The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1872-08-01

The Cotton Crop OF Is72..--The
Dishonest aHtemP1 Of Inter.
ested Parties 90 put
down Prices.
Parties interested in putting down the
price of cotton in time for speculation
when the new crop is put on the market
this fall, are succeeding finely. Within
the past few weeks they have run down
the price three or four cents per pound,
and there is no telling to what point it
will be carried before the fall market
opens.
This end is being accomplished by
systematic Misrepresentation 1--WE ought
to use stronger word In a recent
number of a New York paper (the
World a statement was deliberately put
forth that the growing crop would I'M
doubtedly reach five millions of bales,
eleven hundred thousand in excess of
the yield of 1870! And nearly double
that of 1871 OF course this estimate
was manufactured in the interest of the
specializing Ring; and we have cited it
as an example of the INSCRIPTIONS game
which they are playing for the robbery of
the toiling producers of our chief staple.
Statements of this kind are so palpa-
bly, preposterous to even the worst in
formed people here in the cotton growing
region, that it seems to be a waste of
words to refute them. But they have
their effect abroad; and the misfortune
is that truth never overtakes falsehood
until the latter has performed no little
of its errand of mischief.
In regard to the cotton crop of the
present year, the following facts are to be
taken as basis of calculation in arriving
at a correct conclusion.
1st. The acreage is II per cent. less
than in 1870, when the yield-in round
numbers was $500, 900 bales.
I'd. The present season has not been
averagely favorable. The spring was
late, and excessive rains were followed
by long drouth The bulk of the crop
is late therefore; and short one unless
tho frost is unusually backward, will be
the inevitable consequence.
Superadded to these insuperable obsta-
cles to the conclusion that the yield will
be large, are the injuries to which the
crop is yet liable From all the cotton
region wall of anguish is rising over
the destruction occasioned by the heavy
rains. More than a million acres of the
best bottom lands have been submerged
in Alabama. Our exchanges from that
State report that since the freshet COM
menced, the planters have reduced their
estimates one-half below previous antici-
pations and from every quarter, reports
are made Of the appearance of the cater
pillar and boil worm, the most deadly of
all the destroying enemies of the staple.
With actually occurred facts like the
foregoing, and the possibilities of dam
age before the crop is yet gathered-it
will be seen how unfounded are the esti-
mates ON which the market is being press
ed down by the dishonest representations
of interested parties. The crop of 1871
has probably reached 100000 bales.
No intelligent person who will take the
data of the growing crop of 1872, and
weight the probabilities of the yield
fairly, will reach the conclusion that it
will exceed three millions Of bales.
As an evidence of the way in which
the Grant organs are striving to manu-
facture capital for their party, the Chi
cago Tribune states that they are
are making much ado by the fact that
Sin 1923 Mr.. Greeley proposed that
''slave-owners should be offered $780,
1000, 900 to emancipate their slaves and
return to the Union" The Tribune
argues that there was no treason" in
that, inasmuch as it looked to emancipa-
ton and union which were the objects of
the war; and it adds that the North af-
forwards obtained them ''by a war, at a
''cost ten times what Mr.. Greeley pro-
''posed." The Tribune might have
strengthened its argument by citing that
the plan of compensation for the slaves
was a scheme of Mr.. Lincoln. His
original scheme, however, was to ''save
the Union" by guaranteeing to the
''rebels" perpetual ownership of their
slaves on condition of their returning
to their allegiance.