Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1923-04-17


"You have advantages enjoyed by
no other country when it Gomez 70
producing cotton" he said. But
Won must put your backs into it.
You must put into cotton produc'
ton the best brains and energy you
have. Otherwise, these other cour
tries 1 have mentioned will become
serious competitors of the south in
cotton production. If you will dc
what you are capable Of doing you
can produce enough cotton to sup
ply the world, and produce it cheap
er than these other countries, an
they will fade out Of the cotton pro
ducing business.
Buys From South America
at am now getting large quaint
ty of cotton. from South America
the West Indies, West Africa and
East Africa and Australia. They
are planning to make more this year
than they made last year. They are
going into cotton production On :
very determined scale, under the
stimulus of a worldwide ravenous
demand and high prices.
+'The southern states always have
enjoyed virtually a monopoly of cot
ton production, and this monopoly is
theirs to keep if they wish to keep
it, but they cannot keep it without
the very best farming methods
Wherever I meet my farmer friends
n the south, and L have many OF
them there, I am urging them &c
make their farms self-sustaining to
make cotton a surplus money crop
to limit their acreage and give their
cotton intensive cultivation, to burn
their cotton stalks, and to burn
weeds and other trash in the fields
so that the boil weevil cannot hi
bernate.
"These other countries which
have gone into cotton production arc
doing the job with a vast amoun'
of science and intelligent business
methods. You fellows can beat them
but you've got to work hard, ano
put your backs into it, or they'll
take large slice of your cotton mo
nopoly away from you.
1.-THE British spinners are losing
money. Their markets in EIropf
and the Orient for cotton manufac
tured goods have been badly demon
allied for upwards of a year They
have had high labor costs. C2ttor
has been and still is high. They are
making cotton goods and storing
them, and the carrying charges are
high. They are Obliged to keeT
their mills going to hold their opei
ating forces intact. Otherwise there
likely would be a complete shut
down."
Mr.. Buston was asked what he
thought of the European situation
There's nothing cheerful sin it,
was his reply. "The PREPARATIONS
problem is more political than eco
nomic. BY that 1 mean to say thai
the handling Of it has been politica
instead of economic.
Says French Making Mistake
1.-THE French are making a mis-
take in the Ruhr. Every dollar they
collect will cost them dollar, arc
if they add the cost to the German
| indemnity they will further aggra
vate the acute situation between
France and Germany. We BIRTHS.
hold the view that the Germans
should be handled as Il creditor han
| dies a debtor in the business world
| A creditor does not club his debtor
He keeps his debtor in business
keeps him working and earning
keeps him cheerful.
IL firmly believe q conference
composed Of five f1nanciers of thu
United States, five of England fv,
Of France, five Of Italy, five of Bel
GUM and five of Germany could 81
down at a table and work out to:
reparations problem.
But as long as politicians pl4,
politics with it, the problem vii
not be settled.
THE Germans, I am sure, would
pay if the indemnity were reduced
70 a more reasonable figure"
Mr.. Buston has visited the soutl
so often that he feels perfectly a
| home here. He comes over once ;
| year and makes tour OF the cOttOl
belt, going directly to the farms
and surveying conditions at frs
hand, discussing crop prospect
with farmers. and looking after va
rious investments he has on thi
side, including some oil mill proper
ties in Texas.
He left Atlanta Saturday for Harris
Vile, S. c., to visit a friend VIII
Is raising sea island cotton unde
boil weevil conditions, being one o
the few sea island growers on tn
South Atlantic seaboard who ha
| continued to grow this staple.