The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1911-11-08
BETTER PRICES
Plan to Obtain Them Proposed by Dr.
Wade Staekhause Of H;:ea
TO BUILD WAREHOUSES;

TO BUILD WAREHOUSES;
Formers Would be Asked to Store at
1east One Fourth Of TEseic Cotton
:, These Warehouses 81 Hold 1t
Until a Suitable Price Could De
Had.
rae following is the plan for hold
ing cotton, proposed by Dr.. WADE
stscthouse at Dillon, that caused SO
mpch discussion at the meeting oi
+he Farmers union IN Columbia
Thursday night: 49,
.1rbere is no shame greater than
a.Paat. There is no JOY like victory.
rba Southern cotton grower today Is
covered with the shame 0; oe1ea'.
Tit. The union army at Bull Run ne
,s In full retreat; parc-strlcAen ns
h.e +,rned his back to the bears ana
is bustling to dispose # th!s crop
nndor the cost of it's production.
ncan we do nothing to stop TINS
manic of our brother farmers "nicn
not only threatens this crop ou'
noints to few years OF depression
which means a lower leve! OF h'ns
to every man, woman and chl4o III
the South. ..- &c
before it begins. We have lose 'ns
host time to prepare lor this emer-
gercy, but suggest the l0li0"iAs
plan: c,,.b.
ern State capable OF holding one
fourth of the largest crop we are
likely to produce. Ny argument aP-
niles to South Carolina, but saoulo We
dnnlicated in each cotton state anu
+ben combine al, the cotton ware
house cimpanes into whole.
"The farmers should put up the
canital stock to erect the warehous-
.e which should be large storage
hnuses and built at points where SUP
e+itrtion and reshipping prVvliese
40, be secured. This would imply
that warehouses would be nulIt on
" in towns having more than one
railroad, or having water rates anu
where ample fire protection can 0e
--ov;ded-the small warehouse can
never pay. Perpetual motion IS nc
more impossible N physics than IS the
continued exercise Of good business
eense in the conduct of warehouses
and in organizing a holding NOV e
ment Of cotton farmers.
The warehouseman must De maA
~ character. He must be falr oooh'
seener. He must be a sworn welgher'
canable of adjusting equitaoly olneE'
ences as to moisture, damage etc.
an cotton. He should take the noles
of farmers wishing to secure loans
ON cotton and forward the notes VIII
r-.rohouse receipts to the State trus'
company organized to hanole tness
rocaints Such men can be found TO-
day buying cotton for the ieao,ls
exnorters. They are set OF capao!e
men having good, hard, oaslnes:
sense.
Il will take around $1,000 pei
vaar TO employ such men. Then tne
warehouse must keep night water
man the year around. It must oe
hnilt according to certain plans ane
specifications and must be equipped
with automatic spr;nklers AMI nave
two sources Of water supply. I'M
water supply must be absolutely SUI
acent to satisfy the most skeptlca
insurance inspector. Having all thes'
reouisites it is astonishing how smal
the insurance cost. 1t can be rednce'
to - cents on 500 valuation for |:
months. The small warehouse can
afford all this.
"Our normal crop in South caro-
lima is around 100000 bales. one
eonrth OF this, 100000 bales, woul
need 70 be warehoused under m
nlan. would suggest organizing
South Carolina Cotton Warenoss
company, with capital stock OF 81
100000, divided into shares OF 80
each and that the farmers be aske
tc subscribe for most of this stocs
That, say is warehouses be built
central points in the State, eapaoi
of storing the 100000 bales. That
trust company be organizer to COZ
duct the loans on cotton, and tn:
trust company be located ID Coiun
bia. S. c., and it's acts to bind tn
s1.000,0O0 capital stock Of all II
warehouses.
eve would need a high class BAN
er to manage the trust company
Columbia He could find in WI;
money centres he ccnld place h
warehouse receipts and borrow II
money. With: million dollar ass
to back him he could sell his war
house notes in most OF the none
centres Of the country
IhiS plan Is NJ. original ou'
today employed by warehouses
this city, I would suggest that
let alone all the existing warehous
in the State now being conducted
private enterprises. There is amp
field for all the warehouslng COZ
panies now in operation and the S!
+o,, -onono RI
"The State warehousing compan!
should take in all friends Of cott
in the South. They could coopera
with the Farmers Union and
other organizations having for tn
object better selling Of the colt
crop. The exclusive business OF
warehouse companies would be
-, ny0