Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1921-11-01
Straps and fafts.

declared tnaJ all SlTlheIS VIII nav WV
lated the order would be classed as
"outlaws" who had voluntarily re-
moved themselves from the protection
of the transportation act.
The American Cotton association
in annual convention at Birmingham,
Ala, unanimously adopted IL resolu-
stion urging that the farmers or the
south do not in 1922 increase the
.aereage planted in cotton in 1921.
FThe plan urged in the resolution car
ries irto effect the same plan adopted
for 1921, which resulted in the cut
ting of this years acreage to about
A26, 100000 Members of the committee
zon acreage control and diversification
were inclined TO favor this policy as
q permanent one. This means that the
south will be asked to do in 1922 as 1t
did in 1921 and, II this be done acre
cage of next year will be the same as
athat of this, which was a decrease OF
1854 per cent. under that of 1920.
Dr. The average individual income in
this country, which was $34O in 1910
sand 1854 In 1913, rose to S5S6 In
1913, but by reason of depreciation IN
the purchasing power of the dollar
swas actually worth only 1872 as COM
pared with the income of 1913. Thus
sNyhileE- incomes increased two-thirdS,
Sthe purchasing power of the dollar de-
creased more than one-thEd. a great
sincreasaI in dollars occurred in 1918
Sbut not q corresponding increase in
production, with resulting rise in
ssprices These are conclusions reach
ED by the National Bureau of Econ
omic Research, an abstract of whose
GfindinSs was made public last Thurs
day in advance of the allied report to
ybe published in November. The bu-
Aieau was organized after the war to
help to solve national problems. The
directors include 4. :. Adams OF the
treasury department: John r. Com
mons, University eOf Wisconsin: john
fP. Frey. editor of the International
Moulders' Journal, and Edwin F. Gay,
,presdsut of the New York Evening
Post. NN''
~ Marshal Foch, who is known as an
inveterable pipe smoker, before board
ing the Steamship Paris for his trip
to America made sure that a suffi-
cient amount of his favorite French
tobacco was on board. One of his
military aides has 1t in charge-25
pounds of it. Soon after he was taken
off. the Paris at New York and had
EXCHANGED official courtesies with the
members nof the reception committee
on the tug Vigilant he went inside the
pilot house, lighted his small briar
He emptied it as he approached Bat
ttery Park and put il back in his pocket.
Two hours later when comfortably es-
tablished in his special train for the
run to Washington the pipe was out
again. After dinner he followed the
example of his guests and smoked a
cigar but this finished, the pipe again
came into view, only TO disappear
-whcni the train pulled into Union sta
ton. Again at his hotel. the last thing
he did before going to bed was 10
ttake rao few more puffs. DR.. Paul
Andre, his personal physician was
right when he said: The Marshal
doves his pipe
No additional legal tender notes
should be placed in circulation by the
government at this time, according 10
an opinion expressed by Secretary of
the Treasury Mellon in a letter TO
George NJ, TraylOr, Atlanta capitalist
Sunday. Ip the communication when
swas released for publication tonight
the secretary declared that II the
treasury were to issue fiat money or
place money in circulation in excess
of business requirements, unfortunate
conditions would result. In a letter TO
President Harding which was referred
10 Secretary Mellon, Mr.. Traylor suG-
sgested among other things that addl-
Htional legal tender notes be issued by
the government and that these notes
be offered to holders Of government
bonds at par. He made ScNeral
recommendations for expansion ol
currency and asserted that he believed
a maximum discount rate OF per
cent should apply To all federal re-
serve banks Secretary Mellon stated
that he opposed reduction of discount
rates for federal reserve banks TO
per cent. on the ground that activities
of the situations would be restricted
so as to defeat the purpose 1or WHICH
they were organized.
PAYMENT of the soldiers bonus by
the war profiteerS was demanded IN
the SENATE last Saturday night by
Senator Reed, of Missouri. Mr.. Reeds
speech brought to a dramatic close a
day of little accomplishment in the
consideration of the pending compro-
mise tax: bill. to which ne had offered
the bonus bill as an amendment. His
amendment provided for the restora-
ton of the excess profits tax, eStl-
mated 10 raise S450,00O,OOO, to create
a fund for the payment of the bonus
Threats of Republican, leaders TO table
the proposal and thus cut off debate
were not carried out. Action on the
amendment was deferred. Restore
the excess profits" Mr.. Reed demand
ed, "and take enough from the pro-
fiteers who grew fat on profits while
the boys were dying on the battlefield
and Give the soldiers this adjusted
compensation. That will not take one
penny from the ordinary man nor
bankrupt the government, as Prcsi-
dent Harding :,n1 those who follow
him seem to fear" Reed charged that
in Hardirg's letter TO Senator Ere
,linghuysen, of New Jersey, urging de-
10y in the passage of the bonus bill,
the president took the position Of the
gentlemen who not only wish TO post
ponc indefinitely its passage but to
kill the bonus.
Florence, Ala, October. 2S: Dis
position of the nitrate plants and dam
at Muscle Shoals will be made from
a strictly business standpoint and no
other Secretary Weeks tolG large
crowd that came here early today to
greet him 81 came To Muscle Shoals"
said M. Weeks. "to get the facts in this
great government project. | expect 10
spend the entire day with the Cngi-
ncCrs. When ! have asked all the
questions | desire and nave assembled
all the data available | shall consider
the merits of the entire prOpoSl-
tiOD from a bu%ineSS NicWUOint and