The Horry herald. (Conway, S.C.) 1886-1923, March 20, 1919, Image 8
?m
TALK OF COTTON
FROM M'LAURIR
St. Matthews.?The South Carolin*
Cotton association is in receipt of i
communication from John L. Mo.
Laurin which will bo read with deej
interest not oi\ly throughout Soull
Carolina, but throughout the cottoi
belt and commercial circles. 11
touches on a subject that is of the
deepest interest to not only commercial
life of the South, but of deep interest
to the great money centers ol
the world today. John L. McLaurir
is recognized as an expert on cotton
an?? finance, said J. S. Wannamaker
chairman of the central committee ol
the South Carolina Cotton association
and his communication will re
eelve careful attention.
Bonnettsvillc, S. C., March 10, 1910
Mr. J. S. Wannamaker, President
Cotton Association, St. Matthews,
S. C.
Dear Sir: 1 have yours of 7th, requesting
me to prepare for publication
an article on the cotton situation.
You are doing a splendid work
and T consider it an honor and a
privilege to contribute to its success.
Cotton could take care of itself
if given a fair chance but it has been
unable to withstand the juggling of
"New York gamblers and the carefully
concoted propaganda of pessimism
with which they have flooded the
South. They have forced contracts
on the exchange 5 cents a pound under
spots in order to discourage
\ oak holders.
When congress specifically forbade
the dishonest fulfillment of
these contracts by the delivery of
unmerchantable cotton they seem
about to nullify the enactment of
congress by the ruling of a bureau
chief in Washington. 1 quote from
the New York Commercial of the
>\t Vv ns fnllnws
"The fortunate position of the mar
Tel proves the salvation of the
shorts, as it was considered doubtful
if they would have been allowed to
cover except at sensational losses."
In other words market manipulators
are protected through the buieau
in Washington in their paper
profits at the expense of the holders
of actual cotton. Mr. Wannamaker,
if you can get Senator Smith behind
this rotten proposition, the price of
cotton will advance immediately. We
won't have to wait for acreage reduction.
If the shorts are permitted to escape,
then the buying power will be
gone from the market, and nothing
but the absolute certainty of a holding
movement occupied with acreage
reduction can help weak holders.
Unfortunately our banking machinery
is not adapted to carry the surplus
of this crop and finance the new
crop. These cotton gamblers know
that as well as we do and expect to
buy the low grade and hold for i
long profit so as to make just such
another killing as in 1014.
What About Cotton Seed?
Does the government mean that
\vc are to hold the bag on every prop
edition? Our share of the bonus to
the "Western farmers will bo about
$130,000,000.
What is going to become of our cot
ton seed? We complied patriotically
vith the request of the food admin,
ist ration not to rush our seed on tin
market and now there is no market
In the .beginning Washington fixed :
wagon and a car price. The mill.
v< re to take wagon seed at $00 pe]
LIFT CORNS OR
, CALLUSES OFF
Doesn't hurt! Lift any corn or
callus off with fingers
i V Zf .
mm XX
a i|
TH 'ft
) \'' ra
\\
Don't suffer! A liny bottle <
Freezono costs but a few conls at ar
kD-us* stoic. Apply a few drops <
tin corns, calluses and "hard skii
on bottom of feet, then lift them o<!
When I'Veezonc removes corns fro
the toes or calluses from the botto
of feet, the .skin beneath is left pii
stnd healthy and never sore, tend
v irritated.
ton anil car seed at $72 per ton.
What happened? It was not long
I before the mills set up a howl ami
the price was cut $1 per ton. This
failed to satisfy the mills although
they had been allowed a spread sufficient
to cover the car price and the
1 freight. They soon refused to
i handle car seed, claiming they had
- plenty of seed from their own gin>
nerics. They saved $3 per ton by
i forcing farmers to haul by the wagi
on sometimes 20 miles to the oil mill,
t They saved an average of $2 per ton
J in freight and $1 in labor, getting
the seed for $0 less per ton than the
ptice fixed by the food administra*
tor. They have it now so arranged
i thai if there is a loss it will fall upon
i the farmer. The government has al,
ready agreed to take the linters at
v ar prices on all except the seed in
tlu hands of the farmers. The sta
bilized price for meal and oil is to be
hold until it can be disposed of and
1 when this is done, the restrictions
will be removed leaving the seed in
the hands of the farmer to bear the
entire loss. It looks to me as if the
farmers of the South have had few
friends in Washington with the ability
and willingness to secure a
square deal from the various price
fixing boards. The dollar a day patiiots
in Washington have certainly
given it to us where the chicken got
the axe.
The next (>() days is a critical time.
1/ a man can carry his cotton it will
increase in value; if he is squeezed
oid, 4hen the middle man reaps his
p oh' ..
An Krror of Prosperity.
It is impossible t for the price of
products to be permanently lowered
for years to come. It is vain to attempt
the restoration of pre-war
prices. Aside from the scarcity of
products and the demand cf labor,
the financial situation has forced
and will continue to maintain inflated
prices.
By reason of the position of America
the surplus gold of the world is
here. It will remain here for many
years. The nations must come to
us for raw material and their gold
will flow in until they have products
to sell in excess of what they buy.
Prices can not fall until Europe has
a surplus manufactured with cheap
labor to undersell us in our own market.
I defy any man to demonstrate
how this can happen in the near fui
11 vn
I In addition to this in the first two
years of the war we bought back in
high priced products $4,000,000,000
of American securities held abroad
The gold that in 1910 went abroad to
pay dividends on these securities
must therefore remain here. Furthermore,
Europe now owes us $8,h00,000,000
and the interest on this
vast sum must come here. We are
flooded with gold, and so how can
pi ices go down with such a vast expansion
of credit as must come from
the control of the gold supply of the
world. This expansion of credit will
begin when the treaty of peace is
s.\sned, the embargo lifted and trade
resumed. There is a great opportunity
in manufacturing, an opportunity
so groat that the mind can
i hardly visualize the possibilities,
i Forty per cent of the spindles of the
; world have been idle while men devoted
themselves to war; those m
operation have been consuming quan
r tities of cotton for war purposes
. which is valueless now. The short;
ago of cotton and clothes in Europe
.lis so great that we overlook the
t shortage at home. The manufacture
r of goods for civilian use in the Unitr
ed States in 1917 and 1918 is only
? 40 per cent of what it was in 1914.
Cur mills went on war goods to the
extent of their capacity, the dry
goods stores are understocked, the
mills are running half time and everybody
waiting for something to
happen. It is going to happen and
this domestic shortage must be made
up, hence in calculating domestic con
sumption, you must allow for 40 poi
cent under consumption. If the acre
age is cut, as I confidently expect il
he, the price of cotton will ad
v?*ince to a point where consumptioi:
will be checked to meet the size ol
the crop. The mills here by waiting
to buy a stock will find Europear
manufacturers running prices up t<
clothe a people who have been denict
raiment for five years.
o
$100 Reward, $100
Catarrh is a local dlseaso greatly Infill
onced by constitutional conditions. I
therefore requires constitutional troat
mont. HALL'S CATARRH MEDICINJ
is taken internally and acts through th
Blood on tho Mucous Surfaces of the Sys
tern. HALL'S CATARRH MEDICINJ
destroys the foundation of the diseast
give." the patient strength by improvin
tlio general health and assists nature 1
< doing its work. $100.00 for any caso c
of Catarrh that HALL'S CATARRJ
1 MEDICINE) falls to euro.
iy i Druggists 75c. Testimonials free.
,n F. J. Cheney & Co., Toledo, Ohio.
I
V9
] William Jennings Bryan issued
in statement indorsing the league c
m nations, hut suggesting amendment
il< to the proposed constitution whic
or among other things would preserv
specifically the Monroo doctrine.
Bank No. 290
STATEMENT OF THE CONDITION
Of the Bank of Little River, Located
at Little River, S. C, at the Close
of Business March 4, 1919.
RESOURCES
Loans and Discounts $43,797.89
Bonds and Stocks owned
by the Bank 11,350.09
Furniture and Fixtures 325.80
Banking House 1,250.00
Other Real Estate Owned 1,441.80
Due from Banks and
'Bankers 7,(503.25
Currency 715.00
Cohi 4 121.00
Silver and Other Minor Coin 1,403.72
Checks and Cash Items 2,805.30
Other Resources, viz:
W. S. S. 203.70
TOTAL $71,017.40
LIABILITIES
Capital Stock Paid In $10,000.00
Surplus Fund 2,500.00
Undivided Profits, less Current
Expenses and Taxes
Paid 280.10
Dividends Unpaid 15.00
Individual Deposits Subject
to Check $19,222.89
Savings Deposits 22,790.10
Cashier's Checks 110.73
42,123.72
Pills Payable, including Cer
tilicates for Money Borrowed
15,750.00
Other Liabilities, viz:
Jnd. Due Dep. 348.58
\
TOTAL $71,017.4(5
I STATE OF SOUTH CAROLINA.
County of Horry. )ss.
Before me came Moore Thompson,
Cashier of the above named bank, who
being duly sworn, says that the above
and foregoing statement is a true condition
of said bank, as shown by the
books of said bank.
MOORE THOMPSON.
Sworn to and subscribed before me
this 14th day of March 1919.
JOHN WARD, (L. S.)
Magistrate 14th Disk,
Horry County, S. C.
Correct Attest:
W. H. Stone,
Jas. A. Stone,
Moore Thompson,
DIRECTORS.
o
TODDVILLE TIDINGS.
Mrs. Hattie Duscnbury and daughter,
Miss Jessie spent Sunday at
Evergreen, the guests of Miss Lillie
King. j
The public school building at Pau1?
\ is rapidly nearing completion. It
will be remembered that the school
flllMHd?KBHIiMill
o'UEd
balanced ration.
lljflrj&k over I'od and otlie
SvKVVvV7////containing (
llfi I ml Alfalfa, Cotton i
Buv^jSl^ )j\lw give energy to ev
jmmm coki
i / make strong, vig
\l ill palatable and of
V l/ihk *'K* dements of
[Jjjlm Fat, and Carbofy
jmng healthy, sliolc, s
f bags will show i
nR| and use Coker-1
Mil cost much less in
v t? O
MANUFACTURED 8V CCKEIM.^??
- fctfWBHBaiff u 11 maaapiB rjrar,
i _ -
r
r The annual reunion of the Confcd
J erate veterans of South Carolina wil
} be held this year in Greenwood ii
I the latter part of April.
I VELVET 1
t
j I have a few bushels of ea
e which shows a germination of
la 1 , _ 1 1 M 1 1. 1
per ousnei wmic supply lasts.
J. will not germinate 30 per cent
I; would be costly to farmers. Or
[J three times as far as others. A
no more after present supply is
ment will be made immediately
_ | with order. Buy only pood peri
S. L.
ts '
39 Broad Street
'n . 3j 13119?2t
il_
building was burned last April with
no insurance and was comparatively
I now. The trustees passed the hat
aiound and the response was liberal,
Hon. J. YV. Ragsdale, Mr. F. A. Burroughs
and ex-Supt. of Education, f>,
H. Brown were among those contributing
liberally.
Maston C. Cook, one of Horry's
most highly esteemed farmers, died
at his home near Conway, last Saturday
afternoon, March Sth. He had
not been well for some time, but his
death was attributed to advanced
age, he being in his 83d year. The
funeral services were conducted at
Pauley Missionary Baptist church by
the Rev. R. O. Hendricks, and the
burial was made at Pauley Swamp
grave yard in the presence of a
laige number of relatives and
friends. The deceased was a member
of Salem Baptist Church and a
progressive farmer and excellent
citizen. He told his loved ones he
was ready tb go. He leaves a widowami
several children to mourn the
loss. ? Forceast.
DESTROY STAUT
TOKILL BORER
Corn growers in the Southeastern
Slates should destroy all cornstalks
and stubble remaining in the fields
from the previous crop befdre spring
planting time comes in order to kill
the larger cornstalk borer which may
be wintering there. This is the recommendation
made by entomologists
of the United States Department of
Agriculture in Farmers' Bulletin
1025, soon to be published by the department.
Cleaning up the cornfields
and thus destroying the breeding
places of the insect is probably
the best remedy known for controlling
this year, the entomologists say,
but to bo most Directive the work
should be undertaken simultaneously
by all the farmers of a locality.
The method employed to dispose of
the stalks and stubble will depend
largely on conditions in individual
cases. If the stubble is cut low and
the land is moderately heavy a
thorough deep plow may suffice, for
a covering of an inch or two of wellsettled
soil is sufficient to prevent
the escape of the moths of the borers.
Fringing the stubble to the surface
v. here it can dry and be exposed during
winter will kill many of the lar
llll Ilil , 1II Ih
i Mis Off
him on whole grain food, E
wasting, it will take a I
ity to satisfy him. A large I
of whole grain 'feeds will I
ted. For strength and agili- E
rse and mule demands that 8
m. iiis r)ouy do equally ieu.
grain food does not give a
Sonic parts of his body arc 8
rs starve. A well mixed sweet
'racked Corn, Crimped Oats,
-^eed Meal and Molasses will
,'ory part of the body alike.
ER-LA WTON
veet Feeds
;orous horses and mules, and
<s saving. Thev are readily
isily digested, furnishing all
a balanced ration; Protein,
nlrates, and developing a fat,
hort-hairod animal. A few
ts advantage. Sell your corn
.awton Sweet Feeds. It will
the long run. Iii stock at
OLLINS CO.,
IWA Yr S. C.
HON FOCI? @?MASTSVIUE,3.c]
Improvement in employment cor
^ (litions during the current week is re
n
ported.
BEAN SEED
ly ninety day velvet bean seed
90 pei' cent that can offer at $8.75
Large number of beans of 1918 crop
.1 i- t i j. rru. ..
(iuc to neuvy rains i?wt ypar, mis
le bushel of these good beans will go
11 1917 Alabama beans. Will have
exhausted so order at once. Ship.
Check or money order must come
minating beans.
REID
Charleston, S. C.
I
\
=======
l vae, but this method depends too s
- much on the state of the weather to
: be entirely effective. Ry far the best j
pian is to remove the stubble from a
the field with a rako and bum it. cl
Rotation is one of the best general
preventatives of injury from the
borer, the entomologists say. Expc,
rlence has shown that where corn
I has followed itself upon the same c
f eld for two or mom years the loss <
, fiorn the borer has been much great- c
, or than where an annual change has v
I been practiced. Upon emerging in j:
, the spring the moths, finding them- v
selves surrounded by young corn, t
, commence egg laying at once, and l
, escape the dangers encountered by
, searching* for another field of corn.
This pest injures corn in two ways.
In tho early part of the season ir
cuts small holes in the unfolding t
haves of the corn, thus checking the !j
ipiant's growth. The most serious j
form of injury chargeable to this i
post, however, occurs late in the sea-1 a
Program for part c
ing Marc
MONI
The brilliant photoplay starM
feature, in her greatest Weste
"TONGUES I
It is a genuine gem of a story a
you immensely.
TUESI
Jewel Presents Mildred Harris,
"FOR HUSBA!
A big dramatic treat for the v/l
MUSIC BY CON
WEDNE
Charlie CI
"CHASE ME
For a good laugh, see it. 10c
- -- i
FRIG
A splendid
WEST
AND 2-REEL L
x This program is
ii
SATUF
i "PINEY
A big Western, and one-reel (
The above Program will pleas
Pictures. Show 7:45, rain <
We thank you for your ]
|
.
THURSDAY,
'| "UNDER FO
j An official War Picture made 1
i ment. 10c and 20c. Don't fc
Seed Corn
Wood's Whlto and Yellow
Dent Seed Corns are all nubbcd
i1 al selected stock of high germl- | j
nation. For the past live B
years our Hellwood stain of I
Jloone County has won tlrnt
prize at the Virginia State i
Fair for best ten cars of white
corn.
Wood's Virginia Ensilage
Corn is one of the best and
largest-yielding varieties for
the silo.
WOOD'S
SEEDS
i- For Farm and Oarden are of
high-grade quality?tested for
both purity and germination.
Write for Catalog and "Wood's
M Crop Special," giving prices of
Seed Potatoes, Seed
11 Oats, Grass andjClover
Seed?Garden Seeds*
T.W.Wood & Sons
SEEDSMEN,
Richmond, Virginia.
am ?B
o
SPECIAL SERVICE.
There will be a special meeting- at,
Hebron Methodist church Sunday,
March 23rd, at 3:30 p. m. Addresses
will be made concerning the Centenary
drive that is now on.
A large attendance is expected.
Rev. \V ,H. Perry.
m A. E. Goldfinch, I,ay Loader.
%
ton, when the borer tunnels into
talk near its base, weakening the iH
>lunt that any unusual strain such iH
m a heavy wind will break it and H
lestroy ull chances of maturing. H
INSPECTOR HERE.
Dr. W. K. Lewis, Inspector i|
barge of Tick Eradication work in^^|
South Carolina, will be in Conway ]H
n March 21st. 1919 to see how the
tork is progressing. Anyone wishng
to interview him relative to that 'll
vcrk or anything appertaining to
he dipping* of stock, should sco him |[
iere in Conway on that date. II
?Dr. C. Hodlcy, C
State Cattle Inspector. 9
o 9
Dr. L. A. Riser, director of county H
icalth work in South Carolina, has Jfl
men busily engaged since tho-^k&d- I
c.uramcnt of the legislature in mak- |fl
ng efforts to secure outside aseist-^^H
nice in carrying on his work. f I
>f week commenc- 1
rh 24th. 1
DAY I
arie Walcamp in Bluebird.^1
rn play I
3F FLAME" I
;nd play, and it will entertain I
DAY J
now Mrs. Charlie Chaplin, in
m ONLY"
lole family. 20c and 30c
WAY BAND
SDAY
laplin in
CHARLIE"
i n.n H 9 ft o. i
?
lAY
high-class (h
CRN
-KO COMEDY
sure to please
{DAY
RIDGE"
Uomedy. 10c and 20c.
;e everybody. All high-clas
>r shine.
patronage.
APRIL 3RD
UR FLAGS"
by the United States Govern
til to see it. I
HELP FOR INCOME RETURN^.
Mr. Herbert A. Home, Deputy Income
Tax Collector announces that *
lie will be in Conway Thursday afternoon
(this afternoon) and also
through Friday, and will be in Ma- #
rion on Saturday, for the purpose of
taking Income Tax Returns. i
There will be no penalty levied on |
Returns give to Mr. Home at that
time, but the regular penalty of 50
pel cent, additional tax will be incurred
if the Returns are made After
than that
II 11
11 HOLDERS OF II
" LIBERTY BONDS
I are advised to hold them. If you
must sell, deal only with responsible
bankers. We
Buy and Sell
LIBERTY BONDS j ~
All Issues and Denominations. I
Write us if interested. I
TRUST COMPANY OF GEORCIA I
Capital and Surplus, $2,000,000 I
(Member Federal Rooorve System 1
* ATLANTA, OA. ^ I
/