The Bamberg herald. [volume] (Bamberg, S.C.) 1891-1972, 1914-11-26
MUST GROW LESS COTTON
SAYS FUND WON'T HELP WITH
OUT DIVERSIFICATION
McAdoO Says Never Before Have the
Chances Been so Good to Reap
Sure Profits.

has been completed officials of the
federal reserve board and the treas
ury department declared today that
the South must introduce diversifi-
cation of crops and reduction OF
cotton acreage next year to get the
full benefits from the fund and In
sure a material increase in the price
of raw cotton for next years crop.
Secretary McAdoo in statement
tonight called this "the other press
ing and important problem" with
which the South must deal. He urg-
ed the raising of other products,
which, he predicted, will find ready
market, particularly if the European
war persists.
THE Southern farmer said Mr..
McAdoo, therefore, has unusual op-
portunity now for changing existing
methods and habits, with certain
profit and permanent benefit to him.
SELF"
He suggested that the department
of agriculture would gladly outline
methods of crop diversifcation suit
able to different localities, and added
that bankers had an excellent oppor-
tunity to aid in this work by using
their influence to direct the char
acter of crops by imposing proper
conditions" upon advances to farm
ers.
Sure Profits.
THE farmers of the South" con-
cluded the statement, fought to
wake up to the Importance of crop
diversiication. There never before
was a time when they could wake up
with such certain profit to them
selves"
Members of the federal reserve
board were inclined tonight to be-
lieve that present conditions pointed
to a decided reduction in the cotton
acreage through influences outside
the cotton producing States, and pre-
dicted that with acreage reduced cot
ton would go to a normal level next
year.
General supervision of the cotton
loan fund will be under the reserve
board members, with the recently ap-
pointed cotton loan committee in ac-
tive charge of the work, according
to an announcement at the treasury
tonight. The first meeting Of this
committee will be held in New York
Friday morning.
McAdoo's Statement.
Mr.. McAdoo's statement said in
part:
"The plan gives the cotton loan
committee power to appoint commit
tees in each OF the cotton producing
States of Alabama, Arkansas, Florl-
da, Georgia, Louisiana, Mississippi,
North Carolina, Oklahoma, South
Carolina, Texas and Tennessee to as
sist it in carrying on the practical
work.
while the creation of the cotton
loan fund and its use under the plan
will have a far reaching and bene-
fetal influence upon the cotton and
business situation, nevertheless the
attention of the South should not be
drawn away from the other pressing
and important problem with which
it must intelligently and effectively
deal, namely, material reduction
of cotton acreage in 1915, and the
raising of food products on a large
part of the acreage heretofore devot-
ed to cotton.
Will Help Cotton.
Not only will crop diversification
help the prosperity of the South, but
the more assurance of large de-
crease in the cotton next year Will
Immediately enhance the value OF
the present crop The food products
which the South can advantageously
raise on a part of the acreage will
find a ready market at prohtaole
prices, even if the South itself can
not absorb them with greater ad-
vantage than by buying supplies from
neighboring States. If the war in
Europe is protracted the demand for
foodstuffs will grow in volume and
intensity and must be supplied IN
large by this country.
The recent expressed views of the
secretary of agriculture on this sub
iect should be read by every farmer
in the South. The department of ag-
riculture will gladly give information
to the farmers of the South about the
best means and methods of crop di-
yersifcation suitable to the condl-
tions of each locality.
Bankers Opportunity
The bankers also have an excep-
IL, NM