Historical Newspapers of South Carolina

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mmmmmjasmmmHBse^mmssass^aiieatsss SPEEDY ^COOPERATION; *D I v SUIWl^OP:S^ATORS ANI> > ? CONGRESSMEN EROM AGRICULTURAL SECTIONS OP NATION SOLICITED IN PASSAGE OF AGRICULTURAL CREDITS LEGISLATION^. (From Cotton News. ). Readers of CQT?g*f NEWS will doubtless be mucWjjiferested in,the following commufeJc&YTan adclr^ssed to senators and con/rreasnwh from the agricultural sectk>ns<of the nation bjy President WduSiamaker of ^ ' the American Cot^^'Association. earnestly urging 'support and gpL cooperation in th? prompt passage of agricultural Credits legislation other vitaiHy; important meas- f |si|?g8knres for the pronioVon and prctecof agricultureV. "We have recently through personal representatives made a ^ careful canvass o^ the entire cotgp ton growing se^tjfgpp of . America. having interviewed .farmers, merchants^ *eators..:vand , business men; a.nd in addition, we have taken a census iW the main gricultural sectibi^/of the West. As a result, we &nd that the agricultural prod and allied interests are l<^jSe&.with debt fn curred on the .inflation, that the farmers. a^5v,tjio.ut sufficient credits to 5^otiuce, onl that while condititywpChavo s! i gh t iv imnrnved. theY,,ire reaching the conclusion tjiaV^. will be impossible to pay these debts on \ deflation. "We have also recently held conferences wito, 'a number of the leading businessmen of the nation and they^aadUy concede that as a result flme debacle in frfr. prices brought ajteftk by artificial deflation, the n^j&^is oresented confronted in the last ceptmy,? SpS&M. It being conceded that the to*?? gEl&S to -the agricultural tprodiicer:.v of America on the c&pb 'Ofl 9J2Q; and are conservatively estimated based-vupen the cost P^ P^8|^^^duction and', the selling price, ?a that </f^hh?the cotton' farmere vOf. the South have suffered lossesVbf ^goo,ooMQO. ~ These losses are Represented by unsettled obligatfonydue backers, merchanth.^mapjifacturers. and other lines of indtijj*ry extending credits for thev<jy>e*luction of these two crops. - 7 i "The settlement of these debts ~ Ja indeed * & most perplexing \ problem. cannot remain, \ ^ Justsolution of mew burdened with theee d< btjf lacking both' incentive ability, c to producer it means. thmjfflillk* * tion of production. Unl$ss re liCved speedily, it will eventually mean faming supplies oj farm products and' the appalling1 conditions which will necessarily fol. . low.' The law of cause and. effeet is unchangeable. It ban ~V -have no other.result. These debts must be disposed of either by payment or otherwise. ' "Abraham Lincoln well-said: V ; -1. 44 It a Government ^onV r ^ > traeted a debtVmfeh & c^jrain J. amount of money in circulation a f- : and then contracted the. volL :{ume of money before the debt * - ; was paid, it is the most heiitQus -r i crime a government could. ; :r " 7 commit against the people.' / ; ^In .1896. when Bryan was ad. ..f ' 3 -r vocatlng.the free coinage of ail* v,; T- ver. . it . was defeated on the-* .' / - " ground that to pay a debt* in u;,< >, cheaper money would be dishon?- . - - i ? Jth '.'j eat; tiiat 11 a aeot.or 91,we incurred and it .was -?T ?'' cheaper money, tlpma'nto/whom? ... the debt .was owe&jtffal&j be deL f : ; * frauded, as heCoul?*7nQ,'t ifiptchase the safme arftbupt cheaper n>oney as h^^ouldyefreh rthe debt created^' and-if^ Bryan's proposition r was carried' . into effect it would pean the;<j ^ -:> payment of a .debt $SjD<L"?j| Yet tiglay.it jp negessary "* *-?. v- ttrpkjT2f debt more than- twdcfeK, If it was dishonest t hem-post as- ', ,. *V suredly it is dishonest ? 1 ' * x , "I am> enclosing you.(herewith . ^ * some suggestions con^jrnmgf-:ag-.. ricultural finance,' made '^ytjone^ * /' ' of the biggest men of tb? nation^' v He shirks publicity an dadoes < wish his name known* _"YH germ of much merit,- and3'I>^i^g c r# 7 that yotl give this plan y^r.ipqstc:) careful consideration, and let us-' n have the benefit of your -lud^- - ?; ment concerning same. n "It is generally agreed that it is absolutely necessary to'pa$s an agricultural credits bill Entirely [ , divorced from the Federal. Re-< L serve System. It is not-,/jthprobable that the suggestions enclosed can be incorporated, into' the agricultural finance legislation. - ?* ' -r 't'" ; ' Strenuous opposition see his to have been raised, in certain sections, especially in the Ea$t, against the appointment of a .representative of agriculture on the Federal Reserve Board. The * fact seems to have been entirely.' , overlooked that the great B,anki " ^ /Of France has had a farmer on _ 1 , its governing board since JUNK): that agriculture is giveh"a special c < rate o? interest, usually- from. S- % tfTT^per cent ABdr.under^the' ' a r?t$ toi^herVthaqi. a per . pent ? ? ?? v,/, s\ln/um*cr'ari TViia "nriln. tanijy'r. uc p derfuA ^yatenTgi^n to France by ' Napd^eanMn. 1-S6t0 has been thor- .. oughiy tested'by time. . Dur ngr this en$r& time there has jio.t _ .been % .single amendment .to this - : great banking: law rwltfiL the <ax- 1 : caption ol the > renewal. of its charter^arhd sUi rtlte finahefoi institutions of y^ancfe: ire members - ,'v of the system.' Yet. in our 6iUfc - c : _ ' " - :: : " : (- ** T - . - r. - x: X ;* V* ^ -i r t . -A fc l i ?r Congress alone 66 bills and resolutions were'introduced to amend the Federal Reserve Act, and only 1.595 of a total of 11,235 state banks and trust companies eligible to membership have joined the Federal Reserve System. You, of course, know that . the national banks had no alternative but were forced to join. This would seem to plainly indicate that it is both the verdict of i Congress and the banks that the j appalling conditions existing in the agricultural sections necessi"tate the speedy passage of financial agricultural legislation, and I- sincerely urge and beg that you concentrate your every effort for this purpose . ' "John C. Calhoun, one of America's greatest statesmen, in an address in the Senate made the j following statement: " 'Place the money power in j the hands of a combination of | a few individuals and they, by expanding or contracting the ; currency, may raise or sink prices at pleasure, and by purchasing when at the greatest depression and selling at the greatest elevation may com' mand the whole property and industry of the community and control its fiscal operations.' "It is my understanding of the Federal Reserve Act that the Federal Reserve Board should have been chosen so that it would have representatives from the various geographical divisions of the country, representing the ? * ii-A? /vP in. tne aintfreiiL imco 01. umuou.., including agriculture. This provision, however, seems to - have been entirely ignored." :Had, it been carried dnut;' instead of con- ; ditions ' being 4 as . jnentioned above, I firmly %dliefe .tha? today the agricultural Sections of. i . the nation would" be prosperous,^ j and this, ;of course,; would -in^an prosperity to the entire country Confidence and the - debt-paying . and-purchasing power of a large proportion of our people, especially in the agricultural sec- tions, have been absolutely de-/ - atroyed. It can only be restored by removing the clause which de?atroyd it, %hd only by furnishing the means for rehabilitation, . "This is one of the/'-most serious problems that has been presented to -$fce_ Congress of the nation for solution, and. I beg your most earnest consideration of .this matter. We are 'especially anxious to have ' .the .j benefit of your judgment as to I what we can expect . 4rem the t prto^at session of CHaaTeas tore- j , these distressing coadi$ We have a. solvent natiod\ ,put a bankrupt agriculture.. ^ At ia.grue we have a Large i>ro "portigh.of the mouerary g*u . ' the "vfcQrld. However; our foundation, apiculture, has been shatte^#./ Qur civilization rtptea, upon S^gtffculturemand not ufH>p ??ia. r ~;v P : "Dcfajrou not feel that the re- -jj diacotSij^ rate charged by the ' varioheijbdera! Reserve Banks should^lSPjlowered, especially on agricujtu^b'. paper? The Federal Resej^ehpanks are carrying a fabulous aippunt of unused gold. A ^wer. rate of redis- \ count i? j us t i f ijjjuT-on^every standpoint^ "of a outjd rT^MkxSS: < Won't yotrizbfi#p VUhvSBefc* eral Resecv^- Boird rthe lo.^ej^^.t^ rediscount^^ffife ...use "euery effortvtoAh?tyM|^8j^^ , ^ iflUest^grantedZv^ A cess">?|v s ^ irpef *den& ^..granted by the vaftous }/>_, Reserve BhhksJ, i. .^j^^ ypVL not ^eel" thaj^'the tfilfife d-atitaportation ^charges', impoMn^; o.;.",upon -both the prb^ivcer and* the-N ^Jonsu^rh heaVy penalty, s^ouj-d'" b? lq*|ferecl& .. Whajt04ction/ ysrilJ .' Congress's1' take' fd.extend j relief ; along this iino ^o/"' / -?,r' v' '-v.-i-.-.; ? r' / <..' "(TSE:;, f^I^OWIXG OtfTIdftfE .? TOTOBS ^UGGRSTED/ PJU&N FOR^[NAhCFVG AGRICTTL^ f: :\ ^URE MEXTtOX^D Uk PRE&tt ? TOEJfX^ WAXXAMAKEfe'& XET- < TH^^TOf i$H$ SENA'^ORS AXD .. ? COXGKJB&S5tE5r)'. / >< ?t ^I5GGE8*^.1P<3KAN TOfL' Fl' ^J?Xraifc$K l^^GklCUtTURKr/, > * SM? BUSINESS,<; '<kp fJ&tBlcf. ' , * '^V^'iryn^liring^ his^^rtvbd^ ^It^^^bsacTnih't'i It /is graded,"and ,: 2uly vafile. i^ gOld *fa&^sdys fro ipte'r ?st., \^p^ts -CH^^frftient^njifltfingy Except ' expbnSe pOriftnting certificate . <? ] f&Vr* aovf^niiep^does r:ppt charge th'e njiner'&nyj^iflig for ' .graSihg: bpcfee /it ;s soapxious to " get this commodity" 'that it forges '\ -,tf*i9'charge i* I . ? ' '' ^he^farmer tak^/;I0. bales of "' cotton tp ,a GoverajpientYWarehouse, ,.where-;it is graded. ' He asks for . the issuance of certificate and theirwants-'t^e Government:-,to loan him money, on the Im certificate. The> TGOverjoment says we' cannot loan yb& t.he^full amount that you can get for, it if you sell now,, but we find that the average price of your cotton on a gold basis for the last twenty-five years is 20 tents yper ' pound ^illustration). This is our methpd of appraising values. So ~you -mortgage your cotton and we ^-*$1 lo?tnwsypu 50 per cent of the appVaised jealue in Federal Reserve - nor^s,-?r-uejsaine kuiu mat w*r jnuu ^a^/furh^iv to. the bankers for therc4iaQdizing oorpmoditie$. * .< "Top understand,> Jflr. Farmer, that you canpot, -havey unlimited ,Storage .rights. We lyill'oply give .youk'orre year to Ye&aveV?$v.your -cotton. you mu$t jjelL^peateentage every month over Ahfrrfhole periods otherwise some Qty^u far*m era-might try to hold youf cotton and" get a higher price' and if this failed it rtiigtit^ result in confusing th? public..w-ho. byy your cotton. ~ 44f^riaer> I have" 10 bales of - a* v y v. -- >' ' < : .y ? \ / ' .% r ^ V \ ' ' i) ;/ ?< \ 4 c _ w y | cotton and a certificate; how am I to sell a bale every month or so over the whole year? Government: When your 10 bales are graded, you will get 10 \ certificates. Our unit is 1 bale of cotton. When we have wheat the. unit is 100 bushels. Hence, you r, can come to the. warehouse, handvj; in the money we- loaned you on it -j and romovo thp cotton. Or VOU *'i can sell your certificate on the ex- J\j change, or to anybody, and the pur-^j chaser will bring it to us together ' with the money loaned and we will $ deliver the cotton to him. ~j ' Farmer: Do I have to sign my : name 'to anything? "Government: No, we do not I require names; we only loan on cotton in our possession, graded and U appraised by us. "Farmer: But suppose I sold a bale and had spent all the money ' received from the loan, how could I get the bale out? "Government: You could not. After you got the loan you haye parted with some of the value of the bale. Your certificate represents the value left in the bale. You can sell the certificate on the Ex- v chane or to Bankers, subject to mortgage. J "Farmer: But suppose I thought the price too low, and wanted to hold for higher price how would I do it? "Government: Well; we have loaned you one-half the money on your whole crop. That Removes your immediate wants and we give , you a whole year to market and sell the balance, but we will notj permit you to - hbld the whole of your c?tton and sell it at any-tin^ in one lot.. This would open the - doors to outside . speculation and * would, also' eonfube your customers. ' You must know that we have othe>$" * farmers' to- look after, and all the ' - men- who buy the cotton, wheat* j . and other commodities of the far?-; * mer. Almost any banker will-loan.-, : on your first certificate because he " likes short loans 1 / "Fanner:. Suppose I wanted td'3 ' sell all my, -10 bales within a.* xnonth after storing them when I thought the price was good? : ' '^Government: You can do that at any time. Our ruletf prevents your holding your crop because you are not satisfied with the price* We . give you a fair chance to hold and . market over a year, and not glut the market When all of you must have money. We take care of that . when we laan you one-half of the whole Value at the start. A. month 'lifter you get this money-yeaf may not want to sell the first of your If bales because you then have plenty of money from -the. loan and perhaps beeause the , : market- price is not satisfacr .tory, but you will have to do Vi. Your average price of ; your 1,0 hales wnf v yhar will even-.up matter* "i farmer? What do ^ou charge us for; doing all this * **** you,say wTdo not have to pay any interest? i ^Goreromeat: We charge you for grading, storage and \x amall charge on the cost of the Warehouses; to wipe out the coat in forty years, ^bis will be less than what ypn have always paid. The Government is not doing this for profit; it is doing Jt so r> reppy^s outlined. This system of ' i.^issukicr.fsirrency has been used with 'O'tjie greatest' degree of satisfaction ^An'the fading European. countries ';vforpractidatly the last fifty years. . It will, result-in stabilising prices to ' a certain' ext'eht. Under present?. conditions it will prove of -the greatest iljenefit; as will enable' the farmer to secure <S? per cent of the value-of. his crop without interest, thus assisting' him to" work out of ' 'his ! inflated debts and- slowly re habilitate. Of -course,Nthe plan" could be so worked as to include the charging of a low rate-, of'interest, usually from 3 to 4 per cent, and not exceeding 5 per cent.')" ^ , 'Watchful Weighing. v Caller: "Well, Mr. Grabbins,-how do you find business? Profiteering Butcher: Oh, it's just the weigh one feels about it! CALCIUM CARBIDE. Calcium carbide, the foundation of acetylene gas, was invented.o r more properly discovered, in 1888 by an American named Willson. Hi; process for manufacturing it in large quantities was responsible for - the boom in the automobile industry, as carbde lgihts made night travel possible . FRAMES MADE TO ORDER. Y\ 6 ni3.K6 picture 11 dnit'3 IU yi uci . Bring us your pictures, photos, diplomas. certificates, etc., for framing. A new stock of latest styles of mouldings. First class material and good work guaranteed. Our prices are reasonable for a good job. HARMON DRUG CO., Iw Lexington. S. C. I IMPORTANT MATERIAL FOR PUBLICITY. The State Short Course for Home Demonstration club members of South Carolina will be held at Winthrop ColLege June 9 to 15 inclusive. About 400 women and girls from every part of 4the s-tate are expected to attend. Five women and five girls are sent from each county, these delegates being se Ieeted for excellence in Home Demon-i stration Work and their ability as leaders. In addition to the regular delegates, the County Farm Women's Councils will send special representatives . "'-'An interesting and instructive program has been arranged by the State Hom^ Demonstration Agent and her assistants. Prominent demonstrators and lecturers from all parts of the fXS?Untry will be on the program. Among the speakers are, Dr. Ci. B. 1 Smith, Mr. . B. Martin and Miss Florist#. ence Ward.from the U.S. Departpient of. Agriculture, Washington, D.', C. Dar1. Ruby Green Smith, Associate state dome Demonstration Leader, New ""frbrk State, Dr. Leon C. Palmer, General.Superintendent, South Carolina Suziday School Association; Mrs. Chauncey B. -McDonald, Secretary; S. C^^TubereuIosis Association: and Dr. Riser, of the State Board of Health. Demonstrations'along many ? ? ? 1 - - ?- 1 Krt rri.'A.i K,r lines'oi nome iiukiuk mu uc b>>^" tfee ^Specialists and the tountv home demonstration agents. ' ' %^tecreation will be an importantcf?atfc&i ofJthe program. A^trainedljijlirtettotwill have; charge of. the worfyjih thdj^ranasium," including dfills, games flW^ian.cing and swimming*. Mr. It', E. MiClI of the Rock Hill Y. M. C. A: VOT^conduct the community singing ea^J^eveiling. Iri addition to the entelwlnrnents mentioned above, there wffijjj)^ moving pictures, parties ajnd -of Yirter'est to^ffi'e; gt^pwriii be the course in Health Edujcailfjgl^,conducted by Miss Harriett YftjM||pewo6d of the U. S. Bureau or rJ2dtt(?tion. Here the girls will be taujf&t the "Rules of the Health SjKtfjBjjj?' and "Right Living." .: ^3y?41ciitions are that this Short Cmirae will be the best ever held.; Prtfgjpi&ht D. B. Johnson has gener-, otifcfy given us the use of the Winthrop. Cbtl^fcc buildings and equipment, and; li^H^erating in every possible way to the Short Course a success. 'f.^^Iieacihgton County representa.. - a. -Ujo-wVfiTny fr? aft And thf I 8t#$MSh6rt Course" for Demonstration jStt^orJcers, are as follows: CMS. iMisa Thelma Hendrix of the' Cooking Club, first prize ' WipHSr." in, the county biscuit contesl , ahd'^fecond prize winner in the district bfa#J$f contest, year 1921; Miss Eva CoriWfHrf the Pine View Cooking Cljjl^Miss Lola Roof of the Oak Grcpfeewinf Club; Miss Virtilla RobertjlpSf the Cedar Grove Poultry Club, ahll^piss Sadie Shealy of the Newburg ?Mrs. Abram Stork, Mrs. E. -X^JgBllman, Miss Mary C. Wingard, rmp v ,iWQ W' 2 ' i wt: tan 2 ? ? 'T? a S? :|:S* ? l-tS ? ^ii * ' 2", ' * * ' f DISTILLED WATER. ;. p?re distilled water for autos and 'storage batteries, bottled in =.clean at'/ pints, ...fluarts and gallons or sold as you "want it. There is a difference in pure distilled water and socailed distilled winter. The price of the purest is very little and may mean the saving of the cost of a new battery. HARMON DRUG CO., 2w Lexington, S. C. FiNAirihjS^HARGE. <VS Notice is hereby gtyen that T. E. Marchant, Administrator of the estate of J. M. Marcharit. deceased, has this day made application unto me for a final discharge as such adrtiinistrator, and that the 3d day of July,'1922, at 11 o'clock a, m. at my office ha^? been appointed for the hearing of said^Petition. V W. F. HOOK. \ Judge of Probate Lexington County, S. C. Junte, 1922: A. Minus Quantity. She-?I'm afraid Ferdie has more money than braihs. He?Why, Ferdie has more money than brains when his allowance is all used up. Society women give functions tor the purpose of getting even. GET READY TO SWIM. We have the Swim Caps. T">? i. U : M /v r\ w o. f/M* ti'Aivi on mnn Wo\*e DULIUUo cays 1U1 nuiutu, mvn, vwj o, misses and children, in ail the latest styles and colors. If you are a lover of this healthful sport, you should see our display of Swim Caps. Our prices are right. We can please you. HARMON DRUG CO.. The REXALL Store, 2w Lexington. S. C. BARGAINS I Mack's Dry Men's Blue Chambry Work Shir Men's Overalls?all sizes Walk-Over Shoes, for Men.i.t. Men's Ar-my Russett Shoes. .. Men's Union Suits.... Women's Oxfords, rubber heels A tiaa-l will convince you that -;>S " r . > ' i Mack's Dry a j? . WU58 Assembly on the ' i . .. ???~ . rv, ' C.D.E FLOUI Offer * $ tl ^ I WHEAT; v PLAIN Of the highest quality and from their wheat by moder SPECIAL ATT TO OUT-OF-1 h Leesville Mil! LEESVI - SflflMMr JCamps 1 "The LAM In the Mountains of Accommodations reasonable anc education available. FOR generations. Western N ! LAND of the SKT'V/ It has Ion most beautiful nipjuntain regions tans are many healthful and de! tion. y. St^CMER TO! Now on sale to all resort points, to midnght of whch date return stopovers. For particulars con or Ft. S. BROWN, District ] . Augusta. Ga. I SOUTHERN ' R A I if ; Millinery: Whit< All thi Lit 1415 MAIA STREET I ^ 1 1 I vTHi: TAYLOR DRUG COMPANY Druj;sist3 i 1.V>rt %f*IV CTRTIT Phone 5035 COLUMBIA, S. C. Toilet Articles. Prescriptions, Everything that goe3 to make a First-Class Drug Store. W. J. TAYLOR, President. ? - BBS? ;VERY DAY AT 1 Goods Store ' < ' | *V..: ts 49<t 75c Pr.l . :$4.95 Pr.j 'l 1 $3.49 Pr.jk : 55c Suit:! .......$1.95 Pr.j we sell cheaper.- . ? i ! Goods Store Market Square Columbia, S. C. ' * i, "I ; i > :)lil .. I "i n iARR'S I R MILL J TV"!7,* * s to the 1 | GROWERS liW FLOUR all the returns obtainable n custom milling. ENTION GIVEN j TOWN ORDERS * -' ' ; -*' 1 j ' j ling Company * LLE, S. C. . i / ' y ' % * tor Boys and Girls j ill? 1 ! "s ftf tVw> Silrv" Western North Carolina I |! I every feature of amusement and ' .1 I; cth Carolina has been called "The I S been characterized $s one of the j in all AMERICA 1'iv these moun- / J [ightful places to spend your vaca- I. ?. - *1 L7RIST TICKETS I limited to October 31. 1922, prior j trip must be completed. Liberal j imunicate with any Ticket Agent j Pa$??ensper Agent. 741 Broad Street, j I. \V AY S V S T E M I , " "r . Shewing of y " 3 Hats s Week tusfS^ COLUMBIA* S, (C.' >. "