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COTTON PR!CES. Ex-Gov. Heyward's Address to The Farmers on the COTTON SITUATION. He Thinks That All Should Stand Together for Higher Prices-Gives Much Valuable Information on the Cotton Question, Which Will Prove Interesting Reading, Not Only to Farmers, bhut to All. Ex-Gov. Heyward was one of the principal speakers at a farmers' con vention held n Orange.urg recent ly. The meeting was held for the purpose of considering the cotton sit uation and this subject was thoroughb ly treated by the former governor. He said: "The question of most vital inter est to the cotton planter today, his crop being praticailiy made, is the question of price. In this he not alone is interested. The whole South is equally interested with him in tne! producton and marketing of the cot ton crop, because this crop is today our most important industry, con tributing as it did last year .$800, 000,000 to the business of the South, $500,000.000 of which came to us as a result of exports. The producers of cotton realize the fact that in this question of price more is at stake today than simply the one crop of this year-that a new period in the industry is being en tered upon and a new basis of valueS determined. Ecmnomic condiinos are such that the period of low values which have recently prevailed is no longer possible. A Lew commercial basis of value must be agreed upon. We are in what might be termed a transition state because of the great fluctations in price. which are the tendency of the day, prevailing last year to the extent of 25 per cent. What the farmer wants is not only a renumerative price, and to this he is justly entitled and he has a right to demand, but he also wants that price as staple from year to year as it is possible to make it. In determm~t ing what that price shall be two im portant considerations must be insist ed upon--one as important as the other to the producer. The price paid must yield a fair profit to the producer, but it must not be so high that it will in any degree check or curtail the orderful increase in the consumption of cotton which has .taken place during the 11st 15 years. for if it does disaster will foilow. Three Facts Establisheti. "Three facts have now been in disputably established in connection with the cotton industry and these mean everything to the grower of cotton. The first is that the South has a monopoly the world over in the raising of cotton: the second. that the consumption of cotton is increasing wonderfully each year and the third that the South has the aoility to keep pace with the increasing consumption. These three circumstances combined mean that the South will be the rich est and the most prosperous part of the greatest country in the world. "In order not to be dependent up on the South for their supply of cot ton foreign spinners have searched the world over for a source of supply. and with what result? The only countries which enter into competi tion with the South in the export of cotton are Egypt. India and Brazil. Although cotton has been planted in Egypt since 1S21 that country has never raised more than 1.300,000 bales, and that last year. The land in Egypt adapted to the cultivation of cotton is exceedingly limited, and the quality of the cotton raised does not place it in competition with the bulk of ours. India comes next to us, but India consumes nearly all the cotton she grows and will never be come a competitor in exporting cot ton to Europe. Brazil, where such efforts have been made to break the supremacy of the South. produces on ly 250.000 bales, and the Brazilian mills use all of this. Peru and Mex ico have undertakien to grow cotton. but it practically amounts to nothing. So much for our monopoly. Of the greatness and the impor tance of this monopoly, a prominent American banker the other day said: 'Bring me all the grain, all of the provisions. all of the foodstuff. all of the steel, and all of the iron of the 47 States of this great union, which was exported last year. and I will sell the cotton crop of 1907. and pay you cash, and yet have money enough left to capitalize 200 national banks.' Consumption of Cotton. "The next question which interests us is the consumption. Take a period of 10 years. In this time the con sumption of cotion in Great Britain has increased 21 per cent. On the continent of Europe 25 per cent. "In the Northern States of. this country, once the only part of the country where cotton was spun to any extent. 38 per cent., and in the South ern States 149 per cent. The demand for all products of cotton. especially cotton cloth, is increasing NA~i widen ing every day. The civilization and evangelization of the world means the clothing of the world. The cot ton farmer can know that when he contributes his quota towards the $21,000,000 expended each year in foreign missions that he is not only 'laying us treasures in heaven.' but that his 'own will be returned to him with usury.' "And the world can never demand more cotton than the South can sup ply. Less than one-sixth of the lane In the South today is improved; and less than one-half of that is planted in cotton. Science is being applied to agriculture more and more each year, and science will some day enable us to raise twice as much cotton up)on our preseitt acreage. Science will. through fertilization, cause our lands to bear more stalks. Through improved methods of cultivation. more bolls will be, grown on these stalks and by means of the more careful selection of seed especially :i'onted to local conditions more locks will he formed on every 1bol1. Better and more effcient labor in the rotton fields--which labor is boundi ' "ome as time rolls on and the Soi:1 -ainets herself to changed conditin. . also destined to play a large part int the South's greates.t industry. Live Questions. "So much for the future of the cot ton industry. But you say: 'We are' not living in thle future. We will ad mit all you say. What of today? When one of you farmers brings your one, or 10 or 50 bales of cotton into Orangeburg. having firmly made up your mind that you will sell it this very day, whether the buyer's views meet yours or not, whether he wants it today or not. Should one tell you about the future you might make rE ply in the words of that old missimi-. ary hymin--'every prospecz pleams and only man is vile.' Of conrse. there are degrees of viliriny. The. home man is not as vi>e tis the mani away off. The Orarmehus Myer i zor. and he is not. for the simple rea son that the home man buys sonie thing as cheap as he can and nauLr all tries to sell it as high as he can. whereas the other runs down 1i' price of something which is the pri'op er:y of some one else and makes is profit out of the other man's losses. The simple question today r O cotton farmer of South Caroliia and the South to ask himself is: 'Is not my cotton worth more. or will it not, li worth lo:e than I am now offered :or it? If so. what shall I do to com r;i those who want it to pay its f.l value" B3oth of these questions should' , carefully considered and carefully answered. They are just as inipor tant to the farmer as any of his in vestments are to the banker or the capitalist. To the farmer they fre quently mean his all. It means the comfort of his family, the happiness, and the future of his childre.i. Th" prudent man is always careful 1o. he advises his friends in regard to money investlmlelts. The same pr dence should be exorcised in advis ing the farmer in regard to his crop If your cottoln is intrinsically worth no e1o'e than the market price today. i' it will not enhance in price it isi to your interest to sell no'. If on the other hand. it is worth more than the market. if you will get a better price by holding it, why, of course, it is to your interest not to sell now. The answer which will be given to the first of these questions depends largely upon who is the party ques tioned. "Unfortunately there has been so much speculation in the cotton mai ket that it is difficult for any one. even a disinterested party after care ful study to advise with any degree of certainty. He can only say what should be: what certain facts war rant, and in the long run it is facts that tell. To the second question there is but one answer, should you determine that cotton is selling below. its value. and this answer is that you; must give your product to the market only in such quantities and at such rimes as consumption demands. An Illustration. "To illustrate: I am not going to pay you your price for a horse in the fall and feed him all winter when I do not need him to plow until spring. Especially is this true when I must horrow the money at eight per cent. When I need the horse-then and ot until then-will I be willing to eet your demands. When you are so situated that you can keep the horse at less expense than I can, and especially when you can insure him against dying. the proposition is sim e enough. It is to your interest to keep the horse until I am in the mar [ket: even if you have to borrow a litle money on the horse it is wiser for you to do this than, it is for me to borrow the full amount of the par chase price. But if you insist upon yn buying him now the difference must be bourne by you. As it is in the sale of a horse so it is in the sale of a bale of cotton. All carrying charges and all risks of fluctuating markets must be assumed by the producer. who insistes on selling be fore the consumer is ready to pur chase. "In speaking to you tais morning., I wish to discuss both the present and prospective prices of cotton. and also urge upon you the only method which I see you can adopt to bring about mr favorable conditions. "As a ;eneral proposition we will all admit that when the consumption f an article approximates its produc tion, when the supply meets the de mand-that price for the article is a 'air and equitable one which will al low the article to be produced and -onsumed at a reasonable profit to bth producer and consumer. Of '-ourse with cotton I use the word consumer in the sense of manufac turer. As to Prices. "The fir'st thing to be considered is the relation between production and consumption. What are the facts to day in regard to the cotton crop for the season of 1907-OS? Do they or do they not warrant the paying of a better price than is new being of fered? "The total cotton crop for the year Iending Sept. 1. 1907, amounted to 13510.982, an increase of over two million bales over the crop of 1905 06 and a decrease of 50 odd thous and bales under that of 1904-0,> This increase was caused by the mag nificent crops of the South Atlantic states being somewhat below the av erage. Last year on September 25 the agricultural department placed the condition of the Texas crop at 74 oints. whereas the report just issued places the condition for this year at 30 points. Louisiana last year on the same date was placed at 73. and this ear at 65 points. Mississippi last rear was placed at 75 against 69 noints this year. Alabama is placed t the same figure as a year ago. "As we come eastward, according o the government- report, the condi tion of the crop is.slightly better this ;ear than it was at the same date last year: but we must remember the ulk of the crop is produced in Texas and the Gulf States. Should we have an excellent season for harvesting and a late frost, even then all indica tions point to a crop of nearly a million bales less than was raised last Last Year's Consumption. "During last year. of our 13,5 40, 000 bales of cotton the world had up to the beginning of this season con sumed 12,500,000 bales, carrying into the present season only 1,000, 000 bales, and this amount was wide !y scattered in this country and throughout Europe, making stocks conparatively light at all points of onsumption. "Under these circumstances. with out any increase in lhe consumption of cotton during the coming season. the supply will not exceed the de mand. but the chancesare all in favor~ of an increased consumption. As I have already stated, during the past 1 years the consumption of cotton, by nils in Great Britian and on the cotinent of Europe averaged 23 per, eet. increase and in the United Sttes 93l per cent. Our cotton con suption has been increasing during lat decade at the r'ate of about 5 per cent. yearly, and we therefore have a right to expect, especially in view of the unprecedented prosperity of the' country. an increase in consumption o at least one-half million bales. "The years 1 905-06 show anin crase of over this amount. There fore summinrg up: with a crop for which all indications point toa shortage of one million bales, a proh-I ale increase in consumption of five hudered thousand hales and carry in over into the coming season no more than one million hales. price cannot legitmately be depressed by th clain that the world does not. need every pound of cotton which the South will produce this year because: the supply scarcely equals and cer tainly will not exceed the demand. Fair Prices For Cotton. "A fair price for cotton for this year and for every year as long as presennt conditions continue is a price whicch would be renumerative to the iarmer and which will also allow the manuffacturer or consunmer to realize it legitimae profit upon his invest :nvnt. To this both are entitled, and 1his both have a right to demand. \"i'he" will receive it unless they de O course the most difficult prop asi in to be encountered is the de termiiuation of a price which will be equitable by both producer and con suner. The first step to be taken in arriving at such a price is to decide whe:her the prevailing ,prices are the proper ones. Are they too low or are they too high? In my opinion they are lower than circumstances war rant, and I believe that if the farmers will take steps they should take there will follow an advance in prices. To what extent this advance will go I am unable to say; and no one. gentle men, is in a position to determine this question; no one acTually knows. "The farmer has a right, which ev ery one concedes. to hold his crop for 15 cents a pound and to hope that if properly marki'ted it will reach that figure. I join with him in this hope because as I have already said, the prosperity of the Southern cotton planter means the prosperity of the South. As he grows rich we all in the South grow rich with him. But I am unwilling today to take uapon my self the responsibility of saying that. in my opinion, if you hold your cot ton there is any absolute certainty of its emhancing in price to 15 cents a pound. However, there are certainly more reasons why 15 cents is an eqiutable price than the prices which are now being paid are fair, and un der such circumstances there is every reason -1y our farmers should cease giving 2 r cotton away at rates present prevail. Cotton in 0 -ageburg today is bringing in the! neighborhood of 11 cents a pound to the producer. Last year the average nrice throughout the South for cotton was 10 9-16 cents a pound for mid diling. A year and one month ago today 9 1-8 cents per pound was the marketed value of your cotton, but lowards the close of the season, on the 27th day of August last, the ame cotton selling in September at 9 1-8 cents a pound was worth 13 9-16 cents a pound. Why today it has fallen in price nearly 3 cents? Certainly conditions do not warrant it. If last August, with a crop which necessitated the carrying over into he next year of one million hales. .!otton was worth 12 9-1 6 cents per nound, is it not worth just as much today with a crop every pound of which will be consumed by the spin -iles of the world? That cotton today is selling for less than it did 30 or 40 days ago is due entirely to the fact that the farmers by forcing their nroduct upon the market play abso litely into the hands of the specula hors. Every possible excuse is used by the speculator to 'bear' the mar ket. And whether or not there is any sense or reason in the pretexts which they give for a low market. as long as the farmers insist on disposing of their product as soon as it is made, these pretexts will have their effect. Reasons for Lower Maket. "If a storm is reported or even if a slight atmospheric depression is mentioned in the West Indies cotton goes up on the New York exchange. in the fear that the storm will re -luce the production. When the storm does not materialize the marklet is promptly reduced because the storm has not reduced the production. When the government report as hap pened this week states that the con dition of the crop is not as good as it was a month ago. the New York peculators choose to place an en tirelv different interpretation upon the report. They prefer to say that I white is black, and black it becomes: and as a result the cotton market promptly weakens. "It is the speculator today who has !the winning hand, and he will con tinue to hold this nand as long as the farmers allow him every time to hold the trumps and to play them when he thinks best. "It is the speculator and not the cotton mill people, who, today, is forcing down the prices of cotton. The coton mills did not object to the prices which prevailed before the re cent decline In cotton, for the reason 'that they were making a reasonable rofit on the goods which they are selling, having made their contract or goods based upon higher prices than are being paid today. It is not to the interest of the mills to have cotton decline. Already as a result of the declIne, cotton yarns have gone lown, and where such goods are manufactured by mlills which have ught cotton at much higher prices than prevail today, it is not to the irterest of such mills to have other trills make contracts for yarns at a lower basis. "To have cotton now continue to decline means that their competitor who is short of cotton can purchase what he needs for about three cents a pound less than the cotton in their warehouses cost them. The mill man as well as the farmer wants a staple Drice for cottoi: then both can, with some degree of certainty, know what they can depend upon. The Values in Cotton. "Cotton may he said to have two values: the intrinsic vhlue and the speculative value. Its intrinsic value today is considerably more than the farmers are being offered for it. Its speculative xalue can only be deter mined by the manner in which the farmers are willing or able to hold up their end of the line. "Conditions. taking into consider-I ation the supply and consumption, make the intrinsic value of cotton no less today than it was when the mar ket opened. Its speculative value will be determined by the ability of! the farmer to hold his cotton for ad anced prices. Cotton has in the past decade. with conditions far more uin favorable than they are today, reach ed 1~ cents. This, however, was the result of speculation, for within five months cotton fell to nine cents, the 'orner' having been broken. "Being interested in the warehous ing of cotton and joining the several farmers' organizations in advising the farmers to hold and warehouse their cotton this year. I feel that I can not take upon myself the responsibility of saying to what extent you have a right to expect cotton to advance. I do say, however, that you are not e ceiving today wh't you should re cive and that I heileve ibis year of al years is onn~ in which a stand sould be made and higher prices cttcnded for. T believe that hlriding eto this year will b~e to yout a pro itble investment. I am as muchl in trested in its being profitable as you are: for I realize the fact that -10hould prices decline not only yourselves but the warehouse system v.ill receivea serious setback. Secret in Marketing Ccoo. "The secret, as I have already stated, in marketing cotton is for the farmer to give to the market the cot rcn as the market demands it; and: 'Its he can best do by warehousing his cotton. Althontgh 1 (10 not be leve .that it would be to the inter est of the farmer at any time to hold all of his cotton for the reason that the farmer then becomes the only hull in the market. being the only one who owns cotton. If your cotton is gradually marketed every one who actually buys and owns 1 ,00 bales is to a certain extent oni your side in the fight to maintain the price he does not wish to sell and it is not to his interest to have the com modity: which he owns Icose its value Even where a mill has bought cotton for its own consumption it is no-: to Lhe interest of the mill manager for several reasonis, to have cotton dc :-line. In the first place it gives his :oompetitors who do not own cotton in advantage over him in the man afacture of goods and where he has :o borrow money with his cotton as1 secturity, as nearly all mills do. it nakes him liable to be called tupon at . y a,,efo aditioa -nrgins. The cotton buyer is not materially inter ested whether high or low prices pre vail. He is interested in each indi vidual transaction. He simply buYs and sells cotton based upon a higher profit for cach day's work; and it does not make any difference to him whether the cotton which he buys and then sells brings 15 cents or 5 cents a pound, so long as lie make his profit. When he become a specula ton he then of course, has that inter-: est which every other speculator has, and it is very material to him wheth er he is on the right or wrong side of the market Question of Holding. "Even if I believed-which I do not do-that it is to the farmer's in terest to hold all of his cotton at the opening of the season, I would be somewhat loath to give him such ad vice, for the reason that I realize that many farmers are so situated that for financi-o reasons it would be impos-; sible for him to do so. This being; the case, in such a crisis as this it is all the more incumbent upon those who can afford to hold their cotton and take it off the market to do SO By doing this they not only help themselves but they help that man whose financial conditions are such that he is obliged to dispose of a cer tain amount of his crop. "It is exceedingly unfortunate to all interested in cotton this year that a stringency in the money market should prevail just at the time when it is very desirable and greatly to the advantage of the cotton planter tO keep off the market as much as he ossibly can. In some quarters the heory prevails that the bankers and merchants of the South and the coun try generally are not helping the far mer all they should to hold on to his cotton. If the stringency in the mon ev market were local, if it were con fi-ned in the South alone, if the man who buys cotton were not having equal difficulty wvith the man who o"ns cotton to horrow money with which to buy or hold. then there ight be some bais for sucL an im peion The cotton inllistry is more importaut and of greater inter est to Southern financiers tan any -and all industries of the South CoM bined, for it is the basis of Southern prosperity. Not only this, but a bank makes it money by lending money to any and all who have prop er collateral, and if the Southern banks were in a position today to ad vance money to the manufacturer, the cotton buyer or farmer for cotton transactions they would unquestion ably do so. Money Stringent in General. "The present stringency In the money market is not confined to the I South and to Southern banks. It prevails, I might say, throughout the United States and Canada, and the same conditions exists in Europe. r he unusually high rate of discount which today prevails in British banks testifies to the fact that the present money stringency is world wide, and that for the time being, at least. the world's monetary facilities are inadequate for the volume of business both in progress and con I templation. .It does not help matters for us o decry and to blame any one es pecially for the present condition of affairs in this respect. The scarcity of money affects all alike, and we can do nothing but meet the situation as we find it, realizing that we are today confronted with a condition and not a theory. Many men differ as to the cause of this condition, but in my opinion, the stringency in money is caused by the fact that the people of this country and of Europe have sim ply in the last year overreached themselves in the amount of business that they have transacted. Not only this, but the large profits which have been made in business have been in vested in improvements, comforts, and, I might say, luxuries of all kinds. Therefore, for the present. at least, money, which is simply a med ium of exchange, must catch up. as it were, with the many r~ses to which it has been applied. In addition to this the tendency of the day is to regulate and control the large corpor ate interests and trusts. While 1.a many cases this is proper and legiti 'mate, and most desirable, still for a time at least it depresses securities and will continue to have this effect until we can draw a dist:inction -be tween the corporation doing its bus iness legitimately and the corpora tion doing its business ill egitimately. When; the stock and bond market is deprssed it means that capital for a time has become timid. and the more timid it becomes the more tendency it has to withdray from circulation, and the more stringent money be comes. Banks Are Taxed. "While the banks of the South. of~ course realize fair profits upon the business created by production and handling of cotton, still oftentimes they are taxed to their utmost capac ity to furnish to this industry in its many ramifications all of the money that it demands. The banks furnish money directly to many of our far mers. They discount the notes which others of our farmers make to the merchants. When a farmer gives his note for fertilizers that note before very long finds its way to the bank. and the same is true often with the mules and implements which he* buys. When the crop is ready to be harvested the hanks have to supply the money with which to move it,. and until that time, everything has een going out and nothing coming, in. When the Sdutherrn banks, there- I fore, are called upon to furnish mon ey with which to hold the crop unless a large amount of the money wanted. goes to pay the notes made to thei mrchant and to the fertilizer man they are i.n times such as this, when money is as tight as it is now, and they can not obtain funds from re served centers-becau~se the same~ conditions Prevail there-often uin-; alol to meet the demands which are: made upon them. There is every rea son to believe that in a very short time the money market will become easier and the banks throughout the Suth will be in a much better posi tion than they are today to assist the farmers in holding their crops and also to lend money to buyers and "I have reently made every ef-: fort that i possibly could to place the cutomers of my warehouses in comf muunicatinl with those who were in a psition to lend them money. but unfortunately, for the conditions above stated. T have not been able to make much headway. The cotton garmer today finds himself in this position: The condi rins are such with his crop and with its proable consumption. that it is very material to his advantage to. hold his cotton. but on the other and le is embarrassed with the fact that in so holding it is necessary for him to horrow a certain amount of money, which it is most difmcult for him to obtain. Under these cir enmstances what is he to do? WVhy. thh. best he can do. Those who can warehouse col ton should do so: those who are comp:elled to borrow money on it should do so: those who have to bo-:-row shoul'l borrow as littleasthey poosibly en: those who have to sell and c'u not borrow should sell as grda sis possible. It is only by adoptin'~g Alis course that the lpre sent. downm nna- tendency of the mar ket' can b" e~eked ard speculators ,a d to rlizP that the Sonthern er,- snow in the saddle, and be utends' o lone-r to be dictated to as SAVING CHINA. A South Carolina Preacher Doing Strenuous Missionary Work DRIVING OUT DEVILS From the Chinese Who Are Convert ed and Become Christians at the Meetings-Rev. S. C. Todd, Form erly of Laurens, Describes Scenes at His Mission, When the Chinese Get Religion and Cast Off the De mon01 of Evil. In a little leaflet entitled "Glean ings from South China," now being disturbed among his friends and co workers in this country, the Rev. S.1 C. Todd, formerly of Laurens, but now working in South China as a missionary. gives an interesting in sight into how the Chinese, usually thought to be so undemsonstrative, act under the nerve pressure of a stirring revival meeting of several days' continuance. Several of the converts while 'possessed of the dev il" just before '"coming through" were extremely violent. A London I missionary, Miss Nellie Clark, work ing with Mr. Todd at Macao, China, describes the meeting for "Life of Faith" published in London as a Pen tacostal demonstration. andMr. Todd says in his leaflet, "From that day we have had a new conception of Cod's provision for China, and that this land may have her Pentacost as well as Wales and India." " 'God at work' is the simplest de scriptive of those days," says Mr. Todd in describing the nature of the meeting he pictures. "When some of the meetings ran for six consecu tive hours, and some days from ten to thirteen hours. After the third day the evening meeting always con tinued until after 10 o'clock, some ran to 11 and 12, once to 11:30 in the morning. Twice there were Penta costal scenes among us in the early hours of the morning. One of these began at 2:30 a.. m. and continued till 5 a. m., the whole house being alive with joy and power." Mr. Todd's own ferver will be bet ter understood when it is recalled that he first came into prominence in the upper tier of counties of this State by -elating to his congrega tions, there in a most earnest and serious manner how the Savior had appeared to him in a vision while the preacher was out driving in a buggy on a country road. He told his lis teners that the Lord came and sat on the dashboard of the buggy and talk ed with him, mapping out the work the preacher must do in the vine yard. After telling how the cook was the first at the meeting to become "con verted" and he "the wire through whom the divine electricity came upon us," Mr. Todd proceeds with a description of some of the more viole3nt scenes of the "revival!." "We were not only to witness God's power, but the enemy's as well, and in a most unexpected and startling manner. The nmanifesta tion came near the close of the even ing meeting some days after the great swveep of victory of which I have just told you. On hearing a noise toward the rear of the build ing, while some one was speaking, I went back to see what was the mat ter. Passing down the aisle I noticed a young man with his head buried in his arms kneeling between two ben ches, and just as I stood opposite him he screamed at the top of his voice in a most hideous manner. Immediate ly he was thrown prostrate upon his back and at once began to kick the benches, breaking more than one. By this time consternation began to reign in the audiencc, but at a word of explanation all gathered in the fron t of the room and earnestly gave themselves to prayer that this demon might be expelled, foqr now we saw we were dealing with a real demon possession, such as the New Testa ment speaks of. "And, as if to add to our conster nation, the door leading to the floor below suddenly flew open and there with drawn sword stood a Portugu ese soldier. But a sign of explana tion sent him away. The demon, however. was not to be so quickly dealt with. "Arising from his prostrate con dition the poor boy, like a caged an imal, restlessly walked to and fro. His ashen face, glaring eyes and puff ing cheeks made him a sight to be truly pitied. During a moment of quietness he came to me and said. 'I have no plan for deliverance.' And truly he haHe ne.nod ees med per his cotton. Borrowing Money on Cotton. "T'he great mistake which farmers make when they wish to affect a loan secured by cotton is that they lay as great stress on the margin which the bank is able to allow as the interest which the bank charges.I The question for the farmer to al ways ask himself is this: How great a margin, and not how small a mar gin, can he get on with? It is bad business for him to borrow on the: cotton more money than he actually needs. He simply has the interest to pay. And then, in addition, when he horrows more on the cotton than the cotton costs and~ stores the cotton. hoping for a further advance in price. he immediately becomes a speculator o a greater exteat than it is prudent ror him to he. If he is going to weulate with his cotton the safe me with him to follow is to spec a te only with the profit which may ic made in the cotton and not with' he cost of the crop. "Although cotton still reigns as ing ther~e is a crisis today in the at irs of his kingdom. Much will &' ~end upon the outcomne. for the issue. Swhether his reizn shall he helpful r hurtful to) those who are his most oyal supporters. The fight is bein~ vecd fiercelv on both sides. "Tt is told that once in the midst of Shattle the color hearer carried for rard the colors and nlnnted them in 'vance of the wavering hetil0 line. he soldiers called to him to bria he colors back to the lin'o. His reply ns. 'Bring the Tine un0 to the colors.' ;o toda'v. from those who hav-e at leart thie best intcrests of the cce o standi firm hut to advarae to the tndrrd and carry the fi~t into the remy's country. The road to vie o'. is pointed out: to a victo': ..hich will he as heneficient os it wii e lasting. And it on1y remn. in 'e seen whether tihe farmer y il inke .ectly powerless to speak the name )f Jesus, each time he only was able ,o say, 'I trust-' but could not ar ,culate the word 'Jesus.' Finally With a real effort he exclaimed, 'I :rust in the name of Jesus,' and in an nstant was leaping and praising God. "But we soon found that Satan iad not yet surrendered the field, Eor in a moment there was a noise behind us, and there lay another fel ow stretched out on his back. At ,irst I wondered if he could be feign ng, but in a moment his distended limbs began to move and in the next he was wildly kicking the benches about, and some of them to pieces. 1 Jumping up he leaped into the air and come down with such force that his knee broke through the floor, and later while lying on his back with face upturned, peal after peal of the most hideous laughter broke from his lips. It was enough to make one's blood run cold; it was the laugh of hell. But soon the enemy was to be again defeated, for our cook came up to him and commanded in the name of Jesus the wicked spirit to leave him, and in-a moment he was deliv ered. "At 1:30 that night, after a six hour service, we got to' our beds, awed by the awful conflict with Sa tan, and glorying in the power of the risen Christ. "But we were not done with de mon possessions. These two were mild compared to another that we had to meet before many days. This time an old man had been a Chris tain for many years, and who had received great blessing during the conference, so much so as to cause us to see the transformation, in face and manner-and to n-..e his illum ed face in our dairy--and who seem ingly one night received the baptism of the spirit, with great joy. But the next day he became puffed up, bccame miffed that another was giv en by circumstances a larger place in the meeting than he, and also claimed that he had the power of be stowing the spirit on'others, because he had been the first one to receive Him! When others sought to warn him against the danger he became very much incensed and immediate ly became possessed with an awful spirit--a murderous, licentious spir it. Oh, it was awful! His strength was superhuman; in the room where he was confined the atmosphere was charged with demons, so much so that one time I had every nerve in my body set to quivering, and I had to quickly seek the fresh air with out. Earnest prayer was made f6r his delivery, some farty people fas ted one whole day and waited for him before the Lord. and thought his violence was taken awpay, his whole physical being was so weaken ed that in a few days he passed away. Is there a case where God delivers a child of His over to the aevil for the destruction of the flesh (E Cor. 5:5) that the spirit, might be saved in the day of the L)rd Jesus? What a les son, an awful lesson, of the dangers of spiritual pride." A number of similar scenes are de scribed. In the back of the leaflet is a quo tation from the foreign fields public ation of the Wesleyan Missionary So ciety describing other experience of this kind, which says "Native priests earned their living by pretending to drive out demons.", DRY TICKET WINTS. The City of Asheville Votes Out the Bar Rooms. A dispatch from Asheville, N. C., says no ~such sight was ever witness ed in any city of the South as was enacted there on Tuesday of last week when Asheville by a vote of nearly 1000 declared for prohibition. The polling places were thronged with women and children who bold ly pleaded with the voters to vote. dry. Large delegations of women and children surrounded each polling place singing and praying during the day. The campaign for, and against prohibition, which has just closed, has been undoubtedly, the most hot ly contested and keenly interesting fight of the kind in the history of Asheville. The financial and business inter ests have been about equally divided, and each side has worked with much vim and vigor, the prohibitionists being led by W. H. Whitson, a prom inent business man, as chairman of the executive committee, while ex Representative J. Frazier Glenn, has acted in the same capacity for the anti-prohibitionists. An interesting feature of the cam paign has been the large number of parades organized by the prohibi tion forces there being parades composed of children, parades of women and children, and parades of men, the torch light parade of the prohibition voters which marched through the streets of the city Mon-1 day night being the largest of thel kind ever seen in Asheville. The wo men of the city have taken a most active part in the fight for prohibi tion and their presence at the poll ing places in large numbers was| somewhat of a novelty in elections ! in Asheville. teEgt The efforts made by the State of Louisiana to keep out the cotton~ boll weevil have been unsuccessful, and the commission having charge of the matter has about given up the fight. The conclusion arrived at was that the weevil could not be exter minted, but that its destructive op erations could be kept down in a measure by the farmers in careful planting and theburning stalks. It is said the commission has had to turn and fight the Guatemalan ants, which were iniported to destroy the! weevil. It has proved of a more men ace than the weevil ever was, and is' now seriously threatening both the organge and sugar-cane industries by its ravages. These same ants almost wiped out the sugar plantations of Grenada, in the West Indies in a campaign which extended over ten, years. If this is true, and the American Agriculturst says it is, it was a silly and disastrous experiment to import bhese nuisances to the United States, yhich already has more insect pests than it can handle. These creatures 2an't be used like skuth-hounds to run down any particular game, and re sure to follow their appetities nto newv fields. Au. the people in the South will it become prosperous until the far ners can hold their cotton and sell it< hen the prices suit them. Then they vould not be comoelled to take any f ld price for their cotton that might > olieredl them. We hone to liv.e to '1 ee the day when sech wi i be the LAKE DISASTER. rwenty-One Men and a Fine Freight Steamer Lost. ONLY ONE MAN SAVED. rhe Fine Steel Freighter Cyprus, Launched August 17, Lost-Foun ders in Lake Superior and the Only Survivor is Washed Ashore Lashed to a Raft, Half Dead and Unable to Tell the Story. Bound down from the head of the lakes on the second trip she had made since being launched at Lorain, Ohio, on August last, the fine steel freighter Cyprus, 440 feet long and owned by the Lackawanna Transpor 4.ttion Company, of Cleveland, Ohio., foundered Saturday night in Lake Superior, off Deer Park, taking down with her twenty-two members of the crew. Second Mate C. J. Pitt, washed ashore, lashed to a rail, is the only person left alive of the ship's crew, and his condition is so critical that since he was found on the beach, he has only been able to gasp out the name of the sunken ship and the fact that twenty-two lives were lost. Pitt is suffering from the dreadful exposure in the icy waters of Lake Superior, in addition to the buffeting he received from the breakers. Until he recovers sufficiently to talk the story of the wreck and exact cause of the stout steel ship foundering will not be definitely known. Deer Park is about .thirty miles south of Grand Marais, on the shore of Lake Superior. Several bodies from the wreck have washed ashore, and two are known to be those of the first mate and .the watchman. Marine men suggest as possible ex planations of the foundering that the engines became disabled; that the plates opened and .that the ship sprang a leak and that the hatches may not have been securely battened, perm'nitting the steamer to fill with water from the waves washing over er decks. MORE AFFINITY NONSENSE. A Brooklyn Preacher Takes the Wife of Another Man. The Rev. Maxwell H. W. Walenta, pastor of the German Mission Church of Brooklyn, and Mrs. Louis A. Baur, a paishioner, and the wife of an elec; trotyper, were arrested Saturday and held by the Court for an inquiry into their mental conditions. The action was instituted by Mr. Baur and the minister's father, the Rev. Wenzel Walenta, of the German 'Emanuel Reformed Church of Brook lyn. The complaints asserted that Mrs Baur had left her husband -and child and sought refuge at the young clergyman's houses. The two were charged with offending public decen cIn Court the accused minister, who is 28 years of age, denied wrong do ing. but admitted that the woman had been welcomed to his "official room" at two o'clock Wednesday morning. "She and her husband had differen ces." he explained. "I saw it was im possible- for me to effect a reconcilia tion. I welcomed her to my church. I felt in Mrs. Baur a'living soul, and my soul cried aloud for somebody who was alive in the twentieth cen tury. In her I realized my affinity." "I believe you both need to be ex amined as to 'your mental condi tions," commented the magistrate, who committed the prisoners. The Boy. - I wouldi't be a single thing on earth Except a boy, And it's just an accident of birth That I'm a boy; And, goodness gracious! When I stop and think That once I trembled on the very brink Of makin' my appearance here a girl. It fairly makes my ears and eyebrows curl, But I'm a bov! Just think of all the jolly fun there is When you're a boy! I tell you! you're just full of business When you're a boy. There's fires to build in all the vacant lots, Go swimmin,' tie the fellers' clothes in knots, Tie tin cans on the tails of dogs; why, gee! The days ain't half as long as they should be When you're aboy. There's lots of foolish things that make you tired When you're a boy. There's heaps of grouchy men that can't be hired To like a boy;. There's wood to chop at home and coal to bring, And "Here, do this-do that-the other thing!" And, worse than all, there's girls, oh, holy smoke! Are they a crime, or just a joke Upon a boy? And then there's always somebody to jaw, When you're a boy Somebody always layin' down the law To every boy; "Pick up your coat; see where you've put your hat; Don't stone the dog; don't tease the poor old cat; Don't race around the house"--why, suff'rin' Moses! I The only time you have to practice things like those is ~When you're a boy! And yet I don't believe i'd change a thing For any boy; You've got to laugh, to cry, to work, to sing, To be a boy; With all his thoughtless noise and careless play, With all his heartfelt trials day by V dhall his boyish hopes and all his 4 fears. - 4 ['d like to live on earth a thousand years A nd be a boy.t OWEN Wister, in a magazine arti le of current date has sized up the; ituation in Pennsylvania and his de inition is being generally accepted L the best yet. Mr. Wister speaks o the point. "Pennsylvania today," e remarks, "is a government of; WHAT ANGER DID. < Wontana Lad Utterly Unable to Speak to His Father. rhe Case is Cited as a Proof That Ac quired Characteristics Are Trans mitted to Offspring. Heredity has sealed the lips of Earry Matin, son of Mr. and Mrs. 3eorge Martin, of Custer county, Wont.. in such a way that he is free -o speak to any person excepting his ather. In his presence the child is iumb. The lad has been examined' by physicians who declare-they can ind no abnormal mental or physical conditions. Scientists have given the case their profoundest consideration, but the mother holds the key to the situation and bears the cross of the misfortune. The case a saif tc be one of I he clearest instances of the transmi sion of a characteristic from a parent to child. Six rronths before the birth of Harry Martin his mother declares she becr me angry at her husband and 'refused to speak to him. Silence grew into a nightmare, but she de termined to carry out her- threat against the entreaties of a husband who was guilty-of no wrong to her. The child was born and the domes tic trouble settled and father and mother rejoiced that their son ce mented a bond of union. He was bright and cheerful. He grew and soon began to talk. It-was natural that his mother should first interpret hismeaningless words, for they were always directed -to her, but when the child began to speak clearly he was dumb when brought before his father and told te talk to him. He is now six years of age and has never spoken a word to his'fath er, even in conversation whenhedoes not see him. All communication must be carried by the mother whose fault' it isthat he-is thus afflited. She bears the cross of the afflitionbeaV ily. The example is cited as a proof of the Darwinian holding that acquired characteristics may be transmitted to offspring.. In this case theamoth er'searrying out of deep-seated hat red toward her husband was frans mitted and'its relentless imprint is seen in her offspring. ofessional nurses are said to have reeods of cases fully as remarkable. Oliver Wendell Holmes? wierd and fascina ting novel, "Elsie Venner" is based on the same theory. The transmission of physicatehar acterists thiough generation after generation-of offspring is generally concededby bbologistsiut patholog ists do not agree that menta]charac terists: may beltransmitted except so far as they 'beeome a part of the physical makeup of -the parent. This is. based on the fact that the only structure which conneets mother and child, in the- state of pregnaney. is not nervouiArtissue. It is purely physical and conveys nourishment ?0 the developing off spring. What particular nervesa or muscle;4 of the larynx of the child in question are affected,-when he tries to speak to his father, are not knowi but the fact of the dumbness is con ceeded and the explanation, though not satisfactory in any case, is a warning against improper mental conditions on the part of the par ents. VARD.UIAN ROASTSABOOS5iEEIN Hfe is the Revolutionist and Past Smaster in Verbiage. Governor James K. Vardaman, of Mississdppi, in an interview given in reply to'President Roosevelt's speech at St.~Louis, strongly denounced the president's policy and called him "a revolutionists." The governor says: "Mr~trRoosevet is a past grand master in the use of words. With the great.French diplomat, he evi dently thinks- that language . is. to conceal ratherthan express thoughts: Within the pile of 'verbisge there lurks the most pernicious principles and vicious polities that ever wrecked a republic or destroy the rights of the people. "He has preached purity in poli tics and anthe same time accepted from the railroads contributions to corrupt the ballot. He accepts. the office bought for him by criminal contributions and then turns around and undertakes to preach. political - honesty to people who corruptly bought for himt the office he holds. A wonderful man, indeed! And more remarkable still is it to me that the people of Missouri are caught by the little cheap flattery and plati tude, which he indulges in, when he comes on jiis speaking tours to the South. *"The constitution of the United States is to this man a blankpiece of paper, upon which he would write anything that his judgment might prompt or his-political-fortunes dic tate. "Mr. Roosevelt is a revolutionist. He has no respect for the law..of his - country, constitutional or statutory, if they happen to interfere with the consummation of any of his schemes or plans. The fiat of his spasmodice will, superinduced by consuming van ity, is the only law that he respects." NEED MORE MONEY. Gov. Ansel Thinks the Salary of Gov e'rnor Too Small. Governor Ansel stated Friday that in his annual message to the general assembly, whicheconvenes in January, he will recommend that the.salary of the governor be increased from $3, 30 to $4,000, and that the state erect . new executive mansion on the site of the present building. The governor has found, as other ;overnors have found, that the sal-. ary paid the governor of South Car >ia is inadequate and that it cost Erom one to two thousand dollars a ~ear more to live in Columbia as gov ~rnor than the governor receives~ from the State. South Carolina has not had, in re n~ft years at feast, a governor who ares to 's urge" at all, but Gover ior Anse', like m .- -- *c hes 'ors, has ' natural a ion e~o in ai, the dignity ar.d j3..L. .. uu1e the oers ')of the "greatest state in he un - ." In * .tion to the salary, however, he tare provides merely the man inl with heat, light and water rent aid for y the state, but there is not s in otherat -.e; an expense fund