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The watchman and southron. (Sumter, S.C.) 1881-1930, November 16, 1918, Image 1

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Persistent link: http://chroniclingamerica.loc.gov/lccn/sn93067846/1918-11-16/ed-1/seq-1/

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Consolidated Aug. 2,1
Redemption of AIsace-Loralr.z YViiJ
Be Celebrated on Sunday?Gen. j
Eoda, President Poincaire and Pre
mies: Clemencau Will Be the Cen
tral Figures.
Paris, -; Nov. 14, 4.25.?Marshal
Pooh will make solemn entries into!
Strassburg and Metz on Sunday in
the presence of President Poincire;
and Premier Clemenceau. . 1
New Government Seems to Be Com
posed of Educated Socialists.
? 1
Copenhagen, Nov. 14, 8.25 A. M.? j
The new German government has I
been, organized, with the following |
cabinet .members: Premier and in- j
terior minister of military affairs.;
Friedrich Ebert; foreign affairs, Hu- i
go Haase; finance and colonies, Phil- j
ip Scheidemann; demobilization, j
transport, justice* and health, Wei- j
helm Dittman; publicity, art and lit-:
iterature, Herr Lansberg; Social pol- j
icy, Richard Barihu.
Seprfetary ?f Treasury Says That Ad
ditional Government Loans Will he
Required. *
: Washington, *<?v. 12.?Government
financial needs fOr many years are al
most certain to run about $4,000,000.
fc&O - annually, treasury experts esti
mate, and most of the money will be
raised by taxation.
Consequently, students Of govern
ment finances think the taxes imposed
last year and paid in July probably
wilf/not be lightened materially by the
advent of peace.
''Secretary McAdoo tod&y wamec
t?a? ...taxes necessarily would be high
^pr many years to pay off war deht:- j
aitft. thia* additional government loans
?flj^d* be required.' He did not at
tenotpt .to forecast how big the volume
p? 'pfxf? would be. .
.'Roughly, treasury officials and con
grefMonal leaders! hi change, of reve
'nue legislation figure ^this'-way:
. ,",?0rdihary government v expenses.
Which ran around a billion dollars ?
year before the war, will .now' ainoum
at"l*3ast $2,000t000,?0e annualy fo:
?fany years, and. for two or three
$?ars. .'after the-war may be double
tibi figure. .If the f16,850*000,000 of
liberty bonds already issued are in
crea?ed:.'in.vo.luaieA'by laier" loans to
lis,o04^Q0?,000, the interest on thU
sum would amount to about $1,000,
0$&#?0;" a. year, jfn addition, it prob
ably, will be the government's policy j
^establish assinking fund to pay off!
the bonds at maturity, and this would j
?ire about $t,'250,000,000 a year, i
lese are items which make an ag-1
gtegate near $4,250,000,000.
To offset this there would be nearly
a "halt billion dollars coming in an
nuallyyfrom the allies as interest on!
their loans, which now amount tc
$7,00,0,006,000, and are likely to run
much higher, and revenue from cus- j
' toms arig miscellaneous sources which
last year amounted to about $450,
With, allowances for wide variations
in these calculations there would still j
jemain about three and a half bil-j
. Kon dollars*, to be . raised from inter-J
nal revenue taxes. Last year $3,643,- j
000,000 came from internal revenue j
including $2,775,000,000 from income;
and excess profits taxes. This year]
these figures will probably more thant
?he doubled. Factors which makes,
the system of estimates highly tenta-j
tive, officials point out, are that the;
war is not definitely over so far as ex- i
pense is concerned, and that war j
debts, both of the. American govern- j
ment to the public and of the allied \
governments to the United State? i
cannot be figured until then. Re
construction policies, yet to be for-1
mulated, will have much to do with j
determining how many existing gov- ?
erriment war-time agencies shall be'
continued. Besides, on the condition j
of business and foreign trade after:
the war must depend the weight of'
the tax burden which can be borne. ?
Methods of applying taxes after the
War also are receiving attention. I*;
the schedule of income taxes now be-1
ing framed in the new revenue bill j
works out well it is considered proba-!
ble that the bulk of the af ter-the-1
?qe?r -revenue will come from Income ?
levies, which next year will yield
probably $2,600,000. Excess profts.
taxes probably would automatical'.-;
be abandoned after the war, and li
quor revenue will stop if the con
templated prohibition amendment is
ratified, and sooner with the passage
of the "war time" prohibition bill. Iti
is almost certain that the multitud -
of minor taxes now levied on trans-1
portation, insurance, admissions. clu!>;
due, the excise taxes, stamp taxes i
*nd special taxes on certain bus- j
messes, now yielding* comparatively '
little revenue and very difficult of ad-!
ministration will be abandoned. To- i
bacco and estate taxes probably will
remain, it is said. Whether tariff;
schedules will be raised materially!
depends on future formulation of:
German Part of Hapstrarg Empire
Will Join Germany.
Copenhagen, Nov. 13.?Germrm
Austria has been proclaimed a part
of the German republic by the State
council, says a> dispatch from Vienna.
M&ed April, 1850. "Bn Im *
881. ST]
Brand Notifies Presidents at New Or
leans and New York of Action Pre- i
venting Practice?Bona Fide Hedge
Sales May be Made Under Sonic
New York, Nov. 13.?Speculative
short selling of cotton on the New
York and New Orleans cotton ex
changes was prohibited today by the
cotton distribution committee. Bona
fide hedge sales against the purchase
of cotton are permitted on affidavit
from the commitee but no selling or
ders from foreign countries except in
liquidation of long contracts are to
be executed.
Charles J. Brand, chairman of the
committee, notified the presidents of
the two exchanges this morning by
j telegraph. He said later that the com
mittee's decision was precipiated by
j undue short selling yesterday by
I speculative interests, who, he said.
I took advantage of the situation cre
| ated by the cessation of hostilities tc
; force prices down 2 cents a pound.
? Tonight Mr. Brand issued a formal
j statement declaring that speculative
j activity in cotton at this time is un
! justified.
i "The signing of the armistice," he
! said, "brings us suddenly to the
htreshold of the reconstruction era.
Pending developments are of the ut
most impotrance to the cotton world,
j "The consequences of unfounded
I rumors that tend to promote vicious
[ speculative activity and cause unjusti
fied demoralization must be avoided
thus far as possible. -
"The world's requirements of cot
ton to meet jts increasing demandr
for clothing "will henceforth be on a
continuously ascending scale. Based
on reports to this committee from
the various foreign countries, we es
timate their requirements and prob
able imports of cotton under preserf
conditions to be over 2,000,000 ba-e
in excess of last year's taking.
"Europe is almost -denuded of cot
ton and cotton goods. The potential
buying, power of the world which
will be aided and hastened by the es
tablishment of the necessary credit?
will quickly assert itself."
The end of the submarine menace,
the monthly increase in new tonnage
and release of ships now supplying
the allies, together with freeing mu
nitions space, Mr. Brand said, wip
greatly increase, tonnage a^a?aole fo
cotton exports.
The text of Chairman Brand's te!
egram is as follows:
"Please read from the rostrum o
your exchange before the ooenin
Wednesday morning, post on the bul- |
letin board and send immediately tc j
each member firm carrying contracts,
the following notice: |
"In order to curb undue speculative
activity it becomes necessary at thi.-:!
time to prohibit further speculative
short selling on the New York and
New Orleans cotton exchanges and
the members of these exchanges are
hereby notified that all further spec
ulative short sales are prohibited
Hedge sales may be made on condi
tion that an affidavit from the sell
er will follow that the sale is a bon=
fide hedge sale against the purchase
of cotton. No selling orders from
foreign countries except in liquidation
of long contracts are to be executed."
Mr. Brand also issued the following
formal statement outlining reasons for
the prohibition:1
"The signing of the armistice bring*
us suddenly to the threshold of the
reconstruction era. Present develop
ments are of-the utmost importance
to the entire cotton world.
"The consequences of unfounded
rumors that tend to .promote vicious
speculative activity and cause unjusti
fied demoraliaztion must be avoided
as far as .possible. In order that
harmful violent price fluctuations
may be checked the committee on
cotton distribution has ordered al
speculative short selling on the New
York and New Orleans cotton ex
changes stopped, and to make thi?
order thoroughly effective, has re
quired that no selling orders except
in liquidation of long contracts be ex
ecuted from any foreign country.
"The stoppage of sinkings by
u-boats, the monthly increase in new
ship tonnage and the releasing of
ships now engaged in supplying the
fleets of the allies, together with the
freeing of space> previously used in
sending munitions to Europe, will
mean a large increase in available
tonnage for cotton exports.
"The world's requirements of cot
ton to meet its increasing demands
for clothing will henceforth be on a
continuously ascending scale. Based
on reports to this committee from
the various foreign countries, we es
timate their requirements and prob
able imports of cotton under present
conditions to *>e over 2,000,000 bales
in excess of last season's takings. ]
"Europe is almost denuded of cot- j
ton and cotton goods. The potential:
buying power of the world which will!
be aided and hastened by the es-;'
tablishment .of the necessary credits j
readily assert itself.'
The 'Hiding Place of Crown Prince
Not Located.
Basel, Wednesday. Nov. 13.?Re
ports that the German crown prince
is with his father in Holland is de
nied in a dispatch from Berlin, un-;
der Tuesday's date. The dispatch j
says he is with his troops at th".
Liverpool, Nov. 14,?The cotton
exchange which has been closed;
since Friday reopened today and
prices fell a penny per pound, the,
maximum decline . allowed on anyj
day's trading. I
j?d Fear not?De( ?0 the en da Thon AJ
M MLIHB PBilffl- j
! Charles J. Brand of Cotton Distrlbu
j tion Committee Issues Order to
I Cotton Exchanges?But Cotton
! Stih Hits the Toboggan.
i New Orleans, Nov. 13.?A telegram
! from Charles J. Brand, chairman of
1 the cotton distribution committee of
j the war industries board, to officials
i of the New Orleans cotton exchange.
I before the opening this morning, aH
I nounced that the board had prohib
j iteb further speculative short seding
! on the New Orleans and New York
j exchanges.
j When the market opened the price
1 of active months promptly fell fully
two hundred points, representing th ?
I extreme range allowed under the
! present war rules.
King Albert Will Probably Reenfer
The City Friday?Disorder Among
German Garrison.
Paris, Nov. 13.?The Germans have
begun the evacuation of Brussels,
and a Dunkirk dispatch to the
Paris edition of the New York Her
ald says King Albert and family will
probably reenter Brussels Friday.
Preparations Under Way by Defeated
Enemy to Evacuate All Invaded
j Territory With Victors to Take tp
j Strategic Positions to Prevent Fiii'
ther Fighting.
The guns everywhere are mute.
Hostilities have given way to prep
arations by the defeated enemy t
evacuate all invaded territory in ac
cordance with the terms of the ar
j mistice and by the entente forces t'.
take up the strategic positions assign
ed to them in order that the foe ma:
be unable to resume fighting,
j Although the British, Belgian
j French and American armies have
stacked arms, they, nevertheless, ar<-:
on the alert for any eventuality Ar.d
thus it is purposed that they shall re
main until the peace which will mi;<;
the world safe for democracy has ?r
rived: ;.:
As the German armies in the west
wend their, way backward across the
Rhine- defeated, comes the cry from
Germany for an early peace. Starva
tion faces the war torn empire.. Ger
many,- which once boasted that it
would throw a circle of iron about
j the British Isles and starve the pec
j pie into submission, today is begging
I not alone for peace, but for bread...",
Magnamimity lies in the out
stretched hands of the allies. The
German people are not to be permit
ted to* perish for want of food. Sus
j tenance in abundance is to be give":
i them, but in doing so undue priva
tions are not to be visited upon the
peoples of the devastated couiitrie
over which the Germans have siwep:.
i In Germany proper the new gov
j ernmental regime apparently is hold
I ing sway. Internal strife seemingly
J has ended, except for a mutiny by th
sailors. It is asserted that the north
j em fleet and Helgoland, the island
j bastion defending the coast of north
j ern Germany, are in the hands of the
I loyalists which have called upon the
j sailors to defend the country from
I the "unheard of presumption", con
I tained in the allied armistice terms
. Amendments of the armistice term?
; to Germany show that the allies arc
! more exacting in their demands than
j was at first reported. The Teutons
j are to be stripped entirely of their
j submarines, those wolves of the se >
I which have caused such devastation,
t instead of 160 as first was stipulated
j A reduction in the quantity of scrne
! of the military equipment to be de
j livered is made, but instead of 50,003
I railroad cars, 150,000 must be sur
| rendered.
j The treaties of Bucharest and
! Brest-Litovsk, it is stipulated, mu?t
jbe renounced and the evacuation c
I the Rhine lands on both sides of
: the river shall be completed within 3 J
; days. The countries on the left bank
iof the Rhine are to be administered
jby the local troops of occupation in
j stead of the local authorities undo."
: the control of the armies of occupa
I tion.
It is again reported that Charles,
lemperor of Austria and king of Hun
igary, has followed the example of his
I chief colleague in the war, Willia: >
j Hoh'enzoilern, and laid aside hi'
Rouinania's New Declaration of
War Against Germany a Defensiv?
Wafehinjgton, Nov. 13.?Rumania's
reported new declaration of war
against Germany is interpreted her.
as preliminary to measures to dis- j
arm and drive out the German army,
under von Mackensen, which has'
been oppressing the Rumanians sine ?
the treaty of Bucharest.
Garrison at Brussels Mutiny and
Slay Noncommissioned Officers.
British Headquarters in Flandern j
Nov. 13.?The German garrison inj
Brussels has revolted against Th-,
noncommissioned officers, according,
to neutrals reaching the British lin^::
from Brussels. Several officers have- j
been killed.
m*t at be thy Country'* Thy God'* a
&.Y, JSTOVEMBEB, 16, 19]
i ?-? !
Defeated Germans Must Comply With
All The Terms and Conditions Set
Forth in the Armistice.
! .London, Nov. 13.?The allied high
I command has sent the German high
, command by the French wireless a
j message saying there can be no mod
| ification of the armistice conditions
; including annexes, at this time. It is
?added that a supplementary period of
I twenty-four hours for the evacuation
j of Belgium, Luxemburg and Lorraine
! has been added to the fourteer
j days stipulated in the original text
I so as to permit the text to reach
[ the German headquarters at the de
sired time.
British Press Quotes Boastful Term?
War Lord Used About the War.
London, Nov. 12.?(British Wirer
i less Service.)?Prominence is give.i
j by the British newspapers to some of
{the utterances made by former Era
I peror William while the war was iv
I progress. In the year 1914, he said:
"Before the leaves fall from th-r
j trees we shall be back again in dear
j fatherland. Exterminate first the
treacherous English and walk over
Gen. French's contemptible JittL
army. The war-like , spirit still live
in the Germna people?that powerfin
spirit which attacks the enemy wher
ever it finds him, regardless of th^
"You, my troops, are my guaran
tee that I can dictate peace to my en
I emies. Up and at the foes. 'Goo'
(goodness will guide the German per
I pie through battle to victory?to ft
goal appointed for the German pec
pie by the Providence. I have draw ?
the sword, which without victory an '
without honor I can not sheath
i again. We stand with our hearts to
ward God?to the dust with all th'
enemies of Germany. Amen!"
In the year 1915 the Gerpian rule
j "Our brave soldiers have shev.-r
i themselves to be invincible in batt:
against nearly the whole world. Tl.
war drama now is coming to- 'it
To the King of the Senussi, he said.
"Our common enemies whom Allah
j will annihilate to the last man, shr!
I fly before thee. So be it."
Regarding the United States; th"
I emperor declared:
j "America had better look out Latter
! the war. I shall stand no nonsenv
j from'the Americans. My destructive
i sword has crushed the Russians. In a
I short while I will announce new vie
j tories. The war drama now is coin
ling to its close. In a just cause I am
ready to force myself to be cruel.'"
In 1916 the emperor said: "
"The world was prepared for any
thing but a victory of the German
j fleet over the British fleet. Fear will
j creep into the bones of the enemy.
"Bucharest has been taken. Wha'
j a magnificent success on the road
j complete victory has been gained with
j God's help.
j "Germany is invincible in spite of
: the superior numbers of our enemie
! and every day confirms this anew
{Germany knows her strength and sh"
I relies on God's help,
j "The foe is defending his native
I soil foot by foot. This is the resist
j ance of despair but it must be broken
j He has prepared his soup and now
j he must supply it. I look to you to
i see to it.
! "All Germany contemplates with
! pride her brave sons whose deed~
\ with God's help will be a landmark
j on the road to final victory."
In 1917 the head* of the German
j nation said:
j "If the enemy does not want peace
f then we must bring peace by batter
i ing inx with iron fist and shining
; sword the doors of those who will no:
have peace.
i "Victory in the coming year will
: again be on our side and on that of
! our allies. If only we can cast the
: burden on the Lord. He will smite th?
i foe hip and thigh as He did Amale'<.
the prototype of perfifdious England.
"Our u-boats are not going to re-t
i until, with God's help, the enemy : 3
j beaten. With the help of God. wh >
! has hitherto graciously protected us.
the enemy shall have a decision.
"In England is particularly the
enemy to be struck down, however
difficult it may be.
"The year 1917 with its great ba;
tles has proved that the German peo
ple has in the Lord of Creation
above an unconditional and avowed
ally on whon\it can absolutely rely.
In June. 1918. the emperor said:
f*God, the Lord, has laid a heavy
b?rde n on my shoulders but r can
earn,- it in the consciousness of our
good right with confidence in our
sharp sword and our strength."
This was followed by various ut-j
terances of growing despondency.
Message From Hungry Huns Presens ;
ed to President.
Washington. Nov. 12.?The appe.;':
of Gorman Foreign Minister Solf for'
intervention by President Wilson for!
a mitigation of the armistice terms to
save Germany from starvation wa - ]
delivered to Secretary Lansing today ?
by Minister Sulzer. of Switzerland,
who sent it immediately to the pres
ident i 1
vBd Tnrtfc'a"
i Dr. Soirs Suggestion for Preliminary |
! Conference Not Likely to Be Taken
I up, Such Unnecessary.
! Washii!Oc0n, Nov. 13.?President
I Wilson was said today to have given
i no indication as to how he regards
! the sugestion from high sources in
i Europe that he attend the great con
J ference which is to reestablish the j
i peace of a war-torn world,
j Most of the president's advisers,
I however, are understood to consider
' that acceptance of the invitations
J would involve needless risk and serve
; no purpose that could not be accom
| plished through the delegates who
j will be appointed to represent the
j American government and who will
I be in constant communication with
j Washington. >
Should the president decide to at
i lend the conference?and some of
j those usually well informed say he
j has an open mind on the subject?
j Vat point would not mean, in the
! belief here, that Secretary Lansing
j would not be a member of the Amer
j ican delegation. It was said that up
i on Mr. Lansing would fall much ot
{the weight of the heavy tasks con
; nected with American participation
in the conference not only by virtue
of his high rank, but also because of
his wide experience in other inter
! national conferences and arbitrations.!
I The proposal ?f Dr. Soli', the Ger
1 man foreign secretary, for a prelim
' inary peace conference had not
j reached Washington in official form
tonight, but it is understood thai
there is little probability of its ac
ceptance. Such a conference is re
garded here as unnecessary and as
likely to uselessly complicate th^
1 work of the general conference when
j it is held.
i Ostensibly, Dr. Solfs proposal *s
j based upon the urgent need of Ger
j many for food -and other supplies,
j but it is pointed out that the condi
i Lions will be dealt with by the Unit
' ed States and the allies in advance o1
j the peace conference under - the gen
! ^ral pledges contained in the armis
i tice -and given by the supreme wa
I council at Versailles,
j Further assurance on this subjeci
j is given the German government b
; Secretary Lansing, who in a note
j iianded today to the Swiss ? minister
I iu reply to one from Frederick Eberl,
the German chancellor, said the pres
ident is ready to consider favorabl;.
the supplying of foodstuffs to Ger
many and to take up the matter with
the allied 'governments upon assur
ances that public order will be main
tained in Germany and ' an equitabh
j distribution of the food is guaranteed
In some quarters here it is sxis
: oected that Dr. Solf's real purpose' r
l to - have the preliminary conference
I dispose of political matters such a*
i the future of the German colonies
! and trade relations between the Cen
! tral Powers and the nations witn
I which they had been at war, in the
hope of being . able thus speedily t I
reestablish German foreign trade, j
i Estimates by Officials for American
Expeditionary Forces.
Washington, Nov. 13.?Officials
! here estimate that the total casual
j ties of the American expeditionary I
I forces in the war will not exceed 100.
j 000, including .the men killed in
[action, wounded, died of wounds, dis
I ease and accidents and the missint
! who never will be accounted for.
Some of those who have been missing
probably will be accounted for when
j the prisoners are returned from Ger
! many.
I It was said today that it will be
I probably several months before the
j record of casualties can be complet- i
j ed. It is regarded as almost certain!
i that many of the casualties in thej
J recent heavy fighting by the First and j
j Second American armies have not ye*-!
i been reported. Lists must be com- j
j piled of unreported American casual- j
i ties in British and French hospitals, j
? especially from among the United j
j States forces brigaded with allied
i units. Deaths from wounds probab-1
! ly will be reported for some time,
j while lists of slightly wounded beins
i sent by courier may be delaj'ed.
j The lists for several days have con- j
j sisted of approximately 1,000 names!
! daily. Secretary Baker has indicate1 j
j that a considerable number of re 'j
\ ported casualties remain to be given ;
; out, but that these will be released
1 as rapidly as newspapers can handle j
I them.
An unofficial tabulation of publish- ?
? ed casualty lists, including those of
. November 12, shows a grand total of ]
' 71,390 men. Careful estimates made;
? today, based on knowledge of the:
battle conditions faced by the First:
: and Second armies in the days imme- i
diately preceding cessation of hos-1
tilities and on the average lists here-:
tofore,. lead officers to believe that i
j all unpublished and unreported cas- j
i ualties will not exceed 30.000.
Estimates based on revised record<
fix the total marine casualties in
France at less than 5,000.
Retiring Rapidly from Tbe Verdun
With American Army,. France, j i
Nov. 14. 1.30?The German troops > <
opposite the First American army ; i
north nnd northeast of Verdun ar^:
reported to be moving northward
rapidly. j
The advance guard of several bun- i'.
dred Russian. Polish and Italian sol- j
diers freed by the Germans in Lor-i
raine, have reached American lines in j \
the region of St. Hiliare today. n
SOUTHRON, Sma?miea Jane, i>&+
VoLXLVH. No. 27.
Germans Warned by French High
Command That Barbarities. Must
Cease Immediately. '
London, Nov. 14, 2.14 P. M.?Ger
man soldiers are committing acts
against the inhabitants of occupied
territory, destroying and pi?aghig,
contrary to the terms of the'entfis
tice, according to a French official
wireless message. The message,,
which is from the high command,
says the allied command expects the
German command to take immediate?
measures to stop the violations. If
the acts increase, it is added, the al
lied command will take steps to end
the armistice.
Pershing"s Men Marching Toward
Metz and Strasshurg.
Paris, Nov. 14, 4.45.?A detach
ment of American troops have crpss-f
ed the German frontier toward Mot*?
and Strassburg.
Great Deficiency and Very Soon
There Wfll be Demand for All Cot
ton, to Be Supplied?Why Prices are
Columbia, 0*ov. 14.-?D. R: Coker,
who has just returned from a two.
months' trip to England and Frafice
as a member of an agricultural com
mission sent by the secretary Of ag
riculture, was in Columbia yesterday.
Iii connection with the work of the
commission Mr. Cbker made some in
vestigations as to the cotton situation
abroad, and got the opinion ?f prom
inent European economists as to the
world's needs of cotton and other
textile fibers. The consensus of opin
ion was that\ there is an accum*al4i- .
ed deficiency'of all textile materials,
both raw and. manufactured,^ in t^ie
world. \
Prof. John A.\Todd of Nott
one of the- world's foremost <
cotton economiesfv thinks that a crop
of 16,(H)0.O00 bales, of
ton! is heeded this year.
The stock of American eott#n in
Liverpool the last of October' %?
listed at about 10.0,000 bales. Mr.
Cbker was informeay' however;* that
not more thanv 10,000 balesM?>ihis
was unsold. Buyers for English mills
were going over the Liverpool market
and buying desirable American cot
ton wherever they could find It eie?
in one to five bale lots. Unsold stocks
of American cotton in England are
practically nothing, although English
mills are now using only 40 per cent,
as much of our cotton as before the.
war. ? j
Mr. Coker believes that a largo
amount of American cotton should be
shipped abroad just as promptly as
the tonnage can be had. Much is
now needed to replenish foreign
stocks, more will. be needed to supply
spindles now idle which may be. ex
pected to start up in a few months In
the allied countries,'and a foreign re
serve for prompt export to Germany
and Austria as soon as our raw ma*
teriaw are allowed to go into, those
countries should be maintainfed.1
Mr. Coker feels that a number of
unusual features have combined '.to
temporarily depress the price of cot
ton. In the first 'place, we have
the earliest crop ever known, and also
the harvesting period has been abso
lutely ideal. This has resulted in a
very much larger proportion of |he
crop than usual being ready for mar
ket by November 1. Th$ unfortu
nate price fixing discussions ill Wash
ington was another uniettliii^ ; fea
ture. It caused wide flucniatiotts and
heavy losses to legitimate cotton inter
ests. During *the past month the
influenza epidemic has shut down a
large number of mills and disorgan
ized the cotton marketing machin-?
ery of the south.
Mr. Coker does not think that it ia
strange that these cumulative;influ
ences should have finally resulted in
a heavy decline. He feels that there
is only one thing that will surely
check the decline and restore 'values
and that is a concerted holding move
ment by the actual owners of cotton.
He believes that in less than six
months there will be a demand 'tor
large quantities of cotton for the use
of new spindles in England and upon
the continent, and with . this -year's
crop only approximately equal to the
world's consumption, he does not see
where this cotton is to come front
without reducing the world's visible
supplies to famine figures. Whatever
the immediate course of the market
may be he feels that there is but one
sound course for the cotton farmers
and that is to refuse to accept pres
ent prices.
College Men in Navy Will be Permit,
ted to Resign.
Washington, Nov. 14.?Secretary
Daniels announced today that college
nen who left school to enter the navy
tnd who now desire to resume their
allege courses, will be permitted to
?esign from the service.
Hie Dismembered Country to Be Rii*
Copenhagen. Nov. 14.?Polish,
roops have entered upper Silesia,
Prussia, a Berlin dispatch says* j

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