The Tyler Journal (Tyler, Tex.), Vol. 10, No. 45, Ed. 1 Friday, March 8, 1935 Page: 3 of 8
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FRIDAY, MARCH 8, 1935
THE TYLER JOURNAL
•‘ r-
King Cotton Is Sick! Many Fear
He Will Never Be Himself Again!
(Editor’s Note—This editorial from
The Farmer - Stockman, Oklahoma
farm and ranch publication of March
1, will give our cotton growers and
every other person* interested in cot-
ton some much needed enlightenment
•—and answer, in part at leas't, the
question- “What is wrong with-our
cotton industry?” Read it—carefully).
From President Roosevelt on down,
King Cotton is causing Washington
officials more concern these days than
any other farm er industrial situation.
King Cotton is sick.. The attack may
soon pass, or it may prove to Joe
chronic. Many fear he may never be
himself again.
Almost to the day that the price of
cotton was pegged at 12 cents (by
means* of the 12-cent. loans) other na-
tions began to turn to foreign growths.
Our exports began-to drop>. they are
still dropping.
Exports of cotton for the first six
months of the current cotton year, be-
ginning Aug 1, 1934, add up to ?,-
905,000 bales. For the same six months
of the year previous, beginning Aug.
1, 1933, exports totaled 4,550,000
hales. The ten-year average of ex-
ports for the same six months is 4,-
757 000 bales.
There is the fear that foreign na-
tions may go to somewhat extreme
lengths to make themselves indeperd-
nt of American cotton. When consum-
ing nations delayed their buying last
fall their action was readily under-
stood. Foreign cotton was cheaper
than our cotton. Rut it was expected
they would be forced into our market
before now. For this reason pur ex-
port of cotton in January, when only
4f>0.000 bales went abroad, was dis-
appointing. We have full reason to be-
lieve, however, that other nations must
cotno into the market with inereased
purchases of our cotton during the
remaining six months of the cotton
year.
When exports began to slide off last
summer we were assured by C. A.
Cobb, chief of the cotton section, AAA,
that wc were in no danger of losing
our foreign market. In effect, we were
told that we could raise the price of
cotton above the world price and still
sell as much cotton as ever. Only those
who believe in fairies took that state-
ment to heart.
So closely is the economy of the
south interwoven with cotton that any
loss of market? which, may be traced
to the AAA program takes on at on'cc
a definite political significance. The
situation is acute enough that the
president is giving it his personal at-
is taking 'two stons-
iffs to admit goods now produced in
this country, which would result in
further unemployment for at least a
temporary period. Each industry af-
fected. together with all employes,
will tight to the last ditch. .....
~4*If Oscar Johnston is right (we can
regain our markets by ceasing all ef-
forts to, peg the price. This means we
must erect no artificial barrier to the
export of our cotton at the prevailing
World price no matter what that- price
might be.
Involved in the situation is tbe Jeal-
ousy existing between nations. It is
-to the selfish interest of other nations
to encourage cotton production in oth-
er ^countries in order to increase the
total supply and thereby to reduce the
price. Involved also is the urge felt
by nearly all nations of the world
each to become as nearly .self-suffi-
cient as possible. I
The Grower’s Choice
It is recognized by most, if not by
all—though not officially* admitted—
that the lending of 12 cents a pound
on cottonblast fall was a serious mis-
take. The \ction was taken pi good
faith, for tne one purpose of giving
the farmer a fair price for his cotton.
Officials responsible for the 12-cent
loans did not believe that the world
market would drop below, and stay
below, 12 cents. The year before they
made 10-cent Iosifs on cotton and got
away with it. 1
To peg the price of a world com-
modity is always so dangerous that
no one should ask or expect the AAA
to do it again. Enough damage has
been done already. To repeat tbe mis-
take this year might so encourage
foreign production .of cotton as to
lose us permanently a considerable
part of our foreign market.
If wo want to sell cotton to other
nations of the world we must take
the world price. Anything done to
raise the domestic price above the
world pried is just that much encour-
agement to expansion of acreage in
other countries. ,
Even the restriction of acreage in
our own country tends to stimulate
foreign expansion. The world price of
cottrm is based on the "world supply
of which our production is around one-
half in total. As we decrease our own
j supply, we thereby decrease the world
supply, which if reflected in an up-
turn in price encourages more pro-
duction in other countries.
Cotton farmers should now he de-
ciding which way they want to travel.
The choice is theirs. They can grow
more cotton to be sold at the world
price, or they can grow less and less
cotton to be sold at an arbitrary
price.
If we stick*' to production control,
such as wc now hovo 'und.er the Bank-
head act, we are almost sure to suffer
th»t loss of a part of our market’. The
greater the reduction in our baleage
the greater will our loss be in total
bales exported.
Tt should b" recognized that produc-
tention. He
First, he is having the state de-
partment to try to bring about an
agreement with other nations 'to limit
the production of cotton on a quota
basis. Reports to date are not assur-
ing Other nations seem to be out to
get the business while getting is good.
(Our effort to do this with wheat
faded.)
Second the president is fendu.g, ^ tro, in one nation, of a wor'd
Oscar Johnson, genera' manngei of, ._ ------- —<
the AAA cotton producers’ pool, to
reduction is required in the United
States to hold down the total world
supply. Thus it goes on and on—at
least tends in that direction—-until
foreign production/is fully expanded.
A, second choice growers is pro-
vided in some form of the domestic
allotment plan. Ur: doit; this plan the
grower gets a certain' price, more or
less arbitrary, for that part of his
crop consumed in the United States,
and the world price for the rest of it.
Most, if not all, domestic! allotment
plans provide for no control or re-
striction in acreage or baleage.
Or, we might try a modified plan
of control, giving up a part of our
export outlet but getting a somewhat
better prj.ee for that which we do ex-
nort. Such an effort, in a way, is try-
ing to play both ends against the mid-
dle. It takes on the aspect of trying
to eat your cake and' have it, too.
The test of time is needed to prove
its efficacy. :
UNION GROVE
-Met
Rev. J. W. Harper of Gallatin filled
his regular appointment at Union
Grove church. He was accompanied
here by Mr. Autry, also of Gallatin.
The young people enjoyed a weiner
roast at Sharp Springs Saturday
night.
Mrs. Ruth Ragsdale of Bell attended
church here Sunday afternoon.
Misses Alma and Leotice Shuttle?-
worth and Pete and Bill Wo rile at-
tended church at Salem Sunday night.
Mrs. I,. R. Reid Entertained with a
birthday dinner Friday, that day be-
ing her 50th birthday. Mrs. Reid re-
NEVER
BEFORE SOCH A
'.SMOOTH SHAVING BLADE
i at this low price!
ceived many beautiful and useful gifts.
Mr. and Mrs. Fred Dunlap and
small son, Sam Allen, of Troup, at-
tended church here Sunday afternoon.
Walter Stoetzel and Miss Christene
Ledford spent Sunday with Mr. and
Simpson attended church here Sup-
day afternoon.
Mr. and Mrs. Jack Hill and Mrs.
Dave Holman of feldckjnfir attended
church here Sunday afternoon.
Mr. and Mrs. Frank Reid andj son,
Mrs. Floyd Simpson at' Wright. Mrs.' Floyd, of Troup, attended church here
Sunday afternoon. »—
Mr. and Mrs. M. A. Worlie hare
moved here fnom Dallas.
Mr. and Mrs. George Dowdy and
children visited Mr. and Mrs. Herman
Shuttlcsworth and other relatives at
Ki'gore Saturday night and Sunday.:
*, ’
Europe to find out what’s the matter.
Mr. Johnson is one of the govern-
ment’s leading cotton experts, and
one of the south’s biggest growers.
Incidentally, he has on hand about
1.990,000 bales of cotton in his poo>
for which a market is highly desired.
We are assured, however, that Mr.
Johnson is not going to Europe to
try to sell this cotton. Instead, ho
will try to find out to what^ extent
other countries are taking, and threa-
ten to take, away the Expert market
of our cotton.
Two developments,of somewhat dis-
turbing nature are already reported
from Europe: .
1. In Rotterdam, plans are being
considered for establishing a cotton
exchange to deal in Brazilian—cotton.
2. The Liverpool cotton exchange
is studying a plan to permit delivery
of cotton in “outside growths.’’ Pres-
ent contracts specify delivery in Am-
erican cotton.
Just whv fl'o we find ourselves in
difficulty with cottdn? Ts the reduc-
tion program at fault? Must we put
the blame on (lid pegged price of
cotton? Or, is it the tariff?
Secretary Wallace feels that the
trouble lies in our high tariffs. Our
tariffs arc so high, he points out, that
other countries cannot sell us their
goods. Since they cannot sell to ua,
they cannot get the dollars wi'k which
to buy from us. Honee, they buy else-
where.
Oscar Johnson believes that the
root: of our trouble lies in the 12-cent
loans; that these loans raised the
price of our cotton above the wo’-u!
level which caused consumers to buy
more of their cotton from other na-
tions.
If Secretary Wallace is right our
trouh'es appear rathe permanent. It
■ will be no easy matter to reduce tar-
commodity, which is grown in and
exported by other nations tends to feed
on itself. As we limit, our baleage of
cotton we tend to encourage more pro-
duction elsewhere. As production is
increased in other countries, offsett-
ing reductions made bjf us, a greater
Vine Martin
School of the Dance
No. 722 W. Houston St.
PHONE 2148 '
NOW!
PR00AK
JUNIOR
4,blades
<40f
Also m Packs*
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because of nccoasity into
the lower-priced razor
blades-my beard suffer-
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comings of my pocket-
book. Now your Probak
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back shaving comfort at
no extra cost.
“E. Eugene Leonhart
San Jose, Calif."
Unsolicited letters like
this prove the amazihg
quality of Probak Jr. Try
this uniformly keen and
smooth-shaving blade.
Get Probak Jr. from your
nearest dealer's — a re-
markable value at 25
blades for only 59c or a
special trial package of
4 for 10c.
Probak Junior ftb all
Gillrttr amt Probak raxon
Try to Equal All Tltete Feature*
for the woman of the house
1. Unequalled economy of gaa.
2. Exceptional baking quality and
accuracy.
3# Insulated Mfresh air" oven, for
a cooler kitchen.
4. Insta-Flamc instant lighting,
no matches.
8. Large roomy ovens and cook*
ing top.
ft. Porcelain Enamel, inside and
out.
7. Oven doors, seal tight, non*
warping.
•• Lifetime Cooking Chart, burn-
ed into oven door lining.
1ST
AN EVENT Unparalleled IN
GAS RANGE HISTORY
"H
_.—*
«-i i
Burners not affected by boil-
overs.
Top burners brown foods •
ly over
utensil.
ifoods even-
bottom of
for the man of the house
L. Offers the speediest, most eco-
nomical, mo3t flexible, most
convenient cooking service
e'ver known.
New high efficiency burner.
unlimit*
fficiency
Not one heat; but ai
ed number.
Unit construction of burner
and top prevents wasted heat.
Silent in operation.
Valve—non-
New Econo-Trol
sticking, grease-less.
Slide Broiler and Asti
gril will
be fried.
Inst a -
lighting—no matches, no but-
ton to push.
In.ita - Matic FULL AUTO*
MATIC Time and Tempera-
ture Control—cooks a whole
meal while the wife is away
from home.
O.st-ircm
frame-work.
1'K*.
reak-
-' don’t take our word * f
come and see for yourself ♦
It takes two minds to determine upon a purchase, in most American
homes. As a result, we want both the man and the lady of the house to
see the new Roper.
We wanl-both of you to look over the speediest, most economical, most
flexible, most convenient cooking appliance ever known. We want you
both to thrill to its mpderp appearance, styling and performance. And
we want both of you to be surprised at its reasonable cost.
Come in—see for yourself—compare it “point for point”—with any
other cooking equipment.
Convenient terms; and liberal allowance
for your old stove
Ty!er Gas Service Company
Phene Gil W. Ferguson
CLEANER
HOTTER
CHEAPER
"M
MAYO BROS.
New Spring Cottons
BRIGHT NEW COTTONS IN A RIOT OF
NEW COLORS, AND LOVELY DESIGNS
FOR THOSE NEW SPRING FROCKS. . . .
FREE
J. R. HENSLEE
Watch and Jewelry Repairing
STANDARD JEWELRY
Swan
BUVCK-DRAUGHT
“Such a Good Laxative,” Says Nurse
Writing from her homo In Fes-
ttis, Mo., Mrs. Anna LaPlanto says:
"I am a practical nurse and I rec-
ommend to some of my patients
that they take Black-Draught, for
It Is such a good laxative. T took
it for constipation, headache and a
dull feeling that I had so much. A
few doses of Black-Draught—.and1
I felt just fine.”
Became to many people know from
wed II that Thedford’a Black-
I, a food, purely vegetable laxa-
tive, millions of packages of It are sold
having used
Draucht la a good,
.y
£
Examinations
and estimates
cheerfully
given.
ONE-DAY
SERVICE
" To Out-of-
Tmvu Patients
North Side Square
$20 Plates .Now
$10
Bring This Ad for
These Prices
Fillings up
from . $1.00
Gold Inlays $5.00
Gold
Crowns ... $4.00
Tee fit
Cleaned $1.00
Tyler, Texas
Hsnm
ROSE GROWERS have found that Heart Brand fertilizers give lies'
results. We beiie.e that more Smith,county roses are grown with
Heart Brand than nil others.
HEART BRAND FERTILIZERS
have always been NfJN*ACID FORMTNG. They sweeten your soil at
/ the same t>me they increase yields. They go to work quicker and
stay on the job longer, Extra crop-producing power at no extra cost
.Tyler Fertilizer Company
420 So. Oakland AVe. PHONE 1010
* . +
lhi'illi'tilititrWfl1i linin' *■ ..
j;,.
COTTON PRINT, 3 6
,inches wide, fast cojprs,
Smew spring patterns.
SEERSUCKER,
In plain and novelty
prints.
15c
39c
YD.
QUADRIGA CLOTH,
An 80 sq. print in a va-
riety of new colors and
patterns.
22c
Yd.
DRESS LINEN,
In new pastel shades for
spring.
I
d
75c
YD.
LOVELY NEW SILKS'
39 wide. Novelty
spring prints.
$ppg7 sjji"tig prints. yd.
r'—7"
Caldwell, Hughes, DeLay & Alim
—i
M
TYLER, TEXAS
j J - *
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Edwards, Henry. The Tyler Journal (Tyler, Tex.), Vol. 10, No. 45, Ed. 1 Friday, March 8, 1935, newspaper, March 8, 1935; Tyler, Texas. (https://texashistory.unt.edu/ark:/67531/metapth619637/m1/3/?rotate=90: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Smith County Historical Society.