The Banner-herald. (Athens, Ga.) 1923-1933, August 17, 1933, Home Edition, Image 1

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The Banner-herald., August 17, 1933, Home Edition, Image 1

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Newspaper Page TextCOTTON MARKET MIDDLING.... - PREV. CLOSE :l/° «.000/2C F'- 101. No. 185. CRITICS HAMPER COTTON PRICE RISE [ovemnor Talmadge Attacks Roosevelt’s Recovery Program DISMAL FAILURE overnor Says Recovery program . Has Strfuck - - . Bctumbling Block in His 1 Specch at Oglethorpe B INTRODUCED BY ] HIS FORMER ENEMY e I gain Reviews Contro . . ersy With Highway Be.:rd and P. S. C. ‘ OGLETHORPE, Ga.—Governor gene Talmadge severely attack-} b president Roosevet’s econom:e covery program in a speech to‘ veral thousand people here )’E’S-\ rday, particularly scoring the | biton ‘reduction program as a fismal failure.” | The governor spoke at a meet- B held in honor of W. Eugene iburn, one of his recent ap intees to the State Highway ard. He was introduced by W. | Anderson, editor of the Macon elograph, a former bitter politi- Bl enemy. Talmadge has recently wurged e people of the state to give the bosevelt program a chance, but esterday he had no kind words r the President and NRA. Stumbling Block The national recovery program, e governor charged, has ‘struck stumbling block and I want the ewspapers to broadcast it to the orld that unless something is bne to raise the price of eight .nt cotton and three cent hogs | hd dirt cheap corn and peanutsi hd other farm products, there ls‘ BNz to be desolation in this land | i i o national calamity ct)rlf’!‘ont-l| g US s Governor Talmadge said he had cither supported nor opposed the lan to plow up part of the cot-| n crop to boost prices but that B we can all see how dismally has glilr-tl." Against Nature [ felt that it was against na ire to do such a thing and/ we re paying for it now. Cotton is ir below the price of last year nd we are paying for it now.‘ otton is far below the price of ist year and yet everything the | irmer has to buy has skyrocketed | n price. ‘There can be no real rosperity in this nation until the uying power of the farmer has een increased and we all know! II well that it will soon be elim-l 1 altogether at current pricesl f farm crops.” Y | The governor again revie\ved' is controversy with the Highwayl (Continued on Page Eight) ! i N 1 T « Raymond M. Davis, Veteran Railwa C Di onductor, Dies Raymond M Davis, sr, 52, of At!:-l " veteran conductor on thvi uthern Railroad and for many | i on the Athens-Lecla branch, fied in an Atlanta hospital W'ed—{ I‘_‘ v night, following a twu-dayi Davis was transferred to thci tin line of the Southern railroad | lew months ago. He was one 01'} ¢ best knowr =en of the South 'n railroad system and had lived‘ N Athens for nine years, at 169 | 'ginia avenue. e funeral will be conductod( ; the Prince Avenue Baptist | flurch, of which he was a mem-! . Friday at 12 o’clock noon. ‘v. T, W. Tippett, pastor, zissi3-1 by Rev. John Tate, student " of the First Methodist h will officate! Imerment‘ !l be in the Oconee Hill cemetery. e following railroad men willl ! as pallbearers: Tom 'Moore, E rt Meister, Milton Clapp, Royl “T¢izeale, Joe Harrington, Guy Cams, Arther O, Oos, and Dan‘ " in. Members of the Order of A ”"".“' Conductorsy, [Brdtherhood' " Irzinmen, ana Frank Harde “n chapter of the Order of De- | "oliy will form an honorary es-l it hf“"" was & member of thpl Lder of Railway Conductors and odmen of the World. He \\'asj ; in Toccoa, Ga. Surviving Mr. - Vis are his wife, Mrs. Bessie L three daughters, Mrs. Gonrge' ' Deibert, Athens; Miss Mildred ; S and Miss. Dorothy Davis; ' sons, Raymond M. Davis, jr., [''ens, and Charles Davis; two foienn Mrs. W, H. Taylor, Toe i and Mrs. W. J. Davis, Atlan . three brothers, John Davis, 0 OWALLG L W B D, ROORON, 111 W, 8. Davis, Baldwiz. McDor = 1“"‘!“1208 Funeral - Home inl ge, ] FULL Associated Press Service. Crime Wave Is Turned Into Cloudburst as Poison Works Overtime Throughout Nation SLAYS BANDIT ! ’ | e e, L R S . e G AR T ; i RS R SRV SR | o , £ & . § e e e N B Bo R B L g G e = 4 BB R R s @ R Wi S . ﬁi % so s e Rose Ruda’s smile belies her bravery. The 18-year-old Cin cinnati waitress, who was born behind the battle lines in Bel gium, daughter of a German soldier and Belgian mother, shot and killed a bandit who at tempted to hold Alp the restau l rant where she was working. Rose was wounded in the arm. | 4 Je i el ‘ . - Officials Say Exact Num ;’ . ber of Deaths Will Never ~ Be Known : % i . HANKOW, HUPEH PROVINCE (Central China) —(AP)— Wide ispread floods of the Yellow riverl in Nerthern China were saidi Thursday to have caused 50,000 ‘deaths in the last few days. ‘ 5 Officials of the Kinkow-Hankow! ‘railway, in giving this estimate,l said that many more undoubtedly! ‘had peirshed since dikes began breaking over a wide area early ‘this month but that the complete total will never be known. ] ~ To add to the misfortunes of the destitute population, bandits have appeared in the submerged areas in Honan province north of here andi are plundering towns andg villages,] robbing the victims of everything valuable that can be carried away-l Dozeng of towns and villages inl western Shantung were destroyed‘ Thursday as the flood waters mov—f ed slowly toward the river's mouth.i ~ Thousands were made homeles&l Many clinging to treetops when tho} dikes broke were swept to their ‘death-‘ 1 All crops in an area 50 miles long and 20 mileg wide in western 'Shantung were destroyed. 1 | Near Kaifeng, a city of 177,000 in Honan province, 1,000 pmsants‘ 'were drowned in a few minutes ‘when dikes broke ad impounded waters rushed over a large area. | | The flood of the Yellow river is )considered the worst of¥ several 'scourges in Central and Northern ‘China this summer. Earlier this ‘month 10,000 pesons drowned in floods of the Chiang river in north central areas. Two hundred vil-| ;lages were destroyed. i Jobless Get Chops, l . 9 i Bacon and Cracklin’s | - Bought by Government i - i WASHINGTON.— (AP) —Pm'ki chops, bacon and cracklin’s for: the jobless. g That was approved yesterday byf President Roosevelt. ! The hogs will be among 5,000,- | 000 slaughtered under the Agr‘icul-| ture department’s proposals to lot. farmers kill the porkers they can‘t feed, thus increasing the | value of those that are left. f The federal relief administration | is making arrangements for dis—{ tribution of the wheat. ? Finally, the farmers will be p:aid?i sums vet to be announced for the | hogs they slaughter, the money to| be raised by a subseguent mxg paid by those who turn live swine into marketable 'pork. I Secretary Waliace will discuss | ‘the program in detail in Chicago tomorrow, THE BANNER-HERALD Many Means Used to Poi son Victims in Washing ton, Mississippi, Virgin ia, and New Jersey 'MOTHERS BLAMED % IN CHILD DEATHS | Mrmenlieorppmisiolly lFear of Woman GCiven as Reason' for Shank Mur ! ders | By The Ascociated Press ' In the silence of the Spokane Inight there sounded the vcice of a lwcvman——the report of shots swiftly fired—the whir of a motor car, its headlights dark, racing away; and on the grcund, bleeding from threa i bullet wounds, lay a dying man. | Who killeq Dr. James 1. Gaines? Silent, tco, was the Virginia countryside near Grundy; Silent juntil there came the scream of a ! woman—the sound c¢f five shots fired in quick succession, Then silent once more—with three dead men in an automobile. | Who killed them? /And there is a thicket near iDuver. N, J.; and in thay thicket was found the body of a woman who had been murdered. And a woods in New Hampshire—and the body of a woman who, too, had been murdered. And a penthcuse in ‘F‘asadeﬁqf,' with & woman dead there—murdered, 'like the others. Poison in Whiskey A doctor of Greenwood, Miss., died, He said a woman put poison in his whiskey and watched him as he drank death. They hold her to day in a cell. e ~lt..was grape juice that .carrvied , poison death to four persons in Arkansas. Jelly was the medium a Detroit mother used to poison her two children, but they did not die because when they became ill Bhe could not bear to see them suffer 'lso she called a doctor. ' But two children in Chelsea, Vi, died from poison, and the mother who is blamed for their death still suffers—though she is expected to | recover—from the same potion, ‘I A man is burned to death in an jautomobile at Rockford, 1111. and .|the wife from whoem he wasg seper l ated is being held. ‘Torch slaying” 'again is heard, '? Women are figuring prominently in the current glague of crime. !an Spokane an attractive brunette is being questioned in the inquiry f’into the slaying of Dr. Gaines. She ltold police she was with the L|weﬂlthy sportsman and painless '!practitioner all byt ten minutes of the last two hours of his life. A ‘ (Continued On Page Two) | 'FACTOR FEARING lSixty Selected Offn:el'sl | Guard Millionaire Chica ’ go Market Plunger i CHICAGO,—|(#P)y—A heavy guard! Iprotected John Factor, millionaix‘e] ;}market plunger today from gang fvengeunce for his involuntary part "tin the police effort to entrap his ,Ikidnapers—which failed, | i 'Meanwhile, sixty selected Chica ;igo officers, armed with federal | commissiocns to make their search and interstate affair, scoured the | southern Wisconsin resort region— thaunt of the touhy gangsters—for ltrace of the extortionists who islipped out of their mass dragne‘tl | near suburban La Grange Tuesday. | A death threat telephoned the | speculator, who already reportedly} |nas yielded more than SIOO,OOO to kidnappers who seized first his son Jerome, and then himself, brocght the police detail to his door and a bitter complaint from him. i “] was reluctant to assist the po "lice,” Factor said referring to the' foiled entrapment plans. “Now thatl !they’s failed, ’m left out on the llimb, considered by my kidnapers to have broken my word to pay off |the balance of the ransom and to { shield them.” ‘ . t While Factor, palpably frighten-' ied in his hotel apartment by thei turn of events after the failure ofi ’3OO police aided by airplanes and | elaborate planning to nab his kid- | IhaperS, protested police “horned in” on the final pay off, the Wis {consin search proceeded without | |aid from local authorites. i l The sequads swept through a! | dozen resort towns spurred by be- | ’lief their quarries Jlost at Lal !'Gnﬂnge might seek refuge there! and hopes that additional suspects lin the kidnapings of Willjam Hamm, jr. St, Paul brewer, and Charles Urschell, Oklahoma, City oil millionaire might be appre hended. 2 s Athens, Ga., Thursday, August 17, 1933 l WHITE HOUSE EAGLE l Lt eLT el L { 8 9 E ' L s 00 | pio R e | i 3 : R R L e | g g A . E . k\ 00l R R IR e R %oty | e Bly o (e : o Koo { & 2 cot | ey B W R g | g . o= g e g I L e by & P Ll . e | R e . T O I e sk { ‘:‘,r:'fé5352555555515223525553}55%’75‘:"-.T:~,..:"""" o 1 B R S s G i s.O oG E A g 1 There was a broad smile on the ‘ face ‘of General Johnson when ‘ he called at the White House and noted the Blue Eagle on [ the door. President Roosevelt has seen to it that the *“‘First I Family” has become the “First Consumers” of the country in supporting the NRA drive for . industrial recovery. it | j EDUCATORS UNTE . e : Program Designed to Re ! late Education to Life of . l Individual DAHLONEGA, GA..— A unifiell Ipmgr:un of educational services by Itht- University System of Georgia {was developed this week by the executive officers of each unit in the syctem when they met for a three-day conference here andi sought o define the functions ol the various units and relate s:xme; to the life of the imdividual citizen ]in the state of Georgia. | ! The roprm‘-(?ntutivs*s of the Uni-| |versity System were organized into !;1 council which will meet poriodi-} fv:xlly in a sustained effort to place | | Georgia's system of higher educa- | tion at the uvervice of the ;wopl(nl This, it was pointed out, will hx'i accomplished by a clear definiti(ml ;nf the functions of each college, | the discussion of research projects,:] the developmény of a comprehen- | sive program of community de- | velopment, and through close con‘s tact with the various industries re- | | ported within the state. | While it was pointed out thati the first responsibility of each (rfi the colleges is to train_ the youth[ ;(.f the state into good citizens which | will enable them to become intelli-| Jg('m leaders in Georgia’s eConomic,! religious, and political life, a pro- | lgmm of aduly education and com: | !munity developmeént was distinctly | iem])husizod through the wvarious | discussions during the conference, | | Discusss Teaching | ! Several of the sessions were | igiven over to a discussion of teach | (Continued on Page Eight) ‘ Cobion Cloth Tax - | i - Has Stopped Sales, [ Says Manufacturer GREENVILLE, 8. C. —{(#— £. ;M. Beattie, president of the South | Carolina Cotton Manufacturers ]:msoviutimx, today said the impos ition of the federal processing tax ;in the textile industry had result j,f-d in a stoppage of buying by the ' public of cloths and added that ;rh«- situation is approaching a critical stage. “Mills now are running on or ders already received,” he said, “bu¢ they cannot do this indefi nitely, nor can mills afford to store up goods on account of the processing tax. “Mills cannot continue to oper ate unless they get orders and the | public is not rbuying because of the processing tax.” Print cloth manufacturers have delegated T. M. Marchant and B E. Henry, Greenville textile mill men, to go to Washington to dis cuss the situation with Secretary Wallace and General Hugh s'_ Johnson., The two left for the canitol ves- | terday- and will report their con-! versations to the print cloth men | at a meeting here next week, i }i4 i h MEDIATORS BACKED | f | BY NAA WILL SEEK I | OTRIKE SETTLEMENT . Various Industries As-l fected as Workers Over Nation Become Displeas-' ed for Different Reasons NRA CHIEF IN NEW YORK CALLS PARLEY Oil Leads Way Toward! Position. ' Favorable tol NRA Membership | i 1 By The Aseociated Press Mediators, some of them backed by the NRA, sought today to set tle strikes in such widely differ-4 ing occupations as needle work‘ and fruit /picking. A major induatrial conflict tore the eastern garment business at the heighy of its peak season, Union leaders announced that 60,-1 000 dressmakers in New York, New. Jersey, Connecticut and; jPennsylvania answered a strike; call yesterday in a fight against i“swéatshop conditions.” | ! Grover A. Whalen, NRA chief for New York, was authorized to mediate, and called a mesting for noon today. He hoped for at least a temporary settlement pending {adoptlon of a code for the indus ltry. Strikes in several fruit and veg etable areas of the Pacific coast occupied the attention of authori ties. The California Packing com pany . announced wages would be increased from 17 1-2 to 25 cents |an hour. Strikers at corporation ranches at Atwater and Tuttle, Calif,,»had demanded 30 eents. : 2,000 Workers Parade In Philadelphia more than 2,000 hosiery workers paraded yesterday at the <Cambria hosiery mills, where a strike is in progress, and fater announced that the mill had }reased operations. ‘ Charges of violence came from scattered localities. Two sticks of dynamite were hurled, police said, at+ the home of a Philadelphia cleaning and dyeing plant owner. whose employes have been on strike, In New York, several men pushed into a dress firm, turned off electric power and are saidto have cuffed the owner. The International Ladies Gar ment Workers union :mnounrod' the dressmakers strike had pum-i lyzed the industry in the area cen-l (Continued on Page Two) | HOTEL BUSINESS ~ ON BIG INCREASE ’Postmsm- General Far ley App!auds. Industry For Carrying Big Load | | NEW YORK. —(#)— The hotel |industry, vietim of a building inrgy. the depression and other | maladies, has borne all tribulations | with fortitdue to find business im {proving at last. | Says Postmaster-General James ‘A. Farley, writing in the Hotel ißed Book, publication of the | American Hotel association: ! “No industry of similar scope |and importance has been called iupon to bear a more burdensome load.”” He ' suggests that the sale Eof aleoholie * beverages, when, as |and if legpnlized, be placed in the | hands of hgtel men. | Hotel operators, long in the | vanguard of the crusade for pro | hibition - repeal, contend that re {peal will stimulate their revenues [more than any thing else. The | industry, states Thomas D. Green, I president eof the asseociation, “has bheen the one grand goat in this) ,‘oxr)eriment. noble or otherwise” Beer Has Helped | | Beer has helped some units, but! general business improvement has ‘aided a good many more. Authnr-‘ itative estimates show that for the first time since December, 1929.' ‘total hotel income of a single 'month—that of July—was higher| ‘than in "the corresponding month[ of the preceding year. The gain iwas only 1 per cent, but executives feel it marked the turning point ? Sales schemesg to lure new pa ‘tronage reveal variety and ingen-| uity. Free garage space has be come common. The usual hot-l ' weather rates are in effect this| summer, while several hotels a!‘e! 'going after business with club! rates. | . New England reports the besti tourist trade since 1929. At Chi cago, the Century of Progress ex position s “packing them in,” with ltnml sales for July up 122 per cent over last July, : Price Check Necessary, Dr. Ogburn Declares, Resigning N.R. A. Consumers Board — e o il e . ";:;;«:iifz:‘: 3 *a : SR FEN ) Vi e s g 0 ~ 3 \fv R SRR A : L »' 3 s }’}M , Dr. -Willilam ¥. Ogburn, noted economist of the University of Chicago, is shown at his desk just before he resigned from NRA’s consumers’ advisory coun cil after a dispute with ' Mrs. Mary Rnmsey over policies of the board in checking undue price increases. ‘ h ’August 23 Is Named as ] - . - Final Day to File Agree ments to Reduce coig e | WASHINGTON.— (AP) — All lagreenmms to reduce cotton acre-! age must be fulfilled not la(er‘ than August 28 and checks Wil be sent out rapidly to growersi who have complied with their con tracts, says the farm administra tion. | The deadline was announced by C. A. Cobb, soiton administrator.‘ who urged the signers of con- | tracts to complete destruction of specified crops without delay - , Some checks were sent out Wed ‘nesday and Cobb said the others will be distributed as% rapidly as the required “certificates of per formance” are recevied. About 1,031,000 farmers offered to reduce their acreage in return for benefit payments by the gov ernment and approximately 870.-‘ ibOO offers were accepted, Cobb ‘disclosed. | The way was cleared for issu i:mce of cotton checks to farmers‘ :‘whn participated in the reduction: program when the government irp:u‘hod a decision to extend feed.l seed and other loans to htem. “ It was decided that only those ! farmers able to repay some of the‘ money would be required to offset their benefit payments by return ing some of it on past due debts. Cobb regarded that arrange ment as eliminating any “excuse for further delay” in completing the cotton acreage reduction plan.‘ 2 “The farm credit administra tion has adopted a policy of deal ing with those producers who owe | it money,” the administrator’ con-! tinued. “Everything possible hasl been done to facilitate the con clusion of this cotton adjustmenti program.” ' e LOCAL WEATHER i e Partly cloudy with local showers Friday and in north portion tonight. TEMPERATURE Highest ..cs weve joee e 989 Bahel b i ST B e haa e WRraal L Nt RAINFALL Inches last 24 hours .. 5... T. Total since August 1 .. .. 115 Deficiency since August 1.. 1.40; Average August rainfall .. 4.68 Total since January 1 ..'..22.78 peficiency since January 1.11.23 A. B. C. Paper—Single Copies, 2c—sc Sunday. ! . . . 'Economist, Who Quit in -~ NRA's First Big Row, Fears For Consumers e JOHNSON URGED TO RECALL PROFESSOR Says Ogburn Should Have ~ Full Power to Effect Remedies A By RODNEY DUTCHER The Banner-Herald Washington ! Correspondent. WASHINGTON.—The consumer was getting a splendid break from the NRA for awhile. But it didn’t last. _ Dr. Willlam F. Ogburn, one of ‘the world’s outstanding authori- | ties on where we are, how we got Lhere. and where we're going as‘ ‘the result of social and economici forces, was director for the Con sumers’ Advisory Board. | He ran into a combination of ' indifference, feminine fitters and intrigue. Now he has quit, leaving behind him: A recommendation of policies ' and prgoram for the 2ok T | which he insists are necessary if the consumers are not to lose their shirts. Many angry economists, sociolo gists and statisticians—Ogburn is prominent in. each of these groups ~—who are either working here in ,the New Deal or watching it closely . 4 I . Transfer Ordered Ogburn -had first been ordered transferred to another agency, but his™ prestige was go great that his professional brethren raised a howl, Both Secretary of ,Com merce Roper ~and Administrator Johnson, heads of NRA, ‘quickly called him in and told hin 'to s'ay, that things would be ‘fixed up.” But Ogburn had a program for protecting consumers in the per llod of price increases; he wanted 127,000,000 consumers to know !what was happening to them. He had been working this out with 'hls staff without any help or hin drance from Mrs. Mary Rumsey, chairman of C. A. B. and a mil- Ponniress, until one day he took a rip to Chicago. Mrs. Rumsey, in his absence and for reasons un known, persuaded Johnson to have Ogburn transferred to the gov ernment’s new Central Statistical Board. Ogburn Wouldn't Stay ) Johnson told Ogburn he had been too busy with industry and ‘labor to pay attention to the con sumers’ end of his show. An old army man, he had simply taken the word and side of Ogburn’s titular superior. Now he thought lOgburn ought to stay. Ogburn, - i | }. (Continued on Page Two) | ; CUBA TO RETURN ‘Former President Meno cal May Get Post in New - Governmentl ‘ By JOHN P. McKNIGHT | HAVANA.—(AP)—Cuba awaited ‘today the return from exile of former President Mario G. Meno ical and Colonel Carlos Mendieta ’.and wondered what part they will ‘play in reconstruction plans of 'the new provisfonal government. | Qualifled observers professed to see a possibility that the two fa-| }’mous leaders against the over-‘ }thrown regime of Gerardo Macha do might ride back into favor, {tal.(e an important role in -Presi ‘dent De Cespedes’ administration, }and help solve the political and economic llssues borne of last week’s revolution. ~ Colonel Mendieta. one time con gressman and newspaper editor ‘who first took up arms in 1906 and since has been linked with revolu tionary activities, went to Florida on February 18, remarking that "liberty is crushed in Cuba.” | Has Been in U. S. - General Menocal has been in the United States more than a year, ‘hurlng which time he has directed activities ot a revolutionary junta. As early as February he declared the time was at hand for the rev olution that came last Saturday, when Machado and several follow ers, in their turn, became exiles. The return of the old leaders is viewed with additional interest because of the insistence of the A B C secret society that it will no longer follow old leaders. Joaquin Martinez Saenz, youth ful secretary of the treasury, has started conversations with United States Ambassador Sumner Welles (Continued on Page Two) HSME i‘ i | I i ) | il i As \ T, OVER 52 POSITION i * kg Without Acreage Cuf Value Would Have Been $250,000,000 Less, Is Estimate e e e LA !EUTURE PRICEIS & HOOKED WITH '34 A o l -e— e VRPN Re - Employment Would: . B FERE Tend to Boost Price Fur v PRt ther b | sy | COTTON PRICES UP » = NEW ORLEANS.— (AP) — Cotton valusz staged a spec tacular comeback here today, rallying cg&ﬁb a bale above yesterday’s closing figures. AJ';. j active demand stimulated by inflationary talk in Washing ton was the incentive. Decem ber, the most active position, , advanced to 9.38, or 51 points 7 net up. U By DAN MAGILL . - Cotton farmers are ‘sitting prets ity’ compared with their economie position this time last year, ae-: cording to statistics obtained h,a;'o today, despite political charges that the president's agricultural program is a dismal failure. Thanks to the federal govern™: ment’'s farm recovery program,. cotton is selling today for three cents per pound morz than it brought last year, and the cotton farmer’s crop, if sold today, would net him $160,000,000 more than he received for last year's crop any $250.000,000 more than he would stand to get for the 1933 crop if ithe acreage reduction program. had no¢ been carried out. . =i ' The price of cotton, it is pointed lout. would undoubtedly be lo_w_n;r' {today than it was last year, if the lacreage reduction program ' had not been launched. In additionto that. the price _in the next few months,’ or between now and Jan uary when most of the cotton is quually put on the market, iy tied: lup with the cotton control pro gram for 1934, ki ! In other words, political critics of the program are losing sight of important factors, when they dis {courage the 1934 cotton control |program, by attacks:on the fet‘lyerg,! fgnvernment's policy. and are also: making it pos§lble for the price te drop if the 1984 cotton control program is met with discourages= ment. ¥ l It is recalled that despite the 'fact that cofton sold on an avers. ‘age of less than six cents 4]9:& v |vear, the acreage was incréased, and with cotton at nine cents it l!s logieal to assume that the acres age will be increased over .this l_veﬂi‘, unlesd & control program 4 inaugurated. Fiid i Program Helped ‘:“m | The price of cotton today & dug. ;morP to the acreage [ ‘ In“n'rr:un than anvthing elset"”iz" 5 said. whereas the price I % {w\enks ago, when cotton was 12 cents, was due to the 80!'9‘8'0_‘,-‘} 'duufinn program, plus strong“ﬁ gibility of inflation of the cuprency ‘and an expected total crop 6f%39;- 000.000 hales, Since that timé fn lflatlon has hecome less probﬂﬁ. at least right now, and therterep 'has been officially estima@f:ﬁ? i 12,000,000 bales as of Aumu!;'il ‘Despite the removal of theseifass: Itnrs‘, cotton today is 9 cengufﬂ&;7 : pound. mwmr If the*expected 1933 crop, yi‘h out the acreage reduction "vro. gram. were sold at the price wp}.g:h, would likely follow the laws of supply and demand, it would hring about $400.000,000, =asagains® $540,- 000,000 which the farmer will ra | ceive for his expected 12,0000000 | bale crop. plus $110.000,000 paidto lhim by the government for plow ing up an acreage which ‘would have produced apout 4.000.008 bales, thus making the 19383 &mn : 16,000,000 bales, instead of an estis mated 12,000.000 bales. i Last vear the total supply I'hromxhout the world ‘was 26.000,« 000 baleg, and the average price 'wns less than 6 cents per pound. This year. 88 of August 1, *ha itma! world supply was 24,000.000 bales, according to government lestimatp. If the acreage reduction lnmgram had not removed 4.000.060 'bales from the world suppl¥i' the latter would have amounted to 28,000.000 this vear as ot,‘ Au=nust 1, instead of 26,000,000 bales which twas last year's supply on August 1 | Increased Price ‘ Cotton today is bringing 4598 per bale, as against $30.00 fer last , vear's crop, and the total amount which the farmers would réceive for their estimated 12,000,000 hale crop is $160.000,000 more:. thew thev received for last wvear's® . 000,000 bale crop, and $250,000,0600 more than they would stand to re= ceive if the crop reduction ‘pre gram had not been launched. =~ Critics of the government’s farm S . ~ (Continued on Page Eight) * - v‘ﬁ