IMtLEAN TAKES GLOOMY VIEW.'
Former Treasury Assistant Says Ku- ^
rope is Not Able to Buy
Our Cotton.
A. W. McLean, former assistant
ecretary of the treasury and a memb<>i
of the War Finance Corporation,
has^bcen spending a few days in his
home town Lumberton, and while
^ there gave The Robesonian an interview
which may be of interest to |
fc Herald readers, many of whom prob-l,
ably know Mr- McLean nersnnallv
Mr. A. W. McLean after a short j
^ visit to Lumberton returned last
^ night to Washington to resume his
" official duties with the War Finance
^ Corporation. A Robesonian reporter
W asked Mr. McLean if he would not'
L make a statement in connection with
P yesterday's Washington dispatches
L to the effect that he and the other
P members of the War Finance Corporation
are trying to do something
P to aid in the exportation of Ameri-i
con cotton. In reply Mr- McLean
P stated:
At a conference on Monday the
k directors of the War Finance Cor^
poratlon, after consultation with
fc Secretary of Commerce Hoover and
P Secretary of Agriculture Wallace,
^ decided to arrange a conference with
P a few bankers from each of the cot>ton
growing states on Monday, April ,
4th, for the purpose of discussing
with them nlnns tn lnnlr intn ? V. ov
portation of cotton to European:
countries. The War Finance Corpora- j
tion has been authorized by law to |
extend civait to American exporters'
or American bankers in connection'
with the exportation of cotton and!
other products to foreign countries.'
The corporation cannot, however, under
the law extend credit to foreign
concerns. Credits must necessarily
be extended to American exporters or,
American bankers. No advances caul
. be made until the sale of the pro-1
ducts has been arranged in the for-j
eign countries. Of course, cotton cannot
be exported except by sliip-loads.
It is manifestly impossible for individual
farmers or even small group
of farmers to do this within the provisions
of the act of Congress and
obtain the financial relief direct, because
they cannot arrange the contract
for sale on the other side, and
for the further reason that shiploads
of cotton are required. The
War Finance Corporation, therefore,
if it does anything in the matter, is
^ bound to deal with cotton exporters
r 01 large DanKing groups wbo can
provide for sale of large quantities of
cotton and who can provide for the
movement in ship-load quantities. So
far, the large exporters and bankers
of the South have shown very little
disposition to take advantage of the
act to help out the general cotton
situation. The War Finance Corporation
hopes to lay before the exporters
and bankers a plau that will
encourage them to undertake the
enterprise. If the farmers and others
interested in cotton were organized
into*corporations or associations in
the same way that the California
fruit growers are organized, there
would be no trouble in arranging
these credits. The trouble with the'
Southern farmer is he is not or I
ganized in a financial way. It is,
impossible now, in a short time, to
provide these organizations except j
possibly through some of the large'
banks that are carrying cotton and
which, of course, are interested in
exporting cotton.
A*.ke# as to the general demand
in Europe for cotton, Mr. McLean
stated that the conditions are not at
ali favorable. He stated that con- ]
fidential advices coming from foreign
countries show that while there is
need for cotton in these countries,
they are wholly unable to buy 011 account
of their depreciated currency,
and their general luck of security.
He says in a great many of the countries
in Europe the conditions are
very much like those which existed
here at the close of the civil war, and
that the population of these countries
are spending every available
dollar for food stuffs and therefore
are unable to buy clothing or raw ma-J
terials such as cotton, that enter into j
the manufacture of clothing. It also
appears, he says that large supplies 1
of clothing held by the various war-|
xlng countries at the close of the war;
for the use of their armie3 have been ;
sold at PYtrPinplv low nrlcoa- lint I
people are using this clothing until j
they are able to buy new clothing, {
that it will probably take a year or |
more to exhaust this surplus of old
clothing and clothing material now
on hand. Mr. McLean further stated
that the prospects of higher prices
for cotton are very gloomy, that there
is such a big surplus of cotton on
hand In the world now, that if any
considerable crop is produced this
year the price may go to four or five
cents a pound- The only thing that
could save the situation would be for
the southern farmers to plant no
cotton at all this year. This of course
is impracticable for the reason that
tenants and others living on farms
must have something to do. Mr.
McLean stated that from information
li'j had received it looked as if Sou-'
thern farmers were going to reduce
the acreage very little and they ought
to be warned now tha}. this is a serious
mistake.
Asked as to what he himself had
determined to do with respect to reduction,
Mr. McLean stated that he
h^, arranged for his tenants in
Rcbeson county to plant not more
than eight acres of cotton to the
mule this year and that he had arranged
to furnish them only about
i O 9 4 ? ?Va ?
I f G nuilll ui id till Ail I iu lilt? at I U
f on cotton land as compared with $25
| worth furnished his tenants last year.
^ He 1B using a home mixed fertilizer.
| He states that on large farms which
f he and his brother own iq Bladen
I county they are reducing the cotton
[ acreage two-thirds; that is, they will
plant only about one-third of what
I the planted last year:
In conclusion Mr. McLean stated
[ that if it were not for the matter of
taking care of his tenants by giving
i them something to do he would not
plant an acre of cotton thiB year, as
i he feels that it will coat more to pro
THE DILLON ]
ftuce it under present conditions than
could possibly be obtained for it next
ran.
Mr. McLean is one of the largest
farmers of the county. He has
practically all of his last year's crop
of cotton on hand in storage* warehouses
o
Interesting Food Statistics.
A recent investigation conducted
by B. B- Hare. Agricultural Statistician
of the Bureau of Crop IOstimates,
United States Department of Agriculture,
relative to food requirements
in South Carolina, shows the
following average quantities of food
stuffs consumed nor nerson nor
month: 11 pounds of flour; 7 pounds
of pork (eaten or utilized in cooking
>; 3 pounds of other meat. 4.4
pcunds of sugar (including that,
used in cooking, canning, preserving
fruits, etc.); 16 eggs; 7 gallons of
mill: (including cream and whole
milk.)
It is observed from the report that
32 per cent of the wheat flour consumed
last year was grown within
ihe State, while 63 per cent of the
meat, 82 per cent of the vegetables
ind 86 per cent of milk and butter
lonsutned were produced within its
borders.
It appears that each person within
ihe State consumes an average of
132 pounds of flour annually. Therefore,
if we have a population of 1,600,000
it will require approximately
5,500,000 bushels of wheats to supply
our yearly needs. The total production
for the State in 1020 has
ueon estimated at 1,785.000 busln ls.
jr about 3,600,000 bushels less
ii.iii uui annual requirements.
The average pork requirements
[?er person is shown to lie about 84
pounds annual ly. In other words it
will require 1 hog netting 168 lbs.
:o supply the needs of two persons
?acli year or it will take about 845,>00
of such hogs to meet the Stat'-'s
innual requirements. However,
should the hogs net 250 pounds each
the number could be reduced to
ibout 560,000. It would be of interest
tli know which would be more
economical for the state as a whole,
o raise 560.000 hogs netting 250
ic.unds or 845,000 hogs of 168
pounds each.
Further observations made from
his investigation are to the effect
hat the average distance of all farms
n the State from market is approximately
7 miles, and the average s'ze
oad from farm to market is 1,579
pounds, the average size load from
narket to farm being 1,622 pounds.
The average number of days spent
mnually per farm in hauling produce
'ertilizers, etc, to and from market
s estimated at 27 days, or a little
ess than 9 per cent of all work days,
rhe total number of motor trucks in
lie State used exclusively for farm
purposeg is estimated at 1,833 and
ho number of farm tractors at 2.156.
Mr. Hare states that another incresting
feature of the investigates
as shown by the tabulation of a
arge number of reports of farmers
rem all sections of the State, is that
inly 36 per cent of the amount of
jcmmereial fertilizers used in 1920
will be used 1A 1021. However, a
rery large percentage of the last
rear's crop of cotton seed will not be
sold or exchanged for fertilizers, as
las been the praetice heretofore, but
ivill be put back on the farm from
.vhich they were obtained.
YOUR CHIIjD'S CHANCE.
Edgefield Chronicle.
When your child of six or seven
rears enters school, what are the
diances that he or she will complete
he prescribed grammar school work?
rhe high school? Then college or
university.
The United States Bureau of Eduction
lias been making some interesting
and rather illuminating investigations
on the basis of available
late. The educational institutions of
he country are being steadily im
proved, ana more money is expended
each year in the maintenance of
ill of them, from the primary grade
:o the university. The figures of the
Bureau of Education contain the in'ormation
that of 1,000 children entering
the first grade, approximately?
1,000 will reach the fifth grade;
830 will reach the sixth grade;
710 will reach the seventh grade;
6^4 will reach the eighth grade;
CUJTO/A.
CODSETS
Have Yo\
I\&de E
ioned as light!
pgj |W|W\ Our corsctiere will
HERALD. DILLON, SOUTH CAROL!?
343 will enter the high school;
24 6 will reach the second year;
j 181 will reach the third year;
150 will reach the fourth year;
i 139 will graduate from the high
school.
7 2 will enter various colleges52
will become sophomores;
39 will become juniors;
30 will become seniors;
23 will graduate.
1 The figures are available. They
serve to remind parents that a great
deal depends on how seriously the
child lakes school duties, and how,
well he or she "keeps up" during the
early years of school: It is the boy
or girl whose class standing is good
who developes an ambition to be well
educated, and the reverse of that is
true?those who fall behind and fail
to win promotions find school work
a drudge and take advantage of the
earnest opportunity to drop out altogether.
To be educated is becoming
more and more valuable. The
right sort of education in so far as
schools are really capable of odu-,
eating,' is apt to be the one that is
started right. It is well, therefore,
to bear the Bureau of Education's
figures in mind.
WILL OI K FARMERS KEIHCE
THE COTTON" ACREAGE?
(By \V. W. Long, Director.)
Clemson College, March 4.?Not
since the early 90's have the cotton
farmers been so perplexed and de-,
moralized as th^y are today. At that
time cotton war selling for (j to 8
cents a pound. It was most difficult
to secure credit at anything like a
reasonable rate. The banks in the
State could be counted on your two
hands. A great number of our fanners
of today remember those conditions
and they are reasoning with
themselves about as follows:
"I have made cotton at 8 cents
a pound and made some little money.
1 am going to make this crop on the
basis of 8 and 10 cents a pound for
the reason that 1 am not going to
purchase anything for uiyself or niv
tenants that I can do without. I am
going to practice the most rigid
economy. Cotton is the only crop that
I can grow that will bring in any
money ior myseit or my tenants. It
is absolutely necessary fo r my ten-'
ants to produce a crop that they can
readily sell for cash, otherwise they
will leave me."
I With these thoughts in their minds
and in their state of perplexity with
the little more favorable news that
is now being printed in the press in
reference to higher prices that may
be expected from cotton, i fear that a
great many of our farmers will be
tempted at the last moment -not to
reduce their cotton acreage as much
as they had intended to do some
thirty or sixty days ago. Any one'
traveling in the Piedmont will be
impressed with the fact that a great j
deal of land is being prepared for (
cotton and, owing to weather condi!tions,
the preparation is of a most
excellent character that will have a
decided effect on production. i
I To my mind there is only one
answer to the arguments of some of
our farmers as above set forth and
that argument should be driven
home on every occasion; namely,
that a ten or twelve million bale crop
will most likely sell lor 5 cents a
pound this fall, and that a six
million bale crop under these circumstances
will bring in more money
than a twelve million bale crop
We will have 011 July 1, 1921, a
jsurplug of nine million bales of
cotton. This surplus will in a great
measure have to be consumed by
foreign countries. We must appreciate
the conditions in Europe as
far from being normal- The armies
or Great Britain, France and Bel-.
, gium are invading Germany. Peace
seems to be in the distant future and
until peace is declared and the purchasing
power of the people in
Europe is restored in a measure, cotton
will of necessity not be in demand,
and any Surplus that may
exist will have greater influence on
the market at this time than at a
time when ordinary and normal conditions
prevail. The production of
a six million bale crop holds out
some hope that our agricultural interests
may in the near future be
plaled on a safe and sound basis; a
ten or twelve million bale crop
means a continuation of present conditions.
o
Subscribe to The Herald- $2.50 pr. yr.
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cop/ers 1
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H?Mi f
K 11 HANSFORD, HI
ne 2204 ||| ynHr
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iA, THURSDAY MOIl-MNG, APRIL 7, 1921.
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? Thursday Night
H Dr. Watson B. Duncan an
? ler will speak on "Virtue".
IS Thursday Nigh
1! Col. G. G. McLaurin and J
a "Liberty".
? Thursday Night
fj Dr. Joe Cabell Davis and A,
2 "Patriotism"
*
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V] Junior Order, and every member c
g] brethren are cordially invited to i
these addresses.
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foe P. Lane will speak on j|j
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April 14th. |
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