The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1914-08-15
DOOEln MARKET METHODS.
00NFERENCE HELD IN WASH.
NGTON TO LAY PLANS no
REvOLUTIONIzE COT.
TON BUSINESS.
Plan LAid Before House Commit.
Tee woulA standariise Product So
~ 10 Mako u Readily Transform.
ahse into Collateral or Liquid As.
sess.

Washington. Aug. 10.-Complete
revolution In the methods Of cotton
marksting was proposed today as a
means OF relief from depression
threatened by the closing of foreign
markets during the European war.
The plan was laid before the house
agricultural committee by experts Of
the department Of agriculture. 1t
copssmplates government supervision
Of marketing. federal Standardization
o. grades. establishment Of system
OF warshousing to make baled cotton
aDsolid basis for credit to growers and
enable them TO finance their crops
until advantageous arrangements can
b made for marketing.
@. J. Brand. chief Of the division
Of uarkets. suggested that the scheme
~ put In operation through the Lever
cstton, grades bill. now before the
Mouse committee. This bill provides
for federal supervision Of cotton
gssdipg and the fixing Of federal
sAndaRda for cotton. Mr.. Brand sug-
sSsesd amendment to enable the
sovsrnment to license cotton ware.
houses. whore the crop could be
stored. Under such conditions. he
,sAid. the new federal reserve board
would be able to make cotton In the
warehouses the basis Of ample creoi,
% growers.
The committee tomorrow will hear
cotton men Of the South on the pro-
possd scheme and will ask them for
seggestious. =. J. WAtson, commits
sionsr Of Agriculture Of South Caro-.
Ina. today began ortanisation OF q
osmnittss of growers and manufac-
tsrsrs TO present the views OF the
sSsthsrA cotton men.
The committee discussed the cotton
sssding bill OF Representative Lever,
e,sating federal system Of cotton
inspsetion and providing cotton stand.
afds.
&C. J.sBrand. chief Of the bureau Of
utsrksts. told the committee that TO
rthAve the present situation in the
sesth q general revision of the pres
entsl method OF marketing cotton
S4ould be made. He said any plan
should provide for the storing of cot.
fAns IN bonded warehouses. for the cer-
taxation OF each bale of cotton with
o. certificate Of Standardization and
Ne actual Identification of. every bale
-of cotton with Its certificate. :,
= I"Without these provisions" he said.
ut 10 doubtful II cotton callateral an
security can be made az impregnable
ss'it should be In the present crisis" -
Mr.. Brand said with proper iegisla-
eion the government could put his
plan In operation within 80 days to
spch an extent a. to materially aid
the cotton growers. He said what.
ever was done must be done imme-
alatsly.
among those who attended the
hsaripg were: w. q. Turner. James
y. Hunter and VIM. 4. Love Of Mem.
pasa Tenn. J. w. Culver OF Clark.-
gale. Misc. and Il. r.. Oliver of Louis
vile. Ky.
The committee 10 anxious to secure
soms legislation which will 30 stand
srdiss cotton an to make the product
solid basis for credit. Mr.. Brand
pointed out that by a system Of ware
Housing cotton under government su.
psrvision and at government stand
ards. the product would be given a
standing which would enable the new
FEDERAL reserve board to make cot
ton warehouse receipts a basis for
ample credit That would allow cot
ton growers to hold their product un-
I'll arrangements could be made TO
market Il.
Mr. Brand said the United state.
exports about 500. 900 bales and
manufactures about $500. 900 halc,.
of the export. a.soo. 900 bales goes to
England. i.2so.ooO to Germany. soo.-
900 to France. $4,000 to Austria.
$4,000 to Italy and $4,000 to Russia
practically all OF the export :narke,
" now closed by war
Out of $4,000. 900 spindles manu-.
featuring cotton In the world. Mr..
Brand said. $4,000. 900 were IN cou,.
tries now involved In the European
war. Cotton manufacturers present
said that by working to capacity the
mills Of this country might increase
their consumption from bOO ooo a.,