The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1919-04-09
COTTON PLANS
Being RUSHED
Delegates to New Orleans Will
Meet in Columbia
April 18th
SUGGESTED CHANGE
IN BANKING,,LAWs
Unused Government Ware
houses in Charleston For Cot
ton Storage.
Unused Government ;. Ware

Columbia, April 5.-The twenty del
egates, elected by the big cotton con-
vention held in Columbia Thursday to
study the cotton marketing problem
and to meet with delegates from 9th
er States at a convention to be held
i in New Orleans May IA, for the pur-
pose of discussing same, will hold a
meeting in the rooms Of the Columbia
Chamber of Commerce on April Is
ct II a. m. Members Of the South
Carolina delegation in congress have
been asked to meet with them
AT this conference movement Will
be launched to have certain changes
made in the national and State
banking laws concerning cotton. The
convention Thursday adopted resolu-
; tons declaring that the banking
laws, both State and national, should
be so revised as to permit a-bahk to
carry for the producer cotton=in the
same way that Liberty loan bonds
are now carried. without charging
this against the credit to Zoe granted
him, 'in other words, states the res
olution cotton stored in a: ware
house, properly insured being self-re-
firing, liquid, and one Of the safest
of all assets, should not be handled
so as to cripple and retard the cred.
it Of the producer, and force him to
dump it on the market and sell !: as
distressed cotton resulting in. serious
injury and loss to the producer" -
The legislatures and governors OF
the various cotton growing States are
to be petitioned to amend the State
banking laws so that the RELIEF need
ed may be had and the South Caro-
urged to take the initiative in; secur-
ing the needed amendment to- the
federal banking laws. -" ,-'5.'-
The committee will also take up
with the South Carolina cungression-
al delegation the methods employed
by the government at present in max
ing crop reports. The convention
Thursday denounced the methods now
employed as crude, Inaccurate and In
correct and as failing to meet the ne
cessities of the occasion.
The South Carolina delegates to the
New Orleans meeting will at their
conference here appoint committees
to take up this matter and they will
also take up the matter of securing
the large government warehouses
now located at Charleston for use as
cotton warehouses, to be used by q
corporation.
Charleston Warehouses.
There are six government ware
houses in Charleston each 1880 feet
in length by 100 feet in width and :
sprinkled throughout These ware
houses are said to have modern ap-
pliances for handling cotton Or any
other commodity economically.
The government will probably have
no use for these warehouses, now
Of the cotton association to make an
effort to secure them to be used by a
corporation as cotton
The delegates will act in cooper
alton with the members Of congress
rom this and other cotton growing
states III their efforts to secure
to the national banking
avs and they will also take the nee
,ssary steps to assist in the organiza-
ion Of foreign and domestic cor
'oration for the marketing of cotton
nd especially to take the necessary
steps to secure the use of.athes gov
warehouses located in their
states.