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

charleston are interested in the re
port from Crowley, La. that the
American Rice Growers distributing
company has been Incorporated there
with capital stock Of SIS OGO, 900,
and, according TO the report. pro
poses to undertake business when
50, 900 900 of this amount has been
paid IN Under the impression that
part or all Of the latter amount has
been provided many planters are
delivering rough rice at the ware
houses authorized to receive it.
1t 10 also reported that arrange
menls are under way to gain control
OF the product along the Atlantic
coast at current prices, which are
regarded as reasonable and good for
margin Of profit, provided holdings
are under the control of single
hand Most naturally the company
ia once more the subject of lively
discussion, but no one in New York
seems to be fully advised as to the
intent or progress made by the incor
pOratOrs
Mr. John F Talmsge, president of
Dan TaImage's Sons company, was
interviewed by the New York Com.
mercial regarding the combine The
Commercial printed the following
Mr Talmage said there was really
nothing definite to report. He had
been Informed in general way that
fair progress had been made in finsn
cisl negotiations aud the parties o.
the head of the Organization express
ed confidence in their ability to carry
1t to successful issue.
"Many Of the rice men seem to be
of the doubling Thomas character"
said Mr. Talmage. "simpiy because
the organization had not started off
with the promptness of rail train
on schedule time. II might be we'll
to recall the fact that a presidential
election bad been in progress and
uusil the resuN was determined many
parties interested hesitated.
Furthermore. an enterprise hav
log SIS 900. 900 capital as it's ulti
mate and $7,50O 900 as its immedi
ate requirement is not q finsucial
Undertaking to be accomplished in q
single day No matter how merito
rious the investment, sufficient time |
rust be allowed for investigation
$50 far 81 this company is con-
,erned, If it's cleaned rice is we'll
handled it will yield a profit over and
'bove values placed upon the rough
md 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
'slues for their product, and, further.
nore, mills are to be literally re.
varded for their labor, and yet we
'elieve and know that there is fair
narein of profit over and above such,
the cleaned is distributed
brough one channel and by those
'ho are possessed of nerve. intelti.
'ence, and. of course. iudussriou,
nough TO effect its disposition in
ne proportion each month 40 the
|emspd u,sy arise "
Mr. TalMsge was asked whether
o though, $l.00S.0O0 would be
mple capital with which to organize
successful rice combine, and re-
lied that this amount, in his opinion,
'ousd be inadequate, for. judging by
revious experiences. . large major
" Of planters under ordinary cir.
umstances would want their money
,st 40 fast a. they corsd deliver the
tuff; and. furthermore. the company
hould be prepared to take the crop
9 fast ss delivered ans look for its
oward by feeding tae Market"
nd in 80 doing would secure fair
nsDciaf return on the money invest
q