The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1912-08-31

bought under two forms of contract:
CD Have delivered terms" under
which the buyer pays in cash on de-
livery from the vessel and on the ba-
sis of actual landing weight (spot cot
tom; CD c. /. f. and per cent tare."
The most intelligent opinion in the
cotton tare at Havre holds that per
cent is fair rate on American cot
ton for tare, but that per cent would
be too low and 6 per cent is too high
After careful examination of the
circumstances and without bearing
any direct evidence from America on
the subject, / am inclined to sustain
this Judgment
The consul then goes IN to show
now some contracts are made on ba-
sis of actual tare and considers this
point of extraordinary importance is
it affords a ground work for a more
general application Of the mutual
weight agreement between buyer and
seller"
Another point Of extreme import
ance Is the disclosure that in the cot
ton trade Of Havre, American sellers
who are known to ship well baled
and we'll bound cotton get better
price than others. The effect of this.
OF course. is to establish the condi-
tion that better packing produces bet
ter price and thus in effect lowers
tare."
I must leave this discussion for
a time because of other important
matters. but before doing go let me
urge our people to study this ques-
tion in all it's bearings. Take the last
quotation for instance: Even If the
exporter gets a better price for we'll
baled cotton does his local buyer pay
the grower more for 1t than he does
for the poorly baled cotton?" / think
all my readers who have observed the
sale Of cotton at all will agree that he
does not.
The trend of this discussion is to
show that the entire cost of ware
house and inspection system, such as
outlined in the Farmers Union bill
will be more than saved to the farm
ers each year in these economies Of
baling. to say nothing of the increas-
ed selling price by reason Of the sys-
tenn. Nor does it take into account
the vast. possibilities of uniform.
gradual, scientific marketing that will
be developed through the State ware
house system.
There are several plans to market
the cotton crop under voluntary pri-
vate corporations. The trouble with
them all so far as I have investigated
Is that there are too many opportu-
mites for graft. In this State the
promoters seem determined not to
submit to State supervision in the or
of their companies. They
seem to be doing a land office" busi-
ness in some of the other States, and
l greatly fear there will be wrecked
fortunes and damaged regulations.
before we hear the end Of these
schemes. However beautiful the the
plans may be, and however desira Bile
corporation may be. (and we all are
agreed on this), no plan that will not
bear the closest scrutiny of the State
by it's duly appointed officer, in this
State the insurance commissioner is
worthy OF the consideration Of our
people. / say this deliberately. Since
April the Farmers Union has been
trying to get promoters of more than
one beautiful marketing plan to sub
init to the insurance commissioners
examination, but without success so
far. That there have been no arrests
so far is due to our desire to be sure
that we do no injustice to honest men
In these matters alone, the Farmers
Union has been worth hundreds of
thousands of dollars to the people of
this state. In these. and other stock
robbing schemes, the state insurance
commissioners, +. II. McMastcY has
been worth millions to our people.
:.
My friends know how nave labor
ed To handle these great questions