The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1920-09-15
Crop VIM Be Below
Eleven Million
NATERlAL FAMINE
Federal Reserve Board Re
eyDpSible For Slump in Price

lhore THAI viii help the south. He
VIi1cO several reasons therefor.
crop hos q beautiful appearance
Dooo sections, he says. but 10 Is all
L4o1 ana the tnsects seem more raw
otp4 than ever. There Is no hope
~ y lafGpr crop than last years.
IN utib perfect weather conditions.
~ nsttktr bow hiOh cotton will 20.
~ viii be from 500 900 to 100000
- y left ~ the fields. for the high
let of ginning aud the low, price Of
w1nTaAet win make Il unprontable
1oD,oA the humble bee and dogtail.
3 q. ctAtemtnt Commissioner Harris
: 4 littlS lsss than q year ago Or.
~ A. TD4A and other English ex-
Atteal l1ng the worlds cotton
"a Oeo in New Orleans, insistcd
4 No vpfl1 needed q $1,000, 900
~ Alnoeican; crop IN 1890. That
NJ RNDr repeatsd over and over
q sNyLen. they. went back 70 Eng
~ They SoJa that there was a
o.l1 cotton famine already In sight.
Lr7 ~ ooGHkA. the south TO raise
Wooo o9lo4 this year. A few weeks
~ xo14 nlAdo the doIorous state
~ q 0Aaehestes paper that the
q hod Mlbe1 this year and would
60 nAAhy years raise crop OF
lilsi.s ls ,has thh. crop this
- t.ssc.Ooe shSis OF the is,-
~ tn1t woulA - ueeded.I !,
NO. ~ oays tg0 cotton sold for
"a 4N1A To1Ay the same cotton ID
- AfouAl 80 csnta Il n q fac.
)4o NOrl rsAlisaS that we have
~ - Ne NV material, and the
eto4ln11 that che consum ptlon
Z.ltA Oill hs greater next year
- ~. We know that cot
- - hAsO net decreased iE seil-
lf>g& cc4toe shirts that once cold
lNo efo ieW bringing 3S.s0 to
MAA,S aD1 tAb amoeht Of cotton in
~ ~ WOl1nt y worth about ten
o.>go than forynerly.. 49,,
sNoRo = pounethin6 radically
hsNNhat 70 h7 There In no
yttof ~ I'm the world but the
Nons. PROCESSES OF the fed
board. This has made ID
-! Ter The cotton buyers In ,En-
40 IN this country. The bear
o1prS'arps-. usinE the, sopportunity
fcSqate4 and are driving cotton
neD idern below the cost of pro-
|uSlIon. 81. 20. - ix..S thfg
kS4hoFo ~ no doubt that. the action
li1hA feaetAi reserve board Ia respon-
" ton the great slump In cotton.
- hah Hpen boInted out very clearly
ne oAN editor ct The Manufacturers
t1ot4 hEe BY Senator Owen OF Okla
SWhh wAs one Of the authors OF
~ ETeAtIng the board.
~ 4ne AeeOni1torp have planned well
49, ano are expectinG the farmers
q 80 ~ Arne thing they have been
~ ter .thV last 80 years--to rush
yitventt nttthFee-fourths OF the cotton
~ tPe DArhtt in the nTst three or
ntiie when prices have been
2!eee plow level by the 1agerness
M kmer1 to cash In and get rid
y thete' Debts. Then, after the farm
~ 4qto liqntdated at prices below
eo1& Of production, the bear gam
rD-Who then have the cotton In
A4lg poaDeSeion. advance the prices
neAntre marvellous profit at the
49, % the man who has WORKED
me- months tn the year to make
~ fAM product 81
~ rpt. with The ineelligencs and the
ott1Ation that the farmers now
~ : % not believe they will fall
~ tho trap ehd do the same old
- Bor this is the most over esti-
eA crop. that I have known In 40
M obServation. ~ : !,
- ny article on .cctten last week,
sMASAd' that sS.s would be nearer
l.At fog she coudition, and am now
sepAfsd 70 believe that the septem-
- report. u anyways near correct,
- be or shQuld b SIS per cent. Never
~ ny life have seen q crop deterior-
l4o IN che entire belt an this one has,
M J predicted II so days ago. We
- Q lot about q big Texas crop.
SNGp y no truth In that state. in
s1rpa particularly Of the Texas dele
Ec.Ion - 20 crop conditions. They
~ 700 much rain, weevils and
ItornA" .f ..I
AfI Ap1 Just In receipt OF a letter
.sem my sob In Denton, Texas, and he
80 that In many fields where he has
e,en ieto 90 acres would not make
n Nle Of cotton. on account of the
Veeyn and ths boil worm.
; "a want the cotton producers of the
,opsh 20 Get 4 out Of their heads that
~ sSe gcluo to make big crop this
3eT. Got on of the hear side OF cot
- and be bull. = big bull with a
hump on your back. - ...
,fAn the cotton states except two
Rtrs repsssentsd At ontgomery, Ari-
|qnA and Oklahoma being absent. The
port va unanimous from all the
,eees that deterioration was greater
y en hAA ever been known and that
~ oovSrnmeut estimate was too high.
Nont 20 cay 70 the cotton farmers
l9o. 20 these who have 1919 cotton,
Just ait steady In the boat an6 you
gql seo cotton 90. very much higher
'An Y has been yet. The great big
e0tod bears OF the world are now