Fitzgerald leader enterprise and press., 1921-08-15
STATE WIDE POULTRY SHOW TO BE- STAGED HERE
NO TIME FOR GLOOM
SAYSCOTTON EXPERT
Jack Oliver, Former Georgian, Now
Head Of New York Firm. Tells
OF Trip Thru Cotton Belt

ATLANTA, Ga. Aug 1s-Declar-
ing that this no time for gloom-cot-
ton will surely sell for IS cents. Jack
:''ver, former Atlanta newspaper
man, now head of prominent cotton
tlrm on Pearl street in New York
C1ty, tells of a tour of careful investi-
CATION throughout the important por-
ton of the Cotton Belt.
Mr.. Oliver was not content with
visits to the larger towns and cities.
so rode many miles out into the rural
sections and discussed matters with
big and small farmers a1ike-he sat
on rail fences, he says, and listened
attentively to all that "Silas Home
spun had to say, whitfield stocks out
in front of cross road stores while
being regaled with the opinions of the
Village Oracle, quizzed small coun-
try merchants as we'll as the larger
ones in the cities, and discussed fund
amentals at length with prominent
bankers and manufacturers.
Frankly, says Mr. Oliver. he heard
not one hopeful or cheerful note. To
use Mr.. divers own words, There
was not single rift in the clouds of
gloom. Despair stalked broadcast.
The wartime symphony of prosperity
and content had been turned into
jazzy jangle by yelping yawkers-a
jaundiced yellow of pessimism had
superseded the recent roseate aurora
of abundance. The poor house was
getting nearer each day, each hour in
fact, the country sheriff was bent un-
der the weight of attachments, while
court house doors were inviting1y op-
en- to bankruptcy proceedings. 1t was
indeed an indiscriminate, awe-inspir-
ing, illuminating indulgence in an in
iquitous indigo-hued industrial and
commercial attack of acute indiges-
ton. Fortunately, however, these
things were purely imaginary"
But Mr.. Oliver, as he declares.
found the things he speaks of purely
imaginary and he then prSsesds to
paint a very different picture.
LET us see how poor-or rather
how rich this country really is'' he
continues. Gas a nation we are worth
two hundred and twenty-five billicl
dollars, We have three fifths of all
the gold in the world, and gold is
the basis of credit for nations and
individuals alike. In our banks there
is more actual money than in all the
rest of the banks of all the civilized
countries of world combined, Pom
der well over this fact. No other
country compares with our own in
quantity and quality of raw products,
cultivated and cultivatab1e area: our
water power matchless. We have
greater and more efficient amount of
manufacturing facilities than any 9TH
er country, or several of them togeth-
er. Then, considering all of these
wonderful advantages, why should we
be in the dumps now?
A.! in the world this county needs
now, declares Mr.. Oliver "is the
loosening of the bankers purse strings,
He shows, along with many leading
newspapers and business men. that
the farmers need not charity but the
credit. The cotton they are holding
is excellent security. 1t is a needed
crop; artificial financial conditions
cannot hold it off the market as
sworthless product forever.
Truly it 1oks at the moment as if
the amount of cotton on hand thru
out the world around December 1st.
will be the very largest in all history.
Facing such a situation if we were to
employ only logical deductions as
though normal conditions existed. it
would be easy to figure out how and