Imperial Valley press., 1912-03-18
PLANS FOR FINANCING
COMING COTTON CROP
NOW WELL MATURED

The warehousing Of the next cot
ton crop is one of the problems upon
which the cotton exchange is now at
work. In connection with the financ-
ing of the crop, for which plans arc
well matured, it will be necessary to
provide for warehousing the cotton,
as the cotton exchange cannot itself
be the custodian of the property upon
which it is borrowing money
Representatives of the Imperial Val
ley Cotton Growers Exchange have
taken up the question with local bank
ers and with bankers in Los Angeles
with the net result so far that the
warehouse question will need to be
handled in a systematic and business
like fashion, but the warehouse ar
rangements themselves need not be
elaborate or expensive. SO far as the
requirements of those lending money
on the baled cotton go, all that VIII
be necessary will be to have the cot
ton raised off the ground upon some
sort of platform, with a shelter above
to keep the sun off and some sort of
an inclosure tight enough so that bales
of cotton cannot be taken away eX-
charge.
1t is the desire of the directors of
the exchange to cooperate in every
possible way with those who have
promised to come to the rescue of
the industry in financial way and to
make them feel that the property up
on which they have advanced money
will be taken care of and protected
both from man and the elements I'M
til the product is sold and the debt
discharged.
The subject of warehousing has
been opened up with several of those
whom it was thought might be in
position to handle this detail, and it
will be appreciated if any one who
has any plan to propose will communi-
cate with the secretary, G. w. Barton,
at Holtville.
IT is probable also that the question
of assisting the cotton growers to OBJ
tain pickers will be taken up by the
exchange at an early date. 1t is real
lied that this is, rather of a large
bite for young Organization to make
the first year of it's existence, and
yet it is believed that a substantial
beginning can be made in the way of
solving this question.
The suggestion has been made that
the exchange invite the cooperation
of some practical and successful en-
ployment agency which has had eXpe-
rience in this line and has ready the
organization and the system for ham
ding this business The cotton eX-
change, through it's organization, will
be in touch with all of the cotton
growers, and they can advise the eX-
change of their needs in this respect
well in advance of the picking season,
and with an employment department
operating under the exchange it is
probable that the way will be found
to bring those needing employment
and those wrestling with the problem
of getting e/cotton picked together.
The directors of the exchange realize,
moreover, that the growth of the Egyp-
tian cotton industry in the valley will
demand the training up of higher
class of pickers, who will take pride
in their work and realize sense of
responsibility from the fact that they
are engaged to harvest a crop which,
! when properly picked, is worth two or
three times as much as ordinary cot
i ton, or when carelessly picked will
| Idepreciate thereby to the level of the
| poorer product.
1t is the expectation that there will
be about 400 acres of Egyptian cotton
grown in the valley this year; the