Plans have been drawn for a bonded warehouse for Elizabeth City to cost $50,000 to $60,000, work upon which is to be started early this spring. The building to be of fireproof or semi-fireproof construction, will be located on East Burgess St. between Poindexter and Water streets. The promoter and head of the project is S.B. Parsons, of G.W. Parsons & Son. With such a warehouse in mid Mr. Parsons recently acquired the property on Water and Burgess streets adjoining the present quarters of G.W. Parsons & Son. The property already acquired takes in the old stand of the Coca Cola Bottling Co. and the residence property on the corner of Water and Burgess streets. More recently Mr. Parsons has recured options on the adjoining Burgess St. property now occupied by the residence of Mrs. J.P. Barnard and the adjoining dwelling occupied by T.W. Williams. The actual transfer of one or both of these properties may be made at an early date.
This is no wildcat scheme of Bert Parsons. He is about to do what local capital should have done here years ago. Elizabeth City, the trading center of 10 agricultural counties in Northeastern North Carolina, has no bonded warehouses and goes to Norfolk, Va., for its cotton market. Bert Parsons is going to make Elizabeth City a cotton market. He will have an expert grader to grade and tag every bale of cotton stored in his proposed warehouse and receipts will be issued to the owners of the cotton, showing the grade on storage.
Cotton is only one of the commodities for which storage will be provided. There will be a warehouse for peas and soy beans and a warehouse for potatoes. Weekly stock lists of the commodities on storage will be sent to buyers throughout the country, thereby locating buyers for stuff on storage.
Other storage rooms will be provided for butter, lard, sugar, etc., so that out-of-town manufacturers and jobbers doing business in Elizabeth City may ship their goods in car load lots to this city and store them here, filling local orders from stocks thus stored in this city.
Mr. Parsons has canvassed the field thoroly within the past 12 months and already has assurances of more business than the proposed warehouse can handle. Hyde County alone, now doing very little business thru this city, promises to ship enough cotton here to take all of the storage space called for by the present plans.
The location of the proposed warehouse is ideal for the purpose. It faces the Norfolk Southern R.R. freight yards and is within 150 feet of the river wharves.
From the front page of The Independent, Elizabeth City, N.C., Jan. 27, 1922
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