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|
Entered at the Po^toffice at Newfary,
S. C.y as 2nd class matter,
E. H. AULL, EDITOR.
Friday, January 15, 1915.
VThere is a protest over the result
of the election for the new county
with the county seat at McCormick.
We notice that the commissioners of
election of Greenwood county have de
C'l^xea v.:ax we eiauuu m mcti ijui - i
tion which is to be taken from Green- j
wood is illegal. The matter will go j
to State board of canvassers on ap- j
peal.
& great many of the newspapers j
seem to think that President Wilson, i
in his Indianapolis speech, gave a j
hint that the would be a candidate to
succeed himself as president. President
Wilson declares that no such
hint was intended and we do not see
now suen a construction'Coum navuj
been placed upon what he did say. j
Time alone can tell whether the j
course of the Democratic party has
teen wise and for the best interest
\
" JS 1- ~ ^11
oi tine country ana xnai is auuui an
President Wilson stated and to conclude
that he meant by that, that he
would be a candidate to succeed himself
is a rather strained construction.
????^??? j
Several bills have been introduced j
in the legislature Jo repeal the la\Y
passed at the special session, providing
:or the reduction of the cotton
acreage: We doubt if the law would
stand the tests of the courts but it
iocks just a little bit childish to pas3
such a law and then to undertake to j
repeal it so soon thereafter. With j
only South Carolina reducing the
acreage, the price of cotton would not
be materially affected anyway an j
probably it i^just as well to repeal
the act. If all the Southern cotton
growing States had passed such a
law and there had been provision I,
made for the enforcement of it, no;
doubt it would have had considerable i
bearing upon the price of cotton immediately,
but with only South Caro- :
lina taking suc-.i action, such a law
would not accomplish much. Besides, j
we doubt if- the cotton planters would j
have paid much attention to it an;. ?
way and we already have too many
laws that are cpenly violated.
We are pleased to note thai ideas |
of progress are gaining a ooi hold in j.
Xewbervy. Less than a dozen years !
ago beiore we had electric power in j
.Newberry we ran our machinery witn
a gasoline engine and after the Hardware
company built we had no place
to store our tank for gasoline supply.
.Vie secured permission from the alderman
of the ward to place it in the edge
of the sidewalk. The then mayor
baid
it was dangerous and must be
removed and finally issued a war
rant for our arrest if it were not
promptly taken up. We only stored
about three gallons. Now they place
gasoline tanks under the ground
alongside the sidewalk holding some
tfcree to five hundred gallons and dispense
the gasoline from the side
walk. We are pleased to have our j
contention sustained by the city coun-j
I
eil. We were just a dozen years j
ahead of the age in whia'.ii we live J j
and no doubt that has been our great j
trouble?just ahead of the age. That |
i
of course was before the age of the j
automobile.
We publish today correspondence
between Dr. Wade Stackhouse and Mr.
.fosepn .Norwooa in regara 10 unauuuig i
cotton through t'Je proposed Cooperative
'Cotton Corporation, which
it would seem would make the thing
? not only practical but could be used
10 great advantage by the cotton
erowpr Thp trouble with Hip nlan !
;:s proposed was to have the assur-j
a nee that if a farmer took stock in
it tne corporation would be able to j
advance monev on cotton and at a
"
reasonable rate and a reasonable price!
I
1 er pound and on long term. All
ihese conditions seem .now to be met
in the offer of Mr. .Norwood to put
r up the money on the condition set out
in the letter of Dr. Stackhouse. Mr. '
!
Norwood is responsible and entirely
j
able to carry out any agreement int.)
which he may enter.
It would seem now that if the farmer
really wanted relief and to hoid
his cotton and get money at the rate
be is now paying and less and on six
months time and with the right to renew
for another six months, he should
show his willingness to help himself
and subscribe the stock readily and
quickly to the Cooperative Cotton
company. The money is available to
those who take stock in this company
and it is available today, as we understand
it. For every one bale that
you take in stock you can obtain a
loan on four additional bales at six
cents per pound basis middling and
K:e loan will be made for six months
and the right to renew for Another
six months.
One or two of tine members of the
present legislature we believe ha-ve
introduced or will introduce, bills to
abolish the State warehouse system.
We notice that Representative Warren,
of Hampton, makes the statement
that it is "reeking"' with politics. In
making such an assertion the member
should be able to sustain it by the
facts. Senator ;M'cLaurin, who has
been made commissioner, was not a
candidate for the position and tihe
logical man for the place and as far
as we have been able to observe we
have not seen any politics in anything
that he has done.
This warehouse system nas been n
dream of his for several years and we
think the legislature at the special session
did the proper thing in placing
him in charge of it and now that he
has undertaken the work it is but
rair that he should be given the opportunity
to try out the plan. Personally
the editor of The Herald and
News does not believe in so myich
government control and government
operation of business, but that is the
trend of modern thought and modern
legislation, and there is no use or good
judgment in butting your head, so to
speak, against a brick wall. It would
be better to help in every way that
is right and proper to guide and
control the stream, than to be over
whelmed and drowned in the flood oi
the stream.
It would be unfair to the men who
0~ave launched this system, as well
as to the owners of, the warehouses
(that have been taken over by the
luxate and to ?re owners of cotton
who hc^r receipts for the same in
these warehouse*, to abolish the syst'em
at this tirue. it seems ;o us that
Senator McLaurin is just now at th?
testing point and has about consummated
arrangements with the rponey
centers to secure advances on cotton
at a reasonable rate of interest and
on a long term, and without such connections
no warehouse system either
State controlled or privately owned
could be of any advantage to the
growers of cotton.
WOMEN TO USE INFLUENCE
Passage of Five Bills in the Legislature
of Especial Interest to
Them.
An interview in The l;oiumDia necord
of recent date given by Dr. Jane
Bruce Guignard will be read witn
peculiar interest here, Dr. Guignard
being the sister of Rev Sanders Guignard,
rector of St. Luke's church.
The interview follows:
*11 hat there will be five bills before
the legislature at its coming session.
which are the particular business of
every wom&n in the State, is the
statement of Dr. Jane Bruce Guignard,
president of the Equal Suffrage
league of Columbia.
"Dr. Guignard refers to the compulsory
education bill, the child labor
bill, the medical inspection--bill, the
prohibition bill, and the Iowa iniunc
tion bill. These, she states, are the
concern at' every woman v. hether she
is a suffragist or not, and she begs
that the women in all sections of the
State, and in every walk o life, will j
make an effort to learn the meaning j
of these bills and inform themselves |
as to the effects of the passing of
these bills, and then use their influ
ence?indirect though it be?to help j
get them passed.
"Dr. Guignard is 'herself an ardent
i
advocate c every one o'* these bills,:
believing that thev are ol' vital imI
portance to the future welfare -/f the |
State, and although she knows as well.
as any one the various arguments advanced
against them, among them |
the impossibility of getting them en- j
forced, she believes with Mr. Glad- j
stone that 'the passing o:' good laws j
makes it easier to do right." "
Would Erect j
On Disti
WOULD MAivE SALES
ABROAD DIRECTLY
3PLAURIN WOULD DEVELOP COMPRESSING
DEPOT
Commissioner Will Ask Legislature to
'Amend in Several Important Respects
Act Which Erected .State
Cotton Warehouse System
That He Manages.
John L. McLaurin, State warehouse
commissioner, has drafted a report,
for submission to the general assem
bly on its convening tomorrow, in
whiolv ha makes a number of sugges- j
tions for improvement of the act j
erecting the cotton storage system,
which act he deems "a distinct step
forward," but only "a small beginning
in so great a work."
Xotable among the commissioners
recommendations is one that the proj
ceeds from the sale of the old State j
crion co nmnorf v V? r\ o nnlior' t r\ I
development of the Richland distillery
premiss, owned by the State, into a
concentration plant equipped v.*ith a
compress and capable of storing some
7,500 bales of cotton.
Amendments to tine warehouse act
which Mr. MaLaurin desires include
I also tne lonowing:
Would Sell Abroad.
j That the commissioner be au1
thorized "to make sales, when rs;
quested by parties having cotton on j
! storage, to either foreign or domestic !
j spinners," and that $10,000 be put at j
j his disposal for use in inaugurating j
! this feature.
That the provision as to certain!
counties being permitted to build !
county warehouses to operate under
State management, sp as to get the
advantage of tie State receipts, be exi
tended to all the counties, thus locali
izing the system in the various coun- 1
| ties and thereby cheapening the cost j
o!' operation, "without weakening in j
. any way the State warehouse system."
i Cotton from these county warehouses j
j could be shipped on milling rates via I
I the compress, says the commissioner,
j and go at one rate of freight from
I t':e farm to a mill in Europe or e Ise
where.
"The State of South Carolina," says
the commissioner, "can build warehouses
and store cotton at the rate of ;
10 cents per bale per month and put
by a sufficient amount in a sinking
j 11 nd to pay for the property in a
! period of 20 years. With a compress
[and with authority to act, 1 couM sell
! direct from such a warehouse to the
! fnrpio-n mills savin? Hip rhar?ps of
I
! from Six to eigv.t middlemen in each
case. A small commission on sucn
! loans or sales would' soon pay for
warehouse and provide funds after
I that for constantly adding :o th-v
! number."
Twenty-eight Warehouses.
! Other senior's o the commissioni
er's reporv follow:
"Under an act passed at the extra
session of the general assembly last j
year and approved October 30, 1914,
I * 1* w ~ 4' <?-? r AAA 4 I
i mr ? uiii i ? <j>xj.im'V ayy. io.it *
I for the purpose o: establishing and
I putting into operation what is com!
monly known as the State warehouse
| system. Tr-at system has been ori
ganized and is now in operation, and
j the expenditures up to this time are
| less than $2,300, including all bills
j payable.
<"TVi i^ fCkYinrt AAvort- rV>? noTin/i nf
X iiio | tpvi L V.U T Vi o twc ^viiwu V*
operation from the middle of November,
as we could not get our blank
forms before that date.
"Beginning so late in the season,
in the face of unprecedented financial
conditions, a small appropriation
and an amendment forced on the bill
in .'.he house forbidding payment of
! rent for warehouses until after all o.
| the operating expenses were paid in
I full I nftpmntpri onlv to nreanizp the
system and perfect the machinery,
depending upon this general assembly
to enlarge the power? and provide the
means for its development.
"We now have 28 warehouses with
| an aggregate capacity of 45.000 bales.
"I *\vill file a supplemental report
as to the amount of cotton on hand,
rates of insurance and every item of
j financial transactions,
! "I did not have funds to pav inI
surance in advance and operating exnpncpc
9c tho "standard warphrvnsps !
J/V1WVW, VAO ~
j connected with a bank have, and devised
a form of conitract taking
over warehouses at a nominal rental |
of $1 per year, allowing the lessor
to fix t'.ie rate of storage and pay all
operating expenses, including o cents;
per bale per month to the State,
which I calculated, i: "0,000 bales
wprp srnrpH for ten months, would ;
pay the expenses of the system.
Imperfect Institution.
"This does not, however, carry oat
a proper conception of a State warehouse
system, which should provide |
a^ follows:
Big Plant
llery Premises
"1. Cheap storage, with a low interest
rate, so as to encourage the
gradual marketing of tfce crop.
"2. Reducing: the cost of marketing
by bringing farmer and spinner into
direct contact, eliminating middlemen's
profits, to the advantage of producer
and manufacturer.
"3. Transforming cotton into a negotiable
security that will pass current
in the money markets of the
world and afford an acceptable col
lateral for use under the agricultural
section of the new currency law.
"The last named has been accomplished,
but I have not bee nable, under
the terms of the present law, witn
the $15,000 appropriation, to build
warehouses, nor have I been able to '
equip them with proper fire protec- '
tion and mechanical appliances for I
handling cotton, so as to give the j
aVi c+avoo-A A T hoi*^
otui a^c v/uiaxuauit. -n.o i "w ? c
stated, I have only been able to lease I
them at a nominal rental.
i
"I desire also to call your attention
tc the fact that there is no authority
provided under the warehouse ant for
me to aid persons with cotton on
storage to negotiate loans, nor is there
any authority to make sales of cotton
to either domestic or foreign spinners.
"If thp Statp had onp nlant as a
beginning, located in Columbia, with
a compress, just at this time, the sale
of a single cargo of cotton in Europe,
at 25 cents a pound, which is being i
paid th?re, would have a tremendous
moral effect in advancing the price of
cotton. The enormous profits which
have been made in buying cotton at b'
cents and shipping it o Europe is well
illustrated by a statement made to j
me in writing by a well known citizen j
and former newspaper writer cf tnis
State, that certain brokers in Savannah
made ^p a pool and floated bonds
.or $500,{TOO to finance the purchase of
several vessels, in which cargoes of
cotton were shipped to Germany. This
cotton was sold there, these gentlemen
itated to my informant, at a net profit
ct 14 cents a pound.
"If any arugment were needed this I
mere statement should be enough.
Here is one man producing a bale of
cotton at a loss of $20; here is another
making $70 clear for finding a market.
What excuse has a government for
existence which can not correct such
gross inequalities in the distribution
rtf ti-ah 1 f V? 9
ul v* cauii .
"In time of peace 1 have seen the
estimate of expense? from farm to milplaced
at from $7 to $10' per bale. A
saving o. $5 per bale would amount to
$f>,000.000 annually. When we con-1
sider that the price of cotton is fixed j
abroad, and that whicu is sold abroad !
I
makes the price of that entering into !
domestic consumption, It is easy to I
see that an increased price in the for- j
eign market would raise the price of!
e\ery pound sold to our own mills, i
Credits Locked l*p,
"Xo man can accurately predict the j
1 r- ?. ~4- V* rx ^ f r? -r~> r\ T* inrf \X? Vl Q t t Vl O !
L/l tliia V\ 0,1 , HUi JUOL " ~??n. w~v .
consumption of cotton will be, but this |
i? a 16,000,000 bale crop and it is e?i-l
dent that a airge surplus must be car- j
ried over into 1916. The borrowing
power of surplus cotton will be fixed
by the price wuich we are able to j
force for the cotton which enters into
consumption. Never in the world
bas there been a nner spirit snown
than by the South i nthis great crisis.
There has ben the utmost forbearance
on the part of t'.ie merchants anJ.
banks, with the most perfect willingness
on the part of the warmer to
warehouse his cotton and give the receipts
to his creditor to enable him
to finance himself.
*1 This great holding movement I attribute
'*n large measure to the agitation
in South Carolina and Texas for
State warehouse measures, and t'he
extra sessions of their legislatures.
This has been the-potent fJictor in this
splen.I'd holding movement and th<
present advance of 2 1-2 cents from
the lovr level is due largely to these
two States. It has saved millions of
dollars to the South, but it has nearly
reached its limit, and something fur
t'her must be done.
"Seven hundred and fifty thousand
bales of cotton, with all Its potential
credits locked up, is paralyzing the
industries o. this State. With the same
conditions existing all over the South,
it means that the purchasing power of
cur section is curtailed, and business '
all Over the country stagnates.
"This condition will continue until '
' -P.QP rrpriifq arp unlnfkftd bv a sale
of cotton.
- "Other factors are now coming in
to sustain the price of cotton, and if ;
a foreign selling movement can bj
started, while there mav be rocessions !
i
in prices, we are over the worst. For-, <
eign spinners are buying futures in j 1
New Orleans and Xew York at con- I
stantly advancing prices. The short i
sellers know that spots will be de- M
I i
mantled, and that they are m for a1 i
loss if the holding movement contin- <
ues, and it can only be successfully '1
continued by taking advantage of the,1
high prices offered abroad. .;
"The marketing of cotton is o"
worldwide import, because w~en t\4?
gold standard was finlly adcptec cot-;
ton became the cornersione of in- .
ternational finance. There can be no ,
solid improvement in business until'
cur cotton goes abroad ana starts toe j
tide of gold to these shores, it is j
through cotton that the United States j
controls the balance of world trade,.
and the great aim of the South should ;
^ 1 .. A./V ? if AAff AVI f TATV1 '
ue nut uiii^ KZAiyvi t ito luuuu jlivuli ,
Southern ports, but that toe gold'
which it yearly brings in should be ;
deposited in Southern banks, instead j
of going to New York to maintain a.;
supremacy which rightfully belongs to
tiie section which produces the only
distinctively gold crop.
deduction of Acreage.
"Of course any student of the e?o- j
r.omic situation realizes that the fu- j
ture price of cotton is going to de-!
pend upon t\:e acreage and produc-1
tion o. 1915. One of the reasons why j
cotton is now advancing, under very
difficult conditions, is that astute observers
gather from the wheat acreage
figures recently made public by
the agricultural department, that
acreage reduction is becoming a certainty.
if the June acreage report
on coton confirms the small grain
figures, there will certainly be a
sharp adi.ance in prices.
"Last vear the cotton States had >
6,253,000 arces of wintei* wheat. This j
vear were is about 15,000,000 acres.
The increase in South Carolina is, I
regret to say, only 20 per cent., while
Alabama shows an increase of 1S5
per cent., Mississippi 125 per cent.,
Georgia 118 per cent., and North Car
olina 75 per cent. Add to tnis tne
enormous increase in oats and rje and 1
the knowledge of the fact that the
increase is taken from the lands heretofore
in cotton, and it would appear
that there must be a reduction now
of about 40 per c^nt. in the cotton j
acreage. '
"It must also be remembered t'^at!
fertilizers will not be used as heretofore.
"If intelligent restraint is exercised
a.- to acreage, and ve can 'find an
cutlet abroad, the price of cotton will 1
within one year, compensate us -or
the sacrifice which good citizens are j
now making to prevent the confisca-1
tion of our property, not through lack j
cf money, but the destruction of,
r>rer1itc I i
The Trust Principle.
"The principle upon which rests
the* prosperity 01 this country, as a
w'.'Ole, is cooperation. The power
cf'.-.ce'itrated in the haius of a few j
to fix prices, makes the socalled trust, j
Every article entering into con-sump- \
1
tion. except raw cotton, has its prica j
fixed in this vny. The vice sft'ji;::! j
never be so high ; > t<> chcck t'.:e coil- j
sumption, nor so lew as not to yie;d |
a fair profit to the producer.
"With all the other business in- j
terests o:' the country conducted upon ;
this basis, we have reached the point j
whAro it imnnssihlp to continue to 1
i\aise cotton at a profit unless the pro-'
riucers control the surplus . and.
through it, fix a miuimum price f*>r!
the commodity.
"Voluntary organizations amon?
20,000,000 people, scattered from the
Atlantic to the Rio Grande, will al-j
ways fail. The warehouse systems of j
South Carolina, Louisiana and Texas j
are attempts, through our State gov-1
ernmen's, to secure that cooperation,!
* - 1 - * J ^ - > ^ ? a/% rt A t f* !
wnicn, in me nature ck me case, is j
otherwise impossible.
"The civilization of South Carolina
and the welloeing, directly or indirectly,
of every citizen depends upon
our cotton crop. Therefore the conservation
of its profits demands and
should have our best thought and
wisest statesmanship.
"It costs including interest on the
investment, 10 cents a pound to produce
cotton. If more is placed o*
the market durirg the fall than can
be absorbed at a. profit, the price must
fall to a point under the cost of production
to induce purchases on the
investment basis.
"To secure its full intrinsic value,
we must, to some extent, not only |
control production, but provide the j
ono m withhnlrl thp snrnlns from
Ul^ailO -V n *W**4*V.V* V? w r. the
channels of trade, so as at all j
times to maintain the equilibrium be-!
tween supply and demand. . . .
"No people have such an opportu-j.
r.itv as we have, through our State |'
governments, to establish a credit
system of oir own, entirely independent
of outside aid. All that we have
to do is to make our own ports cotton ,
distributing centres, and our own .
banks the depositories 'or the gold (
for which our cotton sells, instead of
being, as we now are, the mere agents .
?nd vassals of New York and London, (
A Stfqi Forward. ; j
n r.r 1 c hilt i i
1 Ue present waieuuiue o-v-i. ?o , j
i small beginning in so great "work, J ]
L:ut it is a distinct step forward. j.
"I realize that the fiscal condition of | ]
L'his State precludes the possibilty of a j i
'arge appropriation, but there are1\
two pieces of property in the city of <
Columbia, belonging to the State?or
virtually belonging to the State? <
which can be acquired and made to
inswer the purpose of the warehouse; j
I
commission, at comparatively small
cost. |
"il'he State has an equity in til:
State dispensary property on Gen.ias
street of about $100,000. The Stat*
owns eight acres on whiea is situateo.
the Richland distillery. No one is
using these buildings, and they are
lotting down. The purchasers of the
State dispensary property are willing
to let the State have it back. It has a
three-story brick warehouse, with a
sprinkler system, capable o. storing .. 1
7,500 bales of cotton.
"Wfcy not utilize the money invested
in one properiy 10 aeveiop me omer r
"There wouid be nothing to buy.
then, except a compress, and if the
sinking fund were authorized to borrow
money It could be repaid from
the profits which would accure. The
commission on placing a few cargoes ,
of cotton in Germany, at present
prices, would pay for tue entire-plant.
There is absolutely no risk, because
fhp nronertv purchased, and its im
provements, would stand for itself and
be self-sustaining.
"I recommend to your earnest con- 4
sideration that the sinking fund commission
be authorized to use the proceeds
arising from the sale o: the old
State dispensary building to provide a
compress and suitable warehouse facilities,
on the property known as the
Richland distillery, so as to enable tne
State warehouse commissioner to
build modern warehouses, with every
mechanical appliance, to give cheap
storage.
Insurance Rates.
"One of the most expensive features
connected with the operation of the
State warehouse act is the heavy rate^
of insurance. If there is any way in
which_it can be done, through the
sinking fund commission, so as to get
1 - ^ T 1 /-]
a cneaper raie 01 insurance, 1 wouiu
be glad to a>vail myself of toe opportunity.
"I think, however, if I am give the
funds to put in the double sprinkler 1
system to which I have called your attention
that, under the rates now o fered,
I could get insurance at 10 ?
cents per hundred instead of the present
rate, wrhich averages about $2.25
per $100. -x
"I will include in my supplementary
report, as directed by the act, a list or
Uie Y\ <XLlwatiuno, ucn-uto vmanagers,
amoun of cotton on storage
and such other details as may be
necessary for your full information.''
WOMAN REFUSES ~
OPERATION <
Tells How She Was Saved
by Taking Lydia E. Pinkham's
Vegetable
Compound.
Louisville, Ky.?" I think il moresuffering
women would take Lydia E. 4
~ Pink ham's Vegeta- J
iHp^% ... ble Compound they j
?wou^ enjoy better f
health. I suffered
m ire* x from a female trou- jM
V- ^ $ ble, and the doctors JB ??
:: l) J decided I had a
\ r_ tumorous growth
!'. ?- y^iand would have to ^IfjS
klr J / /^Jbe operated upon,
?&} / but I refused as I
iv> 15&jy Sr not believe in opera
tions. I had fainting spells, bloated^p^^B
and could hardly stand the pain in
left side. My husband insisted tha^BlfJ^S
try Lydia E. Pinkham's
Compound, and I am so thankful I
for I am now a well woman. I
better, do all my housework and
long walks. I never fail to praise Lydij^Bj?M
E. Pinkham's Vegetable Compound for W^!?fl|
my good health."?Mrs. J. M. Resch, jflfli
1900 West Broadway, Louisville, Ky. ^||B
Since we guarantee that all testimo- 3H
nials which we publish are genuine, is it
not fair to suppose that if Lydia E. W
Pinkham's Vegetable Compound has the J
1 * *11 1 1__ -i'lli]
virtue to help tnese women il win neip 1
any other woman who is suffering in a 1
'ike manner? j
If you are ill do not drag along until I
an operation is necessary, but at once
take Lydia E. Pinkham's Vegetable
n J
oompounu.
Write to Lydia E./ Pinkham Medicine
Co., (confidential) Lynn,
Mass. Your letter wil be opened,
read and answered by a woman >
and held in strict confidence.
THE STATE OF SOUTH CAROLINA,
COUNTY OF NEWBERRY,
By C. C. Schumpert, Probate Judge.
Whereas, Robert L. tStokes made
suit to me to grant him letter of administration
of the estate and effects
of J. D. Stokes.
These are, therefore, to cite and
admonish a1! and singular the kindred
and creditors of the said J. D.
Stokes, deceased, that they be and ap-"
pear be'ore me, in tine court of proL-are,
to be held at Newberry, S. C., on
January 19th next, after publication
lereof, at 11 o'clock in the forenoon, j
:o show cause, if any they have, why r
:he said administration should not be J
granted. -M
Given under my hand this 4th, day fl
>f January, Anno Domim 1914. ?
C. C. Schumpert, mJK
J. P. N. C.