Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1920-08-25


these measures which enabled the
South to capitalize its resources,
the bank deposits in the South
have increased 900 per cent as
against the. Eastern and Western
sections increase of about 300
per cent. These measures SPELL
ed the financial emancipation of
the South.
While the Federal Reserve
Bank measure was pending,
realized that for the Act to have
direct benefit for the Agricul-
tural classes, agricultural paper
must be recognized the same as
commercial paper and that. six
months time should be given
that paper as against the 80 days
given commercial paper. 1t takes
six months for the farmer to
produce an asset to meet his
liabilities and any shorter time
thar this period given his paper
was a mockery of him. l intro
duced and secured the incorpora-
tion in the law my amendment to
Section 13, whereby agricultural
paper is made the basis for the
issuance of Federal Reserve notes
andis given six months discount.
While Chairman of the Immi-
grafton Committee of the Senate
I introduced the bill and led the
fight which resulted in the pas
sage of the Smith-Barnett 1mmi-
grafton Law. This is the law in
effect now. 1t was, by far, more
restrictive than even its best
friends thought possible to ac-
complish. l believed then and
believe now that the influx or
undesirable immigrants to Amer
lea was a source of danger to
American labor by the competi-
tion of ignorant foreigners, used
to a low standard of living. Fur
thermore, l believe that the class
now coming in is doing much to
undermine the principles and in
stitutions of our government. l
am always anxious and eager to
push and support any bill which
only lets the desirable immigrant
come in and leaves America for
Americans.
By virtue of my service in the
senate / am now at the top of
.sevearl very important commit
tees, among them the Committee
on Interstate Commerce and the
Committee on Agriculture, and
with the coming victory of the
Democratic party, if | am re-
elected, will be Chairman of
the Committee on Agriculture.
the committee which controls all
appropriations and measures per-
tanning to the agricultural inter-
ests of the nation.
A. study of my record and ac-
complishments will disclose that
l have been responsible for much
economic legislation and that if
all tends to giving every section
a fair show and prevents the dis
elimination of one of the sec
tions against the rest of the
country by cruel and arbitrary
laws. 1t is by virtue of some of
these laws which l have had
passed, that the South has been
enabled to partake so large
measure of the prosparity enger-
dered by the war.
have served the people and
my party with a zeal and fidelity
since my election to the senate.
By reason of the wisdom of the
South IN keeping its men in the
senate, have committee appoint
ments and the high rank therein
which could not be secured.other
than by long term of service.
These places would be lost to
South Carolina by a change at
this time. The time is approach
ing when the fight is to be waged
by the Republicans and other
reactionsries to return to the
pre-war and pre-democratic ad-
ministration of the financial sys-
tenn and the conduct of the gov
ernment for the special interests.
l have experience in the senate,
| have friends, / have influence
and l am in position in this
crucial period to render more
effective service to- the people
than have ever rendered. Ex-
perience and training are great
assets in politics as well as in
business, and every man, farmer,
banker, merchant, lawyer and
laboring man is paying his money
for service in the senate, and
am in better position to render
satisfactory service to my con-
stituents than any of my oppo-
nents, however able they may
be.
In conclusion, / wish to call to
the attention of the voters of this
State that out of our present del
egation to Congress, two sena-
tors and seven Representatives,
Ialone am FARMER, the 9TH
ers being professional men, and
of those gentlemen now opposing
me, / alone am a BONA FIDE
FARMER, they also being pro-
fessional men. Surely the agri-
cultural interests of this State
are entitled to one representative
out of nine.
E. D. SMITH.