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

Columbia, September 2S.-Bills
providing for an emergency WARE
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
s1,5OOOO0 to place the State on a 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
now ready for introduction. At that
conference the only other person
present was w. D. Grist, editor of the
Yorkville Enquirer.
Tho Warehouse Bill.
The warehouse bill Is an emergency
measure ard provides for the State
to take over such warehouses as the
commission thinks feasible for the
mission to handle the measure under
the bill will consist of the Governor,
commissioner of agriculture and
third member to be elected by tho
Legislature. Fifty thousand dollars
$ to he appropriated to put the meS G.
ure into effect Immediately. Tbe
State is to validate all warehouse ire.
ccipts and act as the agent for tha IN.
iivdual grower to get loan on th,,
cotton. To this end the authors no,n
the way to the introduction of a xhank
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 co.ton on the warehouse receipts,
;he money to be cotton directly from
The Government treasury and loaned
70 the farmers at as cheap a rate as
'ossible, little to be charged for
commission, which would go towards
tie expenses of the bank. This would
. the establishment of State bank
Il measure which is now being debated
by tle Texas Legislature for that
State. The warehouse receipt is tn
carry the absolute title to the cotto.
and means have been devised to this
aead dsip, the llills withoutz zdane esr4 to H.
Which may exist on the cotton.
The acreage reduction bill would
prevent the planting Of more than so
per cent of that of 1914, and is based
on the amoust of stock based on the
lno@r- OF stock used in cultivating
TIE present crop. 1t would allow q
m1Nimum OF eight acres, which Is
made a criminal offence punished by q
h~c OF $25 for. every acre over eight
Il,.ntcd or Imprisonment at hard labor
Il Gaze OF a dispute as to acreage a
;.rvcy is 20 be made by the clerk of
I 'O!.r'
! H,5c0,oH0 bond issue at per cent to
place State on cash basis and COM
| r'c,c the asylum is the idea of Repre-
| '""'" i've Stevenson. 1t is suggested
that funds aricing therefrom could be
sod temporarily to finance the ware
| house measure and then be replaced. II
is also suggested that such bond money
cGuld be Used for a possible extension
! ni the payment of taxes.
The hope of the authors of these
measures is emergency legislation
i which they believe will enable State
o horrow money nrect from the
! 'a'"ral Government through a State
/ bank to be established by supplement.
al legislation AMI loan it direct to cot.
ion producers at a low rate of inter
'st. Thcywould have the measures tc
go into effect Immediately so as to
afford inant relief and save the stu.
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 Steven son, and the,
with Er. Wade II. Stackhouse, the
president of the State cotton congress
will go to Austin, Texas, to urge or
Governor Colquitt and the Texas