Historical Newspapers of South Carolina

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PREARINC TO AINITER AGRICUILURA1 REtl1f ACT Quotes Investigator for U. S. Depart menit of Agricttte, Who. Finds Sentiment in Europe That Mills Should Buy Cotton Only as They Can Sell Goods Profitably. Eugene Meyer, Jr., managing direc I(), of the War Finance Corporation, o. August 27, made the following statement: "The , War Finance Corporation is actively lengaged in perfecting plans for the administration of the agricul tural ielief act, which was passed by the Congress and approved by the President on Wednesday. As soon as these plans are in final shape, they will be announced, and, at the same time, full information will be given regaiding the procedure that should be followed in making application for advances." Means Much to Agriculture "T.he agricultural relief act," said Mr. Meyer, "is a measure of great significance to our agricultural inter est. It is a very constructive piece of legislation, and, in my opinion, i3 thoroughly workable from the admin istrative point of view. It recognizes the new conditions existing in our in teroational and domestic trade and aims to meet these conditions by giv ing the War Finance Corporation pow er to assist in financing the carrying of agricultural commodities until they can hc marketed in an orderly way. Th nability and unwillingness of CO-OPEJ between the banker and f success of both. A realization of yo earnest desire to u legitimate way big part of every bank. Si First National W .C. DAVIS, A. C. BRADIH J. T. STUKEE LEEEEEEEEEEEIEEEI U * Cotton U* Phone, wire or * you have an1y *J. P. COM: * Sumter OUR BAN~i THEY ARE INSEPA RA BLE A good future without doesn't often happen, yo Our institution is a p: and investing bank. We solicit the patronas a] attributes are likewise ly desire to become such. You never regret mnoi use to regret when it is i The Bank i JOSEPH SP T. M. MO( foreign meVi a44 "p' factqers to purchase the .greaer part of heir requi ententti f9X tte.r yer quring thp period inimediatey following the har vesting of our crops, as they are ac customed to do in normal times, coup led with the failure of our own mer chants and manufacturers to carry normal stocks, has brought about a situation which makes it necessary for us to market our staple agricul tural products over a longer period than usual. This situation is clearly indicated in the following extract from a report from an investigator of the Department of Agriculture, who is now in Europe studying the mar kets there for American agricultural products: "The cotton merchants over here in the countries visited do not think it sound business for American shippers or banks to advance too much credit to the cotton mills. They say that the mills can arrange the necessary cred its with local banks to buy cotton if only they can show an outlet for the goods; that extending liberal credit from America will tend to increase the risks assumed by the mill and may lead to speculative ventures on the part of the mills. "These merchants point out that mills should buy cotton only as they are able to sell goods profitably and then that the mill should cover its re quirements with cotton close at hand. They go so far as to say the mer chant should sell cotton on call for the mill to fix the price when the goods are sold. This suggestion seems un sound to me, as it involves too great a risk for the seller, making him take chances which rightfully fall on the RATION armer is necessary to the ur farm needs; an tssist you in every this constitutes a bransaction at this Bank President AM, Vice-President , Cashier. Seed!i U write mec when seed to sell. M A NDER,I , . :1C. U Land Dur Future saving is something that u know. 'ogressive money saving ~e of these whose person -and those who earnest 1ey saved. There is no tone. if Manning ROTT, President 'ZON, Cashier shodilo be placed in gie l ig pqAq 'Markets and .4 edkdF in rolat' seems sound. The pr an be lxe when the sale is consttnAated and at a rate of exchange whiidh is taken into consideration when the price Is deter mined. .These .meclants. pojut o4t that they can not carry large stocks. as in former years, as, e changgjnq tbp rate of exchange might cause serious losses, and. that, therefore they must pf *eceesity buy '.cottop only as it is needed. If they follow% out this plai it Nyill ryean safe business to Euro pean mil,, but a slow and long-drawn out cotton season back in Anierica and cotton g'rowers might. as welf make their plans to market thpir crop gradually as the demand warrapts.' Aims to Stabilize Marketifng "The pressing need at the present time, therefore, is for additional fa cilities to finance our staple agricul-' tural products so that they can be marketed more gradually than for merly. The agricultural relief act aims to provide these facilities along sound lines and in a way that will be' helpful not only to the prdducers themselves, but also to the whole bu siness of the country. "It should be clearly understood that the act is an emergency measure, designed to meet the abnormal condi tions now confronting us. Experience in connection with its administration, however, should enable us to deter mine to what extent, if any, additional financial machinery of a permanent character is necessary to take care of the marketing of our staple agricul tural products iii an orderly wiay un der normal conditions." -----o -- ROTATION ONLY PItACTICA , CURE OF PEA-SICK LAND Where thc crop of peas grown for canning or truck market purposes the past season has shown\ root rot, the United States Department of Agricul ture auvises planning for a long ro tation of other crops, beginning with the next season, to rid the soil of the disease. A four-year rotation is some times effective, but cases have been met, both in the East an'd in the Cen tral States, where even a longer ro tation has proved insuffcient. Investigations by the department during the past three years have shown that root rot of peas is present in all of the larger pea-growing areas east of the Mississippi, and to some extent in Montana and Utah. The di sease lives in the soil and becomes more destructive eCAch year that peas are grown on infested land, soon re ducing the crop to such an extent as to make it unprofitable. It is distri buted by the custom prevalent in some sections of transferring soil from old fields to new ones to carry the nodule bacteria, and by wind and other means. The area of pea-sick land is widen ing each year. It is particularly im portallt that the large seed-growing regions of the West. Which have re ilained free of the disease up to the present time, be protected from it by the practice of proper rotation. Thie departmenL is breeding "varie ties of peas resistant to root rot, but some time must elapse before there can be any assurance that the com mercial growers' problem can be solv ed in this way. RISE AND FALL, OF FOOD PlRICES REPEATS HISTOltY The family nmn whose income did not increase between 1914 and 1918 was in a bad way. Everything he nlecded, and all the things he an1d his wife and children believed they ought to have to be happy, becale so-costly that a new system of living had to be aido)te(I. Millions, perhaps, changed their diet by reducing animal foods, anid meats of all kinds, and increasing Lhe use of grinils and vegetables; and, mlldentally, a very large number haIve not1 gone black to the old1 sehe :lls. Wholesale Prices D~oubled Comipared with the 5-year average biefore the World War, whlolesale prices in 1918 had doubled, or wvere represenitedl by 200 as an index num per* from which to figure. Many com modl~ities were higher and many weie [ower thlan this figure wvould indicate. lloweveir, any prodluct that had not loubled in price in those days was re atively cheap, and1( anyth ing that had nore than dioubledi was relatively hiigh p)riced. Pricies, it will be seen, aro uigh or low entirely by complarison. flhe man who went back into historyv for is information and guidlance in ulreparingw for wha t he nmight r'easoni ihly expect to encoiuuter in 1918 or 919 lear1nedl that tile rise and fall of >ices inl theo period after the Wor'ld War biore a sftriki ng simenilari ty to the ;ame rise and fall a fteor the Wa r of' $ 12 and after the Civil War. In .eh -aise the highest pric'e level was reach ad fter the wa r clos'ed , and inl each -ase there wvas an extremely violent Irop. [Department Bnlletin 999, just ssuedl by the United States Depart CYPRES$ SASH DOORS BLINDS MOULDINGS AND MILL WORK 50'8Q.*ciirettes for 10c fro one sack of . NUINE DURHAM T66BAcco We want ypu to havi the best paper for "BULL." So now you can receive with each paokagei a book of 24 leavesLof gL . the very finest cigarette paper in the world. ment of Agriculture as a contribution from the Bureau of Markets and Crop Estimates, shows that the rise in prices during the World War was much the saine as (luring the Civil War period, but continued longer af ter the close of the war, and resulted in a more violent drop than occurred aftei either the War of 1812 or the Civil War. After each of the previous wars a very violent drop in prices occurred, followed by recovery in part and some what stable prices for a year or more, followed by a longer but less violent drop, and again followed by a period of somewhat stable prices.' The drop in prices of farm products after the " HE WHO LOOKS BEFOi All new F our own wood, ge Ci It's equa] against a For true "last," si Eternal" BUY THE Often middle the case" CYPRESS, ti that defies d means doub] in lumber. You .can tell by the trad< the responsil Association. Write usi for list of FRIE and no substitutes" fr - 1~ YOUm LOCAL n)ALPRn warL War as sho i e blullet r d. o0, began -a ease In Idit then dip dr gral. uby Juno, I12I a 13ti'colipleted its downwa cour , a lea-Athat part which m1' h' be de scrilbd, as violent. To judge' by Civil War days and by the. slow rate of re cession now, some price recovery is to b .expected in the near future. This does not mean that all prices will rise. When inore 'Ptddtd4ris in price than' fall, the general price level will rise but many products will be oing own. It' is to be expected that h6s6 that have dropped excessively will rise, and;t tht pice. ~f moat things roch abov e pric level wi 1fAll. The bull~t~ Jives ma'y f comparison of wholesale and farmu prices. A cegrful forecast is foutfd in this Aentendo: "Maby far'mers calf not avoid failute, but, courage ap. pergerverance will carry many others thrqugh seemingly imp'ossible condi tions, and will do much to bring back normal times." --. COAT GRAZiNG IN B'USH AIDS FIRE PREVENTION An experiment in grazing goats over old burned forest ardhs recently was tried out with success on the Ojai district of the Santa Barbara Nation al Forest, Calif., by the Forest Ser vice of the United States Department of Agriculture. When there is a den se growth of brush it is often difficult for fire fighters to reach a forest fire, and it was thought that goat grazing would open up such areas without kill ninununun uummmi 01 unu Gr 1E HE LEAPS BUILDS OF CYPRES uilding is best world-famouc WOOD ETE . to an insura lot of repair bi economy, first Lnply stick to and GRADE THAT FI or low grades are but be sure it is le true "Wood Ete ecay, lasts practical le or treble your l genuine "Tide wa ~-mark below on >le mills that are , Look for it. E PLANS for (aflm buildings--but in the me; om your local lumber dealer-no matter Address inufacturer4' Asabel oydras Bldg., New Orleans, 77 Graham Bldg., Jacksonvil SUPPLY YOU. IF IIRE HASN'T ENUGr C n g Ie bedsh or 4 hie e o 1i 116 ause of th ultitudef indivi d lants : injurio .61 the goa a- are turned on to 6 aand the rodt sys teis remained..' et. The. large.st goat permittee, wh6 operates a pro fitable cheese .fato is well satisfied with the range. ~hl kids'ha " -be taught to eat the brush by i then a little cut brush every - be.. fore they are turied 'at., Cotfiry to general expectation, the F;afs go oln arily into the dense brus'- They ar do A 'ape to stray for whdW. they are filled up they seeC open qpots. The nerioiv trails made by the ta *ould, ivith i minimum of labor, check a ground fire. The graAs growth hqq incressed, aid bunch 'grass t aloig *the trella traversed twice a., 1$y the goats'is uhtbudhed' and allo~ed' to' eed. The g'razing cabacity of this brtish area. ,is 1 acre a head a year. The yearly cost of runninIg goats, in clu'd I grating fee, is $1 a head. This is offset by the manure conserved in bedding corrals, which is sold at the same rate. The annuil loss amounts to 5p.er cent, whereas 10 per cent is coisidored normal elsewhere. The lus ter on the mohair, whih app4re& but once a year on goats in some pW946, is present at 'all tinies on these a Barbaia goats. The fleeces are dkcp tionally clean because none of the chaparral species hav e burns. Grazing on burned areas snould not be deferred more than eight yeah 'af ter a fire, it is said. After thatthe brush is too high above ground to give satisfactory results. VEN BROS. MARBLE and GRANITE CO. DESIGNERS MANUFACTURERS ERECTORS Dealers in everything for the cemetery. he largest and best equipped mon tntal mills in the Carolinas. eenwood,--.------ S. C. S AND BUILDS FOR KEEPS." done with Southern RN nce policy 11s later on. :as well as 'the Wood TS THE JOB. "just right for "Tide water" rnal," the kind ly forever and morney's worth ter" CYPkESS the piroduct of nembers of the mntime insist on "CYPp'..s for what~ purpose you b~uy. lnsiat on "tide ationif Lat., or' le, Fla.* PR RAS LET US KWr ATnn NE