The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-09-27
TO RELIEVE COTTON
STORAGE PROBLEM
Arrangements Perfected for
Meeting Extraordinary De-
mand by European War.
AID FINANCIAL SITUATION
Treasury Department. Federal
Resere Board and I. c. c. An
nounce Regulations.

WASHINGTON, September 26.--Ar-
rangcments were perfected to-day by
tho Interstate Commerce Commission in
connection with the, Treasury Depart
mcnt and the Federal Reserve Board
10 relieve the cotton storage situation
IN the South. These branches OF the
government have Joined in assisting
cotton planters and railways of the
south in meeting tho extraordinary de-
mand for the storage or cotton, oc-
casioned by the European war
The commission. In an announcement
OF the new tarin and transportation
regulations made to-day. said that for
the purpose of providing temporary
warchousing space for the storage of
cotton. under arrangements approved
ny The Secretary of the Treasury and
the Federal Reserve Board. and for
riers to recognize tho warehouse az
points for the storage of cotton. in
order that such points should DC given
the benefit Of transit privileges, the
Interstate Commerce Commission has
authorized the carriers Of The South
to publish and file tariffs establishing
on their lines rules, regulations and
charges governing the storage OF cot
ton during the cotton year ending
August 81. 1915"
The regulations issued by the COM
mission are expected not only TO re-
Z
important, the financial situation.
which, to cotton planters, has become
serious or account OF the difficulty in
marketing the cotton crop. With
warehouse receipts for their cotton, the
planters will be able to realize at once
upon it. and then may await "A favor
able time for forwarding the crop to
final destination. The expense Of the
shipments and warchousing has been
liked at n minimum
REGULATIONS WHICH
MAY BE PUT INTO EFFECT.
Following are the commissions regu-
lations. which the railways are author
lied 10 put into effect immcdiately upon
iiling the necessary tariffs:
Il. Cotton shipped for warehousing
and rcshipment must he consigned TO
the warehousng point. and freight
thereto paid on basis OF the full local
rate, upon which the delivering agent
viii give paid freight receipt, which
the holder OF the cotton should re-
tain for the purpose Of securing re-
shipping privilege.
80. Upon reshipment from the ware
housing point, the shipper will be re-
quired to surrender to the agent OF
the line bringing the cotton into the
warehousing poin; the paid freight bin
Governing that Identical cotton. The
number of bales, marks. and weights
OF cotton. as forwarded from the ware
paid freight bill. and in addition the
shipper Will be required TO certify OH
the back OF the paid freight bill that
the cotton rendered is the identical
cotton received hereunder. The
shipper will also be required to sur
render to the railway agent at the
time of rcshipmcnt the bill of lading
covering the movement of the cotton
into the warehousing point, unless the
bill OF iading for such shipment shall
have previously surrendered TO the rail
way.
-: rhereupon the agent will issue a
through bill OF ladins 10 the further
final destination at the through rate
from the point OF origin to such
further final destination in effect at
the time OF the original shipment into
the warehousing point. plus cents
per 100 pounds. provided such further
final destination is Il point TO which
there are established through rates in
effect from the original point of ship
men, via the warehousing point pro
vided, that at the option of any in
;crestcd line the minimumthrough rate
will be that from the warchousing
point. plus the stoppage charge Of
cents per hundred pounds). Where
the rate from the original point Of
shipment TO such further final destina-
ton is less than the rate from the
original point OF Shipm ent to the ware
housing point, the lawful tariff rate
TO the warchousing point, plus the stop
page charge OF cents per 100 pounds,
will he charged rs Il minimum.
e. Shipments will be waybillcd out
OF the warchousing point at the balance
of the rate, plus the stoppagc charge
OF cents per 100 pounds. The distribu-
ton of revenue between connecting
lines shall he on Il basis Of through
rates and divisions, cXceH that the
3-cent stoppagc charge shah accrue to
the line bringing the cotton into the
warchousing point il being a condition
of this privilege that the line issuing
the bill of ladin2 our Of the warehous-
ing point shall be the line bringing the
cotton into the warehousing point
-. All connecting line switching
charges vii, be in addition to the
through rates. and in addition TO the
3-ccnt stoppagc charge and where cot
ton is redclvcrcd to II carrier from
a storage warehouse for delivery at
a point in the same industrial zone. the
osta blishcd transportation charge shall
apply