The Bamberg herald. (Bamberg, S.C.) 1891-1972, October 07, 1920, Image 1
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| Styr Hamburg irralb
$2.00 Per Year in Advance BAMBERG, S. C,, THURSDAY, OCTOBER 7, 1920. EstaMisked is ltfl
RESERVE BANKS
(BACK FARMERS
J. F. BYRNES PUBLISHES CORRESPONDENCE
WITH HOUSTON.
No Cause For Panic.
Secretary Referred to Treasury I#epartment
Not Banks?In A?cord
Writh Harang.
J Aiken, October i.?Congressman
James F. Byrnes, of Aiken, today 1
made public telegraphic correspondence
with Secretary of the Treasury
b Houston, which shews that the secreI
tary in his statement of last Monday '
W referred only 10 me atticuu-j ui mci
' treasury department and had no reference
to the policy ot the federaj reserve
bank system in discussing the
paper of member banks. The secre- !
tary advises Mr. "3yrjies that he *s .n ;
accord with Governor Harding's defi- .
} nition of "orderly marketing" as
f meaning the marketing of the cotton :
crop gradually. The telegram of Mr.
f Byrnes to Secretary Houston on Sen- ;
tember 26 reads as follows: [
"All trade reports' indicate your :
statement construed as indention of (
federal reserve bank not to discount
notes secured by cotton. Satisfied ibis
not your policy. Statements r<f Gov- (J
ernor Harding in his Cleveland speech j
[defining orderly marketing was reas- ]
suring to entire trade. If you are in
accord can you not issue statement as I
to what you meant by 'orderely mar*
keting'? Any course other than that ]
" outlined by Governor Harding would
result in speculation by mills and buy- ,
ers.at expense of producers."
RePly of Houston. ]
Secretary Houston's reply of the :
29th states: |j
"My statement is, "I am in favor of 1
every legitimate effort to promote the I
orderly marketing of all commodi- ties,
hut the government can not be a L
party to an undertaking to hold commodities
off the market to enable the 1
| owners artificially for speculative pur- J
poses to maintain war prices or higher 7
. than war prices/' ]
m "In speaking of the government, of 1
I course, I was speaking particularly of *
the treasury. I was not speaking of I
*
the banks. They are not the govern-1
ment. My statement was induced by a
request of people that the treasury
either deposit money in crop moving
sections or that it revive the war
f finance corporation activities. Either!
of these things would necessitate the
treasury borrowing more money at ,
r the high rates at which it is now borrowing
to meet current obligations. ,
It has no money to deposit except for
government purposes. The war finance
corporation would only assist in I.
financing exports. This power was ;
given at a time "when it was feared
that exports would no? go forward.
Exports have increased steadily to
enormous proportions and are now
running at the rate of over $8,000,000
for the year.
Could Not Borrow.
"Obviously the treasury would not
be warranted in borrowing money to
I further stimulate exports or to deposit
for lending purposes. The treasur^should
not be in the banking busi- L
*' *?A ?Vr>rtiTT !
ness. it may interest yuu tu ruu?
that six times as much is being redis- <
counted in certain reserve banks for .
crop moving sections as has ever been
deposited in such sections by the j
treasury. There is no conflict be- j
I tween my statement and Governor ;
* Harding's. He was speaking for the
reserve system. I have assured that
I am in favor of the orderly marketI
ing of all commodities. Governor 1
I Harding asserts the same. The banks
are lending more money today to
agriculture and industry than has
ever before been lent. I have repeatedly
expressed myself in favor
> of orderly marketing and of the proi.
motion of cooperative marketing
among farmers. I do not see how I
I can add anything to the statement.
iMy insistence on the desirability of
orderly marketing is pointed to my
statement as to the unwisdom of enterprises
to hold commodities off the
market artificially for speculative
purposes to maintain war prices or
higher than war prices. I assume that
r the great mass of the people of this
country would recognize not only the
unwisdom hut the illegality of such
an undertaking."
Xo Danger of Panic.
In publishing this correspondence
Mr. Byrnes state# he was satisfied
that the speculators know that the
secretary of the treasury was stating
the policy* of the treasury depart
CENSUS GUESSES.
G. F. Hiers, Henry Barnwell and H.
W. Beard Win Subscriptions.
Last February The Herald offered
three prizes in subscriptions to the
three nearest correct guesses of the
population of Bamberg according to
the 1920 census report. The report
on Bamberg county has just been
made public, Bamberg's population
being 2,210 (subject to correction.)
G. F. Hiers, of Ehrhardt, wins the
two year subscription offered for a
first prize; Henry Barnwell, or Hmbree,
wins second, a one-year subscription,
and H. W. Beard, of Bamberg,
gets the six months subscription.
These were the three lowest guesses
made.
The subscriptions will be awarded
as soon as the census is officially announced.
In order that all may ascertain
what guesses they are, we reprint the
guesses made last winter, as follows:
G. F. Hiers, Ehrhardt 2,250
Henry Barnwell, Embree 2,287
H. W. Beard, Bamberg 2,303
H. M. Graham, Greenwood .... 2,355
Mrs. >M. R. Rice, Mt. Pleasant.. 2,425
D. P. Smith, Ehrhardt 2,433
Lizzie Hunter, Branchville 2,434
Miss Rosa Adams, Bamberg ... 2,437
Flossie Folk, Bamberg 2,441
G. W. Hunter, Branchville 2,489
H. C. Folk, Bamberg 2,495
R. L. Beard, Brown Hill 2,540
0. F. Folk, Bamberg 2,547
Miss Pollye Carter, Murrell's
Inlet, S. C 2,549
Miss Virginia Folk, Bamberg.. 2,592
Clarence Beard, Brown Hill.. .. 2,612
STorman Kirsch, Bamberg 2,670
Dr. J. B. Black, Bamberg .... 2,693
rhelma Hunter, Branchville .... 2,733
3. E. Black, Bamberg 2,742
Mrs. O. D. Ritchie, Albermarle,
tm n 2.752
VIrs. W. E. Hightower, Denmark
2,755
jrady McMillan, Ehrhardt .... 2,755
3. J. Brabham, Columbia 2,793
Take Hunter, Branchville .. .. 2,801
Mrs. E. A. Smoak, Bamberg .... 2,816
Miss Eula O'Quinn, Bamberg.. 2,841
lames Brabham, Bamberg .. ..2,850
R. P. Bellinger, Bamberg 2,862
^Villiam Kirsch, Bamberg 2,875
diss Gertrude Smoak, Bamberg 2,966
Mrs. M. M. Carter, 19 Perkins
street, Augusta 3,000
Mrs. W. A. Waters, 26 Smith
street, Charleston 3,100
B. C. McDuffie, Atlanta, Ga 3,250
2. W. Smoak, Bamberg 3,250
2. D. Dean, Embree 3,350
Margaret Free, Bamberg 3,470
S. M. Zeigler, Bamberg 3,918
3radley C. Hiers, Ehrhardt .. 5,811
Tohn Clifton, Denmark 6,977
Mrs. D. L. Smoak, Bamberg .... 9,937
Toe E. Bishop, Ehrhardt 10,000
Tests.
The late Ambassador Walter Hines
Page was formerly editor of the
World's Work and, like all editors,
was obliged to refuse a great many
stories. A lady once wrote him:
"Sir: You sent back last week a
story of mine. I know that you did
not read the story, for as a test I
pasted together pages 18, 19 and 20,
and the story came back with these
pages still pasted; and so I know you
are a fraud and turn down stories
without reading same."
Mr. Page wrote back:
"Madame: At breakfast when I
open an egg I don't have to eat the
whole egg to discover it is bad."?
Writer's Monthly.
Preliminary Trailing.
"How did you manage those Soviets?"
"Easily enough," replied the Russian
politician. "I encouraged them
all to talk at once until everybody
was in a fighting mood and then I
put them in the army."?Washington
Star.
ment and not announcing any change
in the policy of the federal reserve
bank system, but that they used the
statement of Mr. Houston to raid the
market, and frighten producers into
selling their cotton. He stated
"Governor Harding has time and
again stated that the federal reserve
board will aid member banks in furnishing
the money necessary to or/iofltr
m o-rlrof tlio r>T*nn Tn hiG nro.
UWI IJ JULXU1 UlVW vug V* AAA u A KJ |/i V
pared speech delivered at Cleveland
he defined "orderly marketing" as
covering a period of months and in
his statement of September 15, which
appeared in the Richmond Dispatch
he said: "Every reasonable assistance
will be grantPd to the banks in
this section to market the crops gradually.*'
Secretary Houston in his
telegran^ says he is in accord with
the view of Governor Hording. Member
banks stand ready to assist the
producers by lending money on cotton
stored in warehouses and the
federal reserve banks stand ready to
discount such paper for member
banks. There is no excuse for panic.
Producers should follow the advice
of the American Cotton association.
RAISING CATTLE ON
COTTON FARM
C. B. WOOLSEY FORMS ALLIANCE
AGAINST WEEVIL.
Has Pedigreed Herd.
Breeze Hill Plantation Boasts Many
Potential Prize Winners?Extension
Service Raised.
Aiken, Oct. 2.?Breeze Hill plantation,
the home of C. B. Woolsey's
herd double standard polled Herefords,
is primarily a cotton planta-j
tion but pedigreed cattle are raised
there as well as pedigreed cottonseed.
Mr. Woolsey believes that cattle help
the cotton and that cotton helps the
cattle, and that, together with some
hogs, they make the best combination
to meet boll weevil conditions in
this section. j
To raise cattle, however, he says
you must have, besides cotton, good
pastures in summer and fenced fields
to graze in winter, with peas and velvet
beans in your corn and grain
crops as cover in your cotton and, last
but not least, silage to carry them
through the late winter and early
spring. !
Last year he showed two polled
heifers that won the two year old
and junior yearling classes and a
junior champion, and this year will
have a larger herd on exhibition at
the state fair.
Like so many other pure bred breed!
ers, he started with grades and, findI
ing them a success, two years ago he
I bought at auction his first registered,
| double standard, polled female, a
yearling heifer, and since then, has
I bought eagerly whenever polled Herefords
have been offered at auction
in the southeast, as well as at private
sales, but he prefers to buy at
auction.
He says that he has always found
the extension service men the farmers'
best friends in all farming operations,
but that in the purebred cattle
business, which is rather new to this
section, their advice is especially
needed, and that the present quality
of Lis heed is largely due to the assistance
given him by the extension
service beef cattle expert, W. J. Sheely,
who has been his "guide, philosopher
and friend" in the cattle business
and has assisted him in picking
out the bulk of his herd.
Among his purchases are included
"Sunflower" (6713) 494880, the top
priced female at the association sale
held in Atlanta in March, 1919, and
a show heifer by "Polled* Victor"
(which he bought at the Chandler dis-'
I norsinn sate, ^nin? there last Decern-1
ber after the international party
from South Carolina dispersed at
Chicago. Be paid $1,125 for this
heifer but an unfortunate injury received
in shipping home will prevent
her being seen at the fair. She has
a bull calf by the $14,500 Marvel's
Pride that looks like a worthy son of
an illustrious father.
Mr. Woolsey's herd includes almost
all the principal strains of polled
blood, and every animal is strongly
"anxiety" herd, very large through
"Beau Donald."
Among his exhibit will be found
his winning two year old of last year,
"Belle Mapleton" (17569) 625449,
now a mature cow with a calf, and a
full sister showing as a junior yearling.
These two will be shown together
as produce of cow. They are
grandaughters of the famous "Dominion."
One of the most interesting features
of Mr. Woolsey's exhibit will
be a heifer owned and fed by his son,
Con vers K. Woolsey. The heifer
weighed 422 pounds when received
(December 31, 1919, and she will
probably be sold at auction with the
calves of other calf club boys after
the judging.
Last but most important of this
herd is the herd bull "Prince Charm
ing" (19554) 797945, whose breeding
combines the blood of "Perfection
Fairfax" through the grand
champion "Fairfax 16th" and the
great polled bull "Tony" on his sire's
side, while his dam is a daughter of
"Bright Stanway," tracing on her
dam's side to "Beau Modest." This
bull is truly a remarkable combination
of famous blood lines. He is a
thick fleshed, heavy quartered bull
with great bone, yet close to the
ground, and should furnish strong
competition with the assembly of
other good bulls to be seen this year
in the senior yearling class in which
COMPILES REPORT
ON COTTON CROP
SAYS CONDITION'S INDICATE
SMALLEST YIELD IN YEARS.
Will Be Low Grade.
American Cotton Association Reports
on Condition of Plant.
Quantities Ungathered.
The report of the American Cotton
association on the condition of the
cotton crop up to September 25
shows the condition to be ob./, -according
to figures given out last
week. A supplementary report up
to September 28 shows additional
deterioration, according to the association.
The report following was given out
by J. Skottowe Wannamaker, president
of the American Cotton association:
A most thorough investigation into
the condition of the growing cotton
crop up to an average date of September
25 brings to light the following
facts which will cause the
1920 cotton crop to go down in history
^marked and followed by the following
record breaking conditions:
The first government report showed
the lowest condition in the last 50
years.
There will be the greatest amount
of unharvested cotton from any crop
in the last 50 years.
Before the 1921 crop reaches the
market, the growing crop will sell for
the highest price of any crop within
the last 50 years.
| It will be followed by a crop showing
the greatest reduction in acreage
of any cotton crop planted within the
last 50 years.
The end of the cotton year (July
3 V 1921) will show the smallest
amount of surplus cotton carried over
of any similar period within the
last 50-years.
| It will be followed by the most
t
1 complete change tor the better in the
agricultural life of the south which
has taken place within the last 50
years, as result or cooperation.
-Recognizing the fact that this
growing cotton crop, had the law of
sup-ply and demand heen permitted to
function, would have broken all records
in the last 50 years as to high
prices and realizing the vital importance
of securing the most accurate
information obtainable concerning
not only the condition of this crop and
the indicated yield, but all important
factors that will enter into the next
production, due to the pressing demand,
world wide, for raw cotton,
once normal laws are permitted to
function, this report was prepared
after a most thorough investigation
through questionnaires, letters, telegrams
and personal investigation.
The condition up to an average
date of September 25 shows 56.7.
' Will be Small Yield.
However, we find that the yield, as
indicated by the condition, will be
smaller than at any time within the
last 50 years. Prom the last cotton
crop there was gathered 500,000
bales of bollies and snaps. From the
indicated yield of this cotton crop,
as shown bv our report and by the re
port of the government, must be deducted
the snaps and hollies as well
as a tremendous amount of low grade
cotton, which will not be gathered
under any condition, but which will
be left in the fields for feed for cattle
and for compost.
This crop will be a low grade crop,
due not only to adverse weather conditions
and to the shortage of labor,
but also due to the abnormal condition
of the crop and to insect damage.
The entire crop in a large portion
of the belt is all opening at one
time, which will result in lowering
the grades on account of exposure
to the weather due to insufficient labor
to harvest same.
We find that the crop is from three
to four weeks late and an early frost
would greatly reduce the indicated
yield. The cotton is poorly fruited,
lie is entered.
The herd of Breeze Hill plantation
now numbers over 20 registered animals
and over 30 grades and is increasing
with practically 100 per
cent, calf crop of all cows old enough
to breed. This is the only registered
polled Hereford herd in South Carolina
and will attract much notice
through the excellent exhibit which
its owner -will have at the coming
state fair.
*
GUILTY OX MURDER CHARGE.
W%h Smith Sentenced to Life Imprisonment.
Orangeburg, Sept. 30.?The jury
I in the case of the state against Wash
Smith, the negro charged with the
murder of Magistrate Jeff D. Wiggins,
of Eutawville, rendered a cerdict
of guilty of murder with recommendation
to mercy. Judge Mauldin
at once passed sentence upon the
prisoner, which is life imprisonment.
The case next called was that of
Elijah Douglass and his son Otis
Douglass, charged with the murder of
Fuller Sanford near Norway on
Christmas eve of 1918. Elijah Douglass
was convicted of murder, with
recommendation to mercy, while his
son Otis was convicted of manslaughter
and given five years. The case
was appealed to the supreme court,
and a new trial granted both defendants.
When the case was called this
afternoon the solicitor agreed to
Elijah iDouglas pleading guilty of
manslaughter, while the solicitor nol
prossed the case against Otis Douglass.
Sentence will be passed upon Elijah
Douglass Friday morning, Judge
Mauldin taking the testimony to get
familiar with the case. This case created
considerable interest in this
county at the time of trial. Fuller
Sanford went to the home of Elijah
Douglass and attempted to steal his
daughter, and a fight followed near
the home of Douglass, resulting in the
death of Sanford. Messrs. Wolfe and
Berry, Brantley and Zeigler, Julian
S. Wolfe and J. H. Fanning represented
Douglass and his son, while
Messrs. T. M. Raysor and A. H. Moss
assisted in the prosecution.
Moonshine Money.
"I understand there's an old moonshine
still in the neighborhood."
"There is," answered Farmer Corntossel.
"My boy Josh is the guide to
it/ And I want to say it brings in
more money as an exhibit than it
ever did as ^ liquor factory."?Washington
Star.
due to adverse weather conditions
and to insect damage, the boll weevil
damage being over a greater ter
' * ? An rtTT
ntory ana iar more senuuo mau ever
before recorded. In addition to
reducing the production, the boll
weevil has greatly damaged the grade
by puncturing full grown bolls. *
Will Reduce Acreage.
The most thorough and scientific
plans have been put into force in every
county in the cotton belt for the
purpose of absolutely assuring a reduction
in cotton acreage for 1921
by 33 1-3 per cent. The farmers,
the merchants, the bankers, the busness
men and professional men are
thoroughly organized behind this
movement. Producers are signing,
not pledges, but contracts. The banks
are requiring the signing of those
contracts, binding the producer to
the reduction, before they will make
advances on cotton being carried from
the growing cotton crop.
A record breaking acreage of small
grain is being planted and will be
planted this fall, and an enormous increased
acreage in food' and feed
crops will be planted next spring.
Cotton will be planted as a surplus
crop.
The cotton producer, as a result of
his organization, realizes today more
thoroughly than ever before that it
is only through a small cotton crop
that he can secure a profitable price;
, that all records of the past show that
a small crop brings a greater return
than a large crop. He realizes
that the enormous spread of the boll
weevil adds to the great hazard of
cotton production; that labor and all
commodities necessary to the production
of cotton show an enormous increase.
The farmer, the merchant,
the banker; in fact, the entire agricultural
and commercial life of the
south, is thoroughly alarmed.
Realizing that nature requires a
fixed period between planting and
harvesting and that deflation means
the absolute certainty of a loss to the
producer, a canvass of every section
of thesbelt justifies the positive statement
that the 1921 cotton crop will
show the greatest reduction in acre-|
age ever shown in the last 50 years,!
and that the question of sufficient
supplies of raw cotton which would
have been of serious concern to the
world long before this, were normal
conditions prevailing, will be one of
the most serious questions that will
confront the manufacturer, and the
consumer of cotton goods, even with
the most favorable weather conditions
for the 1921 cotton crop.
SLUMP IN PRICES
BEING EXTENDED
consumers soon to get ben.
EFITS OF DROP.
'- A
Public Now Exacting.
?!
Wave Begun by Wholesalers to be
Reflected by the Retailers.?Substantial
Reductions. #
Washington.?Price cutting has
taken hold of the wholesale trade to
an extent that soon must be felt substantially
in lower prices to the consumer,
according to the federal reserve
board's monthly business review,
made public last week.
Revival nf thp w?vp nf nrirrp rftriur
tion and its spread to many retail
lines was attributed to a "more exacting
demand by the buying public V.
as to price and quality." Retail purchasers
are showing continued determination
to await a move by dealers
to meet those demands while foregoing
luxuries and semi-luxuries reports
to the board declared. ~
Although the board believed that
the buying public was largely dominating
the market now, it is said that
labor and production were having a
marked effect on prices. There was
much evidence, it said, of increased
efficiency on the part of labor and as
a result production was on the increase
and factory operation beginning
to approach normal.
Stability Returning.
\r
Summed up, the board's findings
were that business conditions now
are definitely on the road towards
stability of as great and confirmed
a nature as the disturbed position of
the world at large permits.
"Continuance of the process of readjustment
in business and industry
has been an outstanding feature of
the last month," the review said. ?
"This has been accompanied by price
reductions and the resumption of
work in branches of industry where
hesitation as to the future outlook
has led to suspicion. . * ;
"After an apparent slowing' down
of the price reduction movement during
midsummer, it has again appeared
and the month of September saw
substantial reductions in several of j J
the well known makes of automobiles,
various classes of textiles,,
shoes and leather and other wholesale
prices. Reductions have occurred
in a variety of staples, including
wheat. The changes in prices have
tended to make business men and
bankers cautious about future commitments.
Drops in prices have featured almost
all of the textile lines, agents
of the various reserve banks report4
. .
ed, and they added that, due to reductions
already announced by the
wholesalers and jobbers the retailers
are buying carefully and not in
large quantities. The retailers' attitude
was depicted as necessarily
conservative for the reason that a
market with a downward trend leaves
a
him with the alternative* of taking a
loss or keeping his shelves stocked
with high priced goods.
Shoes to be Lower.
Similar influences were shown to
be bearing on the shoe and leather industry.
In these lines particularly
the reports of the board disclosed the
influence of a demand lessened by
high prices is strong and gives no
indication of weakening. Because
nf this aDDarent sentiment, the re
view stated, retailers are postponing
buying or are buying only for current
requirements.
While housing conditions were represented
as being acute .in all communities,
the board figures held out
hope for an early renewal of all construction.
Material prices show the
effect of price cutting in other commodities
and "certainly have passed
the peak," the review said.
Chicago and environs have been
most favored with price reductions
in building materials and construction,
where, according to the board's
report, prices fell between 15 and 25
per cent, during the last 30 days. The
feeling was said to prevail that price
revision in this, like other lines of
trade, was due to spread.
More Below.
Countrywoman (her first glimpse
x -t. ?
of the sea)?"Ain't it astoni&um ,
William? Who'd 'ave thought theer
could be as much water as that?"
William?"Yes; an' remember, Maria,
ye only see what's on top/'?
Punch.
? ? - 'AM 4
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