The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1908-09-09

4
of The benefits CT bonded warehouse
lat once and all would do so in time
That portion Of Mr., Asthorpe's ad
dress referring to this project was
crowded. cut az .he rc crt Of the
meeting. but will be Of interest to
ltAo general public aud is here pre-,
Isanted, to-wit:
A. citizens and business men We
are All Interested in the upbuildlng cr
IN Greater Cairo, and many su2gts
| ticrs have cmeuatcd around this
-ahlr with that in view, some # which
| | would like to sec carried Crt and
Eeliyc they car he carried ont we
want more factories, we want new
business enterprises of all kinds, and
We should have them. | feiovc in
time they will come to us, If we viii
Ian work to that end, There is on
project which I have IN mind that !
believe practicable and would do more
at the present time, to upbrild cur
commercial interests and en- 'arge our
manufacturing industries than tny
other one factor that ! know Of II j.
a public warehouse. A building IN {
is fire proof protec, al by automatic
sprinklers, operated by the comaat
owning same, its employees hCnied,
with every physical and financial pro
lection on the ccmTod ties stored
therein aud the receipts covering
same Against such collateral VIII h
"a company of this kind wou'd issre
storage receipts, am sure that money
could be obtained readily and lean d
upon to the extent Ct rs to 90 per cent
Of the ordinary market values of suc4
goods in storage Insurance in a
building of this kind could be carried
at cost of from one tenth to o g
fourth of one per cent per anlum
have taken the trorble to maze a few
Inquiries into warehouse companies
and find that the rates for stOrag
handling etc, in most of them are
very low in matter Of carrying
charges, dry goods boots and shoes
canned goods and many ether COM
mcdiues of this nature stored iu "a
warehouse OF this kind, would cnab @
cur manufacturing industries and cur
iCbbing houses 10 enlarge their husi-
ness without having to enlarge their
capital, Rates of interest advanced
on loans of this kind. could | ann sHra,
he obtained at the minimum market
rates, as they may exist from time 10
time i'm our money cpnters
A building of this kind locate .
where all our railroads could easily
gel to same raised high enough so
that the first floor would he en- a level
with the car floor on the track along
side OF the platform of such building
the lower part Of said building could
he so constructed in the nature OF a
low cellar or basement with cold stor-
@eg for the proper storage of canned
goods. lemons, oranges, apnI S.
vinegar, wines and liquors. i'm fact.
anything Of this kind
I mention this arrangement as a
suggestion, as ! believe that a build
ing should not be more than one story
high including a part basement Il
could be built entirely of concrete
aud steel, absolutely freproof, and
costing in the neighhorhood. say of
$50 600 which would be capacity suf.
Gcieut for a company to start with in
this city. The company could be or
garized with $4,000 capital paid up
IN I $4,000 of bonds or with $4,000
aalt'tal If so desired in stock The
stock OF such a company should be
subscribed by all OF the larger bust
ness houses in this city. Tho bonds
if issued could be placed among i'm
YES tors. With warehouse company
organized and operated along the
line7 ] have mentioned, believe
would be a great factor toward the
enlargement of trade in this city, at
the same time help build up these
concerns now in our city who have
not capital to enlarge their business
In some method of this character, "a
great and lasting benefit and growth
i'm commercial interests can be- accom-
pli-hed