Atlanta tri-weekly journal. (Atlanta, GA.) 1920-19??, October 21, 1920, Image 1

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Atlanta £ri-ttlccKln Sfourual VOL. XXIII. NO. 9. FarmLoanMember Outlines Means for Meeting Emergency Asbury P. Lever, Congres sional Authority on Agri culture, Urges Legislation . and Co-operation The Atlanta Journal News Bureau, 623 Biggs Building. BY THEODOHE TILLER WASHINGTON, Oct. 18.—Co-oper ative action on the part of farmer producers, assisted possibly by spe . etal legislation, is needed if the “or derly marketing of farm products," Is to be made possible, according to Asbury F. Lever, member of the fed eral farm loan board at present and for a score of years recognized in the house of representatives as one of the authorities on agriculture. Out of the farm credit problems Which have faced and frightened the farmers in the last few weeks should grow In insistent demand that this problem should be solved in such manner that another and similar sit uation. will not be confronted in the future, according to Mr. Lever. The farmer should through a system of orderly marketing of his crops be assured of obtaining at least the cost of production, and, as a secon dary issue to the problem, the -farm er should be assisted in making farm life as attractive in every way as is the life of the city, then only will the probleni be solved, accord ing to Mr. Lever’s opinion review ing the present and past difficul ties. Mr. Lever says the things that are necessary to solve the problem of orderly marketing are as fol lows: The Remedies First, formation of a system of short time credits; second, develop ment of warehouses and- warehouse receipts which will be recognized as the best kind of collateral; third, development of selling agencies through co-operative action of the farmers; fourth, development of ex port corporations to provide for the exportation under the Eage act of farm With this as a foundation, various organizations and agencies can be developed to tend toward ultimate efficiency in the marketing of crops, according to Mr. Lever. For instance, out o- fthe develop ment of selling agencies would grow some kind of an efficient system of informing the consumers what crops are to be furnished, the character and the price, and possibly some oth er system of linking up the co-opera tive selling agencies of farmers and the co-operative agencies of the con sumers. What legislation will be . necessary to build this foundation Mr. Lever was not prepared to say. It is very possible some system of short-time credit will have to be de ’ vised, and there are numbers of sys tems to be suggested. It is very pos sible also that the present farm loan act, with slight amendment here and there, would suffice. The build ing of warehouses and their use is possible under present legislation; the farmers can form their own sell ing agencies without legislation, and the exportation of farm products can be provided for under the now exist ing Edge act. The Main Trouble “The trouble has befin, and is to day, that it / takes nine months to grow our crops, and we have expected to market them in three months,” said Mr. Lever. “If eggs are selling , today at 60 cents a dozen and you tlx a day when all the producers in your community are to market their eggs, you will beat down the price. So it is with farm products under our present system of marketing.” Under the .farm loan act at pres ent it is possible to lend money for a period of six months to assist in the marketing of crops. Mr. Lever said this grant might be made more helpful if the period were extended to nine months. Also he suggested it , might be necessary to provide special 'legislation to lend money to the pro ducers of live stock, as his produc tion extends over a period of as long as three years or more, but this prob lem, he emphasized, might be solved if it once wa» tackled. “We have been too prone to look on this as the problem of the pro ducer and to let the producer take all the interest in It,” said Mr. Lever. "The fact is rhat’every man is in terested in it, as a consumer as -well as a producer, and every man should take an interest in it.” Mr. Lever said the interest in the building and use of warehouses under the warehouse legislation which he shoved through congfress has been of considerable help in the difficulties of marketing, and as this interest is extended and the ware houses increase in number, the prob lem will become less acute. • “The farmer must then get a sell ring agency formed,” said Mr. Lever. ''••The farmer knows everything about • producing his crop, but not much about selling it, and he does not get all the opportunities or advantages out of the existing demand. He should co-operate and go out and get 1 the best sales agent he can get to put his crop on the market. Then he can do without any additional legis lation, I believe.” The First Thing to Do But more than anything else. Mr. Lever has pointed out that until you solve the problem of keeping the young man and woman on the farm, the problem will not be solved, and that problem cannot be solved, he in sists, until you assure the farmer boy of the opportunites of education, of sanitation, of all the improvement; of the city. Otherwise the boy Is going cityward, and the problem grows more acute. The federal farm loan act against which there is expected to be a seri ous drive in the next congress has assisted tremendously, jn the opin ion of Mr. Lever. He said that 126.000 farmers Tiad obtained loans amount- Ing to upwards of $360,000,000 and at t'rates of interest of 5 to 5 1-2 per since, the act was put on the ttatute nooks. The farmers were get ting from $12,000,000 to $15,000,000 monthly when the act was stopped by proceedings to come before the supreme court. Cotton Recovers More Than a Cent on Sudden Demand in Liverpool NEW YORK. Oct. 19.—Recovery of more than a cent a pound in the cotton market was shown during early trading hours here today. December contracts, which sold off to 17.80 yesterday advanced to 18.96 owing to the unexpectedly strong showing of Liverpool and less ac tive selling by southern interests, unofficial reports from the southwest raid holding of spot cotton was more determined. COLD WEATHER MAY HELP END ENGLISH STRIKE \ LONDON, Oct. 20.—(8y the As sociated Press.)—There were no new developments today in the coal strike, which began last Saturday. In all the coal regions, where 1,000,000 miners have laid down their tools, order was maintained by the strik ers. Great Britain’s coal mining indus try has been almost 'completely par alyzed. Reports of idle pits come from all coal fields in England, Scot land and Wales. Sharp autumn weather prevails over the British Isles, and belief is expressed today that this would have an important bearing on efforts to end the strike. The first untoward incident direct ly connected with the coal strike occurred at Ton-Y-Pandy, South Wales, at midnight, when some young colliers collected and started to sing “The Red Flag,” causing the police to intervene. Stone throwing occur red, )>ut the crowd was dispersed. A/considerable number of idlers visited Whitehall, the scene of yes terday’s rioting, this morning, seek ing signs of the damage done to the public buildings. The traces, however, had been largely obliterated. The usual police patrols were some what strengthened, but did not inter sere with the crowds which sauntered through Downing street and other thoroughfares. Strike May Be Widened One feature of the situation last night, which bore possibilities of a widening of the strike, was the pros pect of the 25,000 London commer cial road transport men ceasing work. The men on Saturday night passed a resolution declaring themselves as fully supporting the miners. A con ference was to have been held today to take final action on this resolu tion, but the meeting was adjourned until tomorrow. Meantime orders have been issued to branches of the union throughout the country to have their strike organizations prepared. Should the transport workers in all parts of the country walk out it is estimated that 180,000 men would be involved. By an agreement between the board of trade and the Jockey club racing is to be suspended for the duration of the coal miners’ strike. Announcemerit was made last night of the suspension of the sailings of nearly all the passenger steamers be tween England and Ireland. Excep tion is to be made in the cases- of vessels carrying the mails. The rail roads also are beginning to restrict their passenger service. It was reported last night that in the Middlesborough iron district nearly 30.000 workers have been ren dered idle in the iron and dependent industries as a result of the coal strike. MacSwiney’s Suffering Grows oh 69th Day; He Refuses Medicine LONDON, Oct. 20.—Lord Mayor MacSwiney suffered increased physi cal pain today, the sixty-ninth of his fast. MacSwiney was said to be failing mentally. He refused of fers of medicines. DEATH DEPRESSES HUNGER STRIKERS; CONDITION BAD CORK Oct. 19.—The condition of the Irish hunger strikers in Cork jail has become worse as the result ot depression caused by the death Sunday of Michael Fitzgerald, first oi the eleven to succumb. Joseph Murphy, who was very low Monday, has rallied as the result of medical treatment, but his case is still regarded as the most critical. Severe collapses were suffered by two of the strikers, Donovan and Kenny, early this Tuesday morning. Sean Hennessy, Railly and Upton are also m a critical state. To prevent Irish volunteers from marching in the funeral procession of Fitzgerald when his body was removed this afternoon from the church here to Fermoy, a large force of military surrounded the church and six lorry loads of soldiers and an armored car fell in behind the mourners’ carriages following the coffin. In the business streets through which the procession passed, great indignation was expressed among the people at the military display, fever ish excitement prevailing. Volunteers in long rows, clasping one another’s hands, lined Patrick street on both sides to make a path for the funeral. A dramatic scene was enacted in the church just before the removal of Fitzgerald’s body. The requiem mass was being celebrated when an army officer with drawn revolver, accompanied by four soldiers with rifles, forced away through the throng in the entrance, marched up to the altar rail and preseited the officiating priest with a typewritten communication from great headquar ters, stating that the number of per sons in the funeral procession must be limited to 100, none of whom would be allowed to march in mili tary formation. French Surgeon Will Treat King Alexander For Bite of Monkey PARIS, Oct. 20.—Professor De Bolt, of the Academy of Medicine, one of the most skilled surgeons in France, was en route to Athens on a special troin today to operate upon King Alexander, of Greece, who is suffering from the effects of a mon key bite. The Greek legation here had no confirmation of an intercepted wire less reporting Alexander’s death. The legation said the king was alive at *2 p. m. yesterday. STOPPED HER FITS Mrs. Dellia Martin, a resident of Wurtsboro. N. Y.. writes that she stopped her fits with a medicine that she read about in the paper. She says she has not had a fit since she took the first dose and that she wants every sufferer to know about, this wonderful medicine and what it did for her. If you. a friend, or relative, suffer from these dread ful attacks, you are advised t> send name and address at once to R. P. N. Lepso. 895 Island avenue, Mil waukee, Wis., who is generously of fering to send a bottle of the same kind of medicine he gave Mrs. Mar tin, free, to any sufferer who writes in.—(Advt.) Bars MATCH SKILL INART OF JUDGING cattle ■ hogs Adult Visitors Also Flock to Lakewood —Grand Circuit Races Had Auspicious Opening Monday Wednesday was Merchants’ Day at the Southeastern fair and a large number of Atlanta's business houses closed during the afternoon, and gave their employes a half holi day to take in the big exposi tion out at Lakewood. Such of the business establishments as did not close .. entirely arranged to give a half holiday to as many of their employes as possible. Atlanta’s busi ness interests were well represented at the fair and in conjunction with the regular crowd of visitors from all sections of the southeast gave the exposition a huge attendance to tal for the day. Interest is centering in the judg ing of exhibits in the various depart ments. The judges are busy in the cattle and swine barns, the liberal arts building and the agricultural building, inspecting the displays and making their awards, while the proud exhibitors whose animals and prod ucts have carried off prizes are dis playing their ribbons and medals in prominent positions at their booths and pens. It will take the balance of the week to complete the judging in the various departments, as the number of exhibits this year far ex ceeds anything on record in previous years. In Hereford cattle classes judged on Tuesday! the farm of E. E. Mack & Sons, of Thomasville, Ga., won eleven blue ribbons; A. J. A. Alex ander, of Spring Station, won four blue ribbons; James V. Hill, of Round Head, 0., four; James R. Smith, of Fayetteville, Tenn., three, and W. A. Pickering, of Kansas City Mo., three. In the Jersey classes, the Thomas ville Live Stock company, of Thom asville, Ga., won fourteen first prizes; the Mansfield Hall farm, of Freder icksburg, Va., won twelve first prizes; Meadow Crest farm, of Greensboro, Ga., five prizes; R. S. Tippin of Acworth, Ga., two, and Rockdale farm, of Acworth, Ga., one The international club stock judg ing contest, which is one of the prime featur'es of the exposition this year, Is well under way. In this competi tion boys from a score of states are matching skill in detecting the fine points of thoroughbred cattle and hogs. The winners will be given a free trip to the Royal Live Stock show in London, England, and thus the contestants are putting forth ev ery bit of mental energy they pos sess to win the coveted prize. The boys entered in this competition are members of Boys’ clubs in their re spective states, the contest being under the direction of the National Live Stock Breeders’ organization. Boys’ Fair School Likewise the boys’ fair school is in full swing, with more than 200 Georgia youngsters taking instruc tion in agriculture, animal husbandry and kindred arts. Governor Dorsey delivered an address before the school Wednesday morning, speaking on “Georgia’s Potential Resources.” The fair school is an annual event stag d by the Southeastern Fair association for the benefit of the rising gen eration of Georgians. Boys from the various counties of the state are se lected by _ the county demonstration agents after a competitive examina tion. They receive free transporta tion to the fair and are .quartered in a big camp near the lake under the supervision of Roland L. Shine, as sistant executive of the Boy Scouts of Atlanta. H. G. Hastings, president of the Fair association, and professor J. K. Giles, of the State College of Agri culture, spoke to the boys Wednes day on “Fairs as Educators,” and “The Purposes of the Boys’ Fair School.” On Wednesday night the Fair as sociation "executive committee will entertain the live stock exhibitors at a dinner to be given at the Ruse & Cason case under the grandstand, while on Thursday night the horse men will be the guests of the Fair associatjpn at a similar function. The Grand Circuit races scheduled for Wednesday afternoon include several events or particular interest. There is tliC 2:12 pace for three-year olds, for a purse of and added money; the 2:03 pace for a purse of $1,000; the free-for-all trot for a purse of $1,200, and the 2:15 trot for southern horses for a purse of J4OO and added money. Peter Man ning, the sensational Murphy geld ing, will appear again in the free for-all trotting event. The attendance figures for Tues day show that 53,429 people passed through the turnstiles. This estab lishes a record for the Southeastern fair, eclipsing all previous figures. Big Bay for Kiddies It was “School day,” and if there wereCiny schools within a radius of 50 miles that remained in operation, it is certain that they were attend ed only by a fraction of their regu lar enrollment. For it seemed as though every youngster in the state of Georgia had made up his mind to come to the fair. They came in flocks droves, coveys and swarms. They possessed themselves of the midway, the exhibition buildings and every available foot of the big fair grounds. They swamped the vend ers of balloons and whistles, they climbed pell-mell over the riding de vices and brought smiles of satisfac tion to the “hot dog” merchants who did a land office business from ear ly morn till dewy eve. The children, not the parents, held full sway at Lakewood "Tuesday, and when, far into the night, the crowds began to disappear, it was a tired, but satiated phalanx of young sters that festooned themselves upon ihe street cars and were borne sleep ily home to bed. On Tuesday of last year the at tendance was 16,826, so that the fig ures for this year show more than tlyree times as many people passed through the gates. ATLANTA, GA., THURSDAY, OCTOBER 21, 1920. ©vUy I f//\ / x ? \\ / /// ? ~1 x x \if r & q q /Xs J ' M H r i OF ft fifMlOt I O !! 'F /l t fw ia ii Illi ‘J ■ MI/ x . s' . WW -- .-r«n r r \ SUDDEN RICHES DESCEND UPON ALERT MARSHAL CHARLOTTE,. N. C.. Oct. 20.—The town marshal at Caroleen, in Ruth erford county, should worry if he never finds a pot of gold at the end of the rainbow, because he found a bag of real American money at the end of a moonbeam. This, official, whose name cbuld not be learned here, of the textile manufacturing town ome distance from Charlotte, picked up t bag which fell from a speeding automo bile which passed through Caroleen in the dead of the night. He went immediately to his Lome, so great was his when off ilally in vestigating the nature of the con tents, and he and his good wife spent the remainder of the night counting the money, the amount of which was $22,000. The story is vouched for by sev eral large textile manufacturers who have returned to Charlotte after a business trip to Caroleen. > This marshall was scouting around late in the night in the hope of flushin ga boot-legger or two. The whirr of speeding automobile: cam? to his ears from a distance and he slipped into a shadow to await their approach. Evidentlv the driv ers intended to stop before the post office, across the street from the obscured policeman, but that offi cial had too much curiosity and ad vanced toward, the machines. Then the drivers stepped on he gas and swirled away. As one turned n corner, the official saw a bag fall to the street, apparently unnoticed. Soon thereafter he discover that he was a rich man. Seeking legal advice as to what course he should pursue, the watch man was told it would be proper for him to advertise the fact he found the money and retain possession un til proof of ownership was given. That proof has not been forthcom ing, and, in fact, no one has report ed the loss of $22,000 or even a much smaller sum. The textile men from Charlotte said it was pre sumed at Caroleen that the two speeding automobiles bore the men who recently cracked safes at Grov er and Waco, small towns in this state, where relatively large amounts were reported lost to the robbers. t As the bag contained noth ing except currency and coin, none of the looted establishments seem able to establish ownership. Our "Newsy-Farm” Offer Tri-Weekly Journal ) Ct E A Weekly Commercial Appeal A. I dP H vr Better Farming I ( ~ *—-Al| e year . j CopiQS [ .1 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 advantage of the above offer. In other words you get for the regular price of the JOURNAL, a weekly 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 ordinarily charge, therefore you get the advantage of a very low price, provided you will act right now. THE BLUE RIBBON TWO REMEDIES FOR COTTON SITUATION URGEOONWILSON Georgia’s two United States sena tors and a majority 6f the Georgia delegation in the national house, meeting Tuesday, in the rooms of Senator Hoke gmith in the Piedmont hotel, took steps to relieve the situa tion caused by the drop in the price of cotton and the curtailment of farm credits by the Federal Reserve Banks. They sent a telegram to President Wilson urging two things: 1. The revival of the war finance corporation, which was suspended some months ago by order of Secre tary Houston of the treasury depart ment. The assistance of the corpora tion is needed to finance the exports of cotton to central Europe. It was established for that purpose, and to aid other exports. but Secretary Houston suspended its work before it got well started. , 2. The announcement of a definite policy by the Federal Reserve Board in favor of liberal re-discounting by the reserve banks in the cotton belt of agricultural paper presented to them by the member banks. In addition to this telegram to President Wilson, the meeting sent one of similar import to Secretary Houston. They also sent others which are not yet to be made public. They also sent telegrams to south ern senators and congressmen throughout the belt urging support of the above requests, so as to pre sent a united front in the present crisis. ( After the meeting, those present were guests of Senator Smith at luncheon, and were to meet again in the afternoon. Senators Smith and Harris, Congressmen Brand, Bell, Lee, Crisp, Lankford and Upshaw were among those present. The con gressmen unable to attend sent wires authorizing the use of their names. 3 Boys Eat Dynamite; Immune From Spanking SPOKANE.—Three youths living near here are probably the most dan gerous beings alive today, according to police department. They are lit erally full of dynamite, having stolen and eaten several sticks each. They are not enjoying a particular im munity from parental authority. 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 WITHOUT A MOMENT’S DELAY. No Agents’ Commission Allowed COUPON Name P. ,0 R.F.D State.... MOTHER DENIES THAT GOLD TOOTH HAS DISAPPEARED There appears now to be some doubt as to the status of the gold tooth in the small mouth of Eva Catherine Lee, 8-months-old proprie tor of that modern marvel, who has been a vast sensation at the home of her parents, Mr. and Mrs. John T. Lee, 117 Ocmulgee street, for the last month. It is reported that the famous gold tooth has vanished. The report is denied by the mother, who, however, declines firmly to allow any more visitors, scientific or otherwise, to peer into the baby’s mouth. “The child has been quite sick,” Mrs Lee told a Journal reporter Tuesday. “She has been sick since week before last. I think so much excitement, and people prying open her mouth, and that sort of thing, made her ill. No one but myself has seen that tooth in two weeks.” Mrs. Lee ghntly inserted a finger in i the child’s- mouth. "It’s still there,” she testified. "I can feel it.” Mrs Lee declined to allow the re porter to look, but said she would consult Mr. Lee that evening and if he thought, best she would consent to have the baby taken to a dental office again apd the tooth examined. The report that the tooth had dis appeared came from Dr. T. W. Hughes, who went out to the Lee home Tuesday morning with two wit nesses. “I wanted to examine the tooth so I could make a report on it to the Auto-Hemic Society, which meets in Chicago next December.” said Dr. Hughes. “The mother would not let me look in the little child’s mouth. She said it was sickt She added that the tooth had come out the day be fore, and that she had kept it for a while, but had lost it.” Dr. Hughes said it appeared that the child had been undergoing the not unusual illness of a baby at that age, sometimes known as "summer complaint.” He said it was possible for a tooth to come out of even a young; baby’s mouth, where the tooth was infected, though it certainly was not a common occurrence. Mrs. Lee said to The Journal re porter that someone had been there that .morning to see the tooth, but that she had refused to allow him to see it. “I really don’t remember what I told him.” she said. “I have been very much worried about the baby’s health, and so many people have been here to see the tooth that I have lost track of who has been here and what I said to them." Southern Bankers Plan Outlet for Exports of Cotton FRANCE DENIES SENDING AGENT TO SEE HARDING WASHINGTON, Oct. 19.—Assur ances have been given the state de partment by Count Deßearn, French charge here, that the .French gov ernment hag not given authority to anyone to approach Senator Hard ing with suggestions that the Re publican presidential nominee take the lead in forming a new world as sociation. Calling attention to an official denial issued bv the French foreign office yesterday, the French charge told Under Secretarv of State Davis that tie was assured that the French government had delegated no spokesman to act for it in ne gotiations with Senator Harding either ‘formally or informally, of fically or unofficially.” The announcement of the visit of the French charge to the state de partment yesterday afternoon was made today by Mr. Davis, who said that while Count Deßearn had de livered no formal reply to the Amer ican note of inquiry to the French government, dispatched yesterday, he supposed that the assurances given by the charge were the result of previous communications with his government. Mr. Davis said he did not know whether the French government would content itself with the denial issued formally yesterday at Paris and the assurances given the state department through the French charge or .whether a formal reply would be made to the formal note of inquiry sent by the American gov ernment, at the direction of Presi dent Wilson. It was further state at the depart ment that the American government had never had any intimation of a desire by. the French government to “scrap” the present League of Na tions or to revise it. The White House today was consid ering a reply to Senator Harding's explanation of his statement that “spokesmen” of France had come to him and asked America to lead the way in forming a new association of nations. The senator’s statement was in reply to a letter from President Wil son. who inquired concerning the utterance made in a speech by the Senator at Greencastle. Ind. The White House at the same time let it be known that inquiries had been sent to France* It is believed that if the White House comments further, its state ments will expand on the text al ready put forward in speeches by Secretary of State Colby that France and other members of the League of Nations are prevented from form ing a new association by provision of Articl-' XX of the league cove nant. It was noted that while the Ver sion of Senator Harding’s state ment on which the president based his letter quoted Senator Harding as saying a “representative” of France had talked to him, the notes of his stenographer showed that the sen ator said, “France had sent her spokesmen to me.” It was also noted that the senator spoke of American citizens "deeply ’friendly” to France as well as private citizens nf tailfin" to him. HARDING DENIES FRANCE COMMITTED IMPROPRIETY MARION, 0.. Oct. 19.—Replying to an inquiry from President 'Wilson, Senator Harding wrote the White House last night that, although France had sent her “spokesmen” to l)im informally, asking America to lead the way for an association of nartions. the incident had not in volved the French government in any violation of international pro prieties. . t The senator declared that in his reference to the subject in a speech at Grcencastlefi Ind., recently be only sought to convey the thought that there had come to him “those wbo spoke a sentiment which they rep resented to be very manifest among ‘he French people.” He added that his words “could not be construed to say that the French government has sent anybody to me.” Referring to Mr. Wilson’s sugges tion of impropriety in a foreign na tion approaching a “private citizen” on such a subject, Senator Harding pointed out that he is a member of the foreign relations committee as wel las a for the presi dency and suggested that “an in formal expression to me is rathek more than that to a private citizen.” Tulane College Boys Duck Students Who Bet Against Team NEW ORLEANS, Oct. 20.—Five hundred Tulane university students bolted classes today, captured four of sixteen classmates alleged to have bet on Rice institute at last. Satur day’s Tulane-Rice football game, conducted them to Audubon park lake across from the campus and threw them, fully clothed, into the water. Two city policemen and a park watchman at first tdisputed the rights of the students to administer the duckings, but yielded to force of numbers and allowed the affair to take place. After being ducked, the alleged Rice supporters were per mitted to adjourn to the gymnasium), change clothes and resume their work. Three of those ducked are fresh men medical students, S. F. Tucker, A. M. Parsons and F. C. Shepard. The other, Allan Vories, is a senior in the arts and sciences college. Twelve more students, said to have backed with money their convic tions that Rice would win, are being sought, it was said. Tulane and Rice played a scoreless tie. Twelve-Year-Old Boy Makes Highest Mark At Columbia College NEW YORK. —Columbia university permitted Edward Hardy, twelve, to take the entrance examinations be "aus« “it would Oo no harm.” Hardy made the highest grade on record. His new skull cap denotes his fresh mans hip. Wheat Farmers Urged To Stay Out of Market PONCA CITY, Okla., Oct. 18.—All farm organizations in the United States and Canada have been asked to co-operate in the request by the National Wheat Growers association , to suspend deliveries of wheat from , farms to market at 9 a. m., Octo- ' ber 23, until such time as “the price of good wheat is stabilized at ' $3 per bushel at the terminal mar- J ket.” The request was made in a proclamation issued by the officers J and directors of the Wheat Growers’ < association. It was explained ?3 i is the cost of production on a ten- i year average yield per acre. < Scents ▲ copy. $1.50 A YEAK. Huge Corporation Which Will Finance Europe’s Needs Is Discussed at Washington Meeting The Atlanta Journal News Bureau, 623 Riggs Building. BY THEODOM TILLEB M ASHINGTON, Oct. 20.—Means and methods for the south to meet its own problems with reference to marketing the cotton crop, which would at the same time tend to re lieve conditions so recently complain ed of by the producers who have been in Washington, were inaugurated at anjnforrnal and executive conference of southern bankers attending the American Bankers’ association meet ing called by Robert F. Maddox, of Atlanta. What appeared to be the prevailing opinion among those at tending the conference was for the organization of a corporation under the Edge law of sufficient capital to justify large credit responsibilities, and to use that as a means of open ing the markets of central Europe. With a prospective crop of 12,000,000 bales, as reported by the govern i mont, and a carry-over of 33,000,000 bales from last year, with American • consumption taking not to exceed 6,- 000,000 bales, • thus leaving 9,000,000 bales to be cared for through ex- . ports or other sales, it is admitted I by bankers from all parts of the ■ south that the problem is attended , with more or less seriousness, yet is one, they feel, that the south will be ' able to solve with a minimum of loss. ' The southern bankers are arrang i ing for a general mass meeting to night at which they intend to discuss 1 credit conditions confronting farm , ers, particularly growers, in an effort to work out some plan of ‘ relief. Optimistic Note An optimistic note was found in prevailing opinions about conditions . it was ventured by some of those at . tending the meeting that th/ south Was far from being “broke,” and . that it has met situations in former . years where conditions were equal . ly as onerous. As pointed out by i Mr. Maddox, the south in 1914 faced . what was thought to be disaster, yet it weathered the storm. And he ex- ■ pressed belief that it wotfld do sn • now. The bankers are in little mood I to clash with the officials of the i government over the policies thus ; far announced with reference to ; financing the agricultural produc- • tion as sound banking principles • are applied. > A committee of producers late to ’ day waited upon the subcommittee ’ named by the agricultural section : of the bankers’ association to urge adoption of a resolution declaring for a reduction in interest rates to member banks and the abolition of the graduated rates for rediscounts. • a matter which was threshed ot.it ■ during the conferences of producer?! ! last week. The committee was not 1 asked in the statement, which it, is ' to make to the resolution committee I' of the association, to deal with the ed to be a matter within the scope ’ idea of revival of the war finance corporation, since that is not deem of the association strictly con , strued. Those attending the in ’ formal conference of southern bank : ers accepted the announcement of Secretary Houston on that point last week as being final. It is the ' disposition of the agricultural com- I mittee, however, to confine itself to a statement of the conditions and re- ■ lations of .agriculture to finance and leave for the resolutions committee of the association the adoption of suggested remedies with reference to the interest rates, etc., if such are d ired. The Proposed Corporation It is understood that the idea dis cussed at the conference with refer ence to organization of a corpora tion ’ contemplated apportioning the capital among the cotton producing states on the per bale basis of pro duction. either two or five dollars per bale. At the lowest estimate this would mean a corporation of twenty-five million dollars which would be able to issue debentures up to ten times that amount, and with such accumulated responsibilities attempt to meet the marketing sit uation. Cotton, ordinarilly, bank ers state, is handled on a ninety day basis, but that a longer term* of credit would have to be accorded the European buyer, who is now either curtailing his purchases on ( account of internal conditions or who is out of the market by reason of lack of securities that are regarded as read ily marketable. The first condition it was pointed out, applies pertinently to the sit uation of England, which, while buy ing cautiously in recent months, now faces severe labor troubles. The lat ter condition applies forcibly to the central empires. The idea in its Ini tial stage is that the large corpora- ’ tion created under the Edge law could give close cohsideration to such securities as Germany, for instance, would have to offer, as well as put in operation a workable plan by which transactions can go forward, and which the government of the United States could not undertake, but which England has to a certain ex tent. This involves the dealing in trade acceptances, it is stated, which furnishes a fixed plan of operation. The thought behind the conference, it is understood, was for the south ern financial interests to devise means whereby this or a similar idea could be brought into realization, which would find a response in other financial centers of America, since cotton was the greatest of the ex ported crops. Death Car Driver Is Standing Trial On Murder Charge Frank McDonald, driver of thd death car which killed Mrs. Carobel 'Holley Smith in Atlanta recently, was on trial in the criminal division of the Fulton county supeMor court on the charge of murder, as this edi tion of The Tri-Weekly Journal went to press. The tragedy in which McDonald figured was one of several that brought on a wholesale campaign against speed fiends'in the city. Counts in the indictment against the defendant allege that he was driving his machine recklessly while under the influence of liquor. In his statement to the jury, Mc- Donald denied that he had been drinking and declared that if his own mother had been the victim he Could not have done more to avoid the acci dent.