London Conference Has A
Good Effect On Business
New Ferliii{{ of (Uinfid??nce Kvidnil in Nation's Busi
ness as ICosult of Prospect Acceptance Dawra
I'lan and World Rehabilitation
n> J. c. ROY MS
<C??yrt?*t IW4. By Th. Atriac*!
%New York, Autf. 18. ? While the protocol binding <a?r
maviy and the Allies to operation of the Dawes plan, signed
Saturday has not yet gone into effect, negotiations at Lon
don have" now reached a stage where American business men
are convinced the rehabilitation of Europe soon will bo be
jain*
Consequently the majority
of them look a brighter view
of both the nearby and long
term prospect for business
and industry today. -
The busfhcfc* men m m? con?
fldent In their belief that the plan
will bo put in operation liy the at
titude of officials at Washington
and by the movement in long In
active Gorman bondR which ap
parently had its origin in finan
cial circles of Germany itself.
Since Secretary of Stnt?* lfu::hcj
arrived front Europe, Washington
officials have shown a more
cheerful attitude about -the Daw* **
plan. The buVMV of fon-i^n mM
domestic commerce for example
will ipHU>' today a report on the
^bualneyft Of thr*- scheme although
th.ro 15 110 absolute 'tfVBYVnCL1
that the formal action prepara
tory to puttinu the plan into op
i-rutiuii will b" tak- H ? IIV I lull
time.
While the effect of the opera
tion of the Dawes plan will ne
cessarily be psychological for
some time to conic, bo far as this
country Is concerned, it will be
none tin* b us real. Business men
all over this country havo looked
on world commerce and trade as
a mill, the main drive shafts of
which are turning under only a
part load. With the plan In op
eration belts off the line and
counter shafts slipped from the
Idle pulleys will begin to turn tlio
economic machinery of the idle
count ricH of the world until a
readied.
IT that lakes place, it will mean
prompt and continued demand for
iArlran raw materials, with
equally prompt payment for
American noods. Surplus com
modities which have hung like a
wrt blanket over- the firo of Amer
ican production will be absorbed
and competition will instill new
life Into trade veins.
Tho prospective effect of the
operation of the Dawes plan can
be gathered by the widespread
comments of economic experts
and business men. 1'lerrepont B.
Noyes. former l'nit< d Slates
Rhlneiand commissioner, declares
the plan is a master stroke In the
' MtPrrere of farmee~a?d- -uU
buslneHS In America."
Kdward A. Flleno of Boston* re
tall merchant who keeps lu clos
est touch with European markets,
asserts that Germany under the
operation of the plan will be
America's best customer. His con
tention to some extent Is borne
out by the recent activity In cop
per, lead, fine, silver, cotton, wool
and other commodities which have
been Influenced by prospective
German demand.
An to competition In world mar
kerf as a result of the operation
of the plan, some experts declare
that this would establish a basis
"Tor world 'Mule W!1 till" Mine com-1
petltlve conditions that existed be
fore the war and that in conse
" "ipR ?ttry-AnuTtnr-mnst be pn?twte*-d
to lower costs and take other
steps calculated to hold her share
of world trade. These men point
out that with peace prevailing, In
i rreasod world production of man
ufactured goods nnd Increased ef
r.uriMicx, xit mhupuicpj,. yJiL jn?yrr,
that the long ranee of price move
ments will be downward.
They add. however, that there
Is nothing to worry about in such
a prospect, since it will Involve
Increased distribution and a gen
eral growth of prosperity. Such
prosperity. agriculturists believe,
would aid in consumption of farm
* products produced In America.
Hankers snd financiers who
will be largely Interested In the
loan of $200,000,000 to Germany
place special stress on the stabili
sation of th? Germany currency
which It Is believed the plan will
brine about. Little difficulty Is
anticipated In raising the amount
of the loan which will be assigned
to this country.
Speaking Of the Dawes plan
from the viewpoint of a credit
mnn accustomed to dealing with
debtors whose affairs are In a se
" rlous tangle, J. If. Tregoe, secre
L tnry and treasurer of the National
1 A- relation of credit men, said to
| day:
"Germany's d"bt, like all debts,
fa n be dlschsrged only on the
>? b?*ts of two living credit prln
* Clplen. nsmely, willingness to psy
snd ability to pay. The plsn pro
' vldes a foundation for such wil
lingness and such sbllity."
Mr*. W. C. Rrookt. Mm. L. K
R#?nfrow. A. D. Crop**y. Mm. W.
H. Crop?#y, and I. E. Bartroi
h?v? returned from Norfolk
whore they attended Ik* burial
of Kftderlek DeMond Cropeey.
PORT BILL TO
HOUSE TONIGHT
to Ih>
IteffiTPd to IVopIr at No
Vi,mlM?r Klretiou Kx|hm*I
(*<1 to l'a*s IIoiim*.
Itali-luh, Aiik. IK.? -Tho i?ort
commission hill will bi' transmit
I ? <1 lo tin* House of tli*1 Oeni'ral
Assembly tonight at 8:. 10 when
l hat. body convenes after a two
day i?fCfSH.
Tho measure passed the Senate
i on tin* third r failing Saturday
iwowiliin 'Minr a- Unlit hkhIuki the
: referendum clause had boon de
feated.
A? passed by the upper body
"???? ImII ??? 1. h,?n,|
j issue of $K. 500.000 for tin* devel
opment of port facilities and the
building of a .ship line if the lat
ter is deemed necessary.
It further provides, however,
that Ihe entire proposition shall
; he- submitted for the approval of
? the people at the election In No
! veinber before booming a law.
The fight In the House Is not
expected to prevent the passage
1 of the bill, according to political
; observers.
It was said today thai the ma
jority sentiment seemed to be fav
orably disposed to the passage of
j the measure.
Whether there would be an at
t ? in pi nrrttmtimte ? th?? ? refeeew
dum clause was not known hut
? there had been no reports, of any
'such action.
Senator Wilson introduced in
| the Senate during the closing
' minutes of Saturday's session a
tJl!U designed to Improve the aq
uation as to money for loans'.
The measure provides that money
on deposit in banks and note* on
real estate shall not he laxel at
more than i'vo cents for otato
purposes thirty cents for county
and fifteen cents for municipal
purposes.
In talking of tho bill Ihe sen
ator, who lives at Yancey vUle.
said that in his section of the
e -witlT-+he Isi fftUi-At aroimd
AT LAST AGREE
ON DAWES PLAN'
LoiidVm. ' Auk'. " " IT? ? Pro&peetH
arc favorable for tin* adoption of
tin- Dawtn reparation plan by the
French parllanit'nt and Ccrman
relschtaK. aceordinK io dispatch'*
frnm the twv ? capitals received
here today.
Washington, Auk. 18. ? Word
whs nwlved today that the Conn-'
ell of Ambassadors have come to
a satisfactory agreement with
C.carmany for putting the Dawes
plan into effect.
MANY WILL SEE
BRYAN NOMINATED
. Lincoln, Neb.. Auk. 18.? Hun-.
dredK of delegates aud ?? visitor*
made their way hero today to we
Governor Charles \V. Bryan re- !
celve the notification of his nom
ination for the Vice Presidency- bj-'
the Democratic party.
MKXATOH COIJ DKM>
Bristol, R. I.. Auk. 18. ? Sena- j
fctor I .a heron H. Colt died today af
.tiv an Minnas of about two weeks.
Hen i t trouble and nephritis were ;
the cause of his death. He- was j
78 years old.
$2 money could not bo had for
louns. Most of the people who
had money were putting It In tax
free securities in order to escape
taxes and that it was his belief
thai by amending the State con
stitution mo that the rate would
he low. money for real estate and
-ether loans would becomo more
plentiful.
Another bill Introduced In the
Senate was one appropriating
$20,000 for a INortb Carolina ex- ?
? hihlt at the Southern exposition |
In New York next January.
The mensure repealing the con- '
Mini lima I inn.-n.tiin.nl rnlftllng lu
sinking funds, one of the meas-<
I ures for correction of which the
extra session was called, was
passed hv the House at its final
session Saturday. The hill carry-!
Ing the substitute amendment
; was held over in order that a t y- j
pographlcal error might be cor
' reded.
The extra session will pass th<*
halfway mark of the const!. u
tional twenty days with the
sessions of both branches a*
j 8.30 o'clock tonight, to which
hour both adjourned. Leaders
today expressed the belief that
? the full twenty days would bo
1 tn transact the aecossary
' bo idness.
One of the bills that will cause
extension of the nesslon. it Is be
lieved, Is the bus regulation
measure. This bill as Introduced
met with many objections and
after extended hearings the com
mittee of the house In charge de
cided to rewrite It to meet these
! objections.
The measuro repealing tho
railroad stop law is exported to
come back Into the house in a
few days with an amendment
putting the burden of crossing
watching on the railroads where
?they have not more than four
I trains a day. It remains at
- urnacaion many trains jlallv.
Fiery Or Double Cross Is
Issue In Oklahoma Contest
In ChoiMtini; Si-iiator from Three (Inndidatn Voter*
Fare Question Which In Ua?l Evil ami Many Will
Voir for Walton ai* Would Take Castor Oil
B> J. W. MrOAMMAN
luppyiipt iw. ??
Oklahoma City. Okla.. Auk. 18
? Tl^e fiery cross of the Ku Klux
Klnn, on which Former ' Ooiefasr'
John (\ Walton of Oklahoma
claimcd ho was being crucified
during his rccont Impeachment
and removal from offlcc. may]
?WOVC. , lAaA wHl IlKht^
his path to a Heat in the United
State* Senate.
With three candidates In the
field. Walton la the only one who
la not marked as pro- K Ian. The i
coming flection promises to hinge
on the Klnn Issue and as such two,
rivals have Klan support and con
sequently will dlvldo th* Ku Klux
vote, Walton has a, good chaneo
of election.
The candidates are former Gov
ernor Walton, the regular Demo
_cratlc nominee; w. H. IMno. mil
lionaire oil operator, wHo' IfaaTTv-V
Republican designation. and
Campbell Russell. agricultural
orator and organlxer. who, al-;
though a Democrat, Is running '
on an independent ticket.
Russell undoubtedly would poll
a heavy vote but for one thing?'
he openly admits membership in
the Klan. Even I'lne probably
would draw many Democratic
votes, as against Walton, but for
the fact that he also Is generally
credited with being strongly pro
Klan.
Whether It be a fact, as many
of hit enemies allege, that Wal
ton had "doubleorossed" his
friends, the political situation Is
being sammed up by many ob
servers thus:
"Fiery cross or double cross."
As between the two. the major
ity of the antl-Klannlsts are ready
to support the "double crow."
Thty hold that one man with a.
reputation not wholly good la at
least boltor than a powerful or
ganization whoso reputation Is
[*h*8T Wireny good, especially ~H*-Olr?
luhoma.
Oklahoma is taking Its election
! like a done of caster oil. The
i Dally Oklahoman. pioneer Domo
> cratlc paper, for Instance, sums up
, the hII nation thus:
' W -profit' ?n-dhriKis'
ing either the philosophy or the
record of the Klan. It In a waste
of time to discuss the chance* pre
ferred against the hooded order in
days gone by. Cortainly many of
the charge* made against It are
erroneous. But the essential
thing is that the political actM
tlea of (he Klan hare produced
a condition in Oklahoma that Is
most deplorable. The Dally Okla
homnn regards the nomination of
Walton ax a disgrace to Oklohoma
Democracy. Hut Walton 1* not
the only shame that Oklahoma
MdtfM. Mr I* not the only nicn
aoe that, thrusts an ugly shadow
across the politics of the state. "
At a recent meeting of the
Democratic slate central commit
tee there was much discussion of
the Klan Issue, and also of Wal
ton's candidacy. Beteral m^m
ItM of tho Klan who are commit
teemen. openly expressed hostil
ity to Walton's candidacy despite
the fart thatehe Is the regularly
accredited nominee. But In the
end the committee decided to
"stand by the ticket," which In
cludes Walton.
Under the circumstances It re
quires no great stretch of the
Imagination to vision the total
submergence of party lines In No
vember and the casting of the
fntlre rote, so far as the Senate
election Is concerned, at least on
the Issue pf "fiery cross or double
cross."
PUNISH CRIME IS
ONLY PREVENTION
Swift niul Certain Justicr Itathcr
Th.in Sever* Tenuity Would
cheek Crime Wave
? "We s?*em to he lii the mldac.
of a wave of erime In North Car-I'
ollna." said Judge C. C. Lyon off
Kllzabethtown In his charge tolj
th?- grand jury at the opening of?;
this week's term of Superioni
Court.
"This may he duo in part to?.
pror,r?*ss." Judge Lyon went on tor
say. and he then proceeded to|j
mention Rood roads and autoino-j
hi lea ns among the factors which'
have hoth multiplied occanlonaj
and rendered the detection offj
crime more difficult.
"The only way to prevent
crime," said Judge Lyon, "la to j
punish It. not severely, pertafcp?H
but certainly. If the crimen be- 1
ing committed In North Carolina!
today were being detected and '
punished the wave now passing I
over the State would be speedily I
checked."
i Judge Lyon then proceeded to j
j charge the rrand ? jury au to Its
I responsibility In the matter of the
detection of crime and mentioned
some of the more serious and
more prevalent crimcs in the j
State.
The Judge's charge was brief
and court got down to .business
Monday shortly after 11 o'clock.
H?*nry (Dinkey) Divers, charg
ed with larceny of a pistol .mi
carrying a concealed weapon, wus
' let off with a $50 fl-'o in the
' concealed ~WT*apon chjrg?i and
with a su. "ponded Judgment on
paymont of costs on the larceny
IchfiTg*. ? -s?
Ernest Midget t. on r. fjlao prc
| tense charge was lixevii* let off
under a suspended sentence of
? 12 nmnilu in jail on payment of
j costs upon pleadln/ utility and
showing to the court that he had
paid for the articles which lie
1 lisd wrongfully obtai.ici.
i Arthur Miller, colored, fined
j $50 and costs Monday morning
jfor reckless driving, had the fine
changed Monday afternoon to $32
.'on condition he pay F. W. M. But
ler, prominent Elizabeth City ne
gro. $18 for damage done But
ler's car when a car driven by
Miller collided with It.
A. O. James. 105 West Fearing
street, la foreman of the grand
Jury.
i-SlNGEIt EXAMINED
ON HALLUCINATIONS
lllr Th# A?<eltiMl pff?|
Chicago, Auk. 18.? The endoc
, rlnn gland* affect the emotional
| life, according to the admission
| which Clarence S. Darrow. chief,
OOttlkWl for Nathan I^eopold, Jr.. !
and Itlchard I/Oeb drew today from
Dr. H. Douglas Singer on cross i
examination In the Frank's hear- 1
lng.
Phantasies and hallucinations |
i were Kit en by SlnRer at* "signs of
insanity" hut he <|iiallfled thin by
addiiiK "sometimes."
Hm acknowledged that Loeb'a '
Imhil. of ImaKlnlnK Ivlmnelf a
"ma?t? r criminal" Wms "in a NIW
!*? hiiiuciniuon." " j
BOARD OF STRATEGY
IS THE VERY LATEST
! locust Valley, N. Y., Aug 18. ? j
Organization of a Hoard of Slrat
eK)' for the Democratic Presiden
tial campaign formed the subject '
matter of a conference here today
between John W. Davis, Daniel C. !
Roper. Robert Wooley and 8ena
j tor 1'lttinan of Nevada.
Members of the board already
' selected include Thomas Tbkksm ,
of Indiana, Norman E. Mack of
: New York, Geotge K. White of!
6kii??. Homo ,s. Ctimmina or con !
nectlcut, Vance McCormlck of
[Pennsylvania and Cordell If uU
"TefiTiTOS*?*; *lt~- former chairman
of the National Committee.
COUNTERPANES AND
BI.ANKKTS NEEDED
The board of directors of Pas
quotank* ' Detention Homo ha?l
hoped that It would not be neces-j
sary to ask for counterpanes and ,
blankets yet awhile, but with the
cool nights recently, tbe need has
become urgent.
Any persons who can donate
somethln-g along ttvis line there- (
fore, are asked to notify Rev. G.
F. Hill, roctor of Christ Church,
or Mrs. Anna Dewis, County Wel
fare Officer.
Much hard work Is being done
at the Home in the effort to get
it ready for operation. Funds
have been scarce and labor high
The work Is by no means finished j
but Is going on daily.
FRENCH TROOPS
EVACUATE TOWNS
<ltr T*? iuM*M PrMl
fit rassburg, Alsace, France,
Aug. 18 ? French troops began
th*r evacuation of Offenburg and
Appenwelsr. It was eipected
that they would be out the two
German towns some time tonight.
LARGEST ARREST
MADE AT RICHMOND
Richmond, Au*. 18. -The larg
est arrest In the history of the
Richmond i>olle* wss made ye?
teiHlsy when 381 negroes, cieur
slonists, were arretted upon their
srrtvsl here from Hopewell for
looting the store of a Greek mer
chant. '
STATE MAY BUY
MATTAMUSKEET
l.iiidxuy Warren Iiilrodue
?*? Bill to lift Back Vul
uuMr I.ands in County of
llvdc.
llalelKh, Auk. IS ? Willi lb?
introduction into the Houne of a
bill uuthorizing tho State Hoard
of Education to purcauDe any
lands upon which It baa mortgage
or deed of trust securing the jiur
chsse and -providing for ? tic.
payment of tho Draluagc District
assessment charges by the lloaid.
, l?- aeen by many the stops th at
that will lead to the eventual ac
quiring by the State the property
on which tho Mattamuskctt Lake
is located in llyde County n*?u?
llelhaven.
The importance of the bill was
declared to bo "very great" by
Lindsay C. Warren of Heaufoti
County when he Imrodliced Lite
bill In the House. It was of sUch
import and tho act of iuvosiin..
tho purchasing power with the
Hoard of Education was of such
immediate necessity that he re
quested that the bill be put direct
upon the calendar without going
to the committee. lie assertod
that the bill had been drawn up
by the Attorney General after a
conference with Governor Morri
son- aud members -of ? t-tm State
Hoard of Education.
Mattamuikeet Lake was at rn:o
time owned br tho State llnard or
Kduratton and was sold to th'i
Farms Devuloptm nt Company for
1 1 0i),004i for which notes w.-re
Ukaii* Thu Heard still holds it
Hen upon the I^ake and note*
against the development com
pany for $25,000 which it is said
are long past due. The North
Carolina Development Company
has ceased to carry on Its develop*
i mcnts of the lake and the dls
I triet. having gone into the hands
| of the receivers some time ago.
The lako was drained by another
company which has also ceased to
| operate.
| Extensive developments w? ro
tnade at tho lake and In the sur
I rounding community. A hotel was
Hvected and numbers of bunga
lows were built In addition to
i several wtnrrw
i The lake bottom was said to he
i very rich land and that no fertll
I Iter whatever was required for
the most productive of cultiva
tion of many varied crops for
which experts said tho lake bot
tom wax adapted.
The lako bottom covers many
thousands of acros and was
drained for the purpose of being
subdivided and sold Into famiH
It has now refilled and the waters
aro again backing up further In
land aud It Is claimed rulnr the
farms of tho Individual agrb-ul
turlsts around tho lake. It is
these people who aro Interested
in having the lake taken over by
tho authorities that
Its values !n such a way that they
will bf? of benefit to those who
Inhabit the community.
The Attorney-General, accord
to Information received at the
offlco of the Department of Jus
Education, has declared tho fore
closure of the lien and wll in a
few daysoffer the land for public
sale. Tho Hoard of Education, If
the bill passes, will he authorised
to make Its bid upon the lake nt
the public sale Just as any indi
vidual or private concern. Whil "
the bill does not specify that this
will be done at Mattamuskeet
Lako. It Is generally understood
mat mm win he tho action of ti.?
noard In ease the bill does pass.
Tho lake is valued at many
times Its selling price and even
the most conservative of business
men, It Is said, think that the
purchase of the lake would be a
profitable contract for tho I)e.
partment of Education.
COOLffHiE t:ilEKItErr
OVER CONFERENCE
riaymouth. VI., Aiir. 18
I'rnldnnt Ooollilun today wm
plainly cheered over the suerewi
ful conclusion of thn International
Conference In lx>ndon railed to
put Into operation tho l)a wen re
paration plan.
Hp sent n me**ai:e of conxra
(illation to AmhaaHador Kfllog
expressing satisfaction over rc
suits.
Planning a eomplnto rout. tho
PmldPit had no program for thn
day or week. but his father who
la a farmer told visitors "I will
prohahly find somnthlng for Cal
vin to do."
SIX KILLED SUNDAY
Montklscn. N. Y.. Aug. 1ft
Six were klll'd and one Injured
In an auto-traln collision n^ar
her* Sunday.
HACK TO FLKKHPOTM
Atlanta. Aug. lft. ? -Tter.roes are
drifting back to their old bom a
In the Houtheast after * sojourn
In Northern industrial cftfttT'.
but the movement ha' not yet b? ?
come heavy or general
Mrs. Char lea Daniel* returned
home Thursday, after vinltlnK
friends and relative* at Wan
cheae.
He's Chief
c P M- Koan i* . hfof of ?l>e Pe
port men I uf now Iiivinlon
o(. l<l?ntinMlion !!?? will ?iurt work
with <!??? ;?M i f ni?iiv_i\.in n ihHll??n
?flns.T n:'nH g.m??y .iLftyiH the Dp
pj'tH'Mit ??f J'i?|!?'o iwph nt Kt.
L* v emvnrth nn?l from ;; Imic.mi that
|V?: h^ll n< iinl;-inn| f.v fv?* yfyi'H
/?V tlK l"ilrn? iit '!??? A ?ri'Ml|on .f
p f.-.
PISTOI, AND L.lyl OK
COT KINSKY IN UAI)
Carrying concealed wrapnim |
ami oi' otlu r violations,
of law 011 the paved roads of lhc|
t'mrnty w -vv - ttrn -mal n- of fmw-H ?
/Tinr'tnTI ffftnfflKt defendant fr-ln 'tiro
recordt-r'a court Moixtay, though ;
lh<* k? h.h|oii ?t i<l not pana without!
?Um ? nu.nlix- MqihUv iiMOoinw i
routine of oik* or two Sunday
drunk*.
Alex Klnsey and Mack Iniley.
llh' former colored, were flnrnl $50
and cosIm ? ach for carrying coil- 1
c titled we&pona. Klnsey also I
drew an additional fine of $10 i
and coat a on a drunk nnd disor
derly charge. Eddie Hrown, col-|
oi'4'd. on a "simple, drunk" chance,
was fined $5 and costs, the usual
penalty.
Lein Corbet t, colored, for rid
ing m hleycle nu the sidewalk con
trary to ctt-c ordinance, was fined
$1 and costs.
i W. L. Noeney wim taxed Willi
the coats for falluro to observe
j the tftwtr ? railroad crossing stop
law. Another defendant wan
lik* wIhc lot off with the cor tit on
the same charge. Wallace Nixon.
Henry Mathlas. Virginian, wis
i fined $|0 and coal* on a chance
i of sp<-4 ding.
(J. 10. Holly, colnnil, for failure
to list fur taxes, wa s required to
pay taxes and costs.
A1 Smith Called Moses
Of Democratic Party
TIhti' Bp Soiiip Who Brlirvr TumniHiiy Man ('.an Swing
l)avix lt> Victory or Turn ihc Tide m? Thai He
HiniKflf Can Ijilrr (hi Hcarli Presidency
nv DAVID lAWRKNCK
(Co?rlf?it. 1*24. If Till AMHtl
1*1. AN TO liKKUKI.
I'l.ANKS AT SKA
Washington, An? IS ? I'ians
art* bring made to refuel the
Army'* world fllnrn at sea If nurb
ITTnii m*~t??cnm e Tfecr-sfcrytirThe ?
projected 8 25 ml In hop from Itey-j
Javnik. Iceland, to Krederlksdalo, |
Greenland, according to informa
tion from the advance party to
the Army Air Service which also
tolil of the abandonment of a
long search for a substitute land-1
trig place on the roulhern tip of
ureeniann. \
Authority for Lieut. I*ocatcll.
Italian filer, to accompany the
American aviator* from Reyjavnik
to Greenland haM hern given
Lieutenant Smith by Major Cltn-j
eral Patrick, chief of the Alr(
Service.
KEPHRLICANS ON
WAY TO SEE DAWES
Chicago. Aug. IX. Republican
HwlnHHwrlvwi by th?? inttH
dreda today to fortn the vanguard <
of the thouaaiidM who will march :
to Kvanston tomorrow night to
iofoMM <Hww4ea hwwn I hut Hp '
lias bwn selected a? the party's j
candidate for Vice ('resident.
VIRGINIANS VIOLATE
MARYLAND FISH LAW
Haltlmore. . Aug. 18.- Police j
power wan invok-d here ycaterday ,
to keep Vlrginiana from fishing '
for menhadden In the Maryland j
wat era after reporta of violations
of the protection laws of this
atato Were received.
Cbicaio. Aug. 18? New high!
price records for the season were)
reached today by all deliveries |
of corn, oats, rye, and corn went
as much a? two cents abovo Satur
day's finish. September corn
reaching fl.24 and December
$1.20fc.
i Washington, Auk. IX. ? Al*
' though a number of Democratic
leader* believe tho greatest oppor
tunity for John W. Davis lies In
a rifiy-rirtv apllt of " tliP Ropublft*
can voto of the Wont between La
Follettc and Coolidgo, not a fe1r
chieftain*- -am- tirolming that flor-'
ernor Al Smith Is Democ
racy'* r?.ul Moses and tliat upon
his decision tho wholo course of
tho Democratic campaign in tho
end will turn.
Al Smith, it would scorn, haa
it In hi* l*> th*? Innocent
iTur-ana of .Injuring tho Divis can?
Idldacy or helping It. Just now
tho moat interesting discussion*
are going on which indicate con
clusively ihnt John W. Davit hlm
| s**l f Ih deeply concerned over, the
| trend _of Governor Smith"* mind.
| To undcrslnml the situation,
! with Its many side* It must be re
membered that the close friends
of Al Smith have not Riven up
hope of ultimately landing him In
tho White House, while the gov
i ernor hlm*< If will render loyal
'support, he cannot control all of
hia followers. Some of them. he.
think*, mijrht vote for him ***&
cut DhvIh on the mistaken as
sumption that in this way they
could ilemnn 'it r;ite the truth at
; their prcconvent ion boast that Al
Smith could carry N?*w York ev
en in a pr< *ldi ulial year. Th*
(governor ha* *ald to cloao friends
that if he ran for re-election lib
might not be helping Davis to poll
the normal Democratic vote. Hrt
argued that portslhly he would do
: more good by slumping other
Htate* like New Jersey, Connecti
cut. Massachusetts and Rhode It
i land whol e he is admittedly pop
ular and would draw enormous
crowds, wherca* if he ran for gov
ernor of New York all his time
would have to he devoted to
speech making in tho Empire
State Itself.
pnnentcd um it has percolated
through Democratic ctiannela Into
a story that the real purpose of
the governor's advisers In dla
auadlng lilm frniu running la a
selfish ono and that they really
want htm to spend Iitn time on
'the ntump not In tho Kast but la
the West. In preparation for the
1928 campaign. This theory Is
predicated on tho notion that Al
Smith needs to cutabliiih contacts
In the WcHt. that Davla will not
be victorious anyhow and that to
help Davla carry the Kant by run
ning for governor of New York
and carrying Davla along might
j by chance bring Davla Into the
Whlto Hons.' in which case h*
w?fiTd bi-'Thfi Tr.t real rarnmtztrw
succeed himself In 102K and there
would bo no chance for Al Smith
I to win prceldentlal honors.
1 Ttiln correspondent camo back
j from Clarksburg, W. Va.. on the
name train with several Tammany
j leaders who disclosed that whU??
'anxious* Indeed for the triumph of
John Davla because lie has on
| more than one occasion shown a
j distinct frlendlln? HH to organiza
tion men in politics. Ihclr chief
'concern after all Is the local Dom
ocratln ticket. They? meaning
j Tammany ? want to win. No rote
getter like Al Smith has appeared
lln a generation In New York pol
itics. Bo while tiicy Know
Smith's disinclination to win
a^aln, Hi- v f"? I lie would insure
The" victory or tin- Mtttv and local
(tickets and they prefer him to
j make the race. If It helps tho
national ticket well and good, if
lit doesn't, at leant the local can
didates will have been swept In
' to power.
y hsA-tho right
to speak for John Davis authori
tatively except himself, some of
tho Democrats who have dis
cussed the New York situation
with him aro confident he wanta
Al Smith to run for governor
again No statement to this ef
fect will come from Mr. Davla be
cause If Al Smith is going to run
he will do so not as an adjunct
to the national ticket with a half
hearted Interest In hie own ra??
but In response to the demand of
the people of New York state for
another administration of their
affairs at Albany. The last time
he ran he did not disclose his In
tention too early In th? race.
Should Al Smith fall lo become
the Democratic nominee for gov
ernor of New York, It may bo
doubled whether his mump speak*
ink will bo In the West. Al Smith
Is known as a "wet" and the Dem
ocratic. manager* would be taking
a big chance to Rend any pro
<iOUne-d "wets'" to the dry Went
to tell the people of the srld belt
how to vote. In the Kast. how
ever, where to \>? a "wet 1 in pol- ,
It lea Ik connldered no creaf handi
cap but on the contrary In th*
larger cities Is a great asset, the
New York K'?s i 'i"i would bo !,
h?*lpin,"T Davis by giving him an*
thusiastlr support Nor woutyj
there be auy question of Alneeiifc*
Involved because Al Smith tUMy
the delegations from
ern states at I ant month's
tlon sad could have them
oil Pakc
This Year's Cotton Crop
Biggest Money Since 1919
linn;; (iriiHiTx 82,it(M),(MKI,IMH) u? <mn |>mc<l
Willi Kccord Pricr Year Five Years Ago Whin
Crop Sold for $2,500,000,000
ii) .1. c. kovii:
(C??rri>t l>24 Br TM *#?????>
in !? w York, Auk. 18. Indlca
j (Ions now point to a cotton crop
which will bo the second moat
valuable ever produced In the
South. If prlc a do not suffer
roi'i'HKlons mill high prices curront
now are maintained during the
reason. It may bring grower*
I8.?ioo.now.???w, ? an mr iimim
and speculator* have made mighty
little pocket money out of# the
situation and it sfnm* probable
the major profit* will accrue to
the grower rather than the traders
in future*.
Tho most vnluabl" crop ever
produced was in 1919 when the
So it lb received 12,500,000.000 for
? liMUO.OwU-. 4>al?* - marketed -thnfr
year . The 1920 crop wan worth
only $ 1 .07fi.000.000. I,am year's
crop won the fourth in valiio ever
produced, bringing $1,895,000,000
including price* paid for nerd.
The South In the last season pro
duced 10,985.000 hale* hut mar
ketod 1 1.290.000 Including Hitters
. and cotton carried over from tho
prevlouH year The average
price for middling "cotton wax
31.67 cents a pound compared
with 24 04 In 1922 and 14.0ft In
1920. The average value per bale
was $158.89 and wan exceeded
only In 1919 when the averago
was $174.58.
A* the prlf-e prevailing for the
crop produced thin year l? between
$20 and $25 a bale above that of
nslt year and indication* are for a
production of around 1.500. ooo
more bale* than In 1923, the plan
ter* expect additional return* to
the extent of about $350,000,000
In 192 4. Thl* would seem to In
volve good business for the South
and the country generally, since
the crop promise* to he more ev
enly distributed throughout the
producing stated than the last one.
Th* prospect for continued high
prices ha* been elded materially
by the better chance of rehabilita
tion in Europe Tho dlscountlng
ot thl* rehabilitation In advance Is
I* now declared by cotton experts
to ha vp been the real factor be
hind the advance In cotton prices
[last month In the fare of pmspec
tlvo proilur-Hon above world ro
qulrementa. Fow tradera, howev
re, hhw thla nnplo In ttmo to take
udvantAgo of tlio Hue. Kven the
Southern ap^ulatora, proverbial
ly bullish. placed moro emphanla
on the slackness of the gooda
trade nnd the favorable weather
' ewwdtHews. 1
Those who did not tako nd van
tage of tho advance hold that
' wort ft -mqiviNfinnit rjrrtmrttmr
baaed on consumption of tho last j
! five years rather than pro-war re
' rordn. and that consumption win
i.ow on Ita way back to pro- war
levels an a reault of tho moves for ;
European rehabilitation. If tha* j
ease? 'R-errvfr
bales of lint with tho smallest
rarry-over ever known would
leave little If any larger surplus
supplies at the end of tho year
than existed at the end of the
last two seasons. Theso men *ay
mills need a carry-over of live mil
lion bales to make them thor
(Highly comfortable. In the mean
time mills are commencing to add
materially to their output. Thla Is
due to a greater number of orders
coming In from merchant*, espec
ially In rural districts, but th ?
hope of the wholesaler and manu
facturers that the retailer will re- (
turn to the policy of ordering
seasonal requirements months In
advance have not boon realized
and do not seem likely to ne. at
leant a* I'm# an the railroad*
maintain the prompt service no\<
general.
Retailers gathered In recent,
convention of varlou* line."
have expressed themselves to
this effect In no uncertain terms
They declare the wholesalers and
manufacturers will have to con
tinue to carry the atock*
Instead of having the retailers
load up on them. They assert
that this has worked out to thai
advantage In more waya than one
and place particular emphasis on
the fact that having ths maker
carry the stocks has prompted
greater standardization. fewsr
style numbers and lea* frequent
style changes