The Birmingham age-herald., 1914-08-23

metal tags. Then IT the pale IS irauu u- . llently packed the mill can trace 1t back to the depositor. This has been done many times under the present crude, careless system.
 Establishing Character for Farmers Another good feature of this is, that cotton properly classed, wrapped, weighed, | carefully handled by the farmers In pick ing, grown in a favored section as to soil, will be sought for. and the Euro pean mills would put a premium on cot l ton, from say, the fine Sand Mountain l section in this state, on account Of LIS color, cleanliness and staple. This, they
 would know, from the initial tag found
 inside and outside of the bale stamped | Alabama Warrant Warehouse No. l, | Class **2, weight 510 lbs" This would
 show, Good middling class. staple 1h
 inches." by way of Illustration.
 heavy penalty should be provided for | altering or removing these tags, or the l stamp marks on the bagging, after they
 are officially fixed A buyer or broker, after delivery to him on warrant receipt
 of bale may affix other marks or tags,
 if he desires, but not in such a manner
 as to alter those officially placed on the | bale.
 After the delivery of bale on a war rant, it may not be again stored in a
 warrant section of a bonded warehouse. | This to avoid frauds, swapping bales, l changed class and confusion in keeping | a check on the warehouse by state au- | thorities. There will supposedly be the commercial cotton warehouses of the pres- | ent, doing business. and withdrawn cot | ton can be stored there under the re- striction as to changing marks while in Alabama. however. It would be well if ation by federal statutes as to interstate commerce.
 | All warrant warehouses should be bond
 ed for the faithful performance of this trust
 All receipts should be issued by the
 state agricultural department in blank.
 The federal government could probably
 be induced to have these prepared on
 special bond paper by the bureau of print ing and engraving.
 The receipt should show the warehouse number and its location; should be for only one bale; show the weight and class and bale number; should be signed by
 the official classer and by the official sworn weigher, and also by the duly ap- pointed custodian of the warehouse.
 The charges for storage and insurance are to be fixed by law, and to cover periods of three, six and 12 months; this to De printed on the receipt. All charges to follow the bale, that is to become due and payable on delivery of the bale, upon surrender of the receipt. All cotton Is
 to lose It's identity as to individual bales
 delivery to be made in pounds and ad-
 justment at current market prices of diff
 ferences of pounds. Provision to be made
 for regulating uniformity of bales as to
 size, by repacking cotton bales over $50 pounds. and under 45O pounds in weight
 Once this standard as an arbitrary is established, farmers, who expect
 to store their cotton in a warrant warehouse. will meet these, require ments at the press when packing their cotton.
 A system of regular and frequent in- spection and checking up the number
 of bales. and "class" as to numbers of
 bales. also. to be establAhed by the state agricultural department
 Weekly reports sworn to by the cus- todian of the warehouse as to the num- ber weight and "class" of bales re-
 ceived for storage, to be filed with the commissioner of agriculture; also the number of bales delivered on surren- dered receipts
 All receipts upon which delivery has been made to be fully canceled in the presence of the agent of the owner of the cotton delivered on such receipts This is to prevent fraudulent reissue
 of receipts or their use, very neces- sary safeguard in the light of tho rasca1ity in the matter of ordinary
 warehouse receipts many times in the
 past. w Practical Workings of System | It is evident that Congress intends
 at the present session of 'bell the cat'' of cotton gamblers, who have used ev- cry zephyr to move the price up or down. in the< buying and selling of
 their crop, planted on boards with chalk. and, gathered in shekels by clerks, the real producer getting the "hot air" over the wires to depress the price of his product It is all bum combe about the closing of the New York cotton exchange preventing the getting of quotations on real cotton
 Every we'll informed merchant knows that of late the future quotations of the New York cotton exchange in no remote degree represented spot cotton of spinnable grade. And the New Or leans exchange had become, according Of the New York exchan0e rf No-r o~