The watchman and southron. (Sumter, S.C.) 1881-1930, November 06, 1920, Image 6
SSSo THE SCHWARTZ STORES
ormore WILL DO THEIR PART
I SAVE
$12.50
or more
TO BUY COTTON AT 2 l-2c PER LB. HIGHER THAN MARKET PRICE
Which means that we will accept your cotton, basis middling
or better, in exchange for our merchandise or on account, and
allow you 2 1-2 cts per pound better than the highest market
price on day of trade. This offer is to the entire public and
holds good until further notice. Save $12.50 or more on every
bale of cotton and select from Schwartz merchandise
I _
SCHWARTZ BROTHERS
RULES AMERICA
Jlepublicart Theory of Govern
sasnt Of and By the Bosses of
Industry and Finance Para?
mount
PEOPLE TURN AGAINST
TRUE DEMOCRACY
? Verdict of the Ballots
Leaves No Doubt As to What
the Majority the People Think
They Want
New York. Nov. 3.?Tim eres? <?f
tto JetRubhcau election wave, both
presidential and congressional, ron
tmard rising tonight aa belated re
litrmm Uttered In.
Among new Democratic- casualties
ISfkfe defeats of Representative Champ
flark of Missouri, former speaker
agd present Democratic lead/ r in
the honae; election uf Republican
ropfroMnatn from Texas, re-election
a Republican senator from MIs
. and a sadden Jumu of Sena
Itardtag Into tbe leih in Okla
sSa? ' Another border state. Ten
neaaee hung by a narrow margin but
the Democrats were leading.
A Republican senate majority oC
?Hout tan. aa compared with but two
et v>r?e*nt. and a -house majority of
afwand ItO, aa against 40 odd were
other forecast* of the overwhelming
Majorities.
With about right states still in tie
doubtful list in presidential and sen?
atorial contests, the huge majority
\XM* assured Senator Hardlm? of at
beast Iff electoral votes, with (lover
nynr Cos carts in of 127 and all
the "Solid South.' In? luding Ken
ustky. The Republicans today ad?
ds* Idaho. Maryland and 8?'uth in
kola, to their string, on the ?.r
large majorities, and of the remain
lag states the lie publicans were re?
ported leading In Oklahoma. Art/
.vasstnirl, Montana. Nevada and N.-rtU
i ?akota. Democratic margins In New
Mexico end Tennesee? were reported
Among Republican senator
tn hard contests wer? Lenroot of
ipgdWdS. who wag opposed vigor
t.r Senator Im Follette. Spen
of Missouri, who defeated Dr<
ge l<ong. forme> ?mm Intent St
of state, add Jonen of Wash
^ aettakte commerce committ?-<
an. Hena'or Phelan. DteBO
gl? was defested by Hamm I
rtrldge. Republican, and Hemt
th Democrat. Maryland, a
|ejft t<* 0 **? Weiler. Itepuh
oator Niigent. Democrat.
3 defeated by Former C<\
?S
Snrdurk .it Marion i
%Mtn\m of congratulation
MS Southern vacation
Among his im - was a brief one
of congratulation from OOVcmor <'ox.
Another presidential candidate, Par?
ley 1'. Christensen, of Ihe Farmer
l-abor party issued a statement de
daring that the election spelled ellm- !
Inatlotv of the Democratic party. Ho (
predicted a rout of the Republicans !
by his organization in 1914.
With majorities piling up in what
Democratic leaders sold was a
-ad? mn H fei endum" upon the
league of nations. President Wilson
withheld any comment. Uainbridgc
Colby, secretary of stato expressed
disappointment. Senator Johnson of
California, leading "irreconcilable,"
stated that, the el ctlon meant the
end of the league ami another. Sen?
ator lteed. l>em>cra?. Missouri. de?
clared that the light upon i the
leagirn was a "tragic mistake" and
had split the Democratic party.
Defeat or former Speaker Clark
was one :>f tho election surprise!. He
has served in the house continuously
?JnCC 1 H7 .i^ me of the Democratic'
stalwarts and receiver, a majority of
votes tor tho presidential nomina?
tion at Baltimore when President
Wilson was chosen. Ho probably
will be xmeecthd OS minority lead?
er by Representative Kitchin. Den o
erat, North Carolina. Representative
<'lurk's victor was T. VY. Hukriede,
who has l*en active in the Missouri
P.epuhlicuu organization. ?
The Republicans broke into tho
solid I) itic congressional delega?
tion In Texas through the defeat of
Repreaentatlve lies ol San Antonio,
a relative, of Postmaster General liur
leson.
Another bnirx riitir veteran, llep
resentative J. W. Kamey of Illinois,
also weal down to di feat.
The Prohibition party w ill be with- j
out formal represi ntstlon in the nex? |
roiiKi eMS, Kepresentat ive Kamh ll of
California* lone Prohibition m< mber
having been defeated.
The Soeialist party. however,
again will hftVe a member. Me.-er
London from New York city. Ho
won over Representative Goldfo: le.
Democrat. who deflated him Two
years ugo. Former Representative
\ letor Barver, Mllwaukos, Boclallst,
was defeated by Pepiesentative Staf?
ford, Republican,
Repr?sentative Moi dell of Wyo?
ming, house K- puallcan leader, wall '
re-elected according to late returns
tonight and probably will contPiue
In his position.
With Republican candidates lead?
ing in several states, thv- lte| b
llcann were certain of a gain of Mil 1
senators from California. bin no. j
Maryland and South Dakota. In he '
house the Republicans had scored a
net gain of more than 80 Am ig '
their gains were the followlt.fr: J
California. three. Illinois. two; ?
Maryland, two; Massachusetts, tv o;
New Jersey, four; New York. . ix; *
Ohio, six, Pennxylvar.ia, live and two '
In I'tah. The Democrats' took th ee 1
neals in New York from the Repub?
licans.
A Democratic casualty was the '
election of Nathan L Miller, Repub- 1
llcsn. to succeed Gov. Alt" Smith of '
Mew York, who ran far ahead of the t
Ooa>Hooaevelt vote in the Empire, 1
??tute. ,'J
In the presidential li^ht tho re- l<
i
turns showed that the Cox-Roose?
velt ticket had lost at least nine
otatc-j which President Wilson car?
ried four years ago?California, Col
orado, Idaho. Kansas. Maryland. New
Hampshire, Ohio, Utah and Washing?
ton.
Twenty-nine states, regarded front
the wealth of Republican majority as
assured for the Republican presiden?
tial ticket, wore: California, Colo?
rado, Connecticut, Delaware, Idaho,
Illinois, Indiana, Iowa, Kansas.
Maine. Maryland. Massachusetts.
Mh higah, Minnesota. X e b ra s k a,
New Hampshire, New Jersey. Now
York, Ohio. Oregon, Pennsylvania,
Rhode Island, South Dakota. Utah,
Vermont, Waahlngton, West Virginia,
Wisconsin and Wyoming.
In the Cox column were: Alabama.
Arkansas. Florida. Oeorula, Ken?
tucky, Louisiana. Xi i^isippl, North
Carolina, South Carolina, Texas and
Vkfglnla.
Stairs from which returns tonight
were Incomplete were: Arizona, Mis?
souri. Montana, Nevada, New Mex?
ico, North D ikotu, Oklahoma and
Tennessee.
Average Cotton Prices
Ksrshaw, Anderson, Aikcn and
Edtfefield High
Clemson College, Nov. 1.? Report:;
from the official cotton graders of the
extension Bervlco ant' the bureau of
markets show a more uniform average i
price for cotton on tie various markets
than has been the case tri previous*
weeks. Following are the average
piic<s for Btrlct middling and mid?
dling:
Cp countr) markets?Westminster,
strict middling 20, middling !'.?; York,
??tint middling J9.89; l^aurens, strict
middling,! 979, middling 19.50; Ander?
son. stiU t middling L'O.'jr,; Cumdcn. j
strict middling !!?.D4. middling 18.25; ;
Kershuw, strict middling 20.25, mid?
dling 19.75.
Low country markets?Alken, strict j
middling 20.54, middling 19.66; Edge
held, strict middling 20.19; middling <
19.01; Orangeburg, strict middling L't), I
middling 19.04; Manning, strict mid- |
tiling ID..".7. middling ls.:i7; Dennetts
villi*, strict middling 19.91. middling
18.91; Columbia, strict middling 19.;?;?. I
middling in.Dillon, stticl middling
19.90, middling 19.10; Uishopville,
middling 18.J&; Slimier, stritt inul
rllitig 18.91, middlinp ls.:'.T.
In the up country group of markets'
Ihe Ker haw am' Anderson markets
wer? tin- highest uvcriigo for Ihe week
tnd In the low country group Alken
ind Kdgefleld markets had the high
?st average for the week.
The reports continue t<? show a
drong ami Increasing Ulsposltlon to
tuhl cotton until market conditions
mprove, i
Premium In-'? of the Humter Coun- !
y Fair may l?t> obtained from gee
etat3 Iteardon of the Chamber of
'ommerce. The prise list iias been
?radically doubled this year over I
or met years and it is hoped that the
treat premiums will induce n much
11 ger number of exhibits,
BANKER'S COTTON
EXPORT COMPANY
_ I
Southern Bankers Meet in New
Orleans Saturday to Form i
Corporation to Finance Crop |
_
BANKERS TO AID FARM?
ERS' EXPORT CORPORATION
L
Corporation Wil Have Capital of
Twelve Million Dollars of
Which One Half Will Be Paid
In /
Columbia, Nov. i ?J. Pop?? Mat -
tlirws, president of the Palmetto Na?
tional hank, leaves this afternoon for
New Orleans where ho goes to meet
with other Southern bankers for the
purpose of organizing a corporation
???hieb will have for its purpose the
financing uf cotton exporters.
The project was launched at. th" ?
recent meeting of the American Hank?
ers' Association dn Washington, and
Itohert P. Maddox, president of the '
Atlanta* National bank, was appoint-]
cd chairman of a committee to carry
out the project. Mr. Maddox has
called th<? <*mectinT for Saturday
morning in Now Orleans, ami Mr.
Mall hews goes to the meeting as a
member of the organization com?
mittee. Other bankers of the state
have been invited to attend the meet?
ing in New Orleans.
This corporation will he an aid to
the export company which Ex-Oo\
ornor Manning is organizing under
tin auspices of the American Cotton
association, and the purpose of the
hankers is to aid in financing this
and all other exporter.',.
Mr. Maddox. recently, in explain?
ing the purpose of the bankers said.
"We propose to form a corporation
with an authorized capital stock of
&12.000.000. This represents $1 ntP
halo for the estimated cotton pro?
duction. Tin1 stock is to he prorat?
ed among the cotton states accord?
ing to start business with a0 per
tent, of the stock, amounting to $6,- |
aefj.OOO, paid in. This would enable
Hie corporation to handle $00.111111,000
worth of paper.
"The corporation would ant engage
in tin* business of buying cotton
here and selling it abroad. Its busi?
ness would he to handle th paper
taken by cotton exporters id payment
lor cotton which they bought here and
would not interfere at all with the
export corporation (or company)
which South Carolina business men
ere undertaking to organize under
the auspices of the American Cotton <
association. That company proposes i
10 buy cotton here and sell it abroad, s
1 s I understand ily*plans. The flnan- ]
^.ial corporation which we are n
proposing to launch with South?
ern banking capital would bo a help
to that company and to all other con?
cerns engaged in the es port of cot?
ton.
"Not only would the corporation,
he prepared to handle paper repre?
senting exports of cotton, but >?Dlso
paper representing exports of any
other raw product of the South, as
well ns manufactured products of
the South.
"The time has come, in my judg?
ment, when we have got to push our
exports. There has her n a suggestion
of a great national exporting corpora?
tion to finance all exports of whatever
kind from nil parts of the country- I
do not believe there is sufficient na?
tional cohesion of interests to bring
it about. What appears to me to be
more suitable and useful is a number
of smaller corpoj*atons organized in
the different sections to handle the ex?
ports of their particular actions.
Thus, in the south an export corpor?
ation established primarily to handle
the cotton exports, with the financial
capacity to handle other exports as
well.
"We have in the south the capi?
tal necessary to handle our products
in a big way on the markets of the
world. It will strengthen us im?
mensely to help ourselves."
The Sumter Creamery will he in
operation within a short time. There
has been some delay in securing a
suitable building, bu* this has been
practically arranged and the machin?
ery is here for installation.
LUMBER
Flooring
I
? lumber || building El hardware
^"mliHiiirf, Saws, ATpKl AI Plw Brick, P AIMT^
1 raining Lumber, Hatchets, Iflil 1 iilllilLl l ire Claj, 1 fUll 1?
ltcvl (tdar Shingles, IIa miners, Sewer Pipe, A?I O
Pine and Cypress Shingle*. Door Hangers, Stove Flur, I 111 ^
Metal and Composition Shingle*,Carpenter's Tools, Terra ''ottn Thimbles V/IJLO
Doors, Sash und Blinds, Paint Brushes, Mortar Colors and stains
porch Columns and llallustcrs, Paints and Oils, Water Proofing Mineral
Beaver Hoard. Inside Decorations, Corrugated Metal Hoofing
Valley Tin and illilge Holl, Calsomlnes and Cold Water Paints.Asbctos and Composition Kating.
WIRK FKNCZNG, IKON AND WOOD POSTS jf
EVERYTHING FOR THE HOUSE r
\
Booth & McLeod, Inc. I
SUMTER,! SOUTHSCAROLINA i