Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-11-03
EXPORT COMPANY
HAS NEW PLAN To
MARKET COTTON
Concern Headed by s. c.
Dobbs to Ship Staple, Have
1t Manufactured and Sold
on Toll Basis

Following the organization Mon
day in Birmingham of thsN Warrant
Export and Discount corporation, its
president, Sam G. Dobbs, OF Atlanta,
explained Tuesday the plans and
methods of this million-dollar con-
tioning the afternoon of the day OF
its organization; and already had
contracts for 100000 bales of SOUTH
ern cotton, with immediate prospects
of the requirement Of twice as much
for European consumption.
The officers of the corporation, be-
side Mr.. Dobbs as president, are:
Charles f. Wood, of Washington, d.
c., textile engineer, vice president;
Cleon B. Rogers, Birmingham bank
er, treasurer, and w. ID. Nesbitt,
president of the Warrant Warehouse
company OF Birmingham and Mobile,
as secretary. III. K. Miner, secre-
tary of the same firm, whose physi-
cal properties will be used by the
new concern, is a director, as are
all the officers.
1--WE have gone right back to the
old toll plan,'" said Mr.. Dobbs.
THAT is the simplest method and
the most effective ever devised for
marketing raw product. In the
ante-bellum days in the southland
in many rural districts today the
same plan is practiced-the farmer
hauled his corn to the mill, the miller
ground it for a portion of the grain
n fol L q fa, e,rt h e, nj.
ed product, the meal, without any
lost motion and not a cent to any
middle-man.
Old and Sound
THAT is the plan OF the Warrant
Export and Discount corporation
the soundest marketing plan of q
raw product yet devised, and one
of the Oldest. Our concern under
takes to receive cotton, warehouse
it, insure it, and, where the farm
erS or owners desire to realize ON
it at once, find the best possible mar
ket. By market / do not mean
simply selling the cotton. Our COM
pany has established connections in
London, Liverpool, Vienna and
Prague. Cotton will be forwarded
entirely under our supervision to
Europeans mills, manufactured under
the supervision of our agents, and
the resultant goods sold ON the
world market, the returns being
made direct to the original owners
OF the cotton, less our firms conn
f11fsSfon;' which is on percentage
basis strictly.
This system eliminates all other
commissions, storage charges. brolS.
GRACE charges, and most especially
the tremendous burden borne by
cotton by reason of the price of the
American dollar in the European
markets. BY this simple and direct
method, the difference in exchange
is an asset rather than an expense
to the American cotton grower.
When a shipment of cotton is re-
ceived by us it is sampled and COM
pressed and a trust receipt is given
the owner. BY the time the cotton
is overseas, the samples in the hands
of our own representatives, have
been used to ascertain the exact
grade of cloth the cotton is best
suited for making, and the European
mill that is prepared to manufacture
1T most advantageously is given the
contract. On the sale of the fin
ished product we settle directly with
the original owner of the cotton.
Plans Carefully Made
Gas an example of what this sys-
tenn will do for southern cotton, the-
first movement of cotton from this
country to Prague occurred early
this year-10,0 900 bales, which, at the
time of shipment, could not have
been sold for more than eight cents
pound. Returns now are coming
back to the owners of this cotton
at from twenty-five to twenty-eight
cents a pound-netting them more
than three times what they could
have got from the cotton sold on
the market"
Mr.. Dobbs said that for owners
who wished to hold their cotton his
company would advance loans OH
cotton shipments.
"In other words" he said, 1--WE in.
tend to function in every possible
way to ease the unfortunate condi-
tions now existing in the cotton
states. This is not altruism. It is
plain, hard, sensible business"
Mr.. Dobbs spent several months
in Europe recently. visiting the mills
and gaugi1fg their facilities for the
manufacture of cotton shipped under
Llllo pICLls Liz OIlhOAllSCo IudL lIlU
Warrant Export and Discount cor
poration now had contracts with the
great Mautner-Kuffler mills, in
Czecho-Slovakia in which the latter
agreed to take 200, 900 bales as fast
as the cotton could be shipped, the
mills having an established trade
throughout the world, with ready
market for their product in Europe
and the South American countries.
eve have not gone into this or
ganization in hurry" he added.
1--WE have spent two years in prepar-
ing to launch this enterprise. Our
steps even have included
the getting of protective legislation
in various countries for cotton, and
it's resultant products handled by us.
And our system provides that every
bale of cotton we take is under our
own supervision through every step
until the finished product q sold.
Finances of Europe
In depicting the hapless financial
condition of central Europe, aud the
inability of it's best spinners to pur-
chase cotton in the open market, Mr..
Dobbs referred to the fact that il
would require today about $500 Aus
trian kronen to buy 81 worth of
southern cotton
'I went to bank in that country
for 5000 worth of kronen," he said,
land I had to carry the money away
in suitcase. / bought a sporting
rifle for the equivalent of $40 in
American money, and had it sent to
the hotel G. o. D., and the hotel had
to refuse to accept it because there
was not that much of the native
in the house"
AS to the effect on, the south of
this condition, Mr.. Dobbs said:
"The markets of the world are
bare of cotton products. These de-
mands should be taken care of. So
long as they are not, the cotton
growers of the south necessarily are
The nrincinal S11ffnrerS When the