PAGISTiro
TOE TWlCE-A:-inCiSlC OI^ATCh/tUESDAY, NOVeKBSB i4tsm4
SPEED THE PENDULUM’S UP-SWING.
‘The worst has passed.” Talk to any number of basiftess
men and that's what nine put of ten will tell you. Nor will they
80 express themselves out of a sort of befuddled, brainless optim
ism. Each will have facts and figures in his own business to
which to refer you or citations and comparisons in other tinies
of activity with which he is familiar.
The business pendulum has passed the lowest point of depres
sion and is now rising on the up-swing. Just a few notations cull
ed here and there from Thurday's news gives this statement sim
ple reenforc^ent.
Market information was to the effect that the exports of
cotton had exceeded the receipts with a further advance in price
scored and the presidents of two railway systems attending the
road congress here t^tified to the soundness of the foundations
of Southern business and its present upward trend.
And this is authoritative speaking for where else are regis
tered so swiftly and so certainly the pulse beats of trade as upon
the great arteries of commerce known as railroads? Said Presi
dent John Howe Peyton, of the Nashville, Chattanoo^, and St.
Louis Railway :
“While conditions in September were very discouraging,
there was notable improvement in many lines in October^ and now
that the rnovement of cotton has -started, I believe that we may
look forward to a speedy revival of activity in all branches of
business. • •
“i believe that the worst is now behind us and that we should
Sill get ready for handling an expanding volume of business, which
by the early months of 1915 will equal if it does not surpass
that of last year.
Said President Fairfax Harrison, of the Southern Railway ;
“As evidence by its continuance of constructive work for
which capital funds were provided last spring, the management
of the Southern Railway Company is s-teadily in its confidence
that the present situation in the South is temporary because the
causes of it are external and not internal. The South has been
prosperous in recent years, and is now better able than ever to
sustain a period of depre.ssion and recover from it promptly when
the pressure is relieved.”
Speed the pendulum's up-swing. The first general applica
tion of the speed force must come from the cotton growers. The
driving power of all Southern commerce is derived from cotton.
If cotton is pledged for past debts, is hekl away from the markets
the power shrinks and business falls prostrate.
The cotton growers must take the initiative. They will find
helpful co-operation from every other department of Southern
business. IThe movement of cotton to the markets has already
started in cheering volume. But it must go faster and in increase
ing volume until it has revivified every Southern interest depenri-
ent upon it.
Clean the decks now for next year’s prosperity. Everybody
knows that it is just over the horizon. But it cannot be adequate
ly received or fully enjoyed or in any satisfactory degree made
the most of if we approach it burdened with this year’s debts;
and, since the South’s debts must be settled with cotton it devolv
es upon the cotton growers to sell enough of their product to
discharge their obligations.
I?rosperity’s pendulum is on the rise. Heave to and give it
a shove. Sel! cotton. Get out of debt.—Atlanta Journal.
the South, where a sinring drouth while the grain is in the milk
stage so often seriously cuts down yields.
j The activities in that industry have'don’t y6u, Mr. Schmidt?*’
; been more or less of a governor on
kindred business. With the mills
ol the steel company rolling: out the
sheets of steel, moldinc’ rails, and
keeping a larg;e force of men at work,
BROKER CHEERFUI, OVER COTTON-TRADING OUTLOOK.
New Orieans, Nov. 14.—Contracts in the cotton market were
a little higher today, January standing at 7.50 bid, as compared
with yesterday’s low price of 7.45. Feeling among brokers was [however, the other industris are Ui-
cheerful over resumption of business Monday. j dined to take heart and resume activ-
The rise of a sixteenth in.iDallas spot quotations caused fav- j ities, it is pointed out.
orable comment as did also sales of spots fbr the weA in Liver-; ——o
pool, total transactions there being 48,000 bales aeainst 61,000
this week last year.
Gastonia, N. C.—All of Gastonia's 17 cotton mills are again
running full time with the exception of one, which will resume full
time next week. During the past several weeks, when dther sim
ilar raanufacturinK industries over the Soiith were curlwling
A POOR SDBSTiTLTE.
During a financial panic a German
fr.rmer went to a bank for some mon-
fj". according to the Kansas City Star.
He was told that the bank was not
payinir out money, but was us!n|r
csshier’s checks. He could not under
work, only four of the cotton miUs of Gastonia stopped work at! , ^ ^ ^ insisted
all and then for only two or three days during the week. With-'
out an exception every other industry in Gastonia is now run
ning full time and enjoying a lucrative business, an encouraging
outlook for future business is evident.
on money.
Bessemer City, N. C.—The mills are on full time again and
things are be^nnins? to brighten up here. Houses are being put
ill shape for the operatives in the Harboro Mills, which will re-
fume work soon' under new management.
And the indications are still
spend Christmas in the trenches.
strong that the soldiers will
The Times-Union dubs it the Republic of Mexico,
volcano always in eruption.
It is a
The officers took him in hand one
after anotber; with little effect. At
last the president tried, his hand and
after Jong- and minute explanation
some inklinjf of the situation .;eemed
to be dawning on the farmer’s mind.
Much encouraged, the president said;
“You understand now how it ia.
“I t’inK 1 do,” admitted Mr. Schmidt.
“It’s like dis, ain’t it? Ven my bahy
vatcQS up at night and vants some
Etilk, I gif him a milk ticket.”
Oy—
PHAISE l-'OR WISCONSIN LAWS.
Massachitsetts Governor Assorts Bad
ger iState Is About Best Governed
in Vtatm.
“About the best State Cioverntnent
in the UnioD is that or Wisconsaa,”
said Governor David. I. Walsh, of
Massachusetts at the Blackstone ho
tel, last ni^t.
. Governor Walsh stopped in Chica
go on his return to Boston frba the
j.ieeting "f governors at Madison, Wis."
“The Stiifa takes better care of the
individual than any other state in the
Union ” he a.'sprted. “And I sup-.1
pose, as a conse.'>v.ence, there is more
interest in government among the peo-
f,!e of the State than there is any-
wher.^ else.”
MILL REOPENING AT GARY
SIGN OF BETTER TIMES.
5,000 .Men Will Return to Work Tu-
Day; Officials See Pr^perity Re
viving—War Reaction is Past.
Five thousand men with dinner
nopjolized in the
manufacturers.
past by European
Wheoever Vod Need a Qeneral Tonic
I Take Qrove’s
I The Old Standard Grove’s Tasteless
j chill Tonic » equally valaable as s
tsiaci I General Tonic because it contains the
p„il. will walk into the steel -ills |
!t Gary this morning at 8 o’clock after | oat Ualsria, Bnriches the Blood and
. ' , ! Builds up the Whole System. SO ceots.
rn idleness of several weeks. j
The mills will start tj turn out;
stee! and iron products for the first j Pil^ Cured in 6 to 14 Days
time since the outbreak of the Eu^o-
ptan war. Prior to the war only ^
small foi*ce of men was kept at work. /
In the opening today the officials of j * "
the ir.ilia see the return of jv fair de- ’ OnJy On® ’'BS^OMO QUININE”
K-'ftc of prosperity. They expect bus
iness to improve considerab!y in the
next few months.
“The bottom has dropped out of
the business depression in tho Unitel
States," an official said yesterday.
now on we expect an upward
trend in the business thermometer all
over the nation.”
Vo t)i« ffesoisp, e«I] Sot full cune. LAXA*
TIVB BROKO QVININB. X«ook for tiffsniore of
B.W.GROVB. C«rft« ft Coia in On« Stop*
^oug!t_ind ae«d%tthe« mwA works ofi c;«14. 2Sc.
Sans Otf $ont, Otiw Kmiidu WoB*t Con.
The Trarit cases, no msiter of how !on.«r ttaitdittc.
are cured b; the wooderfal, old reliable Dr.
Porter's Antiseptie Healing OU. It feHevee
Pain aad Healt .mt the same tiibe. 25c. 50c. $l.V
Business Battles
Are often short anil decisive. One of
the most important assets in such an
engagement is ycur appearance.
You are sure of your appearance if
you are wearing a SUIT made by H.
GOL0STEIM.
The weather is taring cold, you will
need your NEW WINTER SUIT & OVER
COAT. Give us a trial always please our
customers.
H. Goldstein
Tite tailor who makes hi» clothes in yotir town.
THE COTTON I.OAN FUND. i
The Cotton Loan Fund plan proposed by St. Louis bankers
and approved by the Federal Reserve Board i.s so nearly ready
for upe that the detailii of its operation may be given.
The fund has been sub-^cribed by bank.s—chiefi.v in the North
and West—and con.si.-its of $135,000,000. This fund ii? to be loan
ed to cotton ffrowers at 6 pente per pound, middling basis. Ware
house certificates of approved warehouses are to be accepted as
security. The cotton must be insuied and the warehouse charges
paid by the borrower. Interest will be charged at the rate of 6
per cent. Loans must be applied for through banks—^^ny bank—
before F'ebruary 15, 1915, and run till February i, 1916. From
the face of each loan 3 per cent, is deducted and held a.s addition
al .security for expenses. It is believed that nearly all of this
charge will be refunded to the borrower when the note is paid.
The plan seems a good one—as far as it goes. It will un
doubtedly greatly relieve present financial distress. It will prob
ably be in operation before the end of the present month.
The cotton outlook has materially improved during the past
week. Foreign shipments are increasing daily and there is moder
ately active demand at above 7 cents. Those who persistently
hold are sure of getting fair prices in the near future. We do
not mean by this that we advise holding for a definite price, or that
this crop can possibly bring high prices.
The crop is large and business conditions would not be ideal; are expected to come here whae these
even without war. We still believe in letting a little cotton go j mill.-! t^ike care of the armor plate
where so doing: helps local business conditions. Then the bulk; work for the allies in the European
of the crop should—before planting time comes—bring above:wer.
9 cents. j _o_
’ so MILiT.\R¥ WORK HEEE.
RETRE.NCHMENT BV RAILROADS
“The financial difikultie': of some
( f th« lailrofids have caused a cessa
tion of buyinj? in the maintenance de
partments of the lines, which of
crurse, has reacted directly on the
steel industry.
“Hut the railroads ha^e ^fot to run
their trains. They must have rails to
raa them or, and it will be only a
short time until the railroads start
n.akini; rail purchases. Incr^rfised
freight j-ates will enable them to buy,
and the buying will be in larger quan-
titie;$ than the usual orders because
many of the roads have
their Wnea during the depression.**
The mill will start lo work on small
sttel products, consisting chiefly of
produ-its for agricultural implement
factories, building steel and iron
plates for ore steamers. Much of the
smaller jobs of the Pittsburgh mills
The vote cast for congressmen in Southern di.stricts where
there was but one candidate was extremely light. The large num
ber of letters received from subscribers approving our suKges-
tion, and the quite general reproduction of “Our Betrayal" edi
torial by local papers, convinces us that the Ruralist had some
influence on election results.
We have made no captious critici.sm of the administration.
We have approved and supported eveiy measure it has put into
lnw.
It is the sins of omission rather than those of commission
'rhich we have criticised and against -which the people register
ed so emphatic a protest on Noveinber 3d. Among these acts
»f omission we give first place to rural credits—demanded by the
Hsited farmers of the country and promised in the Baltimore
platfoiTC. The administration and the new congres.-? con do
xothing which Tvill go so far toward justifying continued confi-
ienee as the immediate redemption of this pledge. Here's your
•pportuiiity!
In connection with the present strife for increased grain
«K»ps in the South one point is of «i‘eat practical importance.
Many recent field tests have showi» that drillin)^ grain three
iaches apart rather than at the usual distance of sLx or seven
inches very greatly increases yields. The average seasons an in-
creaee of 25 per cent is comison, while in dry seasons doublingr
iSie crc^ is assured. Tlus ktter fact is particolariy important in
It wa.s reported that no military
steel would be turned out here. Parts
lot automobiles, plows, and the like
vill form the bulk of the business for
a time. The implement factories must
fill their orders for the agricultural
trade, and the manufacture of there
supplies is now under way.
The Gary mills work 8,000 men
when the plant is running full blast.
The retain of 5,000 men does not mean
the mills will attempt to operate at
capacity for several weeks. These
men will work short days—probably
about seven hours—and five days a
week. I
This time will be leni^tbesed and
the narober of men increased just as
f.ist as the business justifies it. The
officials predict that by spring the ef
fect of the war in this country will
have entirely disappeared, to be fol-:
lowed by added business, broutrnt
about by the fact th&t factories here
will be foreed by foreign denuutds ts
.t'’pply a market that has been
ANNOUNCEMENT
We have purchased the stock and good-wiil of
Stewart s Jewelry & Book Store.
T'bis stock is too large to display properly in the present iccation, so we will, until the
stock ia reouctd, give
Some Extraordinary Bargains in All Lines
This stock consists of
High Grade Watches, Clocks, Jewelry,
Silverware, Stationery, Novelities, and
Numerous Other Goods of The Highest
Quality.
Our new Christmas Stock is now arriving. Now is the time to maKe your Christmas
purchases. We will continue to handle the BEST GRADE of goods found in a first class
store. We do
Aii Kinds of Watch, Clock, and Jewelrj Repairifig.
All repairing will be under the personal supervision of Mr. Stewart. Th« quality of
his work is not questioned, everybody knows it to be the best.
We appreciate your business.
STEWART JEWELRY STORE,
Ben M. & G. W. Hoffman, Props,
Burlington, N C.