•Si The Concord Daily Tribune i’§f VOLUME XXIII WORLD Dili REED 20 MILLION BILES COTTON 11 1823 '2l Today We Have Scarcely Enough to Last the Mills Till Another Crop Conies in, Says Mr. Owsley. ADDRESS BEFORE STATE BANKERS Recommends a Balanced, Self-Sustaining I Agricul ture and Increase of Man ufacturing Industries. ■ i i. * L Pinehurst, X. Ma.v 4. (By thp As sociated Press). —A lie Inured, self sustaining agriculture, intelligent mar keting oiid a (•ontinuod Increase of manufacturing industries were recom mended for the South today liy Clar ence Ousley, Fort Worth, Texas, for merly assistant secretary of agricul tuie, in an address before the North Carolina Bnukers Association, after declaring' a distinct-improvement in iiusiness conditions Ims tieen - noted throughout the country. Calling attention to two years ago, when a lnrge part of the agricultural, commercial and financial lalslnesw of the South was confronted with bank ruptcy through liquidation of debts. Mr. Ousley said that today indebted ness for the most part has lieen reduc ed to the proportions of prudent, ac commodation to operating concerns and money is easy for every legiti mate and promising undertaking. "Then,” he continued, “cotton, our principal product, could he sold only sparingly at less than pre-wnr prices and at about half the cost of produc tion. Today, it sells freely at more titan twice pre-war prices and well above the cost of production. Today, we linve searbely enough to last the mills until another crop comes in. ‘‘On the surface of the situation the obvious fact of a supply well within demand appears to lie the ohly cause of the remarkable transformation from near bankruptcy to comparative pros lierlty. ‘lt is, indeed, the most poten tial factor, though not the only factor, but it is itself in its true analysis more effect than cause. “To adjust the supply of nny com modity to demand is instnhtly to es tablish economic value and to com mand the liest price that buyers are üble to pay. So when we say that cqjton has recovered bemuse supply is within demand we mean that the trade equilibrium is restored, which is merely another way of saying the same thing. The cause of the effect remains to lie stated. “It is scarcely worth while now to discuss cotton acreage for 192:1. fin; crops are pitched, if not planted. But it will not be amiss to state a few outstanding facts which way affect values and credits. "At the present rate of consumption, the world will need about twenty mil lion bnles of cotton in 1923-24. As the production of 1922-23 was only about seventeen million bales, the unthink ing jump at the conclusion that the near famine which is now apparent warrants all the acreage that can lie put under the plow. Tl»ey overlook two important, factors. west side of White Street between Grove and Depot streets,, this work being authorized by the lionrd. Several property owners on West! Depot Street agreed to give the city j ten feet of land to be used ns an ad-1 dltion to the street if the city would j have it paved. The agreement was made and this street will be widened \ ten feet between Spring Street and the building occupied by the A. & I*. Ten j Company. The city plans to start the work of widening this street in the near future. W. M. Linker offered the city six feet of land on Church Street, begin ning at Depot Street and running back 210 feet, If the city would accent and I pave it. The city 'agreed to do this, j and thus part of Church Street will Ije six feet wider when -the wqrk is com pleted. Mr. Linker indicated that he 1 will In the near future erect a modern business structure on his property, 1 formerly the CapP. William Propst property. Mr. Linker was also granted per mission to use Church Street for the moving of the Propst house from its | , present location to a lot on Church j ; Street near the new apartment house | ' lieing erected by Mr. Tom Honeycutt.; ’ The house probably will be moved within the next ,<*tv York. May 4.—There was some further scattered seltinc at tlie open ing of the cotton mark k tint offerings were much lighter niter the big break of y. s'erday -id there w< * buying on a hi'Let that it had been oversold. Col oring for ov.*u •be week-epd was also promoted b.- r.'q,arts o? .tore rain in lhe Sontlan.vJ after opening steady ar a ilce lie ff j t- i.'Ms to aq ntivamsi of 0 points, active months soon showed net advances of JO to 22 points. Cotton futures opened steady: May 27.05: July, 25.00: October 23.85: De cember 23.35’; January 23.10. v Henpecked Club, I'teiniiug Adam as Founder, Has Annual Onting. ißy the Aa«oclate«l Press. > (Yorkshire, May 4.—The members of the famous Yorkshire organization known as tlie "Henpecked Club” had their “once a year outing" recently. To an isolated hamlet, miles to rhe west of Halifax, the’ president or ihe club invited his “fellow bondsmen of | the scrubbing brush and, pail” to, gather, and as every member was | loyal to his pledge of secrecy, tne “henpecked” were not disturbed t>y the “henpeckers.” Tlie club is counted as .the oldest in existence, Adam being claimed ns the first member. Every year new mem bers are enrolled, but applicants have to pass a severe test providing ab solute proof that on every day in the year except the day of their outing they are “slaves of the apron strings and domestic drudgery.” Now Open Season for Shooting Men, Asserts New York Magistrate. New York, May 2. —Chief City Mag istrate McAdoo foresees tlie day when the American bride will go to tlie altar ‘'with the family gUn strapped to her waist,” if the craze for carry ing firearms grows. In an address - liofore the Interna tional Police Conference, in which he urged n more rigorous control of tiro arms. he said: “The revolver is\the badge of an American and- we are known as a gun carrying, shooting nation. Tlie ladies of American have taken to til? gun in earnest.” ■ After making his prediction about future Indies, he added that if she is jilted, “off goes the gun.’.’ “It. is the open season for shooting men, a good looking woman on the stand, chivalrous jurors, a talc of love. As a result we are getting into 1 an unenviable situation.” Women to Consider Campaign Against Sale of Narcotics. (Hr the Associated Press. Atlanta, May 4. —The General Fed ' oration of Women's Clubs, when it convenes in this city May 7-11. will ' take up. among other things, tlie question of n campaign against the 1 sale of narcotics throughout this ■ country. It is declared by an official of the federation that the women will join hands with the Anti-Narcotic League I in launching a national campaign, against the drug evil. An endeavor; will be made to secure the-co-operation | of every member of the federation in | the work which the “Committee to; Publish Facts" already has in hand. 400.000 Used Cars In Stork. St. I.mils. May 4.—Automobile deal ers in the Tjpifed States had 400.000 used cars in stock March 15, with a I capital investment of $152,200.340. ac- j cording to figures announced nt head- j quarters here of the National Auto-' mobile Dealers’ Association. The es-! timated losses the dealers will absorb |on this stock and investment total $23,591,982 for the first three months of 1923, it was added. STUDYING ANSWER TO , I COURT LIQUOR RULE] Administration is Givi Tinr&ry Much Consideration ’ w Reply Will Be Made! (By the AskoeluteU press.) Washington. May 4.—The adminis jtration.is moving with extreme care lin its preparation to apply tlie Ku , preme Court lSqnor edict against for | eign vessels in American waters and i the regulations now in the making I will not be announced until every pos sible angle of the situation lias been examined. Revenue Commissioner Blaif, whose bureau has supervision over prohibi tion enforcement, conferred with Pros- I ident Harding before today's cabinet i meeting at which it was understood the Supreme Court opinion was talk ed over for a second time’by the Chief Executive with his official family. Stories published in Paris that Pre mier Poincare already had ordered a protest lodged with (he American gov ernment. whre without confirmation in any quarter here, although it was said :it the French embassy that such ac tion would not lie unexpected. It is regarded as likeiy in diplomatic cir cles that Italy‘and perhaps other “for eign powers will take similar action. KIDNAPPED YOUTH~IS BACK WITH HIS PARENTS Verner Alexanderson Was Located in Shack After Search Continuing For 72 Hours. (By Hit- Associated Press.) Watertown, X. Y., May 4.—Verner Alexanderson, kidnapped Schenectady lad, for whom a nationwide search was conducted for 72 hours and who was found Thursday evening in a shack on the Indian River near Theresa. 25 miles from here, started for home to day after a joyful reunion with his father and mother at the home of Sheriff Ernest G. Gillett. With him goes a dog, a present from his kidnappers, the lad insisting that unless liis new pet accompanied him lie did not want to go. Harry Fairbanks, of Ogden burg, and Stanley Crandall, of Rochester and Waterton. the alleged kidnappers, have escaped into'Canada, it is believed. Mrs. 11. D. Grennell. of Alexander, Bay, in whose charge the boy was found, and who is said to he the fos ter mother of Fairbanks’ wife, is at the county jail here. HONEYCUTT WILL NOT ENTER RUN-OFF RAUF, Issues Signed Statement Pointing Out His Attitude and Position. (By *hr Aanuelatcd Pma.i Charlotte, May 4.—James A. Honey cutt, commissioner of public safety, today issued a signed statement un rNotHictiMf-his withdrawn) from the run’-ott primary with X. W. Wallace, former sheriff, who with Mr. Honey cutt led the field in the race for the nomination for public safety commis sioners. In liis statement Mr. Hiineycutt said a majority hud not expressed it j self as to its choice for tlie place, and | I added "but the majority of the board | have already lieen elected, and 1 as- j snre the citizenship that I could not, and would not, serve with what has al ready been established as the majority ] opinion at the City Hall for the next, two years.” - ! FRANCIS OUIMET WINS British golf trophy In Play-Off He Defeated Dr. 0. P. ! ; Willing by One Stroke. Sandwich, England. May 4 (By the Associated Press). —Francis Ouimet, of Boston, won the Royal St. George championship grand challenge golf trophy today by one stroke, by defeat ing I)r. 1). P. Willing, of Portland. Oregon, in the play-off of yesterday’s ti.e Ouimet took 77 strokes for 18 holes, while Dr. Willing took 78. j Radio Call for Blood. London. May 2.—Broadcasting, : which has become almost a mania here, lias been applied to novel pur- 1 , i poses in the last few days. At mid night on Monday the Manchester sta j tion sent fortli an appeal for volun | teers for , a blood transfusion to save ! the life of a man dying in a hospital after the amnputation of an arm. j Within an hour four men arrived ! at the institution to offer their blood, but the patient had died in the inter val. A few evenings ago a woman resid ing in a country town which has no ' telephone or telegraph service at night was brought to the bedside of her son who was dying in London. The woman's neighbors had heard the . wireless call for her. “Got Another Think Coming,” Greensboro News. 1 The Washington negroes may secure the removal of Colonel Sherrill from his position in Washington, lint if they think they can bulldoze Cnpt. Miles Sherrill's sou. well, they might ns well begin to think again. Club Women Begin Work At An Early Hour and Plan Busy Day (Bt the Anwlnel PreiMu» | Winston-Salem, May 4.—That the , women of North Carolina are willing ; to keep ns early hours as anybody to j meet the demands of the day, let it be I business, domestic affairs or pleasure. ; and that they are willing to .spend as much time as is necessary to deal with , the problems of civic and social welfare is being demonstrated here this week In the conduct of the twen ty-first annual session of Norib ,Caro -1 lina Federation of Women’s clubs, j This morning at 8 o'clock the de | part mental club presidents gathered |nt breakfast and as it is their cus ! tom In the home, discussed any mat ters that were anticipated flrtr Jfche .day before the "family Is scattered,” to meet the problems which may arise. This gathering was presided over by NO. 105. '•‘“i citizens of ME TO COHN ILL Ul HIM I Angus W. McLean Says Sym pathy for Lawlessness Cer tain to Undermine Founda tion of Governmet. MAKES ADDRESS AT CLOSING OF SCHOOL Says Schools Can Be Made “Vital Force” in Bringing About Great Respect for Law From All Classes. (By the Associated Press. f'-ullowhee. X. May 4— r “Acts of lawlessness, whether committed by in dividuals who pose as private vindica tors of the law, or by duly constituted .officers acting unlawfully, create con tempt for all law and will finally un dermine the very foundations of our government unless the law-abiding peo ple of the state stand firm ngainst sneh occurrences,” Angus W. McLean, formerly a memlter of the War Finance Corporation and now a prospective candidate for Governor of North Caro lina, declared here today. Mr. McLean's address was delivered at the commencement of the Onllow liee Normal & Industrial School, hav ing ns his subject “The Character of Education Necessary in a Democracy.” He condemned what he termed "out rageous exhibitions of lawlessness in North Carolina,” mentioning specifi cally the alleged whipping of two wo men in his home county of Robeson, nnd the firing into an automobile by prohibition agents near Asheville re cently. * “If people inclined to commit such crimes know that their punishment Is certain and that it would be adminis tered by fair, honest nnd unswayed tribunals then the spirit of lawless ness would die out, and from its ashes would grow up such a love of law nnd order as would make ours an ideal democracy.” he asserted. The schools can !>e made “a vital force in bringing about this milch de sired result," be continued, adding that ’lytiln these institutions there should “Jailinte such an influence for law and law enforcement in every com munity, that no individual or group of individuals will dare override the law nor will there be undue laxity in its enforcement by the dtily constituted authorities.” HARVEY OPTIMISTIC European Chaos is Nearing End, Says j Harvey, Preparing to Sail. i London, May 2. —While the German ; reparation offer was being received j piecemeal in London this afternoon, I American Ambassador Harvey, at his i last conference with the American : newspaper correspondents before he | sails for home tomorrow, declared he ; saw a ray of light in the post-war ' darkness, auguring brighter hopes for a' general European settlement, than nt any time during his two years at the London Embassy. He believed the solution of all the problems would come if Secretary Hughes’ recommendation for an inter national commission to fix Germany’s , indebtedness were followed out. and | he was confident that Germany would | accept, blindfolded nnd in advance, ! any reparations sum recommended by the United States. I The ambassador said lie had receiv ed no intimation of any change in the French attitude, but believed he voiced the concensus of American and Brit ish opinion In characterizing the pres ent moment ns most hopeful for the .inauguration of negotiations , that ! would end the present chnotie condi tions. Harvey had not seen the extracts of the German proposals received in Lon don. and said lie had no definite facts to cite In backing up his opinion, but he believed it was justified from the general situation on the continent, as lie surveyed it previous to his home going.” Three Dancers Still on Floor.