The Aberdeen weekly. [volume] (Aberdeen, Miss.) 1878-1933, 1907-11-22
Conditions in South.

Street Summary to night publishes
+ dispatches from all over the South
ern States in reference to financial
conditions, saying. in part:
The South appears to be badly
( crippled temporarily by inability 10
I secure cash with which TO move
cotton, its leading staple DemoraI-
/ ization in foreign exchange at New
York has increased the burden Of
I the South, because, as one Mont
g0mery banker reports:
The exporters operating IN this
section are not able To buy cotton
on account Of their inability to place
in the New York market their for
eign bills, against which they draw
to reimburse the Southern banks "
1t Is a safe assum ption, however,
/ that this situation will soon he
alleviated, as the foreign exchange
market Is now beginning to assume
more normal aspects, though until
the virtual deadlock still existing in
| domestic exchange IS broken, this
| feature must continue a source Of
annoyance and some embarrass-
ment
New York bankers for many
weeks before the precipitation of the
4 present crises were advising South
ern planters TO sell their cotton, and
in some cases this counsel was com
piled with, though reports indicate
that much of the staple remains in
original hands because Of an incli-
nation to hold for higher prices.
A gratifying matter is the cool
headed and able manner in which
the Southerners are handling the
situation. Clearing house certif-
Gates have been resorted to accord
| ing to one correspondent, not be-
cause the reserves were unusually
/ low, but as a matter of protection
to the banks and the public. In
other words, the South did not wait
until the last possible moment to
adopt the expendient, and conserv-
alive judges maintain that New
York would have done much better
had clearing house certificates been
issued Il week or a fortnight before
they were, thus preventing a loss in
cash estimated from $50, 900, 900 to
S75, 900, 900. That Southern de-
positors have not been seized with
panic and withdraw funds from
fright is also indicated To sup
plement the deficient national cur
rency, it appears from President
Jordan of the Third National Bank
Of Column bus, Ga, who is also chair
man of the clearing house, that
credit currency has been issued in
certificates Of small denominations
to mature March /, 1908, and to
circulate as ready money.
The only instance of the kind in
the North is a similar issue author
lied a few days ago by the Chicago
Clearing House Association
All things considered the South
seems to be making the best of
bad situation, which it is handling
with sound judgement.
There is nothing better for stomach
troubles than KODOL, which con-
tains the same juices found in a
healthy stomach KODOL is offered
on a guarantee plan for the relief of
heart burn, fatulence, sour stomach,
belching of gas, nausea, and all stOm-
ach troubles So at times when you
don't feel Just right, when you are
drowsy after meals, and your head
aches or when you have no ambition,
and when YOU are cross and irritable,
take a little KODOL. Tt digests
what YOU eat. 1t will make you
healthy. Sold by Phoenix Drug Co.
The Pittsburg Judge who issued
the dictum that people who want
divorces must pay for them in adj
vance may not have had in mind
any ethical reform. 1t Is possible
that he was irritated by the fact
that so many after securing their
liberty used their funds to finance
a new honeymoon trip, and forgot
the debt due an obhging court.
However, the necessity of paying in
advance must lessen indulgence in
the luxury. If the plaintiff wife
were able to secure the sum from her
husband, she would not only spoil
her own case, but her heart might
be SO softened that she would buy a
new costume and be content to keep
away from the lawyer If the
plaintiff husband had to earn
money to hand into court along with
his complaint, he might be kept
too busy to continue the quarrel,
and conclude that money could be
put to better use. Philadelphia
Public Ledger.