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0 / 75
No 74 '
NEW BERN, CRAVEN COUNTY. N. C; TUESDAY DECEMBER, 19. 1911-FIRST SECTION
I I 1 I I 1 t ; V .X
1 II- JT I til 111 - i
I . . I.P
KES HAVE RAIL- GOOD
: la Ownership of 0. and S. Thus
i ' . Forcing Big Freight
- Benefits. J .
. ' ;. " : ' -. i . ' v .. .,
Washington, Dee. 14M)n the ground
. that the Durham nd Southern railroad
owned by B. N. and J. . B. Duke of the
4 American Tobacco ,.Compn, receives
for a 20-mile haulj 40 pa cent ;of the
, Seaboard Air Line's division on through
. freight business, the latter railroad will
be eited before the interstate commerce
commission to show cause why its rates
.into and out of Durham. N. C., should
not be reduced. The" Norfolk & West
ern railroad will a'so be cited to show
cause: why its rates on coat into Durham
should be lowered. 'The. Norfolk &
Weatern, it is charged, allows 62 cents
a ton to the Durham. & South Carolina
railroad, a lumber road, for a haul of
one mile, while it receives only 77 cents
ton for a haul of 116 miles' f ,
The Interstate commerce commission,
through Commissioner ! Lane, charges
that the Seaboard Air tine "bought"
the freight business of the American
Tobacco Company by allowing its traf-
fle to be taken away from it- at one
point by a road underv a management
allied with ths tobacco c sneer d. , "f '
Commissioner" Lane saysi V
"If there is one dollar over and above
the actual cost of transportation in the
40 per cent division which the Durham
& Southern gets, it goes into the pock-
s of the 1 ukes. It is not a rebate
given to the American Tobacco Com-
. pany, but confess' dly is an advantage
growing . out of (he re'ation between
the Dukes ard the tobacco intercuts,
for, if the Dukea did r.ot have the
freight to route, the liaftice manager of
. the Seaboard says that no surh arrange
ment would have been made." - '
PAPER BOXES. . 1
One Industry Alone Usee 4,000 Differ-
. , ent Site and 8hapee.
' A thousand machines of many types
and sizes and designed for ninny pur
poses are used today, la the manufac
ture4of paper boaes. This assortment
of machines Is absolutely necessary,
for the number of styles of cardboard
boxes used for packing all sorts, of
articles Is without limit . '
According to the Edison Monthly, one
Industry alune, the making of pens,
pencils and erasers, requires boxes of
4,000 different sizes and shapes.
. Paper box making, one of the new
but important Industries of this coun
try, has made its greatest progress
during th last half century and par
Ocularly within the last twenty years,
after modern machinery bad been In
troduced. The business bos assumed
wonderful proportions In New York
city, where the capital Invested ex
cetdB $5,000,000. , '
One hundred years ago there was no
such thing as a paper box. The con
tainer of those days' consisted of noth
ing more than a heavy sheet Of paper
wrapped around the article to De car
rled. In time some progressive person
conceived the Idea of cutting part way
tb'-ough the paper In order to make it
fold more readily.' With this four sid
ed wrapper It became the custom, to
tuck the loose ends in to prevent the
contents, slipping onf.
From this was evolved the Idea of
coring the paper so both the side
and ends fold! up and then gluing the
ends together. That v-ns the way the
firxt puper boxes were iimde, and It
Iwaa years before any marked Improve
ment was made. In those days a knife,
a pair of shears, a kettle of paste and
a stralulitedge. with a nupply of box
board -were sutllt'ient equipment to
tart a man In business.
Morn t lhf curious little girl's dls-
rust ber elder sWer and her girl
friend had iiekly clotted the door of
the back parlor before sue,, .could
wedue her small self In among them.
She waited uneasily for a little whiles
' then she knocked. No response. '-8b
knocked ncnln. Still no attention. Ber
'curiosity could be controlled no longer
"DodoP' she called In staccato tones
as she knocked once again. '"Tain t
me! It's mauimnP'-l.lpplncott'a,
Pilot and Engineer. V .
' Care, the utmost rare. Is taken on the
ITudson tiver and Long Island sound
. night boats with their brilliant display
of searchlights never to let a ray be
thrown upon a locomotive engineer at
his lever or the pilot of another craft
at hU post On rail and wuter engl
seer and pilot niuxt be kept In durk
ness, as one flnsb of a brllllaut eleo
trie senrrhlliiht would blind tbeui teiu
porarlly nnd tliey might go unheedinglj
by a danger signal. New York rrese.
' London's" Muffin -Man.
The nuilUn nuin had no monopoly o'
the stret bell when William IV. w
Ling, ns Julin Asliton record! In t
niK.t. h of tlmt time. The'dutnmn s!
runs a hell ami yelled, nnd the poxt
uinn's hell svm n, mosi pipnhir InKltu
tin n. There were uu 1 Mli! r boxes It.
iImjk. mill I he sound of the bel.
In.iu-lit people who ll'.'.'l f.'ir from
ire to their or-, to give id
on itiolr Idler to irt. In 'Thl;
' li'.'Mr. we Imve evldi'il' e t'lil
P .Ml I
v 1. k
lion tin- i:iii!iiit iiimii w.is Mil.'
,n....i.ii li .' n.1 I..-II rliirern. For lif-
f... .v II - l.-r of ! !;i!)-.l!l pi' I- '..HI'l
Atlantio Coast . Line Good Boads
- Experts Here. Gave Lecture
"! At Athens Theatre. :
Yesterday morning at 9:80 o'clock at
the Athena Theatre Mr. L. E. Boykin.
one of . the good roads experts who is
travelling with the Atlantic Coast Lin
good roads train, entertained a number
of representative citizens of New Bern
by a lecture on good roads. v i SA ; ? :
Immediately after the lecture, a nam
ber of stereoptican views were thrown
upon the canvas of roads in every sec
tion of the, United States, before and
after improving, each pictura telling a
story of the way in which the respec
tive communities were benefitted. The
speaker at the asms time tpld a short
but interesting story of each picture. '
In reference to the building of good
roads in this section the speaker stated
that they, could be built and kept in
good order at Jess .expense than in any
other section of the state.
He stated further that it was not
necessary to build macadam roads that
sand clay roads would give the sane
service and that it Would be matter of
going only a few steps irom the roads
to secure the -material. After they
were built, he said, all that wou'd be
necessary would be to keep them in or
der with the split log drag, and that the
cost of the op keep would be only a
Mr Boykin's leture was of a very
practical character, Ha stated that
the government and railroad company
were co-operating, at large expense, in
seeding out the good roads special in
order to foster the good roads senti
ment throughout this section of the
onion, and further, to assist counties
and towns by giving them some import
ant advice and information at the very'
outset of their road-improvemeut cam
paign,. Errots, he said, have done much
damage to the cause. Counties, have
voted large sums of money, and lack of
sufficient information has caused them
to spend their money jn ways that have
hot produced desired results. This has
killed good road sentiment He em
phasized the fact' that roads must be
taken care of as well as built.
After the jtereoptican views had
neen shown and explained the . entire
assembly was invited to the demonstra
tion care, and almost every man in the
house went where the various models
were shown, all of them being operated
by electricity generated by a gasoline
engine in the baggage car.
Owing to the Tact that the views
were shown in the theatre the sterop-
tiean car was not used and the crowd
next; assembled, at the demonstrating
car, where the" various mode's, of mac
hinery and roads were explained fully.
' To see tbesa tiny machines running
doing the same work that the larger
ones do, only on a smaller scale, was
exceedingly Interesting and the vint to
this one car ws well worth convng
The special train and party which in-
eluded Mr. L. E. Boykin, expert road
man with the government department
of pub ic roads, Mr. M. E. Warrell.
road engineer with the government.
Mr, E. N. Chew, mechanical engineer,
Mr. H. E. Bruffey train roaster , for
Coast Lin?, Mr. E. N. Clark at the
head of the Industrial and Immigration
department of. the Coast' Line left
shortly after 12 o'clock for Washington
" A fUal Difficulty. ,
"A funny Incident occurred on a
derma n railway trnlu whereon 1 was
a nasseneer." says an American who
spends a bit of his time abroad.
.'A certain stolid Teuton had been
assigned to a seat In the coach that
obliged him to ride backward through
the Black forest. At the first stopping
place he asked the postmaster, pureu
ant to German regulations, to give him
another seat, saying It made bint 111 to
tide backward. . ' "
"'Abk the man opposite to change
with you,' said the postmaster gruffly.
''But there is nobody opposite me,'
protested the German, 'so I cannot aak
him,' "Harper's Magazine. '
To B a FUal Actor. 1
Sinking one's Identity In cbsracter
parts on the stage Is but an insignia
cant branch of acting. The displaying
of a personality beneath tbe makeup,
the incarnation of a written character
lu flesh and blood, by a sneer act of
genius on the part of the actor in Ail
ing a part with his own personality
tenipored to the limitations of his role
the creation. In short of a living,
visible and Intelligible being, Is the
grand goal of the actor's art
How well Richard Mansfield knew
that art! In bis performances you
saw an Impenetrable makeup; but
though Mansfield was hidden, behind
the d': -ffiilse were the brains of the
greatest drnmntle genius of our gen
eral!. m, fashioning steadily and su
j : ! 'y a choracter as ho coueelved It
o t cf the innieriMs placed at his com
1 ly the playwright llonry Kol-
k. r In
left nine m
SAGE OH WALL
. .. V.' . . " I,. "'-- )
Sam Miller and Companions
Found. Further Hope of
Bcscue Abandoned. '. i
Bricevilte, Tenn,, Dec. 15'b. Brice
ville has surrendered, entirely to de
spair for Samuel Miller and hia four
helpers, mho had left messages n.ilie
walls of the Cross Mountain mine pas
sages as they fled from the dread black
damp, have been found dead. ' As Mil
ler, who knew the mine better than
any other mub, succumbed, ' it ' is how
held impossible" that any one' escaped.
Even the government rescuers are very
doubtfnl whether any more' living men
will be found. Five fires are raging in
the mine. ' ''WV, :
Since last Saturday Miller add his
party had been groping jtheirfwayi
seeking fresh air . and running away
from the fatal after -damp. The story
of their wanderings in part is written
on the walls of the mine in 'Sam's' own
handwriting. Miller and his, . four men
made a compact to stick together, go
ing on and on in search of Open air un
til their strength was gone. Then 'Sam'
wrote on the wall "Well, boys, guess
the jig's up," When a rescuer stumb
led over a body his lantern showed 4
more bodies lying beside it. He recog
nized 'Sarart Miller, and next to him
lay hia boy, Emmett. Their clothes
were searched forfarewell notes, ' but
none were found.
It is now believed the total death list
will not greatly exceed 100.- Including
the bodies recovered the. total known
dead is 61 and at. least 40 more are be
lieved to be inside.
Notice Watch This.
A brand span splendid new 8 room
house, toilet and bath, modern and up
to-date and an automobile house, all to
rent or lease, at No. 22 New street,
See Big Hill, the man who sella Shing
les for less, and the only Shingle man.
44 Bales on 11 Acres.
This is a "frak" year in cotton
growing in this section, for cotton just
grows without the usual having to pile
on fertilizers. Two instances are here
told. On two acres in Craven county
that aa hot good cotton land and not
fertilized with guano; a bale, and half
cotton was grown, - In Pamlico county
on 18 acrs 43 bales have been-picked,
and the owner expects to pick out an
Ladies, better put a new
coat of paint on that room
where ' Santa - Claus visits
J. S. Basnight Hdw. Co. ,
REPORT OF THE CONDITION
, OF THE . ' ' "
BANK OP D0TER
it Dover, In the State of Koi-tb. Caro
Una, at the Close of Business,
Dec. 5th, 1911.
Loans and discounts ' 9 19,247 24
Overdrafts, secure, and un
secured , ' 803 75
Banking house Furniture
and fixtures , . 2,022 96
Demand loans . ;. 600 00
Due from banks and bank-
era 6,008 32
Cash Items - , - 700 00
Gold coin ' ' 45 00
Sliver coin. Including all ml-'
. nor coin currency 193-18
National bank notes and oth ,
er TJ. S. notes - - , 1,822 00
Capital stock .. .. .. .. .$5,000.00
Undivided profits, less "cur
rent expenses and taxes
Bills payable '
Time Certificates of Deposit
Deposits subject to check .
Total ' $29,842 75
STATE OF NORTH CAROLINA 33;
CRAVEN COUNTY. , . ' v
I. W. H. Caton. Cashier of the a-
bovs-named bank, da solemnly swear 'nervous and depressed, go and get a 60
that the above statement is true to(centboxof MI-O-NA stomach tablets
the best of my knowledge and be -
Uet." ; -;;' 15 ,
W. H. CATON
v . Cashier.
Correct-rAttest : '
Q, V, RICHARDSON,
J. K. EIDDLF.,
R. A. RICHARllHON,
Snlxcribfcd and sworn to before me
U.ls lZ.h day of IVe. 1011.
v, a. v.'!I.:m r.
Dr. Ft J. HAywood. Women of
Confederacy ' Monument '
-.t i ; i . j Site, y ' .. i,
Rafeigh, Dec! Dr, Fabius Haywood,
for many years the leading physician in
Raliegh; a gallanVfoung officer in the
Confederate arsiiy; a good citizen and
brave spirit and a ;. lover of -hie fellow
men, ; died yesterday at bis home on
Wilmington street as the result, of an
attack of apoplexy. He was returning
hhme from the pastofflce, where he had
been receiving his mail for years, and
reached the capitol square when the
attack ia supposed t'o have come Dr,
Haywood sank on a bench and was
found by his cousin, Mise Lucy Hay
wood He was, 71 . years old, having
been born in Raleigh, October 1, 1840.'
The State Board of Public Buildings
and grounds baa- selected the Bite for
the $12,000 . monument .iHon, Ashley
Home, of Clayton, will erect to the
memory of the North Carolina women
of the Confederacy. ' The location is in
Capitol Square, -halfway between the
Fayetteeille entrance and the Morgan
and Salisbury Street corner.
"The , Sunnyslde," a periodical in
New York has the following; "J. W.
Brown of H. J.-roWn & Sons. Raleigh
haaqeen' succeseful .in growing Hack
cotton. This novelty will receive the
attention of the government at Wash
ington.,'. : 'iiv; ,;, I iy, -J
The queation of the title to about 16,-
000 acres of land in several sections Of
Western Carolina is involved in appeals
argued before the Supreme Court in a
combination of . Fowler va, Union De
velopment Company and county of Clay
and Richarda vs. ' Ritter Lumber Com
pany . and Macon county against the
same defendants.: It is the old Chero
kee reservation that is involved, or
rather a multiplication of land grants
involving portions of these lands fol
lowing their opening to settlement esrly
in the nineteenth century., The main
question at issue is whether it is nects-
faary for the signature of the Secreti ry
of Stateat the time the grant. was se
cured to appear on the giants giving
title. In some of the grants involved
the grant is Bigned by the chief clerk
for the Secretary of State and in others
there is only the indorsement of the
document on the back by the Secretary
of State. x ,
The Goldsboro, Seven Springs and
Swansboro Railroad Comoany. with
Go'dsboro as the principal office, grant
ed charter by the State with $1,000,000
capital, for the construction of a rail
road from Goldsboro through sections
of Wayne, Lenoir, Jones and Onslow
counties to Swansboro in Onslow coun
ty. The incorporators sre Frank
Thompson, Jacksonville: T. A. Prit
chard, Swansboro. J. D. Langston, W.
A. Robertson, M. H. Allen and R. P.
Young of Colds boro. Charters for the
Healing Springs Company, Lexington,
capital $15,000, byW. A. Burgin, Z. I.
Walser. W. H, Phillips and others for
the development of the Healing Springs
property near Lexington; and the Hol
land Realty and Insurance Company,
Gastonia, capital $100,000, by J. W.
Holland, P. W. Garland and others.
Just received a beautiful
line of mens and ladies Neck
wear, Silk Hose and Hand
kerchiefs in " Xmas boxes.
J. J Baxter. -
The following invitation has been
Mrs. Narcissa El'sabeth Davis requests
ths honor of your p esence at the
. marriage of. her daughter.
:,: to ': : "' ; ;' ; ; ;"
Dr. .Lorenzo Lee Dameron, Jri
on Thursday afternoon, December tbe
- , and eleven at three of th
clock First Baptist Church .
Beaufort, N. C.
Puts the Stomach in Splendid
Shape and SuppliesVim, Vlg
or and Vitality to the
If you feel all run down, out of sorts,
Take every one of them according to
directions and when they are gone yon
will feel like a different person.
MI-O-NA stomach taMets will reno
vate your disordered stomach and bow
el they till put life into your inactive
They will banin'i rervounnpsa, brain
(as, dizz'mcKS, hi- i,n, oiihtsweats,
and slerjili s.inena,
?"I O NA will stnp sour riiiin, f
1 1 . i I'.uin in f.ve r.mut"s. If.
Gil Pll S I!
30 YEARS WITH- ?
, ' i
Of Pay Among English Post Office
'Employees General Strike v
; . Threatened.
London, Dec. 16. England is now ex
cited over the threat of a general strike
of poet office employes throughout Great
Britain, which would tie up the Christ
mas mails. The irreat postal unions,
with a combined membership of nearly
90,000, which have hitherto been unable
to agree on concerted action., are now
presenting a solid front, demanding im
mediate improvement of wages and
hours. Postmaster General , Herbert
Samuel told the men that he would take
up the question in 1913, but the men
refused. They claim that this would
result in no action before 1915 and by
that time there may be a change of
government. Premier Asquith refused
to receive a deputation of postomce em
ployes, and the men Insist that unless
tbe government relents speedily they
will walk out. V A complete tie-up of
mails and telegrams would result. In
an interview Secretary W. B. Chee
man, of the sorters, at London, said:
"The cost of living increases every
day, but the post office employes are
receiving the same salaries that they
did thirty years ago. Then there has
been a tremendou 'speeding up' in the
department and the work haa increased
so that the men are unable to keep up
the pace, f We have hundreds of cases
of nervous brokendown every year. In
one large office where 500 men are em
ployed, 60 were incapacitated within 12
months. The number will increase, too,
for the tension is becoming Intolera
ble." .: ;.;..,;'
I have never had such a beautiful as
sortment of useful articles . to select
from. Visit our stores and look over
the different articles and 1 am sure you
Will be convinced.
8. MILLER,. 4
J The Furniture Man.
. HAVELOCK ITEMS.
Dec. 15. We are having; some rainy
weather now. . .
Xmas is almost here. Guess every
body is expecting a "jolly" time, ;
Mr. John Morton passed through our
town enroute for New Bern yesterday.
, We are glad to see our Sunday School
improving; . v.
' Misses Sallie Russell and Maud Wood
have gone to visit friends and relatives
at Riverdale. - .-
Mr. W. P. Strlck'and delivered an
interesting address at the Methodist
Sunday School Sundsy. , ;
Mr. D. L Taylor and Miss Maud
Wood were welcome visitors at this
plsce Friday evening last
Mr. R. L Broadus and Mr. W. L.
Falwell were welcome visitors at tbis
place Sunday. .
Mr. W. Y. Wynne and Mr. Clyde
Godwin were welcome visitors at
Cherry Point Thursday.
Mr. Lee Weeks, of Cedar Point was
a guest of his cousin Saturday and Sun
day, The school children of this place are
busy practicing for an entertainment
Beat wishes to the New Bern Jour
"A FOND LOVER."
WeexDect to ftiak; our
store a lively place for1. the
next week if good things
and low prices will make it
so. J.J. Baxter.;
The January Wide World Mogazlne.
An interesting and. inspiring article
appears lo the January Wide world
Magatine entitled "The Guardian of the
Light" This Is a description of Mad
ame Matelot'a heroism on the night of
April 18th, last when her husband, the
Keeper of the Kerdoola Lighthouse, at
Belle-He-en-Mer, lay dead and she and
htr children spent the whole of the
nlsbt turning the tnarhlnery which
keeps the Kerdoni light In movement.
Other articlee include an exciting one
on "Sharking" by D. W. O. Fagan;
"Tho Ascent of Iztacclhuatl," "The
Rain Gods of Msndi;" "Among the
Chines Shans;" "A Journalist in
Alaska" and "Our Hunting Trip in
Chubut" The number is laviBhly illus
trated with photographs' taken in all
parts of the world.
You should visit cur store
before buying your Xmas
rrcrcr.ts, we are thowin
l:a:vl: : li cf ood thirds. J.
J. T l:r.
Prices Recover From Huge Crop
Estimates. European Spin-
ners Large Buyers.
New York, Dec. 16. Cotton during
the past week has vacillated a good
deal, now advancing and now declining.
Late'y it has ' shown more strength
portly owing to the rising of December
premium :dVer January. It has recov
ered in a measure on tbe great esti
mate on Monday last, of 14.885,000
bales, exclusive of linters and repack
ings, which are estimated by some, as
fully 500,000 bales more so that the es
timate looks like' 15,400,000 bales. The
continent has continued to buy freely
in Liverpool and to extent here, and its
purchases still include " October 1912,
something which appears to many sug
gestive. It is asked whether the bur
den of future crops may not be'at least
partially relieved in some such way.
It is known that European spinners,
thankful for present prices, have in
some cases bought Ameicao cotton for
delivery not merely a year ahead, but
for four or five years ahead, on tbe idea
that cottdh is cheap and that it would
be very well to make hay while the
sun shines for. the acraeago may
be sharply curtailed next Spring,
and prices a yar from now may be
very moch higher. October bas been
14 points over July, strange as that
may sound to those who recall that in
recent years July has been 200 points
over October. Even radical bears have
deemed it prudent to cover and look on
for a while. ; . .
Ths Waldorf-Astor bear clique bas re
ceived a sharp reminder that the price
can advance as well as decline. , They
have covered freely. The spinners ta
kings are making a more cheerful show
ing; exports are large and supplies have
not been increased of late at the rate
they were a year, ago. Much of the
time the Liverpool spot sales have been
large. Export trade in cotton goods
?ith South America and Manila has im
proved. -Not a few are beginning lo
uy futures on the idea that the chanc -
i are better on" the bull eide than on
t te bear side. Yet many hold aloof,
chilled by the big crop and some re
ports that ginning in certain import-
t it states already exceeds the govern-
nt crop estimates for those states,
.( by the unsatisfactory condition of
t cotton goods industry taken as a
hole. ' . , .' - V , '. " '
The South, too, is steady and at times
eavy seller of hedge cotton. . But
I .member has favored the bulla.' Its
I "miums over January, which wai re
itly 24 points, has within ' 48 hours
jumped to 45 points at the New York
ices are so low that little cotton Is
c a!ng this way, and the stock here ia
t.uch smaller than it was a
WILLIAMS' KIDNEY PILLS:
Have you neglected your ;KidnejsT
Uiive you overworked your nervous ays
tern and caused trouble with your kid'
ceysand bladder? Have you pains in
loins, side. back, erolna and 'bladder!
Have you a flabby ' appearance of the
face, especially under the eyesT Too fre
q uint a desire to pass urine! If so, Wil
liams Kidney Pills- will curs) you-at
Druggist, Price 50c Williama' M'f'g
Co., Props., Cleveland, O.
The California State Assembly passed
a bill for a Presidential preference pri
mary; , . '.
Our Heaters will put that
chilly feeling to route. J. S
Basnight Hdw. Xo.
New York, Dec. 18-More than 800
members and guests of the New York
Southern Society listened to speeches
delivered at their annual banquet by
Champ Clark, Speaker of the House of
Representative; Oscar W. Underwood,
chairman of the Ways and Means Com
mittee of the House, and Judson C.
Clements, chairman of the I C. C.
Judge Clements urged publicity as an
effective means foi , regulating viola
tions of the interstate commerce law.
Mr. Underword spone on the tuilT
sid reiterated many of bis well known
arguments condemning the Repuhliean
t leory of tariff making.
Speaker Clatk coi.nun.1 his r-m 1 4
t.. the progress of t'.a fmiih.
Seated at the gue-t t 1 ' ? e ' ;
(ren'ul.jnts of umi.i' f r i :
$ Hte soeiet.ies of il V . , !. ( . '
( nnr V.'i! i i I'....' t . .
I in, ' l i y i
As Presented by King Cotton In
1910 And 1911. Latham's
Summary of, Situation
Greensboro, N. C, Dec- 15th. Poor
old "King CottonI" What a sorry spec
tacle he presents as compared to a year
ago or two years ago. A year- ago the '
world waa very seriously considering,
from aa economic standpoint, the cot
ton shortage; today they are .consider
ing thesurplu9. :
VThe two pictures should be named
Pinching and Plenty. One represents
12,000,000 crop with prices a little un
der 16 cents and the other a crop of 16,
000,000 (growth) and prices under 9
cents. One represents a frame of mind
that said "too much cotton cannot be
produced and 15 cents has come to
staw.'' The other says: "The South
has just shown the world what it can
do and what it will continue to do."
Such extremes as the past two years
sooner or later was bound to beget the
present unfortunate situation. Some
so-called farmers here in the South
planted their lands, their front yards,
back yards and possibly grave yards in
cotton end contracted with their supply
merchants to furnish them Western
hay at $35 per ton to aid this operation.
Any country cotton buyer could have
Sold them it . araa foolish, ; Strange to
say many intelligent ;, merchants and
bankers in the South aided and abetted
this suicidal policy. The result is known '
tha grief ia great, the sorrow a com
mon one not only to the South, but ' -to
the nation. Think of our trade bal- -'
ances with foreign nations! Exports
of 9,000,000 bales will not put as much
in the bank as 6,000,000 last year. There
is little ' Value now in-rehashing the
things that have and do militate against
cotton, . They are many but the great
est of these are the surplus bales. The ...
world ia rather dazd and unsertain aa
what to do with such a crop as is now
generally admitted. I once knew an
important lawsuit to be won by the de
fendant admitting practically "every
thing that was alleged. So, let us ad
mit a 16,000,000 growth and everything V"
else that the preachers of gloom wish
to picture, and look forward.
let The growth ia 16, 000., 090.
2nd. The consumption is presumably
13 to 13J million. ,
8d, The visible supply on September
1st, waa less than a months' supply for
the mills and the surplusage from this
crop will give the mills of the world
somewhere between 3 and 4 months'
supply to add to their (small) mill re
serves of September 1st . -
4th. Cotton is the most imperishable
article of merchandise iu the world
when properly stored. . .
6th. Considering land values, the cost
of mules, the high prices of food for
man and beast and the price of labor -
cotton id selling very close to the cost
of production. '
6th. A return to sanity and the pro
duction of home supplies is likely to
cause a very drastic reduction in acre
age. . '; S
7tb. The use of fertilizer will be
8th The enthusiasm of 15 cents will
give place to the realization of 9 cents.
9th. Nature may be less willing.
10th. A shortage in the crop of for
eign countries is said to now exist equal
to a million bales. ;
i llth. The use of cotton at these low
prices is bound to expand. . .
12th. HUtnry shows that cotton al
ways goes dewn after big advances and
that it always goes up after big de
13th There has been no time in over
a dozen years when cotton bought at
these prices, and faithfully held failed
to pay the investor profit.
14th. No matter what the remit of
the rebellion in China sooner or later,
it means Western methods and a big
demand for cotton and cotton goods.
15th. This may not be the exact mo
ment to invest in cotton for the best re
suits but an investment properly mar
gined with patience and money, in my
opinion, will be a veiy satiHfuetory in
the end, ,
There is pressure of spot cotton now
because obligations munt be met be
fore January, and mills are unwilling
buyers because they do not wiah to
make new financial arruiigemenls he
fore that dute. I see s'grm of a lur-o
trade demand after January.
J. 15. LATHAM.
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