LITTLE MESSENGERS I W; 1 —jg 1 TH E DUN i * v«i •DUK i_1 mrmmasem __lj. ibmbmbb—^. Hl’COST 0‘UVDr DUE FOR TUMBLE OBSERVERS THINK Wall Street Senses Change Pleasing To Oppressed Consumer. EUROPE CURTAILS 95 CONSUMPTION Massifacturer* Disposed T• Tun Alt Hi|k-Priced Raw Malariala late Fuiished Pradacti and Market Tkaei Aa 5ooc As Possibl* la Am< ticipatioa Of General Desliae. Nose York. Ftb. to.—The indiffer ent bank ntat*menU of a week ago left the financial community btUe in formed r.n the extent to which , the two forces driving against high costs succeeded, and the lack of this information sharpened the observ er's perceptibilities to read between the lines of any irports concerning manniaetwre and trade that might come to hand during the week. The observer In this rase was every one interested n the manufac ture and sale of goods as well as the owneis of or speculators In tha ae cnrlticu of producing corporations No one can state tha; signs of a break in pilccs did not appear without dam aging his own reputation for observa tion. Despite the painstaking efforta of middlemen and jobbers to cover up tha evidence with counteracting statements of increased demand and scarcity of goods Indications af .a hi raking down of thu upward jiricfe muvrment and a reactionary tend ency iif a great number of Unas tinkled into the financial com munity and found reflection there, early in the week, is a nervous specu lative feeling end damaging sacrifice of aecunty value. Ualasky To Basam* Lucky. - • The time has come when manufac turers, purveyors and consumers who have been defeating their own por * . poses for mnnths by keen bidding for raw materials and finished products will be. thankful that they were not mccesafoi la completing their rf lion. It showed that concerns last 'feck in the unloading of stocks, oven whan thoos factors to which avery one had amMied the weakwaes af the •ocurtty market in the previous two weeks, were improved. What Well street fears i* not that prices will decline, for It baa recon ciled Itself to that developmant by thla time, but that the reaction, being impelled by one natural force and one arbitrary force, will get beyond the control of the letter and lead to a eondition verging on panic. The natural foie# In this case it the can cellation of export contracts and the determination of Europe not only to confine ite imports to bare necea siUcs, but also to practice some ac tual self denial. The Improvement In foreign exchange during the week, wiping out four per cent, of the dis count at which the English pound was held, three per. cant of tho French discount and four per cent of the Italian, cannot br expected to ad vance the reuse of American exports proportionately. It will require much more drastic recoveries in the value of foreign bills. The damage has been done, the exchange situation having become so scute ten days ago as to demand ac tion either by our financiers or Euro pean consumer*. The latter did act, and. according to the beat banking opinion, thty will r.ut retrace their slept until they are given actual demonstrations, not mere assurances, of the purpose of America to finance its exports. No Doubt Of Decline. Eecn conceding nothing more than ‘hot which has actually come to our knowledge within tho past week or ten days, thorr can be no doubt •bout the declining price movement. It* effect upon Industry will depend upon He spend. Manufacturers will endeavor to turn thoir high priced material* into finished products sod market them as soon as possible to take advantage of the highest prices A Ik Isa I mmVtlm anrl Iknlr axaeou._its j. pend upon how soon the consuming public ■•rites the chnngcd order of thing*. In other word*, there ahould bo • determined effort to reduce in rentorieH of goode bought ot price# which may never again be realised in thi* generation. Them inventories, common to all progreaaivo corpora tion* and apparently large in propor tion to their progreaslvnneaa, were at the foundation of all (ho otock mar kat’a troubles daring the week. 'twins born in different years in different states Penn.ylv.nli* Orit. ' When the midnight Orain on New Ycaria mre waa nearing the Wahaah itver, which la the line between fi lm oi* and Indiana, the conductor ran throagh the train railing for a doc tor. One re^onded and ha waa tak en back to a day coach whore a wo man was In diatraon Jurt bofora the train ranched Urn bUr bridge aha gave birth to a baby bov. and the time waa a few miaotas hefora midnight, fast after eromfcm tha river, atae gave birth ta anithaa iMkteg it twin* This time H waa after midnight and in another Bute. One twin waa bon h> Illtnota and month- of December and hi ISIS. The other waa born In Indian, oa, hi Janaary, !#»• Thar wara hara in dt^rtat BUUa, different /•am yet they arc twisa. f 4 t o ■— I - ■ ■ ■ wm ■- ( MUST WORK TOGETHER MD SOLVE MARKET FRORlXSt The grower* of cotton kin ! long line* solved the problem of prod action, which hes boon proven by the feet that ample supplies of row cotton have bona harvested each year to meet the requirement* of . the active spindles of the world consum ing American eat tan. Tha grow ers of American cotton have done thoir fall duty in (apply, lag tho demands of civilisation with the silken fiber for ciotb Ing. This ha* bon dona under condition] of privation, poverty end Illiteracy as ths portion of ■ the Southern cotton growers in the groat raw cotton industry. Tho conditions fully staph salts tbo fact that during ths past half esntury tbs growers have failed utterly to give proper at tention to tho marketing of spot cotton. It is of more vital Im portance to solve the problem of profltable marketing than K is to win out in tha Sold of am ple production.—Cotton Pacta *-- -- PRESIDENT MAY BE CANDIDATE THIRD TIME, RUMOR SAYS Belief Aa To WUliagmoas Will Not B« Permitted To Go Down In Washing tom. MANY LIGHTNING RODS ARE ALOFT ■UpsUlssss Evidence Gaaheoradaasa Since Administrations Failure To n s *■ 1°*?! JTr**iy TIVfy On Cemlng ** th* Republican aomlneilo ernl Wood and a number of Gov ernor* of State* havs their llghtaiag rode aloft. Among the Bepwbliaas* there appear* to be a 11 -‘-tit i tnm bom apparently of the rout of th* Democrats with reference to the treaty, and the disorganisation among Democratic leader* aa ahowa in th* refuaal of the party saaeus of Congrarniaen to endorse tha President's proposal for universal military training. That the Damo rrat* are eomawhat discouraged 1* evidenced by Ui* fact that no pep la being pat behind suggestion* to nominate any leader In the party. Praalda.1 sad Mr. Bryan. In Washington th* belief does net down that President Wilson is willing to ran again, la fact hi* position with regard to the treaty Is takes a* an indication that be believe* h* caa go before th* people aezt fall and win oat on that leant. But again, there la Mr. Bryan—long (Inca “the Boy Orator of th* Platts,” end to day th* grand old man of his party. Mr. Brysn tried for s long Urn* after leaving th* Cabinet to -Trail* on cloee term* with th* President, but when the coldness towards Ms pro posal* beesm* notably marked be ft nelly turned to hi* own way, and gradually he and Mr. Wilson drifted apart. No on* knows of in "break” between the two. It would be bet ter to say that th* foaling ha* be come on* of indifference. Tbqre are seme Democrat* who be lieve that Mr. Bryaa would like tke Democratic nomination far kim *elf, bat mort people ay* inclined to the opinion that he Is saahiag t* dominate the next convention, prin cipally to clinch th* position of Ike Democrat* a* tha party *f prekibt w'1* ki* mr. mrjmm i mar be exported to follow Ue pad eoune of mlectiag hie own coadl deto for Proddrnt, joat aa ha did at tho Baltimore convention. Tha Ne b,r“**n baa the half# la hie hoot for the Chatman of tha Democratic No. tinna) Committee and the Governor of New Jereey. loaetfol Mr. C.apwe. The podtion of organised labor la * big factor to he reckoned with In tho coming campaign, and Mr. Gomp.ri atanda at the head of an “executive committee" of thru to paae upon the quel MVea tie aa of all •and(date# for ogee from Prog, dent down to mem here of tho legiela tuw* In till Statu. Tbitc uvm moo dUm that thw hav, the aa tborHr of enough anion man In tha oouatrr to elect or defeat may eea ?W**fr*Sld ^ P^WIeed aad aa eaaaoa In “darning and bRSdng” frlanda and ennmlee. Ha wffl .t tempt to mr who the present time is the bufld lj*g of railroads like the building of there has been no State - wide policy, with the consoqaence that the casternpert of the State at laa*. Is fall of little jerkwater roads that start nowhere aad go no whom As In the building of high waya It is high time that definite pofley with a view to the future Ss%ld d!e *do*>tc»* clam railroad straight as the crow from Raleigh via Clinton to Wil mington. Bach n road could go through either Dunn or Benson without getting three mile* off its oouree, and with three or four ad ditional miles variation could take in both of those good towns. It would be a road which would connect two if the StaU's finest towns-^Raleigh and Wilmington—beaidas opening op the finest fanning territory in the ■it?*#, every acre of Which nevds a COOD railroad and 1s able to pay for it. This road at Raleigh would connect directly with the Southern, Seaboard and Norfolk Southern and at Wilmington with water shipping. It would net interfere la the leant wtth the Tilghman development and would net take a dollar out of the poobrt* of any other concern or rail road ehcept to divide the gold mine enjoyed for thirty-three years by Harry Walters, of Nsw Jeney, or eouaewfegre, from the two hundred thousand dollars or more a year aet income from the little so-called railroad running from Clinton to Wuwaw. The rood could be built without having to erect a single coot ty bridge except the ono croealng the Northeast River between Pender and Now Hanover. This rosd would °pv» n section of many mile* j„ Wak* and Johnson counties between Raleigh and Bensoa badly needing railroad development. It would ,,k* twvmty_flve *** fa moos Long Creek Jctimi VJL-.V c,OUBt» ,Bd tor more than J»*ty miles it would traverse through H*r»DSOfl PBDnfv AM Af tVm 4— ***■• Wt for roll rood d^rolopmoaC *ompmon C*• Do It road and operate tt at a Ml Than !* •"> o»# thing noodod and that la wc loadanhlp of oaa man In tho “•* of Clinton In whom the poopte ba»* confidence and tho Wiring of £* rate of tha faDca To come who do not know Sompaon thay may Ujlak this la rather a wild aUtetnenf Jh# aaawar la that the amt fore at **•* ■*'“*< »«r|r lwen»y-nin* thoo «nd balaa «f cotton in Sampm late 5“r wfot> kor Mar county of Bal d«%wHk more load nod much of 5 ***•£ mUu •"**• " litu* over *Ueej» thouaand balaa, and when aaothor adjoining eonntr. Duplin, 72? TJX raally good l«*d, mad# Urn tkan thirtaaa thrammd bales, can holld a railroad or anything alae» they JteOlir want to do. And tame Udn* that makea them apand more for aaboola par capita, thaa any ms ssussi "Tboy have coeaa banka accord ing to tho latent count, I believe, and tha Decani bar ctatamant of the two {**•< thoaa oi Citato*. ahowad near frjy dollara an dapocit koTI worm will get the idaa that the bolt worm will knock them *te a boot roar after scat, bat Jud dt Whan/ wateb tho boll weevil gd tha aarpriaa of bit life. The woew *yyi^fd probably Win. deprive them y.jf* In rottoa prodwctiac tka^Stata. bart (hay wV\ make •or* thingi tbaf will , mil for mote keep up the mrtfrtSwt Ao fi wertk. only onc foorth of_wfwe» di« really li worth. HA yi wjefllVU becom ing too apparent, teo big to hide even from a three-dollar-e-day lift Laker. In ton ifeere bar tobacco acreage hat doubled1 .and the value of *Her tobacco crop haa Increased from tl 40.000,000 to f 100,000,000. In manufacturing tobacco her output U twice that of New York, her near eat competitor. Hey revenue tax to the Federal Government on tobacco product* It *67,000,000 a year. There are 100,000 aoMnobUee in the State, more than 9200,000,000 io war eaeuritiaa bald by her dtltena. and $100,000,000 in bank account* saving# The value of ber crop* in 1919 wee $083,009,000. And ao on. It It now propoaod to ipeod $60,000, 000 on good road*. “We arc no longer a poor peo ple," aaye Frofeaner I. C. Bran eon of the Univeraity of North Carolina in the Univeraity Newt Latter,” we are rich enough to de anything we really want to do In North Carolina, rich vnough to Invaet in echoolt, in chore he«, public health and public highway# Wa new can act in terms of mllliona Instead of haggling over thouaande aa in Ac past." ffl A tlh- A AAAAh a HAHAA8 PAW AttUUAUUN ISSUES NEW STOCK *30,000 To 9m Offnrwd To tko • SnuD laewoUrt la tko Cospoica Noxt Wook. Additional Made to tbo amount of 120,000 win be offered Harnett and teaspoon County buyer* by tbo Har nett County Agricultural Pair As ooeiatlon next week, K »u an nounced yesterday by EUi* Gold stein, VMnean manager ef toe too A^ono-umek rales campaign, under tko management of Eocene T. Lee, will be eoedocttdby tbc aoooelotlon In an effort two counties wttl be pr raped bite nor “KtS'Jtcaifirssi -fbmW T. L CUdM. of tfc. Chamber of Commerce. Both are confident that the I me will b* aotd with little effort since K ha* bees proren that tbo atook I* a profitable InToatmnnt adds Crum It* relate-no • community builder. The proooot capitalisation of tbi association It |tlf,ooo A dtrldoni of • per coat on thU ran was do elated at th* annual meeting ol rtockboldor* In January, Additions prod to amooiting to about • pel feont .were hold lu tko treasury b moot contiocopcio. until tbo fair b to*UmmttS^f^E'alSr * '"r| 1 "**£"** ! «bla«!to tmuV tofcrei tblt^h :^a?iei=Js3 If- -ft REPUBLICANS ORDER SIXTY - ONE "INVESTIGATIONS" COS*JlNG $2*00^000 Taxpayer*' Money Voted to Furnish Campaign Material for G. O. P. and to Provide Big Fees for Friendly Legal “Experts." t . Washington, D. C._The Republi i can Conyrew has erdtrad sUty-one 1 “Inoostigellan*” at a coat of more ’ 'H»n ‘H.onn.ooo, The Money ex I pended wee need lent*]/ In efforts to I yet poKtfeal credit. While rofnrWy money for the light against the high , eoM of living the Republican* wasted it on theee uaalem inquiries. "It i» very evident," Mid Senator Hitchcock. Democratic leader ef the Senate, “that the intec turn of the Republican* I* to convert ai many at possible of the sixty-one investiga tion! that Have already boon ordered into pert twin proceeding*. “It U proposed to yo on with thi« oryy of Investigation* and oaUhlirh »» many - tribunal! aa poasiUs, and employ aa many lawyer* as possible, to wort oat aa many caaaa aa possi ble I *m In favor of haring the OWMWggW who deeir* thasa lnvoa tiyatioa* snmy them on. I appose the practice sf having Republican politi cian! and Ri publican party loodsrv called In on the pay of the Renata or Honao to condact thaao ease*." Th* inventiyatiny nsnnnfttoaa an paying expert* at tho rata of $20.POO » ymr. The prat of Benddw^h Soddder of Now York ha* tenTw yand at $100 .a day. . - Explaininr the employment of 8r*dyer d Rcmddar, William Tyler Rag*, dark of the House, said: "Whan oaa of tho firm i* amyjnyid ha wUI apt |SD a day, ‘md wfceo both ar* •«pH>yed they wfi each got $$P a rfav, nnd than their assistant* gat emcunU ranging from $10 to a rat* lea* than $50 a day." - I. The Democrat* Hava favored all In Ttiriae whar* aoahlclo* afi Sarong do :og existed bad «»y. bora court*odad that the BapabStaaa had no right to waste th* taxpayers' money la yaw* •< a.llttlo political capital, Recently proohM Maamm .- ad fray* worker* came to WflMagtm. from weitaen state! to-afloa' aotfcel on their Repobnean friends Chat the nomination of a* Old' Guard leader for Presidency woeMiaae thaa ■ of party worker* dominated by Ban i a*ar Boisei Fnna wlB control the aort BcpebUean naboaal convention, aad name the mao the booses can “ *M thlo very thteTSS tK •offrajnrtj fear. eridesce that tha etandpai Re poUlcaa* ere gala* to rids rougb *ad over any other sort of ttepub ■04 hoisted the danger eternal. *hoaa whs hava anaaeSiS 2S* SSkS" “* l°Piy< .« rtaod pat Republican are suffragist* whs »£****• White Heumjcriticlsed the President, and deciarvd they would vote with the Republicans Members, of Co ureas frfaa pro tr*oot*e etetes are alarmed over the drift that wrecked their party tea ya*»a ago, but they are afraid te ■aka an outcry lari they stir * trouble far themselves. The women , ■■ ort efreid te teste their views. The RepoMcao party to bard Prt—ed for campaign material. || will try te divert the aUeatioa of Wte | people from Ju sorry legislative rocs It to the same old etery; hleimi to ‘ t&S&lZIL ! trol of the Washington gJv-TT.moat. Including both .teeRWt* House aad 1 tbeC^teL The people drew the booby prise to that arm of KemMb 1 cu rmm. Th« Democrat* same la and mads ! a wonderful showing aa the testate kook*. They passed the Federal Re serve act aad other ret “ live measures. The i I GODWIN MAY HAVE CLEAR J) ONCE V a rear and Lyon May Not Oppose Local Man for CqpgraM. Tbo resignation of Judge W. P. Stacy from the Superior Court bench and the Indication from the Wilmington dispatches that ha would not be a candidate for Coograao nays Red Howell in the News and Ob server, is accepted ia Washington aa » certainty that L R. Vpiwr, af Lumbrrtan, will not b« a candidate ngiiMt Congressmen Godwin for the nomination. If Mr. Varser does not eater the lace, It has been intimated on a number of occasions that Uoan Lyon, of Whltevillo, would with draw and learn only negligible OP nosKicm to the prc.aut incumbent in the field. The determination of Judge Stacy not te seek the nomination at this time, but to retain te private prac tice instead, does net altogether eliminate kia Congressional aspira tions, according to those who know him Judge Stacy may decide te beeem* a candidate for the . Congraoeinnal nomination the next time, sad whenever he announces himself It Is practically certain that Mr. Vaiaar will announce himself. . A report ia Washington, following the announcement af Judge Stacy's resignation from the bench, that Solicitor Lyon would route* goes without confirmation, although it has gained considerable currency at the Capitol. It U said bars that the friends of Mr. Lyon arc urging him te withdraw now and leave the field te Mr. Godwin for the next primary end make the race against the Dunn statesman two years from aaw. m -iji-m_t__ — J _ _ ■tnasiTo BeVUCWvOV*, Waahingtan. "BTcT-Of the Iltr 25« men in Urn eompa and poat* af the Army an Detimber St, ISIS, I nearly *8.000 *n« taking iaiime . tion in educational mhjwt- More than 10,000 af tha total anliotod . Mrenyth of 1*^*4 fa tha Philip , pinai win atodying tpacial rak ! >*». _ ' Harm Caat U. t. SISI ImL I Wathingtaa,' D. C.—la tha soar* - of tha World Wor, and until Fabro f ary 1. 1SS0. tha Gorarnmaat pur I cbaaed o total of SM,SiS horaaw am r male* at on approximate com of SIS! • 0 head. a ■ i . . U. S. Sawtag Army Praparty. ■ ‘ Waahiagton, D. C. ppaetal train hMng I* balnc giwan U rfrrna mthmf it anita which hart bare eryanixad « • rre lata waate material*, dam ago h tyuipmaat and anaorwfcaabU pro* i- efty at the rartoua dMaianal eaakp of tha army. ^ • ALFRED If LEAN TO ■ REMAIN IN SERVICE - I Captain Boyd Start* Hi* R*. Ori«*ii«tion Plan* la 1 . North Carolina. j — ( Starting bis work of ir-organirinf < th* income tax fore* hi Nor* ' Carolina, Captain Prank L. Boyd I yaeterday conferred with fifteen tag men new in th* department, ex- I plained come of M* plana and —: a good beginnhig by inducing one In- 1 com* expert to recon aider Mi rerig- ! notion tent In a few day) ago. The 1 conference, in the word* of eereral 4 tax men, we* highly aucreaafa) and , will mean much for the Internal ‘ Revenue Department in the State. The income tax man who ia to re main with the department la Alfred McLean, of LiMogton. After a : number of yean of Nrrkt, be had ' reeaatly aent in hia reeignatlon to 1 enter private beaiaeia aa advleer in income tax matter*. Captain Boyd, “Pfn hU arrival In Raleigh, confer- 1 red with Mr. McLean ia regard to continuing with th* department. Mr. McLean will retain hia regular port Hen a* income tax inapector, with ! Euhm North Corollaa oa hi* tor Captain Boyd eoaridcra th* rotah Hon of Mr. McLean n* one of the heet move* toward the rw-organfxa Uon of the In com* tax force in the State The LOUngton maa ha* had nmual exportoaea with ieaoma mad other tax** tine* hi* connection with use nwvnst * MMI RM •twwjt km regardS/ii u pointed eat, ee one of the atroogeat men of the North Carolina force under Cnmmlmiaivor Roper. While Captain Boyd it getting hie plana into action, reranu* agents, la aweetors aad dlatrlet agonta now ideaURed with the department will •tart out this amok on their tours of the State to Instruct tax payers how to make oat ratoms properly. TMo WOA will keep Income toTmlJa’borr until after March I. By that time Captain Boyd expects to hare the entire force wolf okgmniaed for n strenuous campaign. CHARLES E. HUGHES NOT ^ RUNNING FOR FRESIDKNT Omaha. Nek., Fab. IT—Charles E Hughes has written a letter to Connty Clark Frank Dowry asking > Mm not to proceed with pleas to • present Mr. Hughes' name fat the : £"U Jr**"’7 *• * •—*j*te tor the I BcpaMteaa aomtaatton for the ytui ^PeerdiaB* appreciate pour per. aoual .to tor sat and friendly sent! moot Tau rxprcoa" Mr. H^haa'M J* muda. *”l am utterly un will I nr. boworur. to undertake p asoeod eau wMny,