Newspaper Page Text
THURSDAY, NOVEMBER 4, 1920.
DON’T SELL A SINGLE BALE OF COTTON
FOR LESS THAN 40C, SAYS SHACKELFORD
Prominent Leader in American Cotton
Avocation Work Gives Timely
Advice.
If cotton growers will only stand
ready, refuse to be stampeded, they
will whip this tight.
Not a bale of cotton should be sold
during the month of November, unless
40 cents is offered.
Cotton todf y by every rule of reason
is worth 40 cents if the cotton growers
will stand out and demand it.
The depression of the price of cot
ton was ulmost a crime. The result
is a tragedy.
Tile decline in price was due part
ly to politics, and partly to an aiti
ficial money panic.
The East and the Northwest thought
cotton at 45 cents was too high. They
threatened. To gain a supposed party
advantage the Financial Government
at Washington started a deflation.
They made a frightful mistake in
starting a deflation with the producer
and raw material. Their policy was
wrong. Deflation instead of being
gradual came with a crash.
The Treasury Department, and the
Federal Reserve Banks said too much—
they Aid too much. They have now
seen their horrible mistake, and are
trying to undo it!
They were trying to bring down
prices. They did that and they also
nearly precipitated a panic.
The bear speculators took advantage
of the situation and started a dri\e
against cotton. They were driving
for 25 cents. They succeeded, with
the aid of Houston, in beating down
the price below 20 cents. That was
cotton.
Then the react fell came. The entire
south aroused ami protested the actions
of Houston and the Federal Reserve
Banks. Silence was demanded of
Houston. He shut up. Money and cre
dit was demanded of the Federal Re
serve Banking System. Both were fur
nisbed.
'The bear raid over. Cotton
began to climb back up.
\ve are now is position to whip the
fight.
Farmers can get all tlie money they
<lesire on their cotton when stored in
■warehouses, up to 80 per cent of its
value.
The Federal Reserve Bank is func
tioning now to the fullest.
There can be no money stringency,
no money panic if this bank will only
comply with the law and do its duty.
It was intended by congress that
these banks should finance the orderly
‘marketing of cotton and other crops.
They must do it.
With ample money for loans on cot
ton, there is no excuse in selling cotton
at tire present prices.
I do not think it wise to refuse
to make these loans and postpone the.
payment of debts. Every farmer who
yets a loan on bis cotton and pays
that much to the merchant enables
the merchant to buy more cotton goods
and this will create anew demand for
raw cotton and the price will increase.
The merchants, farmers and bankers
must all stand together on this cotton
problem. This is the great doctme
of the American Cotton Association.
If the farmer sells this cotton foi
less than 40 cents he is hurt. That
is very close to the average cost of
production. At this price the farmer
allows himself only ordinary wages. It
he gave himself industrial wages, s•{-">
per day lowest, then this cotton crop
would cost 00 per pound to make.
■Count it for yourself. In badly' in
fested boll weevil districts cotton has
cost a dollar a pound and often vastly
more. .
The mills could reduce the price of
cotton goods 33 1-3 per cent and still
pay 40 cents for cotton and spin it m
at a*good profit. They will not deny
this.
Then why should they not pay 40
cents? They will, if the cotton farmers
will refuse to sell for less.
The cotton growers must learn the
facts and hack up their judgment.
r . in October 1. Ib2i>. there was only
700,000 bales of cotton in all the cot
f.i mills of America. This will not
last 30 days —most of it. if not all, is
new cotton. The supply of white cot
toll of the old crop is exhausted. T.icre
is scarcely any white cotton of the
old crop in the world.
This crop is the sixth short crop.
Tl,fs crop "ill be loss than the cotton
actually consumed last year by over a
half million bales.
A cotton famine will stare the world
in the face shortly when all the spindles
are busy again, and when all the mar
kets are open. Germany alone "i’l
take tliree million bales. If we bad a
peace treaty signed with Germany she
would have already bought this nine
and more. ' The prospect now is that
she will buy this cotton before January
1.
Tlie cotton farmer should not become
"frightened because cottcii n.| 11s art
closing. They can not stay closed.
They are out of cotton. They must
have cotton sooner or later, and they
can only get it from the cotton grower.
The can not sell their cotton goods,
they say, because raw cotton is so cheap
that none is being sold, hence there
is no money, and their customers in
the South can not buy cotton goods.
The mills themselves see this. They
see that the South will be broke if
she sells her cotton for 20 cents per
pound, and if their best customers for
cotton goods are impoverished' they
can not buy and finally the mills will
I share the same fate.
For the pftst 60 days there has been
'no real market for raw cotton. If
'the mills would get into the market
and offer a fair price for coton, they
would make a market, and at the same
time create a mrket for their mnufac
tured goods. They will do this, sooner
or later.
In the mean time the cotton farmer
should stand ready and not sell a
bale. Why should they sell if the
mills are not buying? If they sell
regardless, then the speculator alone
will buy at his own price. If the mills
arc not ready to buy, then we are not
ready to sell.
Let us store our cotton, get loans
and pay debts, and then when the
mills are ready we will sell them as
they need it, as they can spin it. Let
us sell them through a period of twelve
.months.
[ The farmer should not be misled
Iby the argument so often made, that
everything else is coming down and
that cotton is also due to come down.
The truth is cotton never did get up
as high as other commodities. Cotton
to have been on a parity with cotton
goods should have been at least 75
cents per pound. Then the argument
would have been good and we would
not have complained if cotton declined
at 40 cents was the cheapest thing in
the world.
According to the cost of this crop we
should get 40 cents per pound for it.
The mills are not out of cotton. This
iis a short crop. The demand will be
great. According to the law of supply
and demand we should get 40 cents.
The bear raiders when they started
the drive against cotton said that the
cost of the crop wouhk cut no figure
in the price. They said that the law
of supply and demand would not great
ly influence or determine the price,
they said that money alone and the
scarcity of money would fix the price,
and that because there would lve little
money to finance and handle the crop,
the price would be very low. They
counted on the Treasury Department,
I and the Federal Reserve Banks to re-
I strict credits, and deny loans. They
have miscalculated.
There is ample funds to lend on
cotton, no lack of money to finance
and market the crop in an orderly
manner.
The price of cotton, therefore, must
' advance.
The financial stringency was arbi
trary and temporary. It is over.
The political situation will clear up
on November 2.
The coal strike in England will soon
be settled.
Cotton by November 5 should be
selling for much higher prices.
Congress meets early in December
and the cotton farmers can appeal to
that body for relief unless it comes
sooner.
Do not sell a single hale.
A Reliable Remedy for Colds and
Croup.
It would surprise you to know the
number of people wlio use and recom
mend Chamberlain's Cough Remedy.
Mrs. J. N. Rose, Verona, Pa. writes
“Chamberlain’s Cough Remedy li s
been used by myself and husband for
a number of years for colds and coughs.
I'also gave it to my little grand-daugh
ter three and a half years of age wlcn
she had croup last winter. It broke
up the attack at once. I have roc m
mended this remedy to many of my
friends and neighbors who -have als >
aged it with good results.”
A Grouchy Comment.
VOf course, women will take natu
rally to the ballot.”
“Wliat-makes you think that?”
“Don't they take naturally f> any
thing on earth that's marked down'."
1 1 1 1 1 '* ’ " ™"’ r '
A Tonic. L-axattve
that will remove the bile from the Liver and
cieftise the System THOROUGHLY without Wiping
or disturbing the stomach 13 truly a Perfect Lax
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LAX‘FOS WITH PEPSIN
J> the name of a Reliable and Perfect Laxative
which scon relieves Sick Headache, Dizziness, In
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LAX-FOS WITH PEPSIN is a Liquid Digestive
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Made and recommended to the public by Pant
dedicine Cos., St. Louis, Mo., manufacturers oi
Trove's Tasteless chili Tonic.
THE WINDER NEWS
* PROFESSIONAL CARDS *
***********
DR. J. 11. MOORE
Veterinary Surgeon
Office over City Pharmacy
Office Phone: 62J—Res. Phone 69
WINDER, GA.
DR. CHARLES HAYES
Athens, Ga.
Specialty: Eye, Ear, Nose and Throat
511 Ilolwun Building
Office Hours: 9 to 12 A. M. 1 to 5 P. M.
E. R. HARRIS, M. D.
Winder National Bank Building
WindeF, Ga.
Office Hours:
Winder: 8:30 to 10 A. M.; 2t05 P. M.
Bethlehem : 1 to 2 P. M.
Phone: Office No. 154. Residence 174.
W. 11. QUARTERMAN
Attorney at Law
Prcatice In All Courts
Commercial Uw a Specialty
DR. R. P. ADAMS
General Practice
Bethlehem, Georgia.
Phones: Office 24. Residence 6
G. D. ROSS
Attorney at Law
Winder National Bank Building.
Winder, Ga.
S. T. ROSS
Physician and Surgeon
Rooms 303-304 Winder Bank Bldg.
Winder, Ga.
G. A. JOHNS
Attorney at Law
Winder, Ga.
Office Over Carithers Bank.
Practice In All Courts.
S. M. ST. JOHN
Jeweler
Watches, Clocks, Jewelry, Cut Glass
and Silverware.
Repair Work Done Promptly
Broad Street Winder, Ga.
W. L. DeLaPEKRIEUE
Dental Surgery
Fillings, Bridge and Plate Work
Done in Most Scientific and
Satisfactory Way.
C. S. WILLIAMS
Dentist
Winder, Ga.
Office Over Carithers Bank. All
Work Done Satisfactorily.
Phones —Office 81 Residence 234.
W. L. MATHEWS
Physician and Surgeon
Suite 410 Winder National Bank Bldg.
Office Hours: 10 to 12 A. M., and
1 to 4 P. M. Residence Phone 213.
Office Phone No. 13.
BETTER THAN
WHISKEY FOR
GOLDS AF'B FLO
New Elixir, Called Aspire”
al, Medicated With I-r • e-T
Scientific Romedies, Use::
and Endorsed by Euro
pean and American Am
Surgeons to Cut Short
Cold and Prevent Compli
cations.
'■t
Every Druggist in U. S. In
structed to Refund Price
While You Wait at Conn
er if Relief Does Not Come
Within Two Minutes.
Delightful Taste, Immediate
Relief, Quick Warm-Up.
The sensation of the year in the
drug trade is Aspironal, the two
minute cold and cough reliever, au
thoritatively guaranteed by tlie labora
tories; tested, approved an 1 m
enthusiastically endorsed by the Jhi.fr 1
cst authorities, and proclaimed by
the common people as ten times m
quick and effective as whisk <'y. ro
and rye, or any other cold, and cough
remedy they have ever tried.
All drug stores are now supplied
with the wonderful new elurr, so ail
you have to do to get rid of tied cold
is to slop into the iv'-we t
hand the clerk half a dollar for a bolt!,
of Aspironal and tell him to p ••• <• 7-0
two teaspocnfuls with fc " 1 ot
fills of water in a glass. Vita \oe.
watch in your hand, take the <u\n'
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back in ~t o m'-nutes if you < • •
feel your cold f idiu.qf awt.yT •r. •
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expect you to try it. Evervb ■ : -
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When year cold or cotv.-k is re-,
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Cmieentrat’on
“I see where a woman had her hus
band halt'd to court for kissing b r
300 times h day.”
“Some women are hard to please.”
“Sure.”
“It's evident this chap wn 1 •
tering his affections around the neigh
borhood. —Birmingham ' Age-Herald.
Big Battle in Winder
“EVER HEAR OF THE BATTLE OF THE WOODEN GUNS?”
During (lie Revolutionary War some “Red Coats” were sent to take
one of tin* Colonists’ forts which was reported to be poorly armed, with
little ammunition and manned by a mere handful of soldiers.
So the “Red Coats” set out in great confidence to take the fort, but
when they came in sight of it they saw that it*bristled with wicked look
ing cannons, so they camped in the snow until the could get reinforce
ments.
After several hours reinforcements came, and the attack was opened
on the fort. Not a gun answered. So the “Red Coats” charged for
ward and found
AN EMPTY FORT PROTECTED BY WOODEN GUNS
So it is with us now. General Calamity has trained his (wooden)
guns on business, but most of us know that Mr. Calamity s guns are
built to scare and not to shoot —just ordinary make-believe guns go
calmly about our daily schedules, selling as usual, buying as usual, plan
ing au'd TRUSTING AS USUAL IN THE GOOD COMMON SENSE
THAT KEEPS THINGS IN AMERICA RIGHT SIDE UP.
Confidence always stableizes unsteady business conditions and con
fidence is best expressed by going right on with whatever you have
planned; if you meant to build a home, do it; if you meant to build anew
out-buildings, do it; if you meant to buy anew cook stove or heater, do
it; and thus show the world that you are not afraid of “<
Wooden Guns. - ’
We have a good line of building materials, anything fron
garret, and when the bouse is complete, wagan shed, mule b:
< r j;ai t, v.e have numerous things to furnish them. Don’t ask the
price. Come along we’ll fix that to suit you.
Wiliiams-Thompson Cos.
Candler B*t. Winder, Ga
WE TAKE GREAT PLEASURE
' IN ANNOUNCING THAT
THE PRICE OF
HERO COLA
1
Has been reduced to the price prevailing
b-'Sre the advance to Six Cents.
T ? e merchants are now able to supply their
tride again at the old price of
- NICKEL.
Ch'TO Cola is bottled in the most Sanitary
and jp-todate Bottling Plant in this sec
tion of the state.
The ufalic is most cordially invited at any
times to visit and inspect our Bot
t? . 1 lant. - ‘ r . | . 1
.
- • OF ATHENS,'
Al i ENS, - - - - GEORGIA
SUBSCRIPTION §>1.50 YEAR.