Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1921-07-22
Scraps md Gaets.

5409,000 bales worth SbUu,Uuu,uou, aS
against G.915,000 bales worth ST.
3ST,O00,00 for the previous year
and for the month OF June the
exports totalled $4,000 bales worm
S30.5l9,OO0 against $1,000 bales worth
$50,OOO, 900 m June Of last year Cot
Ton seed oil exports totalled 273,00O,-
600 pounds worth 31.O00,000 compared
with $4,000, 900 pounds worth S36.OO0,-
900 for the previous year and 14.000,-
600 pounds worth S1000000 against
1000. 900 worth S20,000,00O for the
corresponding months OF June. EN.
ports of breudStuffS were valued at
81 OH 100000 against $S0S,0Go,OoO the
previous year, figures FOR the month
of June being. $6S,oOo,ooo as against
$S1 100000.
Miami, Fla, July 10: Philip E. r.
win. white pastor OF st. Agnes Epls-
copal church, colored, was tarred and
feathered Saturday night, boarded Il
train here this afternoon Tor New
York. Still defiant. he declared he
would not leave the United States.
as he was warned to do by
his kidnappers. under penalty Oh
lynching Twins decision to leave
Miami came after conference toCaH
with Bishop Cameron Mann. presiding
officer of the South Florida district
of the Episcopal church, and city anu
comfy authorities. In statement
before his departure Irwin declared:
"I am leaving Miami OF my own volit
tion. although | haye been offered the
nrotection of local authorities and the
Rritish Vice consul. believe it would
be best for all concerned that ! leave
on account of the intense feellne%sllr-
red 10 against me by reports that
had preached social equality and IN
,termarriase Of the races, despite the
fact that hese reports are false.
e THE city and county authori-
ties told me plainly that probably
would be Killed il | remained
Washington, July 90: Existing
credit machinery of the government
will be used for the present IN inc
making OF cotton loans, treasury OIL
ticials said today without the creation
Of supplementary cotton loan fundS pE
nrivnte organizations. In announcing
last night that further credit would be
extended for the harvesting ana
marketing of the coming cotton crop
in whatever amount is legitimatcly re-
ouired the Federal Reserve System au-
thorities said credit would be extended
either directly through member banks
or indirectly through non-membef
banks. AT the conference OF governors
of the five Federal Reserve banks III
the cotton growing sections OF the
country yesterday with the FedcrhI
Reserve Board, Governor Strong, OIL
the New York bank ana representa-
tives OF New York member banks, 'o!d
the board that establishment of cot
ton loan fund by commcrciai banks
throughout the country was consider
tl.;. n m
inadyisable The New York bankers.
declared, however, that if tile facilities
of the Federal Reserve system and the
war Finance Corporation should prove
Inadequate they would cooperate IN
the formation Of cotton loan iund 10
whatever amount thought necessary.
The policy of the Federal Reserve Sys-
TEN ON cotton loans during the APP
preaching marketing season was lie
cided at the conference and state
ment issued which gave assurance or
ample credit for the orderly marketing
Of the crop.
The total government expenditures
during the fiscal year just ended
dropped Off bv $4,000, ,G00,000 rs com
pared with last year. representing
decrease of $l,3S7, 100000 ordinary dis
bursemcnts and 4 reduction OF S'.H16.-
100000 in payment on the public dent
according to the annual statements is
sued Tuesday by the treasury. Ordi-
nary expenditures for tho year
amounted to $5.115,927.GS9 compared
with $G.4O3.3I3.Si1 for the fiscal year
of 1920 while disbursements on the
public debt totallcd $9,1S2,02T.lT9 as
against $l7,O3S0S9723 in the previous
fiscal year During the past year Or
binary expenditures were heaviest IN
the month of March when $53G,ATG,-
ego was expended. and public debt
disbursements were greatest IN June
when 81 500. 81 G.001 was applied on the
national debt OF the ordinary eX-
penditurcS for the year the war de-
partment led with total at Sl.l0l,-
600, 900 representing reduction OF
$500, ,0OO,OO0 against tho previous year.
Interest on the public debt was the
second largest item. amounting to
Sg9g. OOO. 900 Il drop of $21 100000 while
payments on account Of federal con-
troll of the railroads ranked third in
volume with $T30.000.000 representing
q decrease of about $500. .000,Ou0. or
the public debt disbursements Tor inc
wear SS,552 100000 was applied TO Inc
redemption of certificates of lndeh'ed-
ness, Il decrease of about S3.00o.U0o,-
600 as compared with the previous
year while the next largest item WAS
S431 600. 900 in liberty bonds and VIC
tory notes retired. representing de-
crease of about $I62 100000.
- Governor Harding of the federal
reserve board with the approval oi
Secretary Mellon has asked congress
TO investigate the operations OF the
board and the reserve system ana
Chairman McFadden OF the house
banking and currency commute" late
Tuesday introduced resolution 10
carry out the request. The invcstiS'l-
1ion proposed would embrace every
detail Of the activities OF the board,
it's II banks and its branch banks over
1.-The period of dpflatiun' or about IN"
last is months, according Ia Mr.. Nc
Eaddcn. He said. if the house ap-
proved Of his program. he would
tackle the job Immediately. taking IN
what lc described rs mess oi
charges and accusations of dl"crimln-
alton coming mostly frosn the south
and west '1hcrc have been number
less attacks on tho board and til"
banks" he said. 1T is my idea thai
if there is truth in them, apfnoprlal"
LEGISLATION Shuuld follow and II they
mr.. eruuudl...;S then the board most
certainly is entitled to Il clean bill. At
any rat" the Inupl" should know me
truth" Mr.. Mcf'a'ldcn said thai his
resolution proposed To irin% forth IN
explanation of the bnHrdS rulings, IiS
Interpretation Of the laws under which