The Marietta journal and courier. (Marietta, Ga.) 1909-1918, 1917-10-12
EFFORT TO use EMBARGO
TO LOWER COTTON PRICE
HAS RESULTED IN FAILURE
Cotton Will Sell AT Twenty-Five Cents A Pound
If Farmers Demand The Price, Says
Senator Hoke Smith

Washington.-The bear raid on the
cotton market, that threatened to rob
the Southern farmers, has been brok-
EN- down. The raiders have been run
to cover. Their rout has been COM
plete. Cotton has advanced steadily
in price ever since the white light OF
publicity exposed the market manipu-
lators and exposed their fallacious
propaganda. -
Neither the foresight Of a prophet
nor the son of prophet is required
to see that cotton farmers will re-
ceive for this years crop financial
return commensurate with its value
If they will but sit steady and demand
their rights. The law of supply and
demand entities the farmers to re-
ceive a price aplroxin4Hting rs cents
a pugmd or mare for their staple. The
law will wark its inaNoFaSle certainty
IL farnaers will hat RsFndt 1t.
The raid Of the bear @EsFateEs Ga
Wall street., Ms taaaaedgahe effects On
the cotton EsaFket, on the oae kaEd,
aad tkledT eWq@s'sEe ia the seHEase on
the United States aga9 it's effect Elseaa
the Raarket, GA thse edtAser, feHna aA h2r
tcaTelsti8gg stcgy.
The BEARS ssyusat to pssptAt tsaseEn'.
sg.lvess RnaNa.ciaHy az tBss c&q'enosse OF
tbs cotton fS@mGaHs, by tGp&a.g &eEWaqa'-
taeos or a G,@Te 03aaaagea.t MoaSessatty.~ $40
esssgasy aaaud Hasg Ga,ey u G0agsry we've tS0sy
tbcsst tSysy rasCrtes& TO paalisaaSag, iLaQqg-
iead aGap& umS6aAr poost1oo:ds to ia5@@e ths
pwisS es COTTON ThaiF publicity e@oa-
pmsaaa OF fa& sU &n@ poislsadiag i@6Ora0fs
tium, Temporarily @ess effective, aJo@
t6s prizes OF cotton slOJOOp@& apprecl~
ssoly.
wnS cuthon uasrSet prn6ts@rs, soo
ALERT, Nmse rapUlous Iot OF WSdl street
gauoablers, ssiued plppn toe American
crOttum e.uoAargo as tO,e puescne to toOs5r
selfish emd
Tbe federal government thromsh
Ms export administrative b'uoNr6, placed
ao eoo oargu om toe shipnoamt OF c'otbom
too neutral countries contiguous TO GtsF-
uossny s,md the Central powers H2UOr
6rgGs OF other ARTICLES of cowOD0a'st7c's
were imelQ@e& lm tia euohsnsoS %n1ca
WAS resow: e& TO avs q w 2@ BOeaSSNyS by
&6@ A 0a@r1cqaa gor er10 00emt-a DossasmrCs
taas As calculated am@ designed TO @m6
The WAY by preventing oWN enemy au@
Sh@ eme0oigs or @mr s1ld@s 3F@ma secUr~
g1mg products th@& 00ay ba helpful to
thtgao im wagUug @sSr oU the AI@sr3e@n
pemple,
Fewer t&an 300, 600 aai@9 OK AOu9Fa"
cam cotton cam 1e affected by toe eco
barge. Toe countries contiguous TO
Germany sn& Austria that heretofore
have imported cotton f@OUa America
have used fewer than S@s, 0aso bales
sampally, aot Gn0Naadss to so$ert tAe
;sgiesa OF ths staple ea@ss %ag oR aOsb,
either.
Bag the bssaK raiders, tae e'adtqsl
maaesas pyaos6tesas, appreciated tae poo
tesntsssassathas OF tks wew& 'eabsamslO." A
c0atasqn eaa@hEaNao woass 03wste 10 the&f
eagrs; It naes1gah jinGle of dollars ia
their pocAets. Tlasy were net slow to
sastzs ulqsN the sstio@ of the covers
meat, an @ction utterly useless to
tEsufF purpose if they eun5ned thena.
selves to the truth.
But truth and market naAipulators
are strangers. So the manipulatorS,
true to the traditions of their bust
ness, magnifled the news Of the cot
ton embargo. Instead of Affecting a
paltry 100000 bales of the cotton crop,
as was the truth, the manApulators
skillfully circulated the report that
the embargo would shat OF the mar
ket for 5000, 900 bales of cotton.
There you have the inside reason
for the sudden drop in the price of
cotton. The market manipulators de-
ceived Southern farmers to believe
that the United States government,
by placing an embargo on cotton, had
cut off the demand for 100000 bales.
Not alone were the farmers deceived.
| Other persons, deluded by the skillful
publicity of the manipulators, believed