COTTON ASSOCIATION TO HAVE
CREDIT OF 5 MILLION DOLLARS
Arkamas Organization of Co-operative Growers Secures
Additional Two Million Dollars Through Banks
of St. Louis, Who Endorse Plan
Announcement of the secur
ing1 of $2,000,000 additiona
credit for the Arkansas Cottor
Growers Co-operative Asso
ciation was made by Charles
G. Henry, president of the as
sociation, following a trip to
Saint Louis a few days ago. Of
this amount, $1,000,000 was
promised by the First National
Bank and the other half by
the Bank of Commerce.
The cotton association now
is assured of a total of $5,000,
000 credit since the Little Rock
Clearing House Association, at
a meeting two wekes ago un
anomously voted to extend
credit of $3,000,000 to the as
bank.
This $5,000,000 is practical
ly the amount estimated tmh
ly the amount which it is esti
mated will be necessary to fi
nance the marketing of the
more than 200,000 bales of
cotton belonging to members o'
the association next fall and
insures the association against
any possibility of financial
troubles during the marketing
process. However Mr. Henry
is conducting other negoti
ations for the establishment of
credit so that the Arkansas as
sociation may be in an excep
tionally strong position when
it asks for credit from the U.
S. War Corporation at Wash
ington. While the question of
financing the association’s op
erations already is solved,
President Henry plans to maki
the association’s financial prob
lem absolutely impregnable be
the opening of the cotton mark,
eting season.
“Obtaining this large amount
of credit from the two St.
Louis hanks was surprisingly
easy,” said Mr. Henry. ‘‘In
tact it didn't require 10 min
utes of effort on my part. 1
didn’t have half the trouble
i hat 1 have had in getting a
loan of $50,000 from my own
bank.
‘‘One reason is that W. L.
Hemingway, former president
of the Mercantile Trust Com
pany of Little Rock is vice
president of the National Hank
of Commerce and Mr. Heming
way is always willing to go to
any possible length to do any
thing that he can for Arkansas.
He is intensely loyal to his na
tixve state.
‘‘The action of the Little
Rock Clearing House in grant
ing our association a credit of
$3,000,000 was another big
factor in our favor. The fact
that the Little Rock bankers,
who know all about our asso
ciation, manifested so much
confidence in it, was about all
the St. Louis bankers wanted
I to know.”
—
FAIR AT CALICO
i Calico Rock, June 10.—The
j premium list for the Four
County Fair which will be held
at this place in September, is
just off the press and is being
distributed. The list this year
lamonts to more in dollars and
cents than any yet published.
Particular stress is being laid
on the poultry department,
which is under the manage
ment of Calvert Rodman, cash
ier of the State Rank of Calico.
THE JOURNAL $1 A YEAR,
WHEN IN BATESV1LLE
EAT AT THE
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Quick Service
AT MODERATE PRICES
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H. V. WILLIAMS, Prop.
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J. H. HOLDERBY
The Old Reliable Grocer
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Has More Than Enough Staple
and Fancy Groceries, Meat
Lard, Coffee, Canned Goods,
etc., than he will be able to
use this season and invites the
public who wants the best in
this line to come in and get
the benefit of
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The Very Lowest Prices
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MT. CARMEL NO. 2
*» p o s* u o 9 u » • ■;
Mt. Carmel, June l.\>.—Sing
ing was exti*a good and wel
attended Sunday night.
Mr. and Mrs. Curtis Davi
visited the lady’s parents, Mt
and Mrs. J. R. Marshall Sun
day.
Mr. Ewing Shipman attend
ed the teachers institute a
Batesville a few days last wee!
Little Hodley Hutchinsoi
had the misfortune to fall am
break his arm last Sunday.
Misses Ruby Marshall am
Reba McDonietl visited Mr.
Volena Davis Saturday night
Mr. Walter Reeves and fami
ly came down from Batesvill
Sunday.
Wonder what Rube Lan
finds so attractive in ’Carm
these days?
Miss Edith Marshall is visit
ing friends and relatives a
Batesville this week.
There will be church at Ma
cedonia Saturday evening am
Sunday morning. Everybod;
come and hear Rev. Lewallen
TO THE WOMEN OF
INDEPENDENCE COUNTS
The attorney general ha
advised the Arkansas Leagu*
of Women Voters that the pol
tax may be paid up to the firs
Monday in July.
I want to urge upon all o
the women of Independent
county who desire to vote ii
the August primary that unde
this ruling of the atorney gen
eral, you have until the firs
Monday in July to pay you
poll tax, and it is the duty o
the women in this county tt
pay your poll tax for two rea
sons: First, it gives you a righ
to vote, which right you shouh
exercise: and second. th
amount paid in goes ito th
school fund, which helps ti
support the schools of ou
county.
We have been given the righ
to vote, and in the interests o
our homes and good govern
ment, we should take advan
tage of this oportunitv. Womei
are already occupying place
on the schol boards throughou
the state, and it is the objec
of the League of Women Vot
ers to co-operate \4 the genera
welfare and uplifting of th<
state, and voting is one of th<
ways in which it can be done.
Do not fail to pay your pol
tax and vote.
MRS. NELLIE TRA VATHE>
Chairman League of Womei
Voters of Independence coun
ty_
BOLD BANDITS ROB
TELEPHONE OFFICE AND
ESCAPE WITH 90 CENTS
Leslie, June 12.—Two mer
Saturday night at I o’cloci
climbed a telepone pole, and
crossing a porch top, enterec
a window of the local Bell tele,
phone in the second story o1
the building. The men, wear
ing red bandanna handker
chiefs over their faces, rob
bed the cash register of its
contents, which was 90 cents
Miss Boyd, on duty at the time
was dozing on a couch in thi
office, but was too frightenec
by the entrance of the burg
lars to make an outcry.
After securin gtheir 90 cent:
the robbers departed by wa\
of the stairs, unlocking the of
fice door, as they did so.
tOR SALE.
New Century Low Dowr
Tank Pump; double action
with 20 ft. 2 in. rubber suctioi
hose. Fittings for iron pip*
or rubber hose. Hand or pow
er. Capacity 2,000 gallons pei
hour. J. 11. Boles, Newark
Ark.
FOR SALE
Two Milwaukee five foo
mowers $55 each.
One riding cultivator $30.
DUVALL MERC. CO
w PAROQUET ITEMS
Paroquet, June 14.—We are
1 having hot weather. Cotton is
looking fine. Health is pretty
s| good.
Mr. and Mrs. Willie Searcy
- are spendin a few days at New.
port visiting friends.
Oscar Linebough made a
i business trip to Newark Sat
' urday.
Mrs. Sterling Johnson of Lo
1 gan township spent a few days
here visiting friends.
Rev .Young of Rosie preach
•! ed here Sunday and will
•preach every second Saturday
-: night and Sunday.
Oscar Wayman made a busi.
ness trip to Newark Monday.
Mr. and Mrs. George McGee
spent Saturday morning at
Newark shopping.
John Parks left here Thurs
1 day for Hot Springs to take
Ihe baths.
C. A. Walls spent Sunday at
* Diaz.
G. W. Yaney made a busi
• ness trip to Newark Monday.
Tonk Galloway made a busi.
ness trip to Newark Monday.
r Charlie Prather of Batesville
was looking after his farming
interests here Monday.
John Alexander of Batesville
i was a visitor through our city
Monday.
Thomas Martin made a busi
ness trip to Batesville Monday.
W. W. Edmondson, candi
date for Senator, visited our
1 city Tuesday.
Whit Martin and Boss Allen
of Newark were squirrel hunt
L ing here Tuesday evening.
MASKED HIGHWAYMAN
! SECURES OVER $200
Thr< e Men Victims of Bold
Daylight Holdup Near Im
t
f
boden Sunday Noon.
Imboden, June 12.—A mask.
i ed man with an automatic pis
! tol held up three men at about
, noon Sfunday in what is known
. as Cedar Brake in Randolph
county just across the river
j irom Imboden and secured
, over $200 in money. From
’ Muge Huffstedler he secured
about $170 the latter reported ;
I from Tucker Mulligan $40 and
from Andy Croft $2.
The highwayman started to
take a horse ridden by Hulf
stedler, and belonging to Ful
more Sloan a farmer here, but
after some entreaty by II uf f
stedler, consented to leave the
horse. No trace of the gun
man has been found.
BERRY GROWERS ELECT
Bradford Association Elects
Officers For Ensuing Year
Bradford, Jane 14.—The
The Bradford Fruit Growers'
Association held its annual
meeting Saturday and elected
the Board of Directors for the
coming year. The new board
consists of L. A. Caliss, R. L.
Steward, S. S. Thockmorton,
L. P. Williams, U. L Hickman,
Jack Bennett, H. A. Whitley,
all extensive growers of straw
berries. Bradford’s strawber
’ lies proved the cream of the
1922 crop, and as a rule
brought a premium over fruit
from other points in the dis
trict.
Bradford fruit growers put
out about 50 acres of Concord
i grapes last fall that are doing
well.
i
. KLANSMEN DONATE
$6,645 TO SCHOOLS.
, ---
Conway, June 12.—A gift j
• of 116.20 by the Conway Ku
Klux Klan mysteriously hand
ed Rev. C. M. Reeves, director
of the school campaign, was
announced as one of the con
1 tributions which brought the
public school emergency fund
to $19,245.50. The gift of the
I Klansmen was in currency and
silver, and was wrapped in
a note explaining its source.
Mr. Reeves found it on his desk
Saturday morning.
Members of the Klan as in
dividuals have given $6,048 to
the school fund, the note said.
The goal of the school cam
paign is $20,000 and it seems
certain that this will be reach
ed. Response of the city is all
situ
more remarkable in view of the
tact that no part of the money
will be required before the
school is opened in September,
the campaign being put on now
in order to give the directors
an adequate idea of the reve
nue for use in framing the bud
get for the year.
The Journal for good printing.
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NEWARK, ARK.
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