The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1914-11-14

sno u men0estly the best advertising
medium In Sumter.
The German cruiser Emden has
run her course and the inevitable has
occurred. She has been overtaken i'm
the Bay OF Bengal by the Australian n
warship Sidney and destroyed The
Emden has been the naval sensation
OF the war and has inflicted tremen-
dous damage on British commerce in
the far east. The course of the Emden
Is comparable only with the ever
famous achievements Of the Confed-
crate cruiser Alabama under Raphael
semmes. The commander of the
Emden la man of the same daring
type as Semmcs and has reflected
imperishable fame upon the Ger
man navy by his single handed raid
on British shipping in n region where
England has long held supreme sway.
State Cotton Warehouse Commits
sioner John l.. McLaurin. who has a.
reputation as ready letter writer Is
displaying great energy In keeping
the warehouse proposition before the
public. IL Is dcvoutly to be hoped
that his campaign of publicity will ac-
complish substantial results for the
betterment OF conditions.
Field Marshall Kitchener, in q
speech at the Lord Mayors annual
banquet I'm London Monday night,
again forcibly reminded the English
that the British empire is fighting for
its very existence and that more men
would be needed for the army, and
still more and more increasing num-
bers as rapidly as they can be enlist
ed and trained for active service. lie
warned his hearers that the war would
be long one and that the empire
would be called upon to make many
sacrihces before victory Is won and
the er my crushed. Kitchener now
has n million and quarter men in
training camps In England and en-
listments are more numerous than at
the beginning Of the war. England Is
just beginning to get ready to make
war In earnest on large scale. When
Lord Kitchener has his army ready
tho great German war machine will
be put to the supreme test.
The Wade cotton loan plan is be-
ing criticised by some of the regular
cotton dealers who knock 1t because
IL interferes with their business and
also because they claim that those
who borrow money from the pool
will pay an excessive rate Of interest.
Perhaps the criticism Is justified. hut
II must be borne In mind that the
Wade plan was devised as an emer-
gency measure to relieve extraordinary
conditions. The machinery for handl-
ing cotton In the ordinary channels of
trade had broken down completely
and the cotton growers have been un-
able To obtain tho money they needed
anywhere at any price. III the cotton
brokers had been able To handle the
cotton end furnish the money the
farmers and cot on merchants needed,
the Wade cotton pool would would
not have been thought of. hence 1t
does not come with good form from
cotton brokers 20 attempt to discredit
the only practical plan that has been
devised to finance the surplus cotton.
IL may be true that those who obtain
loans from the Wade cotton pool will
pay n high rate Of interest. but IL Is
also true that those who ship cotton
To these critical cotton brokers, store
10 In the brokers' warehouses and bOr-
row money from the brokers will pay
for more than six per cent. for the
money they get 10y the time they fin
ish paying all the bill Of expenses
charged up by the brokers. There are
warehouse charges. Insurance. com
missions and interest to- I've paid the
brokers. which when totnlcd up, vii
equal or exceed the interest Charg"'
that the Wade plan vii! entail.