The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-10-04
BILLS IN eENgRAh ASSEMBLY.

LOT an emergency warehouse systeml
Tor storing cotton and state validationI
OF cotton warehouse receipts, prohfbia-I
Ing the planting of more than eight
acres OF cotton to the plow In 1918
and bill 10 submit to the people AZ
the coming generals elections. a 1yt .y.tas.
posed bond issue ofsS1 500, ,og6 to place
the state on cash .basis atsd comolefe
the state asylum, dave been prepared
and VIII be introduced simultaneously
in the house and senate when. the geiS
eral assembly meets ON Tuesday, az
to consider means for relieving tIs
Kay spent the week end with relatives
next week In extraordinary session,
crisis now facing the state tbkouA
the closing of the European cottoK
markets. 9T
These bills were agreed on and,
drawn up by Senator John l.. Mo.
Laurin, of Marlboro, and Represents
tive w. F. Stevenson, of Chesterfield.
who will Introduce them In their 1rG
spective houses. Mr.. Stevenson met.
Mr.. McLaurin in conference at the iats
ter's plantation in Marlboro county
where the bills were put in shape and
are nov ready for introduction. All,
that conference the only otter persoif
was w. d. Grist, editor of The YorE.
Enquirer. -
The warehouse bill is an emerg-
ency measure and provides for the
state tostakei iqverisuch warehouses ali
the commission thinks fcasible for thtI
purpose of storing cotton. lThe lsoms
mission to handleJthe measure under
the bill will consist Of the governor.
commissioners of shgriculturo and I 4
third member. toF be elected by the
fegisiature. $4,000 is to be approprfs: !:
ated to put the measure into effect
Immediately. The state is to validate
all warehouse receipts and act as the
agent for the individual grower to get
a loan on this cotton. To this end the,
authors point the way to the Introduce
tion OF banking bill, the establish
ment OF q central bank under the ma
tional banking act by the state which
would negotiate the loans for the inss
a::-:aa:::..! S-c%%e-s &c Gotten or the
warehouse receipts, the money to be
gotten directly from the government
treasury and lent to the farmer at as
cheap a rate as possible, little to be
charged for commission which would
go towards the expenses of the bank
This would be the establishment Of q
state bank. A measure which Is. now
being debated by khe Texas legislaturs
for that state. The warehouse receipsl
is to carry s.S s. sss ssifEEss ID sh
cotton, and MEANS have been. devised
to this end in the bill without dangefI
So liens which may exist ON the colt
tom ''4ot Il = '.n 1s'9G &
The acreage reduction bill would
prevent the planting Of more Ftan fifty
per cent of that of 1914, and Il based
on the amount of stock used in culti1
waiting the presehtrgrop. 1t would al /
low maximum ofSeight acres OF cot
ton to the mule. Heavy penalties are
attached to any excess which is made
s criminal ofHense. punished ;by.a fine
Of $sS so2 every acre over eight plant
I'd. or imprisonment at hard labor. In
survey is to be made by. the clerk of
court The constitutional amendment
for $1,5o0,o00 bond issue at A per cent
to place state on cash hasis and eomy
plete asylum, is the idea of Represents
case OF dispute as to the acreage g
tatiye Stevenson. It Is suggested that
funds arising there from could be used
Temporarily TO finance the warehouse
measure end then be replaced. 1t id
also suggested that such bond n6ney
could Ss used Scf g psssi6ie extehsi5le
of tho payment OF taxes. .itAss2isst5Ss %
The idea OF the authors of2 tiiesa
measures Is emergency legiBiati6a
which they believe. wiIT enable thd
state 60 herrow money direct from Sfia
federal government through! state
bank to be established by seppIepien-
tai legislation, and loan it., ,direct %
the cotton producers at low rate OF
interest They would have tho meas
lures to so into effec ilnGediately, SO
as to afford instant relief ard save the
situation now threatening the Souths
7 Senatorf EfcLauria lsst tonight for
N.Y. - -