The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1919-09-03
A WAREHOUSE
CORPORATION
New England Mills Trying to
Get Control of Southern
Warehouses

Get Control of Southern
Warehouses
Columbia, Aug 28.-A conference
was held in Columbia Wednesday be-.
tween j. Skottowe Wannamaker, pres
ident of the American Cotton Asso-
citation ,and members of the said as
sociation, and members Of the execu-
tive committee of the World Cotton
Conference At the conclusion of the
conference the following statement
was issued by Rufus r. Wilson, secs
retary Of the executive committee OF
the World Cotton Conference:
"Conferring today with President
Wannanaaker and some Of his asso-
ciates in the American Cotton Asso-
citation, we learned with deep regret
that letters written and statements
made by at least one party. employ
ed to do publicity work for the World
Cotton Conference indicated suspie-
ion of Mr. Wannamaker's motives and
hostility to the aims and purposes of
the American Cotton Association.
This is entirely contrary to the
wishes and opinions Of the men
composing the executive committee
which is in charge of the arrange
ments for, the World Cotton Confer
ence. We have had nothing but con-
siderate treatment from Mr.. Wan
namaker in our correspondent with
him, and the members of the execu-
tive committee, without exception,
heartily approve the. great work he
is undertaking as president of the
American Cotton Association. The
president Of the National Association
Of Cotton Manufacturers has recently
gone on record as indorsing without
reserve the objects Of the American
Cotton Association, and we feel that
if its plaus can meet with the full
measure Of success they deserve it will
mean closer and more helpful rela-
tons between producer and consumer
of cotton, both Of whom. viewed.
broadly, are indispensable halves OF
an industrial whole. x
cit is most gratifying to learn that
the organization Of the American. Cns-
ton Association is meeting with such
generous response from the people
Of the South. We all feel that MIR.
Wannamaker should have the hearty
and reserved support in the great
work he has under way
Mr. Wilson is also president Of the
Union Warehouse Corporation Of New
England which is buying up and es-
tabalishing chain of cotton ware
houses throughout the South, also is
sued statement concerning the plans
and purposes of the association in con-
nection with the establishment Of these
warehouses. Mr.. Wilson's statement
follows:
Speaking as president of the Un-
ion Warehouse Organization Corpora
ton which has no direct connection
with the World Cotton Conference.
but of which I am the executive head,
thing it will remove ungrounded
nisa apprehension If state that. the
primary objects of our proposed chain
Of warehouses is to bring about
more direct relations between the con-
sumer of cotton and the grower OF
cotton, and so far as possible, eli
mate and the useless middleman who
spells needless outlay and epense for
both.
eve feel very strongly that our
warehouse plans when carried into
execution will mean the stabilization
of prices by making possible the slow
er movement of cotton to market, and
that by removing many of the OBJ
stacles which now exist to the Gener-
al adoption of gin compression, they
will effectively clear the way to
great and much needed reform in the
cotton industry.
The warehouses will have no con-
nection whatever with the purchase or
sale of cotton They will be simply
custodians Of cotton, and any en-
ployee OF the warehouse company
making actual or speculative pur-
chases of cotton will be immediately
dismissed from his position. We de-
sire to make the warehousing of cct-
ton safe and profitable business
proposition. in which the general In
vestor, who has no connection with
the cotton industry, can safely place
his money. The plans which we have
worked out have now reached such
definite state that we can safely say
that in any section where a ten
thousand bale. warehouse can be
profitably operated. such a ware
house will be erected. provided those
who will use it are prepared to meet
purchases of securities in the
company a minimum of one-ifth Of
its cost. We hope eventually to have
what we call a producers warehouse
in every center producing fifty thous-
and upwards bales of cotton each