Cause of Grain and Cotton Price Decline Probed
Washington lawmakers push for a formal probe into the sharp drop in prices for grain livestock and cotton. Iowa senator L J Dickinson proposes a seven member committee to examine speculators and market manipulation using data from farmers organizations the FTC and the Agriculture Department with a report due by January 15.
MENTIONED IN THIS ARTICLE
Washington, D. C
Congress
Denmark
L. J. Dickinson
Federal Trade Commission
Department of Agriculture
Supreme Court next for bank case restraining Fed Reserve
Atlanta banks seek final ruling after U S Court of Appeals allowed continuance of a restraining order blocking enforcement of a par clearance against nonmembers in the Sixth District. Attorneys say the Supreme Court would be the likely destination if the appeal advances. The injunction keeps the Fed from enforcing the par clearance rule and affects fund transfers and check protections in remittance practice.
MENTIONED IN THIS ARTICLE
Atlanta
Federal Reserve Bank of the Sixth District
U. S. Court of Appeals
New Orleans
Alex W. Smith, Jr
Smith, Hammond & Smith
Beverly D. Evans
U. S. District Court
Federal Reserve Bank
Court of Last Resort
Supreme Court of the U. S
U. S. Circuit Court of Appeals
To the Reserve
Country Hat
State Delays Pension Payments Over Cash Shortfall
The state owes new pensioners about 475000 due to slow tax collections this fall. The last legislature appropriated 475000 to cover these claims, but payments are delayed. Court or county allocations are mentioned, with specific figures tied to Butts county and a new class of pensioners.
MENTIONED IN THIS ARTICLE
Butts County
Sioner
Faith and Courage Needed in Hard Times Say F S Etheridge
Mr. F. S. Etheridge of Atlanta, head of the Atlanta Trust Company and former Georgia Bankers Association leader, urges optimism and national cooperation to weather deflation. He argues for morale, honesty with creditors, and hard work, noting a hopeful crop outlook and the need to avoid despair.
MENTIONED IN THIS ARTICLE
F. S. Etheridge
Atlanta
Atlanta Trust Company
Georgia Bankers Association
Jackson Banks
Etheridge
Progress-Argus
France
Butts County
Georgia Votes Saturday for Bailiffs and Justices of the Peace
Georgia to hold the last 1920 election this Saturday December 4 with Justices of the Peace and two Bailiffs in each militia district. Eight districts in Butts county elect officers. Coody district sees four candidates for Bailiff: W F Flynt J F Maddox J R Pettigrew and W L Thaxton. Results expected Monday.
MENTIONED IN THIS ARTICLE
Butts
Coody
Messrs
W. F. Flynt
J. F. Maddox
J. R. Pettigrew
W. L. Thaxton
Thanksgiving Quietly Observed in Butts County
Thanksgiving day was quietly observed throughout Butts county with all business suspended. No disorder reported. Weather ideal, clear and warm. Many hunting parties and trips to cities for football games. Families held reunions and dinners. Jackson had no program, schools closed, post office and rural carriers observed Sunday hours.
Self-reliant people urged to trust in God
A letter urging courage and faith, reminding readers that God watches over them. It cites Psalm style protection and angels keeping the faithful, encouraging a hopeful forward look, honesty, and steadfastness, signed by F. S. Etheridge.
MENTIONED IN THIS ARTICLE
F. S. Etheridge
South Carolina Bankers Call for Cotton Acreage Cut
In Columbia a unanimous pledge by about 200 bankers endorsed Federal International Banking Co stock, urged a 50 percent cut in next year's cotton acreage, and promised support to win a Richmond Federal Reserve Bank branch for a South Carolina city. Banks should fund farmers adhering to the plan and subscribe 3 percent of capital, possibly 5 percent where allowed.
MENTIONED IN THIS ARTICLE
Columbia
S. C
Federal International Banking Company
State Chamber of Commerce
Richmond Federal Reserve Bank
South Carolina
South Carolina Bankers’ Association
New Pastor J R Jordan Installed in Jackson
Rev. J R Jordan begins his Jackson Methodist church tenure with both morning and evening sermons. He arrived Thursday and takes residence in the parsonage with Mrs Jordan set to join later this week. The community welcomes the Jordan couple and recalls his popularity in Gray and long service in the North Georgia Conference.
MENTIONED IN THIS ARTICLE
J. R. Jordan
Jackson
North Georgia Conference
S. R. England
England
Marietta
Jordan
New Highway Survey Underway From Jackson to Griffin
Government engineers led by Engineer Davis of the Sixth district and foreman Mr Childs are surveying a new highway from Jackson to Griffin. The line will extend to Griffin from the courthouse and connect Newnan, Griffin, Jackson, Monticello, and Augusta. Changes to the current Griffin road and Jackson streets are planned with council approval, and a government report will follow in Washington. Construction likely starts next March.
MENTIONED IN THIS ARTICLE
Davis
Mr. Childs
Jackson
Griffin
Court House
Newnan
Monticello
Augusta
Washington
Georgi
Farmers Losses Run Into Billions Seen in 1920 Market
New York reports deflation hits hard across crops and commodities. Corn fell from 2.00 to about 0.64 per bushel, cotton down sharply, wheat retreating from 2.74 to 1.25 a bushel. Sugar values slumped, Cuban producers faced losses, and U.S. steel kept low prices. Overall, at least 20 billion dollars vanished from expected farm values with stock and bond declines adding to the drop.
MENTIONED IN THIS ARTICLE
New York
Daily Market
New York City
United States
United States Steel Corporation
Germany
Russia
New England
New York Exchange
Whhich
Cuba
Thousands in Taxes Unpaid Threaten County Funds
With under twenty days to collect, more than 75 000 remains unpaid toward a 100 000 total tax bill. Books close December 20. failure to collect incurs penalties and extra costs for delinquent taxpayers. Tax Collector Nelson faces a busy period as funds move to state pensions and judge Ham notes pension payments hinge on settlement.
MENTIONED IN THIS ARTICLE
Nelson
Butts County
Ham
Pink worm bigger threat to cotton than boll weevil
A letter to the Progress Argus from C. Beauchamp of Shreveport former Jackson mayor argues the pink worm now threatens Georgia cotton more than the boll weevil. He cites Louisiana’s ban on cotton as proof and urges continued crop diversification and steady efforts for Middle Georgia’s agricultural resources.
MENTIONED IN THIS ARTICLE
The
Progress-Argus
C. Beauchamp
Shreveport
Jackson
Butts County
Beauchamp
Butts
Gulf Coast
Louisiana
Georgia
Middle Georgia
Cotton exports rise sharply from October last year
Washington reports cotton exports for last month at 583,725 bales valued at 91,307,498 dollars, nearly double October 1919 totals of 52,231 bales worth 60,732,867 dollars, announced by the department of commerce.
MENTIONED IN THIS ARTICLE
Washington, D. C
Department of Commerce
Economic hopes rise as markets calm after price drops
The piece notes wholesale farm values fall driving retail price expectations and pushes to cut wages. It cites manufacturers resisting wage cuts under din of Gomperism and forecasts deflation ending by spring with a gradual trade recovery as European conditions improve and Russia opens to world markets.
MENTIONED IN THIS ARTICLE
Samuel Gompers
Russia
Also Mentioned on This Page
Supreme Court
Mickie
Kroucaes
International Corporation
MR. England
C. O. Beauchamp
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