The herald and news. [volume] (Newberry S.C.) 1903-1937, 1919-03-18
BRIGHTER OUTLOOK
FOR COTTON TRADE
Early Peace Depends on Wilson's RS
turn to France, Baruch Writes
Senator Smith.
The State. 18th.

The State. 18th.
avuauuI l.. II. oiii4..l .opeiI. t-a,rI-
day in Columbia. While here Senator
Smith gave out for publication a let
ter he recently received from Barney
Baruch, written in France Februar'
IA, which letter brings much encour-
sgement as to the cotton situation.
MIR. Baruch emphasized that re-
|s,rictions among the allies and those
against the neutrals would likely be
lifted within the immediate future,
and s'later on there can be some re-
taxation of the restrictions against
the central empires.
Senator Smith said President Will
son had recently expressed the opin-
icn that Germany would never be able
to pay the indemnity unless raw ma
terials were allowed to ente. Ger
many. The senator was of the opin-
ion that an allied agreement would
be effected soon to allow cotton and
other raw materials to flow into Ger
many.
With the lifting Of the embargo,
cotton prices are bound to soar, was
the consensus of opinion. The great
trouble to be considered was that of
finance in Europe, which will be the
determining factor in the price to be
paid for the cotton.
Concerning the failure of the gen.
eral assembly to pass good roads
law, Smith said he was keenly disap-
pointed. Nothing would mean so
kmuch to the State, and particularly
he. farmers. The letter from Mr..
3aruch reads:
FHotei de Crillon, Paris, France, Feb
ruary IA, 1919.
"The president has really accom-
s9lished big things over here. 1t may
not appear so on the surface, but this
is about what has happened. The
peace conference convened, and it
then subdivided it's work among sew
eral subcommittee on such subjects
as the league of nations, finance.
economics, reparation, labor, water
ways, etc. This is also the soca1led
ten big divisions which discusses and
will make recommendations concern
ing territorial divisions. All these
are at work and will
report their findings to the peace con-
ference, which, in turn, will decide
in what form they will go into the
treaty of peace. When you think of,
the enormity of the job, how many
different nations there are with wide
divergence of interests, T>really think
a great deal of work has been done"
Speaking of the presidents connec-
tion with the peace conference, Mr..
Baruch says: "He (Wilson) has COM
handed the respect and admiration of
cry one. His power of argument,
S courteous and calm manner, his
hrmness and his unfaltering courage
have easily made him the leading
figure of the conference. Further
more, if we are to get any kind of a
peace soon, he must return imme-
diately.
"The business and finance condi.
tions are very serious, but are slowly
growing better. We have encounter
ed all sorts of difficulties in opening
I'D the markets here and it has re-
quired steady pounding and has been
an uphill fight OF course, what the
,world wants IS an early peace in or
der that the people OF the world may
go to work: but while the making OF
the peace IS going on all Of the re-
strictions among the allied nations
and those against neutrals can be re-
(laxed Later on there can be some
relaxation of the restrictions against
the central empires.
eve have been trying for long
time to increase the sales Of Ameri-
can products here and have been met
on every side with extreme difficult
Ties, the greatest of which is the in
ability to finance. One day We get
a decision and the next day it is with
drawn. Ever since | have been here
I have been active in trying to get
lhe European people to take a large
amount of cotton My efforts have
not borne much fruit but something
has been accomplished. The Belgians