The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1917-06-13

may be able to supply the monthly
demands of the mills.
(9) Warehouses with capacity of
200 to 500 bales can be, constructed
in the rural districts OF on the plan
tation at q cost but little in excess
of $1.0O a bale and a 1000 bale
warehouse can be built for less than
S1.00 a bale. This means a ware
house constructed of metal. Plans
blue prints-and specifications
meeting all the requirements of n
surance companies will be furnished
free of cost by the Safe Warehouse
Commissioner.
COY The community or planta-
ton warehouse can be made q part
of the State Warehouse System in
the following manner: The Commits
sioner rents the warehouse at a nomi-
nal rental of $1.00 a year, and then
issues to the owner or owners a COM
mission or license to operate the
warehouse, charging a fee of $500
for this commission or license. The
Commissioner appoints a suitable
person warehouseman, and this ware
houseman enters into a bond (rang-
ing from $1,000 to $4,000 for the
faithful performance of his duties.
The warehouse thus becomes a part
of the State Warehouse System n
is given a number. When ware
houseman is ready for business, the
Commissioner has the warehouse
covered by a blanket insurance pol
lev TO amount of $4,000. Daily
reports of cotton stored in or with
drawn from the warehouse are made
to the office of the State Commits
sioner. A record of each and every
transaction of the warehouseman IS
kept in the Commissioners office.
(11) The owners of a community
or plantation warehouse can store
at actual cost; three cents a bale a
month for time cotton is in storage
and the insurance. The insurance
rate is $1.58 a year on the $500.
valuation of cotton-this insurance
is pro-rated on cotton stored for less
time than a year. The cotton is
valued at market price of grades ON
day cotton is stored and the amount
of insurance is determined by the
weekly average of price of cotton
during the period of storage. Tine
charge of three cents a bale a month
goes toward the expenses Of the
Commissioners Office. The insurance
is paid monthly, while the storage
charges are not paid until cotton is
withdrawn from warehouse. All
persons not interested in the owner.
ship of the warehouse pay the usual
charges for storage, and these
charges include the three cents a bale
a month and the cost of insurance.
(12) The farmer having cotton
in a warehouse connected with the
State Warehouse System has full
protection against loss-under the
bond of the local warehouseman,
under the bond of the State Com
missioner, and under an insurance
policy Of $4,000 or more. The cot"
ton is stored in the community where
crown and can be sold any hour OF
any day of the year.. -,
The farmers of each community
in every cotton-producing county IN
South Carolina should unite in build
ing a warehouse; the owner of every
ginnery should operate a warehouse
for the accommodation of patrons;
every farmer making 100 bales OF
cotton should have a plantation
warehouse, or two or more farmers
should combine in the construction
of a warehouse with capacity suti-
Gent to store their w and their
neighbours cotton. If there were
enough warehouses in the State
Warehouse System to store all the
cotton grown in the State (about
800, 900 bales,) the farmers OF
South Carolina could control the
marketing of their crops, selling
strictly o grades and only when
prices were satisfactory.
w. G. Smith,
State Warehouse Commissioner