The farmer and mechanic., 1914-09-01
Well Known Business Man
Gives Details of What is
Known as Wilmington Plan
PROTECT HALF THE CROP
The Warehouses to Be Frame
Structures of the Capacity
of 600 Bales; Local Banks
to Make Liberal Advances
on Cotton So Stored and
Properly Insured.

Among the plans which have been
offered for the storing of cotton is one
offered from Wilmington and known
a. ''the Wilmington Plan 1t con-
templates the protection of the cotton
crop through local storage facilities
and it's details are thus stated by Mr.
J A. Taylor, OF Wilmington:
First: Each cotton town. through
community effort prcTide warehouse
facilities adequate to store and pro-
tect one-half Of the crop normally
marketed at such place.
Second: These warehouses 10 be
frame structures Of the capacity Of
500 bales of cotton. properly con-
structed as respects insurance require
ments, and controlled by a company
legally authorized to issue negotiable
receipts
Liberal Advances From Banks.
Third: Local banks to make liberal
advances on cotton so stored and in
sured, and to use their national bank
correspondents to e-diScount this cot
ton paper.
The insurance companies to meet
the situation are prepared to insure
cotton at special rate of S1.73 on the
$4,000 per year, under the following
requirements:
"'Not more than COO bales to be
stored in any one warehouse: ware
houses to be separated by at least 100
feet from any other building, and sc
feet from railroad track; buildings tC
be one story high. sides and ends tC
be constructed of weather boardins
spark and weather proof, and painted
or whitewaShed on outside; roof tt
be covered with metal or tar paper
and buildings to contain not less thar
one standard ventilator in roof; build
ings not to have wooden floors, bu
ScantlingS may be used on which t,
store cotton: not less than six casks t,
each warehouse to be kept filled Will
water and to be served by two bucket
for each Cask; not less than two 5
foot doors three feet apart at bot
ends Of buildings, and more doors
possible: cotton can be stored on en-
or otherwise in discretion Of ware
houSemen.'
Insurance Rate Law
1T Will be seen from the abOv
that these requirements are at one
simple and inexpensive, and the rat
Of insurance very low. 1t is under
stood that this rate applies only o
the character Of building above des
Cribed, and for your information wi
say that a warehouse of 5000 squai
feet floor space will provide for 60
bales of cotton piled two high, an
should cost about S1.00 per bale spas
or 100000.
THE Wilmington Plan provides f,
the establishment OF these small i,
expensive warehouses at numerOl
points with the double view of mo-
effectively keeping cotton off the ma
ket and protecting the trade of eac
locality, for It must be obvious tn
If the cotton is stored only in lar:
centers business would be attracts
Ia these points at the cost of local i
terests.
The Unit Warehouse.
at will be observed that the so
bale warehouse is the unit prescrib
by the insurance companies, but whe
frame buildings already exist SUI
able for storage purposes the sar
insurance rate will prevail provid
not more than 500 bales of cotton a
stored in one place.
The general government has do
all In its power to provide means t
protecting the cotton crop, and it
now Squarely up to the South to av
itself Of the means so provided.
is worse than futile-it may be fatal
for us to look for further COVER
mental aid, either national or sta
The national government can do not
ing more than liberaliZe the banki
ana currency laws which it is d
posed to do to the fullest extent VIII
state remedy would necessarily be
SLOW as to be unavailing for the %
sent emergency.
1t must appeal to every intellig,
man that the mere fact of ability
store cotton at every marketing DO
would OF itself exert a powerful
nuence on prices, for the farmer
merchant having the option to ST.
or sell as his interest determi1
would be in position to force buyers
bid up the market in order to obt
supplies
Let every cotton town move oui
ly in the matter and prepare to t;
care of one-half Of its tributary