Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1915-09-21

no miSgIyings, tor people who are able
To what you nave ACCOM-
pIISneu unuer the CONDITIONS wiIn
winch you nave nad TO deal, are fuily
auIe u nanuIe Sucn proUienlS aS may
al use llnougn 1 nave no
Investment III your enter PRISE, NO
cotton 10 store, / want 10 say tnaL 1
i.vI d PERSONAL pleasure III wnat you
nave accomplished, II l n u ex-
press the nope mat you VIII
Oil Win the Work untn you nave maue
d compete success or II. All mat Is
necessary TO enSur tnaI IS the cOnlln-
uvu practice OIL the hearty
.IuiI LnaL mas marked your erorIs up 10
TINS lime. Inc STATE sys-
,cIi, MI. IrlsI vent Oh 20 say, 'IS III
us Infancy. IL IL Is developer IN ac-
, with the pans anu ueslreS or
ILS Ounoe the Hon. Jonn Il. me-
LaurIn, II VIII eventually become a
complete n means Oh
nuamvIng anu marketing the cotton
ci op or the south under conditions
Iuoie advantageous to n producer
IMAM a ever before been reaIlzeu."
MT. Grist ADVISED the owners OF the
warehouse TO stick to their enterprise
through thick and Il n u no
circumstances TO allow the ownership
or control to pass 10 people VINO hau
greater interests in other lines OF the
coLIon industry han they had in cot
ton production. He said that intelli-
gent ana loyal cooperation In connec-
ton with this undertaking would, In
the course OF time, increase the imam
cal and business importance OF h
members or the warehouse company
as individuals and as a whole to an ex-
tent that would be gratifying II no
surprising, and for that reason more
particularly he wanted to see all stand
together and work for the success Of
the undertaking.
The speaker also called attention to
the 6 per cent money now being or1er-
ed by the banks that are members of
the Regional reserve SYSTEM, and
made no hesitation in declaring that
this development, the like Of which
had not been heard of in this country
.eIore, was one Of the results Of the
long continued efforts that Hon. John
L. McLaurin had been making in be-
half OF the cotton producers Of South
Carolina and the south.
After the conclusion OF Mr.. CRISIS
remarks, Mr.. w. w. Jackson called
the roll Of the stockholders, and when
1t was a~scertained that q majority of
the stock was represented in person
and by proxy, the regular business of
the meeting was taken up.
A resolution was adopted suggesting
a storage rate of % cents a bale for
the first month and 20 cents a bale for
each month or fractional month after
that. 1t was recognized that some
less than the amount fixed; but 1t was
assumed that the superior advantages
| offered by the state warehouse in con-
nection with the borrowing Of money
and selling the cotton, fully warrants
| the price asked. The resolution un-
der which the above quoted rate was
suggested, goes on to put 1t within the
power of the trustees to make such
rates as in their discretion may seem
proper.
1t developed that not quite all the
money subscribed had been paid In,
and that the building cost about $3.50
more than the total amount sut3crib-
ed. The trustees were authorized and
instructed to proceed with the collec-
ton Of unpaid subscriptions, and to
raise the balance of the sum necessary
to pay for the building by soliciting
additional stock or borrowing the
money, as might seem most desirable.
Two names were presented to the
meeting as candidates for recommen-
dalton for appointment as custodian;
| out Dy reason Oh MS actlVe cOnlection
with the enterprise from the beginning
and the intelligent and effective work
he has been doing, Mr.. W. l. Pursley
was recommended by a unanimous
vote.
Mr.. w. B. Moore Of Yorkville, who
was present at his own request, was
accorded the privileges OF the floor to
make a statement. He expressed him.
| self as being in full sympathy with the
movement of the cotton producers to
protect themselves. He said that as a
manufacturer he preferred high priced
cotton to low priced cotton, and he
suggested that while no was not In a
position to buy cotton in small lots, he
might utilize space in the warehouse,
If there was any to spare, to the mu-
tual advantage Of himself and the
owners Of the warehouse. He said
that in order to identify himself with
the enterprise, he would be glad to
take one or two shares, or II the COM
pany desired, he would take ten or ff-
teen shares, as much as might be noe
essary to make up the deficiency that
had developed in the erection Of the
building, etc.