The Augusta herald. (Augusta, Ga.) 1914-current, August 17, 1914, Home Edition, Page TEN, Image 10

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TEN 4% THE 4% Planters Loan and Savings Bank 705 Broad Street Organized 1870. The most efficient e*lmllnl«traUcm of finance la ncceaaary to the man of moderate means, while advice and couneel In financial and business transactions la often needed. This bank supplies these essentials. Men and women In all wellra of life find the service, facili ties and assistance of this Institution of much value to them. We weleome the email account as well as the larger onea, and solicit the banking business of careful, conservative energetic people. Safety Deposit Boxes to Rent These are In five different slr.ee at IS.OO to 120.00 per year, or on this basis for leas period. I_ C. HAYNE, President. QEORQE P. BATES, Cashier. TO RENT No. 1354 Ellis street, f> rooms .. .. . .$20.00 No. 963 Broad street ... .10 rooms .. $40.00 No. 530 Reynolds street. 10 $22.50 House, west of Arsenal.. 11 rooms.. . . $75 00 House, Battle Row 5 rooms .. .. . $lO 00 House on Turpin Hill, for colored people 3 rooms $5.00 Partially Furnished House--on Highland Av enue, 9 rooms, for rent. Price $50.00 per month. JOHN W. DICKEY a 3(?e \aNDEKBILT ~£)ofef muL. S/furtif SburtA Struct east at<Snr4 Torh k\TA WALTON II.MARSHALL, Manager. yf An Ideal Hotel with an Ideal Situation Summer lutes' Bright Bargains in Wants ATTENTION! Herald’s M & M Contestants After Tuesday, August 18th, all evidences of purchases from this store, such as C. 0. D. and deliv ery slips, must be exchanged for regular vote coupons at this store before the same may be voted at Contest Headquarters. Castleberry & Wilcox Two Stores Broad St. Summerville Augusta, Ga. In Operation Vi Years OUTLOOK FOR THE SOUTH'S COTTON CROP The Progressive Farmer Summarizes Opinions of Leading Cotton Authorities. Concen sus of Ideas Seems to Favor Immediate Government Aid in Maintaining Prices. Raleigh, N. C.—The Progresseive Farmer, published at Raleigh, and probably the South's leading farm pa per, in its Issue of August 15th, de votes several columns to a discussion of the outlook for marketing the cot ton crop now coming to maturity, dealing particularly with the serious ness of the present situation and the methods of bettering It. The most striking of these contributions con sist of a symposium by leading cot ton authorities of the country, ex pressing their views as to best meth ods of dealing with the crisis. A Time for Patriotism and Not for Politics. E. J. Watson, president of the Southern Cotton Congress and one of the leaders In the fight for a stable market, is emphatic in the belief that immediate government aid is neces sary If immense losses are to be avioded. Col Watson says: "Nothing short of Federal action in u most business-like manner and reaching the uttermost recesses of the Cotton Belt can relieve the situation that confronts us. When cotton is trampled to the earth the South and every man and woman in it falle like wise, and the financial soundness of the nation itself will he shaken. Cot ton Is about to move to the markets; there Is no market. Heretofore we have been able In crises that have faced us to resort to temporary expe dients without the aid of the national government and save the day. That cannot be done. No necessity for im mediate action is imperative unless it lie taken and taken at once, and unlesß arrangements are made to fi nance at least 6,000,000 bales of dis tressed cotton, damage will he done In the next six weeks that the South may not recover from In years. "Men tell us that the situation is easy to handle, that all we have to do Is to hold (titton. We are in the anomalous position of having to hold cotton and at the same time not being able to hold It. Unless some means are given the small growers of cot ton throughout the South who must soon ho called on to pay hills for fer tilizers and living expenses during the year, the small farmer Is ruined and lie is ruined in the next few years. The small farmer is in the vast ma jority, which means that disaster would he all the greater. "I trust that every man In the South wlio can possibly do so will avail himself of the cheap rates on ut this season and go to this gather ing of representative men of the South whether he Is regularly ap pointed delegate or not. There are scores of other problems connected with cotton that ought to be thresh ed out by the Southern Cotton Con gress while this extraordinary session is In the South is in progress and every man who can ought to be | there.” Meet Only Immediate Obligations. "The cotton situation la In the hands primarily of growers and bankers, says Kir hard H. Edmonds, editor of Manufacturers' Kecord, "and their ability to keep two-thirds of the eom i inn crop from the market until ocean transportation 1» available will deter n Ine the outcome. Hhort hostilities will induce a slightly diminished de mand for raw cotton, even after peace. Prolonged war will check ma terially European buying of the sta ple. but result in better markets, per haps permanently, for American cot ton goods In other countries. "American mills are equipped, if run to full capacity, to handle in an emer gency at least 7.01)0,000 bales and probably more Instead of, as at pres ent 0,000,000 bales. The resultant home consumption would tend some what to counteract the forego ‘im pressing effect. The general world demand for cotton goods is increasing despite temporary interruptions taw cotton, not sold now, will bo needed in the future. . "If Southern growers and bankers will work In unison to market crops slowly hud to bold the surplus till the retuTn of peace, or commerce is free, and if American ! mills will buy as freely as the sltuu -1 thin justifies early In the season the acuteness of the situation will soon be helped. The essential thing Is for Southern growers to sell only enough 1 to meet their financial obligations. I and this is demanded of them by com mercial honor. Then they . can I ,n ?3' I ket the balance as gradually as the prices and conditions Justify, tot urn 1* a world staple that does not ! deteriorate If stored for years, and the | world's requirements even if h^ted ! for a time by war, will ultimately •>« greater than present production, and equal to absorbing all our stock at fair price." Views of Other Authorities. Nathan Adams. Cashier -African ! Exchange National Hank of Pallas, I 1 '-s'kikhein hankers should organise currency associations under the Aid- I rloh Vreeland Act. and by extending i the paper of farmers ues every effort consistent with sound banking meth ods to hold the cotton crop off the I market until a satisfactory price can be realised. This can be safely done and to attempt to eell any cotton at ! ( |,o present time would, In my opinion 'bo a 1 iulcldul policy for the entire i south The government na* shown KdlnsUon to assist. and l beUev. ! that there Is intelligence and Patriot ism sufficient In this country to help the South in its hour of need T. 1. Hickman. President American | cotton Manufacturers' Association: 1 "In a situation so unusual and in volving interests that are so Immense, i,l ,s impossible to give any sugges | tt ( „,s that would be of immediate | practical value, but title Is assured: Hunkers, business men and merchant* ins well as the officials at Washing ton. are doing everything In *ji p * r l»ower to formulate plan® that will he 1 of benefit to the cotton growers, and whatever shape the movement takes, the American Manufacturers' Assocla- I tint, ran be counted upon In support ling It to the fullest The cotton i growers are among our best friends, j and what hurts them hurts us ." E ,t. tilenny, president of the New Orleans Cotton Exchange, believes 1 that consumption will not be as heav ! tty curtailed as ts the general opinion. Continuing, he says: "What are conditions as we now see them from the viewpoint of supply I snd demand 7 The normal crop for | the coming pear, based on govern ment figures, promises In the neigh • I orhocsl of 14.000,000 bales. With | England and Europe entirely cut off THE AUGUSTA HERALD, AUGUSTA, GA. from receiving any supply from Amer ica we should be face to face with a maximum consumption—in the Unit ed States and Canada of about 7,000,- 000 hales. This would mean that the United States mlgh have to carry 7,- 000,000 bales until normal or nearly normal trade conditions could be re sumed. But have we the right to conclude that such a condition is pos sible? England, the largest foreign consumer of American cotton, is also statistically at least, the greatest power on the sea, and should she in the near future demonstrate her abil ity to control the s<Ui, English, French and neutral bottoms would be able to carry cotton to Liverpool and Man chester and neutral ports without fear of capture, and Instead of English mills running on short time, they would In all probability run under forced draft and materially increase their consumption. "Under such conditions the exports to Great Britain and neutral powers could easily reach 5,000,000 hales, and we should have a consumption of about 12,000,000 hales for the coming year, thereby leaving only 2,000,000 hales to he added to the visible sup ply, which should not be a very de pressing Influence after the decline which has already taken place. Last year the total consumption of Ameri can cotton in Germany, Austria, France and Belgium, the powers other than Great Britain now at war, amounted to 3,200,000 hales, which would he largely offset by the in crease in the takings of American, Canadian, English and othfer neutral mills. "To meet the financial require ments of farmers and merchants in order that they might carry the sur plus, until it is wanted, which it surely must be finally, the United states government could distribute such sums as may be necessary from time to time among the banks of the South, thereby enabling them to ad vance say S4O per bale for a period of six months or more. Thus the reg ular course of business need not lie disturbed and confidence in cotton circles would lie restored, which would he reflected in all branches of busi ness." “The dominant note In the state ment of Mr. C. A. Lacy, president of the Memphis Cotton Exchange, was lather hopeful. He said in substance that he believed this year’s crop would bring at least 12 cents a pound If the farmers did not become alarm ed and force the crop on the market and the government could be induced to render aid In financing the holding of the crop until conditions cleared and improved. He thinks that while Germany and Austria usually take about 2,500,000 bales, the domestic (American) mills will consume 25 per cent more than usual and that there fore, with financial arrangements to hold the cotton until English and other foreign mills can handle it, would take care of the situation. Sumamrizing the situation, urging government aid in passing through this critical period, The Progressive Farmer says: "nans for remedying the cotton situation seem to be getting under way, if farmers will only meet, write, and act as they should. It all de pends on them. We do not now be lieve, in any case, that cotton prices nre going to be disastrously low as some fear. But what concerns us is that with only a 13,000,000-bale crop prices not only ought not to be low, but they ought to be high and the danger is that farmers may take nine and ten-cont prices this fall—and that speculators and buyers will then sell the same cotton for fourteent to six teen cents after Christmas. "The one thing needed to avoid this condition is to arouse our fanners and our oongressmep. Let every Progres sive Farmer reader who makes even a bale of cotton write to his congress man and say: “I believe the govern ment should help finance the cotton crop in the present crisis, and so ar range It that farmers can get this help without paying anybody high in terest or negotiation charges.” The farmers have only to get busy In prodding congress, meeting in every county to effect holding plans and selling pools, and the situation will be saved.” Gold! There’s lots of it—but generally too mixed with rock to be profitable. Much the same with food value. The nourish ment in many foods is in such form that it cannot be readily assimilated. Grape-Nuts is scientif ically prepared from wheat and barley to pre sent their rich nourish ishment in easily digest ible form. Long baking (about 20 hours) breaks down the starch cells making it partially predigested and readily assimilable by the most delicate stom ach. The food is delicious ! “There’s a Reason” for Grape-Nuts —sold by Grocers. BIDS ASK FOB EQUIPMENT OF NEW HOSPITALS Interior Furnishings Needed, Kitchen Equipment, Refrig erating Plant, Laundry Equip ment, Etc., Must be Installed. Bids are being asked for the equip ment of the New University Hos pitals of Augusta. The bids will be opened on September Ist. The new hospitals are complete on the outside but the electrical fixtures, the refrig erating plant, laundry equipment, kitchen equipment, etc., are yet to be provided for. It is expected that by the first of next January the hospitals will be moved into the new buildings. The following articles are to be se cured: 1. Completing interior finish of Kitchen and Laundry Building and constructing Morgue Building. 2. Furnishing and installing win dow and door screens for all outside openings in all buildings. 3. Furnishing and installing Elec tric Light Fixtures for all Buildings. 4. Furnishing and Installing Refrig erators and Ice Chests for all Build ings. 5. Furnishing and installing Refrig erating plant. 6. Furnishing and installing Laun dry Equipment. 7. Furnishing and installing Kitch en Equipment. ME FOR RUSH FROM CONTINENT Committee in London Expects 5,000 a Day As Soon As Mo bilization is Complete MAY BEGIN NEXT WEEK Travelers’ Tales Found to Be Exaggerated in Some Cases. New Relief Organization London.—lt was estimated that sev eral thousand Americans called at relief quarters at the Savoy today, hut the situation is well in hand ac cording to J. P. Day. He said: "The only fly in the ointment is the number of cancellations of sail ings. These include the Aquitania, Carmania, Caronia, Lapland, Alsatian, Victorian, Empress of Britain, and Caledonia, though possibly the report ed German request for an armistice may mako some difference. Unless .unforeseen circumstances prevent the Laconia, Teutonic and Virginia will sat ltomorrow and the Royal George on Monday. "Frank H. Cook today offered the committee the services of all their agents on the Continent to assist in corralling Americans and getting them from the Continent. “John Avis, Continental Traffic Manager of the Southeastern and Chatham Railroad, also offered his services. He said the Boulogne and FUishing boats yesterday brought over 2.000 passengers, 70 per cent Americans. The Hook of Holland boat will make its last trip with the British ambassador from Merlin and English and American passengers. The Minneapolis and Cymric have been requisitioned by the govern ment. "Our investigations show there are no Americans stranded on the coast of the Continent unable to get tarns portation. We have checked this up through the reports from Cook's agents, all Channel steamers, and re turning travelers. "If things go right, 5,000 a day can. be brought over the Channel when the rush from the Continent begins again after mobilization is com pleted. Nicholas F. Brady has offer ed his yacht to bring stranded Amer icans from the Continent, but It was not accepted because we found we would not need it "Messrs. Kent and Hetzler have made arrangements to send gold over to stranded Americans on the French and German border, and are waiting only to find out how to get it there. H. C. Breed was today elected Treas urer, and W. N. Duane of the Bankers Trust Company. Secretary of the American Committee.’ Americans here are perfectly safe and exposed to practically no Incon venience of any consequence. Con ditions in Paris are not in any way alarming, though there is greater In convenience than in Eondon, and of ] course the difficulties of getting j home to America are doubled. Re- 1 sponsible arrivals and private letters from Paris both agree that there Ib no need of exaggerated anxiety- In the interests of peo; le on your side who are legitimately anxious I about relatives and friends in Europe, I Teel impelled to point out that: many stories refugees are telling here j betray evidences of exaggeration, and j in some oases do not accord with what is known to be the facts. For instance, a man whose name is well-known in America came to our office today with a woeful story of a panic in Ostend, for which, on the evidence of several personal frien ls of the American, who also returned from Ostend. there was no justifica tion. A STRAY SPHERE. "Ah. a new planet approaching the earth." cried the near-alghted professor. "Just a high fly from the ball park, professor." suggested his companion on the stroll. DOINO HER SHARE "Stella ts taking Vanessa to task "Why don't you do something for the cause? * Where.it Vsnnessa waxes Indignant. "Me? Didn't 1 embroider *Vo:ea for Women' on a sofa pillow r* MONEY AT YOUR FINGER TIPS For People Up Town, Down Town, Out of Town and All Around Town Real Money Too-The "Wizard” Hands it Out With a Free Hand A tremendous business today makes it necessary that the 4 Wizard’ clean up several lots tomorrow. Take a Good Look It Took The “Wizard” A Long Time To Decide on These 10 Bargains There Were “Oodles” of’em But We Hope You’ll Come Today and Just tor Tuesday All 25c Towels, in plain and scalloped at 21C $1.25 Colored Scrim Curtains at , per pair 50c 15c Turkish Towels, at 9c 15c Pillow Cases, 42x36 inch, made of good quality cotton, at 10c 15c Printed Lawns, all reduced to 5c 39e Seersucker in the leading shades, all at 10c $1.25 Mosquito Canopies at 95c 10c Bleaching at 6k $3.00 Silk Jersey top Petticoats, at $1,95 $1.50 Corsets in broken sizes at SI.OO see What’s Doing at The Livest Store in Augusta. Tomorrow is "Red Letter” Day Watch For Our Ad. And remember the better you know the Wise store the better you will be able to stand the exhorbitant prices of foodstuffs. THE WISE DRY GOODS CO.' “The Store of Quality” 858 Broadway Augusta, Ga. MONDAY, AUGUST 17 This is Sale Time all Over the City But You Know There are Sales and Sales. We Told You . This One Was Different. It’s Real and People Know it Judging From our Daily Crowds.