The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1921-07-15

business conditions that confront the country, but it takes an
eye that can see away into the distance to discern it.
We are optimistic by nature and by temperament. We have
had the good fortune to get as much OF the halo and sunshine
of the sweets in life than the bitter. We are glad that we think
we grow the more fixed do we become in the conviction that
good predominates in the life of at least IS per cent humanity.
et business situation is man-made,
We have little patience with the man who sings and dances
little patience s@a' With the man nu who ~"" insists that boosting" BOOST w. must y
be done though the flames from the internal regions may be
can stand on the corner and blow a boosting horn while the
town burns, but it takes a man to look an ugly situation square
~ IN the face and to speak the truth about what it takes to deal
verities of the situation must out.
The country is rent from one end to the other. In some locali-
other local cause or causes. There does not seem to be any one
is true OF the United States is true of the countries of Europe and
Asia. -
Finance doctors are prescribing but unfortunately there is
tons.
,o,I G5nfor IT. ELY the party in power at Washington seems as
By the political yard stick; As one Of the results Of the war. the
nurse for big business, is more concerned about aiding what it
both 9TH the C;e"ss sam and Is so-csli led D a5usine : large VINO '0S'""
There is one point about which all agree and that is that
United States until conditions become more settled in England
and more especially France, Germany and what was formerly
for the past two years Woodrow Wilson held this very position.
war, but from that day forward we began to quarrel among
ourselves. Our failure to ratify the Treaty of Peace blocked
given their lives to save in Europe staggering in worse than a
wilderness. 1t appears that it will take more than a year, even
again.
Particularly would we say to the cotton farmer that there is
little in sight to encourage him to think that he will receive any
thing like a fair price for his cotton in the immediate future:
lDanas) News, had a very interesting article in his paper of
July 4, written from Boston. He had gone east to study market
conditions TOR cotton and cotton seed products. Among other
things, he says:
England II nave studied M business On0ltlOO OpOpraIV n
the cotton and cotton seed products situation very closely; have
had very searching interviews with cotton buyers, brokers. spin
ners, bankers and a number of men just returned from Europe,
and regret to say that the aggregate view of all is anything
but encouraging. In the last analysis of my observations l am
that conditions in Europe. especially in England,
cotton producers will iMs to c Continue i N t to hp pLi their al orodu or t ims
The criminal element of the United States Senate
may now behold their handiwork-the world tottering on the
brink Of bankruptcy and civilization imperiled. There is "a
declining to debate and take their losses. The last two classes
in America and Europe. it is claimed by my informants,
for a condition little dreamed of at the signing of the Armistice,
1000 years has been frittered away by our politicians at Wash
ington."
Mr.. Blackwell insists that they can force prices up to a fair
by refusing to sell, but the trouble on that score is, that s5
cen cent ltd Of tt the 81 farmers msn : are in a position where they will be
the farmers take care of maturing obligations at the banks just
The Wall Street Journal is about the only publication that
a oullish view OF the cotton market. 1t submits figures to
.ember to September, there had been nearly on ne'" and . three See
quarter millions less bales exported than for the same period
~ val ooi"o' anu IHdC prior % II war, the CaklngS OF III
American cotton by Germany and Austria were about 800, 900
annually, but that Germany has taken less than 1000, 900
and Austria-Hungaryl less than 500,O 600 bales since April,
1919. This paper asserts that Germany is getting her nearly
5000, 900 spndles ready for export business. The same
Journal ridicules the idea of Egyptian cotton ever becoming a T
erlous competitor of the South's cotton. However, Mr.. Black
he only really bullish people he met in the East.
The above for whatever it may be worth. Our own opinion
that there will be a gradual upward trend of cotton prices,
nevertheless there are such a large per cent of cotton farmers
o tied up with debt, that only so cent cotton could bring ease |
within the next two years. And as the cotton farmer is, so the IL
alance of us of the South must be.
Therefore the only sensible thing to do is to bark back to the
Ways and manners of our fathers by practicing self-denial and
1Ore old time economy.