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Newark, Independence County, Arkansas, Friday, September 22, 1905.
Vol. 5. No*SAS. ^
__
All Printed
At Home.
DANIEL J. SULLY ON
COTTON SITUATION
He Gives the Farmers Some Good Ad
vice, and Says Cotton Will go
to 14 Cents a Pound.
The Journal is in receipt of the
following1 letter on the cotton sit
uation from Daniel J. Sully, the
New York cotton broker who has
heretofore done much for the far
mers of the South in boosting the
price of the fleecy staple.
Today the whole world is con
gratulating our noble and glorious
President for the wonderful fore
sight he has shown and also the
marvellous courage to do that
which no other man has ever done
by this remarkable achievement,
which all the world now applauds:
he has opened to you the possibil
ities of far reaching results.
It means the open door for your
cotton goods to 400,00,000 of peo
ple.
Your exports of cotton goods to
China have fallen off at least 35
per cent in the last two years. The
United Kingdom has increased her
exports of cotton goods at least
100 per cent. < )ne hundred mil
lion dollars' worth of cotton goods
have been exported to China the
past year by the United Kingdom.
Do not let Europe take s,oo0,
■000 bales of cotton this year be
fore you get your 4,500,000 bales.
For the highest conservative esti
mate is not more than 11,000,000
bales.
VTO THE PLANTERS OF THE
SOUTH.
It rests with you to decide the
price at which the present crop of
cotton is to be sold. You have
shown your ability to combat the
combined influence of the largest
crop of cotton ever raised, and the
united attacks of bearish specula
tions in all the future markets of
the world. If you can get lo cents
for a crop of nearly 14,000,000
bales you certainly can get the
worth of the crop that is many
million bales less.
The crop of last year has already
moved to market with the excep
tion of a few thousand bales.
There is no vast unmarketed sur
plus from the old crop to pound
down the prices which you will
get for the yield of l'.»05 00. Last
years’s crop, according to the re
turns of ginners to the census bu
reau, was 13,60.4,000 bales. More
than 13,600,000 bales have already
been sold by you, with the mills
engaged ahead for six months to
ten months, and in some cases a
year, their surplus is too scanty to
permit curtailment to any extent.
They must fill their contracts, and
the only way they can till their
contracts is by buying the raw
material from you. Don't be dis
turbed by raids in the future mar
ket. Paper contracts can be sold
to an unlimited extent, but they
cannot be tilled unless you are
willing to part with your holdings.
Present crop prospects and the
great short interest among the
spinners of the world do not war
rant cheap cotton, and if you
stand firm you will be able to get
a fair anti profitable reward for
your toil.
COUNTRY RICHER THROUGH
HIGHER PRICES FOR
COTTON.
Whenever the price of cotton
advances there is always a great
cry concerning the harm that will
be worked to the American spin
ning industry. When mention is
made of the possibility of twelve
cents a pound for the staple one
would think this a national calam
ity.
As a matter of fact twelve cents
for cotton brings into this country
immeasurably more money than it
takes out. In the fall of 1903 it
saved the exchange market and
prevented what might have prov
ed to be a panic, It was not be
cause we exported so much cotton
to Europe as the price we got for
it.
THE DIFFERENCE BETWEEN 8C
AND 12C COTTON.
We have exported to Europe
this year approximately 8,700,
000 bales. At 8 cents a pound this
would mean $34s,000,000 that Eu
rope would pay for our cotton.
With cotton at 12 cents a pound
Europe would pay us $522,000,
| 000 for the same s, 700.000 bales.
A rough estimate of the amount
taken by American mills this year
is 4,(300,000 bales. At 8 cents a
pound this would mean an expen
diture of $184,000,000. At 12
cents a pound the amount would
be $27*i,oo0,000. In other words,
American mills pay out $92,000,
<100 more on an advance of four
cents a pound. On the other hand
the increased value of our exports
brings into this country $174,000,
000. Taking it in the worst possi
ble light, the advance in the price
of cotton means an increase in the
country's wealth of $32,000,000
over and abov^the so-called injury
worked to American mills.
Europe will be a competitor for
8,500,000 bales of American cot
ton.
The price will be a secondary
consideration when the true possi
bilities of this crop are known.
European spinners will pay at
least $500,000,000 in gold to the
people of the United States during
1905 and 1906 if they can get the
cotton. Cotton will sell at 14
cents.
CONDITIONS UNPARALLELED.
To this indisputable fact more
than any other is due the rise in
prices of cotton from 7 cents to 11
cents.
These same conditions, now
growing and multiplying in force
day after day, will cause inevita
bly much higher prices.
Never in the history of the cot
ton trade were .conditions so un
precedented as they are at the
present time.
History fails to relate such mar
vellous prosperity as now encircles
the spindles throughout the whole
world.
Not a spindle idle.
Not a spindle but whose capacity
is sold for one year in advance at
prosperity prices.
Not a pound of yarn, not a yard
of cloth for immediate delivery
except at premium prices.
Kvery bale of American cotton
now in sight and every pound of
cotton in the lield, picked or un
picked, will not meet the exacting
requirements of the world’s spin
dles for the coming season.
THE MINIMUM PRICE.
The minimum price of 11 cents
for cotton, as fixed by the South
ern Cotton Association, of Ashe
ville, N. C., is unquestionably
warranted by the conditions exist
ing today, and the Southern Cot
ton Association will soon see the
wisdom of increasing to 12 cents
(continued on page X)
E. A. Hulsey is building him
self a new residence in the north
part of town.
Prof. J. K. Hodges of Tucker
man spent Saturday in town, the
guest of The .Journal family.
Miss Anna French and Mrs. \V.
O. Moore of Oil Trough were in
the city Wednesday, en route to
Batesville to visit friends.
Rev. J. L. Brown of Charlotte
spent Saturday and Sunday in
town and preached some good
sermons at the Methodist church.
E. A. Clark and family of Elgin
spent a few days visiting friends
here last week and attended the
big picnic at Eaves Spring Fri
day.
L, P. Holcomb one of The Jour
nal’s good friends from White
River township, was in town
Thursday evening of last week on
business.
Miss Lucy Lawton has been
sick for the past few days and will
probably not be able to attend the
teachers’ examination today at
Batesville.
Mrs. Henry Holloway and Mis
Amie and Marcus Henry of Elgin
spent Tuesday and Wednesday in
the city, visiting Mr. and Mrs.
W. K. Fausel.
You can buy any yard of calico
in our house for five 'cents, and \
line laces at 8, 4 and 5 cents a
yard that are worth twice thej
price. Fred 1). Whiting Co.
1 he ladies of the Methodist;
church will {rive a box supper to
night (Friday) in the Katton
building, the proceeds of which
will be used for the benefit of the
Sunday School.
'1'. ,1. Selvidge bridge watchman
at Paroquet was in town Wednes
day. He is just recovering from
a prolonged illness, and returned
only a few days ago from St.
Louis where he spent some time
under treatment at the Missouri
Pacific hospital.
For a superior quality of honey,
see Littlefield. This is superior to
the ordinary honey and the ditler
ence will surprise you. Mr. Lit
tlefield will gladly explain to you
how to produce such honey that
always brings a handsome price:
and would also like to show you
his apiary and method of handling
bees for profit. He will pay the
highest market price for all your
beeswax.
F'or Sale—One five room one
story house, one five room two
story house and one eight-room
two-story house, a good well,
smoke house, and barn and one
acre of land with each house.
North of school building. Would
sell one or two of them. I also
have other real estate bargains in
Newark property. If you want
to buy do not fail to see me. T.
,J. Raney.
--
EAVES SPRING PICNIC.
One of the most pleasant and!
enjoyable picnics ever given in'
this part of the country was thati
given last Friday at Eaves Spring
by a number of the local Fanners’
Unions in this end of the county.
An immense crown was in atten
dance and not a thing occurred
during the entire day to mar the
pleasure of the occasion.
State President .1. T. Batton of
Tuckerman and State Secretary
Ben L. Gridin of Conway were
present and delivered splendid ad
dresses on matters of interest to
the members of the Union and the
farmers in general. Prof. ,J. R.
Hodges of Tuckerman also ad
dressed the assemblage along the
same lines. With three such
speakers the occasion was not only
a feast of good things for the in
ner man, but an intelectual feast,
full of good, sound, practical ad
vice to the farmer.
TWO KILLED; 13 INJURED.
Two persons were killed, one
fatally hurt and thirteen injured
by the wrecking of southbound
passenger train No. 5 on the Iron
Mountain near 1 ronton, Mo., Sun
day morning shortly after mid
night. The wreck was caused by
a culvert giving away, owing to a
heavy rain, and two engines and
five cars were precipitated into the
creek. Both engines were demol
ished and Engineer Allen and Fire
man Brown of the second engine
were instantly killed. Engineer
Hays of the first engine was
probably fatally hurt, but his fire
man escaped with only a few
bruises. The train consisted of
ten cars and was drawn by two en
gines. Five cars went into the
ditch.
MAGNESS MUSINGS.
The Ladd-Young Merc. Co. have
moved into their new house.
Will Crow came up from New
port Sunday to visit home folks.
Will Lawhon and family visited
in Oil Trough Saturday and Sun
day.
James Lewis has retired from
the Ladd-Levvis Mercantile Com
pany.
Mrs. K. E. Owens of Sulphur
Rock visited her son, M. 1$. Ow
ens, Tuesday.
I). C. Gibson of the Big Creek
neighborhood is hauling lumber to
build a new dwelling.
S. C. Knight has accepted a po
sition with the Ladd-Young Mer
cantile Company of this place.
J. 1\ Lenehan who has been
teaching school a Pleasant Plains
the past summer, came home
Monday.
Mrs. W. I). Magness is able to
be up again, after several days
confinement to her bed with ma
larial fever.
Dr. F. M. Owens and family
who have been up several days
visiting the doctor’s mother, re
turned to Auvergne Wednesday.
NESB1T-CARTER.
The Fayetteville Daily Review
of last Thursday contained a very
elaborate account of the celebra
tion of the twentieth anniversary
of the wedding of Mr. and Mrs.
W. T. Nesbit at their beautiful
home in Fayetteville. Mr. Nesbit
was formerly a citizen of Newark
and is said to have built the
first house in the town. Mrs.
Nesbit was formerly Miss Mary
Carter of Sulphur Rock, and they
have many friends among the old
er citizens in this county.
THE WEEKS DOINGS n*
AT SULPHUR ROCK N
Short Local Items of Interest Picked
Up at the Metropolis of White
River Township.
Charlie Wright lost a good
horse Saturday night.
J. C. Gibson has been real sick
since Sunday morning. .
Mr. and Mrs. Burk have tukk
right sick children this week.
Mrs. Will Crow of Newport walk
visiting friends here Saturday.
Ur. L. R. Wright, we are sorryB
to say, is not so well this week.
Born—To Mr. and Mrs. W. E.
Self, last week, a line baby girl.
Mrs. Lizzie Vaughan and Mrs.
Ella Pascoe went to Newark Tnes.
day.
Bob Gossit who has had the fe
ver for several weeks is slowly re
covering.
Miss Archie Fetzer of Cushman
was visiting in our city the first of
the week.
W. T. Anderson is having some,
improvements made on his lot in
front of the academy.
Mrs. Charley Mosby and child
ren of Batesville visited Mr. and
Mrs. Knox this week.
Mrs. Tom Kirkland and child
ren of St. Louis visited Mrs. Liz
zie Vaughan Monday.
Madison Gosset, who has been
in Texas some time, came in Tues
day to visit his parents.
Dr. and Mrs. T. A. Bevens re
turned Tuesday morning from
Newport and other points.
Prof. .1. R. Hodges of Tucker
man is visiting his old friend W.
S. Moore and family this week.
Dr. and .Mrs. Marion Owens or
| Auvergne were visiting relatives
and friends here Sunday and Mon
day.
Mr. and Mrs. Joe D. Magness
of Batesville are visiting Joe’s
mother, Mrs. Angie Wilson, this
! week.
Mrs. John Rawlings and Mrs.
! Conner of Magness were visiting
'< friends here the latter part of last
| week.
Rev. C. H. Newman closed his
meeting at Lebanon Sunday.
There were four accessions to the
; church.
The high school at this place
with Prof. W. J. Jernigan as prin
cipal opened Tuesday with good
attendance,
Mrs. Lizzie Waldrip and Miss
Sue Braden attended the camp
meeting at Grays Spring Saturday
and Sunday.
Misses Narcie Rice and Mabel
Owens spent a few days at New
ark last week visiting Mr. and
Mrs. E. E. Allen.
Mrs. Ida Young and children re
turned Sunday from Bat<^p^ille,
where they spent a week with.
George Young and family.
Misses Pearl Morgan, Mabel\
Moore, Mayme McClendon and V
i Lizzie Leggett of Moorefield en
tered school here Tuesday.
I* W. C. Caldwell and Mrs. Flor
ence Grammar were married last
| Thursday evening. We wish them
a bright and happy future.
Mr. and Mrs. Lee Taylor's elev
en-months-old baby died Saturday
evening. It was buried Sunday at> $
Macedonia across the river. The
family have the sympathy of tha
entire community.