The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1914-10-16
CHIEF EXECUTIVES
ASK FEDERAL AID
Only Congress Can Forestall Dis
aster, Says Cotton States
Governors

NoNcTuOTS.
Washington, Oct 15.-Declaring
that the crisis confronting the cotton
industry is so serious that only fed
eral aid can forestall disastrous re-
suits. the governors of four cotton
States, in telegram made public here
today, appeal to President Wilson
and congress for immediate relief
measures.
Gov. o. B. colquittt of Texas.
characterizes the outlook as one of
certain bankruptcy" and adds that
the situation ''is aaily growing
wrose."
Emergency currency issued to
the banks has not relieved the cot
ton States" says the Texas execu-
tive. But the deposit of government
funds in banks under the express
condition that 1t be advanced upon
cotton as its fair value at a low rate
interest for one year. with the legis-
latures of the cotton producing
States or through an act of congress
curtailing the acreage and produc-
tion for 1915. would In my opinion.
very nearly solve the situation"
Loans to farmers as 4 per cent OH
warehouse cotton are suggested by
Gov. Earl Brewer. of Mississippi.
THE government can not possibly
lose" he says. for this would be a
gilt-edge security"
He also urges curtailing of next
years crop.
THE cotton situation in this state
grows worse day by day" says Lee
Cruce, governor OF oklahoma. THE
producers OF cotton are absolutely a.
the mercy of the spinners and specu-
lators. In my opinion the federal
government should pass "A law res
tricting acreage for the year 1915.
and could in addition offer substan-
It'll financial aid production surplus
tial aid in reducing the surplus
production for this year by extending
credittat low rate of interest"
Gov, John NJ S!aton, of Georgia.
in his telegram says that while his
State contemplates early steps to
cope'with the situation, he is CON
winged that the farmers must look
to congress for any adequate relief.
III. r. Walters, chairman of the
board of directors of the Atlantic
Coast Line, called on President Will
SSpn today IN diScmSe tbo cotton ole,
alton. He approved the Wade plan
for a SIS, 100000 pool for relief of
planters, telling the president this
was the most practicable suggestion
yet brought forward.
If present low price continued, Mr..
Walters declared large sections of
the South would be bankrupt. He
urged the president to support the
warehouse bill now pending in con
gress.
Mr.. Walters later discussed the
situation with members of the feder-
al reserve board and urged that
everything possible to be done to ia
cliitate the early realization of the
Wade plan. He said the railroads
of the South were seriously embar-
rassed because of the absence of the
usual large movement of cotton.
Would Prohibit Charleston Races.
Columbia Special to Charlotte
Observer, Oct. 14.-Action intended
to forestall the proposed winter
racing meet at Charleston was taken
by Senator Huger Sinkler of Char
lesion when he introduced a bill to-
day In the senate calling upon the
attorney general to take action
necessary to restrain the turfmen.
The measure declared that the races
at Charleston have been in open
defiance and violation of the laws of
South Carolina" Dispatches from
Charleston are to the effect that this
meet would be held in December
and January continuing two weeks.