The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1906-09-05
BUILDING MANY WAREHOUSES;

BUILDING MANY WAREHOUSES.
The South Preparing to Control Its
Own Great Crop Of Cotton.
Baltimore, Nd, Aug. 3O.-The
Manufacturers Record says in its is
sue this week:
.1The persistent advocacy by the
Manufacturers Record for the last
eight or ten years Of the building of
freproof cotton warehouses through
out the South, with sufficient fnan-
cial backing to make their receipts
giltedge as collateral, is now pro-
ducing fruit. Gradually during the
| last trhee or four years the South
has been taking up this important
| matter, and here and there subsran-
| tial warehouses have been construct
ed. Now this is spreading in many
! directions, and warehouses are going
up in a large number of leading cot
| ton centers of the South. We publish
| today full particulars of the great
system now under construction at
Memphis, where 100 one-story. ware
| houses designed to minimize the
| hauling and handling Of cotton are
| being constructed by one company.
This, the greatest undertaking Of the
kind which the South has seen, is be-
ing supplemented at Macon, where
company has just been organized to
build 20 or more warehouses to hold
| 1000 bales Of cotton each, and at
many other points where the good
work is being carried on. To large
extent these warehouses are being
| built of concrete, and those at Mem
phis especially are being equipped
| with many new labor-saving devices
for handling cotton at the lowest pos
sible cost.
with such a system Of ware
| houses tablished throughout the
South it will no longer be necessary
for cotton to be dumped into the
mud and dirt and left outdoors with
out regard to weather conditions or to
the immense damage done by this
barbarous way of handling such
staple. With the establishment Of
| fre-proof warehouses where the low
est rate of insurance can be obtained,
where warehouse receipts will be-
come even better collateral than the
elevator receipts Of the grain eleva-
tor systems ON the seaboard and IN
the central West, the marketing OF
cotton and it's financing will take on
entirely new features. It will no long
er be necessary to rush cotton to the
market as formerly, for it will now
become whether owned by the farm
er, the merchant or the manufac-
turer, the very best banking collate-
raj. The saving in the cost OF lnsur-
ance and in country damage will
add many millions Of dollars to the
value of the crop. To the extent that
the South develops its warehousing
facilities it will eliminate the neces-
sity of handling the entire cotton
crop in three or four months. as
J heretofore. and the marketing or
cotton during - months instead OF
three. will have a tendency to steady
the price, to lessen the cost of rail
and ocean transportation, and to en-
able the South to finance its cotton
/ instead of depending upon oher sec
tons, as in the past:
"But not only will the estap-
ment of warehouses prove of I'M
mense value to the entire cotton
trade. These warehouses Will De o.
eoual value in the development Oh
many other lires of business, since
they will give to the South faclllues
for storing merchandise and carrying
if at low cost-facilities new en-
loved by the North and West put
only to a very limited extent in the
South. Every development Oh 1his
character adds to the financial power
of this section and makes certain us
more rapid growth in trade III ooi''0
marce and wealth"
] uo,:.o Sent 3.-A man