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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. Agents Wanted In every town and post office to so licit subscribers for Watson’s Weekly and Watson’s Jeffersonian Magazine Write today for Agent’s Outfit and sample copies. Address Watson’s Jeffersonian Mag azine, 608 Temple Court, Atlanta, Ga.