Newspaper Page Text
Atlanta QfeMMaHto Sfounial
VOL. XXIII. NO. 30
PRESIDENT SEEKS
ARMENIAN LOAN AND
iTIXUWMON
Declares for Philippine Inde
pendence, Relief for Dis
abled War Heroes —Mes-
sage Is Read by Clerk
WASHINGTON. Dec. 7. —President
Wilson today called on congress to
enact a program of legislation which
he said would put the United States
In the forefront of a movement to
make the spiritual power of democ
racy prevail throughout the world.
In his final regular message to
* congress, which was sent to the two
houses today by messenger, the pres
ident said that there are two ways
In which the United States can lead
in establishing the doctrine of "right
makes might” in the world. These
ways, he said, are:
"First, by offering the example
within her own borders of the will
and power of democracy to make
and enforce laws which are unques
tionably just and which are equal in
their administration.
"Second, by standing for right and
justice as toward individual na
tions." >
At the close of his message the
president wrote a paragraph which
might be regarded as a valedictory,
aaying:
“I have not so much laid before
you a series of recommendations as
I have sought to utter a confession
of faith, of the faith of which I was
bred and which it is my solemn pur
pose to stand by Until my last fight
ing day. I believe this to be the
faith of America, the faith of the
future, and of all the victories which
await national action in the days to
come, whether in America or else
where.”
The president declared that "the
display of an immediate disposition
on the part of the congress to reme
dy any injustices or evils that may
have' shown themselves in our own
national life will afford the most ef
fected offset to the forces of chaos
and tyranny which are playing so
disastrous a part in the fortunes of
free peoples in more than one part
of the world.”
Legislative Program
President Wilson did not mention
the peace treaty nor the League of
Nations in his message, but submit
ted the following program to carry
out the aims he outlined:
(1) Immediate passage of the
budget bill.
(2) Strictest economy in govern
ment appropriations.
(3) Immediate revision of tax
laws.
(4) Adequate provision for dis
abled soldiers and sailors.
(5) A government loan to Ar
menia.
(6) Granting of independence to
the Philippines.
The Atlanta Journal News Bureau,
623 Riggs Building.
BY THEODORE TILLER \
WASHINGTON, Dec. 8. That
President Wilson has in his heart
and mind the hope of being able per
sonally to appear before the senate
and urge once more the ratification
of the peace treaty became known
here today. The president did not
refer specifically in his message to
the treaty.
In well-informed quarters, it is
understood that this was partly due
to the desire of Mr. Wilson to make
a final appearance before the upper
chamber before his term expires.
Whether Dr. Grayson and Mrs
Wilson eventually will agree ,o this
cannot be forecast. They opposed
his appearance Tuesday before a
joint session, and he did not come
though he wanted to read his mes
sage. z
Should Woodrow Wilson tn the
closing days of his administration
go before the senate, the action
would constitute one of the most
spectacular and dramatic events in
American history. It would be the
final official appearance of a sick
man, still cheerishing his ideal, be
fore a body that has since shown
hostility to what he did at the
peace table.
'Former Army Captain
Claims He Served
As German Spy
' NEW YORK. Dec. B.—Sensational
disclosures of his mission to this
country as a spy for the German
government, were given in an alleged
confession by John Willers, former
ly captain of Company I, Forty
eighth United States infantry, alleg
ed thief and deserter, after his ar
rest here tonight charged with ab
sconding with $5,000 of his company
funds on December 19, 1918. His
regiment was then stationed at Camp
Seveir, Greenville, S. C.
His capture was accidental. He
■was crossing Fifth avenue at Forty-
Second street near the public library
when Hugh J. Hanigan, formerly a
first lieutenant in Willers’ company,
'recognized him. Hannigan called a
policeman and Willers was arrested.
At a police station the prisoner was
further identified by two other for
mer lieutenants in Company I. Sid
ney P. Howell and Francis Hatch.
Willers was then taken to Gover
nor’s island, headquarters of the
Second army corps, and placed in
confinement at Fort Jay.
Becited in Brazen Fashion
Willers, .the police said, recited
in a brazen fashion how he was sent
to the United States as one of 300
cadets trained in the acts of es
pionage to enlist in the American
army.
On his arrival in the United States
Willers went to Albany, where he
enlisted, he said, as a private. His
military attitude won him rapid
promotion and his knowledge of
<English and his ability to "speak
like an American” enabled him to
obtain a commission.
TEXT OF WILSON’S
MESSAGE
The text of President Wilson’s
message follows.
When I address myself to per
forming the duty laid upon the
president by the constitution to
present to you an annual report
on the state of the union, I found
myself dominated by an immortal
sentence of Abraham Lincoln’s,
"Let us have faith that right
makes mighC and in that faith
let us dare to do our duty as we
understand it”—a sentence im
mortal because it embodies in a
form of utter simplicity and pur
ity the essential state of the na
tion, the faith in which it was
conceived and the faith in which
it has grown to glory and power.
With that faith and the birth
of a nation founded upon it came
the hope into the world that a
new order would prevail through
out the affairs of mankind, an
order in which reason and right
would take precedence of covet
ousness and and I believe
that I express the wish and pur
pose of every thoughtful Ameri
can when I say that this sentence
marks for us in the plainest man
ner the part we should play alike
in the arrangements of our do
mestic affairs and in our exer
cise of influence upon the af
fairs of the world. By this faith
and by this faith alone, can the
world be lifted out of its pres
ent confusion and despair.
It was this faith which pre
vailed over the wicked force of
Germany. You will remember
that the beginning of the end of
the war came when the German
people found themselves face to
face with the conscience of the
world and realized that right was
everywhere arrayed against the
wrong that their government was
attempting to perpetrate. I think,
therefore, that it is true to say
that this was the faith which
won the war. Certainly this is
the faith with which our gallant
men went into the field and out
upon the seas to make sure of
victory.
Test of Democracy
This is the mission upon
which democracy came into the
world. Democracy is an asser
tion of the right of the individual
to live and to be treated justly
as against any attempt on the
part of any combination of indi
viduals to make laws which will
overburden him or which will
destroy his equality among his
fellows m the matter of right
or privilege, and I think we all
realize that the day has come
when democracy is being put
upon its final test. The old world
is just now suffering from a
wanton rejection of the principle
of democracy and a substitution
of the principle of autocracy as
asserted in th A, name but with
out the authority and sanction of
the multitude. This is the time
of all others when democracy
should prove its purity and its
spiritual power to prevail. It is
surely the manifest destiny of
the United States to lead in the
attempt to make this spirit pre
vail.
There are wo ways in which
the United States can assist tb
accomplish this great object:
First, by offering the example
within her own borders of he
will and power of democracy to
make and enforce laws which
are unquestionably just and
which are equal in their adminis
tration —laws which secure its
full right to labor and yet at
the same time safeguard the in
tegrity of property, and particu
larly of that property which is
devoted to the development of
industry and the increase of the
necessary wealth of the world.
Second, by standing for right
and justice as towards individual
nations. The law of democracy
is for the protection of the weak,
and the influence of every de
mocracy in the world should be
forthe _ protection of the weak
mation, the nation which is strug
ling towards its right and to
wards its proper recognition and
privilege in the family of na
tions.
The United States cannot re
fuse this role of champion with
out putting the stigma of re
jection upon the great and de
voted men who brought its gov
ernment into existence and es
tablished it in the face of almost
universal opposition and intrigue. \
even in the face of wanton force,
as, for example, against the Or
ders in Council' of Great Britain
and the arbitrary Napoleonic de
crees which involved us in what
we know as the War of 1812.
Make U. S. An Example
I urge you to consider that the
display of an immediate disposi
tion on the part of the congress
to remedy any injustices or evils
that may have shown themselves
in our own national life will af
ford the most effectual offset to
the forces of chaos and tyranny,
which are playing so disastrous
a part in the fortune of the free
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R. F. D. No
peoples of more than one part
of the world. The United States
Is of necessity the sample de
mocracy of the world, and th©
triumph of democracy depends
upon its success.
Recovery from the disturbing
and sometimes disastrous ef
fects of the late war has been
exceedingly slow on the other
side of the water and has given
promise, I venture to say, of ear
ly completion only in our own
fortunate country; but even with
us the recovery halts and is im
peded at times and there are
immediately serviceable acts of
legislation which it seems to me
we ought to attempt, to assist
that recovery and prove the inde
structible recuperaive force of a
great government of the peo
ple.
One of these is to prove that
a great democracy can keep
house as successfully and in as
business-like a fashion as any
other government. It eems to
me that the first step towards
proving this is to supply our
selves with a systematic method
of handling our estimates and
expenditures and bringing them
to the point where they will not
be an unnecessary strhin upon
our income or necessitate un
reasonable taxation, in other
words, a workable budget system,
and I respectfully suggest that
two elements are essential to
such a system: namely, not only
that the proposal of appropria
tions should be in the hands of a
single body, such as a single ap
propriations committee in each
house of the congress, but also
that this body should be brought
into such co-operation with the
departments of the government
and with the treasury of the
United States as would enable it
to act upon a complete conspec
tus of the needs of the govern
ment and the resources from
which it must draw its income.
I reluctantly vetoed the budget
bill passed by the last session of
the congress because of a con
stitutional objection. The house
of representatives subsequently
modified the bill in order to meet
this objection. In the revised
form I believed that the bill, cou
pled with action already taken
by the congress to revise its
rules and procedure, furnishes
the foundations .for an effective
national budget system. I ear
nestly hope, therefore, that one
of the first steps taken by the
present session of the congress
will be to pass the budget bill.
Improved Finances
The nation’s finances have
shown marked improvement dur
ing the past year. The total ordi-.
nary receipts of $6,694,000,000 for
th© fiscal year 1920, exceeded
those for 1919 by $1,542,000,000,
while the total net ordinary ex
penditures decreased from $lB,-
514,000,000 to $6,403,000,000. The
gross public debt, which reached
its highest point on August 31,
1919, when it was $26,596,000,000,
had dropped on November 30,
1920, to $24,175,000,000. There
has also been a marked decrease
in holdings of government war
securities by the banking institu
tions of the country, as well as
in th© amount of bills held by
the federal reserve banks se
cured by government war obliga
tions.
• This fortunate result has re
lieved the banks and left them
freer to finance the needs of
agriculture, industry and
merce. It has been due in large
part to the reduction of the pub
lic debt, especially of the float
ing debt, but more particularly
to the improved distribution of
government securities among
investors. The cessa
tion of the government’s borrow
ings, except through short-term
certificates of indebtedness, has
been a matter of great conse
quence to the people of the coun
try at large as well as to the
holders of Liberty bonds and
Victory notes, and has had an
important beating on the mater
of effective credit control.
The year has been character
ized by the progressive with
drawal of the treasury from the
domestic credit market and from
a position of dominant influence
in that market. The future
course will necessarily depend
upon the extent to which econo
mies are practiced and upon the
burdens placed upon the treas
ury, as well as upon industrial
developments and the mainten- J
ance of tax receipts at a suf
ficiently high level.
The fundamental fact which
at present dominates the govern
ment’s financial situation is that
seven and a half billions of its
war indebtedness mature within
the next two and a half years.
Os this amount, two and a half
billions are floating debt arid five
billions Victory notes and War
Savings certificates. The fiscal
program of the government must
be determined with reference to
(Continued on Page 7, Column 4)
1-
ATLANTA, GA., THURSDAY, DECEMBER 9, 1920.
DRASTIC REDUCTION
IS COTTON ACREAGE
URGEDATMEETING
Revival of War Finance Cor
poration Is Recommended
Also at Meeting of Gov
ernors
MEMPHIS, Tenn., Dec. B.—The
task of enforcing a reduction in the
1921 acreage of cotton will be put
in the hands of the state banking
associations of the various cotton
states. This was decided at the
opening session of the south-wide
cotton acreage reduction conference,
which began a two-day session here
Tuesday.
The 1,000 merchants, bankers, plan
ters rind cotton men attending unani
mously elected Governor J. M. Park
er, of Louisiana, asX chairlnan of the
conference. Leon Sternburger, of
Memphis, was elected secretary.
Each cotton growing state will be
organized for the purpose of assist
ing bankers in reducing cotton acre
age. A banker, merchant and farm
er will be selected from each state
to direct the work. Colonel W. B.
Thompson, of New Orleans, was
named chairman of the committee to
pick these committees.
Though the conference was called
to discuss reduction of acreage, it
has so far devoted nearly all of its
time to discussing means of finan
ing cotton now on hand.
Governor Parker surprised the con
ference by barely mentioning acreage
reduction in the opening address. Col
onel Thompson, however, declared
that a 50 per cent reduction in 1921
acreage alone can save the south.
He advocated holding' th© next crop
to 6,000,000 bales.
Some opposition is developing to a
radical reduction in acreage. Gover
nor Parker indicates that he favors
expansion of credits rather than a
reduced crop.
Governor Parker again sprang a
surprise by his emphatic demand for
a protective tariff “sufficient to
guard the southern producer against
other nations.”
"Credit must be given Europe so
it can take over the surplus prod
ucts of this country,” Governor
Parker said. “This credit should not
be for but ninety days; a year should
b© given the European buyer in
which to pay.
“The Federal Reserve bank, in
working with member banks, must
solve the problem of relieving th©
glutted markets.
“If local banks will guarantee ex
change for exporters and the federal
reserve system will back them up,
the south will again be on the road
to prosperity.”
A reduction of at least 50 per cent
in the cotton acreage in 1921 and a
crop f not more than 6,000,000 bales
was predicted by W. B. Thompson,
former president of the New Orleans
Cotton Exchange.
“The south is determined to re
duce the cotton acreage in 1921 to
at least one-half of that of last
year,” Colonel Thompson said. "This
will mean that the coming crop will
be reduced to 6,000,000 bales or less.
The convention here is called for
the purpose of solidifying this de
termination and serving notice on the
world that the cotton producing
south will no longer permit its chief
agricultural asset to be slaughtered
and its producers impoverished by
any combination of circumstances or
interests whatsoever.”
After outlining the course of the
market in recent months. Colonel
Thompson declared the reduction
movement was made necessary by
“the appalling decline in prices, due,
we are told by apologists for the
ruthless deflation campaign, to over
production.”
“In spite of the fact that in the
spring the farmers were urged and
encouraged by financial authorities
at Washington to produce all the cot
ton possible,” Colonel Thompson con
tinued, "we are, after the price has
declined to figures which represent
less than one-half actual cost of pro
duction, told that we have produced
too much and must stand the conse
quences of such overproduction.
“The answer to this is that ■ we
will hold tight to every bale of the
so-called surplus and that we will
reduce the next crop to proportions
which will stagger those who would
reduce the cotton produced to a con
dition of destitution.
"The bankers. merchants and
farmers of this section understand
the situation and its remedy perfect
ly. Even if the farmers were able
and willing to plant a full acreage,
the bankers and merchants will not
supply the necessary means. This is
not a matter of mere resolution by
farmers to reduce acreage, but an
issue of vital necessity for which
the whole financial south is taking
up its arms.
■DUN OPPOSES
MPEMH
Os LEOE PLANS
Questions of Finance, Health
and Transportation Sharp
ly Attacked at Wednesday
Session
GENEVA, Dec. 8. —(By the Asso
ciated Press.) —Plans proposed for
the formation of the technical organ
ization of the League of Nations,
dealing with finance, health and
transportation, were sharply attacked
at today’s session of the league’s as
sembly by Newton Wesley Rowell,
former president of the Canadian pri
vy council.
These plans, he contended, tended
to take such organizations out of
the hands of the assembly, which
should control them, and throw them
under th© influence of Europe
through the impossibility of the non-
European nations sending their best
men to three or four conferences an
nually.
"Fifty thousand Canadian soldiers
under the sod in Europe is the price
Canada has paid for the European
statesmanship which drenched the
continent in blood,” Mr. Rowell de
clared.
The Canadian’s energetic inter
ventioft in the debate took the assem
bly by surprise. Most of the Euro
pean delegates gave no sign of re
covery from their- astonishment as
he concluded, but he was warmly ap
plauded from all the other benches.
Norway Opened Debate
Debate on the subject had been
opened by Dr. Fridtjof Nansen, of
Norway. It was based on the re
port of the committee on technical
organizations. Dr. Nansen insisted
upon the necessity of co-operation in
these organizations by countries not
members of the league. He called
attention to the participation of non
members in previous financial con
ferences and other consultations, and
pointed to the substantial aid they
had given in the work of repatriat
ing prisoners of war.
After Mr. Rowell had voiced his
views, Gabriele Hanotaux, of France,
took the floor and replied to the Ca
nadian delegate’s criticism. These,
the French representative argued,
should have been made in committee.
Delegate Miller, of Australia, sup
ported Mr. Rowell. He warned the
assembly that it could not oblige the
governments to take part in the
working of these organizations and
that it had no means under the cove
nant to meet the expense of them.
More Co-operation Urged
Gustave Adpr, of Switzeralnd, ex
plained that -ft was proposed to set
up these organizations with consul
tative powers only, th© assembly
losing none of its powers in so do
ing. .
Lord Robert Cecil/ said he thought
Mr. Rowell was mistaken in thinking
the organizations would fall under
the control of Europe. All the world
must co-operate in all the league’s
work, he declared.
Replying to M. Hanotaux’s inter
pretation of his remarks as an at
tack upon European statesmen, Mr.
Rowell said he did not so intend
them and if any delegate so con
strued his remarks he had no hesita
tion in withdrawing his words.
Cox Offers to Name
Senator-Elect Willis So
Harding Can Resign
COLUMBUS, 0., Dec. B.—Gover
nor James M. Cox, of Ohio, defeated
Democratic candidate for the presi
dency, Wednesday wired President
elect Harding offering to appoint
Senator-elect Frank B. Willis, of
Ohio, to fill the unexpired portion of
Mr. Harding’s term as senator,
should Mr. Harding care to resign
immediately.
Governor Cox’s telegram to the
president-elect follows:
"I read in the papers of your in
tention to resign from the senate on
January 10 or 11, at which time the
new governor -will appoint Senator
e’ect Willis. I have no doubt that
in preparing for the executive tasks
you are desirous at the earliest pos
sible moment of bringing the sena
torial responsibilities to an end.
“If it. will in any way give fur
therance to your plans or add to
your convenience I shall be most
happy to appoint Mr. Willis imme
diately upon your resignation.
“This suggestion is prompted by t
spirit of helpfulness which must
possess all people without regard to
political association if government
is to efficiently meet the needs of hu
manity.”
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Past Year Greatest in
History of State Baptists,
Convention Report Shows
Reports showing the past year to
have been the greatest in the history
of the Baptist denomination in the
state of Georgia were presented on
Tuesday at the opening session of
the ninety-ninth annual meeting of
the Georgia Baptist convention. De
spite the inclemency of the. weather,
th© main floor of the Baptist tab
ernacle. where the convention is
meeting, was filled to capacity with
tist associations in the state and vis
itors from all sections of Georgia.
The convention will be in session un
til Thursday evening.
Coming to a vote just before the
luncheon adjournment of the Geor
gia Baptist Convention early Wed
nesday afternoon, the plan to amend
the constitution of the convention
was decisively defeated.
Spirited debate preceded the vote.
The proposal was to amend th© con
stitution so as to enlarge the ex
ecutive committee and thereby give
each of the affiliated Baptist asso
ciations iri the state at least one
member on the committee, which
now is composed of 52 persons.
When the matter came up for dis
cussion on Wednesday a substitute
amendment was proposed by Dr. L.
R. Christie, of Savannah, providing
that the executive committee should
be composed of twenty-four mem
bers, two from each of the twelve
congressional districts in the state.
The original amendment was intro
duced by Dr. T. C. Burrell, of Li
thonia. Both propositions were the
subject of extended debate.
Another matter before the conven
tion was the plan to establish a com
mission of seven persons to operate
the Christian Index, the weekly de
nominational paper now owned by
the convention.
The Christian Index was purchas
ed by the convention through its
executive committee almost a year
ago. It is now operated by a special
committee composed of Dr. C. W.
Daniel, Dr Henry Alford Porter, Dr.
W. H. Major, Dr. F. C. McConnell
and Dr. Arch C. Cree, with Louis D.
Newton as managing editor.
Dr. John D. Mell, of Athens, was
unanimously re-elected president of
the convention, this being his
consecutive term. The vice presi
dents are: Dr. A. Chamblee, of Hawk
insville; Dr. John W. Ham, of At
lanta; B. S. Thompson, of Madison,
and W. W. Brooks, of Atlanta. Dr.
8.. D. Ragsdale, of Macon, was re
elected secretary; Dr. W. T. Gra
made, of Statesboro, was re-elected
treasurer. The name of Dr. W. A.
Hogan, of Lincolnton, was present
ed as a nominee for president, but
he declined to allow the use of his
name. •-
The devotional services which
opened the session were conducted
by Dr. J. M. Haymore, of Waycross,
in the absence of Dr. James Orme
Smith, of Albany. Then came the
report of the committee on the order
of business, presented by Dr. W. W.
Gaines, of Atlanta, who submitted
the program for the three-days’ Ses
sion. The program was adopted
without change.
Substance of Report
The report of the executive com
mittee and the review of the past
year’s work done by Georgia Bap
tists was presented by Dr. Arch C.
Cree, the executive secretary of the
committee and of the state mission
board. It was shown that the re
ceipts for the past year were $1,774,-
399.74, which were over $1,000,000
over the receipts of the previous
year. The purchase by the denomi
nation of the Christian Index and
the campaign to place it in every
Baptist home was explained by Dr.
Cree, wh oalso described the devel
opments of the book department,
which, he said, is in better condi
tion than ever before, but must be
further developed. Attention was
called to the evangelistic work done
during the past year, which resulted
in 17,975 additions to the Baptist
churches of Georgia, against 5,268 in
1919.
Among the achievements of Geor r
gia Baptists during the past twelve
months, Dr. Cree pointed out the li
quidation of the debt on the Baptist
Tabernacle in Atlanta, the develop
ment of the Sunday school organiza
tion of the state, and arrangements
for a Baptist Sunday school conven
tion next April, the remarkable de
velopments of the educational de
partment, and the growth of the
Mercer system, the enlargement of
the Georgia Baptist hospital, the In
crease in the B. Y. P. U. organiza
tion, and the development of the
(Continued on Page 7, Column 6)
SENATOR SMITH
PREDICTS SUCCESS
OF FARM AID PLAN
BY THEODORE TILLER
The Atlanta Journal News Bureau,
623 Riggs Building.
WASHINGTON. Dec. B.—Despite
the hold-up in the senate of the Nor
ris resolution for re-establishment of
the war finance corporation and a
lower rediscount rate by federal Re
serve banks, Senator Hoke Smith be
lieves the corporation w’ill be made
to function -again and that the
agricultural situation will be re
lieved.
Senator Smith expresses confidence
that there are votes sufficient in both
senate and house to pass the reso
lution,, and that the initial opposition
of Senators Lodge, Glass and others
will not kill the plan.
In a statement issued here today,
the senior Georgia senator said:
“We have every reason to be en
couraged to expect favorable action,
by congress for the re-establishment
of the war finance corporation.
“At a joint session of the commit
tee on agriculture of the senate and
house it was agreed to report at
once favorably a resolution directing
the renewed operation of the war
finance corporation, and recommend
ing that the federal reserve banks
liberalize discounts based upon paper
secured by agriculture products and
also recommending the board to re
duce the rate of interest charted by
the regional reserve banks.
“The war finance corporation will
be in a position to aid immensely in
financing the sales on time of our ex
ports to central Europe.
"It will be a governmental agencj’
studying all foreign credits and se
curities, and in position to raise
large sums of money to help carry
th© time sales into central Europe
and elsewhere. It will, of course,
co-operate with our exporters and
with corporations organized under
the Edge act. It will not compete
with them, but will support them.
"The resolution was reported from
the committee on agriculture by the
chairman of the committee. Senator
Gronna, and went over under the
rules of the senate, there haying been
opposition made to immediate con
sideration of the measure. We be
lieve we have the votes in each house
to pass the resolution. It will be ob
served that-it requires the renewed
operation of the war finance corpo
ration. . ' , ,
“It only recommends a broadening
of the discount rate by the federal
reserve board. We did not put in
this resolution a direction for the
lowering of the rate, because we
knew this would meet with very se
rious opposition, and we believed the
recommendation, at least for the
present, the wise course.
“The strength of the movement is
that we are letting the Republicans
lead. Western grain interests take
even more responsibility for the leg
islation than the cotton growing-in
terests of the south. Os course, the*
senators and congressmen from the
cotton growing states will all sup
port the measure. By the plan we
are pursuing we avoid standing sim
ply for a sectional interest. Indede,
the copper interests, zinc interests
and iron interests, as well as farm
products, will be helped by the re
newed operation of the war finance
corporation
"I wish to say again that it will
not take the place of the export cor
porations to which the banks of the
south are subscribing, and which in
Georgia is known as the measure es
pecially advocated by Mr. R. F.
Maddox, of Atlanta,
“Th© war finance corporation, to
gether with the other agencies, v '■ ch
ought to be in operation by Jan .cry
1, should be able to finance the ex
port of over a billion dollars’ worth
of our products and put them in
central Europe with the time cred
its required there for purchases. It
will furnish an immediate market,
now closed, for a large amount of
cotton.”
Wilson Sends Senate
Expense Account of
Peace Trip to Paris
WASHINGTON, Dec. B.—A special
message giving the complete ex
penses of the American peace com
mission during its work abroad was
transmitted to the senate today by
President Wilson.
The total expenditures amounted
to $1,651,191.09 from December 1,
1918, to December 4, 1920. The
amount actually paid out was $1,703,-
712.06, but repayments and gains in
exchange reduced this by $52,520.97.
5 CENTS A COPY.
$1.50 A YEAR.
IMPROVED OUTLOOK
OUICKENS COTTON
MILE SPI NOLES
Some Mills, Closed Tempo
rarily, Resume Full Time
Operations as Orders for
Cloth Show Increase
Generally improving conditions in
the textile industry are indicated in
dispatches received by The Journal
from many of the cotton mill centers
of the south. Several mill presidents
express themselves as more optimis
tic than in some weeks past, and all
express the conviction that condi
tions affecting the industry will con
tinue to assume a more favorable as
pect.
Some few mills which had shut
down temporarily either have resum
ed operations or are preparing to do
so in the near future. For example,
a Greenwood, S. C., mill that had
closed for two weeks, is now run
ning full time. Orders for cloth
are picking up, it is said, and some
mill men express the opinion that big ’
buyers of cloth have about reachc “
the conclusion that the cotton mat,
ket has hit rock bottom and hence*- - x
forth may be expected to rise. This
view is expected to stimulate orders
for the products of southern mills.
Although there kave .been slight
reductions in wages at some mills,
there are no indications of a general
move in this direction, it is said.
Some of the more recent dispatches
received by Tfce Journal follow:
FIVE GREENWOOD MILLS
now Running full time
GRBENWOOD, S. C., Dec. 7.—The
five cotton mills in Greenwood coun
ty are now operating/ on full time
after having curtailed production
several weeks. With one exception
the plants have'day and night shifts.
President J. C. Self, of the Green
wood Cotton Mills, and also vice
president and chairman of the board
of directors of the Bank of Green
wood, expressed himself as very op
timistic as to business conditions.
He feels that the crisis has been
passed, and while not looking for a
boom soon, he is of the opinion that
the conditions will continue to im
prove and that business will be
steady and normal.
He feels very hopeful of the pres
ent and the future. His mills, which
had cut production, are now running
on full time, night and day, having
resumed full operation Mondav
morning.
J. F. Abney, president of the Gren
del Mills, of this city, and the Nine
ty-six Cotton Mills, of Ninety Six,
states that his mills were run on
part time only two weeks, and that
they are now running full time. He
is in the best of spirits and expects
steady and continued improvement.
Panola Mills, of which Senator S.
S. McGhee is president, are running
full time during the day, but arV not
being operated at night, as they are
not run at night in normal times.
He reports the dry goods situation
greatly improved and that there
seems to be a revival of business in
all lines. He says there has been a
great deal more talk of curtailment
in the Piedmont section than there
has actually been. He predicts that
in thirty days the wheels can not
turn fast enough to supply the de
mand.
Marvin S. Chipley, cotton mer
chant, thinks cotton has reached a
level where no further unfavorable
conidtions will influence th© market
price. In every similar period in
the past recovery from a price below
the cost of production has occurred
promptly when listeria has sub
sided and courage and foresight on
the part of every southern interest
reasserts itself, he says. Higher and
better prices for all farm products
are assured.
ALL SPARTANBURG COUNTY’S
900,000 SPINDLES RUNNING
SPARTANBURG, S. C., Dec. 7.
The textile situation in Spartanburg
county, both as regards operation
and sale of product, is brighter now
than it has been for several weeks
past. There is not an idle spindle
among the nearly 900,000 in Spar
tanburg county. A general cut of
10 per cent in wages was made a
month ago, but there has been no
indication of any additional wage
curtailment. Mill men in this sec
tion are reporting better sales of
cloth than in some time, and a more
optimistic sentiment is being ex
pressed by many.
The textile industry in Spartan
burg is on a firmer basis than it is
in other centers of the same indus
try in the south, by virtue of the
fact that the mills of the county are
older corporations with well-estab
lished business, which has not felt
the recent depression as acutely as
the mills in other sections.
In several of the counties imme
diately adjoining Spartanburg, cotton
mills are operating only four days
a week, with wages reduced as much
as 25 per cent. Some mills have
suspended entirely, but these are
few in number. Several of those
who have suspended are reported
making preparations to resume oper
ation.
CONDITIONS IMPROVING,
SAYS KNOXVILLE MAN
KNOXVILLE, Tenn., Dec. 7.—Con
ditions in cotton mills of this -sec
tion seem more optimistic tha’ ■ v
were several weeks ago, bui
is nothing yet to warrant r
full time, announces Genera]
Tyson, prominent cotton mill
General Tyson stated that there is
some possibility of mills resuming
full time work after the first of the
year, but declined to give positive
assurance this would be done.
CONSTANTINE IS
ASKED TO FAVOR
SON, IS REPORT
PARIS, Dec. B.—The Greek gov
ernment has addressed a note to
former King Constantine asking that
he abdicate immediately in favor of
the crown prince, sayg a dispatch
from Athens today.