Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1911-11-08
BRIEF NEWS NOTES
FOR The BUSY MAN
MOST IMPORTANT EVENTS or
THE PAST WEEK TOLD IN
CONDENSED FORM.
WORLDS NEWS EPITOMIZED
cemplete Review Of Happenings OF
Greatest Interest From All
Parts Of World.
Southern.

Fortress avenue runs on OF buena
Bankers and cotton men in New
York are skeptical as to the practica-
bility Of the plan approved by the re-
cent conference of Southern govern
nors for handling the cotton crop with
the assistance of an unnamed foreign
syndicate. The plan is for the pur-
chase of about two million bales OF
the cotton crop and its warehousing
at central points for distribution when
cotton prices have been put back to
satisfactory levels. 1t is declared by
financial experts that If the scheme is
to follow the lines more or less sue
cessfuIly established by Brazil in
financing it's surplus coffee crop, it
would be necessary for the foreign
bankers to have credit of the cotton
growing states behind their loan as
well as the cotton itself as collateral.
Urging the holding of every ayaila-
bic bale of cotton until September l,
1912, if necessary, for price of 13
cents per pound and the reduction OF
the acreage next year to not exceed
ing 60 per cent. Of the areable lands
uf the farmers, kilograms were dis
patchd from the office of e. j. Wat
son, president of the Southern Cotton
congress. to each commissioner of ag-
Ticulture and each state president OF
farmers unions in the states through
put the cotton belt. The plans aim
to effect an immediate belt-wide re-
tirement of cotton from the market
and follows an action taken by the
farmers convention here last night.
That the, price of cotton has at last
touched rock bottom, and will begin
rising again soon, is the opinion OF
Gov. Hoke Smith, who has just re-
turned from a trip to New York after
attending the meeting of the board
OF trustees of the Peabody fund. Ac-
cording to the governor, the opinion
is gaining ground in northern and
eastern financial circles that there is
not going to be any more cotton on
the market until the price goes up,
and that Southern growers have de
termiaed to hold the staple until bet.
Ter prices prevail.
Seven masked men boarded the
-WestsEn express train on the Rock
island railroad at Bridge Junction,
Ark, opposite Memphis, bound the
express messenger and blew up the
safe, taking 100000 from the United
States Express company, admitted
that there was not less than half a
million dollars in the express safe on
the train shipped from Memphis banks
to smaller banks in Arkansas between
Memphis and Little Rock and New
port, Ark.
The farmers of the South must
withhold from the market every re
naming bale Of the present season
crop of cotton and follow this with
concerted and binding arrangement U
reduce next seasons cotton acreage
at least 25 per cent. if they hope to re
store the South great level and re
trieYe the losses sustained by reasoI
OF the present low prices. This II
the plan which the conference of thu
Southern governors adopted at its Ne
Orleans session to secure immediate
relief from the depression in the price
of the staple.
When final arrangements for tn
state meeting of Alabama Confederat
veterans were concluded, announce
ment was made by Col. John L
Fuller, chairman of the program com
mittee, that feature of the conyen
tion would be the unveiling OF
bronze memorial tablet commeoratin
the secession Of Alabama from tn
! Union. The ceremony will take plac
in the rotunda Of the capitol. Tn
tablet is the gift of the Ladies Me
mortal association.