The dispatch-news. [volume] (Lexington, S.C.) 1919-2001, 1920-10-20

interests OF the nation, and would ini-
mediately have q beneficial effect
upon the entire commercial life OF the
nation. still Secretary Houston, who
has entire charge under the law. OF
reestabiishing same, will not reestabs
lish the, war finance corporation, and
therefore. the only relief along this
line possible can come through the
! earnest effort of the united agricul-
tural and commercial life of the ma
.tion, in the formation OF export cor
porations. Tine export corporation.
being organized In the South, was in
dorsed in the strongest terms and It
was earnestly urged that the capt.
tai of this corporation should be in,
creased to 500, 100000 as speedily
as possible.
called this agricultural confer
ence in Washington Recognizing that
If relief could be had and q fuller un-
derstanding brought about, this was
the best course to pursue. am con-
vineed that it will result in bringing
wonderful benefits. A permanent or
ganization of q national agricultural
congress will follow. National associa-
tions of marketing associations will
follow. l have exhausted every effort
in my power to secure access to the
markets of the world for our agricu1-
tural products. I am convinced that
the only possible relief to the cotton
farmer of the South and the wheat
farmer of the West, the cattle and
hog raisers of the Middle West, the
dairymen of the North and East, in
fact every line of agriculture and
commerce. nationwide, is the forma-
tion of exports corporations. These eA
port corpoations will form n great or
ganization, through which. coopera-
tive marketing can perfect direct
sales abroad.
~ beg that the people of the South
give careful consideration to the pres
entsse&isting conditions.
Exports Shut Off.
Our exports have been throttled.
Central Europe and vast consuming
country abroad ares unable to secure
our agricultural products. imports are
showing a tremendous increase; cheap
products from the Orient and other
sections where labor, can be secured
from 25 to- so cents per week are pour
ing into America A worldwide cam
paign has been tconducted against the
high cost of living; all of this has re-
suited in absolutely destroying the
llaw&of supply and demand and it can
notabe restored until the channels are
,ssopened and restored The channels
OF tradeswiil not be opened except
throighSour own efforts.
'afhe solution reached by many
tsesms tosbc that the only way to re-
dlice the high cost OF living is to per-
NIT these Conditions to continue This
however. would eventually bring a
/ death blow to agriculture and in-
| sss:siae the high fcost Of living. F.e, ],
From ourspresent cotton crop more
lcotton will remain ungathcred in the
istields than from any crop within the
blast so years We have passed through
live consecutive short crops and this
will be. the sixth, the shortest -of the
six. If the markets Of the world
would open tho matter of sufficient
supply of cotton woul3 be of grave
Eeoncern to the manufacturing indus
ttry, and there would be en- active de-
inand at and above the minimum price
Recommended by the American Cot
ton association. However,. we are
without a market, and it is for this
/ reason that the various lines of agri-
culture unanimously decided to use
j every effort possible to put into op-
cration the necessary means for
preaching markets and il they fail in
tion OF acreage and production ma
/ tionwide that has ever been recorded
Had Stormy Session.
| The conference with the secretary
of the treasury was very stormy at
ftimes 1t being the firm conviction of
I the delegates representing the entire
agricultural interests Of the nation
| that the reestablishment of the war
! finance corporation would be comply
ing with the law: that it was the alb
| sGlutc duty of the secretary of the
treasury to comply Herewith and that
TT would bring immediate relief to
the serious situation facing the agri-
| Culture OF the nation. This Judgment