The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1905-07-05
Farmers Warehouse.

Farmers Warehouse.
Tho Press and Banner learns that the farm
ers OF this county contemplate the building
OF q warehouse for the storing OF cotton AZ
Abbeyille, and that subscriptions are now DE-
Ing taken for the capital stock, which Is 10 De
5000. -,
There never was q time before this that all
GLASSES Of citizens were In sympathy any
great movement by the armers, and there
never was q time In the past when oankers'
merchants and professional men were not re-
gsrded with more or less Suspicion oy
the farmers. Now, all this Is changed.
The monied interests OF the coun-
try are In sympathy with any move
ment which has for its purpose the benefit OF
the farmer. II the farmer prospers. then ev'
erybody else prospers. Bankers. business
man and others about town are convinced
that Hsrvie Jordan and his associates have
ssyed many millions OF dollars TO the farm
ers Of the South by inducing them to ware
house their cotton and keep the crop from
market in the fall OF the year.
The organization Of the farmers and the use
of the warehouses have sustained the price OF
cotton under the most depressing circum'
stances that have ever existed, and demon
strated for all time, that. united, the farmers
can control the situation.
The owners of the old warehouse at this
place are making excavations and getting IN
material With which to enlarge their Dulio'
ing, It 10 said, to q capacity OF 6OW oaieS VI
cotton. II the proposed new warehouse mas
storing capacity Of say 1900 bales. thls VIII
give q possible storage capacity OF lo,oVooaies'
While in the past there has been but ittis
over 5000 bales stored here at one time, Inc
farmers are doubtless being educated up u
the advantages of storing.
Even II the total amount stored IN poIn
warehouses should not exceed 5000 bales, Inc
new enterprise will force the present owners
IN store cotton at or below cost in order TO get
q full share of the business, and the farmers
will be the gamers. The compeIi''on .n .
will necessarily arise over the lmiteo
amount of cotton that Ia stored very iaisei'
eliminates the question OF pront 10 eilnei
concern, but as the subscription 10 the nc"
warehouse will likely be made up OF s"aii
subscriptions from many parties they can af
,ord IN loss the small amount lnVest'
al IN order 10 get storage at say ten OF
ar.en cents per bale. And, then, too, not
only those subscribing to the warehouse are
heneitted, but likewise the thousands Vi
o,her farmers in this county, who are not
a t,sned With prevailing prices for cot'on'
UT IA an III win that blows nobody good.'
90 here, whatever may be said OF Inc lm-
nrohabiuty of q new warehouse paying any
div,dends. II 10 q great public recommendation
that will help the town and the incidental az
vantage To the town should be such as TO IN
dpce the tow people 10 subscribe q gooo
deaI of stock, even though no direct p1on'
may be expectes.
The public spirit Of the farmers is 10 De COLL
mended In their disinterested efforts IN tnis
matter n while some sympathy 10 Ielt lor
man whose money has been invested IN the
old warehouse without dividends for ABOUT
five wears, their interests as well as the inter-
terests of the stockholders OF the new ware
house are subordinate to the Welfare OF gen.
ara tpublic. The main difference between
the old and the new organization is mai ID
the old organization the losses VIII I'LL
heavily on q few, while In the new or
gapization they will be go distributed as
not TO materially hurt anybody, AZ oom'
penpatiun the stakeholder stores DIS cot'op
and that Of his neighbor at cost.
II is stated that the new warehouse can De
constructed fox much less per thousand bales
stored b the present warehouse.
The lowest estimate that we have ever seen
for q standard warehouse is 5000 per thous'
and bales, Is per cent. additional for wafer
making {, $50 per thousand bales. tbs mas
been our Information after some e1amlna-
ton into this subject on our " account
These figures are given for what they are
worth, but they suggest the importance OF
careful calculation ss to the cost OF the build.
ing. 80 that once the enterprise Is started II
may be carried 10 completion. Whatever the
cost of the building. however, we should not
le, It stand in the way OF a great public good.