The herald and news. [volume] (Newberry S.C.) 1903-1937, 1922-01-31

5e arrested if caught, but il five men
put up $50 oa me up CT down on 10
bales, isn't i perfectly legitimate?
Really :sn't the only difference, one
crowd usually plays al night. the oth-
e. from 10 to 3 during the day? Do
we net read Local professionals sold
the market" Professional what? Al
so read, wall street ard the Wal
dorf crowd heavy sellers?' What do
''local professionals. Wall street and
the Waldorf crowd care whether the
producers have clothes or shoes for
their wives and children if it should
intefere with their getting the money?
Is it not one thing to be allowed to
live, another to be allowed to exist,
and the next thing, we'll what?
Why so much anxiety and dope"
about the boil weevil? Hadn't the
farmers better pray to have him dis
tributed around equally? What dif
ference does it make? Are they not
figured at so much per head but in
bulk? What is the difference between
Is million bales at nine cents, nine
million bales at Is cents, eight million
bales at II cents, or II million bales
at II IA cents? Isn't the result prac-
tically the same, just as though you
sold Is cows at $40 per head or 10
cows at SIS per head. Don't say
''the mills are obliged to hedge for
protection?" Why? If mill receives
ali order for goods for forward de-
livery, can't they buy the actual cot
ton? Is there any hedge to it? Isn't
this the truth, they don't wish to car
ry the cotton, it costs money. Let the
farmer do that, they will get it when
necessary and based on the future
price, don't care whether it is up or
down, if market higher will make it
On the future, if lower will lose on the
future, but make it on the spots and
save carrying charges. Hasn't this
-"}ledge" business been great excuse
for many q man who wished to take a
gamble for his mill? and ''5usted" a
lot Of them too Has any one noticed
any special gambling on the finished
product or is it confined to the raw
material the farmers produce? Hasn't
this thing, gotten up by some real
artists, been going on for over so
years, about FIVE years after slavery
was abolished, and is it not time now
to allow legitimate supply and de-
msnd fix the price whether it IS 5
cents. 10 cents, 25 cents or 81 per
pound? But how? Could not law
be passed whereby gambling should
not be allowed in anything that did
not exist or ty no possible magma
ticn could exist.
! For instance, if 10 million bales
Of cotton are produced in year,
don't allow 200 million to be gam
bed in. If man had a certificate
say for 100 bales of actual cotton, al
low trading in the actual cotton in ex-
istence as often as desired, but allow
this 100 million bales Of pure imagl-
nation to be gambled in it entirely un-
fair to the producer and fixed his
price? Don't allow anything impos-
sib!e to exist, fix the price OF any
thing actually in existence, simply be-
cause lots cf people wish to gamble,
and it might interfere with present
ARRANGEMENTS. Of course, there are
millions invested, but there is a lot
invested at Monte Carlo and Monte
Carlo doesn't play on the welfare and
almost life of human beings. Conflne
the trading to actual existence and
then stop, even though some might
lose the commissions on more than a
hundred million bales of Imagination.
Have we had actual supply and de-
mand fix the price of cotton except
during the world war when it was a
thousand points higher than this I'M
aginat;on?
Don't we often hear "the farmer is
ignorant, got no sense?' VIII grant
so much if desired and that all the
sense is confined to the towns and
cities are we showing it? Isn't the
farmer the foundation for practically
al of US. our very life, and if we
knock and knock I'LL we knock down
our foundation. will our house not
fall? If the world considers 1t the
correct thing 70 allow local profes-
sionals" or operators : or traders or
whatever they are. Wall street and
the Waldorf crowd, the privilege of
depressing the price of farmers
product TO point Of bare existence
by manipulating a purely fictitious
and non-nvis+in~ product. should they