Newspaper Page Text
NEWS WANT
ADS PAY.
VOL. XXXVI., NO. 37.
5 ATLANTA BANKS
BACK COTTON FUND
WITH $ 12,000,000
300,000 Georgia Bales Will Be
Turned Over to Co-Op Body.
✓
COOPERATING WITH OTH
ER SOUTHERN STATES
This Cotton Will Be Handled
Through the Georgia Cot
ton Growers’ Co-opera
tive Association.
ATLANTA, Ga., Nov. 10.—Cooper
ating with the other southern states
in the movement to stabilize the cot
ton market and protect the cotton
farmer from serious financial losses
threatened because of the present
low price of the south’s greatest sta-'
pie crop, Georgia immediately will I
begin the withdrawal of 300,000 bales )
of its cotton from the market for a ■
period of from 18 to 24 months, or
until such time as the market is sat
isfactory.
Financing of this withdrawal has
been arranged by the Georgia banks
themselves, without calling on the
government financial agencies for as
sistance in furnishing funds for ad
vances to cotton growers who place
their cotton in the holding pool.
Five of Atlanta’s largest banks
have underwritten a $12,000,000 fund
to finance the holding movement,
which is also for the purpose of mar
keting the 300,000 bales in orderly
fashion and preventing congestion in
the cotton markets, with consequent
slashes in price and serious financial
loss to the farmers of the south.
Good Sign of Stability
That the financing of the holding
movement in Georgia has been ar
ranged by the Georgia banks without
the necessity of appealing to the fed
eral financial agencies for aid, is con
sidered perhaps the best evidence of
Georgia’s financial independence in
such an emergency as has arisen with'
regard to cotton. It is taken by bank
ers and business men generally as a
token of Georgia’s basically sound
business condition and the prosperity
that exists in practically all lines of
activity.
With the five big Atlanta banks,
the Atlanta and Lowry National, the
Fourth National, the Citizens and
Southern, the Fulton National and the
Atlanta Trust company, have under-)
written the $12,000,000 fund, the co-)
operation of all banks in Georgia is
sought to make the movement thor
oughly successful from every point of
view. Every bank is being asked to
share in the movement and letters
have gone out to every financial in
stitution in the state seeking to enlist
its cooperation, either by joining the
syndicate or by lending its influence
in collecting the cotton and aiding in
securing a satisfactory cotton acreage'
reduction next spring when the 1927 >
crop is put in the ground.
Under Experienced Guidance
The holding and orderly marketing
movement is being handled/ in coope-1
ration with and through the machin- ■
ery of the Georgia Cotton Growers'
Cooperative association, which has a I
well balanced organization with faci
lities of just such a character as are.
needed for the successful completion'
of a holding and selling plan. The |
warehouses, grading facilities, sell-;
ing agencies and financing machinery)
of the cooperative association are to I
be utilized to the fullest extent, with
an advisory committee of bankers |
working in conjunction with the of-!
ficials of the association.
Advances of 8 cents a pound will be!
made immediately to every cotton)
grower placing any or all of his crop |
in the holding pool, and if the mar-!
ket rises an additional advance will ■
be made. If the market falls, a cer
tain percentage of the cotton in the j
pool will be sold to the best ad van-'
tage through the association sales
agencies, just enough to maintain a I
safe balance and not disturb market;
conditions by dumping large quanti- >
ties of cotton, as would be the case i
if it were held by individual owners ;
growing panicky at breaks in the)
market.
Announcement of the completion of)
financial arrangements, together with
the physical details of handling the j
cotton in the holding pool, was made
Tuesday by James S. Floyd, of the,
Atlanta and Lowry National bank,
chairman of the special committee of ;
bankers who have been busy for the'
last tw T o or three weeks perfecting the j
plan.
Will Act as Advisors
This same committee will act in an’
advisory capacity to the officials of
the Georgia Cotton Growers’ Cooper
ative association.
Announcing the completion of plans
for the financing and handling of the
cotton holding and marketing pool,
Mr. Floyd gave out the following
statement:
“It is with pardonable pride in
Georgia that I announce the forma
tion of a syndicate of Georgia banks
having a subscribed fund of $12,000,-
000 with which to finance a pool of
300,000 bales of Georgia cotton for a
jhttnwr u ill eSt ews
MARKETING FARM CROPS
BE STRESSED AT MEET
ATHENS, Ga., Nov. B.—Dr. An-
I drew M. Soule, president, Georgia;
| state college of agriculture. Athens,
I stated that the college has completed)
! plans for holding one of the most
comprehensive farmers' conference
I ever held in the southeast during the
;fourth week of January 1927, which'
lis the week of the regular farmers’
i annual meeting at the state college 1
of Agriculture.
This conference will be featured by
work in the marketing of farm crops.
In view of the difficulties experienced
during 1926 in marketing cotton,
peaches, watermelons and apples,
which were produced in abundance in
the state, this meeting will hold un
usual interest for farmers, business
men, bankers, county agricultural
agents and other agriculturists, it
was stated .
The newly created division of coop
erative marketing of the federal gov- •
ernment and the officials of the coope-j
rative marketing association of Geor- I
gia are cooperating in this undertak
ing of the state college of agriculture
The program will contain speakers
from the national division the staff
of the state college and experienced .
operators in the marketing of farm (
crops. |
Sr > round table conferences ]
will . 1 along commodity lines of 1
work c Cz "'grams for future mar
keting v ■■■'., o that the difficulties
experienced ’ 1926 with the ma- 1
jor cash crop Georgia may be J
avoided in the i It is indicated
that this will be t. atest gather
ing of farmers and * people •
ever gotten together in Georgia.
In addition to the short course on ]
cooperative marketing, the conference 1
of the county agricultural agents, the (
round table meetings of the commo- ,
dity marketing people, it is announc- f
ed that special arrangements will be j
made for visitors to inspect the Geor- I
gia Egg Laying contest, which open- (
ed November Ist, 1926, at the state
college with 100 contestants from '
nineteen states and Canada.
Spelling Contest t
The last spelling contest of the !
Chattooga County Spelling league
will be held at the Gore school house, *
Thursday night, November 11th, at '
7:30. The winner of the series will be i
announced immediately at the close t
of this match. The public is cordially .
invited. 5
maximum period of twenty-four (
months. j
“In this syndiate are the Atlanta j
and Lowry National bank, the Citi- f
zens and Southern bank, the Fourth ‘
National bank, the Fulton National
bank, and the Atlanta Trust company, 2
all of this city. |
"""“The $12,000,000 has been under- t
written by these banks, but every
Georgia bank will be invited into the t
syndicate, and we already have as- j
surances that a great number of them j
will join the synidcate, and later E
when the syndicate is complete, we ■
will give their names to the public, so (
that Georgia may know that all of j
her banks are ready to finance her ag- (
riculture. <
“The formation of this syndicate •
and the pooling of these 300,000 bales
of cotton are directly in line with
the suggestion of the government to
remove 4,000,000 bales of southern
cotton from the market in order to
stabilize the price and to insure a
fair return on his cotton to the south
ern farmer. Our syndicate will ope
rate directly in connection with simi
lar pools in every other southern
state.
Banks Equal to Occasion
“We organize no separate financial
institution in Georgia for this pooling
purpose because Georgia banks were
fully able to finance the entire cotton
crop without such independent organ
ization. There is no reason for us to
borrow money for this purpose from
a governmental agency—our own re
surces are sufficient to do our own fi
nancing. The day is past in Georgia
when we must go north or east, or to
the government for our financing. Our
state is rich enough, and the resour
ces of our Georgia banks ample
enough, to do our own financing ati
home. We are rather tired of the pov
erty talk that is indulged in period
ically in our section. In Georgia we
have deversified our agriculture and
cotton is only a part of it.
“Our diversified crops, our manu
factures, our commerce all bring re
turns enough to make us independent.
“This 300,000 bales of pooled cotton)
will be handled through the Georgia
Cotton Growers’ Cooperative associa- '
[tion. This is a Georgia company, ably
and honestly managed by Georgia
men. It has all the machinery neces
sary to properly and ably handle for)
)us this pooled cotton. Through its
; agency we will collect in the cotton,'
1 keep it stored, insured and held for
I the benefit of its owners, Georgia'
I and the south. This company has done
■a great work for the farmers of the
state, and we are fortunate in having
its resources at our disposal in the
SUMMERVILLE, CHATTOOGA COUNTY, GEORGIA, THURSDAY, NOVEMBER 11, 1926.
Lest We Forget .
NOVIb
1— *'"** »*rrtsn rofAi ttMi/tv AOMtwr
£ (C>pyn t W V , ... „ . ... J
6,779 Bales of Cotton
Ginned Up to Nov. 1
Cotton report for Chattooga coun
ty prior to Nov. 1 shows there were
6,779 bales, counting round as half
bales, ginned in this county from the
1926 crop, as compared with 7,215
bales ginned to Nov. 1, 1925.
An automobile recently went two
miles a minutes, which is almost as
fast as bills come in.
Before letting your conscience be
your guide, it is a good idea to be
sure you have one.
present movement.
“We want it distinctly understood
that our syndicate will work whole
heartedly in connection with the other
similar bodies in the southern states
towards making the southwide move
ment for pooling 4,000,000 bales of
cotton successful, and in this way
protect the cotton farmer, and aid in
unholding the south.”
Co-op Rosters Opened
The Georgia Cotton Growers’ Coop
erative association has agreed to per
mit cotton growers to enroll as mem
bers i. ?a period of one year in order
to take advantage of the holding
movement and the financial protec
tion it affords. Every facility of the
association immediately becomes
available upon enrollment, and all ad
vances on cotton placed in the pool
will be made through the association.
In other words, the bankers’ syndi
cate furnishing the money for the
holding and marketing movement will
function through the cooperative as
sociation. This was decided upon for
the reason that the cooperatives al
ready have established their organi-1
zations with facilties that could only
be duplicated after months of stren
uous effort and needless expense.
Decision of the bankers’ synidcate
to cooperate with the association in
putting through the holding and mar
keting movement in Georgia is taken
as a distinct tribute to the efficiency
and competency of the cooperative
organization, which for four years has
been functioning in this state with
constantly extending influence and
operations.
The Nation’s Answer!
I. 1 ■-£!!!_ ji/J : ’ j ■ t rrir ’
Tup
Courtesy th* Richmond (Va.) Tlicea-Dispatch.
Baptists To Send
Car To Orphans
The Baptists of the Chattanooga
County association will send a car
load of provisions and feed stuff to
the Baptist Orphans’ home at Hape
ville. The car will be in Trion Tues
day, Nov. 16; Summerville Wednes
day, Nov. 17, and in Lyerly Thursday,
Nov. 18. The people arc asked to
bring all kinds of provisions and feed,
especially flour, hay, corn and cotton
seed,
WORLD FAMINE
Some time ago at the meeting of
the association for the advancement
of science at Oxford fear was ex
pressed of an impending world fa
mine. The world”s population, it was
pointed out, is increasing faster than
the world’s food capacity.
Most famines, strangly enough,
are not because of lack of food. At the
time Russian was suffering from a fa
mine she was exporting large quanti
ties of foodstuffs.
The trouble is with transportation.
There is always food enough some
where in the world if it can be prop
erly distributed.
Faciliies for transportation are
steadily improving, and as they ap
proach perfecion he liability of fa
mine everywboro ic decreased.—At
lanta Georgian.
If traffic congestion costs the coun
try $10,000,000 a day, who gets the
money?
Strange as it may seem, a mansion
never holds as much happiness as a
small cottage.
You are not getting old until you
I think the younger generation is going
to the dogs.
Bandits robbed Indianapolis bank of
$63,000. That’s enough to spend the
winter at some resort.
NEXT SUNDAY AT THE
MENLO METHODIST
10 a.m. Sunday school, George W.
Agnew, superintendent.
11 a.m. Services conducted by B.
D. Massey.
6:15. Epworth league.
EXPLOSIVES INCREASE
300 PERCENT 5 YEARS
WILMINGTON, Del., Nov. 10.—A
steady increase in the use of high ex
plosives in Georgia during the past
five years, amounting to more than
300 per cent is shown by figures in
the hands of E. I. du Pont de Ne
mours & company, explosives manu
facturers here. In 1921 according to
the figures there were used 444,028
pounds of dynamite. In 1922 this was
increased to 913,477 pounds. The year
1923 recorded a total of 1,248,565. In
1924 the total went to 1,431,599, and
in 1925 the total amount of high ex
plosives used reached the sum of 1,-
612,380 pounds.
The total for the first nine months
of 1926 has been 1,425,625 pounds.
This seems to indicate another record
breaking year for if the percentage is
maintained until the end of Decem
ber next it will mean a consumption
of more than 2,000,000 pounds.
Explosives experts here point out
that this great increase in the con
sumption of high explosives is due to
the marked industrial progress of the
state. The manufacture of explosives
is one of the key industries which
are a barometer to trade and when
the use of explosives is increased it
means that there is on increase in the
industries which depend on them such
as mining, railroad building and oth
er construction work, quarrying, ag
riculture to a certain extent, drainage
and other activities.
The great increase in the use of
high explosives in Georgia and the
increase also noted in other south
eastern states has led the du Pont
company to begin the construction of
one of the most modern of high ex
plosives plants at Mineral Springs,
about fourteen miles north of Birm
ingham. The company has put chased
a tract of 1240 acres at that point
and is now putting in railroad exten
sions and constructing operating
buildings, power units, machine shops,
storage houses and office buildings.
It is expected that the plant will be in
operation next spring .
Dynamite is being used in large
quantities in Georgia for quarrying
limestone, for certain mining opera
tions, for .turpentine stumpage where
pine stur.'X'p are blasted to obtain
their tur ' htine content, for agricul
tural purposes including blasting out
stumps, breaking up boulders, digging
ditches, straightening streams and
other like problems which occur on
the farm. There has also been a cer
tain amount used for drainage con
trol for health purposes. Dynamite,!
in late years, has been increasingly ;
used in the fight against the mosqui-|
to pest, the explosives being found to
be an invaluable agent and, in some.
cases the one agent economically suit- (
able for blasting ditches through
swamps and making possible proper
drainage.
Program, Royal Treater
Thursday and Firday, Nov. 11 and
12, Norma Shearer, Conrad Nagel
and Mary McAllister in “THE WAN
ING SEX.” Clinging vines, clinging
oaks, blondes, brunettes, girls all
here’s your picture. Gives you the
low-down on love, marriage, a career,
how to win a man, how to hold him
after he’s won. Is man “The Waning
Sex?” See the answer in this fasinat
ing picture. Also Clyde Cook comedy.
Saturday, Nov. 13th, Bob Custer in
“THE DEAD LINE” a fast moving
western drama, full of action and
thrills. Also Mack Sennett comedy.
Monday and Tuesday, Nov. 15 and
16, House Peters and Wanda Haw
ley in “COMBAT.” A seething whirl
wind of human passions a tremen
dous story of a great love that would
not be denied. The most spectacular
forest fire ever screened. Also com
edy.
DR. HAIR AND DR. HARDIN
IN NEW OFFICES
W. B. Hair, M. D., and H. C. Har
din, I). D. S., announce the opening
of their new offices in the Cleghorn
building, opposite the court house.
Nice office have been fitted up and
new furniture added. They are now
located in up-to-dae and convenient
quarters and can give their patrons
prompt and efficient service.
Dr. Hardin wil be in his Summer
ville office the first three days of each
week, and at Trion Thursday, Fri
day and Saturday each week.
Mrs. Mattie Kane will be in charge
of the reception room for both offices
and will be on duty from 8 a.m. to
4 p.m.
3 CONVICTS ESCAPE
FROM GANG MONDAY
Three white convicts, Will Farmer,
Robert Green and Will Reynolds, es
caped from the Chattooga county
chain gang Monday night. They were
all trustees and walked away from
the camp sometime during the early
part of the night. It was about 8 o’-
clock before they were missed and
search was started immediately for
their capture. Farmer was serving a
life term for murder and the other
two were under sentence of from five
to twenty years.
NEWS WANT
ADS PAY.
GEORGIA’S SPIRIT
: RESPONSIBLE FOR
INDUSTRIAL CLIMB
Views are Expressed by Execu
tives of New Industries.
STATE IS UNITING TO
CAPITALIZE HER ASSETS
Among the Largest Industrial
Plants to Locate in Georgia
is the Chicopee Manufac
turing Corporation.
ATLANTA, Ga., Nov. 9.—Georgia’s
newly awakened spirit of enterprise
and progressiveness, together with
the open-armed welcome extended to
new capital and new industries, al
most as much as her natural advan
tages, has been responsible for a
large part of the recent industrial ex
pansion of the state, according to
views expressed by executives of these
new industries themselves.
Georgia, apparently realizing the
great opportunities offered through
development of the state as an indus
trial center, has united in a move
ment to capitalize these assets( and
the campaign already is bearing fruit.
Among the prime movers in this drive
are the large power and light compa
nies, the railroads, and other public
utilities of trie state, which, practical
ly without exception, have worked un
ceasingly to advance the state in ev
ery respect by interesting new capi
tal in the advantages offered in Geor
gia.
Among the largest of the industrial
plants to locate in Georgia recently
is the Chicopee Manufacturing Cor
poration of Georgia, which, within a
few days will be at work on the $3,-
000,060 unit of its cotton mill and
bleachery at Gainesville, Georgia. The
plant, according to announcement, will
be in operation in about a year, and
will manufacture gauze, cheesecloth
and bunting. The mill will be equip
ped with 50,000 spindles and 1,200 au
tomatic looms. A total of 3,400 acres
has been purchased at an attractive
location, and a model mill village of
100 houses will be built. This plant,
will give employment to more than
400 people, and will have an annual
payroll of $300,000.
Charles A. McCormick, treasurer of
the company, in announcing plans
, for the plant on a recent visit to
Georgia, stated that his company, the
headquarters of which are at New
Brunswick, N. J., was influenced in
locating the plant in Georgia by low
power rates and the assurance of a
plentiful power supply, the assistance
given by several agencies in finding a
uitable site, the fine sentiment shown
Iby Georgians toward new industry,
-the proximity to raw matelials, and
I the fact that taxes are low.
“Representatives of the Georgia
'tailway and Power company have
been particularly courteous in assist
ting us to find an ideal site in Geor
gia," Mr. McCormick said in an ad
dress given at a dinner arranged by
the Gainesville chamber of commerce.
“The service by this company is the
best available in the southern terri
tories which we investigated, and we
are so certain that it will be of high
quality we are not planning to build
any power plant at our new mill. The
electrical service which we expect, as
well as the service already accorded
us by the representatives of the
Georgia Railway and Power company,
are among the principal reasons why
we decided to locate in Georgia.
“The industrial representatives of
the Southern railroad, the county com
missioners of Hall county, and the
industrial committee of the Gaines
ville chamber of commerce, by their
cordial welcome and their cooperation,
also played a large part in our ulti
mate decision to locate in Georgia.”
This plant is only one of a number
brought to Georgia by the same in
fluences. The Georgia Railway and
Power company, which, as a subsi
diary of the Southeastern Power and
Light company, controls the opera
tions of approximately 20 companies
covering a large part of the state, has
’ been a leader in this movement. The
company not only uses advertising
space in a large number of publica
' tions of national circulation in sett
ing Georgia’s advantages before the
world, but maintains an office in New
York, with an industrial representa-
- tive whose sole duties are to bring
new industries, new capital, and new
citizens to Georgia. In fact, it was di
rectly through his activities that the
Chicopee company first became inter-
’ ested in Georgia as a site for its new
1 plant.
What is being done by the power
company is being done in cooperation
! with the railroads, the chambers of
. commerce, and the municipalities of
, Georgia themselves. Awakened Geor
gia is showing the spirit that cannot
be denied!
I unthoughtedly left my overcoat
in an automobile coming from Menlo
I to Berryton Monday morning. Gray,
stripped coat with white handkerchief
in pocket. Finder please leave at Mar
tin Drug store, Menlo, Ga., and get
, reward. —E. H. Hurst, Menlo Ga.
- ■ •
f Col. S. B. Lippett, of Albany, Ga.,
» spent Tuesday here on business.
1 <■>
fl Mrs. J. T. Barnes is ill with flu
- this week.
r FOR SALE—Pigs. A.. D. Mathis,
r Mr. and Mrs. Marvin Millican, Mr.
s and Mr. and Mrs. W. F. Millican
spent Tuesday in Rome.
$1.50 A YEAR