PAGE FOUR THE CONCORD TIMES PUBLISHED MONDAYS AND THURSDAYS Entered ae second class mail matter at the post office at Concord, N. C!, under the Act of March f 3, 1879. J. B. SHERRILL, Editor and Publisher W. M. SHERRILL, Associate Editor Special Representative: FROST, LANDIS & KOHN New York, Atlanta, St. Louis, Kansas City, San Francisco, Los Angeles and Seattle OUR TEXTILE LEADERSHIP. “The South has not only wrested lead ership from the New England section of the country in cotton manufacturing,” says The Charlotte News, “but it has leaped so rapidly to the forefront and is continuing so rapidly its processional to supremacy in this particular that there is little chance of this pre-eminence ever being taken away from it so long as such t favorable conditions prevail in this local ity. ) “And with the growth of cotton manu • -t • | facturing proceeding under such auspic ious circumstances, it would seem logical, at least, to assume that the South’s devel opment in other lines of manufacturing will likewise be speedily boomed. “The imporftant thing for Southern in-! , terests to do now is to look irrtmediately i i toward the development of finished goods ! lines. Therein is the South weak. “Just as it was natural for the section j of the Country that grows the cotton to j develop into the cotton manufacturing j fnecca of America, so it is just as logical that the -cotton' manufacturing center | should become the finishing gOods empor ium also.” More and more, we believe, manufac- j Hirers of the Suth are seeing the neces sity of establishing plants to finish their goods. In this county practically all cotton goods are finished and in other Southern localities the trend is in the same direction. _ In the textile directory of the Southern j Railway just issued it is shown that there ! are now more spindles in operation in the t South Jhan in New England and that j cotton mills of the cotton belt consume 70 1 per cent.-, of the cotton manufactured in : America. The City Builder, the publi-; cation of the Atlanta Chamber of Com- I merce, recites the following facts and figures relative to the situation: “While heretofore, New England has led all other parts of the United States j in cotton manufacturing equipment, on Marcli 1, 1927, there were 183,738 more spindles in the South than in New Eng land mills. In all of the Southern States there are now 17,936,264 spindles, or ! 47.95 per cent, of all of the machinery en- j gaged in spinning cotton in the United j States. ' “The continued southward movement of the cotton textile industry is shown by j the fact that there was a net increase of 189,140 spindles in the South and a net decrease of 656,604 spindles in all other States in 1926. The number of spindles outside of the South reached a maximum in 1922, since which year there has been a net decrea.se outside of the South of 1,- 512,695 spindles, as compared with a net increase of 1,971,883 spindles in the South in the same period. Mill construction - now under way and in sight for 1927 in dicates that by the end of the year the South, having already pased New Eng land, will have nearly or quite 50 per j cent, of all of the cotton spindles in the United States. “The discovery lists 1,080 textile plants of all kinds in operation at points served ' by the Southern on January 1, operating, 13;397,047 spindles, 261,362 looms and 49,- 567 knitting machines. During the year, including those under construction at the end of the year, 180 additions were made eto existing plants. Cotton mills at points jf "Served by the Southern contain 73.79 per ' cent, of all of the cotton spindles in the cotton growing States. “That cotton manufacturing is profita ble in the South, under trade conditions, which compel shutting down or curtail ment in other parts of the Country, is shown by the fact that in 1926 Southern mills consumed 4,757,902 bales, or 71.16 per cent, of the total consumption of the United States, While mills in all other States used only 1,928,562 bales or 28.84 per cent, of the cotton consumed. Lu 1926, the Southern mills, with 17,1136,264 spindles in place, operated 61,520,349,555 spindle hours, while mills in the other States, with 19.468,208 spindles in place, operated 35,480,024,187 spindle hours. In other words Southern mills with 47.95 per cent, of the spindles worked 63.42 per cent, of the total spindle hours in that year.” PAY YOUR DEBTS, SAYS BABSON. “The year 1927 is a good year to get out of debt,” says Roger Babson, noted; economist in a letter to the business trade of America. “Now is the time to pre- i pare for future opportunities. Safeguatd j your profits. Protect your indebtedness, insure your family by leaving them 4reC ; from notes and mortgages to pay.” And pay your bills, further advises Mi Babson. Read the following from Mr Babson: “One of the healthiest signs in the pres ent situation is the campaigns which are being made to get people to pay their bills promptly. In several cities the retail merchant associations are making defi nite efforts along this line. The Nation al Retail Association is prepared to sup ply Any local body with a series of news paper ads. which the retailers of the city can well afford to have inserted in the lo cal paper. Some cities are using a *Pay-| Up Week’ similar to the ‘Clean-Up Week’ which has been existing for some time., In some cities the Retail Trade associa tions have K threatened to publish the names of delinquent customers, the same as a club woyld post the names of those w T ho do not pay their club dues. “It is said-that in some small places the Women’s clubs have been earning money by receiving commissions from merchants for collecting overdue bills. Some would think that this is an unfav orable omen, but to me it is distinctly favorable. Distster comes from living in a fool’s paradise, and never from correct ing an evil.. Retailers perform a most necessary function in business and they . must be treated fairly. 1927 is going to be a good year to get out of debt; or at , least to reduce one’s indebtedness. The time to prepare for war is in the days of peace, and now is the time to prepare for future opportunities. Safeguard your profits by getting out of debt now. Pro tect your business by reducing your in debtedness now. Insure your family by \ leaving them free from mortgages or j notes to pay. There is enough money in the country today for all. If we all will be content to give a fair value in mer chandise or labor for the. money we re ceive, prqsperity rfiight ’ continue indefi nitely. Financial panics, are'due toj ig noring either the Ten Commandments Or the multiplication table.” WE CAN’T DELAY. We can’t delay in our relief efforts for the storm sufferers the "West and South. Money, food and clothing are needed, and they are needed now. The President has been told that $5,000;000 is needed to care for those persons who have been de prived of their homes and livelihood. No doubt this sum will be insufficient, so great has been the ravages of the Miss issippi and its tributaries during the days since the first appeal was made. America is a Christian nation and the Christian has no greater duty than to provide for his fellow-man in need and distress. Our money is of no good to us if it cannot be expended to relieve hu man needs and suffering. 1 The Cabarrus County Red Cross Chap ter has sent $l5O to the national head quarters of the Red Cross as the starter for Cabarrus county. Individuals have already made contributions and others : should do likewise without delay. This is a matter of life and death to hundreds of persons. The Mississippi is no respcctor of per sons. It has swept aside all things in its path, bringing death to more than 100 persons and bringing poverty, illness and suffering to thousands of others. The cry for help carries over the wastes of the overflowing rivers and should touch the heart of prosperous America. In our snugness and comfort here wc should not forget the little tots who can i not care for themselves. • We should re member tthe mothers who havje given birth to babes in box-cars, sheds and oth er temporary quarters. They are of our flesh and blood; they must-Be saved. Disease has crept into the refugee camps, bringing an added horor to those who are clinging to bare necessities in their battle with the river. Proper food and sufficient medicine are needed in these camps. They can be procured on ly through the generosity of an America that refuses to recognize distance as a barrier in the time of distress. Give generously! Give immediately! SEES BRIGHTER FUTURE FOR COTTON. It is an optimistic tone sounded by The Montgomery Advertiser in the following discussion of the cotton outlook and the resultant effect on conditions in the south: “We are much more prosperous now thait we thought we would be last 1 October,” is the way the Alabama paper ■sizes it up and “we are going to be even more prosperous.” The Advertiser says: i “Cotton consumption is running well l ahead of last year. In March domestic mills consumed 694,000 bales as cornpar- I ed with last year’s high record of 63L j000 bales. For the first eight months of 1 the season the:consumpti(jn of lint cotton was 1,718,000 as compared with 1.381,000 j during the corresponding period last sea son, whilfc the total, including linters 1 amounted to <J2#,t)oo bales more than last season. Mills held 1,980,000 bales on i ; j U,' f April 1 compared with 1,771,000 a year ago. “In addition there have been exception ally heavy continuous rains for some days in Oklahoma, Texas and Arkansas— with the result that prices advanced. You see, it was not an 18,500,000-bale crop, af ter all. It was slightly less than 18,000,- 000 owing to the unusual quality of cot ton that was left to rot unpicked in the fields. “The south is very much more prosper ous at this time than it thought last Oc j tober that it would be. And it is going to become even more prosperous.” 1 * DECREASE IN FARM POPULATION Each year finds fewer and fewer peo ple on the farms of the United States. Machinery takes the place of many, but in many other instances* nothing replaces the farm people who move td the urban centers, and agriculture will suffer if the present rate of decrease in farm popula tion is maintained. The farm population of the United States decreased 649,000 persons last year, the biggest decrease in any year since 1920, according to estimates by the Bu reau of Agricultural Economics, United States Department of Agriculture. The number of persons living on farms Jan uary 1, 1927, is estimated at 27,892,000 against 28,541,000, January 1, 1926. The 1925 agricultural census figure, 28,982,- 000, was used as a base for the bureau’s calculations. It is estimated that 2,155,000 persons moved from farms to cities, towns and ; villages last year, and 1,135,000 persons moved to farms, making a net movement of 1,020,000 persons away from farms'. Births on farms during 1926 are estimated at 658,000 and deaths at 287,000, leaving a natural increase ( df 371,000 persons, \vhich the loss due to city-ward movement to 649,000. The bureau’s figures for 1925, revised on the basis of the 1925 agricultural cen sus, show a net loss of 441,000 persons in farm population that" year. The gross movement from farms to cities was 1,- 900,000. and the gross movement to farms 1,066,000 making a net movement to cit ies, not counting births and deaths,*of 834,000 persons. All geographic sections of the country show net decreases in farm population last year. The farm population in the New England States was 636,000 per sons January 1, 1927, against 651,000 January 1, 1926; Middle Atlantic Staffs 1,768,000 against 1,808,000; East North Central 4,323,000 against 4,425,00; West North Central 4,729,00 against 4,826,000; South Atlantic 5,393,000 against 5,531,- 000; East Central 4,508,000 against 4,586,- 000; West South Central 4,585,000 against 4,727,000; Mountain 949,000 against 973,000, and Pacific 1,000,000 against 1,014,000. The figures show that in the New Eng land States 72,000 persons left the farms last year and 52,000 went to farms; [Mid dle Atlantic States 155,000 persons from farms and 101,000 persons to farms; East North Central 319,000 from farms and 164,000 to farms; West North Central 338,000 from farms and 193,000 to farms; South Atlantic 354,000 from farms and 133,000 to farms; East South Central 266,- 000 from farms and 101,000 to farms; West South Central 402,000 from farms and 194,000 to farms; Mountain 130,000 from farms' and 95,000 to farms; Pacific 119,000 from farms and' 102,000 to farms. VETERANS TO GET LOANS AT A LOWER I^ATE. When Governor McLean succeeded in selling North Carolina bonds at 4 per cent, he seems to have aided everybody. One of the probable effects of the new low rate of interest for State bonds will be that such a showing will be made on the loans to veterans of the World War that the next legislature will reduce the 6 per cent, interest rate which veterans are now required to pay, in the opinion of John Hall Manning, commissioner of the fund. The veterans act was passeef in 1923, when the State was paying 4 3-4 interest on its bonds, but on Monday of this week $10,000,000 were sold at an even 4 per cent., with an option on another $10,000,- 000 taken at the same low figure. The saving in interest to the State on the $20,000,000 sold in December at 4.25 per cent, over the previous low price of 4.49 was figured at $700,000. The latest issue has shorter average maturities but the saving on the whole $20,000,000 over the 4.25 rate is estimated at $500,000. Colonel Manning thinks presentation of the facts wilL cause the legislature to pass some of this saving on to the sol diers. Those securing loans are required to pay for appraisal; and jsearch oF titje, the only expense to the State 5 beidg "in administration of the fund, which Colonel Mantling- stated yesterday would be’well under 1 per cent. Should the State get the same rate on the bonds for loans to \ etcrans that it lias just secured on its / * THE CONOOhD TIMES last highway bonds the difference paid j by the veteran would be 2 per cent, un less the rate is reduced. | No loans have yet been made # but 51 4 applications aggregating $131,000 have been completed and informal requests now total 900. « It will be a worthwhile saving to the veterans if they can get the money at 4 per cent, instead of 6 per cent. The low rate will in nb wise affect the amount of money to be loaned. The State loans the money it gets from interest and of course the interest to be paid by the borrowers will be determined by the amount of in terest the State, has to pay and receives. WHAT THEY DO IS WHAT . COUNTS. 7 ■ , t /-T- 5 -—- . Senator Carter* Glass favors holding the next Democratic national convention in Washington. He points QUt 4hat the National capital is a neutral city, has ample hotel and auditorium accommoda tions, and in many ways is desirable. The Charlotte Observer seconds the nomina tion. Other cities being discussed as convention places are St. Louis, 1 Indian apolis, Cleveland, Chicago, Denver and Louisville, and recently Atlanta was re ported to have put ill a bid. How much support Glass’s suggestion 4 will get re mains to be seen, but it is not likely to get' sufficient approval to be named. At this distance St. Louis seems to have the most support. But after all, as the Durham Herald says, it doesn’t make so much difference where the convention is held so far as campaign results are -concerned, t What the delegates do is the thing. T “It will be successful or ‘idefeited fw what it because of its meet ing place,” says The Durham corttempor arl. “The right sort of a candidate rum ning on a sound and vigorous platform can be elected no matter whether the convention is held in Washington, or Denver, Cleveland or Atlanta.” The thing to watch is the candidates. There is just as likely to be a bitter and disastrous fight in one city as the other if the candidates are ( not controlled-' 1 Governor Smith and William G. Mc- Adoo would have staged their • famous squabble in arty city in the country at the eonvention. The fact that the meet ing was in New York did not cause the trouble. Suporters of Governor Smith are not showing much enthusiasm for the propos al that the Governor and William G. Mc- Adoo both step down and out as presi dential candidates. Friends of the Gov ernor say lie has gained in popularity and strength during the past two years where as McAdoo has lost in power.* The pro posal, the Smith* forces think, may have started in a McAdoo camp, his followers being ready to admit that he can’t be nominated, and for that reason don’t want Smith to have a chance either. If left to the vote of the Democratic party we imagine such a proposal would carry overwhelmingly. We are frank to ad mit that in our opinion Governor Smith is much the stronger of the two, yet we are not convinced yet that he would make the best candidate for the Demo cratic party. We do not tliink McAdoo would have a chance of election, nor do we think he has a chance of nomination. The party no doubt would gain some confidence should both drop from the race. John L. Miller, tax supervisor and au . ditor for Cabarrus county, is getting things lined up for the revaluation of county taxes. His job is a difficult and important one and he should be support ed in his desire to get the best possible men to assist him in the revaluation work. The State government has ruled that the revaluation must be made; the county must live within its income and the pub lic must accept these conditions. That’s : the reason the revaluatibn must be made. ’ If wc can get the property on an equita ; ble basis no one will suffer. Former service men to the number of -about 600 already have made requests ; for loans from the State under the provis : ions of the Veterans Loan Act. Other applications are coming in almost daily ' and the act is proving more popular than had been predicted for it. There is a 1 curious thing about the loans too —most [ of those asking for the money are not J seeking the limit, $3,000. This means : that the money will go farther than had t been expected, officials handling the loan having been of the opinion that practical ly everybody would seek the limit. The 1 fact that the limit is not being sought in -1 dicates that the loans are being made se ' riously, by men who expect to pay the * money back without the State going to > die itrouble-tp it; through sale of | the’ land and pibperty mortgaged I Governor McLean has succeeded in t selling State bonds t bearing 1 per cent. ) interest.. He also has borrowed SIQ,- jltfOO 000 in anticipation of the sale of an- other block of bonds to that amount. The 1 ‘ New York bank which bought the bonds agreed at first ' to take only $2,500,000 worth but the Governor gqt in personal , touch with the bankers with the result | that he sold them $10,000,000 worth and borrowed a like sum until more bonds can be sold. These bonds were author-;, ized by the last Legislature for highway work. They are backed by the State and win be retired by funds-received, from automobile and gasoline taxes. j WAS THERE ANY GRAFT? Officers of the State Board of Health ' want an immediate investigation into charges of graft on the part of the em- j ployes of department. The charges j were made before the last Legislature and in all fairness to everybody it seems that the matter should not be allowed to : remain as at present. The charges have , not been aired, nobody has been allowed . to testify, and the only thing decided in regard to the matter is a report of the At . torney General that he has found nothing ;• wrong, , ■ » V D,f. W. $. Rankin, former head of the department and one of its members until . a few days ago, is one of the prominent men of the State who are demanding an investigation. If there has been graft i some of it must have been under him, he rightly challenges, and he wants the charges proved or disproved. He is enti tled to that. Persons who make charges against any public department should be made to support them publicly or admit they were mistaken. • t • . j M ; ‘ V, A$ thmgshSUnd no*W the public doesnT know .’whether there . was graft or not. Tills cannot be established, it seems to us, until a regular investigation has been made. Let witnesses be called and heard, let the records be looked into, let the usual procedure be followed. Then ’et the public know' something. This white-washing business doesn’t clear up anything, and we can readily un derstand why such a process is not satis factory to the department officials. The charges have been made publicly and ghould be supported or denied in the same way. GET IT IF WE WANT IT. Lexington Dispatch. -No responsible official of the Piedmont & North ern has told us so in specific ’words, but just the same •we have a hunch that if the Central Pied mont section between Charlotte, Winston-Salem and Greensboro wants the railroad extension'fondly enough it will get it. Undoubtedly a cheaper route so far as right of way costs are concerned could be secured. From Charlotte all the way to Dur ham, across Stanly. Randolph. Chatham and Orange, a route could be selected through cheap land, both rural and urban, compared to the land in this section. Land there is cheaper because the territory is not so intensively developed as it is [through this section. But freight tonnage comes from developed sections; and tonnage is what a railroad must have. We notice that representatives of the railroad are filling out the questionnaire of the Interstate Commerce Commission with statistics showing the development during the past few years of the section through which they nropse to extend the road. It should be no difficult guess as to the location of the territory that furnishes the statis tics. Since this territory has the desired tonnage and the bright, prospect of rapidly growing tonnage from year to year it has the biggest possible argu ment—one that, no other section of the State can quite match. On the other hand its citizens have I the power also to block the coming of the road by “getting on a high horse” aud refusing to come down to a reasonable level of cooperation. Outside of scattered individuals we do not anticipate there will 'be any serious trouble. Every railroad ever built through settled territory for any considerable distance has probably had to overcome such obstacles. WHAT CHANCE TARIFF REFORM? Asheville Times. If Mr. McAdoo could arouse as many people by his sound and vigorous statement on the tariff as he has from time to time by his speeches on Pro hibition, the result would increase tremendously the chances of the Democratic Partv for victory in 1928. Written almost entirely from the political view point and based largely upon a system of political rewards or for political advantage. Mr. McAdoo says that (lie tariff cannot be justified. He admits that, even under these conditions, the Republican tariff legislation nevertheless has some economic merit. That merit would be enhanced, he points out, by restoring the power of Tariff Commission as it was originally created under President Wilson. In future tariff legislation, Mr. McAdoo would haw the farmer given at least equal advantages with the industrialist, and more, if it is possible to be done without violence to economic principles. This is a line of attack on the Republican Old Guard -which the Western farmers and the Demo -1 cratic Party have neglected. Whether it is at . this time possible to start and drive to success a . campaign on tariff reform may be doubtful, for even Mr. McAdoo has devoted more of his time to a disussion of Prohibition than to the tariff. ANOTHER MOUNTAIN MAGNET. ; Greensboro Record. Announcement from Boone that 300.000 trout are to be deposited in the mountain streams of this State will be of great interest to trout fisher men aud will stimulate the desire to spend vaca tions in the mountains. The fish form the State’s 1 hatchery are of the speckled and of the rainbow avrieties. These trout will be ready for the angler : by r~* y lor but the sport will be at its height until later. Trout fishing is a scientific sport, and onlj the expert will find it .successful. These piscatorial variaties are in their element in the : clear, rushing mountai nstreams. We anticipate i j;that the resort haying these newly-stocked trout |in the streams in its vicinity will prove magnets i:fqr the veteran dwciplw of Isaak Walton. * An lotfcer attraction, jn addition to natural and arboreal beautr. scenic grandeaur and coolness in these n " Uit udes has been added to the resorts Western North Carolina. L, N V vo, ." ,e . r I,eurv «*n’t get around to do a good Job of jaunting on his new flivvers when lie’s being .iept so busy at the courthouse, Thursday,. T " o^ W Tw'o°°fc.!™ espress„| « % j forcemeat. 0„ e ,° a V. is a North C ar „| h >» ns opposite as the;, And J Writing in the MaTS*! 4 * Ben Lmdsay Sa 5 Has it ever ,xw.„ ; enforcement is i IIH /- r * J to. handed justice there is money Ver, or if he dot*. h * h,s The rich mere weight of whj H jn jury to his w .jh p take it from me. is [perhaps get j„ st „ .this country. So fnJ* 1 s we all cast lots to ■ ' ,sf i ' and who was to | In Ins charge to the(’„ i on Monday. Judge I 7 ie bank( ‘ r and boor'jH | the banker loans inot lev Both are violating thi better than the * and be should be H poor fellow in the Z3S* sells liquor. I, is sur-h «, that makes crime in tit such aeiimi that encourages the to engage in burglary The two statements spejT* Judge Lmdsay is speakin?** l and Judge Harding as a s,l** seems to be no reason f,7* in their views of speaking for the \Vest- r hope not. Judge Haulin' S for the East generally 7, particular. If this is , r J . S that Kipling is right Oh, East is Last ami the twain shall mm Till Earth and Sky stamfL Judgment Seat." ■ COOLIDGE STILL FAIk J, TRAL AMERICAN Raleigh Times. The speech of President (* Press Association, deroted uj Government’s policy in rejJ agua and China, was a st*,*! tudes which had the vice of; the vital question of differs of the two American countriw The Presidential assertion fig recognized the duty of ever they go with pridectiT property was compromised % the fact that our policy had k rather too lenient than too tion, he said, ought to be pati we are doing as a nation in is not in the line or with throa As to Mexico, what appears u dispute* nhw preheats the negotiation. > There is left in the air, howetc distinction between American ■ and in Nicaragua. In the one country we have a oP Americans and Americans i notes, and more futile and id never put into action. The rest ural Mexican opinion that .Ist rich field for the exploitation *«■ If there has been rom|>ensatw) one of the hundreds of ,1m mitted in Mexico, or for amd destruction of property, the pali informed. Yet the President id “negotiation!’’ In Nicaragua, so far tbejd has been no loss of life or lirsttd yet there we have been for fifes "Big Stick” in fact as Koowd theory. Mr. Ooolidge is not respoiait the situation and the policyfil who had inherited it from Mr. I But Mr. Coolidge, or sornttofr ican people some explanation a talking on these subjects withos eeriiing them is worse than .'h THE REAL CHINES John Dewey, in the New I would not give the impress* formation Avill be complete will Nationalist forces, even iftheyw of Peking. Tim full task o'. ® into a modern state is a work o. ! we are witnessing a dramatic aa in that transformation, and it'* jt is successful, will mark a* course of world history. Tn'rei history comparable with & jdwii day, even the World lHr. given our habitual provincial®, bishness, may seem Toolislm^ I doubt if most of the great M not ohsecured to their contem? •froth and clamor. We think our world, and it is hard " r any changes going on thee portance. But when the < their consequences awl are . spective, it is certain that t“- ‘ life of the oldest aud m |,Sl . Asia will stand regaled st as the transition of into a modernized ctilt’ire. •- ( bearing of the changes up of a few thousand by Great Britain, and tw™- now conspicuous, will ■■ ! in volume. It is ii»t east content pora ry event.-. ’ ‘ we shall see in the . and fury, a confused d ‘ , suit is not only inten t' , practically dangerous. ‘ upon which race and y" propaganda operate sympathy with China w , 5 i mined; further untoward draw us, on the basis w * due to misunderstands-• j pean policies which are . tions and to our intert^^j UNETHICAL Lexington Dispatch. ttf lj We have not seen that a woman juror ou million dollar damage- paper. Undoubted]} proper or else the j V would not hate s' 1 !;:•'* some strong and p‘ r of such journalism. w. Newspaper men in court matters si, ‘ . j $4, a rule that cases on j r w with jurors <>r ul ’ “ ‘ uut thut the interview ~ • 1 , of the case, but « - publicity the trial j!tß j reporter "b° dU «r who passed the • ■ Jfj. are even more I«JJJJ foe called in utaut sympathy C’-- '

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