The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1914-11-20
GROW LESS COTTON,
NJ 'ADOO'S ADVICE
Says Wade Fund Won't Help
Without Crop DiversificatiOn.
BIG EUROPEAN DEMAND
Says Never Before Have the Chances
Been So Good to Reap Sure N
Profits.

Washington, Nov. 1S.-Although
the 100000 cotton loan fund
has been completed officials of the
federal reserve board and the treas
ury department declared today that
the South must introdrc2 diversified
tion of crops and reduction of cot.
ton acreage next year to get the
full benefits from the fund and in
sur material incrnaIe Ie in the price
ot raw cotto'; for neXt years crop.
Secretary McAdoo in a statement
tonight called this "the other press
ing and important problem" with
which the South must deal He urg-
ed the raising of other food products,
which, he predicted, will find a ready
market, particularly If the European
war persists.
"The Southern farmer" said Mr..
McAdoo, therefore, has an unusual
opportunity now for changing ex.
listing methods and habits, with GER
tain profit and permanent beunEt TO
himself"
He suggested that the department
of agriculture would gladly outli:.e
methods of crop diversificat'on
suitable to different localities, and
added that bankers had an excellent
opportunity t. aid in this work by
using their influence to direcc the
character of crops by imposing
proper conditions" upon advances
to farmers.
SURE PROFITS.
'The farmers of the South" con
cluded the statement, fought to
wake up to the Importance OF crop
diversification. There never before
was time when they could wake
up with such certain profit to them
selves"
Members of the federal reserve
board were inclined tonight To &c
heve that present conditions pointed
to decided reduction in the cot
ton acreage through influences ou,-
side the cotton producing states, and
predicted that with acreage reduced
cotton 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
appointed cotton loan committee IN
active charge of the work, according
to announcement at the treasury to-
night. Tile first meeting of :his
committee will be neld IN New York
Friday morning
McADOO'S STATEMENT.
Mr. .McAdoos statement said in
part:
The plan Si;ss the cotton loan
committee power 70 appoint com
mittees in each OF he cotton produc.
ing states o: ilabama, Arkansas,
FLORIDA, Georgia. louisiana, Mists-
sippi, North Carolina. Oklahoma,
South Caroline TEXAS and Tennessee
tn assist 1t I'm carrying on the prac-
.ical work.
While the creation OF the cotton
loan fund ard It's use under the
pien will have a far reaching and
beneficial iniiuo . upon the cotton
and business situation, nevertheless
The attention nf III" South should not
lie drawn away frop, the other p~cs.
Ing a'd important problem iyi'h
which it must intelligently and Of
fectIvely deaf, .amciy, q material
reduction of cottoc acreage I'm l)l6
and the raising of food produces IN
large part Of the acreage her. TO-
fore devoted TO {. tton.
WILL HELP COTTON.
mot only will crop diversiflcetion
help The prosperity OF the South, but
the mere assurance OF a large de-
crease III the cotton crop next year
will Immediately enhance the value
Of the present crop. The food pro-
ducts which the South can advao-
'ageGrsIy raise on q part of the
acreage will 1nd ready market al
profitable prices. even IL the s jutr
itself cannot absorb them with great
er advantages than by buying sup
plies from neighboring states. II
the war in Europe is protracted the
demand for foodstuffs will grow in
volume and intensity and must b =
supplied in large part by this c,ua-
try.
''rhe recently expressed views II