Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1919-12-17

lax iiS iSoS ESolSOu bSl
have the solution Of the problem.
This association has actomplfshed a
most wonderful work and the re-
suits have been nationwide. Under
its able leadership 1t has not only
brought tremendous benefit TO the
South, but 1t Is to-day Attracting the
attention Of tho nation to%the South.
1t has removed prejudice and
brought 4 better understanding, 1t
has brought the different sections of
the country into a closer union and
as q result Of It's world vida cam.
Daign of publicity, which has been
II Of the most remarkable ever
carried on IN this country, the South
will come into her own. The as
ISOLATION, it's aims, objects and pur-
poses and the work that 1t has ac-
complished in addition to&tho many
Southern questions that it has
changed, + being discussed
throughout the length and breadth
OF the nation to-day. nave Just
spent two weeks in Spartanburg,
studying the Spartanburg plan, and
this plan has struck me rs being
about the best thing | have seen yet
and l told the people Of Spartanburg
that If they would stick 10 their
purpose, and firmly believe hey
will, their plan would be adopted
throughout the entire Soutl and 1t
would be a solution OF til whole
question. or course Il greal respon-
sibility rests upon Spartanburg coun-
ty. They have been move fortunate
in the matter Of warehouses as they
were able to ecure the Cam Wads-
worth warehouses and all he ia
~cilities there. AS the mattcy stands
from a marketing standpoint in
Sp%artanburg, the farmers ar in con-
troll Of the situation. wan to tell
you people here that If the 2partan-
burg plan is adopted throughout The
cotton belt it will fiji the aecds of
h South. 1t struck inc With sur
prise that you farmers OF Ito South
have become so alarmed IVA the
break in the price Of cottoH within
the past week. told the leople in
SDartanburg not to worry uoout it,
that they had the rea! cor'>n and
the spectators in New 80 K were
only selling paper cotton, d ing in
paper cotton. This Is the noint to
bear in mind. | think an rEplnna-
ton ION one who IS famiit1r with
Wall Street conditions, is vcry much
appreciated at this time. Wall
street has been having an orgy Of
speculation and this is the natural
condition coming from the resent
times. Wages have been hishar all
over the country and money NAs been
plentiful and this has cuueoi Wall
Street to spread and II Nc longer
reaches from Trinity churrl ~ the
East river, but Wall street 5prcads
from tho pnpifr m, tho w.. 10 tho
Atlantic on the east, Canal. on the
north and the Gulf Of Me,ic0 on the
south. Everybody who nas al my
money has been keeping tlr wires
hot. This Is what has y irponed
during the past week. Oh ~ was
too much speculation and ,turally
broke the stock market. ,e most
popular stock was outomohi& atsttck
and rs everybody was As.y..as sn;s
! stock Il was soon cpi,iiz;a&YSSan all
Ut the 1utOmibiie factories in the
United States would have not been
able e manufacture enouGl' Ht .Nr}J-
biles, running at full capacity, 70 MI
their demands, and therefore the
spectators had to be stopped. The
stock that kept above the Others was
United States Steel, and this is
natural because steel represents
building and Is the backbone Of The
industries Of this country. Now,
what effect did this have on the cot
ton market? The speculGt0vS in Wall
street went over to cotton market
and began specializing there. mere
was a tremendous demand Tor Wulr-
gins on Wednesday and Thursday Of
this week, the price Of cotton had
been going up and the people Always
like a bull market OF when to spec
ulate. Everybody made n great rush
to speculate In cotton end natpl lily
cotton went down. THIS was The
main influence, and the other innu-
ences were only temporary. You
must remember that they were only
dealing In paper cotton and the man
u%facturer can not spin paper cotton.
Since I have come South ! have seen
the real cotton in the warehouses
and you have 1t properly stored with
its full value. l ht1ve never seen a
time in all history when cotton vas
so urgently needed III The wSOle
world. The demand for textiles md
cotton fabrics in the United States
is greater to-day than ii ever was
before. People buy cotton goods as
they new have in the past, wages
have been very high and people are
able to buy what they want. Buyers
are even now forcing the jObbcrs to
name prices for goods to be sold
next fall a year from now. IN ,re
Is a tremendous demand for lOng
staple cotton, the crop this year vas
far from normal in size and in unnli-
ty, with the result that tho supply of
good white cotton is ~iuaunicienC to
meet the requirements 81 the textile
trade and they are Q paying
prices for 1t that represent not a
question Of price but Il question of