Lexington dispatch-news. [volume] (Lexington, S.C.) 1917-1919, August 13, 1919, PART TWO EIGHT PAGES, Image 15
Wannamaker Says C
Must Name Pi
A mammoth mass meeting-, composed
of representatives from every
county in the cotton beit, will probably
be held in the early fall for the
purpose of discussing and recommending
a minimum price for the
growing cotton crop, according to a
statement issued Monday by J. Skottowe
Wannamaker, president of the
American Cotton Association. It is
declared by Mr. Wannamaker in his
statement that%experts who are working
on the cost of production of the
growing crop find that it will be the
most expensive crop ever grown. One
of these experts, Mr. Wannamaker
says, rendered a detailed statement
showing the cost of production to be
47 1-2 cents a pound. The statement
issued by Mr. Wannamaker follows in
| full:
"The American Cotton Association,
through confidential representatives,
has been securing inside information
ffrcm the cotton consuming centers of
the North and from the New York exchange
for quite some length of time.
Much of the information is very valuable.
"A mammoth mass meeting will be
held in the early fall for the purpose
of discussing and recommending a
minimum price for the groiwing crop,
based on supply and demand and the
comparison in prices of manufactured
products and other commodities. Also
the matter of acreage for the com-/
mg year will be seriously considered.
4 The farms will be operated on a business
basis and only such acreage will
be planted as based upon supply and |
ifi demand will bring- a profitable price.
|T Under no condition will the acreage be
& planted to establish surplus to bear
j?,. down prices.
"After this meeting confidential in?*?
formation secured, as stated above,
0. * will receivp the most careful considg|.T
eration a^d attention of special comp.p
mittees, *and in all probability a reihj-^^^uestjj^r
a special investigation of the
l^gpKmt manipulation which has been
|p>7- practiced in the cotton market will
- be made. As a result of this manipulation
/he South has suffered the loss
K v>:Of millions. J
W-' '' :-v. "0 O: ; iln'r - iio<
"the-wealthis westerrrSection recently j
?7 jr;__ ?tated:
Jf' . V4.;.i be delighted to loan j
M./ money oh your cotton as money is ex- j
tremely easy with us, but it is an ab- !
solute tool for the manipulator, the i
prices being flagrantly and violently
mampmateu at jus uwu sncct m m, ow
that cotton is really considered as a
? " gambling product, and in our section
*of the West is considered unsafe for
handling by the banks. You should
do something to stabilize your prices.'
"Dry goods todav, since the break
in the price of cotton, are still ad
vancing, it being impossible to have
orders filled without delay. It has
just been stated that it wilil be necessary
to allot men's underwear on account
of the great shortage of the
manufactured product. There will be
a record breaking demand for cotton.
"As soon as the peace treaty has
been confirmed the manipulator will
be denied one implement that he has
used to beat dofcvn prices and causeu
the South fabulous losses as Germany
can not buy a pound of cotton, even
with gold, until the peace treaty has
Koon fnnfirmod.
"Experts who are working on the |
cost of production of the growing
crop find that it will be the most expensive
crop ever grown. One leading
expert from the South, Mr. Morrison
of Xenv Orleans, a recognized
authority, rendered a detailed statement.
including every item showing !
;
Registration Notice.
* ' i
In order to provide for the rcgistra.
fc* I
tion of voters for the general election
to be held October 7 to fill the vacancy
paused by the resignation of Hon. |
A. F. Lever, as Congressman from the
Seventh District, the County Board of
Registartion have arranged to be at
the following precincts on the dates j
below for the purpose of registering I
all qaulified electors.
Chapin?August 21.
Cayce?August 22.
Brookland?August 22.
Swansea?August 25.
Batesburg?August 26.
Leesville?August 27.
In addition to the above dates the
books of registration will be open at
the court house on the first Monday in
September, which will be the last opportunity
to register before the general
election.
W. F. Derrick, !
W. B. Rhoden,
J. W. Addy,
Board of Registration for Lexington I
County.
I
otton Growers
rice of Their Product
the cost of production of the growing'
crop, basis middling, of 4 7 1-2 cents
per pound. With the present shortage
of labor, the percentage of off
grade cotton from the growing crop
will probably break all previous records,
as there is certain to be a great
deal of trouble and delay in gather
ing the growing1 crop, which will be
bound to cause off and low grade cotton.
"Much of the information in possession
of the association shows that
the laws of supply and demand are
absolutely ignored. The inflation of
the currency which is as unchangeable
as the la,w of gravitation has no
bearing. However, these laws can
not continue to be violated, they will
assert themselves eventually. In addition
to this, watch the condition of
the growing cotton crop from August
15 to September 1 and you will
see record breaking deterioration. The
cotton plant in its present condition
can not stand reverses, neither can we
snin nsnpr cotton, bollies or rotten !
cotton, which are included in the published
surplus.
"The laws of God work slowly but i
surely. Truth crushed to earth will i
rise again. These laws can not be
ignored. True, some manipulators
have gone unpunished for lo! these
many years, they may change and
controvert and doge the laiws of man.
However, remember that they can not
change permanent supply and demand,
nor can they change permanent inflation:
hence in the end you are
bound to see prices something like |
what your cotton is worth, regardless
of this hellish manipiulation, and this
price is bound to be above any price
for which iti has sold, certainly since
the commencement of the war. and in
all probability a record breaking
price. Do not become intimidated,
frightened, browbeaten?fwe are no
cowards, knaves or fools, and are cer- j
I
tainly entitled to a square deal.
"The organization of the American j
Cotton Association is the only guarantee
that we will get a square deal, i
that the future will be protected, that
present depressed conditions will be
obliterated, the South will come into j
its own and be the most -rosperous
pan. of the entire nation We *r
just begun to fjgh'i ?vi'M :1 i<- <:
'air.'' .
WALTER'S GLASSES
Grace The Face.
The Gentle Art of Selling
Dynamite to Children
There is hardly a surgical operation
on a chronic malady that
calls for more careful diagnosis
, than certain forms of the eye
I trouble that find relief in glasses.
In spite of this fact, many per;
sons with serious cases of this
nature, place their confidence in
the skill of the combination man.
A reason for this is bard to find,
when the service of a Specialist,
whose entire practice consists of
the correction of eye troubles,
can be secured at the same price
| that is paid incompetent people.
Walter's scientifically fitted
glasses give you clear sight and
grace the face.
Oculist's Prescriptions Filled
Broken Lenses Duplicated.
Glasses Fitted Completely
$.450 To $10.00
Artificial Eyes Fitted $12 to $15
0. L. Walter Optical
Comoanv
" JL *
1221 Main St., Columbia S. C?
Office Hours: Daily 8 to 6;
Sunday by appointment. '
BANKS ORDERING
THE HAND GRENADES I
| Over 175.000 Clildren in Fiftli District
J
Will Be Routing Enemy, Waste,
< Dining Summer Months.
i
! Richmond. Va.?According- to the
f m iyn? r.iTfir tiro Vinn- I
xawvot a ?auai^Jt vo v ? vx i?? v I
dred banks in the Fifth Fed*fal Reserve
District have ordered supplies
} ct hand grenade penny-savings banks
j that are to be used by the children for
[summer savings. The total number
| of hand grenades that have been ordered
exceeds 175,000.
The plan of the hand grenade bank
'originated in the Treasury Department,
and the banks are being distributed
in this district by the "War
Loan Organization here. Every school
[child under the age of seventeen years
| may, by applying at the local bank, re|
ceive one of these hand grenade
penny-banks as a loan for the vacation
period. If, during the summer,
enough money is saved to purchase
r
I
m B B HE W
n K ff B re
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#
I Candid
ir
*y
8
I Worked in fi
Ask
Solicits the s
I that he has t
repre sent the
one or more War Savings Stamps the 't
hank becomes the property of the r
child. ]
The banks are made out of real i
hand grenades that were to have been I
used against the Huns. With per- s
cussion cap and high explosive removed,
and slots cut to receive anu ?
take out coins, they are now doing ]
j service against the enemy, waste, as j
banks for savings. t
School officials all over the district <
are enthusiastic about the plan, as r
they feel that it will not only keep
alive but strengthen the thrift ideals 5
that already have been implanted in the
minds of the children. j*
? *>
ANDREW CARNEGIE b
DIED MONDAY MORNING !
! "\
j 'N
Lenox, Mass., Aug. 11.?Andrew !
Carnegie, steel magnate and philan- i
thropist. died at his Lenox summer
home "Shadow Brook" at 7:10 o'clock
this morning after an illness of less I
nBanEnmnHHig
\ ^ ... - ' ''
OF COLI
f f*
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. VM K p 15 A
PX /" * > x ci- *?. . i,i -. ?\ C-: &
Hij:- W Na^t".-. ij \^x?*if?j
| AT *>
I m i
wiJiiplJP Ji
'eight depot in the d:
while stud vinot
C
the Beetle of C<
jL A.
f yon don't kno1
nv\v\A\'?f r\ P fU
t UI Lii^ VUICIO
;he character and be"
2 people of the Sever
nan three days "with bronchial pneumonia.
So sudden was his death that
lis daughter, Mrs. Roswell Miller, was
inable to get to her father's bedside
>efore he died. His wife and private
;ecretary were with him at the end.
Mr. Carnegie had spent most of the
:um.muer at Lenox, coming here late in
'day and up to a few weeks ago enoyed
himself in almost daily fishing
T ?i.? Ksv?*
rip& UIJ *uaurwtrcucw, w niv;n v\Jilers
his big "Shadow Brook" estate
tnd in riding about his grounds.
He was taken ill Friday and gr?w
steadily \vorse. His advanced age
md lessened powers of resistance hasened
the end.
Mr. Carnegie leaves his widiow, who
ivas Miss Louise Whitefield of New
i'ork, and his daughter, Margaret,
vho married last April Ensign Ros,vell
Miller of New York.
Carnegie Benefactions.
Carnegie Institute, PittshiirfVi
> $22 AflO.ftOf)
Branch libraries in New
UMBIA
FV c ? r
i mf?f
ll#' ;i-a ti.
1 !f%
|S t'l
M h fi :*?
#* 3N* 4^s ^ ,
me i 0<
ay time to support
law at night.
olumMa about
w him vourself
of Lexington Cour
lieves that he has t
ith District in Cong
York City 5,200,000
Scotch universities 10,000,000
'Carnegie Institute. Wash!
ington, D. C 24,000,000
I
' Carnegie Steel Co. em|
ployes benefit fund .... 5,000.000
I
Carnegie Hero Fund commission
5,000,000
| St. Louis Public Library.. 1,000,000
! Carnegie Hero Trust Fund,
| Scotland 1,150,000
I Hero Fund, France 1,000,000
Hero Fund, Germany 1,800,000
C a r n e g ie Dumfermiine
i Trust 3,500,000
Hague Peace Temple 1,500,000
United Engineering Society
1,500,000
Municipal library buildings 60,000,000
Foundation for Advancement
of Teaching in
United States, Canada.
Newfoundland 16,230,000
| A successful man keeps his eyes
i and ears wide open and his mouth
closed.
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his family j
him
ity. Knows |
he ability to \
press. I
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