Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-02-20
BORROWING FACILITIES
MUST NOT BE: USED BY
GOVERNMENT SANDS
(Continned From first naScD

ttoct!nucG lnNl - !-'7',l
nIences. " expect u..:'sH 10 '"n-
tally sound. and when farmers sell
their cotton and pav all OF par. -
their debts. trade will become mora
active. Much deAsls Gp@n ~, ~.
by ,diivldine his nG.tal,. 50. ,ha, the
will noI Il" q surplus o:'cottpn II"
should raY his dcb;s with cotton M
live Mt home The bankers and
mcr chants will make those farmers
who do rot see i; t2C themselvc.. re
alize that this Is best for him. Las
sons OF economy have been learned
which should be Of great NJ u"-
ness PRINCIPLES close supervision OF
customers aud smaller cotton acrssyc
should Lead 70 prosperity.
Another able man from South Zero
lima starts off rather psSliniStic0llH.
"Our people have been spoiled by
high prices "" are IN woi:d Of
plcrty-yct We are hard w Il Is
MOI the lack az money, as many Of
our people think-th.t Is tIeerin..
pricns down hut 1t Is tn. lack +
confidence in these s'il aDnJrmaity
hieh-priced commodities that is
Keeping the people from buying. In
my judEmeut the world has vnoIGh
cotton 10 last IL two years We ais"
have a surnlUs OF other comm cditisa.
Prices viii haN" 10 come down 10 a.
tract buyers, then CIR Drople Win
commence to practice caun"my and
go TO work. Many a"D.., thiuk cot
ton viii advance aNt we VIII yet
come out on this cr'p. do not DC
lieve II. Farmers vii cot sell on an
advancing market with the large
surplus II viii ne maud TO nud pNr-
chascrs 1T present prires-so we viii
have 10 Iuurkei this crop very sluNViT.
or take q mucN lover price. and |
am not 50 sure but mas We viii haE,
TO do both EuTopr's Purchases dur
he e. - a. o.. . H,
those people hre nOt cong 10 1ut
r.ore than they can pay forth 50
know how 20 deny Themselves. amt
are thrifty Argentina was narf 1T
work hHulirg her wheat wool. sugar.
etc. 10 scaports, getting Them reaiy
to transport. whi!c W" were stori4l.
ours in barns As soon as the war
ends. she makes ARRANGEMENTS with
getting rid OF surplus Immediately.
we misjudged Eurou.'e ability 10
feed and clothe herself so chcanly.
Our farmers are still supplied with
everything needed, and fear thcv
are going 10 plant large acreag. or
cotton ana tobacco.
Quotes From Letter.
The merchants ard banks have
ger of the farmer using uD the pro-
ceeds OF his crop and letting his
creditors wait-th,s is a had s!tua =
tion. and means that collections vii,
DC very STOW. "lN alrI|I your
hearers will not like my report. but
IL is true as see It"
A letter from a tobacco dealer i'm
Eastern North CarolirU--a gcntIcnnr
who had had excellent opportuniiy
to judge conditions. both here and
abroad.
II must confess, business has no,
opened up as yet as we had ri.ht
70 expect. The exchange situation
has delayed II. They cannot af;c-.
to pay In American dollars when thei,
money IL so far below par CsneIisf
POUNDS sterling have advanced iron
3.3h November 20 to 3.7s January Pr
with exchange improved ana III.
peace treaty settled / believe foreic,
countries VIII buy our tobacco an,
COTTON our people In all walks q,
life realize the situation ana nay. az.
their faces stendfns,iy To overcorn.
the dificlssfes.; The farmer viii, re.