The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-12-07

search with a microscope for an imaginary
danger that has no real existence?
You say, 1.-THE round bale companies
seem disposed to encourage the bonded
warehouse scheme. Why they do so, we
are not prepared to say, but Ii seems to
us it is because il would assist them in
introducing their presses. But is the round
bale press a good thing for the cotton
growing interest? There are reasons for
thinking it is not. If the presses were
offered for sale the situation would be
different. The round bale companies insist
upon retaining possession of their presses
and COMPRISING cotton for royalty on
each bale"
The American Cotton Company encour-
ages the warehouse plan, because of
conviction that its adoption will enable
the farmer 10 determine when he shall
sell his cotton, and viii cure one of the
many evils from which this industry sur
fers, namely; the annual glut of the mar
ket save in those rare years like the pres
ent when an exceptionally short crop
throughout the world creates an extraor-
dinary demand for cotton and the certain
ty of advanced prices jusffNes the planter
in paying the nigh rates of interest and
insurance required to carry cotton under
prevailing conditions. The warehouse plan
has been advocated for years by many
of the leading minds of the South for the
the baling of cotton in round bales. Square
bales may be stored as wen as round, al
though their greater density and compar-
alive immunity from fire hazard enab Die
the latter to be warehoused at much less
e pense than old-style bales.
Since you doubtless know that owners Of
public Warehouses would not deprive them
selves of revenue by declining to store
square bale cotton, your attitude of inter
rogation toward the plan TO establish
warehouses must have grown out of your
assun ption that they might facilitate the
Introduction of the round bale which you
f. rther Gssume threatens evil 10 cot.cn
farmers, because the owners of certain
round-balc presses do not sell, but lease,
them. In other words you would deny to
the South an Improvement in its most vi
tai industry second only 10 the cotton gin,
which made possible the industry in its
present magnitude. You would have the
South turn back the hands of time and
on the threshold of the twentieth century
return 10 the devices OF the eighteenth.
And all because you can't see what the
cause bales are round instead of rectan-
gular. and because the owners of the
presses on which they are made see fit to
lease them to responsible persons instead
of selling them 10 whomsoever might buy,
YOU think you see in these circumstances
the lOle5uadVWln@ "a "a Sttal mOHcpoiy
that is to strangle the South and impov-
erlsh the cotton growers, the men on whom
its existence depends-that VIII kill the
goose that lays the golden egg.
These fears seem exaggerated out OF all
proportion TO tfleir cause. The American
Cotton Company s7against which they ore
mainly directed, IS only one OF several
companies engaged in the manufacture Of
cylindrical baling presses. IN so far as
the American Cotton Company is concern
ed, IT'S reasons for leasing, instead of SELL
ing. its presses are sufficient without seek
Ing for sinister Interior purpose to ex-