The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1912-05-22

food stuffs. clothing and other neces-
saries of life should be as light as
possible. The South has suffered more
from this cause, perhaps, than from
all others put together. 1t seems that
this section bears the burden but
does not reap the benefit.
Another source OF economy should
be reduction in Federal pensions.
Reorganization of this department. and
publication Of the names of recipients
In the counties in which they reside
would tend to this end. This enormous
burden should be reduced at the earl
lest possible moment. am surpris-
ed and disappointed that stronger eff
forts have not been made to this end
Since the Panama Canal will soon
be completed every effort possible
should be made to build up our Mer-
chant Marine. We are told that Ameri-
can ships carry no greater proportion
OF our produce now than they did one
hundred years ago. The law which
does not allow foreign bought vessels,
American Registry, should be repealed.
All possible means should be provid-
ed so that our people can find near
er and better market for what they
have to sell. Moreover, we should en-
deavor to have consuls appointed to
foreign nations who are familiar with
the goods which we have to sell In
that particular country. 1t should be
our pleasure to endeavor to form
Treaty Alliances whereby our trade
would be extended to all markets of
the world, and especially to Central
and South America. We are informed
that these countries spend at least
seven dollars in Europe to where they
spend one dollar in the United States
With proper shipping and banking
facllities no doubt a great market
could be created for our cotton goods
and farm products of the South.
We are told that there are over one
billion, five hundred million people in
the world; five hundred million of
these are clothed two hundred and
nifty millions go unclothed and the re-
naming seven hundred and fifty mil
lion go only partially clad 1t is es-
timated that it would take forty-two
million bales Of cotton to clothe these
people, hence there is not much
chance of production. We should
inform ourselves as to where and
how to sell to the best advantage.
Again, our banking laws are the
most antiquated in the civilized world.
they should be revised and more
elastic currency established. A com
mission of Congress, composed of
Democrats and Republicans, after
studying this question for nearly three
years eventually made a unanimous
report in what is known as the aid
rich Bill" This bill was approved by
the American Bankers Association at
New Orleans. 1t makes one part of
the country Independent Of the other.
and draws money to the different sec
tions to be used where the demand is
greatest. To this extent it would be
beneficial to the South. The bill
should be amended in various partic-
ulars. However it is the best that
has been presented as yet and under
1t panics would be impossible | am
in favor of any better method which
can be suggested.
short time since | noticed where
there was on deposit, in the savings
banks of New York, One Billion Six
Hundred and Ninteen Million Dollars
-one-third of all the money on de-
post In the savings banks of Ameri- |
ca, yet, we, within seven hundred
miles cannot obtain enough means to |
develop our section, and carry on our
business to the best advantage
The South has been Disseminated
against ever since the war. This Is
due, in a great measure, to the lack
OF proper information on III, parts of
other sections of the United States. 1t
mas been my endeaYor to bring can
ltal into our State, and / have sue
ceeded in obtaining hundreds of thous-
ands of dollars to be invested or
loaned, and | am glad to state that
the prospects are brighter than they
nave ever been in this direction. One
OF the great troubles of the South has
always been under capitalization.
a great benefit which / conceive
would be to persuade our people to
cut their farms into smaller ones, and
sell to our young men; to recall those