Sherman Daily Democrat (Sherman, Tex.), Vol. 32, Ed. 1 Tuesday, September 3, 1912 Page: 3 of 8
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THE DAIIjY DEMOCRAT
18 DELIVERED
BY CARRIER IN SHERMAN
AND DENISON
AT
80 CENTS PER MONTH.
SHERMAN DAILY" DEMOCRAT.
r r f
SHERMAN, TEXAS, SEPTEMBER .1, 1913, 4:30 P. M.
,
A SHOWl
♦; V -« <s ?j
We are conducting a sort of Shoe Show
these days.
Lots of new Fall Styles are in. Others
on the way, and we just love to show
them.
Come in and see these new arrivals. We
promise to interest you and if might pay
you to buy early while the stock is com-
plete.
ft. IV. YATES
.* 123 North Travis Street
Now is Your Time to Get an Iron
Until August 1st bue ivill sell the
celebrated $6 Hot Point Electric Iron
for £4-.00f Each Iron is guaranteed
for fin)e years, 10 days trial.
* * ■ >• « ■;
: LL
Texas Power & Light Co.
FI. Worth Packing Honses Bnying Hogs at
St. Joseph Stock Yards and Shipping
to Ft. Worth by Train Load. .
NOW IS THE TIME to get into the hog busings.
You nfO><! (i(H)D BLOOD to sturt with. We have it.
REOISTERED DUROC JERSEY & POLAND CHINA HOGS
Wean (Ml Pig*. 813.50 fact.; $33.50 pair. y
Four to five months old pigs $17.50 enrii.
Five to Nix monthm old pigs. $33.50 tick
Bred (Jilts, $30.00 to $40.00 each.
Bred Tried Sows, $45.00 to $55.00.
Large supply of Serviceable boars on hand.
HILLCREST BREEDING FARM
P. O. BOX 385.
FORT WORTH, TEXAS.
' ȴ
LONE STAR BAKERY
For Quality go to the
LONE STAR. BAKERY
209 South Travis Street
THAT’S ALL
PIANO
» Wf
For Rent
S ■
r -i • 7' —■
■'W
T. B. Smith Furniture Co.
jfe. .
Easy Payments
Rl l KN OF FOREIGN EXCHANGES
CREATE A FAIAB STAND-
ARD OF WEIGHTS.
REPORTS ON
COTTON TIRE
■7M
SOME REMEDIES SUGGESTED
('ouimiNMioner Couant Hay* He Finds
That Uncertainty In Injected Into
Nearly Every Americnn Sale Made
lu Europe.
Washington, Sept. 3.—Rules of
foreign cotton exchanges, govern-
ing tare on cotton exported from
the United States have created a
false standard of weights which in-
ject uncertainty into practically ev-
ery American cotton sale in the im-
portant markets of Europe, re-
sulting in serious abuses, indefen-
sible practices, and even fraud on
the part ot the cotton merchants of
this country, according to Luther
Conant, Jr., commissioner of Cor-
porations, in a report to President
Taft, made public today.
The report is based upon an ex-
tensive investigation of cotton tare
-the allowance for bagging and
ties enclosing a bale of cotton in
order to ascertain the net weight
which was undertaken on com-
plaint that American cotton pro-
ducers were subjected to serious
loss because of excessive deduc-
tions for tare under the regula-
tions of leading European markets.
The producer does not ordinarily
suffer under these rules, according
to the commissioner, because of
fhe active competition among mer-
chants in the purchase of cotton
from the farmer for export. The
existence of competition and its rem-
edial effect, however, he pointed
out, cannot always be relied upon,
and it is impossible to iscape the
conclusion that the producer may
be injured and sometimes is.
The tare rules, the report de-
clares, complicate price calcula-
tions with an unnecessary element
of chance and involve economic
waste because of the use of exces-
sive bagging. If this waste does
not injure the producer, or merch-
ant or spinner, it must impose an
unnecessary burden upon the con-
sumer of cotton goods, says the
report. Commissioner Conant de-
clares that immediate action should
be taken to remedy the evils and
offers suggestions for temporary
and ultimate permanent relief.
The American producer sells his
cotton gross weight and ns a rule,
according to the report, believes
that he makes a big profit on tare
by receiving the same price for bag-
ging that he obtains for cotton.
This is untrue, the report says, ns
the evidence demonstrates that the
buyer of cotton takes the tare into
consideration In fixing the price he
offers. |
Cotton for export on the other
hand is sold net weight. It is in. this
connection that complication and
uncertainty are injected into cotton
sales. The American exporter by
terms of his invoice contract with
the foreign buyer must compute
Ibe net weight of hi.; cotton by
deducting f per cent from (lie gro'S
weight. The average bale of cot-
ton weighs 500 pounds gross, con-
tains about 4 78 pounds of cotfoi
and 22 pounds of tare as it comes
from the producer to the exporter.
A reduction of (i per cent under the
foreign tare rules, from a gross
weight of 500 poutids, however,
would leave only 470 pounds net, or
eight pounds less than the actual
weight of the net cotton in the
bale. In addition to that discrep-
ancy, the report points out. that
the situation Is further complicat-
ed by the fact that when the cot-
ton reaches its destination, the
foreign buyer under contract with
the American exporter, has the
right to demand an actual test for
tare. In this test the rules fix a
maximum allowance for tare of only
about 5.3 per rent or 20 1-2 pounds
on a hale of 500 ponnds. This is
a discrepancy of 3 1-2 pounds as
compared with the 30 pound In-
voice deduction und the foreign
buyer calls upon the exporter to
make good that amount.
The American exporter, under
these circumstances, according to
the report, faces a serious problem
to avoid deducting business at a
loss. Some cotton merchants,
Mr. Conant says, argue that, these
facts are thoroughly understood by
the trade and are adjusted in the
price which the exporter asks for
his cotton. The commissioner
does hot entirely agree with this
NEW RELIEF FOR
s'.
view and says that the practical re-
sult of the rules has been that the
exporter adds unnecessary tare to
his cotton. f
‘ The exporter,” he says, “na-
turally adds tare up to the amount
allowed by the rules t roughly 26*4
pounds). He does this by "patch-
ing,'' that is placing strip-bagging
on the bale. A small part of such
patching Is usually necessary to
cover sample holes. However,
since the exporter in making out
liis invoice must deduct <S per cent
of the to$al weight of the bales;
sometimes he adds even more.
‘•Obviously, if ttie exporter
makes a complete adjustment in
the price, and also adjusts by add-
ing tare, he makes a profit on such
added itare. if, however, com-
plete adjustment is not made in
the price, this addition of tare be-
comes simply a means of 'protec-
tion against loss, although in the
trade it is usually spoken of as a
profit on patching.’
"Granting that the price of cot-
ton is in no way affected by the
«; per cent rule, It is nevertheless
highly objectionable. It results in
changing the gross weight of the
bale and thus Introduces an avoid-
able element of chance, both as to
the actual weight of cotton to be
paid for and as to price.”
As a result of this fi per cent
rule, itlie commissioner estimates
(hat at least 50 per cent of the
American exportations of cotton
are over-tared and that an insig-
nificant proportion of the remain-
der is under-tared. It is this use
of unnecessary tare says the report,
that injects uncertainty and pos-
sible fraud Into the cotton busi-
ness.
"This uncertainty," adds the re-
port,, “strikes at the basic factor
of every transaction, namely,
the amount, of the commodity
actually sold. It in effect estab-
lishes a false standard of weights
with the inevitable unfortunate
consequences of such a condition.
It thiiB gives an advantage to a
skilled class of specialists who best
understand the complicated details
of the business, with a correspond-
ing disadvantage to the less expert.
It. is not sufficient to say that
competition among these skilled
(lasses often forces them to turn
ovpr the benefit of this false meas-
ure to the producer, It is not se-
riously contended that this is al-
ways so. and is thus ever present
the open door to fraud. There is
always the invitation to cotton mer-
chants to adopt improper prac-
tices, and there is thus intieed into
the trade a class of men who bring
discredit upon honest merchants.
This is not only theoretically so,
but it is actually so. Buyers of
cotton both la this country and
abroad, are constantly finding them-
selves involved in transactions
where shippers have taken advan-
tage of these opportunities to de-
fraud.”
The ideal remedy for all these
evils, Mr. Conant concludes, Is the
standardization of tare to be put on
a bale of cotton by making it a de-
finite or readily ascertainable
amount, so that, the net weight may
be determined without controversy or
test. The present careless or ir-
regular method of covering cotton,
if the evils are allowed to go un-
corrected, he declares, seem likely
to invite legislation.
Pending the adoption of a thor-
ough remedy, the commissioner be-
lieves that substantial benefits will
accrue by modifying the 6 per cent
contract so as to provide for a re-
duction of 5 per cent or some other
percentage more accurately repre-
senting the amount of covering
actually necessary to protect the
cotton. The requirements of the
contract, he says, should certainly
be identical with the allowance es-
tablished by the rules under an
actual test.
There would be a great saving
the report says, if the cotton couid
be compressed at tlie gin. Under
the present practice the staple is
pressed at the gin and later com-
pressed to greater density at nu-
merous establishments scattered
over the cotton belt. Compressing
at. the gin. he says, would encount-
er opposition from the owners of
compresses because it would de-
stroy their business. Furthermore,
he adds, it would he Impractical at
this time because it would require
"a capital outlay of at least $100,-
000,000 to equip gins with com-
presses. Nevertheless, he. believes,
this is an ultimate ideal condition
to which the cotton trade must look
forward.
MEETING OF
« ,S* * . V t ~ a •
THE COUNCIL
V i .'
* . i-
■ A,
SOME URGENT MATTERS LOOK-
ED AFTER AT SESSION
LAST EVENING.
SELECT PAVING COMMITTEE
* Gis*
-A:
Members Will Inspect Paving in
Other Cities—Rigger Water Mains
to (Jo Down—Library Lot is Ac-
cepted. t
Yesterday being a legal holiday,
the city council did not enter into
the regular call of business last
night but passed upon several rather
urgent matters and recessed until
Friday night to transact the other
business. At a recent meeting of
the citizens of Crockett street they
appointed a committee to go to
Dallas, Greenville and Paris to in-
vestigate paving for streets. The
request was made of the council
that it should also send a committee
with them. A motion prevailed that
the mayor appoint such committee.
Dan Dugan, chairman of the street
committee, J. B. Thomas and Jack
Blassingame, new councilmen, were
appointed. The committee are to go
to Dallas tomorrow according to
the plan.
The larger part of the aldermen
iiave already investigated paving in
these cities. However, these men-
tioned Iiave never gone as a commit-
tee. While in Dallas and Green-
ville the committee fro^i the coun-
cil will notice the street sweepers
used In those cities. Sherman must
have a new sweeper soon.
Mayor Wall will likely go to Dal-
las this week to take up the mat-
ter of getting the telephone and
telegraph companies in the city to
put in underground conduits on the
streets to be paved. The council
wants this work done now so that
the paving will not have to be torn
up In the future for that purpose.
The water mains on Walnut
A certain relief has been found
for stomach disorders. It digests
food, aids assimilation, prevents
stomach gas, relieves indigestion in-
stantly and cures dyspepsia. This
new remedy is called “Digestif”—
Brown’s little tablet easy to swallow
and absolutely harmless. It has
brought relief to thousands. Your
money back if it falls to relieve you. held In connection with the convea-
THF. MEN WHO SUCCEED,
as Heads of la've enterprise', are
men of treat crergy. Success, to-
day, dfiumrls health-. To ail is to
fail. Tft utter folly for a ntgn to
endure a \v?ek. run-down half
alive condition when Electric Bit-
ters will put him right on his feet
in short order. “Four bottle* did
me mors real good than any other
medcine I ever took,” writes ('has.
B. Allen, Sylvania, Ga. “After years
of suffering with rheumatism, liver
trouble, stomach disorders and de-
ranged kidneys, i am again, thanks
to Electric Bitters, sound and well.”
Try them. Only 50 cents at I.ank-
ford-iKeith Drug Co. d&w
_____—---
Master iw»kers in Session.
IiOul8vllle, Ky., Sept. *3.—The an-
nual eonventloh of the National As-
sociation of Master Bakers began In
Louisville today with a large and
representative attendance. The
principal features of the opening
session this morning were the ad-
dress of welcome by Mayor Head
and the response and annual ad-
dress by President George F. Clarke
of Jamestown, N. Y. A large exhi-
bition of bakery machinery is being
street, Crockett street, and West
Houston street are small, a majority
of which is only four inch. These
streets are likely to be paved and
the council thinks it advisable to
put in larger pipes before that time,
flight inch mains will be put in the
fire limits, and six inch along the
balance of the route. It will greatly
gid the water service. This work
will begin before long. The city
will advertise for bids in a few
days. At present It owes for some
pipe and will wait until the hill Is
paid before offering to buy any
more.
The council accepted the lot lately
selected by the citizens committee
as the site for the Carnegie Library,
^orner Walnut and Jones streets.
By public subscription sufficient
funds have been raised to pay for
the lot. The property is to be deeded
to the city.
The fire chief’s convention meets
In Denver, Colorado the 17tli of this
month. A motion carried to iiave
Ernest Arnoldi, chief, and Frank
Thrasher, chairman of the fire
committee, attend, their expenses to
be paid by the city. Last year Mr.
Arnoldi attended the convention and
learned a great deal about the dif-
ferent kinds of machines, etc., and
now that the city is in,the market
for mi auto fire engine it was
thought best that a councilman
should also see this great display of
fire fighting apparatus. ->
A petition has been presented to
the council asking that street car
service to the sanitarium he secur-
ed. The petition has a long list of
property ow ners in East Sherman as
signers. The petition was origin-
ally addressed to the Young Men’s
Business Association. This part of
Sherman is rapidly growing and a
car line would doubtless pay in con-
nection with the other lines through
tilts district. It would certainly bo
a great convenience.
Upon the recommendation of
Chief of Police McAfee the c«uncil
made Ji. 11. Sims a special police-
man without pay. Mr. Sims is night:
watchman at Kidd-Key college.
The council will at once begin
prosecution of property owners who
refuse to clear weeds from vacant
lots and property.
There are two instances in this
city where the ordinance relative to
the kind of buildings to he erected
in the fire limits has been violated,
it is charged. A few months ago
at Denison there was considerable
interest aroused on account of the
ordinance relative to the fire limits
being violated.
Again the water department of
the city and the Y. M. C. A. is in
a dispute relative to the payment of
ji water bill. The Y. M. C. A. owes
tor water since April, an amount of
about $300, according to the rate
that the city understands it was to
Have charged. The water was or-
dered to be cut off today unless the
bill was paid.
—60c.
mi
tion.
••-■aie-ek! -
Dallas Texaa
WE WOULDN'T BE SPENDING OUR GOOD MONEY
TELUNG YOU TIAT
Sherman Special Flour
IS GOOD FLOUR
If we didn’t have the goods to hack up
our Statement
Manufactured by
THE G. B. R. SMITH MILLING
• ♦ 8>8»t MIMM M»
• • --
THE BEST WATCH
EVER OFFERED FOR
High-grade 17-Jewel Movement, 20-Year Gold-filled OoM,
A GREAT HAVING if you contemplate buying
[ a watch.
Take Advantage of this offering. SEE OUR WINDOW.
SWmaw $> G\A\co\ Co.
W. S. Dckorman, Mgr., 108 N. Travla St.
COOKINS
IS A PLEASURE
WHEN YOU HAVE
A Gas Stove
Have One Put in Today
Distinction
COLD JEWELRY
>i|v> 7 ;
v
" / YU ;
Characterizes our display of FALL-
GOLD JEWELRY. V
' ’ t 5 \
The most beautiful, exquisite and;;
exclusive creations in precious
stones, gold jewelry, etc., the Val-
ues and quality of which are appar-
ent to the most skeptical, are no#
on display awaiting your woettiCrUl-
'cal inspection at this establishment.
Reliability a^ to value and style
is the keynote of dealing here—had
it adds nothing to the coBt. ‘
L. F. ELY & SONS
CANNED MILK
Columbia Milk, Cornell Milk
Pet Milk and Van Camp’s Milk
$r .J-J
They*re all good
HARDAWAY-MUSE
—
msM
w
ii
:
.' Jl
Good Piano for Sale..
We have a splendid new standard
upright piano hero that rather than
Ship back to Dallas, we will sell to
some one at a bargain and give'any
reasonable terms of payment. If you
have been Waiting tor a bargain this
Is your chance. Address Brook Mays
A Co., “The Reliable Plano House,”
fa fat Mts
V »80-Std-ltw
site
HAI'E YOU READ CLASSIFIED rAD.
■ Sffl
Tx
mMk
.
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Sherman Daily Democrat (Sherman, Tex.), Vol. 32, Ed. 1 Tuesday, September 3, 1912, newspaper, September 3, 1912; Sherman, Texas. (https://texashistory.unt.edu/ark:/67531/metapth719688/m1/3/: accessed July 4, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; .