The Cairo bulletin., 1908-09-20

the board had decided IL would not b.
practicable to give night luncheons
he extra expense necessary 10 serve
them properly. being greater than
would be Justified The committee
having this matter in hand were
thereupon discharged.
On the subject Of clean elections
Douglas Halliday reported that the
committee was not yet complete,
some of the organizations which
were expected TO appoint representa-
tiyes having not yet acted, The
Commercial Club would meet the
coming week and would probably APP
point its committee and an organi1a.
| ton would then be effected
Bonded Warehouse.
George h. Wearen, Of the Scudder
Gale-Wearen Grocery Co., as chair
man of the committee appointed to
report on the proposition to establish
bonded warehouse in Cairo gave the
meeting material for thought and dis
cussion in the following address:
Your committee on the public bond
Ell warehouse proposition finds very
little tn eycan do now, while they feel
the need OF an institution Of this kind
and are fayorably inclined toward the
organization OF an Incorporation for
this purpose, they do not feel like
erecting and conducting a bonded
warehouse, and we think best to find
out by an expression from the inter
estoG business men as to whether or
not they want a warehouse
The chairman OF this committee has
nos lived in Cairo all his life, and
the ideas ne will express in this paper
We're not taken from street talk. nor
have We looked over any ones books
TO- the information He is not inter
.estcd in any class or click, he is not
a politician and only has the success
.of mis- own business, the general in
terest Of Cairo, the upbuilding OF its
business enterprises IN general, at
heart
In considering the warehouse propo
siton We must all ook from an un
biased, unseIhsh standpoint and fer
the general interest Of the community
will derive; and before going into it
we must consider the needs benefits
advantages, requirements and last but
not least, whether the proposition
Will be a paying inyestmClt Under
each Of these headings | will Try to
give you my IDEAS
Do We Need a Warehouse?
Every wholesale, Jobbiug and manu-
facmring cohcern. located in cur
midst coud probably 'pread out and
do larger volume Of business if they
were in position to secure at rea-
sonable rate of interest the funds
necessary to handle an increased
volume All of these interests have
surplus stocks whi:h they carry for !
different reasons, ana If they cou i
use this stock as a basis for credit
they could secure all the funds the
require al a very low rate of Interest.
4 bonded warehouse receipt IS
looked upon by the large eastern
ppug, aoutarg nc tho ,,,rt- hot oct /
lateral that is offered, aud one of our
bankers, who is member of this
I lis us that he has in
festigated aud knows that loars
'oud be negotiated with eyarehouse
'eceirts attached at lower rate #
interest, than .couid oe gotten with
INV ether class Ct collateral
EGrplus stocks could be carried in
bonded warehouse at a nominal cos.
ii storage, a low rate of insurance.
mi IN this way save our merchants
great deal Of expense. over what J
hey are now paying This iced a..
lies more 10 handlers e large b'oals
1 merchandise, but az the same time =
can be used to advantage by any
m holding a surplus of goods with q
recognized market value. on wlilh !
e desires to negotiate loan. II
Besides the needs of Cairo's own b
us'Ress people the city at large
eeds a warehouse, because II would s
Tract outside interests. 70 store |
heir surplus stocks here. that iher
ara g. distribut within a radius OF ,
op miles. either al the time they
toio or on business they have for
atc' delivery. Some Of the larg,
ulteru concerns = aow storing such
Ines as coffee. sugar canned goods.
aimed milk. and drugs in this city
making Cairo . distributing point. not
MI for SIS own business. but they
r. takiu- care ~ business from
.e~c. Of the smaller markets.
n they DO this now with the poor ]
tfgice they get does IL not stand 10
eason that We SHOULD try % give !
hem better faciliiies-
! have been told by bankers and ,