The Lee County journal. (Leesburg, Ga.) 1904-19??, 1911-09-07
NEWS Of THE WEEK
INEP|TOM|zEDFORM
THE LATEST HAPPENINGS OF I'M
PoRrANcE TERsELY
TOLD.
EVENTS THROUGHOUT WORLD
News Of Greatest Interest From All
Parts Of the World Related
In Paragraphs.


The new agreement INTENDED 10
safeguard cotton shipping documents
went into effect and the central bu-
reau provided for in that agreement
began its activities with the backing
Of practically all the cotton-carrying
railroads, 1t was announced in New
York by the Liverpool cotton bills OF
lading conference committee in a
statement which explained the plan
adopted, and answered various criti-
cisms. The committee says it issued
the statement lin order to clear up
any misapprehension that may have
arisen from recent newspaper com
ment, especially in the South, and to
make clear the ends to which the
committee has been working.
According to 1900 replies of special
correspondents of the Journal of Com
merce and Commercial Bulletin bear
ing an average mail date of August %,
"a percentage condition Of cotton was
on that date 1875, as compared with
500 a month ago. This compares
with 70.7 per cent. last year, Sc per
cent. in 1909, 1871 per cent. in 1908
and 1879 in 1907. The ten year av-
erage is 1873 per cent, and the loss
of 14.S points during the month OF
August is the greatest in that month
in the past ten years. The most i'm
portant declines occurred in Texas
and Oklahoma, respectively.
Ragland, Ala, will get the five mil.
lion dollar Industrial school for white
children which is to be established
by the Southern bureau OF education
with funds to be given, 1t is said, by
Rockefeller, the Russell Sage founda-
ton, Mrs. q. w. Hartman and 9th
ers. This was decided at meeting
in Nashville, Tenn, of the board of
directors OF the bureau. Ragland of
fered a FIVE thousand acre site, two
hundred lots in town and other con-
siderations
In the eastern states Of the cotton
belt the weather bureau during the
past week was most favorable, al
though the rainfall was generally very
light and 1t was still dry in some
sections, according to the national
weekly bulletin. The weather contin-
ued partly cloudy with frequent show
ers in Louisiana, Arkansas and Mis-
sissippi, but more sunshine and dryer
weather were needed.
National President Charles s. Bar
rett Of the Farmers union made his
first official expression regarding the
attitude of that big organization in
the battle that is coming this fall to
maintain the price OF cotton at a
proper level The Farmers -Gnion,
says President Barrett, tissues an in
vitation to the entire South to CO.
operate with 1t in saving to this sec
ton many million dollars on the cot
ton crop OF 1912. To the farmer,
whether or not member OF the
Farmers union, my imperative advice
is hold your cotton!' 1t is worth in
finitely more than the price now
quoted
A meeting OF Southern bankers, cot.
ton brokers and others interested in
the handling of cotton was called by
the bills of lading committee of the
New Orleans cotton exchange, to be
held in New Orleans, September 10,
to consider the Liverpool plan for the
valuation of bills of lading. Practi-
cally all the cotton exchanges have
expressed disapproval of the Liver
pool plan Of establishing central
burea of valuation in New York,