The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1913-10-15

mittee was composed of T.. w. Edpbs,
r. Nj. Cooper, J. c. Kennett and my
scIf.
By previous arrangement, through
Senator E. d. Smith, of South Caro-
lima, we were enabled to hold a con-
ference with President Wilson and
Secretary of the Treasury McAdoo, at
the White HOUSE. The audience lasted
nearly an hour. After stating our
business through Chairman Dabbs
and having it discussed thoroughly
from every standpoint, President
Wilson and Secretary McAdoo said,
Go back home and tell the farmers
OF this country that so far as moving
crops are concerned there will be no
stringency in money matters. Ger
tain mOneyed interests in this coun-
try" said President Wilson, tried
to discredit my administration in it's
beginning, and / arm determined that
while 1 am president there shall be
no money panics nor stringency, If it
lies in my power to prevent it,"
Then We asked Mr.. McAdoo If he
intended to commence recalling the
$5O,000,000 loan the fifteenth of De-
cember and One-fourth every 80 days
thereafter as stated in his circular
"Now," said he, you misunderstood
1t somewhat. If you will read the
next paragraph in my circular, YOU
will see that l have given myself
wide latitude. You will see that
have said ii necessity demanded it
the loan will be extended until it has
accomplished the purpose for which
it was intended. And BESIDES" said
he, this amount will be increased,
If need be. to meet any emergency"
Unless said President Wilson.
the members Of congress here, pe-
fore that time. bankrupt the Treas
ury by apprOpriating so many mil
lions for building new buildings all
over the cOuntry-then II we can't,
we cane. But until that time arrives
this administration will endeavor to
furnish sufficient currency to do the
business Of the country with"
Mr.. McAdoo was then asked to
clearly define what was meant by
the moving Of the crops" as certain
bankers had construed the moving
crops Cotton, for instance,) to mean
only after the cotton was ginned and
baled and that this money was to be
only for the buying. Now" said we,
If this Is what you mean, Mr.. Sec
retary, it will not do the farmer
much good, as for the picking out
and ginning alone the farmers of the
South have a cash outlay to begin
with Of about $3.50 per bale and
then is the time when they are in
need Of help. and the grain growers
Of the West are in the same fix in re-
gard to the gathering OF their crops"
, I'VE have intended this money for
the use of the producer as we'll as
the buyer" said the Secretary, land
any bank so defining it otherwise is
not carrying out our intentions, and
will be reprimanded when found out,
and besides. if they still persist in
not carrying out our policy, the funds
will be removed from such banks and
will be put into those that will carry
out our intentions. construe the
moving Of crop to mean from the
picking Of the cotton to it's final sale
to the exporter or manufacturer, and
from the gathering of tobacco to it's
final disposition to the same"
1t looks to me like that we have in
President Wilson and Secretary Nc
Adoo two men who mean to do what
is right and every farmer in this
country should give them his moral
support and try to uphold their hands
In the great work they are trying to
accomplish. do you know" said
President Wilson. to us, that this
is the first time in the history of the
Government that you farmers have
ever received the least recognition
at its hands?"
I hope that much good will come
from this conferences. H. Hobbs,
in the Progressive Farmer.