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Farmers, Merchant Fight for Tweh Twelve-Cent Prices Are Ji mands, by Crop Outlook, Country, and by Oppori the Federal Reserve Sys $250,000,000 to the Sot (I ty Clarence Coe, IM li tor ' I heg space in your columns. Mr. I CMitor. to pre sent a subject of the | utmost importance io all our South ern country. There is no doubt In most thoughtful minds but that the South's cotton crop is going to be worth $750,000,000 to thc men who own it next spring, but lt ls worth only $500,000,000 to the producers al present prices and it is to save to Soul hern growers and to our Southern country this extra (ptarter of a billion dollars that the united energies of press and people should now be directed. The fundamental facts seem to me lo bo (lear: 1. Colton, even though the new crop of 1015 has started coining on the market, is still selling on the basis of prices fixed by last year's I 7.000,000-bale crop. 2. These prices must soon he ad justed, however, to lit the conditions ol a 12,000,000-balu crop (or prob ably only a 1 0,000,000 or ll .000, (100-bale crop), and this adjusted price ought at the very least to reach II' cents u pound for middling. As briefly now. as ( lear argument will permit, I wish to point out and emphasise the truth of these state ments. I.-Thc World's Demands Justify Twelve Cents. Assuming even a 12,000,000-bale yield of Southern colton ibis year land it will probably be less), this year's world production will he 3,000,000 babs short of the world's conservatively estimately consump tion during the coining twelve months That is lo say. the world will consume every pound of this year's crop and 3,000,000 bales of the present surplus. Secretary Hester, of the New Or leans Cotton Exchange, estimates last year's Southern producion (not the comemrcial crop) at 17.004,000 Vow what happened with his bum per I 7.000,000-bale crop in sidle of all the demoralized conditions nf trade and Huntlee the crop of which il was said last fall wc should not ox I ort 1,000.OOO h.lb s? The tai ts are thal the world used so much of ii thai the teta! world's visible supply of all cotton m mid-summer this year w as only *?.-135,1 US bales against fi22.27li bales a year before, in oilier words with a I 7.OOO.Ouu-bale South ern crop io handle, |he world's visi ble supply increased only 1.'HUI.non bales. What is going to happen this ?ear then, with thc South offering fi,000,000 or 0,000,000 bales loss and the production of other countries also decreased' And this query brings me to another point: ll.-The World's Crop Prospect* .lustily Twelve Cents. W. H. (). Harding, of the federal Reserve Hoard, early in the summer secured reports from consular din - Hals all over the world indicating a total cut in the world - cotton crop this year of 5,000,000 bales. Egypt .md India reporting "radical reduc tions in acreage." since that lime the prospects have further declined. Hut even if wc accept this early over-estimate of the crop we sc.- that if last year's crop, being 5,000,000 bales bigger than this year's, vol in crease?! the surplus onlv 2.000,000 l?ales, tien this year's crop will leave a ;;.000.000-bale deficit to he drawn I rom the s?i rpi na. The facts are, however thai pven a I .'.nun nun-hale est ?mate for Ibo South now se.-ius too high. This is liol slmpl.V my View, but the view o'" ii.any experts, including so conserva tive and com pete? I an authority as the Now York Journal of Commerce, which has ins! declared thai in view <>:' present conditions, "thc yield seems likely lo Ix- nearer lo.ooo,ooo than 12,000,00(1 l?alos." And now comes Hu- Wall Street lournal Itself (ploting Wm. s. Halliburton ol Dak iel O'Dell .v Co., as saying: "Thc current .-.cason s crop may he as Iow as 10.500,000 bales. li is entirely w.ihin the reach ol present condi tions that we shall sec l2V6-cont cot ton before the end of ihe season " These two authorities base their estimates chiefly on condition reports from all over the South, bul might have added the further tesl inion) that thc South cut its fertilizer con sumption this year from 1,431,000 tons to 2,030,000 tons almost in half .and the effect of this cut will probably make itself most evident s, Bankers Should re-Cent Cotton. istif?ed by the World's De by Financial Condition of tunities Now Afforded by tem-A Campaign to Save ithern Cotton Growers. l in* Progressive Farmer. ) from now on ?is closer scrutiny is given tlic Uniting of the crop. The reader can easily see for him self, therefore, that il we have only a I e.nun,nun-hale crop, the factories Of the world would utterly drain the market dry. leaving it subject to such conditions as occurred a few years am? when speculators carried prices to 17 and lill cents a pound. And now having pointed out that 12-cent prices are justified because the 1915 crop is certainly :i,OOO,OU0 omi possibly 5,000,000 bales short of the world's demands, meaning that factories and munition iactorles will consume all the present yield with thc greater part if not all the world's visible surplus. I also wish to call attention to the fa."*! that III.-American l*ros|ierity .lusthies Twlevc Cents. The American Bankers' Associa tion has |usl been meeting in Seattle. Wash., and what was the message that the president of this great or ganization of financiers brough! the country'.' ile predicted, says a press dispatch, that "an almost unbeliev able prosperity is rushing on the na tion." or to (|Uote his exact words: "When hank reserves, which are greater now than they have ever been in the history of the country, are distributed, the nation will enjoy almos) unbelievable prosperity. The volume of money on hand is so grea' that it cannot ?ind a natural outlet. The movement of the tremendous crops, with the attendant financia] activity, will still further increase the hank reserves." And manufacturers are no less op timistic than hankers. The Factory Magazine, of Chicago, recently took a poll of 103 Eastern and Middle Western manufacturers as to thc prospects for business in the fall Porty, or practically one-fourth ol Another point not to he overlookei i 8 I c.-The New Federal Keserve Ad Insures Hotter Cri?es. President Hirsch, of the Texni Hankers' Association, told the bli Cotton Slates Conference ol' South ern bankers in Calveston: "For t lo li cst time in tile history ol the South gen tel men, the Southern batiken have the financia] ability to marke gradually this crop, li would a!mos appear as ii thc Federal Reserve \. bad been drafted for the benefit <> Southern producers." inst because the reserve ?iel doesn't give the farm er.-; all the help they need just be cause it doesn't take the place, no profess to take the place. of th? much-needed rural credits legisla Hon is no reason for denying o minimizing the great advantages i does offer. The federal reserve system doe enable the hanks n the South wher money is needed, to draw upon th great reserves in other sections fo making loans on the colton crop; o as Mr. Harding, of the Federal Rc serve Hoard, officially says: Hanks have now ample fncilitie which they have never IK* fore en joyed for rediscount!ng the note taken against such loans, and ll i for them more than for any otho agency, to determine 'he po'icy o the South in regard lo the mnvketin of the present cotton crop." And Presiden) Wilso'., in a lette ' o Mr, Harding, writ es : lt is evub-nt from what yon to me. thai the country banks wit whom the farmer and other prodlli ors directly deal can get money ; from lour 'o tour and a half p< cent. ... I think that we can coi fldently expect that the banks in th cotton States and in 'he agi':eultur? regions urononilly will conten: 'hen selves with a rate not more that on or two per cont above the ra'e whit t hey t h c II i sel v es pay." lt is up io the banks to justify th faith expressed by thc head of tl n.C ion. And the crop can be warehouse Mr Harding points out thal 6VI last fall the South had fad ties f< storing ll.577.4C5 bales, and thei facilities have been greatly increas< since then. The nex' thing I probably ought say is V.-Twelve-Cent Prices are .1 ustiflc Contraband or Xo Conunilmnd. Of the 8,543,00,0 bales of Ame) can cotton shipped to Europe In the fiscal year ending July 31, 1915, only 212,000 hales went to German ports. Of course, there was more that went indirectly to Germany, but we must remember that a considerable part of Germany's normal demand for cot ton was exported to Germany's for eign trade and '.hat this trade will now he supplied hy other count i rcs. Thc contraband order must almost he termed infamous if England does nothing to compensate us for trying to make Southern farmers bear her burdens, but in any case '.o offset the contraband order we have (1) the greatly increased demand for cotton for war purposes, (2) the increased demand for American. English, and continental factories that must sup ply the trade formerly supplied by German mills, together with the fact t :; i that Germany is almost sure to buy and stine up cotton right here in A neri'" to hold until sea trade is re opened. Even with the contraband order in effect, therefore, 12-cent prices are amply instilled, whereas with open seas to all Europe, cotton would likely bring 14 or 15 cents. An able ami eminent committee on arbitr?t!.unlit no be named ut once by Engalnd and America, to make tl lair mid just estimate of tho dani age in price per pound resulting from Gie "orders in council" and contraband order, ami England should then '?e required io pay this amount IHM* pound as a bonus to every American cotton producer this fall. ! confidently believe that if Eng land sliou'd change her contraband rules -ai as lo inflict corresponding injury upon any strong American manufacturing interest, some such set Genien I would be required; and Southern farmers should rise up and demand that the same recognition be ui\i o an agricultural industrv as would he niven a manufacturing in dus) ry. The practical lesson clearly taught by present conditions then is VI.-Earilier* Should Mold for Twelve Gents anil Hankers Should Help Them Hold. Of course we must be reasonable. Don't expect bankers to lend on cot ton not sloted or insured, nor ex pect them to lend the full market value. Land-owning farmers ol good character who have been depositors in banks, however, will frequently be abb' lo borrow without such restric ? , local banks will do. I.asl year it was repeatedly stated bj die minor ity of bankers who were willing to lend money on cotton, that f< w farm ers applied for snell loins. Let liol that be said Ibis year. ve must keep the crop from being rushed to mar ke, at present prices, and that means that farmers must avail themselves nf all thc co-operation afforded by banks for many owners tmtst have advances in order io meet pressing obligations. And let every farmer remember this: lt hurts prices just as mindi for your neighbor's crop t<? be rushed to marked as for your own crop to he. Consequently wc should have neighborhood action every where, with the stronger farmers and plantation owners joining to help the weaker OIKS to hohl, grade, ware house and sell together. Only by the most thorough-going co-operation of all forces can we save to the South the full quarter of a bil lion dollars of hard-earned wealth that will otherwise go into Gio hands of speculators and foreign aterests. Xor must we fail to realize that the worst and most dangerous hear" of all. the man we have most to dread right now. is not the Wall Street speculator-devil who has been so of ten cursed and denounced, but 'the "iM-ar" tanner right here in Hie South who is willing to prove traitor to the cause by offering to give away the crop at prese nt prices or the "bear" merchant or "bear" banker who forces him to gell. Yesterday morn ing's report of the New York Cotton Exchange, for example, announced that price's would have co.:,. higher the dav lie fore lint for the fai i that - ' Some of the leports received from Georgh md Alabama predicted that larine vould sell freely al s cents." And again in the earlier reports of the New York Cotton Exchange just two days ago wc al... read thal prices would have gone higher but "there was more Southern selling." I'our Final Suggestions. Lei me conclude this argument for 12-eonl prices with four specific sug gest ions : I. Let press and people spread the news thal the crop is really short certainly J',,OOO,OOO and possibly 5, 000.OOO bales short of thc world's needs. I Hold for 12 cents without bor rowing if you can. Hm remember "It is committing business suicide" to re fuse io borro v Sf v()u thereby hold your crop. ;;. \ot only should .inion bring The European V io Killed, 46 Wounded. London, Sept. 8.-Ton persons were killed and 4 0 wounded in the (?ernian air raid on the east coast of longland last night. The official account of the raid, as given out here to-day, follows: "Three Zeppelins visited the east ern counties last night and dropped bombs. Atni-aircraft guns were in action. Aeroplanes went up, but were unable io locate the airships. "Fifteen small dwelling houses were demolished or seriously dam aged, and a largo number of doors, windows, etc., were broken. Several fires were caused, but were promptly extinguished. There was no other scions damage. "The following casualties have been reported: Killed, two men, three women, five children, a total of ten; wounded seriously, four men, ! eleven women, live children, a total of 20; wounded slightly, nine men, live women, nine children, a total of twenty-three: missing and believed to he buried in debris, one man. two women, a total of three. Total casu alies, fifty-six. "All of the above were civilians except one soldier, who is reported to have been wounded seriously.*' Germana Take Russian Town. Berlin, Sept, s. The official state ment follows: "Western theater: A number of enemy ships appeared ?'arly yester day morning before Middelkerke. They bombarded Wcstende during the morning and Ostend during 'ho afternoon, when the ships withdrew again before the lire of our coastal batteries. No military damage was caused. In Ostend two Belgian in habitants were killed and one was injured. On this front passed other wise without special incident. "A French armored aeroplane was shot down by a German aviator north of Ix? Mesa il. The machine crashed to earth in a huming condition and the occupants were killed. 'An enemy aeroplane attack on Freiburg, in Haden, was ineffective. "Eastern theater: In the region of Daudsewad (near Friedrichstadt) our divisions are making further pro gress. Troops of Gen. 'von Eich horn's army obtained possession of a few narrow strips of ground inter secting the lakes near Trokinowe, southwest of Viini after ?orno fi ph* . . i d nkiiti i ? . pMMiuv.s leUi?itiiiife ... oui nanos, to gether with four machine guns. "The enemy has been defeated In the region of Izabelin, southwest of Wolkowysk. Farther south this di vision is advancing toward the tribu taries of tb?' l{i\?'ts Zolkiankn and liu/.a aka. 'Northeast of I'ruzana, Austro Hungarian troops are forcing their way northward through thc marshes Of t hal dist riet. More t han I .nun prisoners have beeil taken. "The battles on the .lasioida river and east ol Drohiczyn have not y?'t been dei Ided." Four Submarine Victims. Paris, Sept. 8. The French steam ship Guatemala has been torpedoed and sunk about 50 miles off Melle Isle. Her crew escaped in two boats. The men were picked up by a British steamer and taken into St. Nazaire. (The Guatemala was of r>.01 rt tons gross and .'?NT f?>?'t long. ) La Rochelle, France, Sept. 8. The British steamer Carney, of Liv erpool, was fired upon and sunk by a Cern?an submarine last night. Her crew was saved. One small boat from the Carney, with the captain and i I members of tlx- crew on board, is missing. lt is believed to have reaibed another point London, Sept. 8.-Tho British Steamship Douro has been sunk by gun fire, presumably from a subma rine. Her crew w;,s saved. The Douro w?is of IItons gross. The Russian steamship Rhea lias been sunk. Her crew was landed. Tho Rhea was ol 1,145 tons gross. Claim .Many Prisoners, London, S?-pt !), Thc German version of the latest Austrian war of 12 c?'iits hut colton s?'<-d prices should break all records. Our <?xport trade in cotton seed oil has jumped over 60 per cent in one year from 192, 000,000 to "5 1 s.nun.nun pounds. And if good prices were paid for seed of a 1 7.uno,0(K? crop, what sort of prices should we not demand for seed from a crop Of only 1 0,000,000 or I 2,.>. nun bales? 4. With $500,000,000 for her new cotton crop, the Soul li will barely "pay out." With $750,000.000 Co whole section will have a jubilan! and abounding prosperity. Bank ers, men bants and all classes, there fore, should (Oin our farmers in the light for 12-cent prices now and for a State warehouse Bystem In every State to help insure fair prices in future years. 7ar Day by Day. 1 fleo statement, received here by i wireless from Berlin, asserts that 20 Russian officers, 4,400 men and 7 j machine ?uns were raptured when Austro-Hungarlan troops captor"' Russian positions north of S/npaika. m ar the mouth of the Sereth river. Trench Taken hy Germans, l'a ris, Sept- '.?. There was very violent ti ii l? t i ii u last night in the Ar gonne region, according to announce ment made this afternoon by the French war office. The report reads: "In the Artois district there has been lighting with hand grenades and rifle tiring between the trenches In the sectors of Neuville and Roclin court. There also was fairly spirited cannonading to the south of Arras and in the region of Rove. ! In the Argonne, not far from i Fontaine aux Charmes, very violent j lighting took place during last night. The Germans renewed their attacks j with great ferocity. With the excep tion, liowever, of a section of trench to the east of Layon de Hinarville. our lines everywhere held fast. We took some prisoners and captured a machine gun. "In the Lorraine district, i". thc forrest of I'arroy, there took place advance post engagements in which the advantage was with us." Cermnns Announce Victory. Berlin, Sept. !>. -An important victory in the Argonne was announc ed to-day by tho war office. The war office also announced thal in tho Zep pelin raids over langland on Tuesday and Wednesday nights bombs were dropped on docks and other port establishments In London and vicin ity. 'The Cern?an airships returned safely. The .statement follows: "In the Argonne, northeast ol Vienne Le Chateau, W?rttemberg and Lorraine, regiments began yes terday an attack which was support ed effectively by artillery. The in fantry (barged and took possession of positions ol the enemy at several points of support over a front ol more than two kilometers and fron ?{00 to 500 meters deep. Among thc works taken was one often mention ed liv the French, at Marie Therese We captured 38 officers, 1,990 men 48 machine guns, 64 mine thrower: and one cannon." N*. ''bange on British Prout. London. Sent !. Sir lohn Freud ? ? ? ii.? nu oolii niiii-h tvitnont uitpoi ..m result. Our own artillery and tba ol' the enemy has been active casi o Ypres. Elsewhere on our front con ditions are normal. Dublin Fortress Taken. London. Sept. 9. A dispatch iron Vienna says it is officially announce) thal the Austrian landwehr cavalr; .Mitered the fortress of Dubno, in th Lutsk Dubno-Rovno triangle of for tresses yest (O'day. Dubno. with l"?,000 population, i in the government of Volhynia, oi the Ik va river, a short distance ?ort of the East Gallclan frontier. Lutsk another of the forts of the triangh was taken recently. Russia Reports Successes. Retrograd, Sept !?. An offlcll communication made public here ar nounces another big success for th Russians in Eastern Galicia Th com ni ii n i cat ion follows: "On the road to Rovno our troop: after an action Wednesday again.' great enemy forces advancing alon the Olynta-Klevan railway, ai holding their advanced position upo the Rivers Stubel and Ik wa, whei the enemy is supporting his offensiv by the most violent artillery flr. which our troops are enduring wit the greatest courage. "in tiie Sereth district, southwei of Trembowla, our assumption of ti offensive resulted Tuesday in a sn cess a s important as that at Tarni pol. During Tuesday and Wedne day we took I r,rt officers, 7.ooo me three guns and '.'.('> machine guns. Ot losses were unimportant. Vesle rd; (.vening the enemy retreated in gre haste, pursued by our troops towal the st y pa river. "Since September 3 our success ( the whole front of the River Sere resulted in thc capture bj MS of !'.! officers ind over 17.ono men. heavy guns, 19 light guns. Cfi m ( hine guns and I ."> artillery Umbel "Altogether our armies are firm and resolutely carrying out the mov ment in conformity with ihe objf assigned and anticipate the futu with confidence." (A ?Berlin dispatch denounces t above as an "unwarranted fabrh tion " and asserts thal no derm losses have been sustained.) Russians Repulsed, .Austria Kcpor Vienna, Sept- 10. To-day's Ai trian war statement reads: "The Russian forces lighting In t region west of Rovno have been i pulsed across the Sindel lowlam Our troops, advancing from Zalsosi repelled the enemy in the direction of Sbarass. "Near Tarpanol, Austro-Cermnn battalions repulsed several Russian attacks. The Germans captured the village of Bucniow, west of the mid dle Serelh. Hostile reinforcements took part in the lighting, which was. violent. Hast of the mouth of the Seiet h and on the Dessarabian fron tier calm prevails. .The Austro-Mungarian forces in Lithunia have crossed the broad, swampy region of the Jesiolda and Orla and have advanced in the region southeast of Ro/.any." Austrians Mass Against! Itounmnitt. Petrograd, Sept. IO.-The concen ! (ration of heavy Austrian forces on the Roumanian frontier points to sc i rious operations soon against Bess arabia and the region of the Middle Dniester. Russian war officials think, li is regarded as improbable that the concentration indicates that an offen 1 sive move against Roumanie ls in progress. j The officials declare, howe', er. that it is premature to regard the Kiev [ Dnieper line as endangered. An ad vance from Galicia is regarded as un likely at present because of the re ; cent Teutonic defeat at Tarnopol. Russian Victory at Tarnopol. London. Sept. ld. The Russian victory at Tarnopol, Kastern Galicia, has been followed by another effect ive blow at the Austrians at Trem bowla. 20 miles farther south. In the combined actions more than 15, 000 prisoners have been taken, ac cording to I'etrograd's reports. The Russians were unable to follow up the advantage gained at Tretnbowla, owing to their inferiority in artillery, and the Austrians were not pushed beyond the River Serelh. b\ ami G. Claims Contradictory. French and German claims are so contradictory that it is impossible to obtain a clear view of the situation in Hie Argonne, where the German Crown Prince is reported to have mad?' considerable progress. The Kreuch are at (emitting to recover the lost ground, which the Germans as sert includes the fortified position al ! Marie Therese, lt is likely that this ; region will witness some bitter fight ing the next ten days. Liquid Fire Fighting. Paris, Sept. 10.- With liquid fire, gas bombs and heavy artillery, the ! Germans are violently attacking the i Kreuch positions in Alsace and the ... Two French AviulKU's Iii!!**!. lout. iii . i i positions in Alsace, were killed when they collided with a barbed wire fence, which caused bombs in the ma chine to explode. They were buried by the Germans with military honors. Whenever You Need a General Tonic Tuke Grove's The Old Standard Grove''; Tanteless .hill Tonie is equally valuable as a General Tonie because it contains the well known tonic properties of QUININI? and IRON. It acts on the Liver, Drives out Malaria, Enriches the Mood and Builds up the Whole System. 50 cents. Tim Collins Reunion. Salem, Sept. 7. Special: On Au gust 28 Dr. .lohn M. Collins's family came in on him, and if you had been there you would have thought the most of the people in this section were Collinses and their kin people. The old Doctor thought he would have to leave, but made out to stay after they told him they had not ' come after him, but only to spend '? the day with him, and it was a good time they had Dr. Collins and his family know how to give their friends and relatives a good time, and that is what they ?lid on this oc casion . Dr. Collins and family live on a part of the William Whit mire place, where the Whit mire school house stood, which was once the Whitmire Methodist church. The Doctor has a most interesting family of hale and hearty tillers of the soil. There are in grandchildren, and ::s of them were present at this time. Your scribe is unable to tell of ill the words of praise he heard from those invited, bul it was a day long to be remembered by those present. May many mou- returns ol* this happy event come to these good people is the wish of their ninny friends. Lei us cheer the old people while time and opportunity afford. Soon i will bc too late. The way some people frown all the time you can't blame fortune for not smiling on them. Detroit Press. The Next Real Thing to tho Pine For est for Colds is Dr. Dell's Pine-Tar-1 louey, which goes to the very root of cold troubles, tt clears the throat and gives relief n oni that clogged and stuffed feeling. The jiines have ever been the friond of man in driving sway colds. More over, the pine honey qualities are pe culiarly effective in fighting children's colds. Remember li nt a cold broken at the start greatly removes lim pos sibility of complications. 25c- Ad.J