THE BOYS’ CLUB CAMPAIGN
Efforts in Birmingham to raise
funds for a permanent Boys’ Club
headquarters deserves success. The
responsibility of giving a fair chance
to boys whose parents are dead or un
able or unfit to care for them auto
matically passes to the community, it
should, of course, pass to the local oi*
state government, for* boys are public
assets; but public institutions sup
ported by taxation have not yet been
developed to meet the needs of boys
who make their own living but have
an unfavorable environment. Ques
tions of health, of education and of
social training enter into every boy’s
legitimate opportunity, but so many
are by circumstances denied these' ad
vantages. Birmingham needs a per
manent establishment foY this purpose.
If ten boys ai‘e rescued from unfavor
able surroundings and turned into en
terprising citizens of worth and char
acter the return on the investment will
have been at least twofold—or who
would dare to say how many fold?
THE RESPONSE OF COTTON
The upwai’d rush of the price of
cotton indicates that the market had
not previously been sufficiently im
pressed with the significance of ' :e
extremely small carryovers of the past
two years. The market was very low
at a time when the supply also was
low. Now there is a reaction that no
sort of manipulation has been able to
stem, albeit those who had speculated
in futures have doubtless taken big
profits from the increase. The sig
nificant factor iu the whole situation
It that the principle of supply and de
mand had been submerged until the
balance became so uneven as to defy
further tilting. In other words, until
the actual shortage attained unmis
takable outlines the price remained
below a reasonable norm.
