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The Causes of the Present
The situation, so far as it regards
agriculture-and it is agriculture
which has been hit hardest-may be
summarized in a few words:
1. Tho poverty of Europe has se
riously crippled the market for our
. goods. The latest figures we have on
the depreciation of foreign money
(October 21) show that the English
pound, formerly worth $4.86, Ameri
can money, is now worth only $3.46.
The French franc, with a pre-war val
ue of 19 cents,Js now worth only 7
cents. The Italian lira has declined
from 19 cents to 4 cents, and the
German mark from 24 cents to 1%
2. The Federal Reserve situation I
we have already discussed. We need
men with a better understanding of
agriculture on the Reserve Board.
We also need a more consistent Fed
eral Reserve policy, instead of an ex
tremely lax policy one year followed
by a severely strict one the next
3. For Secretary Houston's place j
we need a man less ultra-conserva
tive. Able man that he is,- he is bound
by ancient precedents. McAdoo knew
how to meet an unprecedented sit
uation in an unprecedented way.
Secretary Houston is precise, formal,
and regular in a position where elas- ;
I ticity and vision are absolutely es
4. Agriculture has never had a
' square deal in the management of j j
' the country's finances. Money is ten .
times more readily available for fi
nancing manufactures and commerce ,
than for financing agriculture. The' (
Federal Farm Loan Board must be j
put to work again as soon as the Su- .
preme Court acts-put to work with r
whatever adjustments may be req?ir- :
ed to make it fit the -court's decision, j
But this is not enough. Some plan for i
short time credit must be worked *
out. Mr. Lever's plan to have the
Federal Farm Loan Board issue se
curities based on warehouse farm j
products is the best idea yet present- j
ed in this line. Every farmer in ,
America should help him work out ,
this plan. The war finance corpora
tions shyuld also be revived. N
5.Many merchants are not co-op- ]
crating as they should in meeting the
situation. They were perfectly will- j
ing to mark up goods on their shelves .
when war forced prices upward. (
Many are not willing, however, to j
mark down goods on their shelves, c
now that the war's ending has forced j
prices downward. ?We heard a day or x
two ago of a merchant who had shoes j
on hand when the war came in. He I j
had marked them up at a profit. -\
Shoe prices rose, and he marked ^
them up again. Shoe prices took an- ^
other rise, and he added another
profit. Yet while making three profits I,
on the shoes then sold, we doubt
whether he is willing to lose one h
profit on what he now has on hand. t
Such action on the part of the retail- _
ers is delaying buying and is also ?
foolish because it is driving trade a
from retail store s to mail order ?
houses. The cotton farmer lost out in t
1914 when war began, and now in r
1921 he. has seen crop values cut I
66 2-3 per cent. Retailers should r
count up the extra profits they made t
in war times and be willing to share f
some losses with customers now. h
6.Manufactures who made such lt
enormous profits a year or two ago '
should also be willing to keep run- ?
ning at some loss now rather than 1
throw employees out of work and I
temporarily destroy the farmer's c
market for his crops. Unfortunately, t
however, manufactures have been t
tempted to shut down and thereby h
both get cheaper cotton and also have I
an excuse for a hoavier cujt in wages e
of employes.-Progressive Farmer. 1
What Wages Does the Cotton
The Farm Development Bureau of j
the Memphis, Tennessee, Chamber ]
of Commerce sends out a blotter on 1
which the following facts are set ]
forth: . j
"Facts for farmers and merchants:
The South's annual cotton crop aver- j
ages 12,000,000 bales-produced by
2,000,000 families. Average family j
is man and wife and three children, i
equals three hands. Average family j
produces six bales. Three bales of
cotton goes to pay land, rent, feed i
bills, feritlizer, etc. Three bales are j
left or one bale for each hand at 40 :
cents per pound, or $200 per bale. |
This will allow each farm hand $16.- :
65 per month. The average appropri- j
ation for a pauper at the county
farm is $25 per month. Think it i
We believe the facts are as stated, |
and yet, for the soils and climate of
the South, cotton is our best farm i
or field crop. If we had been com
pelled to live by the growing of corn
or wheat or oats, each farm laborer
would have to get along on less than
$16.65, much less. In fact, if these
figures are correct, each farm hand
before the war, received less than $5
a /month from the cotton crop. This
is not all he received, for he has
grown some other things, and has
also got a part of the rent from the
landlord through day wages and oth
er sources; but, at best, the state
ment shows that the South has always
made cotton for the world on star
vation wages.-Progressive Farmer,
How to be Healthy.
If you would enjoy good health
keep your bowels regular and your
stomach and liver in good working
order. This is easily done by taking
Chamberlain's Tablets. These tablets
strengthen the stomach and regulate
the liver and bowels. They are easy
to take and mild and gentle in effect.
They only cost a quarter..
45 cents Kimona Outings, beauti
ful patterns, now 25 cents.
Wilson Awarded Nobel Prize.
Christiania, Dec. 10.-The. distri
bution of the Nobel prizes was made
here this afternoon. The principal
awards- the peace prizes for 1919
and 1920-were given respectively |
to Leon Bourgeois of France and
Woodrow Wilson, president of thp
The peace prizes were presented
in the storthing during the after
noon at a ceremony which was shorn
of all ostentation. The literature
and other prizes were delivered this
evening in the Academy of the Muses
in the presence of the royal family.
The document presenting the
peace prize to President Wilson and
the Nobel medal were received by
Albert G. Schmedemann, the Ameri
can minister to Norway, who read a
message of thanks from President
President Wilson in his letter ac
cepting the Nobel peace prize, said
that if this were the last peace prize
to be offered he could not accept
"for mankind has not yet been rid of
the unspeakable 'horro/rs of war."
In the years to come, the president
added, there will be "abundant op
portunity for others to distinguish
themselves in the crusade against
hate and fear and war."
"In accepting the honor of your
award," said the president's letter,
"I am moved not only by a pro
found gratitude for the recognition
of my earnest efforts in the cause of
peace, but also by a very poignant
humility before the vastness of* the
work still called for by this cause.
"May I not take this occasion to
express my respect for the farsight
?d wisdom of the founder in arrang
ing for a continuing system of
awards? If there were but one prize
ar if this were to be the last I could
lot, of course, accept it, for man
kind has not yet been rid of the un
speakable horror of war, I am con
nnced that our generation has, de
spite its wounds made notable pro
gress. But it is the better part of
wisdom to consider our work as only
jegun. It will be a continuing labor.
in the indefinite course of years be
fore us there will be abundant op
portunity for others to distinguish
;hemselves in the crusade against
late and fear and war.
"There is, indeed, a peculiar fitness
n the grouping of these Nobel
iwards. The cause of peace and the
:ause of truth are of one 'family.
Sven as those who love science and
lev?te their lives to physics or chem
stry, even as those who would create
lew and higher ideals for mankind
n literature, even so with those who
oye peace, there is no limit set.
?Vhatever has been accomplished in
;he past is petty compared to the
flory and promise of the future."
Minister Schmedemann said in his
"The honor bestowed on President
hilson is of significance and ofrthe
ltmost satisfaction to me. To have
he privilege of accepting on behalf
>f the president the evidence of his
ippreciation of his ,effort to replace
liscord with harmony by appealing
o the highest moral forces of cxeh
?ation is an event to be cherished. \ .
Ie, perhaps ?s much as any public
nan, is conscious of the fact that
he time is past when each nation
:an live only unto itself. His labors
lave been inspired with the idea and
he hope , of making peace universal.
lit is impossible to make a proper
istimate of President Wilson and of
lis great work for international
leacfe until time has revealed much
>f that which for the present must
>e a sealed book. ... No more fit
ing word of appreciation could be
voiced than that contained in the
resident's message which acknowl
edges the great honor conferred upon
Take Chamberlain's Tablets as
soon as you have finished your sup
per and they will produce a gentle
novement of the bowels on the fol
owing morning. They will also im
Drove your digestion and make you
[eel belter in every way.
6:55 a. ni.'..
8:40 a. rn...
10:40 a. m._.
8:05 p. ra.-.
For additional i
G. w: CARTER,
Dist. Pass. ?
CLEARANCE SALE OF
Ladies' and Misses' Hats and Lids
for Kids at Your Own Price
We must make room for our Christmas
goods-Dolls and Toys and things to make the
little folks happy.
GIVE US A CALL,
Norris Millinery Company
v . JOHNSTON, S. C.
FOR A COMPREHENSIVE LINE OF
JEWELRY and SILVERWARE
Suitable for Birthdays,'Weddings. -saries or Pres-*
entations, it will prove to your in ter e. u onsult
JAMES ALLEN & COMPANY
285 King Street Charleston, S. C.
65 years of satisfactory service is our guarantee.
\ Catalog on request.
Large Stock of
Jewelry to S?lect From
We invite our Edgefield friends to visit our store
when in Augusta. WV have the largest stock of |
CLOCKS , I
CUT GLASS I
AND SILVERWARE S
of all kinds that we have ever shown. It will be a pleasure to show o
you through our stock. Every department is constantly replenished g
with the newest designs.
We call especial attention to our repairing department, which has 2
? every improvement. Your watch or clock made as good as new. J*
I Work rea^y for delivery in a short time.
I A. J. Renkl
I 980 Broad St Augusta, Ga.
and Departure of Passenger Trains
Edgefield, South Carolina
ern Railway System
.Trenton and Columbia._.9:45 a. m.
.Trenton and Augusta._.7:50 a. m.
.Trenton, Aiken, Augusta, Columbia, Wash
ington and New York._._.2:00 p. m.
.Trenton, Columbia and Augusta.9:00 p. m.
nformation communicate with Ticket Agents
J. A. TOWNSEND,
Ligusta, Ga. - Edgefield, S; C.
AUGUSTA BEE HIVE
+ is showing Fashions Latest in Millinery
I LADIE' READY-TO-WEAR
J that fit both purse and figure *
* SHOES for the entire family at pre-war prices. ?
* One of the best assortment of MEN'S SUITS to be *
I found in the city. / *
I CLOTHING for the conservative as well as for those t
% who demand fashion's latest *
WE CAN SAVE YOU MONEY ON I
J 972 Broad Street Augusta, Georgia |
EVERY DOLLAR SPENT WITH US
The Augusta Bee Hiye
ARRINGTON BROS. & CO.
Wholesale Grocers and Dealers in
Corn, Oats, Hay and all
Kinds of Feeds
Gloria Flour and Dan Patch Horse Feed
Corner Cumming and Fenwick Streets
? . On Georgia R. R. Tracks
YOUR PATRONAGE SOLICITED
See our representative, C. E. May.
Get Our Drag Saw Prices
We have a high power, fast-cutting outfit, forced feed-a complete
power plant in itself for sawing logs to any length. Does the work of 6
to 10 men. Lever control of blade while engine is running.
Send for Engine Catalog
Showing Gasoline Engines 2 to
12 H. P., Power Saw Rigs and
Drag Saws, all equipped with
Bosch High Tension Magneto.
Columbia Supply Co.
823 Gervais Street
Starts and Stops Saw roTnMMA <? C
Lever Control COLUMBIA, S. C.
The Best Foundation
* Are your financial affairs founded upon the solid
rock of stability or are they resting upon the sands of
Upon the answer to this question may depend
your future welfare. Do you keep your funds in a
reliable bank like ours, where every safeguard is used
to protect them? Or are you carrying your money
around on your person, where it it subject to loss?
Or is your money hid in your house, or buried some
where? How foolish! How dangerous! The place
for your money is in a reliable bank like ours, where
it is safe, but subject to check.
The Bank of Trenton, S. C.
All checks drawn on The Bank of Trenton can be cleared free of ex
change through the Federa'- Reserve Bank.
B. B. RUSSELL, JR. R. E. ?ALLEN
RUSSELL & ALLEN
857, 859 and 861 Reynolds Street
Bonded Warehouse. Liberal advances on cotton in storage
Correspondence invited and consignments isolicitedi
.gel;?- : ;>* : w i*< : ?<;; ><;*< gggg m : yr; ag : mzm : ji p
BARRETT & COMPANY