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Atlanta WMietWrt Bmiriral VOL. XXIII. NO. 11. sf ’e lp ! Z ™"' 'rsWkx?> ( &&&» ?*• Iww y /Z.wiL sHr<JL~(<W):=—. P^»C®2^,am BC2si "worser ''F//7/D- /m!"/ , /A, ' hl ’’OLE ! V '*/' -Worse amp worse •' __~r Death Ends Fast of Mayor MacSwiney On His 74th Day rlsh Prisoner Passes Away at Brixton Prison Despite Forcible Feeding by His Jailers - LONDON, Oct. 25.—Terence Mac- Jwiney died in Brixton prison at 1:40 a. m. today. The Lord Mayor of Cork died with out regaining consciousness at the lawn of the seventy-fourth day of lis hunger strike. With MacSwiney as he died were Pather Dominic, his religious advis ir, and his brother, John. John re named in the prison throughout the light and was not permitted to leave prison until 6:15 a. m. In hat H'nie he was not permitted to :ommunicate with other relatives. MacSwiney began sinking at mid light last night. Officials refused o permit the priest to notify rela ives, according to a Sinn Fein an louncement. The lady mayoress and MacSwin ley's sisters. Annie and Mary, visit d the prison ftt 9 P- m. They stayed |pteeti minutes and left quietly. .The prisoner’s wife made her last •isit to the bedside Saturday after con. but the two sisters had not >een allowed to see their brother ince Friday.* They were denied ad mission Saturday and remained in he prison waiting room all day rithout food. They finally were jected late at night by constables. MacSwiney’s death was believed icar Thursday when he became de irious. His body was racked with remors which continued even after ie regained consciousness. Physicians gave him his first food .s he lost control of himself. They ;ave him beef extract and brandy. The prisoner raged when he recov red and knew from the odors that te had taken food. Thereafter he rag fed whenever he lost conscious iess. Although the food was retain d, physicians had little hope that he rould recover. His mental attitude ras against it and he wore himself ut raging against being fed. It was at this stage that relatives trere deprived of their usual freedom n visiting the prisoner. Physicians irotested that the process of feeding dm made it advisable to bar them. The last outsider to see him was Lrt O’Brien, of the self-determina ion league. O’Brien issued a state ment saying that the feeding of lacSwiney was unnecessary vio ence. After lying in comparative comfort or almost days of his trike, MacSwiney’s last days were lainful and harrowing. Previously MacSwiney had lain on ds bed, packed in hot water bottles, ontentedly receiving visitors and leacefully contemplating the effect f his act on the cause of Ireland Then came his delirium and his irst feeding. There were several de irious spells during which MacSwin ley raved and shouted of the Irish ejublican army, drilling imaginary rlops and presiding over imaginary rish courts. . He swung his arms in exhortation •nd huskily recalled orders. Open ng his eyes he would ask his rela ives if the republic had been firmly irtablished and if Ireland was func fciing as a nation ▼rhe lady mayoress apparently few death was coming when she aw her husband Saturday. "It’s too terrible. I can’t talk ibout it any more,’’ she said when ihe left the prison late in the after loon. She was ill Sunday as a re mit of the long and trying experi ince. . MacSwiney, said to be suffering 'rom lung trouble when arrested Au just 12, went on a hunger strike im nediatelv. He was convicted Augus.t 6 by a military court on charges of •reparing and having in his posses ion seditious literature. Eleven other Irish republicans ar ested at about the same time went in a hunger strike two days earlier n the Cork jail. When MacSwiney was deported to England to be placed in Brixton jail shortly after sentence, he was so fceak that he had tp be carried ioard the steamer 6n a stretcher, (was believed then .that he would e within a few days. The lord mayor lived, however, ith only slight changes in his con ition. He lived to see one of the ther hunger strikers, Michael Fitz erald, die after sixty-eight days of asting. DUBLIN, Oct. 25. —(United Press.) —The Mansion house, residence of he Lord Mayor of Dublin, was raid id by police today. 300 Killed and Hurt In Japan Collision TOKIO. Oct. 23. —Special dispatches ’rom Harbin, Manchuria, today re sort 300 casualties in killed and in jured in a collision of trains on the Chinese Eastern railway near Harbin, victims, the reports add, were Russians. THE TRI-WEEKLY JOURNAL’S BILLBOARD OF HAPPENINGS NEAR AND FAR—BY BREWERTON SETTLEMENT OF , ENGLISH STRIKE SEEN IN PARLEY LONDON, Oct. 25.—Premier Lloyd George and members of the government this morning conferred wjth government experts concerning a new set of figures for wages for the coal miners and production in the coal industry. Later the govern ment leaders and representatives of the miners met and continued the negotiations begun Sunday for a settlement of the miners' strike. Conversations renewed at No. 10 Downing street today between Pre mier Lloyd George and executives of the miners’ federation were confident ly expected to lead to a settlement of the miners’ strike, which last week threatened to involve Great Britain in an industrial crisis. Prominent executives of the fed eration and government officials are quoted by newspapers here as being optimistic of the situation. Couldn’t Vote for Harding, So Jumped Over Niagara Falls NIAGARA FALLS, N. Y„ Oct. 25. Before the eyes of a score of sight seers at Prospect Point late Friday afternoon a man climbed ‘ over the railing, waded out into the river and was carried over the American falls. Too astounded to act the spectators stood by while the man drifted to the brink, waving his hand and shouting: "Here’s where I leave you, good-by.” In a black derby found near the I place where the man climbed the i railing was found a piece of paper on which was written: “This hat belongs to Carl A. Ellis, of Ham burg, N. Y." The description of the suicide corresponds to that of Ellis, who could not be located in Ham burg. ; The 1 owner of a souvenir stand near the falls told the police that the man approached him and laughingly said: “Well. I can’t vote for Harding, so I may as well go over the falls.” Head of Bankers Confers on Plan for Financing Exports NEW YORK, Oct. 25. —John S. Drum, of San Francisco, recently elected president of the American Bankers’ association, arrived here today to confer with New York bank ers on a plan approved by the asso ciation at its Washington convention last week for formation of a nation wide foreign trade financing corpora tion. Bankers of the country. Mr. Drum declared, are fully alive to the need of maintaining and developing for eign markets for American products not required for domestic use, and will do their part as a national serv ice. The executive council of the asso ciation, he announced, has designated the members of the commerce and marine committee which formulated the financing plan as the associa tion’s new commerce and marine c o m m i ssion. Balloons in Bennett Trophy Race Reported Over Lake Michigan CHICAGO, Oct. 25. Drifting northeastward, balloons entered In the James Gordon Bennett trophy race today were reported somewhere over Lake Michigan and Indiana. Lake boats were on the lookout and ready to assist in case of accident. The balloons sailed into Indiana late yesterday. The pilot balloon “Birmingham’’ descended at Vanda lia, 111. It reached an altitude of 12,000 feet just before it landed. Last reports showed Goodyear 11. leading. It was traveling toward Lake Erie from Logansport, Ind. Two balloons passed over 'Pana, 111., late yesterday at a height or 5.000 feet. Windsor, 111., reported three balloons passing there earlier. Fourteen Killed m Cape Colony Clash PORT ELIZABETH. Cape Colony, Oct. 25. —Fot*rteen persons were kill ed and about thirty wounded in a clash between natives and troops and police Saturday following the arrest of Masalababa, president of the native \ workers’ union. The fighting began when a crowd tried to rescue Masalababa from the police station. After two or tliree vain at tacks the mob succeeded in entering the station, whereupon ths police called for the soldiers, who fired upon and dispersed the mob. SOUTHEASTERNHIR SETS NEW RECORDS DURING 1920 MEET Expected That Attendance Mark of 150,000 Will Be Passed Before Gates Close ’Tuesday Night With the Southeastern fair on the eve of closing, Indications were Sat urday night that a new record for attendance would be established. Starting ff with a tremendous swing, the fair has sustained its In terest for Atlantans, the thousands of visitors who have thronged the city all week, and the crowd Satur das’" night proved one of the greatest in the history of the fair association. Although exact figures were not available, fair officials weer of the opinion that it was probably the largest crowd that ever visited Lake wood. Blessed with Ideal weather and boasting the finest and most varied assortment of exhibits on record, the fair already has drawn more than 140,000 persons and indications are that by the time the gates close Tuesday night the figures of 159,- 797 for the year 1919 will be ex ceeded by several thousand. There Will be no "cutting down” of exhibition other attractions for the last two days of the fair. The exhibits, midway, Johnny J. Jones exposition and all will run full blast until the gates are closed Tuesday night. The sole exception is the Grand Circuit races which ended Saturday. . , .. „ n Replacing the grand circuit races on Monday and Tuesday were the motor races, beginning at 2 o clock, and bringing but Disbrow, Leon Duray , Sig Haugdahl and other famous drivers; and daily contests of auto-ipolo. The pageant, “From the Days of Old,” was to be staged Mon day night and again Tuesday night. Attendance Record The pageant, one of the most elab orate events of its kind ever pre sented in the south, depicts in chronological order the historical progress of the south from the time of the Indian down to the present day. Several hundred persons par ticipate in the various scenes pageant and the costuming is par ticularly appropriate. There are red skins, early settlers, colonial types, soldiers of the ’6o’s and a wonderful portrayal of the south’s resources today. The pageant to be pro duced on Monday and Tuesday nights was expected to prove one of the prime features of the last two days of the exposition. Auto polo games, were staged during the automobile racing events Monday and Tuesday afternoons, the All-American and Mid-Western teams battling in thrilling fashion, with mixx-ups aplenty to satisfy the most rabid of motor fans. Another world’s record was estab lished at the fsdr last week. The roller coaster on Tuesday carried 22,905 persons, which the amuse ment officials say is more than ever before in the history Os roller coas ter operation. Tuesday was “School Day’ - and yougsters from far and near inspected everything on the grounds taking full advantage of the attractions along the midway. Governor Will Ask Gins to Close Until Cotton Price Rises NEW ORLEANS, La., Oct. 25. Governor John M. Parker is expect ed to issue a proclamation Monday calling on every cotton ginner in this state to close his plant until the de pressed cotton market reaches a price that will enable producers to dispose of their crops at a reason able profit. \ At the same time, the chief ex ecutive will send a message to gov ernors of every cotton growing state urging them to take similar action to save the cotton growers from heavy losses resulting from the slump in prices. The decision to ask ginners to I suspend operations came after a con ference with Dr. B. Gilbeau and Dr. C. A. Gardner, of St. Landry parish, I who, with W. B. Thompson, presi i dent of the Louisiana division of the I American Cotton Growers’ associa ■ tlon, are seeking to organize the gin i owners with a view to bolstering up i the cotton market. Officials of the Cotton Growers’ as : sociation predict that ginning will I be completely halted throughout the | south by November Flier Falls 300 Feet Into River; Unhurt NEW YORK. Oct. 22.—Major How i ard Gans fell 300 feet in a seapane i into the East river this afternoon iin a flight at the 'formal opening ! ofthe aviation division of the police 1 reserves. I His brother, Captain Joseph Gans, leaped into another seaplane and (taxied out to the damaged machine, (expecting to find the major seriously injured The only injury suffered by the major was wet clothes. ATLANTA, GA., TUESDAY, OCTOBER 26, 1920. WORLD’S LONGEST FAST ENDS z: » ■ ■ . Jit |B S - f.- A / ' ■ Illi S!SiS a /VSsuzzv.e v MAMMOTH THRONG APPLAUDS COX IT B YORK SPEECH NEW YORK. Oct. 23.—Governor Cox. of Ohio delivered his League of Nations message to a great au dience in Madison Square Garden to night and emphasizing business and economic considerations,-, declared that America’s “successful future depends upon entrance into the league at the earliest possible mo ment.” Willingness to make "some com promise” upon league reservations was declared by the Democratic presidential candidate. He reiterat ed that he would accept “helpful” reservations. If elected, he said he would “lift this issue out of politics by effecting a result which will in sure the entrance of the United States into the league with the idea of perfecting it and' obtaining for ourselves the benefits which will ac crue.” Governor Cox’s speech, closing his Atlantic coast campaign and climax ing a day of receptions, luncheons and other events, stressed agricul tural industrial banking and other arguments for American participa tion in the league. “The most serious depression the country has ever witnessed.” was predicted by the nominee if the league cause was lost. Business de pression already, he declared, has “grown intense” as a result of Sen ator Harding’s statements on his league attitude. Reiterating that financial rehabil itation. credit and power, together with increased resources resulting from disarmament, would flow from the league’s success, Governor Cox declared. “If we go into the league our finan cial power will guarantee that we shall never have to send an Ameri can army to fight in Europe. If we meet the opportunity that calls to us. we can write the word ‘American’ across the page of the twentieth century history in letters of light.” Regarding compromising upon league reservations, Governor Cox said: "It is going to be necessary to make some compromise to secure the desired end. and that I am willing to do. I am for the ratification of the league with reservations and have so stated my position in every sneech made from the Atlantic to the Pacific. I will accept reserva tions that are helpful, that will clar ify, that will reassure our own peo ple, and that will make elcar to our associates in the league the lim itations of our constitution, beyond which we cannot go, among which are the Hitchcock reservations.” Snow in Colorado GRAND JUNCTION, Colo., Oct. 23. Western Colorado was swept by a severe snowstorm early today and train service has been virtually para lyzed. The snow is from two inches to four feet deep. SAYANNISTONMAN SOLD FAKE DIVORCES 10 GEORGIA PEOPLE I ANNISTON, Ala., Oct. 25.—Judge James F. Creen, a leading lawyer of this city and city recorder for ten years, was arrested by Deputy Mar shal A. H. Borders on October 12, federal officers declining at the time to give out any information on the subject. Monday morning he was too ill to appear before Cummission er R. D. Carr, under a charge growing out of an alleged wholesale distribu tion of fake divorces and a. federal charge of using the mails to defraud The large number of witnesses who had been summoned to appear against him at a preliminary hearing Monday morning were called before the feder al grand jury which is investigating the case. The first public announcement of Judge Creen’s recent arrest was made Monday after his physician had re ported to Commissioner Carr and As sistant District Attorney Jim Smith that he was seriously ill at his home in the city. Judge Creen has been confined to his home here since his return from Mobile a month ago, and unless there is an improvement in his condition he will never be tried for the government offense. He has been placed under a SI,OOO bond. It became known for the first time today that the arrest was made Oc tober 12. Officials kept the arrest secret on the ground that witnesses would have to be summoned from Georgia and that the case could not be brought up before the opening of the fall term of the federal grand jury here today. Judge Creen was displaced as re corder about one month ago at the election of city officers. The arrest of Judge Creen, which, caused a genuine sensation in thts city, was brought about at the insti gation of a postoffice inspector ■who had been working on the case for a long time. According to in formation secured by the inspector detailed on the case, more than a dozen of the fake divorce decrees have been sold during the last year to people residing in and near Cedar town, Ga., many illegal marriages -having been contracted on the strength of the divorce decrees fur nished by the accused attorney. Many Georgia Witnesses The postoffice inspectors allege that the operations charged against the Anniston man cover a period of sev eral years, and that the money se cured by him in payment for the de crees will run into the thousands of dollars. The method used in the sale of the divorce decrees, as unearthed by the inspectors, seems to have been (Continued on Page 7, Column 6) STATE COIWENTION ISHELDDWONDjy IN CIO MACON Amendment to Federal Re serve Act Urged to Permit More Liberal Policy To-' ward Farm Paper BY ROGERS WINTER (Staff Correspondent of The Journal) MACON, Ga„ Oct. 25.—The Geor gia Democratic Convention remained in seston here today but two hours and forty-five minutes, but into that brief period it crowded its two years rs party business moving with the clock-like precision of a well-rehear sed opera. Thomas W. Hardwick and Thomas E. Watson were nominated for gov ernor and United States Senator by acclamation and without a dissent ing voice, both responding with speeches urging support for the na tional ticket, but denouncing the League of Nations. The climax of the convention came at the conclusion of Mr. Watson’s remarks, when the delegates broke from their seats and swarmed to the stage. So great was the confusion that Chairman J, J. Flynt declared a recess. Mr. Watson was followed by throngs of admirers to the dressing rooms and ultimately had to leave the building to get breathing space. The platform adopted was consid ered a compromise between Mr. Wat son and Mr. Hardwick. It condemn ed the League of Nations, but did not mention the president except inci dentally. It urged support for Cox and Roosevelt and an amendment to the Federal Reserve act permitting more liberal extension of agricultur al credits. In referring to Clark Howell, na tional Democratic committeeman from Georgia, the platform set forth: We regret that our Democratic national committeeman is holding the office to which the sovereign Demo cratic convention of this state se lected another distinguished Geor gian and Democrat; and while this convention is without legal remedy, we hereby condemn and denounce such interference with the choice of democracy of this state as being wholly unjustifiable and un-Demo cratic.” • W. J. Vereen, of Moultrie, was named chairman of the new state executive committee, J. J. Flynt, vice chairman; E. W. Jordan, of Sanders ville, secretary. Twenty-four mem bers were selected from the state at large, four from each congressional district, and fourteen woman aux ntJZ V lll announced later by the chairman. r Called to Order The convention was called to order at 10:20 o’clock, Macon time, by Hi ram Gardner, secretary of the Demo cratic ■state executive committee. Dr. K. E. Douglas, pastor of the First Presbyterian church, delivered the invocation. On the call of the roll of counties, about one-third were missing. Those were Walker coun ties, whose delegates did not come to the convention. Secretary Gardner then called for nominations for temporary chairman and Judge James J. Flynt was unani mously elected by acclamation. Judge Flynt was greeted with pro longed applause as he accepted the gavel from Hiram Gardner, who re tired from the stage. Chairman Flynt appointed a cre dentials committee as follows: W. B. Sloan, Hall county; B. L. Reagan, Henry; M. U. Moody, Troup; George B. Burnett, Calhoun; J. a. Smith, Washington. Chairman Flynt next appointed the following committee on rules. Sam L. Olive, Richmond; I. N. Mer linjones, Hall; Fred Kelly, Gwinnett; F. C. Manson, Clayton; Julian Mc- Curry, Hart. Following those appointments, Chairman Flynt launched the key note speech of the convention, con sisting mainly of criticism of the League of Nations. Three times in six months, Chair man Flynt said, the Democrats of Georgia have voiced their opposition to the league in stentorian tones heard throughout the country, and there can be no room for question as to where they stand. If that was not the meaning of the Georgia elec tions, he declared, they had no mean ing. Chairman Flynt paid his respects to the Macon Telegraph, which car ried an editorial this morning to the effect that the convention ought to indorse the League of Nations. Short Recess Taken “This convention is entirely capa ble of framing its own resolutions,” said Chairman Flynt, “without as sistance from the Macon Telegraph.’! The convention roared its approval of this shot. Chairman Flynt ex pressed the highest regard for Presi dent Wilson, whose motives he did not question, but he declared R was the right of the American people to reject the League of Nations if they do not approve it, and he gloried in the fact that Georgia is soon to be represented in the senate by “a great (Continued on Page 7, Column 4) Prosperity Assured If Calamity Howler Can Be Kept Silent THE threatened financial stringency that temporarily upset busi ness and arrested progress has been averted, and speedy resto ration of normal pre-war prosperity is assured if the chronic calamity howler can be silenced long enough to enable the thoughtful to make a careful survey of the situation. This, in a nutshell, repre sents the judgment of the bankers and business men of Atlanta, who are familiar with surface conditions and underlying fundamentals, which is another way of saying that the business readjustments fol lowing the war have created a condition that is more psychological than real. The Ills that have attended the readjustments are being healed by the development of a spirit of co-operation of the interests that complete the business cycle and the manifestation of a sturdy calm ness on the part of the men to whom the public looks fpr counsel and leadership. The- change in the course of the pendulum’s swing from an era of expansion and inflation to a period of stable development and deflation necessarily was marked by a temporary lull, but this lull, as Governor M. B. Wellborn, of the Federal Reserve bank, remarks, “is but a healthy sign of a genuine awakening—a precaution neces sary to insure safety that is bound to have a wholesome effect on the transitory period now under way.” STATEMENT ON COTTON ISSUED BY J. J. BROWN ■ The farmers of ths south are not broke and nobody has said they were brokfe, said J. J. Brown, commissioner of agriculture, in commenting Sat urday on some of the “soft pedal editorials.” as he characterized them which have appeared in cer tain newspapers in the south and elsewhere, urging the cotton leaders to “stop talking calamity and go to talkiig prosperity.” Commissioner Brown said these editorials reminded him of a white man at a camp meeting who severe ly rebuked a negro for striking his (the white man’s) bull dog before it bit him instead of after it bit him. “If tfe folded our hands and said nothing, while the growers sold their cotton below the cost of pro ducton,” said Commissioner Brown, “it wouldn’t be necessary to make an agitation after the cotton was gone and the farmers were broke. We have not said the farmers were broke. We have made our fight to keep them from going broke. If they can get out of their cotton the money they put into it, plus a rea sonable profit, they will be in good shape. If they are forced to dump it on the market at this juncture, the market will immediately under go a second slump, and then the growers will not be able to pay their debts. It seems to me that the en tire business community—whether commercial, industrial or banking— ought to realize that the fight we are making is calculated to benefit them as much as it benefits the farmers, for their prosperity is de pendent upon the prosperity of the farmers” In this statement Commissioner Brown said: 1 “There M's undoubtedly been a great improvement in our prospects, and there is no doubt in my mind that better prices will soon begin to come. “We earnestly suggest, however, that every producer of cotton con tinue to hold, using warehouse re ceipts as collateral to protect his creditors and tide over the crisis. We further suggest and urge county meetings in every county in Georgia to organize holding movements, at which a pledge should be taken not to plant next year over 50 per cent of the 1920 cotton acreage, under any circumstances. This pledge should go so far as to refuse to plant a single stalk of cotton if the mar ket has not reached the cost of pro duction by the planting season. "The federal department of agri culture’s estimated cost of producing (this year’s) cotton is 37 cents a pound. The Montgomery convention (of the American Cotton associa tion) said it cost 38 cents. Late boll weevil ravages probably made the difference of one cent. "It must be apparent to every fair minded man that 40 cents is as lit tle as the farmer can take and con tinue operations. It Is manifestly absurd to ask the farmer to plant a full crop in 1921, when the markets that control future prices are sell ing the future crop far below the cost of production. If non-produc ers can sell cotton on the exchanges cheaper than the south can produce it, then it would be good business for us to purchase our supply from those wise guys, and let them de liver or pay the margin of difference. “If I were to advise a banker, merchant or manufacturer to lend money or sell goods at prices below their legitimate cost of doing busi ness, I would be looked upon as a communist, if not an anarchist- Therefore, when I advise the farmer to refuse to grow cotton at a loss, and only ask for. him a suare deal. I feel that I should have the moral and financial support, for the farm er, In his greatest struggle, of those who are dependent upon agriculture. “The farmer has the opportunity now, and should establish for all time, the principle that he will not grow anything whatever to sell at less than the cost of production plus a reasonable profit on his investment and the service he renders." • 5 CENTS A COPT. $1.50 A YEAR. The Tri-Weekly Journal presents today interviews with two of the south’s foremost bankers, as well as a statement from J. J Brown, com missioner of agriculture of Georgia. In addition to these authorities, in terviews were obtained from eleven other leaders in every Important phase of the financial, mercantile, in dustrial and commercial life of the state. The keynote of these interviews was that the acuteness of the situa tion has passed and that the out look is bright for better things in every line of effort. Os particular significance to south ern 'farmers is the statement by Governor Wellborn, in which he says that cotton producers can expect “ample financial assistance through Federal Reserve bank.” . Commissioner Brown’s statement, of the Improved status of tho cotton situation, is published as an accompanying article. Governor Wellborn’s Views “The present lull in business is but a healthy sign of a genuine awakening in the n: -, a precaution necessary, to insure safety, and it is ( bound to have a wholesome ef fect on the transitory period now under way,” states Governor Well born, of the Federal Reserve bank. “In considering the general busi ness and financial situation at this time,” he stated, “the public, should not lose sight of the varied and numerous factors entering ino the en tire question. The world war destruc tion of wealth, representing as it did accumulated capital, upset the entire capital structure and forced enor mous expansion of credits. The pre war trade relations of nations were practically eliminated, causing a de moralization of foreign exchange and ly have the foresight to enter the market and lay in a supply of raw cotton. “The proposed $12,000,000 financing corporation, headed by Robert F. Maddox, is along the correct lines, and our section of the country should lose no time in getting behind the formation of this enterpriser It Is high time we were doing more for ourselves in the way of organizing and conducting large institutions to finance the business of this section. "All in all, I feel we are sloyvly heading towards the road to re covery.” an Inability of our foreign customers to pay for»our commodities either in gold or by offsetting balances cre ated by shipments to this country, thereby curtailing the demand and tending to lower prices. “Nor should we forget the fact that commodities and manufactured prod ucts under normal conditions were sold to the world at large profits in the early days and prior to our entry into the war. There is no denying the fact that the producer must ex pect and will sustain ;ome looses In this readjustment perul *n the proc ess of equalization, just hs the great salaried class will new regain their losses by increased purchasing power. “The world needs our manifaatv.red products, our cotton f.nd ocher com modities, but are forced to purchase same gradually rather than in the volume of other years, so .hat to my mind the correct method is an order ly marketing in order to obtain a fair price. Dont Bock the Boat “If we are to keep off the rocks wt must est steady and not rock tha boat. There is no cause for wild alarm; the financial and business sit uation while strained, is sound and the present tendency to economy and conservation of credits will ease con ditions to a w?ll-balanced prosperity void of inflation. “The Federal Reserve bank. whll< recently subjected to considerably criticism, stands as the foundation to our agricultural, commercial and In dustrial life, and must be guided with a view to the interests of the entira district. “Governmental financial dsmandr will lessen from time to time and lighten the credit situation; European trade conditions are improving. Th< price of cotton, it seems, has already reached the bottom, due perhaps t< the repeated assurances given tlif producers that they can expect ampU (Continued on Bags 7, Column 8)