Cheraw chronicle. [volume] (Cheraw, S.C.) 1896-2005, 1914-10-01
EMERGENCY BILLS pRAwxs
To Be Sent to Legislature Next Week
One ON Cotton Situation and
Other to Put State on Cash
Basis

Basis
Columbia, September 38.-Bills
providing for an emergency 'warc-
house system for storing cotton and
State valadation OF cotton warehouse
receipts, prohibiting the planting OF
more than eight acres Of cotton to the
plough in 1916 and bill to submit
to the people at the coming general
election a proposed bond issue Of
s1,50O.O0O to place the State on cash
basis and complete the State Asylum
have been prepared and. will be intro
duced simultaneously in the House
and Senate when the General Assem-
bly, meets on Tuesday of next week In
extraordinary session, to consider
means for relieving the crisis now fac
ing the State through the closing of the
European cotton markets.
These bills were agreed on and
drawn up by Senator John L. Nc
Laurin. Of Marlboro. and Represen-
tative w. F. Stevenson, Of Chesterfield.
who will introduce them in their res
pective house. Mr. Stevenson met Mr,
McLaurin in conference at the latter's
plantation in Marlboro County, where
the bills were put in shape and are
n nnyU FIJI MT NJ
conference the only other person
present was w. D. Grist, editor of the
Yorkville Enquirer.
The Warehouse Bill.
The warehouse bill is an emergency
measure and provides for the State
to take over such warehouses as the
commission thinks feasible for the
purpose of storing cotton. The COM
mission to handle the measure under
the bill will consist of the Governor,
commissioner of agriculture and
third member to be elected by the
Legislature. Fifty thousand dollars
$ to be appropriated to put the med
ure into effect Immediately. The
State is to validate all warehouse 70.
ceipts and act as the agent for thd an.
dividual grower to get a loan on th,,
cotton. To this end the authors 2po,n
the way to the Introduction OF Hhank
ing bill, the establishment of CEN
trail bank under the National Banking
Act by the State, which would negoti-
ate the Ions for the Individual grow
cr of cotton on the warehouse receipts,
The money to be cotton directly from
the Government treasury and loaned
to the farmers at as cheap a rate as
possible, little to be charged for
commission, which would go towards
tie expenses of the bank. This wouN
e the establishment of State banL
a measure which is now being debated
by tne Texas Legislature for that
State. The warehouse receipt In 70
carry the absolute title TO the catto~
and means have been deyised t6 M
ag16lAr ~. e
wilic rpay exist on the cottoh 3 81
The acreage reduction bill would
prevent the planting Of more than 80
per cent of that of 1914, and is based
on the amoust of stock based ON the
amoGI- OF stock used in cultivating
the present crop. 1t would allow q
maximum of eight acres, which is
made criminal offence punished by q
Arc of S25 for. every acre over eight
planted or Imprisonment at hard labor.
III case Of a dispute as to, acreage q
-urvey is 20 be made by the clerk of
co"rt.
The constitutional amendment for
Sl,500,00O bond issue at per cent to
place State on a cash basis and COM
p'cte the asylum is the idea of Repre-
H"r'a i've Stevenson. 1t is suggested
that funds aricing therefrom could be
lsed temporarily to finance the ware
house measure and then be replaced, II
is also suggested that such bond money
could be used for possible extension
of the payment of taxes.
The hope of the authors of these
measures is emergency legislation
which they believe will enable State
o borrow money 1rect from the
FEDERAL Government through State
bank to be established by supplement.
al legislation anl loan it direct to cot.
ton producers at a low rate of inter
est. Theywould have the measures tc
go into effect Immediately SO as to
afford inant relief and save the situ.
alton now threatening the South.
on. for New Orleans.
Senator McLaurin left tonight fol
New Orleans to attend the general cot
ton conference. He will be joined here
by Representative Stevenson, and they
with Er. Wade H. Stackhouse, the
president of the State cotton congress
will go to Austin, Texas, to urge or
Governor ColQuitt and the Texas
Legislature the passage of bill reduc.