Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-03-28

Our c0Jsmp0rsriss are already Epecu-
Iating upon the next cotton crop. A
Texas correspondent of the Louisville
g0ufer-J0UraUl says Ia consequence Of
he prevailing low price, cotton viii be a
aee8ndarV crop this year, and more than
a Br5porti0uate increase viii be made Of
the cereal and other products, as prices
rule high with sDme promise Of such be-
ing the case mex season; not, however,
in ousequen Of a short crop, but on &C
count OF an extraordinary demand from
the heavy immigration that has come in,
and many laburer5 imported aud At work
upon the various railroads and other inn
movements throughout the State. Farm
srs are now sl busy blowing and pitch
ing their crops.
The Mobile Daifv Register, Of Saturday
last. in it's review Of the cotton market,
remarks a. follows: Accounts from
the country report planting very
backward, both cotton and corn. We re-
grst to hear that planters have not yet
learned from experiences of the past sea-
son, the great mistake Of putting too
much OF their and in cotton. Another
crop equal 10 the present one would force
prices down TO eight and ten cents for
Middiing, and bankrupt the South. The
New York Commercial List says It Is
said that the present price Of cotton is not
rsmuueratiVe 20 the American planter,
ana that the area to be devoted to the sta
pie this season viii be considerably re- I
ducsd. At present prices the returns 70
the planter, over and above the outlay, |
are small, and may limit TO some extent, !
ths production, but this, we think, will
prove but q temporary incident. The cot
ton interest Is in process of ~reorganiZa-
ton on the basis Of free labor. When
that process has been completed, and the
reforms of taxation and the currency
Carried out, we believe the cotton
in amaa RaMHnnamaHun
supremacy greater than ever before"
irhe New Orleans PicIyane says
the following among other causes will
Dpsrats to increase the production OF cot
f6n. The evsusm Of partnership between
aha landowner and the laborer has tended
20 promote an exclusive staple culture.
The owner Of q farm leases II Win us
stock 70 the freedmen Tor q certain snare
of the crop-gensrally one-heu or one
1hird-ths latter furnishing their own
food and clothing. Fully tWo-thlrds OF
the plantations are now worked IN TINS
wav. 1t is evident that this system places
the question Of production entirely m the
hands Of the labOrsr, who is incapable Of
solving the great question Of future sup
ply and demand, and who, therefore, cnl-
tatives what is prima facie the most profit
able crOp-that d., cotton. He Is not ca
Dabis of fathOming the questions Of agri-
cultural economy, and Yet he determines
the extent Of the crop, If the owner gets
half the product OF his plantation he is
satisfied. even il prices be low. He can
sen his land for q fair price,
and II he gets only 3 moderate per cent,
interest noon its nominal value, il Is 9
yood ineoms. If thors Is 8 loss il falls
anon the labOrsr. The freedmen this
season have borne nearly all the losses
and the landlords are in a better condl-
ton than generally believed. Let US sup
Uose the case Of a planter owning lOOJ
aces of land, which j. leased in this man
usr. Out Of q crop OF say go bales, he
gets 200. which, st S45 per bale, net him
SIL.25O. a very good interest on the NOM
ma value Of his farm, S50,O 600. The sew
sntv or eighty laborers that have been
Ieft Ia manage the whole business, how
49, gst only Sl60 20 $40 each. They
nave only $50 or $50 left after paying for
their food and clothing, 70 compensate
them for their years labor. i is evident
that ii this system be pursued land it Is
more generally thaa eFe this year. the
landlord viii receive 3 fair compensation
even when cotton il worth 9 or loc per
pound.