The Union times. [volume] (Union, S.C.) 1894-1918, 1914-08-28

FNP>A oee So up iihe d SkyrOcket as
soon as subjected to the restrictive
powers holding the government to
hxed lines of procedure. They had
far better get down to the real work
OF organizing for holding at least a
third of the crop in warehouse and
arranging to hold as much more as
they can on their own account in the
seed if possible. Anything that is
done in Washington will be predicted
on the utilization of all the warehouse
space that can be mustered. Our peo-
pie all through the South should COM
plete their organization of the South
ern Cotton congress by States, by
counties and by townships and in this
State on Thursday in each county a
warehouse committee consisting of
one from each township, whose duty
it should be to get complete informa-
tion as to all the warehouse facili-
ties, should be provided for. This is
the work that is needed right now;
1T is puerile to waste time discussing
visionary schemes of finance when
the strongest minds in the nation are
already approaching the only solution
of the intricate financial tangle that
is impossible. 1t should also be every
mans business to see that his neigh
Dor does not wilfully in a moment of
hysteria dump his cotton on some
platform at ruinous price.
Unloading in Texas.
"This very thing had begun IN the
State of Texas during last week. The
Texans had severe problem before
them, and there was no wonder that
they began the effort to unload at any
kind of price. That great State
came to this crisis with practically
no warehouses of any description
The growers became hysterial There
is no such condition there as we
have here in regard to warehouses.
We can take care of 100000 bales if
we have it to do, and three is no .ac-
tual crying need for an extra ses-
sion of the general assembly to pro-
vide for State warehouse system
without careful consideration of the
details. Gov. Colquitt has called
session of the Texas legislature and
that body convenes in Austin this
morning with a view of making pro-
visions that will give legal standing
to temporary warehousing methods.
We earnestly appealed to the leading
men in Texas to put a stop to the
hysteria there which was making
growers and handlers of cotton offer
thousand bale lots in this territory
at 9 Ia cents delivered, as they had
begun to do. The kilograms I am
giving you show that this has likely
been accomplished. We are now
working to stem the same kind of a
tide in southern Georgia where some
farmers began few days ago to try
to sell at cents a pound. On Tues
day the Georgia division of the
Southern Cotton congress will per-
feet it's organization at meeting in
Macon, and take the situation in hand
there.
"In Washington the necessary
steps are being taken as rapidly as
possible. Congressman Lever wires
me that the Hoke Smith-Lever ma
tional warehouse measure, which is
an essential to any federal financial
aid, will merely supplement existing
or State warehouse systems and give
the federal government the necessary
supervisory connection with any
funds put out against cotton ware
house receipts. He states further
that this bill and the cotton standards
measure, another essential step, will
both be reported favorably early in
this week. Something definite will
doubtless be known in the next two
days as to whether the State banks
are going to be able to avail them
selves of the emergency. currency.
But it is unnecessary to discuss the
four methods by which the necessary
money is to be obtainable to finance
the one-third of the crop, which it is
uniformly recognized must be cared
for, and which is all that possibly car
be cared for. The efforts are all di-
rected at help for the man at the
bottom-the man who grows the cot
ton. But such a thing as direct loans
to the farmers or the government
bu:y;iiaa bu:yias z ana holding the cotton is sim
ply out of the question and the sooner
we dismiss those vision the better it
will be for everybody"
Situation in Texas.
President Watson yesterday ad-
dressed the following telegram to