Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1915-07-16
UPPER AND NEITHER MiLLsToNEs
How EnsIand's High -handednsss At.
fects the South.

How En9ianos 1i9h-hahoeohoss NJ
fects the South.
While on the brink Of possible
open breach with Germany, may 1t be
held out Of place II we. at the same
time, consider our grievance against
Great Britain in the matter Of Its de-
structive attitude toward American
in particular its paralyzing
effect on the chief industry. Of the
south?
Within the past ten days, the south's
chief money product, cotton, has de-
preciated in value about $40 per bale;
yesterdays future quotations being
$685. against 9.74-5 on July 1st, while
spots were quoted at $50 as against
IA 1-S year ago-a net decline In
spots since the European war began
Of about $50 a bale.
There may be those, Of course, who
will argue still, that cotton Is, even
now, selling at as good price as we
have any right to expect, under nor
NAL conditions, for a 16,000-000 bale
crop; and this may be, to some extent
true.
But this does not say 1t all. Let US
consider whether or not, even under
present abnormal conditions, we might
be receiving considerably more for our
cotton--but for Great Britain's unwar-
ranted and unlawful interference with
our trade in this "non-contraband"
product. II so, we still have griev-
ance, and a very serious one.
According to the latest issues Of the
Weekly Report" published by the
American Association Of Commerce
and Trade at Berlin and as republished
in the New York Commercial, cotton
is at 80 cents per pound, steel produc-
ton is incrtadng. coal Is moving free
ly. and the supply Of wool Is insured.
The Report" says in part:
Conditions for the import Of Amer
lean products via neutral countries to
Germany are worse than ever and I
am afraid they will have to be stopped
entirely, as England now retains every
shipment to neutral countries, espe-
cially to Scandinavian ports. and only
permits the delivery on part Of the
steamship company to the holders OF
the bill of lading, after an amount
equal to double the value Of the
goods has been deposited with bank
as a guarantee that goods will actu-
ally be consumed In neutral countries
and not reshipped to Germany or Aus
tria.
'In Genoa, cotton destined for Ger
many accumulated in large quantities
and it is figured that volume aggre-
eating SO, 900, 900 in value is detained.
Under the pressure Of England,
Sweden has placed an embargo on the
export of cotton.
I'm view Of the limited supply on
hand, the price Of raw cotton has
reached enormous limits, as in Bre-
men 80 cents per pound was asked
May s1st-
"Since the entrance Of Italy into the
war, cotton mills have increased their
prices by about 25 per cent.
However, the supply for military
use Is absolutely insured, and even In
case of the war lasting long time. the
army and navy will be amply provid-
ed. In the territory Of the enemy, oc-
cupied by the Germans, as In Belgium.
northern France and in Russian Po-
land, such quantities Of cotton goods
have been found that these volumes
alone cover the demand for military
use.
Interested circles, as cotton mer-
chants and brokers, are curious wheth-
e.. the United States will undertake
any steps to secure shipments to Ger
many. These circles claim that In
view Of the last record crop and the
bright outlook for the next, Americans
have a vital interest to sell to Ger
many, and much more so as Germany
is one of Americas best customers"
Have Americans vital Interest
to sell to Germany; particularly the
people of the south, who are most con-
cerned about the price and movement
of cotton?-if they may be entitled to
any consideration at ali at the hands
of their own government? Let's see:
At present the stock Of cotton on
hand in Augusta Is about $4,000 bales,
as against about $4,000 year ago.
This stock Of nearly six times as much
cotton is worth only about three times
as much money today as those 14'ooo
bales were worth year ago. The
actual market depreciation in value OF
those $4,000 bales on hand In Augusta
has been 100000 in the short period
Of ten days.
Cotton is selling in Augusta today
at s42.50 a bale, while in Germany It
is selling-where it can be had at all
at $3.50 per bale.
Can there be any doubt that Great
Britain's unlawful embargo on cotton
which she has no more right to en-
force as between neutral countries
than she has to say China shall not
sell her tea to Sweden-has placed a
terrific burden upon this country; par
ticularly upon the south? Can It De
Offset, or in any way atoned for, by
the profits of the DUPONT Powder
works or the Bethlehem Steel COM
pany?
We may have serious grievance
against Germany for the "frightfui-
ness" of her method Of warfare; but
how does this lessen our grievance
against Britain for her high-handed
assault upon American commerce!
What of the south's grievance II she
must sell at terrific loss her next
crop Of cotton-as she did her last
with the resulting effect Of almost In
evitable bankruptcy for tens OF thou
sands of otherwise perfectly solvent
people, who are at peace with the
world, and in no wise responsible for
the present European holocaust
Augusta Chronicle.
Description Of Bride.-A Missouri
newspaper that shall be nameless here,