The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1889-02-26

National Bank Of Durham to say to
the Alliance, if they opened a ware
house in Durham and wanted money
accommodation they ceufd get it at
the First National Bank on IS reasen-
able terms as they could anywhere in
the State.
Mr.. Raney asked Ia question why
the Board of Trade were opposed to
warehousemen bidding on ~tobaccotin
their own warehouses Z
Mr.. Walker said: I am. glad you
asked the question; it gives me- an OPP
p~ortunity of answering before s1cha
large and intelligent audience. La the
first place, it was not legitimate in
a commercial sense. In the com
merciaI world it was not regarded as
business, and it placed our warehouse
men in an awkward pesition-one in
which they were liable to be censured
and severely and ~unjustly criticised,
when the farmer receives no benefit
from il. The warehousemen bidding
on tobacco in North Carlina, and
especially in Durham know it
to be a fact-has driven thousands of
dollars away from Durham and from
the State of North Carolina, Because
warehousemen bid on tobacco in their
own houses. The manufacturers do
not object to bidding against another
manufacturer or s%peculator, andvmore
especially a manufacturer, because
they both had to, come into competi-
ton when the goods were manufac-
tured, and one will say: 81 can pay as
much for the leaf a. you CAM" but
when a. by-bidder, who has, no. use
for the goods, comes in to run, you
up, the manufacturer becomes. dis
gusted and turns off and leaves the
warehouneman to carry his sale. Now,
which had you rather Thaves The
manufacturers to bid from all over the
country, with their millions of money,
either in person or their agents, or to
have a few warehousemen, with their
credit strained to it's utmost, and with
the banks strained to carry them; the
warehousemen buying their millions
of pounds of tobacco that they have
to sell to the manufacturer at last,
when if the warehousemen had not
been allowed to bid on their floors
the manufacturer would have had
their agents on the market and bought
the tobacco from the farmer direct ?
Who is specializing on the farm
ers, but the wsrehousemen, when they
buy their own patrons tobacco ? They
hold the farmer up with one hand and
slap him down with the other. Jap
plausel. My friends, who are the
losers, but the poor farmers Z The
warehousemen bidding on tobacco
drives out good healthy competition,
that has plenty of money, for a few
warehousemen with their credit
strained TO the utmost. A healthy
legitimate trade is what we want,
where supply and demand fix the
value of our produce; and I appeal
to you tobacco men; is it not so ?
1.-THE convention responded yes yes
Now, in conclusion, allow me to
say to you (ss I am interested in several
FARMS: Make your supplies at home
and only make tobacco as a money
crop, and not to buy meat and bread
from abroad, but make it at home;
divide your crop, make a little Of
everything to sell; make your tabacco
better; put in some Little Orinoco,
make sun-cured filters, make your fine
yellow tobacco, but only plant so
much as you can work well, handle
well and make it good, and you will
soon be on the road to prosperity. l
bid you God speed.P
The COMMITTEES on corporation made
their report. The report was received
but it was referred back to the com
mittee, with instructions that they
arrange in sections and report to the
night session. The President was re-
quested to act as chairman of the
committee by the voice of the con-
vention.
A motion to adjourn to 7o'clock
was withdrawn.
Some of the committee on corpora
ton were excused and others were
appointed in their place.
The motion to adjourn was re-
newed. Adjourned to- o'clock p. m.
Il Prayer by N. Cheek.
NIGHT SESSION. /
The convention was called to order
by the President.
Prayer by the President.
I. H Raney was requested to act
as Vice President.
The committee on corporation made
their report. On motion, the report
was received, read and adopted by
sections as amended.
The President them addressed the
convention with an interesting talk in
regard to the Wetmore Cooperative