Below is the OCR text representation for this newspapers page.

®(jt Mkmfei Sri-Wcdclo Sowmtf VOL. XXIII. NO. 7. Southeastern Fair Ready on Saturday For Great Throngs Annua! Exposition in Atlan ta Will Be by Far the Greatest in History of the South Enormous crowds from every part ©f the eouth, a wonderful array of exhibits, a varied program, and ideal •weather conditions seemed destined io make the opening of the South eastern fair, at Lakewood, Atlanta, ’ * notably auspicious event, as this edition of The Tri-Weekly Journal went to press. I From an educational, constructive, end entertainment standpoint, the great exposition has never before of fered so much of value to visitors as this year. From its opening Sat urday until the final event of the fair on October 26, not a day will pass without offering many features that will promote the agricultural interests of Dixie, as well as afford ing unlimited enjoyment to the thou sands of people who will visit the grounds. The Tri-Weekly Journal has al ready I published articles touching •upon various features that wifi mark the Southeastern fair this year. As Information to hundreds of readers who will likely attend, the following summary, furnished by the South eastern Fair association, Is published at the time the gates are thrown open to the public: "The Southeastern fair, Atlanta, October 16-26, is an exposition of the resources of the* southeastern states, where the staple products ex hibit embrace every important food necessity of the earth’s temperate lone. "The agricultural building in which these and kindred exhibits are shown has thre acres and a half of floor space, a large part of it being de voted to the activities of the na tional government in fostering the agricultural work of the United Slates. "In point of large county and in dividual farm exhibits, the visitor will .see the largest number and most artistic arrangement shown at any fair in the United States. "The apple exhibit will in point of quality compare with the most fa mous orchards of the nation—this r feature of the Blue Ridge section of Georgia is a horticultural activity just in its infancy and the possibili ties were unknown until the South eastern Fair provided a show place for these fruits. "The National Hog and Cattle show, organized by the breeders of pure bred live stock in the southeast ern states, will in connection with the Southeastern fair provide a cat tle and swine show of international Importance. Georgia has the winner of the International Grand champion award for the best Hereford bull in the world, owned by E. E. Mack & gon, of Thomasville, Ga., and will be at the head of their herd at the Southeastern fair. Peacock & Hodge, of Cochran, Ga., own the International Grand cham pion boar of the Duroc breed which Will be exhibited with the finest herd Os Duroc Jersey sw ne in the south. "F. C. Herlong, of Micanopy, Fla., owns the International Grand cham pion Poland-China sow which will be one of his famous herd at the South eastern fair. "To compete with these high pedi greed animals, will come herds from . all the leading live stock producing states of the nation, so that in the great live stock barns of the South eastern fair vi’.l be seen the royal blood lines of the catt’c and swine of the world. International Club Stock Judging Contest "This feature of the Southeastern tair is not only a new effort direct ed toward educating the boys on the farms of ’he United States, how to judge the good points of pure bred cattle and hogs, but it is the only club in existence and is the result of a co-operative arrangement between the Southeastern Fair association and club extension work of the state’s relations service of the Unit ed States department of agriculture. ‘ "Under the plan of agreement judging teams representing the va rious states and foreign nations en gaged in club work, will be sent to the Southeastern fair. Each state > may send two contestants with one alternate to be selected by the state agents under the rules governing the contest. "The boys wil be taken care of in a camp similar to the Southeast ern Boys’ Fair school,, and will have an opportunity to take part in the judging of twelve rings to consist of Hereford. Angus and Shorthorn beef breeds: Jersey, Holstein and Guernsey, dairy cattle; Durock-Jer sey, Poland China, Berkshire and Hampshire hogs and Southdown and Shropshire sheep. No club member may take part who has taken part in any interstate or national judging contest prior to this year or who has been at any time an enrolled stu dent in any college teacnmg agricul ture. "The first prize for the highest t ©coring team will be a free trip to the Royal Live Stock Show in Lon don, England. The highest scoring contest with the state club leader of the winning team will also with the county agent represented by the club member making the highest score, and a Washington club official be given a trip to the Royal Live Stock Show. It is expected that the win ners will be presented to King George and it is possible that a side trip to France and Denmark will be arranged for them, though this is not assured. "This contest has excited interest all over the United States, as it is the most aspiring effort so far un dertaken to promise interest in boys’ agricultural work, and was recog nized by the executive committee of the Southeastern fair as an oppor tunity worth while from every stand point. . “The poultry show is highly inter i esting and one of .its neighbors will be a rabbit show which will seem (OonMaued on Page 7, Column 7) BRITAIN DECLARES AN EMBARGO ON COAL EXPORTS LONDON, Oct. 15.—(8y the Asso ciated Press.) —Unless some wholly unforeseen intervention develops, mere than 1,000,000 coal miners throughout the United Kingdom will begin a strike on Saturday, and the country’s all-important coal industry will be paralyzed. This decision was reached this morning at a conference of the min ers’ delegates, who announced that, in view of the government’s unsatis factory reply to the miners’ claims for an increase in wages, there was nothing left to do but to strike. It was announced that some of the men in the engineering depart ments would remain at work to keep the mines in order. Coincident with the strike decision came the announcement that the gov ernment had placed a ban upon the export of coal, which move will have far-reaching effects upon neighbor ing countries more or less depend ent upon Great Britain for their sup plies. Many of the British industries, no tably in the iron and steel branches, and some of the shipbuilding and en gineering works already are arrang ing to close down. The question whether the railway men would unite with the miners was the subject of deep public cpncern today, but no indication as to its course was forthcoming from tne railway union. The government has made every preparation to cope with the situa tion, to maintain food supplies, ajid to provide for other necessaries. No fear is expressed of a food shortage in the immediate future. In connection with the embargo on the export of Coal the government this afternoon prohibited foreign ships from taking bunker coal American shipping board officials here were told by the British coal controller’s department this afternoon that the order prohibiting the coal ing of foreign ships was issued to enable them to check up available supplies. The officials were given assurances that after this had been done passenger and mail-carrying vessels would receive first consider ation in the allocation of stocks on hand. FARMERSSHOULD NOT BE THE GOAT, ASSERTS UPSHAW The Atlanta Journal News Bureau, 623 Riggs Building. BY THEODORE TILLER WASHINGTON, Oct. 14. —Repre- sentative William D. Upshaw, of the Fifth Georgia district, Issued the fol lowing statement here Wednesday as a delegate to the cotton confer en “The whole crux of the present sit uation seems to be the wrong concept of the purpose for which the Federal Reserve bank was established We had fondly believed that it was es tablished by congress to meet erner gencies and prevent financial panics. It performed this public duty perbly during the world war and the American farmer believes and has a right to believe that this great pub lic servant, tlje Federal Reserve bank, ought to'stand * the breach and protect him when he is about to be caught in a financial crash as the result of war conditions. "No man can talk with Governor Harding, of the federal reserve board, without being impressed with his great ability and honesty of pur pose. but all of us must feel it is a great man’s mistake when he de clares that it was in the plan of the federal reserve system to back up the regional banks and the member banks in order to encourage agricul tural production but that the duty or the big government bank ends before helping to market the products. “We understand that . everybody wants to cut down the high cost of living, but the losses should be equitably distributed. The farmer should not be expected to absorb all the loss by selling his products for about half the cost of production. "The war for reduction should be made on the profits of profiteers and not on the actual cost of necessities. Southern farmers, at least, are not asking for an opportunity to hold cotton for speculation, they are fight ing for their lives in asking certain ly the cost of production and they have a right to expect reasonable help in their essential purpose. King of Greece, Bitten By Monkey; Seems to Be Growing Better ATHENS, Oct. 13.—Physicians at tending King Alexander, who is dan gerously ill as a result of infection from a bite of a monkey, reported today that while the patient’s condi tion was stationary, the outlook seemed better. The highest tempera ture shown by the king last night was 40.4 degrees centigrade (104.72 degrees Fahrenheit), at which time his pulse was 120. At 8 o'clock this morning the fever had dropped to 37.7 Centigrade (99.86 Fahrenheit) and the pulse was 106. Whitfield Fanner Grows Green Cotton DALTON, <Ga„ Oct. 14. C. F. Obriant has 'this year produced about 100 pounds of that green cot ton which brought him fabulous of fers for the seed last year; but he refuses to sell any of the seed. Last year he produced a little of it, and this year he will nave enough seed to raise a fairly good crop. The cotton, of a greenish color, is unusually fine of texture, and the staple is much longer than that of other cotton grown here. Texas Cotton to Be Shipped to Europe FORT WORTH, Tex., Oct.' 14. Announcement was made today that plans had been formulated by the West Texas chamber of commerce and indorsed by Secretary Baker, of the Texas Farmers’ Union, for the shipment of three thousand baleu of low grade cotton to each of three European countries to test the mar ket abroad. The cotton will be shipped at the owners’ risk. ENCOURAGING NEWS FROM WASHINGTON GIVENJOJRMERS Governor Harding, of Feder al Reserve Board, More Encouraging Than Reports Showed, J. J. Brown Says That Governor Harding of the fed eral reserve board gave the farmers' representatives a good deal more en couragement in regard to farm credits than was indicated by the newspaper reports coming out of Washington in the last few days, was the encouraging news delivered by ,T. J. Brown, commissioner of ag riculture, to the meeting of the G'orgia division of the American Cotten association, which opened Fri day morning in the state capitol. Commissioner Brown has been in Washington all this week attending the nation-wide meeting of farm or ganization representatives, held for the purpose of protesting against a curtailment of farm credits by the federal reserve bank. He was a member of the committee appointed by the Washington conference to wait on Governor Harding and the members of the federal reserve board. He left the Washington meet ing yesterday in order to attend the meeting of the Georgia division. Harding’s Attitude » "The attitude of Governor Harding has not been accurately represented in the press dispatches from Wash ington,” said Commissioner Brown. "I have noticed that we can always get very conspicuous front-page pub licity when Governor Harding does anything which has a tendency, to re duce the price of cotton, but when he gives expression to views on the other side of the question, so that publicity would help the cotton mar ket, some of the newspapers for some reason, fail to quote him. "Governor Harding laid down two propositions which are very impor tant in the present situation: “No. 1. That"' the banks of every section of the country ought to be able to finance the commodities pro duced in their section for sale at prices which will yield profit to the producer. “No. 2. The federal reserve bank can and will handle all farm paper presented to them by the member banks. "In vievj of this second proposi tion laid down by Governor Hard ing, we earnestly reqquested him to give encouragement to member banks in handling farm paper, for the reason that his previous utter ances, and the utterances of Secre tary Houston, have created a great deal of uncertainty in the minds of the bankers and have caused them to be extremely conservative in handling farm paper.” Commissioner Brown presented to the meeting a general outline history of the negotiations which have been in progress in Washington since last Monday. He emphasized particular ly the fact that the conference was not composed of cotton growers alone, but of representatives of every line of agriculture in the United States. He declared also that the ver yacute situation now prevailing in the cotton belt is duplicated in every other agricultural section of the country. ( Criticizes Houston Commissioner Brown took oaca sion in the course of his remarks to make very severe criticism of the attitude manifested by Secretary Houston. He did not, however, criti cize Governor Harding. His opinion that Governor Harding is doing everything in his power to improve the situation of the cotton growers. He laid particular stress on a state ment made by Governor Harding to the farmers’ committee, that the price of farm products in his opin ion alread/ has gone too low, and must inevitably take a turn upward. Richard I. Manning, former gover-' nor of South Carolina, and chairman of the organization committee of the Cotton Export Corporation, recently launched in that state, under the auspices of the American Cotton as sociation, was scheduled to follow Commissioner Brown on the program of the morning session. His address was to be devoted principally to the export corporation. Ex-Governor Manning presented in detail the plan of the cotton export corporation, the same as presented here by him a week ago at the Atlan ta conference of business men and ankers. The corporation is to have a capital stock of $10,000,000, pay ale in cash, Liberty bonds or cotton at prevailing prices. It is to engage in the business of exporting cotton to European markets, particularly low-grade cotton, to markets in cen tral Europe. In South Carolina, ex- Governor Manning stated, the sub scription of stock is being pushed by every field agent of the American Cotton association, every extension agent of Clemson college, and by the organized bankers, merchants, life and fire insurance underwriters, bot tlers and traveling salesmen. Spinners Back Growers One of the interesting features of the morning session, immediately following the speech .of ex-Governor Manning, was a statement written by P. E. Glenn, of Atlanta, secretary of the Georgia Cotton Manufacturers’ association, that a majority of the cotton spinners of Georgia are in favor of the farmers getting 30 cents or better for this year’s crop of cot ton. Mr. Glenn w<xs asked for a speech, but had been called away from the meeting before the chairman learned that he was present. His memoran dum of the attitude of the Georgia spinners was left on his registration card, however, and was read out to the meeting. It was received with keen interest, and was generally con- (Contlnued on Pag© 7, Column 4) ATLANTA, GA.,, SATURDAY, OCTOBER-16, 1920. A BIG ONE - x a |\ \ Your \ MOIZTHS fc; HL I -'1 ''ll illllp f ■ ATTEMPT TO LOOT 2 CHURCH SAFES MADE IN ATLANTA Robbery of safes in two leading churches was the main object of yeggmen who operated in Atlanta Thursday night. The safe in the Second Bapitst church, at the corner of Washing ton and Mitchell streets, was blown and sl2 in currency stolen. An at tempt to loot the safe in the Central Presbyterian church, located direct ly opposite the state capitol and on ly three doors away from the Sec ond Baptist, also was made. Janitors reported the cases to the police early Friday. Entrances to both churches were effected through windows. Police expressed the be lief that the same partie.s perpetratd both offense, and that an organized crew *of safe blowers are now at work over the state. They point to a news dispatch from Augusta Wed nesday, which tijld of the robbery of a safe in a leading church in that city. Our “Newsy- Farm” Offer Tri-Weekly Journal O O O Weekly Commercial Appeal i Better Farming > e Gentlewoman f’ —AH for one year J Only $ l 5O No Agents Commission Allowed The price of the Tri-Weekly Journal, as you know, is $1.50; however for a very limited time we are going to give you the opportunity to take ad vantage of the above offer. In other words you get for the regular price of the JOURNAL a week ly paper, a farm paper and a home magazine. Can you afford to let this opportunity slip by? You will note that we are not allowing any agents’ commission on this offer, which means that since our regular commission is 35c, this amount has been deducted from what we would or dinarily charge, therefore you get the advantage of a very low price, provided you will act right now. We are right frank to admit that we do not expect to be in a position to continue this offer for any great length of time, so in order that you may be sure to get it—SEND YOUR ORDER WITH OUT A MOMENT’S DELAY. COUPON Name P. O R. F. D 5tate....... “Curb Market” for Liquor Operating in N. Y., Say Officials NEW YORK, Oct. 15.—Frank L. Boyd, supervising prohHjltion en forcement agent, for state, has orders from federal headquar ters in Washington to investigate the reports of the existence of a “curb market” on contraband liquor in the Bowery, it was learned Wed nesday. According to published reports, the traffic in liquor in this section has become so thriving that the bands of bootleggers engaged in sup plying saloons and speak-easies have hit upon the plan of modelling their market after the curb market of the financial district, in order to facilitate transactions. Within a short distance from po lice -headquarters large transactions in liquor are said to have been made, the actual supplies being kept else where in trucks ready for immediate delivery. The market is said to be open from late evening until the early morning hours, and the brok ers change its location occasionally in order to avoid detection. M’SWINEY CASE WILL BE SOLVED BY DEATH ONLY BY WEBB MILLER (United Press Staff Correspondent.) LONDON, Oct. 15.—Death only can or will prove definitely whether Ter ence MacSwiney is fasting his life away or whether he is taking nour ishment in the hope that some turn of fate will release him from prison without making him a laughing stock. / A personal investigation at Brixon prison, where the lord mayor of Cork today began his sixty-fourth day of fasting, yielded this information: Friends and relatives vehemently declared that the only sustenance given MacSwiney has been a thin cracker each morning in communion. Prison officials and attaches of the home office refused to talk, declaring it is the policy of the government to maintain silence. Irish office officials admitted, however, that if the gov ernment were able to explain evi dence of feeding they doubtless would be glad to announce it to the . world in the hope of belittling the mayor. Meanwhile a controversy rages. Millions of British people, in the ab sence of compelling evidence either way, believe the lord mayor is taking food. They do not believe a man suf fering from lung trouble could have lasted beyond all authentic records with nothing more than a wafer, hot water and salt solutions. Aside from the three prison phy sicians and a half dozen nurses only ten persons are known to have seen MacSwiney. Five of these were rela tives and the other were Sir Norman Moore, eminent physician, who exam ined the prisoner at the request of relatives; Art O’Brien, the bishop of Cork; Archbishop Mannix and Father Fogarty. All these, with the excep tion of Moore, said they wete willing to say under oath that no morsel of food had been taken by MacSwiney. Moore refused to comment. A heavy police guard halts news paper men at the gate of Brixton prison. I was unable to cajole them into allowing me a glimpse of the in terior. At the home office I was re ceived courteously, but with the im perturbable statement that nothing could be said regarding MacSwiney. There was no explanation except that it “was the policy of the govern ment." (Copyright, 1920, by United Press.) MAYOR BREAKS RECORD FOR LENGTH OF FAST NEW YORK, Oct. 15.—Lord Mayor Terence MacSwiney, of Cork, hun ger-striking in Brixton prison, Lon don, appears to have broken all rec ords for legitimate fasting, -accord ing to data available here today. This was the 64th day of Mac- Swiney’s self starvation. The longest fasts on record fol low: Dr. Tanner, New York, 40 days, 1880. Griscom, Chicago, 31 days, 1881. Signor Succi, New York, 45 days, 1890. M. Alexandre Jacques, London, 50 days, 1891. Signor Merlatti, Paris, 50 days, 1886. Auguste Christensen, 35 days, 19)1. Breaks in Church To Get Warm Bed John Folds thought that it was too cold Tuesday evening to sleep under the canopy of the sky. Where upon he decided to seek a roof and a softer bed than the grass. Wednesday morning, early passers by noticed that a window was brok en in the Westminster Presbyterian church. Boulevard and Ponce de Leon avenue. The police were called, and upon entering the church John Folks was discovered, sleeping gently in one of the cushioned pews. He told the of ficers he had broken the window and entered to find a sleeping place for the night, but Recorder George John son held him on a charge of bur glary. Houston Reiterates Refusalto Assist Nation’s Farmers IM WHS' INDICTED BI Jffl IT CULM. ALA. White Men Arrested and Put Under Bond for Alleged Threats Against Cotton Gin CULLMAN, Ala., Oct. 15.—Two white men, Edmund Voss and Duck Yarbrough, of Blount county, indict ed by a Cullman county grand jury on a charge of threatening to com mit arson, were arrested and brought here today, where they each gave bond in the sum of $1,500 for subse quent appearance and trial in this county. The indictments returned against the two men, according to Sheriff J. W. Lambert, of Cullman county, resulted from the alleged visit of the men to a gin near Fairview, Cullman county, where the opera tors were told to shut it down or suffer the consequences. The arrests are the first made in connection with night riding activities in this coun ty, where a number of gin plants and mercantile establishments were posted with warnings .ten days ago to close down until cotton reached forty cents a pound, the posters be ing charred squares of cardboard with matches fastened to them. Tennessee Gin Burned MEMPHIS, Tenn., Oct. 15.—First indication of possible ’night-rider” activity in west Tennessee was re ported today in < a dispatch from Somerville telling of the destruction by fire last night of a cotton gin and eighteen bales of cotton at Warren, Henn., six miles west of Somerville. The gin was valued at $12,000. Cotton Is Burned LITTLE ROCK, Ark.. Oct. 15. Destruction of a barn with eight bales of cotton and a quantity of hay and corn, on the G. W. Mathews plantation, near Clarendon, and the posting of notices in Monroe county, warning planters not to pick their cotton, were among the activities at tributed to "night riders? in Arkan sas last night. Investigation Ordered COLUMBIA, S. C., Oct. 15.—Gov ernor Cooper has requested W. A. .McSwain, state insurance commis sioner, to investigate threats against cotton gins in this state. There have been threats against gins in this state. "Shet this gin,” read one in Richmond county, "or we will shet it for you.” LAURENS. S. C., Oct. 15.—The ginnery at Lanford Station, twelve miles north of Laiirens, was warned last night to close down after Oc tober 30. As at Mountville, where the ginnery was posted Tuesday night, threats were ignored and the gins were in operation at both places today. Gin Is Burned WICHITA FALLS, Tex., Oct. 15. Fire early today destroyed the J. B. Jamison cotton gin here. The loss was estimated at $21,000. Warned to Shut Gin FAYETTEVILLE, N. C., Oct. 15. A warning to shut down its gin in this city has been received by the McNeill Milling company. The no tice, sent through the mails and postmarked “Fayetteville,” read: “Notice: If you value your prop erty, shut down your gin until forty cent cotton. First and last notice.— F. R. Association.” James D. McNeill, president of the concern, presided at a meeting last month of the Cumberland County Cotton association, which urged farmers to hold cotton for higher prices. Mr. McNeill said he regarded the warning as the act of a lunatic and that it would be ignored. It was the first notice of the kind re ported in North Carolina. Harding Bombards Democratic Record On Southern Tour LOUISVILLE, Ka., Oct. 15. he administration’s attitude toward for eign trade, the Wilson policy in Mexico and the league covenant written at Versailles, were the spe cial objectives of Senator Harding’s assaults on the Democratic lines in his campaigning today and tonight through the borderland of the solid south. Charging that "secret diplomacy,” as practiced by Democratic officials, had kept American business men from learning of trade opportuni ties abroad, the Republican presi dential nominee declared the state andx commerce departments must be reorganized to give more active aid in developing commerce with other nations. The president’s Mexican policy he denounced as having brought dis trust in Mexico, and humiliation at home, and he advocated a program of amicable relations to insure pro tection of American interests on Mexican soil without interfering unduly in the internal affairs of the Mexican republic. Revised Figures of Census Announced WASHINGTON, Oct. 14.—The cen sus bureau today announced the fol lowing revised population figures:' Coffee Springs, Ala., 312, previous ly announced as 1,862; Berkley, Cal., 56,036. previously announced as '5- 886; Oakland, Cal., 216,261, previous ly announced 21*,3 61; Santa Clara county, Cal.. 100.676, previously an nounced as 100,558; Appling county, Ga., 10.594. previously announced as 9,866; Pratt county, Kansas, 12,909, previously announced as 12,837; An dover, Mass., 8,230, previously an nounced 7,489- Essex conty, Mass., 482,219, previously announced 481,- 478; Wyoming county, N. Y„ 30,314, previously announced 30,077; Parker county, Texas, 23,382, previously an nounced as 23,482; Pulaski, Va., 5,- 282, previously announced as 5,277; Wayne, W. Va., 446, previously an nounced as 981, name changed from Fairview since 1910. 5 CENTS A COPY. $1.50 A TEAR. Declines Federal Funds Des pite Vigorous Appeals by Leaders in Agriculture at Washington Meeting The Atlanta Journal News Bureau, 623 Riggs Building. BY THEODORE TILLER WASHINGTON, Oct. 15.—Most of the delegates to the cotton and ag ricultural conference were return ing home empty-handed today so far as any assurances from the treas ury department are concerned In their efforts to obtain federal assist ance for agriculture. President Charles S. Barrett, of the Farmers’ union, will keep a committee here to continue the fight, and Senators Hoke Smith, Ellison D. Smith, Har ris and Overman were still hopeful of some action, but the Thursday 1 developments were by no means sat isfactory to the distressed farmer representatives. A statemeht covering the whole credit situation was being prepared by the federal reserve board and its agents, in conference here, and It was expected that it would be made public tonight. On the committee which is look ing after the interests of farmers, are representatives of each of the thirty agricultural commodities rep resented at the convention. Some members of the committee are in fa vor of delegating representatives to confer with the American Bankers* association at its convention here next week, in case the forthcoming policy of the reserve banka is con sidered unfavorable to the farmers. A long conference was held Thurs day night between Mr. Barrett, the two Georgia senators and a commit tee representing the farmers’ meet ing, and the party afterward went to the home of Secretary Meredith for further discussion. Secretary Mere dith, of the department of agAcul- * ture, will do everything possible to obtain relief for the farmer from the treasury department. The Atlanta Journal News Bureau, 623 Riggs Building. BY THEODORE TILLER WASHINGTON. Oct. 14. —Secretary Houston reiterated today to repre sentatives of agricultural interests in conference here that the treasury would not be a party to the with holding of any.commodity from the market in obder to maintain artifi c.ally high prices..- Another conference with Governor Harding, of the Reserve Board, was held by tlie general committee of the cotton conference late today. Gov ernor Harding, who alone heard the farmers yesterday, had other mem' bers of the board present this after noon. Thb second conference was ar ranged after Secretary Houston had given the delegation an unsatisfac tory answer only this afternoon and the final attempt of the committee to obtain some promise of federal as sistance for agriculture. Spokesmen for the delegation were frank in their criticism of Mr. Hous ton’s recent statement that prices had begun to recede, but the secre tary told them as frankly that his statement properly represented condi tions. The delegation sought mainly to have the treasury revive the war finance corporation, arguing that through it they would be able to ob tain funds to finance exports which they claimed were falling off, cre ating a stagnant market. Secretary Houston asked if ■ member of the delegation would loan directly on German bonds or other securities, explaining that previous appeals of cotton producers were that the government should make available to them the German mar ket. A heated colloquy between the secretary and Senator Smith, of South Carolina, followed. "Germany must live,” the sena tor said. “You know she must live. I see no reason why her bond should not be accepted. I would reply to your direct question: Yes, a thou sand times yes, for, as I said before, Germany must live or the world pays the price.’ Senator Smith told the secretary that he was "the one and only one” in the government who coujd direct resumption of governmental activities which would relieve the situation complained of by the agri cultural interests. Secretary Houston explained that the treasury was constantly in the market to borrow money for the payment of current bills. He told them that the war finance corpora tion could obtain money only from the treasury and that if it were to loan it meant only that the treas ury's borrowings would have to ba Increased and the government would have to call on the people contin uously for more money. Senator Smith declared that if such were necessary, it was the / proper course to pursue. He said he had no objection to another poular loan if the exigency required. Secretary Houston said the decis ion of the treasury not to revive the war finance corporation had been ap proved by the president and “numer ous prominent senators and repre sentatives.” All were familiar with the problems with which the cor poration would deal if it were re vived. the secretary said, adding that the co" ensus of opinion was that the benefits derived from restoration of the corporation would not count er-balance the evil effects it would have on the general money market and credit conditions. The war finance corporation pro posal, Mr. Houston said. would amount to this government’s lending money to Germany and other nations in central Europe with which to buy American farm prooucts. "The government is not prepared.” he said, “to go into the banking busi ness accepting as collateral the fed eral state or municipal bonds of Germany. Farmers of the country, so far as I now can see. must de pend on the regular agencies to get money to handle their crops—that is the banks. I trust this will re sult in a gradual and orderly with drawal of the situation in which we now find ourselves.!’ Stormy Session Mr. Houston received more than thirty officials of farm organizations at a conference beginning at 10:30, which was still in session at 1 o’clock. The conference at times be came stormy. Senator Smith. of South Carolina, and J. S. Wanna maker, president of the American Cotton Growers’ association, pressed for the re-establishment of the fi nance corporation under a special clause to stimulate trade. The farm ers several times applauded Sena tor Smith’s speeches. "If it is necessary to lend money to starving Germany to enable them to buy from us, I would do it through (Continued on Page 7, Column S)