The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1891-04-22

by Mr.. p. H. Haitiwanger...It will
Help the city.
Columbia Register.
As has been previously announced In THl
REGISTER the books Of subscription To the
Farmers and Mechanics Banking, Mercantlle
and Manufacturing Company, OF ColqinDlt
have been opened at the store OF MT +.
ers is TO be held at the Agricultural Hall or
Wednesday, the 18th instant, for the purpose
OF organization.
Yesterday he stated TO a REGISTER reporter
that majority,of the stock had been alreaoy
subscribed for, and that the enterprise wa
bound TO succeed. He added that the ioee
that this movement and others of a Kindred
nature would be an injurious concentration
Of the business Of the Farmers Wltnl9 coil'
tracted sphere was false aAd misleading one
1t would of course unite farming capital Uu
farmer now saw that tney naa oeeu
making great mistake In Inc past py no, mo-
employing their surplus capltal AZ ,ne aa Seu1
round. He related instances goiag 10 snow
where farmers of means could not get neces
sary accommodations from the banks, pc
cause of the fact that oil aVallaple Iunos wei.
already loaned out to help merca9tile enter
prises, and says that the proposed company
has for its primary object the granting O.
greater facilities to help on the crop produc
lion OF the country and also 10 develop tnan u
facturies-and especially TO tnat GlaSs y! !.
manufactures connected with the agricultur
al INDUSTRY such, for instance, as canning
factories and factories for the manuiactutit
or agricultural impliments. Speaking OF tne
there was no estimating the money lost I'd ui
by the waste of fruit and vegetables In gooso
fruit and vegetable years, ana ~hen INF
waste was stopped II would not only nelp the
farmers, but would help the Guy, ana >" iss Iis
growth it would be the means OF heiplhg u
By the establishment OF those industTlef
which would give full employment 10 mpol
and put more money IN circuiatiohh: tsa honds ~
farmers, which was much more In the aggre
gate than could be well estimated. would pc
10 my estimation" said Mr.. Haltiwanger, "a
most important factor IN the deVeloPn'ehI VI
both city and country
zone hundred dollars in one farmers hands
amt much, but ifhe puts IT In with tnous
and other farmers who have the same SUI
lying idle, there is capital OF sloo'ooo al
once. r.,o.
"Our company" said Mr.. Haltiwanger
"wIil do this. We will have money that the
farmers can use as they want and IN as smsll
sums as they want. The stock noIoer VIZ ~
wants TO borrow money can do 80 on M
stock. He need not sell his cotton When ne
does not want to. II he needs say SlOo 70 run
his crop he will not be obliged 10 MAKE nots
for the WHOLE slGO i9 run qnt bnI he fa ea
his SlOO In small sums just as ne wants II
and in this way will save himself heavy In
terest"
Mr.. Halliwanger said that there were timet
In Columbia as elsewhere when the banks
were not able 10 make loans on cotton, an1
this sometimes forced the farmers 10 sell
when IL was not TO their interest 10 DO SO, ano
and that this showed the necessity for the
conc entration OF farming capital, but thal
apart from that. the most important feature
OF this movement was the fact that II ~ prov.
ed success as he felt sure that 1t would, II
would put into circulation and beneficial use
thousands OF dollars now lying idle In the
hands OF farmers. 1t would develop the say
ing spirit, but not the saving spirit OF the ml
ser who hides away his money, and wonlc
encourage many unconsidered means OF mon
ey max Ing within the reach of the farmers
and OF which they were strangely oblivlous
Such for instance as the sale OF skins ana fnrs
which was q most profitable one, as the III
and skins of smaller animals were wortf
more than the meat Butter. eggs ant
poultry, garden products. honey, In fac
everything In and about the fnrm would re-
ceive more attention and yield more money
when the farmers associated themselves 10
yether to push their production and sale anf
then use the money so derived, TO develop'
new industries which would add TO the gen
eral prosperity Of the people. "If IT can o'
shown me" said Mr.. Ha,tiwanger IN conclu
sion .that this contemplated enterprise Is o
detriment To the public will not embark II
II .ior ain not that kind Of a man."