New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-29
ae1v orleans 8ep1tbleatr,
@sF,ciAL JOURNAL OF THE UNITED STATES
qggr,cfGL JOURNAL or NEW ORLEANS
The Cotton Trade,

we CODY this from the St. Louis Dem
REa4;
ezally eularging Is unaouoteNiy rue rue anu
$50 Il promises to become one Of the Lead
Sr@ features in St. Louis commerce in the
5-17nrr ia euua!Iy assured. This statement
e,med cause no uncasines5 in New Orleans
$50 !. l. not coupled with any insinuatlon
1Aa1 this increase in our cotton traffic Ii to
49, al the expense of the New Orleans trade
N. fhat STAPLE New Orleans will always
command an enormous cotton trade. Her
stoeftipn, and the fact that this trade ts the
ggzevyy marrow Of her system, fully insure her
oglgprenacy in il against all competition.
sefvithstanding this, st. Louis will gain
e4eaduy and quite rapidly. There are
..anses at work which will, in measure,
T,r0S!uce revolution in tho business OF
craving cotton. In the old slave driving
da,yg the Southern planter seemed to meas
ere his Importance solely by the size vi hls
plantation and the number Of bic negroes
Ills ambition, therefore, was to increase
hath rs rapidly as possible, and TO ibis emu
Gsyary dollar he could get waS devoted, IeaV-
ing him nothing to make his crop on put his
credit at the bank or with bis cotton factors
e9z New Orleans.
AZ the beginning Of every planting season
ss6s, ntanters were borrowers OF money IN
GSny,s RANGING from $1,000 to $50 90. Many
Sg fheu we're careful and successful and
their relations with their factors were .nu-
4szsIlv advantageous to the close, but disaS-
sagus losses to the factor and ruin to the
REsDter not unfrequently resulted. The re-
GwIas of the war upset the slave labor sys.
Gem, and 80 Impoverished the planters that
sa1ey were compelled to sell off large pOr-
sto1s of their lands. Thus many of these
avergrown estates were broken up into
EqruIa and the purchasers Of them proceeded
gsr grow their crops without aseiB anCe, just
Or The Northern farmer grows his crops.
What would be replied to an Iowa farmer
yHho should ask his oOmmsslon merchant
acre to advance him $1,000 10 $1O,OOO 10
cake his corn crop on 2 Yet he might ask 1t
with the same prOpriety a. the Southern
REanter asks for money 10 carry him through
@ planting season.
Wlth each expiring year the subdivision
6s the plantations III the South goes for
sgRVd. Here planter leases 81 his hands;
Sllere q Northern farmer comes n and pur-
C5aases Il slnlIl lot Of land ami grows few
bales, and thus the business Of grOwiDg
eso1ton il passing into new hands. Right
here is the hope of st. Louis Small COTTON
dgrrns are being opened all through North
Ora Texas and through PORTIONS OF Arkansas
and Tennessee, which, in few months
cTzorc, will be traversed By 81. Louis rail
reads These small planters know nothing
GG New Orleans. lnty nave no money al
raacas from there. They make their cot
9On ciop on their own resources, and. when
10 il made will push it to st. Louis to sell
DOR cash We have now direct rail commu-
8ieation with Dennison, Texas, and, ut
latest accounts from tllBt new city, some
GOO to 100 wagons were approaching it
Soaded with cotton to be shipped e. this
city.
II .xas is experiencing % heavy influx of
dnnufigrants, and the lines Of railroad now
Suildlng and projecting are the chief points
of attraction Thousands OF these lmml-
grants will become cotton growers, and be-
Gause st. Louis is more active in her search
Cor trade than New Orleans, she will secure
Sho products of most Of these new farms,
@Md that. too, without entering into any Of
che perilous financial engagements With
Ghem which she would be compelled to
@uake with the old-fashioned planter of the
giver cotton States in competing with New
Orleans for their trade. Our cotton firms
Gully realize this fact, aud many of them
ere letting all this class of their customers
go, and are vigorously drumming the next
districts for this more secure and better
Frade- Thus it will happen that both New
Orleans and st. Louis will experience
Cargo augmentation Of their eOttOn business
GRuriug the coming decade, and both cities
gty probably be thoroughly satisfied