The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1909-05-05
WAREHOUSES; FOR COTTON.
SEVERAL SPEECHES MADE Arr
FARMERS UNION MEETING.
Mr. Il. b. Stackhouse Explains the
Ware House Plan for Ffnanctus.
Cotton-GOvernment to be As&esH
10 Send a Man to European Mar.
kets to Gather Data-Other Nevs

Columbia, April 30.-How to finance.
the cotton crop was again diseussets
this morning at the open session os-
the Farmers Union, and several in
teresting speeches were made by rep
resenstative business men of Ceh,us--
bia.
Ihat concerted action is necessary
In order to finance the cotton cror,
and to this end warehouses are need
ed are the principal conclusions from
the talks before the Union. 1t has
also been shown that cooperation be-
tween the farmers and the banks ara
necessary to bring about this cordf--
tion' so that the cotton crop may be-
marketed at its true value and the.
farmers have some voice in control
ing the price Of the staple.
Mr.. Beverley Herbert addresses
the meeting today, welcoming the
delegates on behalf of the chamber of
commerce. Mr.. Herbert stated that
hearty cooperation of business IN
terests is what is needed to bring
about satisfactory condition Of ffnan-
cling the cotton crop.
Governor Ansel told the delegates.
in a very happy speech that he was
In sympathy with the work being done.
by the Union. "It's a great work.
said Gov. Ansel, "in building up ain
interests of our State"
Mr.. T. B. Stackhouse gave the dele
gates some information as to ffnanc-
Ing the cotton crop by means of ware
houses. Mr.. Stackhouse is president
OF the Standard Ware House Company
and Is up on the subject of warehous-
ing cotton. He states that the banks
OF the State cannot loan enough
money to finance one crop while an
other is being made. Mr.. Stackhouse-
recommended to the Union that there
should be central points where ware.
houses should be erected and that COT
ton might be shipped to these points
| from the stations around, and them
the cotton would have to be given the
through rate to the distributing points.
which 1T would have received from the.
| original point. The points for the,
larger warehouses recommended by,
Mr.. Stackhouse are: Chester. 25. O0os
bales capacity warehouse; Darlington
or Florence, $4,000 bales; Sumter, z5,-
600; Denmark. 1000 and Spartanburg.
| $500 bales. This would give an ad-.
| ditional 100000 warehousing capacity.
and would place sufficient cotton in
store to affect the market At pres
| ent the Standard Warehouse Company-
has $4,000 bales capacity in it's ware
| houses; independent warehouses have
$4,000 capacity, and Charleston is able.
to take care OF about 10000 bales
| making a total of $4,000 bales. With
| the above warehouses, as recommend
| ed by Mr.. Stackhouse, there might he.
stored nearly the amount of bales
| necessary. as estimated, to affect the
cotton market in a marked degrees
Mr.. Stackhouse recommended that the i.
warehouse interests be separate from.
that of the producers or the ones who's
receive the warehouse receipts for cot
| ton in store.
Mr. F. H. Hyatt, of this city, who
was in close touch with the work OF
the Cotton Association, commended
| attitude of the Farmers Union, and
hopes that the cotton crop in this
state Will reach the place it rightfully
owns as being the monopoly Of the
South. Mr.. Hyatt gave some interest,"
ing statements from his experience i'm
this line, and his remarks were yerv.
much appreciated by the delegates.