Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1910-06-15
SULLY'S AVOWED AMBITION.
Predicts Revolution in Cotton and
Saving of $1OO,OOO,OOO Yearly.


J. Sully, Just back from London, at-
ter successfully floating his farmer
certificate" and Revolutionary cot
ton gin" schemes.
Sully brought with him the finan-
cial backing. of Il big British syndi-
cate for the promotion of the Ameri-
can Cotton Securities Company,
which Is to establish Il chain of ware
houses all over the South, and en-
plot the Doremus machine, which,
it Is claimed, will gin cotton faster
than anything in use.
Sully called on President John
Hays Hammond, Of the securities
company, at his Broadway offices,
and reported his dealings with the
l.. llirsch and other English houses,
which are said to have pledged all
the millions necessary.
TO Stop Enormous Waste.
"Our enterprise, while planned pri-
marily to make money" observed
Sully. to an American representative
"is also philanthropic 1t is intend
ed to protect the cotton farmer by
the issue OF guarantee certificates, ne
| Sotiable all over the world, and to
stop the enormous waste by new
| processes of ginning and warehous-
| ing. Over year ago | advocated, in
an article in the Cosmopolitan Maga-
zine, graduated governmental sub
sidy on cotton, together with a chain
OF bonded warehouse issuing receipts
which would insure the stability OF
the cotton market.
Economically controlled, cotton
would make financial depressions
and panics in the United States i'm
possible. The government does not
seem to take kindly to the PROPOSE
ton, SO we have concluded to try
it ourselves"
I'm the progress Of his cotton from
field to market, the owner Is COM
PEELED to suffer loss which could
and should be avoided.
How Warehouse Plan will Work.
ITO keep this stupendous yield
: from falling into the hands of manip-
ulators, we will establish a chain of
warehouses, where growers can store
their surplus. We will issue a GER
tifcate, showing the number, grade,
weight and marks on the cotton.
| Ihese certificates are to be made
eXchangeable in any part Of the
world, at the prevailing price Of cot
ton on the day the owner desires to
sell.
"To-day the Southern cotton far
mer must take his crop to the near
est market, and sell at the best price
possible. Under our plan he can OBJ
tain warehouse certificates, which he
may deposit at his local bank, which
he could re-discount half in New
York or European centres. The
| grower, instead Of parting with his
! whole crop at sacrifice, could bor-
row enough on his certificates to pay
his debts and still remain factor
! in the cotton world.
Great Ecconomy in New Gin.
Again, our object is to conserve
the cotton crops. The annual waste
on 100000 bale crop would be
500, 100000. This can be almost,
If not wholly, stopped by the prOpos-
ed chain Of warehouses and the new
ginning process. With the old Whit
ney plan, which came into being III
years ago, We can gin only 500
pounds OF cotton per hour. The Do
remuS machine occupies only one
third OF the space and will produce
in the same time 1000 pounds of
cotton. The operation of this gin
will revolutioniZe the cotton indus
try and work vast economies, the
profits Of which will go to the grower
and spinner"
Mr.. Sully added that his company
had been capitalized at $10,00O,-
| 900, with reserve Of $4,000, 900,
and that foreign and American back
ing to an unlimited amount is as
| sured.
The Conservation OF Natures Re-
| sources
applies as we'll to our physical state
as to material things. G.. J. Budlong,
| Washington, II. L., realized his condi-
| ton, and took warning before 1t was
too late. He says: 81 suffered Sc
verely from kidney trouble, the dis
ease being hereditary in our family.
| have taken four bottles Of Foley's
Kidney Remedy, and now consider
myself thoroughly cured. This should
be warning to all not to neglect
taking Foley's Kidney Remedy until
1T Is too late"