Mh ie 
i A 
= ee Oe eee ae 
COTTON WAREHOUSES. 19 
so the estimate for the warehouses belonging to cotton mills might 
be increased greatly without danger of making it too great. In the 
column headed ‘‘Combined storage capacity for State” is shown the 
total of both the public and private warehouses and cotton-mill 
warehouses. ‘ 
STORAGE CAPACITY COMPARED WITH PRODUCTION. 
The next column (Table VID) shows the 1913 production of each 
of the States. It will be seen that the storage capacity of all the 
warehouses is greater than the production. In addition to making 
conservative estimates in every case, the lst does not include ware- 
houses in St. Louis, Evansville, and the storage houses belonging to 
the cotton mills in Missouri. Cotton is moving to eastern ports con- 
stantly and being exported, and extensive warehouses belonging to 
the cotton mills in New England are used, all of which tends to 
increase the availablestorage space. Further, efforts have been made 
to exclude compress sheds and terminal sheds belonging to railroads 
and other transportation companies, so in presenting this estimate it 
is believed that it is too low throughout rather than too high in any 
instance. 
INSURANCE RATES AND COST OF BUILDINGS. 
DISCUSSION OF TYPES. 
Table VIII (p. 20) gives important data relating to the different 
types of warehouses now in use. It is particularly interesting to 
notice the difference in the cost of constructing the same type of 
warehouse in different States. A comparison of cost and insurance 
rates of different types in the same State is also interesting. For 
example, the ordinary brick warehouse costs more than a standard 
warehouse with board ends and fire walls, and at the same time pays 
a much higher insurance rate. Further, it is shown that those ware- 
houses that are equipped with automatic sprinklers (Table IX) have 
cost very little more than the others; yet they have a very much 
lower insurance rate. The automatic sprinkler is costly, but the 
reduction of insurance rates helps to offset the additional cost of 
installation. The data in the tables show clearly that it is best to 
construct standard warehouses and equip them with automatic 
sprinklers. This unquestionably will effect a great saving. In 
Georgia and North Carolina the insurance rate is reduced about 80 
per cent by the use of sprinklers. It is decidedly imteresting to 
notice the lower cost of construction and the lower insurance rate 
on the warehouses belonging to the cotton mills in each of the States 
(Table X). From this it may be concluded that a great saving 
could be effected by the erection and proper equipment of modern 
warehouses conforming to the standards promulgated and recom- 
mended by the underwriters associations. 
