The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1920-11-25
Protecting Baled Cotton

4 series of experiments to determine
the extent to which. under various con-
ditionS. baled cotton Is destroyed by
weather walls recently conducted by the
Bureau of Markets. United States De
Eirtnient of Agriculture. OF Jefferson.
ga. The results are striking. III one
instance Il bale Of cotton placed out In
the open. flat on the ground. with no
covering. w;,s damaged to the extent of
80 pounds ut the end of eight months.
Another ale. iilaced on edge. with no
further attention, lost lG7 pounds. 4
ale on edge and turned over once Il
week. lost 40 pounds. \ bale placed
on end and not turned lost Is pounds.
\ hale placed Oh timhers off the ground
and turned once y week lost 40 pounds
| and i, bale placed an timbers and COW
cred with tarmulin lost hut IA pounds
i \ warellOuSed bale of cotton during
the same period lost only | pound.
Other tests have been conducted from
time to time that cnrrOborate these
results and prove that the ideal con-
tlitions under which cotton may lie
held by growers before marketing are
afforded l,y properly constructed, elf
GENTLY operated. bonded warehouses.
NEED FOR PROTECTION GREATER
With an enormous 6ver-sunply Of
low-grade cotton I'm the South Mt the
present time. the necessity for protect
ing the crop from weather. fire and
other loss is greater than ever before
say specialists Of the Rnreau of Mar
kets. The potential wcather damage
and other risks to which exposed cot
ton is subject increase in direct pro-
portion ms the time that cotton rpnlaiils
In the hands Of the growers lengtheMs.
and ii he cotton growers are to lose
millions Iof dollars every safeguard
against hazard of loss must lie eni-
plyod. In the matter of weather dam
} age alone it has been estimated that
: III normal times $7OnO0OOO worth Of
: hailed cotton il lost annually as n result
of permitting cotton to remain exposed
/ to the elements months Mt time with
out covering Or attention of any kind.
When 1t is considered that in many
instances the total cost of warell0us-
ing cotton. including insurance. Is no
greater that the fire-insurance rate
alone on exposed cotton it would APP
Z pear to he utmost folly for grower
not to spend his money to the greater
i. advantage say the bureaus specialists.
The Insurance rate 81, exposed cotton
Is about 81 4 hundred per aunnln.
Every 800 worth of cation stored IN
i properly constructed and protected
warehouse can lie insured for % cents
per alit,,nl The tlifferential Of $3.7:i
would In many cases pay all other
warehouse charges.
d OF fifty bales oil cotton that a cotton
K grower Of AIhysyille, TIA. sold to Il
local buyer a short time ago. Is pounds
n In each bale was found to have beer
n DESTROYED heca,ise Of exposure to TIL,
weather. At ~ cents a pound til,
grower lost nearly $1,000. II this grow
= err insured his exposed GOTTEN ii cos
: him ut the rate Of $4,000 n year for fir
= insurance alone. He neither had pro
lection from weather damage or theft
er nor was he IN Il favorable position t,
Il negotiate a loan upon his product. 4,
D. have secured these advantages woult
lave cost him MT the maximum hu
u little more that the cost of the fir,
,. Insurance alone. BY diverting his In
!. .vestnlent into ii channel that wonl,
"a have given him the fullest yalue 70
his money. he would have saved til
$1,000 that heo lost through ne.lectinI
- his product.
y GROWERS DEFEND uPoN BANKS.
!. From a financial viewpoint. ahilit
to make loans nIDn his crop IL o
paramount Importance to the cotto
ve grower Almost all cotton grower
OF must depend upon the banks to financ
u them. No banker Is anxious to len
liu money for even short period on col
gu ton inadeluatelyt protected: he enH,ha
ticaily will not do 80 under such col
to dlitiOlls OH long term loans. To he nhl
IT, to furnish gilt-elgei security to II
In banks for loans it Is necessary to selet
ar Il warehouse whose receipts are readil
lor acceptable as collateral.
he The governor OF the Federal Resers
hank Of DaIlas. Texas, recently Il
clared that. with the present Woo
grain, and cotton situation in that di
trict. the question OF adequate. license
warehouses and the vital necessity II
valid and binding negotiable receip
for all wureh0used commodities are
!. prime Importance to banking and bus
ness interests. 1t was further state
that n0nnegotiiihle warehouse receipt
or receipts that do not carry with the
the title to the stored goods. would u
lie accepted as security to notes offer'
for rediscount. aud that therefore
was Important that the banks INN
s tiately take III, with local wareIlons
y men the matter Of arranging for &
iMM issuance Of negotiable receipts IN q
&### proved form The la,Ilk has suggest
the use Of receipts after the form 4
proved by tile Federal Bureau Of M;
kets under tile provisions Of the init
States warehouse act.
Restoring the Morgan Horse.
& Efforts Of tile Emitted States DelM
i nlent Of Agriculture to restore
Morgan strain Of horses. which had
-