Newspaper Page Text
Union are in favor of our building
our own warehouses, and in many
respects it would be best for us to
own them. But for this year the
time was too short to get up the
money from so many members and
to build. A reasonable rental about
equals the interest on the money it
would have cost to build; whatever
profit .-there is in the business will
belong to us, so our move seems good
so far.
We should be careful in our se
lection of men to run these ware
houses.
They should be men who are true
as steel to the farmers’ interest, and
above suspicion of entangling alli
ances with the cotton speculators.
These speculators will have no meth
od u* tri d to keep their hands in
our p ckets to rob us, as they have
for years past, and a traitor in the
warehoues would be a useful tool
in th i.? hands.
What Polk county has done, ev
ery of er county in the cotton belt
should do. With oir own warehous
es, we can draw what money we are
compelled to have, and it will be
o r own fault if we do rot get for
cotton whatever price the Union sets
upon it.
Some of our would-be advisers tell
us that we don't med warehouses;
that under the old system a farmer
could put his cotton in the ware
house and draw money on it. Os
course he could, but under this sys
tem every farmer acted independent
ly and was still at the mercy of the
speculator.
We need this warehouse system
of our own to bring the whole cot
ton belt in touch, hold or sell as a
compact organization, and control ab
solutely the market price.
Some of the speculators have made
their brags that they had their con
tracts to supply the consumers with
sot ton and would get their spoils in
spite of the farmers. Will you please
tell us, Mr. Speculator, robber and
gambler that you are, where you will
get your cotton when we put it in
our own warehouses under our own
control? Your contracts with the
consumers won’t be worth the paper
they are written on. The consum
ers are obliged to have the cotton;
they will have to come to us for it
and you will have to get out and
work for an honest living like we
do, or steal from somebody else be
sides the farmer.
The cotton mills add to the cost
of the raw cotton expenses, profits,
etc., and price their products ac
cordingly. They don’t care how
high cotton goes, so it is uniform,
for they simply add the rise to the
market price of their goods. They
often sell at a fixed price the outpur,
of their mills for months ahead; the
bulls and bears meantime monkey
with the price of cotton and the mills
lose heavily. It would be better for
them if we set a high price for our
cotion and made the whole world
pay for it, for then they would
know just how much profit they
could make. For this one reason
alone every cotton mill in the coun
try should co-operate with us.
England is selling cotton now to
other countries for 12 and 13 cents
” X—* x * x_4 x I x_< x x J. XX kJ x-z 1i X * 111 •
per pound, which speculators scared
us into selling here at 8 to 10 cents.
A few weeks ago a cotton mill in
Georgia had to buy 500 bales in
England costing about 13 cents. And
all of this in the face of a thirteen
million-bale crop.
So far as supply and demand are
concerned, cotton should never have
sold for less than 15 cents per pound.
Yet we have been forced to take as
low as 4 and 5 cents by the heart
less, unscrupulous speculators; cars
ing the whole country to groan in
misery at the hard times.
At 15 cents we could have im
proved our farms, cd cattd our chil
dren, paid our debts to merchant,
doctor, lawyer and preacher. ‘ 1 Butch
er and baker, candle-s'ick-maker”
and everybody else would have been
prosperous and happy but for these
“kussed” blood-suckers, the cotton
speculators.—Cedartown Standard.
CIGARETTE SMOKERS.
There are thousands ai d thou
sands of young men and boys who
have become addicted to the cigar
ette habit. Os all habits this is one
of the most deadly in which a man
can indulge. Os course, there are
exceptions to be made in everything,
and there are some few who can in
dulge in cigarette smoking appar
ently without anyhann. If we w re
compelled to choose between whis
key and cigarettes we are of f e
opinion that whiskey would be more
preferable. Quite a number of men
and boys indulge in cigarettes, and
seemingly they are not injured, while
there are thousands of ethers who
have used the poisonous fumes until
their health is ruined and tlr*ir
minds are impaired. There are th s
who have landed in the lunatic a y
lum, only because they were su h
slaves to the cigarette habit that
they indulged until the strength of
the mind was gone. We do not 1-
lieve the average man can use c'g
arettes without serious injury t ■
himself. Several days ago we were
in conversation with a business man
of this state who was the employer
of quite a number of men and boys.
He told us that he had worked th ■
cigarette fiend and that he had
worked the man who d : d not smoke
side by side, and that in every case
the man who left off the cigarettes
was a much better workingman. He
said that every cigarette fiend with
whom he had dealings was slothful
and inattentive to his work, and
that a good part of his time was con
sumed in making cigarettes. The
time has come whn merchants wi'l
not employ the man who uses cigar
ettes if he can possibly do otherwise.
The business man does not want the
cigarette man at any price, but th*
users and the boys who are growin r
up around us do not seem to heed
the warning. It is no uncommon
thing to see a boy ten or twelve
years old using cigarettes, and if
they keep this up until they reach
their majority the result will be that
they will grow dull and listless, as
a result of the poinonous effect of
the cigarette upon the mind. In
view of the very damaging effects of
cigarettes we believe a law shou’d
be passed prohibiting their sale, and
not only should this be done in Geor
gia, but it should be a national law.
If it is not done the lunatic asylums
throughout the state will be over
run in a few years with the ones
whose minds have been destroyed by
cigarettes. Our business men are
beginning to know the cigarette fiend
and they have no use for him, and
they are right.
NEW SECURITIES THIS YEAR.
(New York Journal of Commerce.)
The grand total of new securities
authorized since January 1 by rail
road, traction and industrial compa
nies is $1,106,738,900, which compares
with $882,370,214 in the correspond
ing period of 1906, an increase of
$224,368,686. Bonds and notes have
contributed $629,096,000 to this
year’s total, against $593,036,000 a
year ago; the main difference is that
this year short term notes have been
responsible for 75 per cent of the ag
gregate, whereas in 1906 notes were
inconspicuous. Stocks to date have
accounted for $477,642,900, contrasl
ed with $280,334,214 last year.
Os the $1,106,738,900 authorized
since the beginning of the vear
approximately $660,000,000 has been
issued. The remainder, as a rule,
has not been held back, because the
borrowers did not need the money,
but solely because of the unrespon
sive state of the money market.
Notes have found a readier sale than
either stocks or bonds. Since Janu
ary 1, $268,076,000 notes have been is
sued: bonds have contributed
050,000 and stocks only $159,439,-
900. notwithstanding that the flota
tion of $487,642,900 in stock has
been authorized
The deluge of new securities be
gan last December, when $335,000,-
000 were floated, January brought
the announcement of $329,000,000;
February was comparatively light,
with $133,000,000. hut in March the
total rose to $227,000,000; almost
wholly in stocks. April’s quota was
$176,000,000. larvelv in notes, and
May add d bonds this
time being by far the most prominent
item, owing chiefly to the Union Pa
cific’s $75,000,000 issue.
HENRY CLAY SEEN BY HIS
VALET.
(Continued from Page Three.)
though, but he fit em ’like a coon
wid four feet in de water and his
back half kivered. ”
Mr. Clay’s Oratory.
“He war a speakin’ man,
thpugh,” continued Eli, as his enthu
siasm began to carry him away. “He
war the most best sneakinest man in
the whole country. I remember when
dey war try in ’ of dat man, Fayette
Shelby, for a kilim’ of Marse Hor
ine. at Lexington. When it come
time for de old marse to speak he
jist had all de benches an’ cheers
moved out in the college yard, and,
Ghee, how he did let himself loose!
He got to talkin’ about de Scriptur’,
and de women folks dey began to
cry. Den, you see, de old marse,
was a makin’ his pint, an’ bimeby
when de proper time come, he jest
let loose all holts an’ fell back like
he was a faintin’. I seed de ole
marse, dough; his eyes was a blinkin ’
like a toad’s in a thunder storm, an’
he wus a chucklin’ in his sleeve. He
warn’t no mo’ faintin’ dan yeu is
at de present moment. He wur a
makin’ his pint by workin’ on de
sympathy of de crowd, an’ ho made
it, too. Oh, I tell yon, de ole marse
wus as slick as de very debbil. Eli,
yi!” chuckled old Eli, “you orter
seed de trick he played on all dem
lawyer folks onct. Dar wur a man
stole a hog, an’ he cum to Marse
Clay an’ I ole him he wanted him ter
defend him in de courts. De ole
marse, you see, he goes to work an’
makes de man kill de hog an’ cut
him squar in two. Den he takes one
part hisself, gives de udder to de
thief, an’ when de trial comes along.
Marse Clay he gits up an’ tells de
lawyer folks dat the prisoner didn’t
get mo’ of dat hog dan he did his
self. He tole de truf, too, an’ de
thief he got off on Marse Clay’s say
so without de least bit of suspicion.”
On the Course.
In speaking of Mr. Clay’s fondness
for horses, Eli tells of a fine race
mare the statesman owned, called
the “Golden Cup.” Upon a certain
occasion the mare was matched to
run a. four-mile race against a fa
mous horse owned by Col. Sidney
Burbridge. The race came off at
Lexington, and everybody in that
part of the county was present. Gen.
Abe Buford, old man Shy, and other
distinguished turfmen were backing
the mare, while Col. Burbridge, Gen.
Warfield and other well known horse
men were playing the horse. “The
race wur run,” said E’i, “from eend
to eend, and when dey come out a
puffin’ an’ snortin’ at the end of de
four miles de Golden Cup was jest
de length of her mane in de lead.
De ole marse he jest fell on de mar’s
neck an’ laughed like he had gone
clean mad. He kissed de Golden
Cup an’ sent her home, an’ after dat
nebber allowed her to do another
lick of work. An’ I tell you,” said
old Eli. growing confidential, “Mars
Clay jest won thirty thousand dol
lars on dat race, case I seed de money
all in big bank bills, an’ de very next
week he went to work hisself and
guv me a pair of brown-lined store
shoes dat cost him free dollars in
Lexington.”
At the Board.
Eli says that the last time he saw
his master was at a dinner party giv
en by him at Ashland the night be
fore he went to Congress in the year
he died. Gen. Breckinridge. Col.
Shelby. Tom Marshall and other dis
tinguished gentlemen were present,
and altogether they had a glorious
time. Eli says his master derived
more delight from his dinners than
from any other source, and when
at home he gave one or two every
week. His master, he said, was very
fond of field larks and blackbiids
and trained one of his servants to
the expert use of the gun in order
that he might kill them for him.
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