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Do We Need the Speculator?
M, V»rhri.u«h TU*. -h, S^0l„0r ivrtier mce* for llie Cotton Grower. Messrs. Lditors: As there is no business on earth but that has some element of speculation In it. I think U Yery necessary that we farmers should understand the speculator and his relation to our business. Man cannot do business witbot^t some one to take his surplus and pay him for it and find a market for It. The speculator does this, and sometimes at a loss to himself. Uy tbe consolidation of a body of specu lators. a complete consensus is es tablished; and the stock of every seller. or demand of every buyer, brought into the market. It la the very essence of trade to have wide, constant and correct information, that we may have a correct market and lessen the chance* for wide huctuatlons. which ia harmful to the producer as weil as the speculator A market l# at it* highest value when It concentrates the largest number of buyers and sellers. The speculator tends to do this more than any other class of men. The Speculator and the Cotton Sur* pin*. Take our cotton, for Instance Conditions are such in the South that we are compelled to market at least three-fourth* of our crop in the first three or four month* of the season, which amounts to about eight million bales. Now the spin ner* do not need tht* great amount in so short a time. At least, they never have taken much over four million bale* up to January 1. So you see w« have a surplus of about four million bale*, that some one must take and pay ua for. Nobody seem* willing to do this except the speculator. In order to prosper we must hav« some one who is able and willing to take long and large risks The speculator seems to be the only man who Is willing to do this Somebody must stake million* on our surplus. The speculator is the only man that will do this. Compe tition of speculator* tend* more to reduce their own profits than ar.) other force What tends to reduce their profits tend* to Increase the profit* of the producer. If it were not for the speculator the producer would have to bear the burden of carrying alt the surplus produce «f the countrv. which burden they are not able to bear. Take tb* speculator out of tb® market, and who Is to buy our im m*n*® surplus* Do tb* farmers of th® South suppose when th® spinners bar® all th® cotton they want they •US continue In th* market to boost prices * They will not do this, neith er will anybody else, eicepl the •peculator No one on earth seem* to tak® the Interest of th® cotton farmer to heart Ilk* tb® .Southern •peculator. Some people object to the •peculator because h® demand* a margin All business has a mar gin. l»®*troy the margin of any business, and that busln®** c*as®» to exist Again, how many cotton farmer* hat® held cotton this season hoping th® margin would come tb®lr •ay’ You had as well speculate In future* as In spots. Iturfcr* Shops. ! do«‘* pretend to argue that w® n®®d bucket shops, but our politi cians have raised such a howl about bucket shops and the nsarglu qu®* tlon that ! would like to know th® difference in dealing In a cotton and grain bucket shop and a political bucket shop The country Is full of the last class, and we don't hear a word against them by our poli tician*, neither do they coudemn heir margins. It seems to me it would be wise for them to purge he;r own business before thev show such great love for the poor old farmer and his business. Some of them are very anxious about the margin business. Suppose we take out the political margin, how many candidates would we have? None. • high! \\r to Tie the Southern Hull? Harmful legislation is worse than none at all. Take, for Instance, last reason when the government and the national ginners came out with a large bullish report. Under nor mal conditions the market would have advanced five dollars per bale; but the Southern speculator waa dis armed by anti-option legislation, and the market actually broke 30 vr 35 points. The South is the home of the cotton bull, and we need not look for him anywhere el*.. Spot men do not want the man who has cotton to sell to know too much. The Southern speculator is the man the cotton world dreads, and be is the only man »ho can and ■iiJ ngnt our enemies successfully Tl# him, and »e are at the mercy | of our enemies. Get business de ; moralised and people dissatisfied. . and you hare all the hard time* you are looking for, !a*C* all set to work and learn what is best for us; »nd improre, instead of destroy, our j business institutions J W. YARBROUGH. Baldwyn. Miss. I ndrrtlrsiBs—How Ilwp and How Together Slsmld They He? Messrs Kdllor* Kindly answer through the columns of your paper ‘be following question In putting in troughs made of 1 vt or I i( stuff, and Inverted, to underdrain wet bottom land, how near together i should they be laid and how deep' 1. II GOCI.IJ. Crawford. MS** Cditori*! t*»wrf; Jhe deeper the drains are the larger area they will drain But drains should mat be over five feet deep, and four feet may be regarded as the limit of depth ustiatly There are few in stance* that the depth should be less ‘han two feet But the outlet for the drains is something that may limit ?h«* depth of the drain* on rath er level land A drain I* useless un le*« It ha* an outlet that will carry iff water from the end of the drain. The end of the drain should he pro tected. »> rata, rabbit*, etc . cannot enter Heavy wire cloth 1* the heat protection, and the galvanized wire will last much longer than the un galvanized Thi* wire screen will keep wafer from running through fast, so that the surface through which the water !* to run mu*t he everal times as large a* the crows section of the drain There 1* another point about how many drain* to put in land and their distance apart Any land that Is of «, compact a nature that water can not pas* through It readily, should have the drains closer together so ihe water can reach the drains. The sub-soil may be more considered on 'his point than the soil, since It Is through the sub soil that the water must pass to reach the drains. These facts will make it evident that no one can *a> bow deep or bow far -ipart drains should be when the na ture of the land is not known. Oc casionally land is found that doe* not require subsurface dralus over the entire field, but only through the low or the poorly drained places. It ip not a bad idea to drain the worst Places first, and to observe whether more drains should be put in later. Drains may range from two to six rods apart, something depending on how much is to be carried off, on the depth of the drains, on the na ture of the land, and on the value of ’he crop to be grown. Some crops will warrant the spending of more money for under-drainage than crops of less value. Those wiho will give their experience with under drains will confer a favor on many and those who give their experience for publication will make it more valuable if they tell something about the nature of their land, so that it will be seen how far their experience should guide others with more or less similar conditions. Dealers In Drain Tile Should Adver tise. Messrs. Editors: I should like for vou or some of The Southern Farm (.alette readers to tell me where I can get farm drain tile. I want about half a car load. BAXTER HOOPER MuUl I Sow Alfalfa in Corn at Laat Plowing? Messrs. Editors: How would It do to sow alfalfa In corn or cotton at last plowing, and how many seed to the acre? J. R. LILES. (Answered by T. B. Parker.) I do not think It would be adrisa* ble to iow alfalfa in corn or cotton at the last plowing. I think It would be a waate of seed. Land for alfalfa should be in good condition and left level so the mower could cut it close to the ground. The best prophet of the future la the past Lord Byron. Don’t Let Harness Rot I f**Tt Us wtrd. rata a»4 mast al U* B !tf» of II 1 „ n.*k* barana* .aflt. rufUn ■ U ertsimkUy *ltk 9: EUREKA I Harness Oil I Oosartafct 4mrn ‘.Moth*tasOWr and 8U* TL ifc* pucwa hr! « m»taon vlu.Ii mu til S ■vista In >4 rarvka tisOMSS M < *1 mint tb» Utt ut Us tarast. t'W S ■ utvaa. Mad* by S STAMMBO OIL CO. ft tlmrunull ■ ■ CRAMPS and DIARRHOEA I ■ are both painful and I ■ dangerous. B I Prompt and permanent B ■ relief follows one or two B B doses of Dr. Tichenor’s B i fl Antiseptic. You should B 9 never be without it. 8 ■ft At all Druggists /BY 25 and 50 Cents ^8 HtaMgRIlfl j #... HIGH GRADE DROP READ USIT machine PtaiUreljr fnatMt Seviag Mac Kina aataa r»*r off and. Bjr our direct teDinc plan, tea aara par ail daaiere' aad a TKta is aqoal to •old by for $30.00. la aabata&ttolty >aada at boat malarial, aad to •quipped With tha tolaat too PMMBto Ba *ant oak drop.loaf catoaat, 4 diaaata and fun art at at- . tacUotrna. We girt out btodtof 10-rm ■fc anefcla* nw. Mar try It ■ tan Ml If M t°wt la >»>T n« w» will ra fwm-il fxmt toKwaf W a as* tfe* Urgwat mr* . ng martuan d*a W>batott In iSa tbaaUk »«4 Ml* tt pusi Mmk4 e*4 r*<sn*i-m rninh^w fils* fi.« em MALSBYV SHIPP £ CO. D«pt s. Atlanta, 6a. ^ J Tha UNIT Rm4 Baeklat | OfEXATlD BY On la ad One Tun I met oae-nmi as much as I UMIbriiri DOBS WORK AT HALF TKB COST IheCall-WittCo. RICHMOND. VA i PROSPECT STOCK FARM GULFPORT, MISS. I have the largest herd of pure bred Jersejs in south Mississippi, which numbers more than 100 head of cows amd heifers. This is a working herd of persistent milkers. Note report of New Orleans City Health Officers: MISSISSIPPI MILK Panes a Splendid Inspection by City Health Board. Mississippi milk received s boost through the report submitted by Chemist A. L Mru to City Health OtBeer W T O Reilly t)ut of numerous samples received two days sgo from ship ment* coming from Gulfport. not a one was below the required standard of 13 per cent butter tat. « bile mo»i of them were It per cent or above. The record is a splendid one. says Dr O'Reilly. "When Prospect Dairy of Gulfport re fused to submit to the severe requirement* placed about the milk trade by the City Council of that place and hegan to flood the Sew Orleans market with their product, it might have been supposed that something was wrong with the brand of stuff However, the exact opposite ha* proven the case The cows In our neighboring State north appear to be either superior to those here, or else the dairymen are not so prone to awell their sales by tbe addition of water." Young atock for sale from thia aplendid herd of registered Jerseys by such bulla as Mississippi Rioter, Sire Rioters John Bull, Dam Lady Letty Lambert, teat 24 pounds butter in one week, and For Farahire’a Yellow Boy hire For Farahire Dam Pedros Precilia, teat 20 pounds butter in one week. DR. J. J. HARRY, Owner.