The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1915-04-07

sight into it's great possibilities.
This law is a 'love child" of
fate-a result Of opportunity
aud circumstance. None other
than the extra session could
have produced 1t, and nothing
save ':moral obligation" has
preserved it's young life even
thus far.
The author of the law, or it's
father, has spent restless nights,
has dreamed dreams. seen Wis
ions, experienced remorse, de-
fed critics-all this for the sake
of the success which to his mind
is assured, and for the sake of
the friends Of the law who re
gard it as the greatest friend of
the people of South Carolina
and Of all the south.
Columbus believed in a shorter
route and had faith to tnd it.
out prejudiced and jealous poll.
5icians and men Of influence.
scheming for other purposes, de-
ferred the great achievement.
The next General Assembly
Judging from the inclination of
the past) may strip the Ware
house Act of its present author
ity or may circumscribe it with
less limited power, or may re
peal it outright But birth to this
great idea has been given and to
it life again would be borne. If
South Carolina should fail to
support this system some other
sovereign State would reap where
we have sown, would achieve
attainment unparalleled in time
or history OF finance.
This law is far more practical
throughout the South and would
be of far greater benefit and
profit to our people than any
possible system of rural credit
that mlgqt be devised by man.
kind under existing circum
stances and conditions. The great
Federal Reserve Act. admitted
in banking circles to be the great
est piece of legislation since jeff
erson's time, emoodies the IN
derlying principles upon which
the Warehouse Act is built, and
as one comprehends it, its pos.
sibilities unfold in endless and
immeasurable values. It is the
one thing which the State has
done for it's agricultural people
and which is the beginning of a
great marketing system which
will insure stable, Uniform and
profitable prices for the king of
commercial products which is
the balance of European gold
that enters the American finance,
the one thing which will produce
conditions enabling the South to
fix the price for her choicest
product, and not England, as
now: the one thing which will
enable Southern banks to secure
foreign credits as easily as they
now secure Northern credits,
which will cut out the present
four or FIVE profits raked off of
cotton between the, gin house
and the export point; the one
thing which will establish for
the Southern States, in time. it's
great reserve system as strong
and as Independent and as de-
fant as Gibralter; which would
do away with the undesirable
necessity Of rural credits, based
upon the questionable value of
land, mortgages, and which
would produce other innumer-
able advantages
The details of the great sys
TEN, now in it's infancy, should
be agitated in every section Of
the State that the people may
learn Of the benefits which are
to be derived therefrom.
The things which heretofore
have hindered the development
and the progress of this new but
greatest departure of our States
government should be hushed,
and Senator McLaurin should
be iovited to every county seat
in the State to discuss and eX.
plain to farmers and business
mep the great things of import
ance to- them embodied in the
provisions Of his commission.
The people. when they under,
stand, will subscribe their undi-
vided support to the Warehouse
Act.