The people's journal. (Pickens, S.C.) 1891-1903, 1899-03-09
THE BONDED WAREHOUSE
SISTE.M FOR IIlE STOR-
AGE OF COTTON.
,ccial To Mnnuiac,urers Record

tAtf bf wi loN.
Special 10 Manufacturers Record.
The two bonded warehouses for the
storage Of cotton, organized in Char
lcttr some months ago, have been in
operation Il sufficient length of time tU
demonstrate the fact that the scheme
is entirely successful. The rNprrta-
tiOus Of the uriyinatorS Of the idea have
been fully realized. In this connection
the word successful" is used in its
broadr>t sense, and carries Il world of
meaning with il. The success of the
bonded warehouse means GOOD
financial returns to the stockhold-
crS i'll the enterprise, the opening
up of ready and liberal bank
ing facilities to The planters OF the
South whereby they are enabled to get
cash advances on their cotton and vet
retain unNucSti0ncd ownership of The
cotton upon which the money is adj
yanccd, and the giving, of very dr>ir-
able facilities to the cotton mill men
for the storage of raw cotton ~ we'll aS
of manufactured goods, aitordiny con-
vcuicuccS to the conduct of their hu>i-
mes, which have heretofore been un-
known. The merchant, too. is hrur-
Iitcd, for the holder of a huuIcl ware
house receipt who yorN with it into Il
store. gu"> with II credit rs rood a> that
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'i;'',, 'f' N''''' '''''' l'''''' ~ ''''
"',t"''' :,
N'''"'' - q H'"'''"'" S'c"ti'S' II
III "t'll'''''! 1T I'' 'in''o ~ inc c''rF'''
''i'FN'' p!l''N' ""' |" II mus anyways H'''
"''"r'lc" one c'c'ic!li "l u''',|cr 'it-
an clement 'hal h"a W"rkcd 10 lis ul-
: advantage. HOW |" eliminate I'm
ri'inrn, an" 10 MAKE cotton Il 'ra'''
! nc|"'lahIc security on thc money man
kr'N was lhc problem Whtc!l the holdc'
: warehouse was "cSi@ned I" solve. :
IAr@c per ceht "l 'hc COTTON ilfcS WhicI
age houses, on 'raihS aild aboard Nii
are oi mysterious orl@ln. Inc iar'
| nan" VINO Is dtNolcd 10 ms plpc crop
: match from his pocket. III SO'' wit
- 'hr "nl cotton INTO lhc boN-lrrSS ali
Z may test hal mlcSS IN the blIc ahtll II
t compicSscd. Then ire is started Il
e me heart OF the bale, winch ma
!. HmouIGcr Tor weeks or months, bu
I winch Is sure to break out at som
/ time. The bale may then be stored L
shcd, or II may oc III the hold OF
l snip Speeu.''I 'croSs 'lic occ"n' ''o T.
1i1 .'''' N,''H' u I'''' rann(,r;zo
u r,sI. ,vh;nE ,hn ,,r;m ossoc;a,ions TAX
r',' 80" ,>tad "n,I'' n,,, ,,n hnmInd war;,
hn,so has rnd,,cnJ thn fro risk "a IL
,,;,;,,,,,,, I,,nrv knowr eo,,rrc
:, nn,tnn fire h,. hHor ,,,,,rdrd ,o,ins
- II ;s ,h;a fro risl ,h,t has hcr.ioro,
.s stood in thc way Of those who won
:, make cotton n bauknblc colla,cra
y, Kcaliz,nr Inc wide and nrolitablc Iic
~ nc ;nyc.In,rnt which would he oncn,
. nm ir ,h,s d,nicultv coulJ be surmoun
- - ed, the projectors of the bonded war
~, housr srhrmc and rcnrcscnlotivcs
w ,hc insurance companic< set 10 wo,
~ to devise plans whereby cotton miol