Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1922-08-18

provides his mill for the warchousing
and taking care of the stock of raw
cotton and the manufactured product
of his plant. This is not only neces-
sary to the broker and cotton dealer
and manufacturer from the standpoint
| of caring for and preserving his prop
crty, but it is necessary to him from
n financial standpoint. They, in order
to keep their business going on in a
profitable way must be able to realize
on their stock, because it requires
great volumes of money to transact
their business. Before the financier
would advance money on the property
he will first find out what protection
he has in the property offered as Sc
curity; knowing that cotton will de-
teriorate and rot very fast if exposed
to the weather, he refuses to advance
any money on cotton left lying out
subject to the elements, therefore, it
must be housed and protected from the
rain and sunshine. Knowing also that
cotton is highly inflammable he refuses
to advance any money on it unless it
is entirely covered by insurance
against loss by fire, which unless
properly housed in the right way, in
proper kind of building would be
prohibitive on account of the premium
charge. He knows also that cotton is
subject to thieves and rogues and
therefore must be in charge of some
one who will safeguard it from that
standpoint, and who is bonded suffi-
ciently to preserve them against loss
from this source.
Value of Warehouses.
Now the farmer, the man who pro-
duces this cotton up TO the time of the
Inauguration of the state warehouse
system, had no way of warehousing
his product so that he could care for
it and insure it at anything like rea-
sonable cost, neither could he issue n
receipt that he could realize on; there
fore, he was forced to either sell his
cotton in the fall, or ship it or other
wise transport it to some city or con-
centration point and pay high rate
of storage, cost for freight and dray-
age and other charges which he never
was able to understand and where his
cotton would lose its identity and
when he did decide to sell was proba-
bly, already spun up and had been used
as a weapon against him in hammer
ing down the price.
Now the state warehouse system has
settled that problem for the farmer of
this state by placing it within the
reach of every community OF farmers,
at least the machinery whereby the
cotton can be stored at minimum
of cost for insurance; where 1t can be
marked and tagged and the identical
cotton that is stored can be found;
where it can be receipted for by the
lawful agents of the state, who under
| their bonds are required to properly
| care for it while in storage; to look
| after it from a standpoint of prescrva-
ton, and by inspection and counting
| assure those who loan their good mon
ey on it as security that 1t will be de-
livered on presentation of the receipts;
making the state warehouse receipts
as good collateral as any paper in the
wcrld. This state warehouse law has
been extended SO as to include in its
provisions any and all non-perishable
farm products. We are varehousinG
| for the farmers of this state not only
their cotton, but corn, peas, velvet
beans and cotton seed under the same
cheap form Of insurance. We expect
to have several sweet potato houses In
operation before the end of the season
where after being properly cured and
Grated for market they will be stored
rcceiptcd and cared for until the mar
kets of the country will absorb them
Not only that but any other product
of the farm which in its nature is non
perishable, or can be so rendered by
processing This, in my opinion, will
he highly necessary under the system
of agriculture which is made neces-
sary by reason of changed conditions
Provided BY the State.
This is provided for you by youl
state; your commissioner is your ser.
want for that purpose, he is working
out and studying out all the details
technical and otherwise along these
lines for your benefit. AS the great
class of the people of the com
mOnwealth engaged in an Occupa'
ton which at once becomes the mos
necessary to the health. happiness ant
we'll being of the entire population
not only of the state, but which in {
very great measure contributes to The
wealth. of the whole country and cX-
tends its influence to the inhabitants
of distant countries, let me beseecf
you to take advantage of this provi-
sion and use it to the greatest advant-
age. Let us all work together for the
common good of our common country
and by studying the work we are en-
| on upd in hiring is 10 as near DerfcCtiOr