The Cairo bulletin., 1908-09-20


what they need In order to attract
them to our city, to secure the adj.
yertislng il would afford, and in many
cases We would no doubt find that
this would result in either the estab-
lishment of branch houses and even
factories, by people that had expert
enced the advantages from a storage
standpoint.
Must Be Incorporated.
We all no doubt read an article in
one OF our daily papers, stating that
one OF our townsmen was ready TO
erect and operate warehouse; but
this Will not suffice Individual ware
house receipts are not recognized by
banks as tlgiedged security. They
demand receipts from an incorporated
concern with fixed capital and a
known liability. Experiences have
Taught them that individual ware
house receipts cannot always be de
pended upon.
This proposition should be taken
| up on liberal lines and the entire busl-
ness interest allowed to subscribe a
certain amount of stock. Not only
does this make everyone Interested III
1.-THE success Of the enterprise, but ne
| likewise feels that he can better AT.
ford To store his goods in the ware.
house
1t would be necessary to have "A fir
proof structure with the late st
sprinkler fire protection, in order TO
get reasonable rate OF insurance.
Not only for the benefit OF our own
merchants but in order to compete
with the large city warehouses, who
inyariablo have a very low insurance
rate.
1t would be necessary to locate this
warehouse on a railroad track, so that
MERCHANDISE could be handled To and
from cars at small expense.
viii 1t Pay?
II the business is conducted on
business principles with established
rates that would compete with large
cities, there is no reason why it
should not pay. and the writer be
lieyes firmly that within II months
enough storage could be secured from
outside points. to make this profit
able investment.
make this statement because
have had some experience in operat-
ing warehouse in a small way, for
the last two years, which has proven
paying investment although it was
only started as an accommodation for
certain people, whose lines we werel
very anxious TO have stored here h.
cause of the benefits the iobbing trade
derive. in our line
The investment would be practic-
ally no more than the cost of prop |
ertv, and it is the kind of business
that can be operated with very small
expense. and il would be no harder t.
make this pay than any other prop
erty landlord has for rent.
Dc We Want ! Warehouse
This devolyes itself into a question
for cur general business interest To
answer. We can only find this out
by an expression from the wholesale
lnl manufacturing inter st, and the
banker being equally interested.
Sorlo be expected to express his
.iews.
| am sorry that no more Of hose
iircctly interested are present, but
he club | am sure would like t. have
hose that are present express their
IDEAS. before any other action is
aiken.
Mr. Gilbert called upon others pre-
mt for comment on the subject
Speaking for the wholesale drug
;ists DR.. Paul G. srhuh. of the Schulz
)ug Co. said they We're not particu
arly interested at present, as they
lad all the storage room they needed.
T. +. Dcnison of the Deuison-Ghol-
oh Dry Goods Co. expressed simi
az view with respect TO the whole. ,
ale dry goods men. although it would {
,e good thing for brokers in thar I
inc who might locate here II the h
ware house were established. n
G. $. Carey of the National Lum
Der a Woodenware Co. thought 81
vas good proposition in many way
rhe warehouse would be patronizea
by manufacturers from other cities
Sho would send their wares here To
be- stored ami make Cairo a distribuf
ng point FOR large territory. HIS
company made use OF such ware
Houses la other cities for distribution
Htposes. They patronized two in
Memphis. one each IA Kansas City II
Indianapolis. Cincinnati. Philadelphia
nd other cities. Many Of the manu-
acturers IN various lines would pa.
r0niZe a warehouse here but thcvII