Savannah morning news. [volume] (Savannah) 1868-1887, 1886-11-05
STATING THEIR CLAIMS.
NAVAL STORES PRODUCERS AND
THE Pa CTORS.

The Waycross Com mittee to Hold Con-
ference with the Factors To-DaY-The
Manufacturers will Push the CO. Ope-
rattve Association Unless They Get
Satisfaction.
The committee appointed al the meet
Ing of the naval stores manufacturers,
held at Waycross last week, 10 call upon
the Savannah factors, did not put in an
appearance yesterday, which was the day
set for the conference. The committee Is
composed OF Messrs. A. p. Brantley,
Blackshear; d. Q. Newton, No. l Central
railroad; j. NJ. Purdom, Glenmore; l..
Johnson, Graham; w. f. Burbage,
Brunswick.
Only one member, Mr.. Newto came to
the city. After he got here he learned
that the other memb ers could not come
until to-day. Mr.. Newton called upon
two or three firms and talked over the
grievances of the manufacturers inform
ally. One point which he made was that
the factors are largely responsible for the
overproduction which causes the low
prices.
ADVANCES To PRODUCERS.
In arguing that point be suggested that
the factors should not advance more
money to a manufacturer than the manu-
facturePs unincum bered property is
worth. In other words, factor should
not loan more than 81, 900 to a manufact-
urer who IS worth only $1,000.
The objection is that a manufacturer
who has good credit will do larger bust
ness than another manufacturer who has
as much property, but not so good credit.
1t often happens that manufacturer
worth $4,000 has worse credit than an
other manufacturer that is not worth
over $500. Another complaint Mr. New
ton made was on the matter of rebates
allowed factors by merchants on supplies
purchased for manufacturers. The charge
is made that tie factors have influenced
the merchants so that a manufacturer
cannot get the advantage OF a discount
on purchases.
THE COST OF SUPPLIES.
AS a rule a manufacturer, when he
wants supplies, sends an order 10 his fac
tor. The factor sends the order to a mer-
chant who nils 1t and ships the goods to
the manufacturer, and sends his bill TO
the factor. These bills are settled at the
end OF every month by the factor, who is
allowed by most merchants rebate of
from one to twO-and-a-half per cent. The
factor charges the manufacturer the
amount of the face of the bill. The factor
tudb the ulsCOuUL Is d matter De-
tween himself and the merchant, who
Will not sell direct to the manufacturer
any cheaper than he Will through the
factor. Neither by direct purchase, nor
through his factor does the manufacturer
get the benefit OF a rebate.
The manufacturers 20 further, and de-
clare that the factors injure their credit
with the merchants. A case like the fol-
lowing is cited In illustrations MIR. A.,
manufacturer, sends an order to mer-
chant with draft on factor. The mer-
chant fills the order ana presents his bill
TO A.'s factor. The latter declines to paw
1t, thereby damaging the Manufacturers
credit with the merchant, The next time
the order is sent to the factor, who has it
hlled,and collects from the manufacturer.
PRODUCERS MANY GRIEVANCES,
One Of the manufacturers who has been
agitatlng the cooperative scheme said
yesterday that he was surprised TO find 80
many manufacturers VINO have grievances
as he saw at the Waycross meeting.
Nearly every one had some grievance. and
the object OF appointing a committee to
talk with the factors was to see il the fac
tors would agree to grant certain re-
dresses. The same manufacturer said
that be had been informed that the factors
have decided to make no concessions. In
case the committee does not get auy salts
faction, the manufactures added, the CO.
operative association Will certainly be
formed. The members are expected in
Savannah to-day.