The Mississippi Creole. [volume] (Canton, Miss.) 1841-1851, 1842-01-08
CANTON, MISSISSIPPI SATURDAY, JANUARY ;. lsas.

And why should we? What has produ-
ced Tbs state Of Things? Let US examine.
Last spring a combination was formed
by some gentlemen of this city, New
York, Louisville and Lexington, TO put
the prices of bagging and rope up by
monopollzing these articles to some ex-
tent. Now the fortunes of these men are
made, if they can produce the impression
that we were going to have very large
crop Of cotton, and thereby force the
planter to purchase these articles at high
rates. To secure this impression, the
press was broUghtinto service. In seve-
raj ofthe New York papers during the
last spring after this combination had
been formed, and particularly in Ben
nets Herald, numerous remarks, both
editorial and otherwise, appeared, all
tending TO produce the impression that
we should have large crop of cotton
PlOduOSd III LuG OHItCu CldICS. 4 ueSG
statements were artfully modest at first,
but about the beginning of summer we
were told that the cotton crop would ex-
coed IN amount that of the great year OF
1889 by 100000 bales! 1t will be re-
membered in that year we produced
100000 bales, but that was to De sur
passed this year 1841) by 100000, aud
thus producing the enormous crop of two
and half millions Of bales!!
This statementmade by that paper and
others, and repeated week after week,
crosses the Atlantic, and destroys or pa
ralyzes the cotton market there-ihus
accomplishing the two-lold purpose Of
prostratng the planting interest abroad
and extortion al home. Il was also sta
ted that hemp was exceeding scarce II
Kentucky and Missouri; if the planter.
therefore can be made to believe there
were going to be two and half million:
of bales produced, they would be forced
into competition with each other in the
purchase Of bagging and rope, and thu!
that article be forced by that necessity
upon them at exhorbitant rates. Wills
on the other hand, our French and Eng
lish consumers said, if we are going t,
have this enormous crop from the Unite,
States on our back, prices must com,
down one-half;-we will not buy a bal,
more now CAST summer and fall) thar
we are forced to do, to keep our factorie
running, &c. This state of things, tn,
natural result of such publications, wa
attempted to be arrested, by saying tina
the publication ofthe Herald and othe
kindred prints Of New York were toe ia
removed from the South for any grea
reliance to be placed in lhem-they wer
too far removed to know much about il
but we will see what the Southern paper
themselves shall say. And what did yo
say, gentlemen Southern Editors? LIE
your columns pronounce for you. | d
not intend to take up one paper, wher,
all have sinned alike, as our worth,
Governor has some Of our Banks, an
hold up singly to public view the content
Of your columns. No, it sufficient 70
my purpose to know, that from the Me-
chants Price Current sheet, through tn
columns of euery paper. paragraphs ed
], torial and otherwise are TO be found, or,
5 ating the impression that we should hav
a heavy crop--an unusually heavy Gro;
: This follows BENEFITS statement aero:
t the Atlantic, and confirms il, and the e
feet has been, that although the crop
: cotton then on sale, was 100000 bal,
short Of the crop of even 1887, yet ii
a price was depressed near so per cen
d lower than that of that year. But til
! is not all. Notwithstanding the crop
the past season was a short one, yet
n surplus Of 100000 bales were left
d hand unsold at the end ofthe year, al
o. all resulting from your insensate and i
e dated exaggerations of the cotton or,
+ made last spring, summer and fab.
d You Rad contributed by your column
S TO confirm the statement Of the Heral
! that we should produce two and a hs
e millions Of bales and now The plante
" have TO enter the market with she
e crop and low prices, and still told, th
,r their article must go lower still, and tt
y the result pretty much of the doings