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INCOMPREHENSIBLE EFFECTS OF WAR. (Continued from'page 2, column 2.) Inflation based on world: Currency, $6 to $1; bonds, $5.50 to $1; deposits, , $3 to $1. We are on the eve of the greatest prosperity 'that has ever come to any country. There will be an enormous ^demand for all jmmoditles. The result of this demand, added to the enormous inflation, will bring prices for commodities undreamt of. This inflation will last until the present generation will have long passed. It is a law of economics which is as unchangeable as the law of gravitation. The increase in circulation decreases the purchasing power of the 'dollar, in like proportion, and in like manner, the- decrease in circulation increases the purchasing power of the dollar. On the basis of this law, the increase in circulation is six to one ($4S,000,000.000 aga'nst $S,000,000,000): ap1 plying this to cotton, which was bringing 13.cents prior to the war today, if there were the same supply and the same demand, it would be six times as much, which would be 7S cents. However, the bonds of the world have increased from ?40,000.000.000 to $220,000,000,000, which increases the bonds from five and a h^lf to one. Deposits have been increased from $25,000,000,000 to $75,000,000,000, which increases deposits three to one. Today the bonds and the deposits have a marked effect upon inflation, greatly increasing some so that inflation is above that shown by the currency. Price Advances Were World Wide. One of the best authorities has stated: "Raw silk, for example, for which the war made no special demand and which was produced on the side of the globe opposite that in which the hostilities were occurring, advanced from $3 per pound in the country of production "n 1913 to $4.50 per pound in 1917, and over $6 per pound in the closing months of . the war. Manila horn alcA rm thp nnnnsifp side of the globe and not a war requirement, advanced in the country of production from $180 per ton in 1913 to $437 per ton in 1918. Mechanically ground wood pulp, not a war requirement, advanced as our publishers are aware, from $14 per ton in the opening months of the war to $33 per ton in the opening months of 1918, and the grade known as "chemical bleached" advanced from $50 per ton at the beginning of the > war to 81 60 per ton in January, 1919. Goat skins, from China, led-'a. Mexico and South America advanced from 25 cents per pound in 1914 to 50 cents per pound in 1918, and yet goat skins were in no sense a special requirement of the war. Pig tin, produced by Chinest labor in the Malayan Peninsula and the Dutch East Indies and not to a very great extent a war requirement, sold in the country of production in 1914 at 30 cents per pound and in the same markets 75 cents per pound in the clpsing weeks of the war. Sisal grass produced in Yucatan advanced from $100 per ton in 1914 at the place of production to nearly $400 per ton in 1918, and Egyptian cotton, a high priced product and thus not used for war purposes, jumped from 14 cents per pound in Egypt in 1914 to 35 cents per pound in 1918. Even the product of the diamond mines of South Africa advanced from 60x to 100 per cent in price per karat when compared with nrices existing in the opening months of the war. The prices which have been quoted are in all cases those in the markets of the country in which the articles were produced and in most cases at points on the globe far distant from that in which the war was being waged. They are the product of countries having a plentiful supply of cheap labor and upon which there was no demand for men for service in the war. The advance in the prices quoted is in no sense diu to the high cost of ocean transportation since they are the prices demanded and obtained in the market: of the country of production/' ? The following table gives a wid< list of representative commoditiei and the percentage of their advance over the 1913 level as reported b: Bradstreet: Com- Advance P. C modity. Over 1913. Wheat 141 'Corn 125 Hogs 152 Beef cattle 106 Wool 243 Brick 116 Leather 108 Hemp 162 ViKI 1 1 Q r ui a, uui?. ---- - - v Beef, bbl 121 One of the leading students on thi question states: "After the signing of the peac treaty, when the world turns its at tention to commerce, and every gov ernment in the world is planning t use every means possible to induce th people to become as intensely busy a possible, for the purpose of furnish ing them with means for earning SENDS SHIP'S RECOIll). ' Lieut. C. F. Martin, I'. S. X., BlackviUe, Edits Booklet.^ ., i Blackville, June 27.?Mr. and Mrs. C. J. Martin have received a booklet ' from their son. C. F. Martin, lieutenant, U. S. X., U. S. S. Wyoming, describing and illustrating what the Wyoming did from the time she left Lynnhaven Roads, under sealed orders on November 2k, 1917. in company with her sister ships to become the sixth battle squadron of the Grand Fleet. The idea of the booklet was to have a certain record of the 12 months in the war zone. The ship's j booklet is the first one of its kind 1 ever put out. Lieut. Martin was ap| pointed by special request as editor I in chief and with his able staff of I I ! | editors worked out a creditable and valuable ship's book. Lieut. Martin has been recommend-! ed by Admiral Wiley for the navy cross for skillful performance of duty, j ability, devotion to duty and marked I coolness under fire. His friends will be pleased to learn of this honor which has come to Lieut. Martin. He attended the Blackville Graded school. College of Charleston and United States Naval Academy. livelihood, stopping their unrest, for furnishing them with revenue to pay the government's taxes, which will furnish the government with resources for; paying their enormous war debts, it is then that tlie price of commodities will commence to soar. It will be impossible for America not to become intensely wealthy. One of the great dangers will be excess wealth. Many commodities are be-1 low a fair price based on inflation and | demand. Cotton will in all probabili fi el-inn- a crraator rico in nrirp n<; n I result of inflation and actual demand in excess of supply, than almost any other commodity. Never again will you see cheap labor. Never again will the present generation see cheap commodities. This is the time to buy, build .and boost. As a result of an investigation by experts on European condiV tions it is found that the European demand for cotton will be so great that provided financial arrangements and transportation facilities can be arranged, Europe will use every bale of cotton now in America, plus every bale that will be made from the crop of 1919. Europe today is paying from 42 cents to 45 cents per pound, basis middling, for cotton, and in a recent statement from the mills it is shown that the earnings of the mills of Europe for the first five months of 1919 exceed the fabulous earnings of any similar period during the war. Reports ar^ now making all detailed arrangements in Europe for financial credits for the purchase of cotton as well as other commodities. Cotton failed to bring anything like a fair value during the war. One of the leading officials of the National Spinners' Association in a public address stated that the manufacturers could have paid 30 cents per pound, basis middling, for every pound of cotton since 1914 and still made a j fair profit. A leading official of the :Manufacturers' Association, one of the most reliable and high toned gentlemen in America, stated that the mills the country, requesting that they | could have paid 75 ecnts p6r pound, |basis middling, for cotton during the early fall of 191S. Inquiries sent recently to a number of the leading manufacturers in various sections of the country, r equesting that they state at what price cotton could be jused. basis middling, and still show a | fair profit, resulted in replies showing ' | that mills can use cotton at a figure jas high as 65 cents per pound, based ' on the present price offered for the j manufactured product, and still make 1 a fair profit. ' J The stock for the American Cotton '.Export Finance Corporation is now 'jbeing rapidly placed: the officials of '.the corporation have been elected, it "jbeing headed by one of the leading 5imen of the South. W. P. G. Harding ] of the federal reserve board. This - j corporation will be in active opera5;tion long before the new crop comes - -j in. Demand for manufactured goods 7 i as well as for raw cotton will go un satisfied, regardless of price. Before this time next year the present supply of cotton plus cotton from the growing crop will have been exhausted. We are facing the smallest cotton crop produced in a decade, and with the greatest demand ever recorded. With the organization of the American Cotton Association, and with the improved methods which have been put into operation for the handling of cotton, including representation in s all cotton purchasing countries of the I world, the cotton producer of the e I South is in an entirely different nosijtion. His cotton will he handled on a -j strictly business basis, and if he holds 0 his cotton, he will receive the highest e price ever paid for cotton since it was s first introduced in America: certainly t-1 the highest price since the War Bea jtween the States. KELLOGG'S RICE FLAKE BISCUIT AN IDEAL BREAKFAST FOOD I Kellogg's Rice Flakes Kellogg's Beans I | I PHONE 15 TOM DUCKER BAMBERG, S. C. UUZ# JlWIi DOX'T SWELTER OX "THE r FOURTH." COME IX XOW. AXD SUPPLY YOURSELF WITH COOL OUTIXG TOGS AXD THIXGS. WE HAVE COOL THIXGS FOR WARM DAYS, FOR BOTH MEX, WOMEX AXD CHILDREX, AXD WE SELL THEM AT SUCH FAIR AXD i A CUSTOMER FOR ALL TIME x SQUARE PRICES THAT WE MAKE WHEX WE MAKE OUR VERY FIRST SALE. WE WAXT TO SEE "YOU" IX OUR STORE. H. C. Folk Co. BAMBERG, S. C. i ^78 Horses and Mules We have a full stock on hand of Horses and Mules. Our stock is selected personally bv a member of our firm, and each animal sold lia^ tl:? Jones Bros.' guarantee?and you know what, that means. When you need a horse or mule, don't*fail to come to our stable. We will take pleasure in showing you. Our stock is always in good condition?they I are bought sound and sold sound. BUGGIES, WAGONS, HARNESS, WHIPS, ETC. We have a splendid line of Buggies, Wagons, Harness, Lap Robes, Whips, Etc. We have a number of styles in Buggies and Harness, and we can suit you. We handle only the best vehicles to be had, and our prices are always right. Come to see us; you are always welcome. Jones Bros. RAILROAD AVENUE BAMBERG, S. C. ' HORSE RACING, JULY 4,1919, ORANGEBURG, S. C. Twenty-five of the best horses in the State will race at Orangeburg Fair Grounds July Fourth at 3 p. m. Trotting, pacing and free-for-all. Open to any horse of the State. Purse of $150 for each race. Money divided three ways. Track in Excellent Condition Orangeburg will show all visitors a royal good time and urgently, request them to be present and witness some extra fine feats of thp horse flesh. For particulars write \V. R. SYMMES, Secretary, St. Matthews, S. C. Entries close 12 m., July 3, 1919. Tri-County Racing Association A A A A A A A A A A A A A A A A A A A A A A A A A A X Wanted, A Farm Y y ' * From one hundred to 1,00acres in Bamberg county.. Please 4^> state number acres cleared, public roads running through place ^ and all about the buildings, quality of soil, etc. Want to buy now ^ 4 and take possession after crops have been gathered. Name the ^ Y best price. Y Y Y Y Box 226* Norway, S. C. Y Y Y ly ^ <+> "^7 :! Your Battery I A ! A A A May need charging or maybe the generator is not t A keeping up the battery. Your battery, like tires, jf , A maybe worn out and you need a new one. I can fix ? A ^ie generator, recharge the battery, or if you need A A a new battery, I have it. Prompt service, right A prices. Columbia storage battery to fit any car. ^ | WILLIAM H. PATRICK GARAGE | WE ARE HERE TO SERVE THE PUBLIC " And Invite Yon to Become One of Oar Regular Customers Why not make this bank your bank? Make use of our Bank Account Plan; take advantage of our facilities and equipment for the bet ter protection Oi your income aiiu creating a reserve fund for future \ use. , I Enterprise Bank BAMBERO, S. C. H. M. GRAHAM, DR. ROBT. BLACK, W. D. COLEMAN, President Vice President Cashier ??===?55?S==================-===^=^===== V 1*3 The Greatest Name in Goody-Land ||*|jf II You know the 1M I realm of child- |] ?j| - , . flood dreams |i || / ^ 3 'and 1 Make some ?* ? *hose dreams 1 j a delightful B ' , ifev reality by |< taking home j; IrtL wrigleys 1 frequenttv' 8 <* &How I ili^ir ,onteM? 1