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

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
81, 100, 900 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 MIR.
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.
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
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 lie appropriated to put the meas
ure into effect Immediately. The
State is to validate all warehouse re-
ccipts and act as the agent for the in
lividual grower to get loan on this
cotton. TO this end the authors point
the way to the introduction of bank
ing BILL tle 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,
The money to be cotton directly from
he Government treasury and loaned
10 the farmers at as cheap a rate as
pcssiblc, a little to be charged for
which would go towards |
tic expenses of the bank. This would |
C The establishment of a State bank,
a measure which is now being debated
by tae Texas Legislature for that
State. The warehouse receipt Is to
carry the absolute title to the cotton !
a2d means have been devised to this
~ the bill without danger to heSl
\ 1>l4ca nay exist on the cotton. -
tThe acreage reduction bill wouldy
prescat the planting of more than 5O
Dor cent of that of 1914, and Is based
,n :ha amoust of stock based on the
lmo.n. of stock used in cultivatlng |
be present crop. 1t would allow a
rnXimum Of eight acres, which is
made a criminal offence punished by
lie Of $2j for every acre over eight
planted or Imprisonment at hard labor.
In case of dispute as to acreage a
.%rvcy is 20 be made by the clerk OF
''rrrt.
The constitutional amendmeL. for
: .5u0 OC0 bond issue at per cent to
place State on a cash basis and COM
p,cte the asylum is the idea of Repre-
'"n'a.ivc Stevenson. 1t is suggested
that funds aricing therefrom could be
..ri temporarily to finance the ware
house measure and then be replaced, II
is also suggested that such bond money
could bc rsed for possible extension
ol the payment of taxes
The hope of the authors of these
measures is emergency legislation
which they believe will enable State
q hcrrOw money ,Grect from the
Hr!rraI Government through State
bank TO be established by supplement-
al legislation AMI loan it direct to cot
ton producers at low rate of inter-
-. TirywOuld have the measures to
90 into effect Immediately so as to
afford inant relief and save the situ-
alton now threatening the South.
OH for New Orleans.
Senator McLaurin left tonight for
New Orleans to attend the general cot
ten conference. He will be joined here
by Representative Stevenson. and they
with Er. Wade II. Stlckhouse. the
president of the State cotton congress
will go to Austin. Texas, to urge on
Governor Colquitt and the Texas
LEGISLATURE the passage of a bill rcduc-