The Bamberg herald. [volume] (Bamberg, S.C.) 1891-1972, 1916-01-13

change a large part Of our acreage
from cotton to other crops will re-
quire education in farming which will
give better methods than now o.
tanned. The boil weevil will be upon
US shortly; we must prepare for it.
The disaster which will accompany
the boil weevil's advent among us
will apply to farmers first, but also
to all classes and conditions of our
people, for agriculture is, and will
be throughout our lifetime, the
foundation stone of our material
wealth and prosperity.
State Warehouse System.
Il invite your attention to the con-
sideration of the State warehouse sys-
tenn. The inauguration Of this sys-
tenn has marked a radical departure
in democratic government. 1t has
given emphasis to the protection of
property rights. By the warehousing
of agricultural products and provid-
ing plan whereby they may be grad
ually mark eted, it aims to protect the
owner of these products against con-
ditions which deprive him of legiti-
mate profit and which endanger the
continuance of agricultural pursuit
on a basis that gives adequate re-
turns for labor, and makes agricul-
tural rural life profitable and attrac-
tive. 1t is an attempt on the, part
of the State to help the citizen to
help himself. This is in accord with
justice and humanity, and character
istic of the progressive spirit of this
age.
1T is inevitable, however, that
system that aims at revolutionizing
the marketing of our great money
crop, should not be perfected in it's
initial stage. Operation Of this sys-
tenn has demonstrated that it can be
of great and valuable service. 1t
should be our aim to perfect the sys-
tenn, to operate it on sound business
principles, to protect it against posi-
Bile abuses, and to throw around it
every possible safeguard. Make the
State warehouse receipt a collateral
that will be recognized as SAFE, so
that it will be sought after as collat-
eral to loans in any Of the money
centres and money markets o fthis
country.
"The liability of the State should
be clearly defined. 1t is not neces-
sary for me to suggest specific
amendments to the act. 1t is we'll
to bear in mind that our chief source
of borrowed money is to be had
through the federal reserve bank.
The requirements of that institution
should be met, both because they are
sound and reasonable, and because
these requirements and these safe
guards will the sooner attract atten-
tion in money markets, to these re-
ceipts as collateral, and thus will be
sought after by investors. This will
eventually lead to the lowest obtain
able rates of interest refer you to
the question of ownership and man
agement-the manager of the ware
house issuing negotiable receipts
should be a disinterested party and
not the owner of the cotton stored,
on which it is proposed to issue ne
gotiable receipts. Accurate and re-
liable grading and weighing by IL
censed graders and weighers is of
great Importance. It may be that
these matters might best be regulat-
ed by rules and regulations of the
commissioner and the board of COM
missioners, to which will refer later,
or by legislative enactment. regard
it as essential that this system shall
not be dependent upon the personali-
ty of any man. The uncertainty of
life and the certainty of death make
this all the more important The act
should be amended so as to provide
for appointment by the governor, by
and with the advice and consent OF
the senate, of a board of three COM
missioners, with the State commits
sioner as ex officio chairman, whose
terms should be for six years, except
the first appointees, whose terms
should be for two, four and six years,
respectively, so that majority of the
board could not be displaced during
any particular administration, except
for neglect of duty, or malfeasance
in Office The commissioner, with the
approval of the board, should be au-
thorized to make sales; but no sale
should be permitted by him or them,
individually or as agent, without the
grading and weighing by licensed