The Clinton chronicle. (Clinton, S.C.) 1901-current, January 13, 1927, Image 8
CLINTON. 8. C I-
UNDERTAKERS A LICENSED
KMBALMERS
Al C«Hs Promptly Atiepdod To
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ALL MOTOR EQUIPMENT
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oal!
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AND
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Clinton, S. C.
tHK CLINTON CHOONICLK, CUWTON. g. C.
When a Fellow Has a Friend
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Good Health Requires Qood Elrminmtiom
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For ysama prominent mail of Town
send, Va., sirffered the most torturing
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down at night he could nottileepfor the
aching in joints and muscles. Than he
began using Sloan's Liniment and it
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“I want to say that Sloan’s is the
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Sloan’s gives real help because it
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Sloan’s
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k ills * P \ I IN’
Fins 1ST DEMAND THAT
THEIR INTERESTS BE PROTECTED
• AT
CONGRESS AT LAST HAS BEFORE IT A GENUINE
FARMERS’ BILL, CARRYING BONA FIDE GUAR
ANTEE OF LOW-PRICE FERTILIZER.
Sponsored by Farm Leaden — “Writ® Tour Senators and
Representatives ” Is Suggestion—No Longer Any
Excuse For Delaying Proper Action.
The tarmsrs ef America most rise
sad demand that Congress
Muscle Shoals on terms that will
isfsguard their right to low pries ter
Jllaer. Unless they do. there is grave
that this great project on the
River In Alabama, which
ilroadj has cost approximately |150.
H)0.000 of the taxpayers’ money, will
be sold out for a song to the power
and fertiliser trusts.
This warning is sounded by John W.
Newman of Versailles. Ky., one of the
; Incorporators of the proposed Farmers
Federated Fertilizer Corporation, an
organisation, headed by farm leaders,
that has just submitted a “farmers'
proposal*’ for the leasing of Muscle
Shoals.
The outstanding feature of this new.
bid is a guarantee that fertiliser will
be manufactured and sold at absolute
jeoet of production.
Mr. Newman points out that al*
I though Congress for more than four
years has refused to approve the
power trusfs bid. a final showdown is
likely to come at the present session
; of Congress and the farmers of the
country sh-iuld be on their guard to
to it that the attempted ''grab”
of Muscle Shoals is agAi defeated.
“The strongest sort of poll teal pres
sure is being brought to bear," he
leclarea. “to slip over the power com-
| panics' outrageous leasing proposal,
land shut the farmers out of tholr
right to get cheaper fertiliser, as was
promised them when their tax dollars
were dumped into Muscle Shoals. The
< farmers canuot afford to relax- fig
I iUace; in fact It is necessary that
I they Jet Congress know at onco tfiat
i they will not stand for any disposition
lot this project that does not provide
1 in a genuine way for fertilizer produc
tion. •
"If every farmer who wants to fogee
down the price of fertilizer would
wfite to his Senators and Congress
men demanding his rights In the
Mnsde Shoals matter, the problem
would be solved before Congress ad
journs In March, and fertilizer prices
would tumble. Congress at last has
before it a proposal fully protecting
the farmers’ rights, and there is no
longer any excuse for delaying prppor
action If the farmers will simply form
the issue.’’ ~ . .v ' '
Mr. Newman Is,a Kentucky fanner
and was formerly commissioner of
agriculture of his Stato. He has been
prominent in farm movements for
yean. Associated with him In the
'f'Farmers corporation offer to.Congress
P. Sandies, of Ottawa. Ohio, and
aster, v of Hutchinson. Kansas,
likewlas, a formsr agricultural
or of hit Slato.
knee met ••bmUted the dr*'.
nkie farmers’hfU on^ *
-the only one that carries a bona fide
guarantee of fertilizer production,
leretotore, lack of adequate financing
bas been the chief stumbling block in
the way of farmers’ bill. This dif
Acuity has now been overcome, and a
reputable New York engineering firm
has agreed Ao finance operation of
Muscle Shoals for the production of
low-price lertlllser. provided the com
pany be allowed to take a fair profit
ont of the sale of by-products and
exoess electrical power. The financiers
of the proposition do not'profess to be
philanthropists, but they have satisfied
themselves that they can make fer
tiliaer and sell it to the. farmers at
cost and at the same time obtain an
8 per cent return on their Investment.
They could not. however, take more
than an t per cent profit, lender the
bill, if their earnings afmny time
should mount above that figure one-
half of the additional income above
8 per cent would be turned into the
fertilizer fund and a proportionate
redaction made in the price of fei
tiliaer.
Sponsors of the Farmers corpora
tlon say that If their offer is accept^
by Congress It will mean a redaction
of millions of dollars in the annual
fertiliser bill of the American farmer,
and thus will strike a decisive Mow
at one ef the main causes of existing
agricultural depressioa* At the same
time, the great plants on the Tennessee
Rhe^ la Alabama would be opOratad
upon sack a basis that they could,
overnight, he converted to the manu
facture of nitrates wnd other ammanl-
tion bases In time of war. Thus, both
the peace-time and war time purpe***
of Muscle Shoals would be safeguarded
The project was established by the
Government with two primary objec
tivea—low-price fertiliser for the farm
era in time of peace, and munitions for
the Government In time of war.
Neither of tho other two teasing bills
before Congress carries anything like
satisfactory and genuine fertiliser
guarantee; but. ow the contrary, each
ee hedges this phase of plant opera
tion with provisos and ambiguous
clauses that It ts extremely doubtful
If any fertilizer at all would be pro-
dueed. or, that If U were produced, the
price woulC net he just as high as
that ashed la the oommercial fertiliser
market.
In any event, the power and ejaaa
mid cnrperatlens seeking control ef
•heels would, under their pre-
obtain i profit of I per seat
on nay fertiliser they manufactured.
tad with the corporations themselves . staoero
dectdlag nhat ^e “cost" aatoaated la.
Under the Farmers corporation bid
the maaaCactere and sale ef fertiftaor
U coat Is aft ealy guaranteed
€
A
2V.
farmers board in no. way connectew
with the corporttion. This board
would be composed of the Secretary of
Agriculture, as chairman, and repre
sentatives of the leading.’national farm
organizations.
A comparison of the three proposals
will prove to any one that beyond
question of « doubt the Farmers Fed
erated Fertilizer Corporation offer is
the only one providing any genuine
prospect of relief to the farmers from
present exorbitant fertiliser prices.
The Farmers corporation sstlmatoa It
can cut f20 a ton from the commercial
price of fertiliser. Individual fartnors
could ordor the ingredients in conoen-
trated form, if they desired, have them
laid down at the front door by parcel
poet, and do their own mixing.
From the Government’s standpoint,
also, the Farmers corporation offer Is
far superior to othsrs in practically
every Important particular, (f the
lease is mads on ths basis of sxlstlng
water facilities, the Farmers proposal
would pay the Government a total
of $156,546,498 for tho ilfty-yoar pe
riod. as compared with $88,80^,000
under the bid of tho associated powor
companies. If headwater storage Is
provided, the Farmers corporation
agrees to pay the Government $214.-
»!)7.6IS as oompared with $131X00,000
offered by the power companies. For
the completed project, the Farmers
bill offers the Government $221,226,000
Income, as against 6148,728,000 under
the power bid. and $135,188,341 under
the Cyanamtd bid. Ths Cyanamid cor
poratton did not make a bid based on
anything but the completed project.
The rate of interest offered the Gov
ernment by the Farmers corporation
Ja 6.771 per cent as compared with
4.432 p?r cent by the power companies
and 2.828 by the Cyanamid corpora
tion. s
* Right in line with this wide ad
vantage offered the Government on
merest rates, U ths provision in the
Farmers bill that If the Farmers Fed
crated'Fertilizer Corporation refuses
or falls to make good on its* contract
the entire plant is to revert, bag and
baggage, to the Government, with ths
corporation stapding the loss of its
entire Investment. The other bidders
demand that in case they fall .down
on their contract ahd ths Government
takes over ths plants, the Government
must reimburse them for the entire
amount of their Investment, Not only
that, but the other bidders demand
bond see as they go along for carry
ing out tbsir contractual duties. These
bonuses take tbe torm of a gradual
reduction la ths price the bidders
must pay for electrical power, and
thus would amount in ths end to sn
Increase in the price of fertilizer and
a penalty on the farmers, white at
the same time constituting an ease
ment in favor of sellers and users of
electric power. These and other dif
feroneee show plainly that the Farm
ere Federated Fertiliser Corporation
proposal la the only one submitted in
the tateroets of the farmers.
The farmers, staggering under ths
necessity of raising larger and better
crops without any Increase in the cost
of operating their farms, at last have
a weapon with which they can fight in
iheir hattie to secure t£e rights at
Muacle Shoals to whieb thsy are on
tilted. Tho Government established
tho plant for tho making of cheap for
tiilstr, and now for tbe first time n
roporal for bringing this
shout Md bast prsasnted. Tbs him
of Amorisa should sot to It tbs'
delays no furthor, but to>
tho proper notion at tho praoont *
m
m
MORE MILLIONS
for your service
T HE continued growth of South Carol I ns will require an esti
mated expenditure ef more than on# and a quarter million
dollars during 1927 for additions, extensions and replacements
to tho •all Telephone System throughout the State.
This is one of ths largest tslsphone construction programs
ever undertaken in South Carolina during one year, and foliows
a gross expenditure of more than $1,000,000 last year.
. * - *k >* !%*
It it now estimated that more<4han 2,000 new telephones
will be added te the Bell System In,South Carolina this. year.
These large additions are a part ef our policy of building in
advance te keep pace with the anticipated growth and progress
ef the State. s
The expansien ef the service makes it more valuabie to
every user and provides ths entire State with an unequalled,
modern system of quick communication.
MORGAN B. SPEIR, Carolinas Manager
‘‘Bell System”
SOUTHERN BELL TELEPHONE
AND TELEGRAPH COMPANY
One Polity, One System, Unirenml Service
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Clinton, S.C
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