The Dillon herald. [volume] (Dillon, S.C.) 1894-????, 1921-10-06
FAVORS NATIONAL
PAY UP CAMPAIGN
Advises Farmers to Sell ut Least Il
Part of Cotton Crop-Othcr
Points.
Wilmington Dispatch.


SO interesting was the article bv
w. ). Jonees, manager of the credit
department of the Virginia Carolina
Chemical company, on getting back
to normal conditions" as reproduced
In this paper from the Jackson Pro-
gress-Argus that request has been
that it again be printed so that those
who failed to read same before may
nave another opportunity. The article
is as follows:
Or all the suggestions made to
bring about the restoration of normal
business conditions none is more
timely than that of a national pay
up campaign. Such movement. if
put into effect throughout the coun-
try, would help business and relieve
conditions wonderfully. 1t would be
the electric spark needed to fire the
fabric of the nations business life.
The wheels are locked. They have
been locked for months. Nobody has
paid anybody else Credit has been
extended to the limit. The country
has done all the business on paper
that it can afford to do. Some ready
cash is needed TO unlock the wheels
and start the procession to moving
The south learned a bitter lesson
these past IL months. While Texas
and he states west of the Mississippi
river sold their cotton, the eastern
belt held. The price fell from 40
cents to 10 cents The banks loaned
money to their capacity. They even
strained themselves to accommodate e
the farmers who wanted to hold cot
ton. Even now the banks are loaded
with cotton paper. The merchants are
carrying thousands and millions of
unpaid claims on their books.
Nobody who cares anything about
his reputation can afford TO give ad-
vice about holding or selling cotton.
Naturally, in the face OF a short crop,
the growers want all they can get
for the staple. On the other hand, re-
membering the lessons Of the past
season. it seems to be the part OF COM
mon sense to sell at least a part OF
the cotton crop and pay up some of
the old debts.
Once a debt paying campaign i.
started 1T will have far reaching ef-
feet on all lines of business. Like q
stone thrown in a pond, the waves
will reach the furthermost shores of
ONoihSSS. Will u. Inc
wheels will be starred to moving Bet
tier business will result Everybody
will feel the stimulating effect. The
depression will be lifted and we will
be on the road to normal conditions.
One thousand dollars turned loose
in Jackson would settle many debts.
From sunrise to sunset the money
would travel, performing the useful
mission of making easy many who
are now hard pressed. a half million
dollars would settle still more debts.
The 5000 or more bales of cotton
held in Butts county. together with
the 1000 or 5000 that will be made
this year, at 20 cents a pound are
worth more than a million dollars
The seed will add thousands to this
total. The farmers and business men
of Butts county are to be congratu-
lated that they are in such fortunate
circumstances. When this cotton Is
sold ii will wipe out many old scores
There is no doubt about it the two
things needed to put business on its
feet in this territory, are first, debt
paying campaign and second, a buy
ing movement. Put these two forces
ito work and everybody will soon be
happy and smiling and business will
b. well on the road to normal.