Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1915-09-22
MARKETING AND WAREHOUsING.
Governor Manning Spoke Along this
Line at Conference Last Week.
(The State, Sth.)


Charities and Corrections, Governor
Manning discussed from the stand
point of the farmer the problem of
marketing the cotton crop of 1915.
Viewed as whole, he said, he
thought that the situation in which
cotton planters found themselves this
year was distinctly encouraging. The
cost Of production Of cotton had been
cut, great quantities of foodstuffs had
been raised at home and the people
had economical. Governor Manning
said that in view Of these facts. if the
farmers had only this seasons crop
of cotton to market, they would have
nothing TO worry about. However,
the fact that a large part of last
years crop was still unsold Compli-
ca'ed the situation decidedly. The
Governor said that he believed that
proper system Of warehousing the
cotton this season, cooperation be-
tween the merchants, bankers and
farmers and the Federal reserve
banking system would save the day,
provided farmers sold their cotton
with the greatest care.
I'm order to get farmers and 9TH
ers to warehouse cotton and not
throw il on the market regardless of
price, said the Governor, "it is es-
sential to have warehouses, to have
low rates Of insurance and to have
a low rate Of interest on cotton
loans"
The Warehouse System.
Aside from it's able treatment Of
the marketing problem, Governor
Manning's address last night was
chiefly important because in it he out
lined improvements he inteded to ask
the heXt General Assembly to make
ir: the present State cotton warehouse
system, all of which he believed
would tend to safeguard the value of
warehouse receipts as collateral.
81 am in favor Of State system of
warehousing cotton" he said. How
ever, intend to recommend to the
'iS-ft N'Chci AoSeIlDly certain
changes in our present State system
which | believe will safeguard our
warehouse receipts. The changes in
the system which I intend 10 recon-
mend are:
First, that managers of the ware
houses in the State system be disin-
terested parties, neither owners of
the warehouses nor Of cotton stored
in them.
Second, that cotton in warehouses
in the State system be graded by an
official grader.
'Third, that the State warehouse
commission have inspectors and
weiGhers to visit the warehouses in
the State system and check up the
number Of bales in them, the weight
OF the bales and the grades of cotton
to see if these are as represented in
the State warehouse receipts.
'lf the receipt for cotton ware
housed under the State system repre-
sents the value given on it's face, 7
believe that IL will be eagerly sought
and readily accepted as security for
loans declared Governor Manning.
Knows the Subject
In his address last night, the Gov
ernOr showed an intimate KNOWLEDGE
of the problems connected with grow
ing and financing the cotton crop.
Hbjc " tn l>o l.,
farmer, and before becoming Cover
nor was also a banker.
Governor Manning said that if he
were in position to make rules to
govern cotton planters in mark citing
this seasons crop he would provide
that no cotton was to be sold below
the cost Of production; that the whole
crop was to be sold slowly; that none
OF it was to be sold until the price
reached the cost Of production, or lust
over it; and that the marketing Of
cotton by individuals take place only
as their debts made it necessary.
Governor Manning declared that
when the Federal reserve banks. or
banks in the North, lent money at 4
per cent to the banks in the cotton
belt, the last named banks should
lend it to farmers on cotton ware
house receipts at 6 per cent.
Coughs that Are Stopped
Careful people see that they are
stopDed Dr. Kinp'o Nnw niscovorv