The Birmingham age-herald., 1921-11-01

the farmer had a merchantable and useful product handed him in return and all indictments profit was eliminated,
 Tn the Toll Plan of merchandising cotton the Warrant Export and Dis count corporation and it's associates are merely meeting a distressing sit uation by going back to fundamentals of merchandising.
 "The markets of the world are bare of cotton products. These demands should be cared for and so long as growers of the south are necessarily sufferers and when the demand for cotton products cannot be supplied naturally the consumption of cotton products falls off, to the irretrievable hurt of the original producer.
 Working With Farmers
 Tt will be the purpose of the War rant Export and Discount corpora tion to aid in relieving this situation in every way that 1t can. Already it's officers are working closely with the various farm organizations. such as the Farmers union, the American Cotton association and the Markets bureau.
 "The Warrant Export and Discount corporation will undertake to re ceive cotton, warehouse 1t, Insure 1t and, where farmers or owners desire to immediately realize on it, will un- dertake to find the best possible market It will advance loans on cotton shipments and negotiate loans for owners who wish to hold their cotton. Or, in other words, II will function in every possible way look ing towards the amelioration of the present unfortunate conditions that fn ha fat It's European connections are the very best and reports from the London of flee are urging immediate shipment of cotton, reporting that they can dis pose of the resultant products Of 100000 bales under most adyantag eous conditions.
 Want 100000 Bales
 The Warrant Export and Discount corporation has contracts now with the Mautner- -Kuffler mills in Czecho- Sloyakia in which they agree to take 2Oo,090 bales as rapidly as they can be shipped over These mills have an established trade throughout the world. especially in Europe and South American countries and there Is a ready market for all of their prod ucts
 The warrant Export aad Discount C0l ptA ID dlACdbN tfVh'ht7 v and has today made several loans on cotton which has been shipped to us.
 "Arkansas interests are engaged now in getting together a quantity of cotton to be sent over under the 'Tol Plan and it is expected that Alabama will furnish large quantities of cotton before the first of the year. "
 Mir. Dobbs spent several months in Europe last spring, visiting the mills and looking into the facilities of these mills for properly manufacturing such cotton as might be sent over, espe- cially Investigating their moral and financial responsibility.
 He is well known business man of Atlanta, being g director in the Coca Cola company, the Trust Com pany of Georgia. the Grout Goldsmi tn company, and other business firms.
 Other officers of the new company are we'll known Birmingham business men.
 There Is personal side of the organization of the new company of interest to Birmingham W. D. Nes- bitt, secretary of the company, said yesterday Tt was the Warrior river transport rtation possibilities that first attracted the attention of the organ izer of this company to Birmingh am This system offered attractive freight rates, and this Is one of the factors which brought the company to BIT mingham.