Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1919-09-30
HOW IlTG FINANCE ! GOTTQN|
County Co'.erailsns viii Tie Hp
SOuih's Money
MUST Be FREE OUTLET ABROAD

--------s ----' 80 ~, :, IL. ~
MUST Be FREE OUTLET ABROAD !
Senator MeLaprin Responds TO Rsz9
quest Of Mr.. WanramaIser and Gives
Some Straight Information on thol
Economic pcipeipIss involved.
In response 4o a request from >. s.
Wannamaker. president Of the South
srn Cotton association. for letter on
THE work of the association, Senator
EMeLaurin has written as follows. e
lfMr. J. s. wannAnaker st. Mat
tkeWsos. C..
Yours to hand and 7 heartily conf
mend the efforts you are making -
form an export association for the
sale Of cotton. five form com mpanx
\ in each county for the purchase Of all
skcotton offered for sale below the mini
ETmum price. fxed in New Orleans Ne
Twin soon tie up every available dollaf
lin the south, and still have enough
carry the cotton crop. We must have
an outlet for the cotton purchased, %
that the capital raised viii be sort
OF revolving fund Otherwise business
would soon stagnate sas It did In 1916. j,
There seems, to be considerable on;
position IN con gress to the bill det
signed to finance export cotton. tue
chief ol,pection urged. is that II IS =
further measure In imitation. and de-
lcrcases the safeguards thrown around
depositors In national banks.
SO far as imitation Is concerned thtr9s
| is nothing to it The new paragrsphl
in the bill merely permits the advance
to be made on asnote secured by q blu
of IadIng. instead Of o warehouse reg
ceipt The security is the saile, only
| the evidence .of that security Is diner '
lent. How does that make inflAtioSs
ldt only makes the Asset more liqutd
which is not only good BANKING but
good sense. SO faras the security is con
lcerned, the borrower Is limited to z5
! per cent of the capital stock and ssarr
plus. and gives st1o worth or cotton q8
security for the loan, With the cotton
lowered by an insurance policy haSe
$500 s',e- = ~ - e - Y
sVou T. 70. z. /. z. /. ~. !. =. ). y 5
s 49,, y, Z, I, 'st.. -,
oi Sou .'.s & - 60. ~ Z.
tol t'arout r t's' y 7. s.sv rss
anE osas'' Sssi Y = W y III; Il -
exel.a e q :, q
iaw lss,Vp. ',,'. 49, .sA .s.s,s - ~, 4 !,
pr nrs go ss..s, ,,.s ssn,, shot the st,te s,,onId
- =, =. ~, ,,..s ,v,,, M ~ ,rbi.
loe =. ~ . -, =,
seiy s'n - - ,.s,'s ~. {. aaaa NM = s.,,n
ieo enter 'lis o1' ~ Il -, -. -sssr -. +
u .ne = 80 49,. ~. ~, I ~. ~
70 ieue. a., p,t =, y :. ,.,,,,,,3 ~
ent on "ase son. - : ~ !. = -
soes nsprY =, r.. -. -. t,,, ,,,,,,,,
.ne so go. .r, sars,, aT,av arm t,,e
pows 10 s = q, = 20 vva asbi,, i ,n:F
r'ss =. ]. ~, cha rea If 81 E
M ioSN 49,, =. u, I -. ~ q ~. 3
is. anu ~ ~ ~. s.a,.l - ,,,sa s. ~.
suia.eu D1s ~ ~. ,,,s,,,,,, {, s,,,
amy $50 ~. ~, a. t,,r,,sd
putonae. !, s : - ,,,cra =, ,,ona 81 ~
~ oss, ~ 20 &, - ~ -. :, Il ~
man ..s. -. - ,,,,,wr + tr,s,r
anu 'i.s p.u na,,.oas, - !, mi, sna oneratsd
- s...s,, I, j, = ~ q ins,.r..
si'ips' H.e - ~ z. s.i,,.,v o,rtry,,,.s
az an.e. - 49,, ,<,. th : &, z
gu ,is o0,l,s !. Ia, Ia hs,to hi.
On ase A 49, 80. ~. tods d y I.
oess ma. Z, :, -, 4 a
| - - . s.......-,., : t,,e st.ta,
slAsu.e i, &,
warehouse e's. - e
sales OF co'toh' why pu' :. . ..s. VI,
iment9 Inese are sun I" :.
VINO does not SNOW ma -
over; When you pu. an ens - :. y
tween nations ~ rs only li'e n'uss -. -
perhciai view winch conhnss ing = go :.
ing OF war 70 a conilics 'ail pe'e e.n -.
ernments. our presen. go
tenn makes society i.sell = s.sle !. /" ,.s ~, Z:
active lrrecoheiia oie we, mal on
ana In eVerythins. -, 9. -. :,
4