Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1921-11-23
Gloomy Outlook, High FL
nance, Higher Criticism.
iitor Edgefeld Advertiser:

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Editor Edgefeld Advertiser:
The wailing of the South has come
Ito us and we can not help but smile
to think that your folks should have
the audecity to accuse US of being
responsible for their distress and
poverty. We are not concerned about
fother people. Our business is high fl
nance and we never let an opportu-
nifty slip to turn5the millions, floating
around, our way. If we can't one
way we will another.
We know your people say a great
many hard things about US and for
The most part what they say IS true,
Bbut it is time for them to learn that
financiers do not belong to that soft
hearted religious sect that you have
clown in Dixie. Our motto is Make
Money Regardless of the Conse-
Squences." If the farmers of the South
are idiots enough to plant and make
cotton at cost of 80 cents to S1.00
s. pound and tie. themselves up with
debts and are forced TO- turn loose,
sheir cotton at Is or is. cents a
pound, it is not our lookout, and If
we could and we can, squeeze him :
little harder he would have to sell his
Cotton for cents a pound. We pre-
sumo there is not one farmer out of
|ashundred that knows anything about
Ia combination between we specula-
fors. and the cotton mill people of
America and England. We buy their
cotton for them and save them many
many millions dollars that would 9TH
.erwise go to the rugged barefooted
Ihungry-mad farmer. Your people
may, and no doubt do say, such ras-
3cality should not be allowed by a
christian nation. Now if you please
leave out that word Christian. Fash
ionable religion and higher criti-
cism recignize the fact that money is
the greatest power on earth and we
folks that belong to the fashionable
churches have smart preachers who
Belong to the higher, critic set,
preach what we enjoy, viz, the sur
ivival of the fttest.
taink it aBeEonss to, point out
a few things to your readers that.
they may think some while they grow
.el. AS we said above, the ignorance,
or rather the stupidity of your people
is amazing. You remember just prior
to the September condition report of
the cotton crop, we knew it would
be bullish and it was most excel
lent opportunity to pull down the lit
tie change that remained in the pock-
cts of the gamblers cf the South. We
spent a few thousand dollars in pub
locations, circular letters, popular
dailies and other mediums, stating
that the cotton situation was alarm
mig, that there would not be enough
cotton to last the mills longer than
the first of June, 1922. Belgium had
moved up from quarter to half time;
France had many mills running full
time; England and America had more
orders for goods and yarn than could
be filed, running night and day, and
that a cotton famine was staring the
world in the face. Well, the boys
took the bait and we hooked them
proper. We hear that some of these
suckers think of reporting the mat
ter to congress, another bit of stupid
ity. Don't they know that we are
miehtier than congress? Do they not
knowrthat there are laws on the Fed
eral Statute books against trusts and
combinations of any and all sorts that
are not worth the paper they are
written on? Meat, leather, shoes, to-
bacco, cloth, clothing and every 9TH
er manufactured product in the world
in an iron ribbed combine? We hear
of many farmers leaving the farm be-
cause they cannot rake living on
account of depression in prices of
farm products. We admit working
for nothing and feeding ones self is
ia hardship.
We remember several years ago,
Rome was the greatest country in the
world because her people were the
greatest agriculturists. Money con-
centration and deAation of prices of
farm products brought Rome down
on a parity with third rate nations.
We sometimes think we fnanciers
oro oorrv;nu thinpS a little too far