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- / ^ V 2 k5&? vtt'Tx L . .. . ' " rc f - : . £5® . „ fk A '0: -•Cl W 1 - ' V PAGE SIX THE CLINTON CHRONICLE, CLINTON, S, C. “v ; _■ - ■ a‘7 r ^ -'i w. ' ■ V •4KiA.>' : (El|rmttrk PUBUSHED EVERY THURSDAY BY THE CHRONICLE PUBUSHING CO. WILSON W. HARRIS Editor and Publisher Entered at the Clinton Port Office as matter of Second Class. . Terms of Subscription: One year .... .... .... .... r months .... .... .... .... .... .... .... .75 Three months .60 Payable in advance $•/ The Chronicle seeks the cooperation •f its subscribers and readers — the publisher will at all times appreciate wise suggestions and kindly advice. Make all remittances to THE CHRONICLE PUBLISHING CO Clinton, S. C. CLINTON, S. C^ JANUARY 13, 1927 .the fact that thepe is compara tively little chance of further im portant shrinkages in valuqp. Cot ton is really bringing less than eight cents per pound; basis mid dling uplands, when the current S urcnasing power of the grower's ollar as related to the pre-war period is considered. It is also selling very close to, if not actu ally below, the cost of production. It is axiomatic that no commodity long remains in that unenviable economic position. “Moreover, if there are units or groups in the cotton textile indus try who doubt that prices will long remain reasonably close to current low levels, they have the opportunity of securing their re quirements for several years in advance, thus insuring themselves against higher prices and guaran teeing absolute stabilisation in the cost of their raw material. Some of the big merchant firms, through acceptance of orders in- vo’ ■■ in .j deliveries in 1927-28-29- 30, are making this course possi ble. It is known that a goodly . number of domestic and foreign sp rners have availed themselves 10 PAGES THE LOVE OF MONEY A text in the Bible that is misquot ed more often perhaps is that relating to money. Many people quote it, “Money is the root of all evil." The Bible doesn’t say anything of the kind. The text reads, "The love of money is the root of all eviL”. It is not the amount of money that a man has that counts against him. How he gets his money, and what he is doing with it, are the main consid erations. • - The love of money is the curse. A man may go wrong for a d°ll* r * s quickly as for a thousand or' a million dollars. Some of the stingiest, meanest men we ever knew never had more than fifty dollars at one time in their whole lives. THE PRICE OF COTTON When may the price of cotton be reasonably expdcted to go up again to a level affording a living profit to the producer? This is the paramount question before the agricultural inter ests of the country today, and partic ularly in the South. The question is a vital one for the growers of cotton in this section. They want, or at least should want, all the light they can get on the subject, and should welcome, therefore, the views of the spinners. A full discussion of the cotton prob lem was published last week by the Boston Transcript in its year-end sur vey of the cotton situation. ar ticle has been re-printed in several papers, and The Chronicle is repro ducing it below in the hope that it will be read by every farmer in whose hands this paper falls. In the opinion of The Transcript, the cotton manufacturers are experi encing a time of great opportunity but also one of real test. It.further urges that a market be created for the output of every bale grown. Un less this is done, in the opinion of Mr. Fooshe, the author of the article, a ..return to the lean years of the past decade will be seen. Mr. Fooshe writes: “Between the more favorable outlook with respect to weevil, more intensive cultivation, more intelligent use of fertilizers, more careful seed selection, and the rapid spread of the campaign, or iginating in Texas, for “more cot- oi this privilege, ough the Through the unliklihood *of r.-steriaL decline, the improbabil ity of upsetting advance and the opportunity of guaranteeing raw material costs tor several years through forward delivery pur chases, users of American cotton are in position to map out un precedentedly broad and compre hensive production programs and to devote their energies to the ex pansion of established outlets and to the creation of new ones for their products. Not only is it natural that spinners, in their own interest, should take this course, but they owe this much to the millions of cotton growers in the South and in other parts of the world. There is such depen dence between these two groups that the former have no right to ask the latter for full supplies of raw material without doing ev erything in their power to create outlets therefor at prices reason ably attractive to producers. Pros perity in a great industry at the expense of the men, women and children who produce the mate- rail on which that industry is de pendent can be neither a whole some nor an enduring condition. “Growers have, unwittingly per haps, given cotton textile inter ests a greater supply of raw cot ton than the latter ever dared hope to see and have thus pre sented them with an opportunity for successful operation without precedent. But producers, in their inability to participate in the cre ation of new outlets for cotton products, ajre wholly dependent upon spinners, the only media through which cotton passes into consumption. The growers may withhold cotton from the market or resort to other temporary expedients but cotton is not ef fectively disposed of until it is sold in the form .of goods or yarns. Thus the textile industry, which determines how much cot ton is usable in a given year, is the final arbiter ox what should be produced.” From the other side of the water comes the view of the Manchester Guardian, warning the Lancashire spinners not to count on cheap cotton for any long period. The Guardian, a consideration of a second article sity is. situated within its limits and that its president and faculty neces sarily are Columbians. Columbia has much to hope from the presence and the activities of the executive head of South Carolina’s leading institution of higher learning. Doctor Douglas’ modest and re strained expressions upon taking of fice last Wednesday are another reve lation that the trustees have wisely accomplished their delicate and grave task in choosing a president. He begins with no announcement of an elaborate program. He will study IK working of the institution, ac quaint himself with its traditions and help carry forward the ideals that have distinguished it since 1805. He purposes to develop, so far as he can, the plans of his illustrious and lament ed predecessor, Doctor Melton. The record that Doctor Douglas has made is the guaranty of his worth. As the president of Presbyterian col lege in Clinton his leadership brought a small institution into the ranks ^>f the best in scholarship in South Car olina. In his administration its equip ment and capacity for educational achievement were immensely expand ed. Rich in experience, and in the full vigor of manhood life, he takes up the enterprise with which the advance ment of the whole of South Carolina •is linked. In Clinton he was not merely a pres ident. He was an eager and active sharer in the town’s program and a popular and striving citizen in the public life of Laurens county. In the same way, he will be a worker in the larger city of Columbia and a force in the movement of Richland county. South Carolina is to be congratulat ed that Doctor Douglas is the presi dent of the University. We welcome him as a Columbian.—The State. Delegation Met With Highway Commission • Members of the county highway commission and the county delegation to the general assembly held a joint session Tuesday afternoon, to discuss the situation confronting the high way commission while it awaits the decision of the state supreme court on the validity of the $500,000 bond issue voted in the August primary. The commission has been holding a part of its forces together with funds provided by the delegating from month to month, while the bond issue has been before the courts. Upon the report of the clerk to the commission Tuesday that sufficient funds remain ed on hand to keep the forces busy for several weeks, no additional pro visions were made by the delegation, but it was agreed that another meet ing would be held on January 17 to consider the situation as it may exist at that time. It is thought that a decision is like ly to handed down by the supreme court by that date. _ . . Danziger’s Sale Begins Friday ; En Passant ♦ ♦ W. W. H. ♦ Danziger’s Department store fires the opening gun of its January Clear ance Sale on Friday morning and the big noise will continnue through Jan uary 31. The sale, coming at the be ginning of the new year, is to be a high-powered, sensational event, of fering the public showers of bargains and super-savings. “Never Under sold” is the bed-rock upon which this store operates, and the public has found this'out and knows ^vhat to ex pect when Danziger and his “adv man” put their heads together. The. an nouncement of the coming event will be found in an attractive page adver tisement in today's paper. fi ■M YES, MADAM, NOTHING BUT THE BEST! We’ve been in the Grocery business too * long to offer anything but Quality Food stuffs. ' The hundreds of satisfied customers who trade here, recognize and appreciate this established policy. ^ LITTLE 8 50—Two Phones—54 DENSON ■ t tJF B . ■- •> ‘-n-C■ • -»v ■A ; * ' Oh! horrors, the legislature is again in session. l'GIFTS THAT EAST' A man recently stole a Bible. Well, if he wanted to read it, that wasn’t so bad. ALL PRESCRIPTIONS FILLED BY LICENSED PHARMACISTS CALLED FOR AND DEUVERED PROMPTLY SADLER-OWENS PHARMACY “At Union Station” Phones 377 and 400 Phones 377 and 400 You have noticed this, also, the po litical pot must have hot air to make it boil. h B. FRONTIS JEWELER CLINTON. S. C H. D. HENRY F. M. BOLAND You will miss it, most likely, if you try to judge a husband by his wife. DBS. SMITH & SMITH OPTOMETRISTS H. D. Henry & Company We have a suspicion that the boot leggers are not paying their share of the income tax. MODERN SERVICE We are heartily in favor of educa tion for lawyers. AppmAntly some of them do not know right from wrong. SPECIALISTS Bysa Examined >: Glasses Fitted 15 West Main Street Fhcne 101 CLINTON. S. C. Laboratory for Prompt Repair Service INSURANCE STOCKS - BONDS - REAL ESTATE - LOANS NEGOTIATED This is a funny world. Half the people object to supporting the gov ernment, and the other half wants the goverrynent to support them. wM-:, Some men think that inducing the m ton on fewer acres,” the South promises to be such a dependable source of raw cotton supply that it will, in all liklihood, take s< some thing quite of out the ordinary— nl 4* “ T-&- i m. H [ certainly more than any previous reduction in acrage—to- boost prices to a point where the textile industry will suffer from inordi nate costs. “Moreover this prospect of only moderate price recovery is render ed all the more encouraging by the huge surplus over consump tive •requirements for the current season. If the South shook! < nearly double any previous cut in area, bringing this to 25 per cent, and if the yield per-acre should be no larger than in 1926-27, it would still be possible to raise a crop of approximately 14,000,000 bales? And this would, after the most liberal allowance for con sumption this season.,leave in the neighborhood of 24,000,000 bales available for 1927-28. The fore going is strikingly illustrated in the following table: '' Bales Carry-over July 31, 1926 (Hester) . 5,362,000 Lint production '26-’27 18,618,000 Linter pr’d'ct’n IM-'Zl 1,250,000 Total available supply 25,230,000 Consumption (Lint and liuters) 1926-27 ... 16,250,000 r * Ft*:'*' Carry-over July 31, *27 8,980,000 lint production, 14,000.000 linter pr'd’ct’n, 'XI-860,000 Available for 1927-28 28,830,000 While the foregoing represents mere approximation of consump tion for the current season and production for 1927-28, it certain that spinners, np the favc in the present situation, fely give pre-eminent place nlity of a disturb- > in raw cotton. There by J. M. Keynes on the cotton prob lem, says: "Mr. Keynes agrees that abnor mally cheap cotton may bring about a temporary revival, but says that in the end this will probably increase the difficulties, fhat is a point which does not ap pear to have struck previous in vestigators, but if they are forced to realize that it ^s true they will see how important immediate action is. "Let us look a little more close ly into this vital matter. Cotton will only be cheap as long as America is unuabfe to make it otherwise, and she will do every thing she can to get back to high er values quickly. The intention of the Government and the banks is that the area under cotton shall be reduced next year by about one-third. That would bring the crop down to, say 12,000,000 bales, bn the assumption that weather and weevil condition will be no worse than they have been this year. But the assumption goes too far, and if the conditions are not good the crop may fall to 8,000,000 or 10,000,000 bales. In that event even the carry-over from the present crop would not make the available supply more than equal to the world’s needs, and another small crop in 1928 would mean a scarcity which would be reflected in high prices. And if the manufacturing trade cannot make ends meet now it would not be able to do so then under the same conditions. "Do we lav too much emphasis on the possibility of two succes sive small crops? For answer, ask the growers who have pro-. duced an enormous amount of cot ton this year, and are selling it at unremunerative prices. Is it to be surprised that they will go on doing this, turning deaf ears to those who advoefte a drastic reduction in their output? As regards the weather and the wee vil, it will be admitted that they are incalculable. A long series of good years, however, is unheard of in the American cotton belt, and no prudent person would plan his work on the assumption that they are more probable in the fu ture than they have been in the past.” banker to renew a loan is a good day’s work. If you don’t think you are better than your neighbors you have an feriority complex. Fine Living Room Furniture in- A man will overlook dirty windows, so long as his wife keeps the wind shield polished. Specially Priced Citizens who desire to choose laws which they will obey have an ample supply to select from. And, with the legislature now in session, others may be expected to be added. FURNITURE THAT WILL ADD BEAUTY AND COMFORT TO ANY HOME-NEW STYLES—LOVE LY UPHOLSTERINGS. Bread is not allowed to be sold in | Germany until it is 24 hours old, but the American bootleggers are hamper ed by no such restriction. When a lady lecturer declared'that the time would come wherC Women would get men’s wages, a meek little fellow murmured: "Yeah; next Sat urday night.” If you are not making any money in your business, this one may encour age you—the Sesqui-centennial paid out one and one-half times as much as it took in. —- In the game of auto vs locomotive during 1926, the former completed few forward passes for the season. Our faith in the courts is somewhat shaken by a Chicago decision that sax ophones are musical instruments. supply speculation : such tft- Three trien pretending to be plumb ers robbed a store at Lancaster, Pa. One man pretending to be a plumber is usually sufficient for an ordinary job. - : FOR 'IN COLUMBIA TO WORK SOUTH CAROUNA To join the citizenship of Columbia and be a part of it comes Dr. Davi son M. Douglas, who has entered upon his duties aa president of the Univer sity of South Carolina. The Univer sity belongs to the people of the state, to then the services of the preei- are dadlratad, but it ia Cotan- happy fortune that the Unive*r According to replies received by a London weekly, "Lead Kindly light” is the favorite hymn in English churches. In this country, lots of folks do not know that this beautiful hymn exists. 14 RADIATOR ALCOHOL $1.00 per gallon Save Your Radiator ■ • / Ui , ‘ ‘ 877 4k 4101 V • W-> l 1 1 : « 1 ; •»» ^ - Sink into the cushioned depths of these chairs, lounge on the down-like cushions of this graceful davenport—then you will realize the extra values we offer in real qual ity furniture. Here beauty of design is combined with richness of fabric—yet, the prices are surprisingly low., / AN INVITATION is extended to you. To see our display of over-stuffed, cane-back and fiber suites .m* Here you can purchase your upholstered furniture knowing that it not only “looks good” but that “the unseen” features are the very best—this means that if you purchase here that you will not only have “a beautiful suite” of the “latest de sign” but you will also have years and years of satisfactory service. COME NOW AND MAKE YOUR SELECTION «* J’ ’ \ ± . 4 - ' * * * *■ . ' \ . UR HOME SHOULD COME FIRST M. & L H. ■■■ -Two Stores- ^COMPANY —^LAURENS , .■ M - j- - - ' ; '' ‘Wit* •V /■-- — — * i-. -A / 7; V 5 *