The Birmingham age-herald., 1914-09-07
Had Action Been Taken Present Situation Would
 Not Have Arisen
RESOLUTIONS WERE
 ADOPTED AT TIME
Governor Disagrees With McAdoo's Belief That No Other Aid Than Announced by the Treasury
 Department Is Needed
By HUGH w. ROBERTS


 ury department of the American gov. ernment, Is of the opinion that no leg. isiatfon supplementary to his plan for financing the southern farmer is neces- sary. According to the Montgomery correspondent of The Age-Herald the governor of Alabama disagrees.
 It is even stated by the correspond ent that the governor Is so thorough ly convinced that unless Alabama con structs warehouse in every coutny of the state the plan of the secretary will avail nothing. If this authority is to be believed the governor, to meet the situation. would assemble the leg islature in extraordinary session.
 While it is very probable that a great many people informed equally as well as the chief executive will be Mound in possession of ideas directly antagonistic, it Is interesting to recall that as long as three years aga a con ference of cotton growers, assembled in Montgomery. indorsed resolution calling upon the state of Alabama and all other southern states--to do exactly that which the governor now thinks should be done.
 Tt Might Have Been"
 The Southern Cotton Growers con. sress was in session September 15. 1911. and enacted the resolution in question. Those who attended that congress, es- pecially the author of the resolution, Charles J. Haden of Atlanta, now pres ident of the Georgia Chamber of Con- merce. contend now that had the states acted in accordance with the desire of the farmers the present situation would have been obviated. Alabama has good excuse to offer in that since the meeting of the farmers, there has been no session of its legislature Inasmuch. however. as it is possible that the resolution--even the meeting of the Congress--has lost it's place In the memory of the executive mind. the resolution is herewith reproduced
 Whereas, cotton enjoys the high est rank as security for loans above all other commodities and abundant money may be had both at home and abroad to carry the cotton crop for any reasonable time and at all times. provided financiers have confidence that their rights will be protected, and
 Whereas, private warehouses not uiiuGt adptiNlSioh dc iOt, as rule. command confidence beyond the personal acquaintance of the pro- prietors Of such warehouses, ana
 "Whereas, the supervision and in- spection of the sovereign authorities requiring adequate bonds of such to protect all persons do- Ing such business with such ware houses duly certified and registered at home and abroad, would command of the financial world and make cotton collateral good for loans both in America and in Europe at the lowest current rates of interest there- fore. be 1t
 State Warehouse System
 Resolved, That the legislatures of the several states do. by appropriate iegisla- tion, provide for system of state ware houses, said warehouses to be of the high est modern standard of safety. and spe- cially adapted to the storage and handling of domestic. products which are required in the interstate and export trade and for the storage and handling of cotton: that said system embody the general plan;
 First That any person, firm or corpo- ration desiring to do warehouse busi- ness under said system must first con- strucst warehouse of the standard re- must execute and deliver a good and sufficient bond, payable to the governor in amount to exceed the highest estimated storage capacity Of such warehouse. which bond Is to inden- nifty against loss all persons having prop erty stored in such warehouses.
 Second, That a capable person or per sons. selected by the governor, shall be appointed to overlook such warehouse, such appointee to give Indemnity bond for the faithful performance of his duty. 1t shall be the duty of such appointee to Inspect the weight. counts and measures of all property, goods and articles depos- Ited in said warehouse. and to certify off, flcially on the warehouse receipt given by | said warehouse to it's customer. that the property, articles or goods described In. said warehouse receipt were actually placed in said warehouse. and that the signature of receipts are genuine,
 Receipts of Warehouses
 ''Third That all the regulations neces- | sary to effectuate said system be set 'orth in the law creating the same, adopt | ng. 50 far as may be practicable. the | present. plan of regulating the national | banking system and the plan now In force with reference to bonded whisky ware lcuses under the national internal reve- tue law. 1t being the intent and purpose O give such receipts issued by suclil the highest possible rank as Il ecurity for money advances at lowest \ ates, 70 growers and shippers may sell