Historical Newspapers of South Carolina

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e4~bout ( ciga 120 J U$'I Eile bacco public many experi and k The pany% of its anew4 that t li DISPUTE CROWS WARM IN FARM DISCUSSI Governor larding of Federal Rest., JHank Indulges in Sharp : clianiges With ilmbers of C gress at lHearing by ltlise A) culttire Committees in Washi .4 toni. Washington, Dee. 3.-The congr sionial joint Committee liearing onI diy into .a dI ispute at . tiies qg heated between Governor IIarding the federal reserve hoard and nu bers of congress. "Mr. Chairman, what is the purp of this hea ring '?" Governor lard fiially demanded while he was be questioned by Representative Hyrn Doeiocra t, South Carolina. "Is federal reserve board on trial; an on trial here ?" lie contintied, deel ing he had been a target for kinds of aIuSC."i Representative Byrnes said iiealt no reflection oni Governior i11 ding. (ircularis issued by the regional serve batik of Richmond, Va., member banks, and which Alr. Byr Was att emllptinug to show had resul i nrigid restriction of farminers' Cr its, were uider discussion. Coveri Harding said such circulars were : submitted to the board untitil priit when they were looked over and tention oft the issuing rieg ionael ha called to any~thing the boiard deen STC .and look o have to e our line n come to t< Sbe you arn Smarket j ~what we I Sbut would Sprivilege of showir Sanyway.V a you only s Prices an a ways in 111 aus when i: )ne-Eleven rettes154 an inside word about One. ,en. The American 'To. Company has served the with fine tobaccos for years. It commands the ence and skill to prepare now good cigarettes. American Tobacco Com vould not give the address iome office 'as the name of :igarette if it did not believe Le blend would please you. FINALLY try them Gu~ranteed b~y -which mIeans that if you don't :C "Ill" Cigarettes, you can et )ur Mhoney nck fr the dealer. Tle oard, he aled, Was not, a ce tral bank. ra t b . 'Tit W ith Byrnes. At .One point Governor liarding to Rl i.presentative Byrnes he ought Iead the tecderal reserve ac, and ti rv to utlderstandil it." My l1yroes repi . that he did understand the act, as I bil- l helped to frame it. SSelator-el(c(t . 1llin, Alabam asked (overior IiaIrding if the he - makers couidi issue at sti ivtieit to C, public as unlderstanlding his testlimoi to) be that the reserve board w; es- favorable to banks; extetll oil1 t1 Lh' credit possible to farm1s. ite "The federal reserve ho1 ni pr ot l'ers to issue its own statement," Go, ml- ernor ading replied. Ag jiniuvig efor-ts of the Richmor 'se bank to restiit 1ons for lon-esse ng tial purposes inl 1919, Governotr 11a ng I ding: said: es, "I kiow some bItnks inl South la lhe linia had beeni carrViig large loans 1 I cottont, Solme sice 1917, in the face i ar- a active miarket. all1 lloiding vottonl thenl, he ahied,< Ireserve baik finds was "plain he :speculatting." ar'- Goivernor arding dleclared farme niee40d alive no fear that the hanI c-j woubt not do their pat and cai I Iver loans on staple crops for w1ht4 wS(! t here is no market, pIrovidedl (I lld fartmes woull make a fair stnitenlt 2d- of their collditiotis to the hatiker wrl lIe ited figutes wlichi, hie sai tot showed there had been no restrie L'd, tions' Mn reVdiscounlts of ag'..riclturl at- iaper. iks Opposition 1o 1or I i ver what we : how you ii1 : ext tirne you ~ wn. It may not in the ~ ist now for ~ iave for sal-e, give us the tnd pleasure ' Lg you thru Ve will show ~ I uch goods as i you service. i d terms al-] ie. Stop with ] r1itown. ' I projects to revive the war finance corporation for' the purpose of fin. ancing sales abroad of surplus farm products. Present price declines were due to readjustments following the war, he said, and-he saw no solution for the problem although the' treas ury department- had devoted more thought to it than to any other sub ject for the last two months. In the course of his testimony, Governor Harding said diversjion of the $70,000,000 profits of the federal reserve - .board for loans to . cattle growers would be more - effective than if applied to agriculture gen erally. le had been asked as to his opinion oil the proposal of Senator Hitchcock fo remployment of these funds for relief. The situation *of the cattle grow ers, ,Governor Harding said, stood by itself and demande(d relief. The sug gestion of Senator Hitchcock, he continued wa? outside the. province of the board and a matter with which it was not concerned. Answering the charge of profiteer ing on the part of the reserve banks, Governor Harding said they had earned 6.0 per cent. on their capital stock of $100,000,000 and the reserve balances of banks amounting to $1,, 800,000,000. Doubt that exports eoutld be in. creased unless some 'way was found for increasing Europe's buying pow er and ability to furnish requisite securities, was expIressei by Secre. tary lloustol. lie did not 'see, he added, how mouch relief could be ex peeted at this time in this way. IHe had no doubt, Mr. Iouston said that the vari fiiance corporatioi would "function," should congerse recreat-e it, but he added: "I, believe it woilil he against the 1pubic interest." 'I'he head of the treasu ry depart men t said he bel ievedl the'. counitry was in for a eriold of price rece0 sion and that "nothing more fatal could happen than that this nation e-mbark on iiusound liscal pol iC'. il bainking in seeking relief Ior' the eciowers."' AIA K IN NG T1IllC 1103111. ORtClI A n Cliso-i College, Decemb-ir 8. I- Il planiing fthe oich:ird, ther is omii fhiin that t:rmier-s shold heair ir S:nd ksay: Geo. P'. liln, xten d inSer-vive hiorticulturlli.t. The (r to ch(ar1,id requires mi must have atten -y tion, clse all trees anid vines put mo d will soon go like ltiusmals oi )f otlier: lim iv dont- in this state, m' 1 al.!Il tlh farmeir- gets for hi: Iai an) d vn. - a, is dis i ntn t. Ibit th- work 01 c <.-riaI I'mw aii orchIard is sipIlep an "."eyO', am armer wimo ; y not thoroi-bly famiiliari with tie le s et hods should get in touch with thn e eunt' agent al ask foi- thie inf t'orma tioin, which will be p-hill given. Tht wor, : to htb done 'this fall ani wiiter cal be siiited ill) as follows I Select the site for the orircha d w% hic -houll h onIm clevate-d hil. - of a Ihigh hill but a little knoll ti cive good air dlrainage '1ail lessen Ih <binger of frost. 2 l'iepmre the soil thorougly h io ri setting tlie trees. lireaik (k.o nii 6llow wit a c-utaway ini ord1lei to get tihe soil as ine as possible. It i lctter to do this from two to, fiou u% s befWre th le tfees aire set. It, soil is not ii a good state of fvrtility, it will be well to Imil in a little woif Is-eah-1 t( place at t tht Y iioits. 0r giet a lit tle biariiyard1 ma nuie an t1horongbly incoipiiiate with the 4i, t0hat is lacd aiomid the root-s. h'lis will enaeir the trees to io,-row faster the following spring. I' )ihe (he hlsdeep enoughA ('I b abouit twio inc-s detper in tihe 0il than they wei in lt niust-iy aid wide enough to allow a1 riol: tio spread out -ul lt. . I Tim off aill inijrdi riots. (ut 9to heal ia .r aiii asoi lressents tlw G] T it o all small bri:iiiho's. lit caeofpeaherut themi off' from1 15 St 18 ineh-lsoeteeron1 ph hout t w-iit~ ab~ve ill -ram, . h 0 f-cH ewh wva; bbwkhis arrieIs and lwhIt ol~e, by il Iet; grai r it hi i A phi. :< Iie eu , io wtu lklarvs t s:ymain,- W ivest h. ll h-y~,lini )aii s. ind cle iry n S l'eirl : Ke\r, I 'ntIu t. Cherris: l.:rlyll(chmond Ptr of(ch ei laiu riiit, i l;r ensbor I \ed liird lee , fulilbi i'ar-nan, A bini-ai oh! oflixn Eae, ut'rowtr I I'Ialhe. dii, ilciiel dI ean mie Witts IA'n.A, I ld we riabl1.e roet esro.r Graos: .\oe's-n in3ry ix ii wit.. fIrofheron. om-mny aki I iwfil p ls. te'ld e o r hat of(*ze( Clar ke) o ntyough 1fth 'a t of , iteem e, or2 ('ar.1o'l A. all fr ander out-uincag, astAr minitatge bulins th r ':satory Auistu F. Richardson, deceased bllk J.IS. RichardsCn. 'Ti Fai' 1" ? W1 The imos thousand Because i Venience the entire NEW YORK CROWDS I~ it tS h Yli ~e 1)1: Thei oth Nc i\V m4ck, DecL. :i el i' It sml. 'Cnli whIichi l sacil li iiiiiiclre lOw Ic; p I ss she NeOs at her repti in Lou i Yh t tteiiliI I c iph as-s ini St. Pati 's I. 1 i iatllidrl this movinlcc, eltlue l as Fliii laity\V wich (111(11 i d outidelliii cI( I 1 I )ist r NWh , Y1 tli . NvC it I) illac in, 'd, 4 liW I.i:i Amic a,11 cAI i ls. .\li ~ \l cwine ict. c Forest ti ed hig- m ss in St PatritIin imk rowd whi)c g-teredh outieli to gre1: "Irihodernble...onei Price $2O( hoerlth u~ l pesns w itd A S-t-s ousieh atnDra uoi \R.\an-ote mt L prized possession in of American homes. t adds most to the con -onfort and enjoyment of family, and at small cost. leConsutnyption is unlusuially low e nileage is unu11sually high I. McCOLLUM, Sumter, S. C. 4.0 ti t ( u t tf the nitd t lI I v )-I i tr, i I of S4uth F I, it I ; ili jtI 11 the .\Itter If In t Anherealitii (C o., alIIlI..I'1,1 lt t. I [lii l l' dtt ri ing i~i ile : ,; i ' ir ti ( ' a i , (ie t i n i i\\l t i -t ('out i f the. i ni d t r I t i l f So t (' ri na hltrll I t , \V i: i ' ien'e.\, Best musO, tha o $5r 50 ull :ttu(mmr'!stwunsssu, 1. V w~a (WIDEN 11*11 44 U--<xx. -- h D ist il ( ut of th'U it! the the I: 4 t II I l .\I I. f. ( ' .. \fN o b r \\n IlI h4 r i - re I n \lec a t h m n n 44 i~4 - h u4 4 4444 Sechion. >yd,| South Carolina I