The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-10-24

urasole-sef frs-.3osn q ~ s-ss IN the
r~acesul pursuit a oo-fn-~u~. ih-re
uosl1 - RUN IN ikls lHnc. frosn ons nd
70 ths ether. This E-ziion coult neF-T -
prosp--v1s ~l;houi n
] czr Elus;rGis ihzi 20 you % sn-i
hzps-ns-5 irsrSs-tlEfsly upon TIE oui-
break q III szr In Ausus;. 1919. Tne
nr.s sffsc. Nzs. q cgurSs. % farzlyr-
.hlrtlf.F ~TsryNhere. Even G-Trza1.
~sery Rrstish. sssrg 'Frsoeh shiD scuT-
rss.f o. fbe nrss fr1snciy port and rs-
fass-s O. 80 cut Thers ser- German
Fsfs,ish and Fr-nch raio~rs q; - a1d
ra-u-aliE ths merchant veEafis "a nqt
Ezrf TO- tale any chznps-- oar ou'n
rss-sl,. and fh-rr Hsr~ ven ~ q
fh.-r ~ that ;lrns. rsere ai-o rsf1s-ng to
ssl Thy 60 70; snos .uss WHAT ~
c,orafso-ls p-er~ going - D.. ;heT a.
~; uzn; 20 riss any q TIE unoeTt,ii-
ties q ths sifuaf5on- TIE cotton crUp
a ne souft N1z gusf r1aturlng. ailf
uzf ai.1gf o. D. marketed. We Frol1ce
.ach year IN this c1gnfrs ,o-l=th-r.-
IKE Twelve rnlliCn ~ flffs--r m-li11
lzIes Il uotton. and - ia4sf assFu NH
lion hns-s - thnt c1itgl mus, f1i
r-sr1et ln foreign counfrie- principally
.r Great britain. France arf Bslgiur--
So tfa;. with the colErsfl1n q stilpirg
and ths .nsbnEy 20 -; tran.pcrtatlol
acres the hiEh ssas. the effect upon
'fhc cotton marze; 1ss Just the sane. ls
ire result ~ that dsclarzfiol q var. a.
g b. s1ze sdperilr force our ozn shiI.-
LAD b@sl deprived q their rEh; 20 szill
fhe hiEh ~ezs. and - czrry that cotton
o. frlerfiy markets q the nations VIII
uhich Ne Ecre Al peace. And ] endeas
oret as secretary q the treasury. A.
give sotn- r-iief. The only relief ] could
Offer s7as 10 deposit government funds.
% the extent tina; We Rad available
funds IN the banks Of the South. ASK
ins them. IN turn. % lend thee money
upon - favorable terms a. possible 20
al farmers ihey could reach. 20 enable
them 70 carry their cotton unin normal
conditions could b restored But The
first effect u the shipping congestion
vas % induce every man who owned cot.
ton. ard esery hank which was carrying
cotton ~ ooilatsrsi. and every merchant
= ho rad Ica1ed money TO the farner
upon the security Of his crop. 20 III "a
ssil cotton quickly. because each wsniel
% get I'D Of il before the slump cane.
l. other words. the denoralizaiiol
which comes from the inability 70 mar
ke; the surplus in foreign countries
ARIES from the attempt TO sell grea,
quantities OF 4 staple. be IL cotton or
grain. OF whatever else. in the home
market. when there is not enough de-
4 - 1. II
prices decline. they 20 down below the
cost q production. In the ca-e IN
point. cotton went as low as five cents
Z pound. and II brought disaster upon
the South. The losses during that time
amounted 10 hundreds Of millions o.
dollars 20 the people Of the South. losses
they could IN afford to bear
Now. II we were % b. denied the Tigh;
% snip our produce to those great na-
ti0ns. which consists largely Of the
grain Of our farms. Of the products oi
our rnlres. and Of the surplus manu-
ifactures Of our great plants in this
country. exactly the sarne condition
would he repeated the same effec;
would be produced in every lire Of pro
d1ction in this country. Take the fiscal
year ended June 20. 1917. In that year
We exported 70 Great Britain. % France
% belgium and TO Italy. three billion
four hundred million dollars Of Ameri
can products. One billion. two hundred
million dOllar7i Of that represented tho
products - American farms. their grain
their live stock and other things that
they produced. And it was because Of
2
! across the ocean and 10 sell them in
those markets Of the world that ths
/ general price level Of these coEnmodi-
] ties In this country was maintained and
prosperity came TO the American far
mer . an unusual degree. The same
thing applies 10 our manufactures, AMI
I that is why labor is also concerned in
this great question. II our manufactur.
ers cannot sell their surplus product.
they. Of course must reduce capacity.
and limit production 10 what We con
! sumo here AT home. and that means
that labor would be unemployed. II
we should b. unable TO sell our surplus
/ products TO the four great nations
have named. we would have demoraliza-
| ton " prices in this land. and disaster
would visit every farm and every facto-
r. and every business house IN Am
erica
Americans Put to Supreme Test.
IL is perfectly clear what the kaiser's
purpose was. He had been led 10 be-
lieye by disiOyal people in this country
that America would never fight, that We
were a material people, that any trans
sreasion Of our rights would be met only
by protests. that he could go az far as
be pleased. And 50 he determined that
he would put America 10 this supreme
test and he has gotten an answer he
never expected He expected a craven
submission, and he knew that II we
ave that there would be weakening Of
ne economic situation In America. and
uscord and discOntent among It's people
which would serve the end he had in
7iew. He would accomplish. II we had
submitted 20 that order, by one stroke
u his pen in his palace in Berlin. more
destruction upon American farms. IN
american factories and in American
business houses and 10 American in
ere7ts all over this land than he could
accomplish with all the armies AMI
1avies Of the German empire
What was the other thing he had IN