tho produo into panic and ruin. If the reser board sees fit to enter into a discu sion of the market situation it wou seem only fair that the producer side of tiie argument should be giv* a hearing in his present struggle fi economic existence. The board in the ^aid statement quoted as saying that many Ne " 1 ? ? minnlii England mills nave a-puuv,. ? of raw cotton sufficient to last unt next year. The obvious purpose at the inevitable effect of such a slat ment is -,o create the imprcssionwithout actually making the asse tion?that the mills generally wei already supplied with enough ra material to run them until nc: year. This implication is not on exceedingly injurious to trie iw.u producer in the present emergenc; it is. if the statements of anoth; department of federal jrovenrmei are to be believed, absolutely inco rcct.. The federal census bureau, in i report to the end of June, publish* July 14, states that the total amoui of cotton on hand in all consumir establishments was in round %un 1,555,000 bale?;. The same repoi shows that consumption for tl month of .T ? was in round fiure 555,000 baiet, and that the averag consumption for eleven months*wj just about the said figures for Jum With a consumption of 500,000 bah per month this supply would be e: hausted by the end of September! Why Pick ca the Cotton Farmer? "Unf rpp-ardless of the correctne: * - Jr> ~ or icorrectness of the said stat< ments and implications, the questio arise' is to why the reserve boar see~ to publish these ex pari statements and injurious surmises < all. I can well understand that th board from both patriotic and polit cal motives desires to reduce the hi*: cost of clothing and cotton good but why put the ^burden upon tl" ? n r. producer of raw cotton: n i* <i ?..? ter of common knowledge that tl spinners' profits during the past t\\ years have been prodigious, when?? it is a matter of serious doubt as \ whether the cotton farmer lias uui'ir: the same period made more than tl cost of production. Why then shoul ' ioin the ci this great puuir. iiorts of wealth-swollen -manufactu ers and greed-obsessed bear specul; tors ill an assault upon tlie cottc farmer and his product? Of cour? the spinners will say that they ai not in the least uneasy about an -** -tumlv because the era scarcity m will be big, ami besides they hav already enough cotton to run thei into the next year. Of course, th bear speculator wiii say that tr supply of cotton is and will continu to be greatly in excess of deman and that prices are going to po i'hey want (u stampede the product into selling- at a sacrifice. We ar f da. But why should the federal re-jjN serve hoard?the s:?vate>r power i:i " n , i | i the United Stales today- .join with : jfcJiese propagandists and circulate this ^ 'propaganda with every inn>iic:iti??i: ^ i of concurrence, knowing as it inu-sl i 1 . ! j know, that its pronouncements will i f ! he used wit h telling effect against,; ^ } * ' I , i IC, jlhe eotton producer in his fight c_ja decent living* and a fair profit? j * ! There are better and wiser ways of:. II j l i reducing the cost of col i on goods to I :{i! the using public than by sand-b^g-!;,, ,jging the cotton producer. It would j' i i , i L icpoin that the reserve board could, j I with higher purpose ;uul sounder j< >D ?. . . . ! * j judgment, address its ettorts toward \ curbing the excessive profits of the j u j dry goods manufacturers and mer- j < ^ | chants instead of supporting a cam-jJ ! paign which means ruin to the cot- i * J ton producing industry. j i M1 | It is quite true that the high cost.it of cotton goods might be reduced i * ^ j J '^j without any objection from the j 10 j manufacturer and without affecting j' J his margin of profit, by forcing the j ifarmer through financial restrictions! ! and tlie propaganda of despair into | ir j selling his crop at a sacrifice, but1 'd j such consummation, aitnougn u | d- might win temporary applause,; 't- would inevitably react in terms' of j y? disaster upon the manufacturing in- | a' | d us try upon all the users of cotton j 's- goods and upon the country at large, j e_ j If the cotton producers are forced j e~ j to sell the coming crop at the costJ >P j or less than the cost of production, \ nt; J they will not only be unwilling to j >nj plant another ctop sufficient for the I ~ 1 ... , , J- ...Ml ! l"~ world's needs, out inev win ue uuie able to do so. e> The True Situation. ?'e But, thank God, although our ad1 i 1 vcrsaries are strong-, the situation is ss by no means hopeless. On the con- i ,c trary, it is not only possible but it. is not even difficult for the cotton ' " producer and his allies to turn the j ^ apparent rout into victory. l0 Let us, for the moment, close our . u* ears to the reserve board's song of ; ^ sorrow and the accompanying chorus j I of profit-seeking calamity howlers, j ' Let us, with vision clear and un,J ! 7 51 afraid, take stock of the situation, j ie j find the remedy and apply the same, j ay* I Short. JQ I . ! The recent improvement in the i' ^, ! cotton crop from a condition of dis, aster into one of comparative prom* j ise conjoined with the price deflation '* 'nrooaganda and the consequent epi31* I * ' , j dcmic of pessimism which for the i time is sweeping the country, has *'s j hypnotized the majority into the be- ' v" ; lief that the price of cotton this fail must inevitably go much lower than the present price of spots. Acting 1 id e- (Continued on Tage 7.) i ' 1 r. w / Alabama Mir, d I ly Stomach Troubles Made Hi. But Now Always j it . " r- ?S\>? YOU enjoy your meals? Entl u without the dread-of the after I effects? ; L."* . . j Lack of appetite, and a disgreeable, sick-at-lfie-stomach feeling after mea.'s, 11 usually indicate that your digestive organs are not working properly. As ?s a result, you will feel weak, lose weight and iack the energy that is to be derived from well-digested food. JS ?e A valuable help in correcting such! conditions is mentioned by the Rev. 1 IS hi K. McKenzie, of -Route 1, Sectio-p ! - W\ w > i' I i ?f"* "3 ? 0 j f, In J H pi' . |l and both arc-; * pi tKis time of * t|! t |l| 5 * !l] I IF^Tl/C ? ?! la. 111 $ Is .4 1 ? ! '0?lV ivv- S&3 v-ais-A'^J ii&efiv $ > 5 i j Iv wZT."5 v<^ - l!j ;* * | This sturd] i t!i * wNp^f* p*n<f o"; v-.-? NiJT- ~ i. -it - ! 7: -3 I 1I tv?> '?'. T;<r ' *~r> -. y - tUiJ. />?t x' jjj Dcui&y na.s la I I j '? > / e j) delicious r r"! '! <rwmPQ r^a; .1- ( I i . 55?> W .j. 1 * %l mere is n ?j bo fuss ir 55 -5^ 4r| I* i i o 6^-r> 'p! j cLliSl til? iO oi r of r ~~s tn t mc rs - i "i Sold by * t'lj _ Made by'Posturn -'I ' - Battle Cre< JOTICE CF SPECIAL SCHOOL jL~.C.C . IO 1m ? I i i. Lb:l R i V i'> i'l SCH .V?b I'rtiC f NO L' . ' ( 'f -l < ' '!' !;: ' ? V. tiwc- :i::?: l^o ?t rfitlcn! V! e'u-icK ' . . a iike ^ opuilion of ho reside-:i ck-ciors <>r tho age of i i? tlic Dusb Rivet* School District) Cm. ;v <>!; I\ C\V ') LT i'V, it at . ot. i-i'i t ;01;uavo iucii ,i >ct Ition iiit* ("{>U:J:.y Uoard of education of Newberry County, Jouili ( in^linur pt iiii'.mi'-z and rcIhut an olcction held in iiG sa:d School District on the (jugs ? . . : i j . .. 10il 01 It-vy.'i; a ." J't'Cil'.i ui.\ ot r-:.v > mill-; on llie taxable property vJthin t'-c school Nov,*, ikorciGiO, v.c tii-.1 undersigned, composing the County ]>oavd of Education for Newberry County, -/inie of South Carolina, do hereby irder the Board of Trustees of the iisli Jiivcr School District, No. 43, ,o hold an cicction on the said nucs,:on of levying a special tax of six I fw ' tome in and fi*Tj tills ? fascinating expei-ixneni 1 I . gj I Ml1. EsaitfonVfr I I lesftsiilkl i ? u !-1 ? It shows you what to ex- $ pect of a New Edison in if your home?whether it S He-Creates music with jl such perfect realism that $ yoi2 feel the presence of ? j| the Kf&g artist* fi Agency Newberry I'itl Couniy at r m /CTX CILDER & WEEKS & g (%) co. <. r V # ^" V ? arrr?a: j?c: -.v.--- jr.--. l ^ _r T^rr: .-g. ?.- jtg.'.u^t:^cjwa? ... . ^ lister Relieved ni Feel Sick at Meal Times, Enjoys His Meals. ' J Ala., who writes: "I had stomach trouble. "When I'would go to eat, I would turn sick. I took one bottle of Ziron. and it cured :ne. Am always ready for my meals and enjoy them. I thiak it is a fine medicine." If your food hurts you, if your appe tite is poor, if you are pale, weak ana run-down, and have other symptoms that indicate your system needs help, try Zircn. It will put iron into your blood and help build you up. Take it according to directions, and if cot benefited by the first bottle, the moneyback guarantee will protect you, A r* 1 ? ?* /I r** ; ;v ? i?.? i?. * u.?j l ' u. jpjjjjgVT' *'* * ? ' - r^O -w , t ?~ j! -Saws Sugar worth while (i ! m $ 32 C775 ^ ^SM .?,. 'm% 1^11; si y g g .% i I j blend of | rpfslfPo i Q QT/v7"P>^i" ! t,!L <5 vV i. I -? iavor and dy to eat.; j "waste,' * serving1 od 'is full. rn^raf7 f- ?L? -if o.- a- 9 ' 1 *. ' & Ul i r.' t Cereal X'o.,<!nc. I ek,Mich., , j I I . (0) mill." > x e l}:': 10:1 ( !1 Iprope ly i * !."' '! \v:*. hin t'no sr. id [School District, which said elcct:.on !.? 1 * '. T. * \ !x r j :.:icXli OC : i * -<- t;.?4 1 i JW . UG io: i school house (2~<ear Bash RVvei | church), in the said School District, ' No. 43, on SatVi&Uiy, uJ\e I *l!h day ci :Au&usi, IU20, at "vviiit-Ji K.i.i e Lev Li or i the polls shall l?u- c /c.ticd at 7 a. m, j and closed at 4 p. m.. j The lrember^ of the Board of Tvussmmm ',/ *' 'l' ; J ! ' ?|:!||l X :jv;!i.; issp sgssgr ?&* jjjjp & ^ ^ - I . r - ? i ' f ' 1 I I :-'v " .,0 7i ^"5: r ! J ! -1 - / . ? . ii .Q, U-'I'w Lr. .... ! . (?.* * o . - -.?r - ; * *\ ""-.2 i< h/f i < nJ% \ : ' ' i f If: fe' $ * t i' I: ? ! ?i 1 tf I Si rt 1?> ^ ' 7 *. *; i ' " " ; - 5~i i\ 5*? J . V * w/ - i /. -? ? ?.v 1; ciiui'tu, K eij. Knowing this ( ih ; most tr;:p; || ' ci poisonous i ? ?-fop , i i tiiw i T ? t wanes on a 2' - , * 8. sricjfr r-fl tts ?;, ? c! ; f . If , ?;-t -< >-:r O' . f< , II > i3.?. i t. J / i > C; .. o - ' 11 J.TUl?iy tliiV i;..i coniraciir/l |J squeeze the j! naturally cut ij ' A7- -* -.] *we ClICfcv> ' Jj t r*r ..v. g i % Xi.al O I at regular in I v*orM. 3 v . \s i * Co ?K^xi I J. \ t. \s J ci i s rv """ r i y * fi ^H-:s s?ui Nuioi rradc i| Oil Q>. (IS I; booklet, " 11' f I |! The Mo. I I ^ ^ 1VU.I I 560.^.5. KM. < i I : !'. ; of the School Distinct shall Managers of the ?a:c) election. v ; v'tOiS its i'C'a '16 "l the .St .") ?! urici and return real ' i \ property for laxation, who exhibit their tax ard regis' Ira' -i-'.l'jcates as required in ; ici^iioji?, shall be allowed to Vi.Le. Electors favoring the levy of i;L. ;i tax : h;u! cast a ballot eontaintiieWord ''Yes" written or print . ^ - IT 9 3 $* * (p 0% il d S! 1 i r' ***/ V$~~ W\; ?*? (RBBeSHSBm ?*? Klpl 8. <3** !#% :/ fl ?1 i ' '!'ca*H*ca? xssc&-jr.-mm.-jt 1 ' -VL Cam? ^ ^ <=xrrjijayaacT . ? u.un 1 7%L satisfying, , v -jaaHSk n 1 ? ?jT-,, ) ^irAtris expe P'tM^Sf ^ choice j |' IM&W -you'i! cerfeaa Liittm ? ** *? >^?llir Camels bl wonderful in iT^%' desfeable bod SrWSm never fee yo I /r'<~x7 v !&? If am* f Vou'u aPi r* |j Jrom any ui J?||^ fj c||||g taste or uuoli ?WWi ^wM For yo'Jr c ciSm Camels pii? " ' r**+* in thf> v4 ?M O'dESlACm ^?jj Camels arc sold every where rettes ; cr ten packa: fes (2t Jy s 5 czrtcr.. We strongly recoc ~ ?i. * ^j?g supply or when you travel. ?3S8?3^ R, J. REYNOLDS TOE ? - - 1 ?r ^k ? *-?- ^c?tsrbcyr^^"rh.r? bbbbw % is A/\7t^S vely women of the worl .indant vitality is the, b saris a magnetism felt 1 , the wise woman kecf i attention to certain daily ortarit of which is regula :ood waste. scntifie method of treating n entirely new principle. rcing or irritating the s <Jie food waste."*:This v-scleS in the walls of t ul expanding in their no: rood waste along, so Atl of the system.' ."events constipation bcc a!n easy, thorough bowe iervals ? the healthiest > JLx. lately harmless and plea hv nil dru????isls in sealed bottles o: jnark. Write Nujol Laboratoricj ,:c\v Jersey), 50 Broadway, New iirty Feet of Danger5'. <*** ?*& dern Method of Treating an Old Com jr>f _ ^ I %J?JL For Com ?ggCTfcai WWSSSB9 ?FF. Jed thereon, and each elector opposed j to such, levy shall east a ballot con- l I laining: the- word "No" written on | printed thereon. j Given und.er our hands and seals j this the 4J8th day of July, 1920. i c. M. WILSON, A O. R CANNON, m J. 15. II ARM AN, M i County Board of Education, New! berry County. , 1 ^ C*i ?-?J ?V? VS>' KJS fv C3 fBmrrrw un s-w^-u^cctbs iN urc; why %v v ?s^-,itiasaw3 in - - ?nrri H sils seH^' should know why Camels 3 unusual, so refreshing, so First, quality?second, A rt blend of choice Turkish? ^Jk Domestic tobaccos wliich nly prefer to either kind ^ Zhtl . | eftd make3 possible that ellow mildness?yet all the ly is there! And, Camels* ur taste!* , , )reciate Camels freedom ^ ipleasant cigaretty after-* easant cigaretty odor! ? - a * >wn satisfaction compare rhv rmf? with arnr ci?a* ?^ i ?/ ?o ? world at any price I 'in scientifically sealed packages of20 ciga* ?0 cigarettes) in a glassine-papei-covered amend this carton for the Lome or offioo SACCO CO,, Winstoa-sSalem, N; C. - Jr \ d are healthy < asis of their by everyone.' ! )S healthy by observances, ; r elimination ! ; ; consupuuuii? ! v,j ystem, f Nujoi yf ; enables the V he intestines,1 \ rmaLway, to ' v lat. it. passes, j ' ' J ! ' ' 4 -rr # ! ause it helps! I 1 movements : i habit in-the' ? i , . sant:toJtake.[ nly, bearing - |j >, Standard r York, forj J. \ ' \ ?3 f: r - '% 'jk