The herald and news. [volume] (Newberry S.C.) 1903-1937, 1914-09-22
PAYING TEN CENTS
FOR WHITE COTTON
HAVE BUILT WAREHOUSE, WILL
WEIGH AND STORE
Purcell and Scott Taking Care OF Gus
tomers-C0l. Purcell OptImis-
tic.

ten cents the pound to all their Gus
toners for cotton when it is placed to
the credit of the account or any mat
ter that is due them, which of course
is the same as the cash to the farmer
and is a great nelp to him in meeting
his obligations. They did this when
the price was only seven cents.
A reporter for The Herald and News
dropped in this store the other morn
ing and asked Col. Purcell about con-
ditions generally. The colonel is very
optimistic and was feeling good and
said that he was going to take care of
their customers as they had always
done. Said he:
Eyes, we have always looked out for
the best interests of our customers
and as the price of cotton went be-
low ten cents we decided to give our
customers that price for it on what
they owed us, for 1 know that the
present crop was made on the basis
of ten cents and If the farmer is
forced to take less he will oe unable
to meet his obligations and | am sure
that all the farmers who deal with us
want to pay their honest debts. We
paid that price when the buyer was
only. offering seven cents. Only last
Saturday wnen the price was only
nine cents 1 put it up to nine and
quarter regardless of whether it was
on account or not. In other words
l went out on the market and paid
nine and a quarter straight for the
cotton. l feel sure that the war can
not last much longer and in any
event the price of cotton is bound
to go to ten cents and over if it is
not forced on the market. l believe
that the proper thing for all the mer-
chants and the banks tat have alb
legations from the farmer is to take
their cotton on account at ten cents
and if they would the price would be
above that in a little while. At any
rate It would save the country and the
merchants and bankers would be saw
ed also, because if the farmer does not
prosper the rest Of US are bound to
suffer"
eve are preparing to hold our cot
ton, said Col. Purcell, "and to that
end we are building warehouse
which. will be standard and bonded
and a receipt from us will be good
and we will arrange to lend money on
it at a low rate oS interest and on
long tinoa so that the cotton we place
in the warehouse may be kept of the
market Indefinitely. A number Of the
farmers from all sections Of the coun-
ty have been to see me during the
past several days and have co1npli-
mented our firm on the stand We have
take in assisting the farmer to get
a living price for his cotton. 1t has
always been our rule since | have been
Ii business in Newberry to take care of
those who entrusted their business
to me and this crisis only emphasizes
what | nave been doing for many
years. Our warehouse will be COM
pleted in few days and we now have
our platform up and Mr.. S. B. Aull
is weighing cotton and will be glad to
have all the farmers bring him their
cotton. The warehouse is in Nance
street and runs through to Caldwell.
1t is near the power house and easy
OF access and l hope to see the far
mers take their cotton for Mr.. Auil
TO weigh. and We will continue to pay
ten cents the pound to all our Gus
TONER'S
The capacity of the warehouse will
be three thousand bales but if that
capacity is exhausted the capacity will
be increased. II all the merchants
who have made advances to the far
mers and the banks who have loaned
money to the farmer would do the
same thing the situation in Newberry
would be Immediately relieved. In
fact it is not so awfully bad any
way. And if there is cooperation and
the man VINO has loaned money will
give the creditor a chance all will
come out right and we will be happy.
Col. Purcell keeps in touch with fhe