Thursday, March 21, 1907.
Peanut Growers, Build Warehouses
It is the One and Only Plan for Making Organization Effective Secre
tary Stephenson Outlines the Method Which He Believes Most Practicable.
THE PROGRESSIVE FARMER.
r a no n n o
L M W
SlnJavoinlg
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Messrs. Editors: The ultimate suc
cess of the Peanut's Growers' Asso
ciation depends upon the protection
of the weak member. It is not
enough to say and prove that the
peanut growers should have more
equitable prices for their peanuts. It
is not enough to say that 5 cents
per pound is an equitable price this
year upon the basis of a half crop
and a large part of that damaged. It
is not enough to say that the farmers
can realize this price for strictly
prime peanuts if they will only hold
their peanuts off the market for
awhile.
Helping the Weak Grower.
.'The question is continually arising
with stubborn insistence, How can
it be done? Like the ghost of Ham
let, it will not down.
One farmer says, "I must have
money "to pay my last year's store
account." He is right. It is not
fair for the merchant to be deprived
of his money while his own accounts
are accumulating and bearing in
terest. Another says, "I have made in
vestments; my notes are coming due.
I must have money to settle them."
He is right, too. It is not right to
hold off your creditors while you have
peanuts the worth of which is theirs.
Still another says, "I must have
money with which,, to buy necessi
ties." So, on all hands comes the cry of
the weak man, the man who is as
anxious as anybody to realize the
minimum price, but who is really not
able to hold for it. This, by all odds,
is the weakest point in every farm
ers' organization. The members are
of such varying abilities. ? Here is
the man who can hold his peanuts
one year or two years or. longer with
out feeling the difference. Beside
him is the man for whom it is a real
sacrifice to hold his peanuts six
weeks after they are ready for mar
ket. This is the rock upon those
who are well-wishers to our failure
expect us to strike and sink.
Plans for Warehousing Peanuts.
The protection of the weak broth
er is the problem of the Peanut
Growers' Association. Others have
solved similar problems, as I shall
show; we must solve ours, too. I
believe that the solution of this prob
lem lies in the construction of a sys
tem of warehouses. There are sev
eral plans for the construction and
maintenance of storage warehouses.
The following appeals to me as the
simplest and most practicable:
Let each large local union build at
its shipping point its own warehouse,
using stock suscribed by its own
members. If the local unions are
small or close together two or more
may combine to erect a large ware
house. The local unions must have
a man to receive, grade, and store
the peanuts, and issue warehouse cer
tificates. One man might attend to
more than one warehouse by having
special days of the week for each.
For a certain commission, the stock
holders store the peanuts, insure
them, and deliver them at sale. The
farmer signs a contract appointing
the ' warehouse managers his selling
agents, agreeing to leave the matter
of sale in their hands, provided they
must not sell his peanuts for less
than the price set by the Association.
Pro Rate the Sales.
When the peanuts, or any portion
of thern, are sold, the amount is pro
rated. That is," suppose A stores 400
Imgs; B, 200; C, 600. The cleaner,
through its agent, buys 600 bags at
the minimum price of 5 cents, say.
This amounts to $3,300. Half of
all the peanuts stored have been sold.
A receives a check for $1,100, being
the price of half his 400 bags; B, for
$550, being the price of half his 200
bags; C, for $1,650, being the price
of half his 600 bags. When the next
sale is made, the amount is pro-rated
again; So on, until all the peanuts
are sold at or above the minimum
price. This enables each member to
get some money all along during the
year. It is much better than for one
farmer to slip in and sell his entire
crop of peanuts, while his neighbor
misses the opportunity and has to
wait until another rise in the market.
Stored Peanuts Are Good Collateral.
The holder of the warehouse cer
tificate can take it to any bank and
borrow money with which to settle
his accounts and run his business,
while he still holds his peanuts as
well as the man of means. I happen
to know one bank president here in
the Peanut Belt who says that he
considers stored and insured peanuts
next to real estate as security for
loans.
And now, who covers the cost of
holding? The - man who buys the
peanuts. This is just. Suppose the
cleaner buys peanuts in December to
be used the following. June. The
cleaner would have to bear the cost
of storage during the six or seven
months. In fact, when we store our
peanuts in our own warehouses, we
are really helping the cleaners.
Therefore, they should pay the cost
of holding. If it costs cent per
pound per month to store peanuts
(this estimate is only an illustra
tion), then 4 cent per pound is
added to the minimum price -each
month. '.
. The above is a sketch of the plan
of construction and maintenance of
the warehouses which I have in mind.
A great many features I have omitted
entirely; some I have mentioned will
have to be amended. I am not so
concerned in the way in which the
houses are built as in securing full
and adequate protection for the weak
brother.
The Northampton County Union
has a committee studying the ware
house problem,- the best type of
warehouse, the size, the cost of stor
ing, etc. It will make a report at
the next quarterly meeting, that in
April, and may give out something
for publication before then.
GILBERT T. STEPHENSON,
Secretary.
Pendleton, N. C.
LIDDELL COMPANY.
Machine Shops In Charlotte, N. C,
where Cotton Gin Machinery, Saw Mills,
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The Driving of Gins
From a mechanical standpoint the
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ployed with, a modification of the de-
D
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Morlng. J. R. Chamberlain, H. E. N orris, J. W. Harden, Jr., Alfred Williams.
i i
vice. Neither will run satisfactorily
unless the belt is tight, and a tight
belt is a terror to a mechanic. Any
kind of tightener is a makeshift, in
creasing friction and thereby taking
more power, to say nothing" of hot
boxes and wear. There is hardly
ever an excuse for it, except one
an dthat is when it is impracticable
to put on pulleys large enough to
do the work.
We can drive gins without tighten
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PRACTICAL MANUAL
: By Prof. J. S. Newman, Clemson
College, S. C.,
is undoubtedly the best work on the subject
hi print to-day." F. J. Merriam, Editor South
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220 pages, illustrated, 6x7 Inches, postpaid
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Wanted A Mica Mine
Give full particulars, naming
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Price of Corn, 12.60 bushel.;
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I The Empire Manufacturing Co., of
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THE ATLANTIC FIRE
INSURANCE CO.,
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lOF RALEIGH, N. C.
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is oned and operated ex-
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Officers
Chas E, Johnson, President.
Jos. G. Brown, Vice-President.
G. H. Dortcb. Secretary.
H.W. Jackson, Treasurer.
T. B. Womack, Attorney.
Di rectors
Chas. E, Jonson . Raleigh.
J. J. Thomas. Raleigh.
T. B. Womack Raleigh.
A. B Andrews, Jr .Raleigh.
Alf. A. Thompson . Raleigh.
E. CTHlllyer Raleigh.
H. W. Jackson Raleigh-
H. T. lcks...... . Raleigh.
Joseph G. Brown . Raleigh.
J. E. Shepherd Raleigh.
Ivan M. Proctor . Raleigh. ,
iJ-'J0?111- Raleigh.
C. B. Barbee .Raleigh.
J. SJ Wynne . Raleigh.
Ashley Home Clayton.
Joe i Rosenthal Goldsboro.
S5?,01"11- Tarboro.
P Hi Williams ...Elizabeth City.
John Blue.. Aberdeen.
. Wm, Saunders ..Snrithfleld.
F. A. Woodard. Wilson.
m ?'?atJle- Bocky Mount.
T. Jj. Chlsholm Sanford.
Wescott Robertson High Point.
E. J. Becton Kinston.