The Dillon herald. (Dillon, S.C.) 1894-????, July 11, 1918, Page Page Two, Image 2
Mr. Mm: on Appeals (or a Mr
Deal for Ike Farmer.
Foliowlop la the text of Congress aa
Stevenson's recent speech on
the floor of the house in behalf of a
sqnare deal for the cotton farmer:
Mr. 8tevenson: Mr. Chairman,
while I am heartily in favor of the
principle^ of this bill and think it
la one that we owe to the people who
will be mamitod and disabled for life,
who have assumed the responsibilities
that this nation has on the front, i
I want to* talk a few minutep about a :
subject a little foreign to it this
afternoon.
la the Washington Post of my
SO, a New York correspondent on the |
market situation contains the fol- <
lowing which is very suggestive to
the farmers of thq United States genorally:
"Bankers view the proposed increase*
in Federal taxes with equanimity.
They contend that if the new ,
tax schedule is made equitable there
will be no occasion for fear in Wall i
street. President Wilson admitted in
his address that the existing statute
had inequalities. The question of
equal taxation raises a point, whether
cotton growers and cotton goods (
ssanafacturers will have to bear spec i
ial taxes. It is alleged that cotton
goods men are making as much as
til per cent profits, and that they
have qscaped special taxation so far
because of influence in congress.
Nothing would please Wall street
more than to see cotton ta\ed. It
is asserted that the p'ejutilce of the
rolid south witl bo overcome by the |
united influence of the rest of the*
country. It w.ald also aleas*. Wall
street it the western farmers were ineluded
in the new taxation programme."
The question arises as to the
truthfulness of some of these statements.
The cotton manufacturer is
taxed on his income and his excess
profits just the same as the Wall
street magnate. So is the cotton farmer
and so is the western raisef of
stock and grain. The statement "they
have escaped special taxation so far
because of influence in congress" is
not true if it means that they are
not burdened with the war taxes
imposed on all in the same category
alike. If the Wall street gentry desire
that specific tax be levied on
each pound of cotton and on each |
bushel of wheat and on each yard j
of cloth, they would put these people j
in a different class and tax them
specially. That would be; a poor re- j
torn for the patriotism which they j
show in endeavoring to produce the
things which the government says j
are necessary to win the war, to wit,
bread, clothes, explosives, meat and j
fats.
I desire to call attention to the
fact that the cotton producer in the
past year has produced in refined oil,
between August 1, 1917, and April
30, 1918, 1,007,887,195 pounds ?
and this is purtj fat. They have pro- j
duced cottonseed meal, directly use-'
ful in fattening cattle, 1,912,625 !
tons.
The statement that cotton manu- 1
facturers are making 300 per cent
profit is easily believeable, but their
stocks are largely held in New York :
and New England, and the people ;
who hold them are payinr, income
taxes and the corporations are paying :
Income and excess profit taxes. The |
spindles that are located in the south .
number 1-1,323.000, and in the bal-!
ance of the United States the spindles
number 19,29,000, and they are!
running almost to full capacity, and '
I am informed, are having a profitable
business; but is there any reason
for laying a different tax on !
them from the tax laid on other peo- j
pie who are making money? That
they are making money at the expense
of the cotton farmer whose i
product has been depreciated in val- j
ue recently by manipulations on the
New York market, which made cotton
for future delivery sell for seven |
cents less per pound than the actual
cotton sells for, is shown by a com- !
parison of prices.
When war was declared in 1914 :
cotton was bringing 13 Vfe cents. It i
is now bringing 30 cents.
( Figures complied by former Sen-'
ator McLaurin of South Carolina, an
expert both in raising and marketing ]
cottou.)
Standard 27-in dress gingham, '
1914, 7%c; 1918. 25c.
Standard 4-yard sheeting, 1914,
6c; 1918, 23c.
Ten-quarter pepperrill sheeting,
1914, 20c; 1918, 02Vfcc.
William Anderson Ivanlioe ging- \
ham, 1914. 10%c; 1918, 32%c.
William Simpson standard prints,
t)C; l'JIB, ZZ'feC.
A. C. A. bed ticking, 1914, lOVfcc;
1918, 38%c.
Cotton blankets, special size and
weight, 1914, 75c; 1918, $2.25.
Child's ribbed stockings, per dozen,
1914, 85c; 1918, $2.25.
These prices show that the statement
is probably correct that they
are making handsome profits and are
endeavoring to increase them by the
reduction in the price of cotton. The
embargo on the shipment of cotton
on the railroads has been followed by
the calling of all loans on cotton by
the banks which necessitates the
selling of the cotton at a time when
it is impossible to move it to the
mills, and the purchaser is uncertain 1
when he can resell it or at what j
price. The mills can afford to buy
and retain it in the warehouse where
located until tl. v need it, and com
para tire figures show that th?jr have
bMB waiting for thla condition to
arise.
On April 30, 1917. there were
stored in the factory warehouses .1,033,350
bales; at th?i same date in
1918 there were 1.807,055 bales,
there being ilM917. 236,301 bales In
excess of that held by the mills in
1917. On the other hand there are
stored in the warehouses, held by
the purchasers, at the same date in J
1918, 2,843,553 bales of cotton, j
while there were only 2,503,411
balee so stored in 1917. The mills, '
therefore, hove 226,000 bales less *
and the owners have 340,000 bales *
more in storage and to depress the
price and also force this cotton on
the market will be vastly to the ad- '
vantage of the spinner, and this
probably is one of the reasons for call !
of loans on the cotton.
There is certainly no reason for (
alarm as to the value of the cotton, .
because the production for the year (
1916 for the entire world was 18,- j
365,000 bales, and the consumption ,
of cotton for the^ same year was 20,- ,
180,000 bales. The excess of con- j
Bumption over production was 1,- j
815,000 bales. Now, thq production |
for the year 1917 was 17,285,000 ,
bales, and conceding that the con- ,
sumption will decrease according to
the ratio of decrease up to the present,
the consumption will be 20,045,000
bales, leaving a deficit of 2,760,-'
000 bales, which is added to the deficit
carried over from the year 1916. 1
Hence cotton is becoming more valuable
and the only reason for a desire
to call the loans that are made
on it must be a desire to foroe a j1
sufficient amount on the market to 1
depress the price, which can only add 1
to the 300 per cent profit already being
made by the manufacturers.
I am not, however, admitting that
they are making that large profit,
nor am I admitting that they should <
be specially taxed more then to have <
all excess profits very heavily taxed; <
but the man who is making the cot- 1
ton is certainly not sharing in the <
tremendous benefits, and therefore 1
should not be discriminated against i
by being specially taxed and by hav- i
ing his loans called and his cotton <
forced on the market at a time when 1
everything is tending to depress the <
price of his product, nor should he
be specially taxed because "it will (
'Chain' .
Tread V
Backthe G<
to the
The Government has i
ness to pursue a certain
tion of the war.
Keep quality up and pi
?a strictly non-profite
It is the only patriotic
It is the policy this
adopted and the one
pursue.
We stand ready to i
in order to cooperate w;
We believe it is best f
We know it is best foi
We appeal to all cone
to adopt the same policy
American business tr
the support of the Gove
It is the surest and qu
war.
United St.
are Goo<
'RuyulCord'
ROGERS GARAGE, Dillon, S. C.
We know United States Tires Are Got
m ?mmy iltulii to Wall!
itroot" to tax it.
Now, la respect to what It la costnf
to market it, the farmer who la 1
nicking the cetton and who ia hit- o
ng the wheat, who ia to be specially t
axed, according to the gentleman in f
Jew York, according to their state- d
nents, ia confronted with double ex- o
ponse. The fertiliser that he has to t
>uy is costing him practically 100 q
per cent more and the labor which
le has to employ. If he can obtain It,
s also enormously increased in cost,
ind if the propaganda, is to be put
>ut now that they be specially tax- ?
sd, I submit it Is one, which is not
paklng into account tbe patriotism
hat has been shown by the farmers
>f the country who, at the request of
his great government, have increas(ha
fnnri nrnrlnntlnn annrm nimlv
n the last year and who are this
rear straining every resource to in:rease
it in the face of a price-fixing
programme which, as they say, has
:at the; profit that is in it to a very
ow figure, one which is oertainly
lot profitable, and in saying that I
submit that the proposition to tax
he western farmer and the southern
'armer especially on their products
s one which, I hope,, will not comiiend
Itself to, the committee on
ways and means.
Rattlesnake's Rattle. 1
The rattle of the rattlesnake fs developed
from the single scale ,cr epidermal
spine, which in most snakes t
forms the internal tegument of the
tall. The bone on which the root of
the rattle rests consists of the last
caudal vertebra and is covered with a
skin which is the beginning of the rab i
tie In young rattlesnakes.
?- (
CREDITORS NOTICE. (
Having qualified as administrator ?
>f the estate of J. R. Watson,j de
leased, notice is given that all per- *
sons indebted . to said estate are
hereby requested to make payment
to the undersigned and all peri ions
holding claims against said es tate
ire hereby requested to present the
same duly authenticated within [the
time provided by the law or this notice
will be plepd in bar of their] recovery.
I
A. B. WATSON,
5-27-4t Administrator. ]
..=*
Dvernment
Limit \
asked American busi- I
l course for the dura- 1
rices reasonable, \
? '
:ering policy. 1
policy.
coinpany has always
we will con to
mdergo any sacrifice
ith the Government.
or ourselves,
r our country.
:erns?big and small?
Vlust
rally as a unit to
Tnment.
licLest way to win the
ates Tires
J T:? -
J i ires
Nobby' 'Chain' ' Usco' 'Plain'
D. J. LEE, Hamer, S. C.
Ml Tires, That's Why We Sell Them
g-. I WF 1. I I I Jll. IIL L I. | | i n_
wutct or total romiw
Notice la hereby give* that J. A.
fcEachern, Ooardka for the estate
f Ethel McEachern, a minor, has J
his day made application unto me i
or a final discharge as such Guar- J
llan and that July It, 1918, at my <
ffice at 10 o'clock In the forenoon, |
l&b been appointed for the hearing
f said petition. ?
JOE CABELL HA VIS, |
i-20-4t. Judge of Probate Dillon Co. |
Detroit Vapor
Oil Stove
"Tow is s Good Time to Get a Do- ^
troit Vapor Oil Store ^
o do your work with real pleasure, 4
Economical, Quick and Safe. |
\8k any one who is using these won- <
ierful stoves. No wieks and use less
>il. We have our second car fo^this
leason.
Dome in and See Them?"Work 1
Like Gas."
W. A. Blizzard, I
Dilloo, S. C. |
>r the following Dealers: ?
LeRoy Williams, Dillon, S. C. ?
L.atta 7 "ware Co., Latta, S. C. \
kVinstead and Burnham, Mulins, S. g
Hlayes Bros., Pages Mills, S. C. "
Viarion Hardware Co., Marion, S. C. I j|
CHAN
Famous Fo
\j
Chand
\ Delig
VT O other similar mi
1AI tion as has the n<
other car of its type
style, such obvious ai
mmfftrt
The Chandler Dispa
great chassis on whicl
among all sixes for its
Full of life and power s
est movement it answ
Thousands this year
The trim and appoinl
hood and radiator and
appearance.
Choose th
Seven-Passenger Touring
Four-Passenger Dispai
Convertible Sedan. 12495
W. H. MU
CHANDLER MOTOl
ASraiKRisiLMity
A SAVER i< its Greateti
Spend, but Spend
Save, and Save E
Buy War-Saving 5
WE SELL T!
ti**First
Natioi
DILLON. g
The Only National Bank
\
fws
HBQ
i pwH?f?y
Buy Them
Help Win T1
FOR SALE EVER
The above space contrib
Committee by The Peoples Bi
Our- advice is to buy V
Liberty Bonds, then deposit ]
TL _ Tfc ?
ine reopie:
IDLER
r Its Marvelou
r~r ipTFrr
ler Dispatch
hts Thousan
[>del of any make has won such wide
jw Chandler Dispatch Car. You do
such swift sweeping grace of line
>pearance of dependable service a
tch is a go-get-there car?no matt
i this handsome body is mounted
i marvelous motor, is always read
ind instant in its response to the tl
ers every demand.
have chosen the Chandler Dispatc
iinen ts throughout are of fine qu:
beautiful electric blue finish give 1
ie Chandler as Your Car
Car, SI795 Four-Passenger
tch Car, $ 1875; Five White Wire Wheei
Convertible Coupe, $2398 i
All prices f. o. b. Cleveland
LLER, Dillon, South Carolina
* CAR COMPANY, CLEV1
I I.I II II. >1 |> jiini JI.I. V -gara
to tk CoMMHity
t Asset.
I WISELY
MtNESTLY
itamps ! | <
ItM
; , " i
jt \\
lalBank
). C. !
In Dillon County
M I
4 _ Jl ! 1
Ana | s
ie War I
YWHEEE 1
ated to War Savings |
usk. I
Zar Savings Stamps, i
irour other funds in 1
s Bank I
S I xl
s Mo tor
Car
I
ids ||
! public admiranot
find in any
!, such dashing
nd such riding
ter where. The
I, distinguished
y for any task,
arottle's slight:h
for their car.
ality. Its high
it most striking
IV ow
Roadster. Si 795
Is, SI lO Extra
Umousine, S3095
JLAND, OHIO
-?J