The Dillon herald. [volume] (Dillon, S.C.) 1894-????, 1919-12-11
DILLON FARMERS WILL
BUILD WAREHOUSES;
OLD COMPANY DISSOLVED TO
FORM NEW CORPORATION.
Will Join State Wide Organization
and Build Large Storage
Warehouse.


lon County Cotton Corporation held
a meeting at the courthouse on Tues
day and after a thorough discussion
adopted the following resolution:
Resolved, That the directors OF the
Dillon County Cotton Corporation
recommend to the stockholders that
the Dillon Cotton Corporation be dis
solved or liquidated and in order to
be in line with the purpose and poll
cy of The American Cotton Associa-
tion that the Dillon County Cotton
Unit of the American Cotton Ass
citation pledge its proJrata Of stock to
the Export Corporation and that a
warehouse company be organized in
Dillon county for the purpose Of
building a warehouse with 10000
bale capacity. That government
grader be produced and that cam
paign be put on for the cotton rai
in Dillon county through the ware
house and marketing system.
That the warehouse above referrc
to be a central warehouse located
Dillon. That the other warehouses or
individual owners of warehouses
throughout the county be permit,
to be member warehouses of the CEN
trail warehouse and marketing cor
poration, the basis and rules govern
ing the membership to be as foi't
That they maintain their separat
identity as corporations. That they
enjoy all the rights and privileges [
the central corporation without ad-
ditional expense to them except their
pro rata share Of the expense OF
weighers, graders and other agents
and excess insurance rates. That pro-
vided further that no one but mem
bers of the American Cotton Associa-
tion shall receive any service from
said corporation 'or its agents,
The resolution as adopted Is In Sc
quence of the organization of the
South Carolina branch of the Amer
lean Cotton Association in Columbia
on Tuesday, December End. w. W.
Evans, DR.. J. H. David, T. L. Man
ming and L. Cottingham attended the
Organization meeting in Columbia and
posted themselves thoroughly on the
policy and the procedure adopted.
Until this meeting the county units
have had no absolute foundation fo;
action further than securing members
and organizing according to the plans
upon which this county did organize.
It was found that Dillon county was
the only county in the state to organ
ize a cotton corporation and collect a
per centage of the money subscTih'
The organization of said corporation
was in accordance with the Jenni'
plan which plan did never meet W.
the approval of the leaders in IN :,
great movement and the Jennings
plan was not mentioned in the organ
ization meeting at Columbia. A y
ancial plan was adopted howe"F"
which inthe minds of the five hundred
or more delegates present was a prop
er solution, namely An Export and
Marketing Corporation with ca
of two million dollars to be. located in
Columbia. Each county is expected
subscribe its pro-rata share of
stock based on the number of bale
of cotton raised. AS Dillon county
raises about $4,000 bales Of cotton
it will be apportioned about SS5, 5,0OO,-
90 of the stock on basis of about
$500 per bale This great banking in
stitution centrally located proposes to
help the farmer finance his cotton
when properly graded and warehous-
ed.
The warehouse question is one for
each county to solve. Without the
proper warehouse facilities the farm
er can do nothing and every plan falls
flat. To meet this contingency the di-
rectors suggest in their resolution
warehouse and marketing plan which
if adopted by the members of the
Dillon County Cotton Association will
save the farmers of this county thou
sands of dollars and put the business
end of farming upon level with 9TH
er great industries. The farmer will
then &c longer be fodder" for the
cotton speculator and the unscrupu-
lous cotton buyers.
When a bale of cotton is brought
to the warehouse under the plan pro-
posed the cotton is graded by an ex-
pert duluOllL SiduCi, th6 6ioNS 49,
stamped on the bale of cotton and
receipt ;s issued for the bale of cot
ton SO stamped giving the grade and
weg ght. This receipt will be recogniz-
ed throughout the south and the
world as auhcntic and valid and the
holder thereof can sell his cotton both
as to grade and weight without ever
again seeing lis cotton. He will have
also at his command the selling agent
Of the warehouse who might be Of
very material assistance in procuring
the highest market price for it.
In consequence of the action of the
directors of the Dillon County Cotton
corpo ration, every stockholder is ur-
gently requested to attend stock
holders meeting on Tuesday morning
at II o'clock at the court house at
which the money paid in by each
stockholder will be refunded and a
new organization will be gone into
along the lines as officially adopted
and recommended by the state organ
ization.
L. COTTINGHAM,
Secretary of the Board of Directors
of the Dillon County Cotton Cor