The Monticellonian., 1919-08-29
ARE YOU SATISFIED WITH
MONTICELLO COTTON MARKET?



How can help the Farmers-W the Farmers unite %
help hemseveRead word of this story of what the Bond
ed Warehouse Law provides.
required Each share $500 Any number of persons not less
than TO- at least sixty percent of whom shall be engaged IN ayr
culture horticulture stock raising as business may apply fo
charter :, ,
stockholders The directors must be members and bona hd c
zens be director officer warehouse
supervision of the State and provisions Of
warehouse and marketing law enacted by the General Assembly
of 1917 and all amendments thereto
BONDED-The warehouse cooperation, before the charter
delivered make sufficient and approved bond through bank
indemnity obgatng the corporation to observe al
ihe saw a GRADES AND MEAsUREs
MA MAIZE BY THIS coPoRATioS thus to the
soutey information wheh values are placed
for complete examination of the affairs of the
corporation not less than twice each This dscoses to each
stakeholder the facts about his business.
DIRECTORS Appoint move any officer or other en-
poye pleasure No officer employer has to endorse
SELL pledge hypohecae bond other obligation
ceved by the coporaon property deposited with as
This and authority rest solely with the
board of directors and then certain fixed provisions,
RIGHTS AND POWERS-The corporation has the right to
storage tanks sos and such other places of and
security may be NECESSARY for the STORAGE GRADING
and other farm orchard and ranch products and all weights
grades and asfcaons shall be made accordance with stand
ards prescribed by law.
MANAGER-Before the warehouse is permitted to open it.
doors for business the officer employee in active
animation to his fitness and qualifications for grader and class
er have certificate showing that he certified
CHARGES FOR STORAGE subject regulation by the
State Warehouse Commission and cannot exceed the they
determine.
NSURANCE-The law requires fire insurance by blanket
policies that all buildings and storage shall comply
with certain rules for safety.
PROFITS arising storage may
divided follows 20 of profits each years bust
shall be paid into fund until that fund shall equal
twice the amount of original aptapovded that those
into the fund shall first be entitled to ten dividend
bylaws provide The remaining profits
may be divided the members proportion the
OF business transacted for each member
WHERE DO PROFITS COME FROM? Acting warehouse
selling products of ranch orchard and farm commission
basis such other agreed oanng money the
bers for purpose of making maturing and gathering of
The above is fair recital of the principal features of the
Arkansas Bonded Warehouse Law There many
all intended to give strength and stability operation
guarantee to the farmer absolutely deal in the final
and disposition of his products.
HOW DOES THE BONDED WAREHOUSE BENEFIT THE
INDIVIDUAL FARMER? On cotton each bale officially
ed weighed graded classified prices given accordingly If
he chooses to store warehouse he reevs
when Is negotiable at and which bank
VIII loan money with which he debts otherwise
cotton Is insured 1t graded again by the o.
Standard will be questioned buyer His
therefore be sold to spinner New England
direct II the Bonded Warehouse supported intended
the farmers 1t at cuts out all the mddemans profits
gives them to the producer This law enacted give
farmers an opportunity to handle his business yoa
farmers want accept the opportunity The business
banks OF monticello Will
cent OF the ncorporators be committee APP
pointed to interview farmers and if desired perfect
EATON will be at the COURT HOUSE SATURDAY, AUGUST 80
at 2 p M. -
Every farmer who thinks the Farmers Bonded Warehouse
ought to be built this fall will be there This the last call for
cooperation on this subject this year.
For the Committee,
CHAS E. CARTER Manager Farm Bureau