The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1900-11-28
That Big Rice Combine.


Charleston are interested ID the re
port from Crowley, La, thes toe
American Rice Growers distributing
company has been Incorporated there,
With capital stock of sl5 $50, 600,
and, according to the report, pro
poses 10 undertake business when
SIS, 900 600 of this amount has been
paid IN Under taa impressiou ;hat
part Or a!i % the latter anount ha:
been provided many planters are
delivering rough rice at the v.a:e
houses authorized TO receive IL
Il is also reported lsas arrange
merits are cndeT way 70 gain control
of tie product along the Atlantic
coas. at current prices, which are
regarded as reasonable and good for
a margin OF profit, provided holdings
are under tee control OF single
hepd Most naturally the company
is ouce more the subject of lively
discussion, but 40 one in New York
see0s TO be fully advised as TO the
intent or progress made ny the incor
poraio's
Mr. joan F TaImage, president OF
Dan Talmage's soDs' company, wss
interviewed By tie New YORK Com.
mercisl regarding the combine The
Commercial printed the follcw;eg
Mr. TaImage said there vas really
nothing de6ol,e to repor: He had
been informed in general way that
fair progress had been made il hasn
cisi negotiations and the parties at
the head Of the Organization express
ed confidence in their ability to carry
it to successful issue
"aiany of the rice men seem to be
of the doubling Thomas character, .
said Mr. Talmage, "sin2iy because
tue organization had not started Oft
with the prcmptness of a rail train
on schedule time II might be we'll
to recall the fact that a presidential
election had been in progress and
until the result was determined many
parties interested hesitated.
Furthermore, an enterprise hav
ing SIS ,0O0.0 .00G capital as its ulti
mate and $500 600 as its immedi
ate requirement is not financial
undertaking to be accomplished in a
single day No matter how merlto
rious the investment, sufficient time
must be allowed for investigation
$50 far as this company is cen
cerned, if it's cleaned rice is well
handled it will yield profit over and
above values placed upon the rough
and agreed to be paid to the various
mills for preparing it for consump
ion. 1t is widely remarked that the |
planters are to receive very full
values for their product, and, further.
more, mills are to be literally re.
varded for sbeir labor, and yet we !
believe and know that there is fair
margin cf profit over aod above such,
provided the cleaned is distributed
broagh one channel aud by those 9t
Who are, possessed of nerve, ibteftl-
,ence, and, Of course, indcssnous
enough 80 effect its disposition in /
lue proportion each month as the |
iemand u,ay arise
Mr. Talnage was asked whether
,e sboughs 81. l.ocs.ooo would be
apple capital with which to organize
. successful rice combine, and re-
,lied IT, at this amcuas, in his opinion,
vousd be insaeqnate, for, judging oy /
previous experiences. a large major !,
ty of planters under ordinary c'z-
,umstarces would waps their money I
ust as fas. as they corsd deliver the .
,tuff; aud, furthermore, the company !,
should be prepared to take the crop /
.s fast, as delivered an6 look for its /
,evard by feeding tee market" ;
and in 80 doing would secure lair
inapcia.' return OF the money lS7est-
ed
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