Newspapers / The Courier (Asheboro, N.C.) / Sept. 3, 1914, edition 1 / Page 7
Part of The Courier (Asheboro, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
LET STATE BUILD COTTON WAREHOUSES Every Southern business man as well as every farmer, is vitally in terested in the cotton problem. On the success with which we solve it will depend his prosperity this year and next. My article is to or (.use thought, get discussion and prompt action on somebody's plunj. We -need monuy in atiuiidance to finance all cotton that cannot be sold at 10 cents or above. I think it costs about 10 cents to produce cotton, and it will take that much to pay actual debts in South Carolina. We need to fix loans so we cannot be called for margins if cotton should sell below u fixed loan value. I suggest eight cents per pound basis middling at point of steerage as a basis price for loans. We need as low rate of inter est as we can secure, so if we hold a year or more the cost of interest with storage and insurance will not add too fast to the price of cotton. We hope to get a 5 per cent rate on money when cotton is stored in good strong ware houses, and insured up to at least 10 cents per pound. I suggest a 25-cent charge per bale per month for stor age and insurance. This would cost $3 a year for storage and insurance. With money at 5 per cent on a loan of $40 the interest for one year would be $2 With this rate of storage and interest the cost of carrying one bale a year would be $5, or one cent per pound. We need warehouse room provided to carry fully one-half the ordinary crop of each state. I am going to base my statement on warehouse ac commodations for South Carolina and Georgia. I do not think South Caro lina could store more than 200,009 bales. If the European war shoull last six months we may be called on to finance and store fully 700,000 bales, more than three times our pr ;s ent storage capacity. The first consideration is to fix a loan price that will about pay our farmers out of debt and so fix the loan that it can be run till we can sell cotton. We cannot afford to make our loans four months, six months, or one year. We may have to have at least $400,000,000 to finance the crop, and to make this sum due and payable at fixed dates would paralyze the cotton market by putting too much cotton on the market at one time. We must arrange to finance this crop through a channel that will not interfere with business .urange ments in 1915. If a farmer has a nor mal credit with his bank for $1,000 and he should get this loan on cotton ' it will not do to let this cut him oiT from his usual credit in 1915. He needs the loan on cotton to pay his past indebtedness, and we will have to get a new plan to finance his next crop. The ordinary country bank cannot make the vast loans to carry the present crop, unless they have as surrance they can sell the warehouse loans in such a way as not to prevent them in 1915 getting advances from their corresponding banks. The second consideration is how to get plenty of warehouse room, with the receipt guaranteed by a company known to be absolutely responsible. T do not think Georgia has at present warehouse room to carry exceeding 300,000 bales of cotton. Storage and insurance in Savannah is 40 cents per bale per month. Very few of the Georgia warehouses are provided with sprinkler systems and for that reason storage and insurance are ex pensive. As a remedy I suggest that each of the nine principal cotton States pro vide a State worehouse system Wo should have built private warehouses years ago and have made prepara tions for an emergency. But as an individual and as a siember of the Farmers' Union I have for years ad vocated the building of such ware houses. It is now too late to hope individuals can build so extensive a chain of warehouses in time to do us any good in the present emergency. I suggest that each cotton State im mediately sell bonds to an amount equal $2 per bale for the ordinary cotton crop produced by that State. In South Carolina this would raise $3,000,000. If the bond market would not take these bonds at a favorable rate of interest, I suggest that they be offered to cotton farmers in the several states. If the bonds should run for a period of from three to five years and bear interest at the rate of 5 per cent, let cotton farmers sub scribe for bonds in the sum of $100 to be paid for in middling cotton at ten cents Der Dound. The State could realize on this coton from the Nat ional Government and use the money to build the warehouse system. They could hold the cotton and if it brought more than 10 cents per pound give the farmers the benfit of the price, If it should fail to bring 10 cents per pound, the State could regard that the bonds brought that r mch less than par. As to fixing an eiirht-cent loan val ue, the National Goevmment might be willing to handle the warehouse receipts with no other guarantee than the endorsement in South Carolina of a $3,000,000 warehouse company. If thev were not willing to take the re ceipts with such endorsement, then some system of State validation might be agreed upon. No warehouse should be built that will store less than 15,000 bales and should be built in towns having the best railroad la cilities. I believe my plan is feasible; but I do not claim it is the best or the only one that can be divsed. I make the suggestion to get discussion started. Whatever is to be done must be done quickly, and I believe it will take ac tion by the State and National Gov ernment to make the system big enough and quick enough to give re lief This plan is no makeshift, as it will not only take care of the present emergency but will do for all times as long as we have cotton for our money cy crop. I do not feel we should call on the National Government to solve our problems that can be better done by our own State governments. Each State could arrange to get the best insurance rate if this plan should be adopted. Some of the mutual insur ance companies have insured cotton as low as one-tenth of 1 per cent, or for a cost of 10 cents per year on cot- 'OIIO-CIIIlI 1 -A W 'aaai U; ' ' ';t' if (s. gr ------ tofmrnmrn wm wvr" si ? -vt j .-p rtl I I nftiaiiii iiir iMtkLu&jniia 1 1 - mi tirHTiarotr fl 'A'" i . - '.If,' - t ' . ' . - t 3 I , , .r. ' if Eternal Low Base Range Eternal Leg Base Range "THE ANGE ETERNAL" EVERLASTINGLY GOOD A Salesman from the factory of the ENGMAN-MATTHEWS RANGE COMPANY TWO GENERATIONS OF MALLEABLE RANGE BUILDERS SOUTH BEND, INDIANA, will snow you why it OUT LASTS, OUT LOOKS AND OUT COOKS Any other Range on the market. He. will also give you a useful cook book and an in- v teresting souvenir. A $10 set of Cooking Utensils goes with each "Range Eternal" purchased at the store of - 1 c m mm HEX .... a Lewis Miware ASHEBORO, N. C. September 3 to 9, 1914 Comraiv ton to the value of $100. it tnis plan meeis vran your ap proval, Mr. Cotton Farmer, get busy and urge that the Governor call a special meeting 01 ine legislature. w nan noOTir tVto Kill tirniio-h ha legislature, submit it to the voters for approval, sell our Donas ior casn or for cotton, build our warehouses, and have the entire system in operation by January 1, 1915. If adopted by South Carolina, it will solve the prob- Iawi mi Stoa nrhotVipr ihp other eight cotton producing States adopt it or nou T Koliova tha nlnn ran be adODted by the nine leading cotton-producing States, ana tnai never in me iun i- can conditions arise that will threat en our commercial life, as in '94 to '99, as in 1906, as in 1911, and is at prjs ent. WADE STACKHOUSE, i-illon, S. C. ORCHARD PROFITS "What One Grower of Teaches in the Sand Hills Is Doing (Brownlee Frix, in the Southern Pines Tourist.) The other day your correspondent intorviowl Mr. Mcl. Kennedy, the famous peach grower of Eagle Springs. , This year Mr. Kennedy has .sold $14.8T worth of peaches from one fraa Tha tro a in 15 vears old and has borne 11 crops. II be?an to bear the third year and has missed one crop since, on account of hail. Mr. thnt in order to be s uc cessful with peache one miist plant on a high ridge ana not on iow ground. Any land on a level with the railroad from Candor mt Pine hurst, is above the "frost line" and he prefers slightly rolling land with bluffs near the orchard, so that there will be "air drainage." It Ja said that air will drain down a hill just as water will, and when the 'wind is ' blowing there can be no frost. I It is necessary, too, to spray the j trees about four times a year and to fertilize and cultivate them. A good idea is to plant cotton between the row of trees for the first three years as they will nourish on the treatment that cotton gets and then there is some money in raising cotton. Last year Mr. Kennedy sold $651. 69 from one acre of peaches. This acre, and two others were planted I in April, 1906, all different varieties. He did not do so well with one acre last year, it netting him only $178. The fourth year this three-acre orchard 'netted Mr. Mac. $1,107. He has an 85-acre orchard three years old in ad dition to his small orchard and ex ipects to get 4,000 crates this season. I He has been shipping since the 14th of ;June and his first shipments brought j $3 a crate, or $1 a peck in Washington. Since then he has gotten as high as ! $4 a crate. Elbertas will ripen in about I two weeks and Mr. Kennedy says he always gets fancy prices for this va Iriety. Mr. Kennedy has planned his orchards so that he an handle the ! shipments with a comparatively small force of hands during the shipping season and keps the hands busy from : early in June until the late peaches !are gone. CANADA IS EAGER TO AID THE MULE The mule he has a lovely smile; j And so has man. The mule is sometimes kind and good; I And so is man, He eats all kinds of breatkfaut food; j And so does' man. . Like man he balks at gaud,' dress And all outlandish foolishness; . Th mules' accused' of muliahness; And so is man. -v Missouri Kuralist. Dominion Will Furnish Men and Wheat for Great Britain Canada is preparing to take an important part in the Euro pean war. To provide a food sup ply sufficient not only to keep the people of the British Isles from all danger of shortage, but enough over to aid materially in the food maintenance of Brit ain's fighting force on the conti nent, is the task which she aims to accomplish. As if this were not enough, Britain's North American dominion will send 100,000 trained fighting mer across the seas. More than this Canada is undertaking her own defense without asking the aid of the British Isles. Three' dreadnaughts, just be ing completed by Britain, it is expected, will be purchased by Canada at a cost of $35,000,000, and, as a proof of her loyalty, Canada will give these to Eng land. When news of the official dec laration of war by Great Britain reached Canada the Military council was convoked. It has de cided to offer 30,000 horses . English army; 100,000 fightim? men an J. 000,000 bushels of wheat. The horses have been secured. The voluntary army has gone beyond the number or iginally asked. The first group of 10,000 will be ready to sail the latter part of this month. In ad dition to this force, Great Brit ain and France have called their rcsarvists back to the colors. It is believed here are an addi tional 100,000 men in Canada who have served under their na tive Hags on the continent. Grent Britain has assured Canada Lhat the men sent from the Dominion will be sent to tha firing line immediately upon ar rival. They are men accustom ed to roughing it and should make the best soldiers on the battlefield of Europe. Will Do Much Red Cross Woik Boy Scouts to the number of 50,000 have volunteered to ' aid in the European war. Girl guides, not to be outdone, are making red cross bands for the boys. The Imperial Order of Daughters of the Empire will purchase and equip a Red Cross ship for Great Britain. In ad dition, nurses and physicians from all parts of Canada are vol unteering their services. In some hospitals every nurse has volunteered. Every telephone and telegraph station in the Dominion, every wireless station and every rail road, bridge and culvert in Can ada are under guard. No Ger man or Austrian reservist is be ing allowed to leave the country and nc 5n may sail from a Ca nadian until her destiny is fully. e ;.-.-.W- How Women Were Made I According to a Hindu Legend, .this ic the proper origin of wo rnan. Twashtri, the god of Vulcan, of Hindu mythology, created th- i world. But on his commencing jto create woman he discovered I that with man he had exhaust led all h'.s creative matcirals, and ithat not one solid element had been left. That, of course, great ily perplexed Twashtri, r.nd ho fell into a profound mediation. Wlun he arose from it he pro ceeded as follows: He took the roundness of the moon, the un idulating curves of the serpen r, the graceful twist of the creep ing blade, the velvety softness of the flowers, the gentle gaze of I the dee, the frolicksomeness of jthe dancing sunbeam, the tears of the cloud, the inconstancy of the wind, the timidity of the hare, the vanity of the peacock, I the hardness of the diamond, the sweetness of honey, the cruelty of the tiger, the heat of the fire, the chill of the snow tho cackling of the parrot and thi jcoo5ng of the turtledove. AH :of these he mixed toegther and I formed woman. Then he pre sented her to man. Making Your Own Glue. A simple, effective glue that Is harmless, colorless aud odorless can be made by adding ordinary Uploc to water and boiling.
The Courier (Asheboro, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Sept. 3, 1914, edition 1
7
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75