The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1916-11-08

,WAucJ1OUsE COMMISSIONERS
eA1s COTTON WILD GO no
W TWENTY FIVE CENTS
NAhes speech at Dalscll Showing
Hhnnsss WY Prices Of stapse VIII
- MucA Highcr I'm sprins-Big
CtWso t'Baaoccue TO Hear Speak

-0-> - ~ -
per given by the church at that
I p>aes ana at which John Lowndes
1efAurin. warehouse commissioners
90 South Carolina, vas the chief
''sDeakar. Mr.. McLaurm In his talk
MATED that cotton would 60 to twenty
i've cents In the spring. . statement
thsch was received with applause by
the farmers who heard him.
Ihs barbecue and hot supper was a
ntost snjsyabls affair and q large sum
wus msds % 20 TO the church. The
crowa seemed much pleased with
th< aRair and listened attentively to
~ Wsaksr. The speaking was In tho
Ais6>t6stum Of the school building.
NJ sAx Of HI. McLAurin's speech
W. shout ~ follows:
1ssss y no U.S. IN looking for
ptses1tnts to sivs m indictaion - to
WHAT prscss wfii do under the PREF
>sat sascnmseancss. The world has
ntvsr faced such Z situation. East
ysaS ths cotton crop VA about twelve
ann11sa balss. ana this pear taking
tle 6lnssrS reports and all III infor-
tAatsen that I y Gst. We viii cer-
6anlS nos rake . crop Of much over
ana ons-half million baisa This
odll make the total amount Tor two
oAs3 twenty-five million bales OF cot
~ Ascending TO Mr.. Hsstsr'n re-
~ vhjeh n the most reliable. the
o96sampisn last year Of American
$500 was fourteen million eight
1onlfed thousand bales. and tho con-
ortion this yvar - each month
0alhG ahsad OF what u wss the
psrod the preceding ysar. This
N Gsan = demand 1t present prices
~ two years Of at lsAst thirty
11leA baJss % cotton; 20 that II IL
~ 60 % sssn that there 10 . de-
kn1 - present prices for the two
- at least thirty millieu baiss
eioeen: - thAt 4 u plata v "
Nj there " : demabd tot sisht
llll]s6t tales q sot(s4 wEl6kt ~ not
,e41esesiss w ~ q Sc
! : !
~ - nsk 4 VA q
$3.50 81 800 other malsriai BE-
qs cctton. rhors - NO such other
ftStenAl' bsoauss the silk and the
wcts crops ore a about Z complete q
1Htlurs - the cotton crop: 20 that I
rspsat again that the world II facing
M unprecedented situation with re.
Gosd - COTTON. / do not believe there
~ : man In the United states who Oh
Ne nrst day OF last September really
eh0asht that cotton would sell at
tWUaty cents. in October. because this
Ne season when there Is the
h6e~isst movement and when the dis
0ses cotton comes on the market. II
u esn % to twenty cents In October.
what wiil q 90 to In January when
the pre- slsf tho distress cotton In
removed The people who have car
nsd cotton that long are intelligent
DseDls asd win try to get the last dol
~ that their cotton IL worth.
The present. stock of cotton in Lav-
sspei v just about ons-half what Il
va one year axo.
when I was In New York recently I
found many people who thought chat
sns the recent liquidation vas
over cotton would 20 before January
70 twenty-five cents. I do not pre-
tend TO make any prediction of that
sost. 1 only contend that cotton IL
in~ss1rsscally worth twenty five cents
compared to other material. Two dol
lar wheat and twenty-five cents cot
Tin are on n party. and. II Will
compare wheat and cotton with steel
ana topper. you will see that cotton
ana wheat still have q good ways to
go.t
Ths Texts crop In September was
estimated nj four million bales, and
now the best estimates place It
srouhd thrss million.
Il understand that around ninety
per cent. Of the cotton has passed out
OF enc farmers hands In the western
pant of the belt.
i NV . statement recently from
sscrstsry Redfeld In which he af-
firms that there are twenty million
soidisu under arms wearing uniforms
In Europe and that the clothes worn
by thsss soldiers wear out four times
~ fast a. they do In time of peace.
mn would mean that there arc
tWentY million naonle In Eurona u,ha