The Clinton chronicle. (Clinton, S.C.) 1901-current, January 13, 1927, Image 6
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PAGE SIX
THE CLINTON CHRONICLE, CLINTON, S, C.
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PUBUSHED EVERY THURSDAY
BY
THE CHRONICLE PUBUSHING CO.
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Editor and Publisher
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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
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YES, MADAM, NOTHING BUT
THE BEST!
We’ve been in the Grocery business too
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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
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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
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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
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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
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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
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UR HOME SHOULD COME FIRST
M. & L H.
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-Two Stores-
^COMPANY
—^LAURENS ,
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