The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1914-10-21

tent the depression in all walks
of life.
It does look like a great under,
taking for the state to launch oC5
into the business of buying cot
ton, and to pledge it's credit for
so large an amount of money,
yet, the banking mind of this
body say it is good business, and
it will accomplish it's intended
purpose. Ali of rs realize the
undertaking to be stupendous
and naturally we were not STAN,
peded by what appeared to be a
fash from Alladin's lamp, we
took it home with US to ponder
over seriously, and. I am con.
vinced that it will work, and the
people will realize the labors of
this extra session has not been
in vain. A committee Was ap.
pointed to draft a bill, this com,
mittee worked for several days
to build up a measure which if
endorsed by the people, tit is a
constitutional amendment and
therefore must be Submitted to
the qualified voters of the ;state)
then when the regular session in
January assemblies 1t will be
ratified, the bonds issued and
Immediately the work Of relief
will begin by the buying by the
state of 1000, 900 bales OF South
Carolina grown cotton at 10
cents per pound, middling basis.
The bill will be ready for pre-
sentation Monday night and it
will be pushed through rapidly.
There is opposition to this meas
ure-the cotton mill men do not
like it at all, and some of the
bankers would not approve the
buying plan, they would prefer
the state work on tho loaning
basis similar to the $3.50, 100000
Wade plan that so much has
been written about, in my Judge.
ment, the loaning scheme may
be alright for the banks, but it
will not be as helpful to the
cotton growers as the plan of
buying outright. I have been
assured by good fnanciers the
buying by the state as proposed
is practical, it will accomplish
the purpose, and, coupled with
it if there is a total elimination
of the 1915 cotton crop it will be
a great blessing to those who
can only see lowering clouds
above them.
The details of this measure
will be worked out to guard the
interests of the masses, it is no
wildcat scheme, nor is it calcu-
lated to open rp an opportunity
for graft, the bonds will be in
small denominations. and credi-
tors can handle them in the
banks with almost the same
facility as currency. In my
opinion, if the people will not
become stampeded by tn e
threatened distress. and will
patiently wait until this bond
issue can become effective, every
thing will be sunshine again,
therefore I advise every farmer
to swing on tight to his cotton,
see to it that it is kept out of
the weather, so that he and his
creditors will not suffer from the
damage Of the elements, when I
say hold on to his cotton, I mean
that he should work in conjunc.
ton with his creditor, do not
sell, but store it, turn the ware
house receipts over to the man
whose money helped to make it
so that he can satisfy the de-
mands pressing him-no credi-
tor with a heart in his breast
will Cypress his debtors if he
can possibly avoid it. The man
who will take advantage of a
condition like this to reap
wealth, is an undesirable citizen
who deserves reno, al from the
community; no, we have none
here but who will be glad to aid
by every indulgence in their
power those who manifest a dis.
position to do right, and I say,
under the circumstances, should
there be a man who will, be
cause he has the power of the
law to sustain him, undertake to
Cypress and force undue sacri.