The Lexington dispatch. [volume] (Lexington, South Carolina) 1870-1917, 1874-10-07
Planters be Warned -!
CORNERING ON COTTON.

The present banking system
concentrates nearly all the curren-
cy of.the country in the northeast
during the summer months, whence
it never begins to flow southwark,
until the cotton market opens.
Indeed, during the summer months
most Of the currency Is owned or
controlled by few millionalrs,
who through their strikers, are en-
abled to make a corner" upon any
staple OF the country for a certain
period OF time, after the marks tor
that staple oreas. 70 no other
cause, when all the phenomena OF
the money market are studied,
can be traced the stringency OF the
times, in the last few months IL
the South. The striugeacy has
been artificial. It has only pre-
paratory step to a corner upon
cotton, whose damaging effects are
intended to fall with crushing
weight upon the cotton planting
section; especially that part OF it
where the planters are in debt to
the merchants for supplies.
What care the conspirators, who
concoct s'a corner on cotton, II
they can only buy the cotton THAI
is forced upon the market during
the first two months OF the season,
at from one to two cents pei
pound less than it is worth, if ev-
cry white man in the South is
stinted for bread or absolutely
bankrupt, and the poor negroes
who cultivate the plantations, are
driven to starvation? Can they
not afford to publish sensational
accounts of outrages upon e
man and brother" to exercise the
fanatacism of the North, and plum
der to the avaricious greed Of their
emissc ries, the carpet-baggers OF
the South, by freely distributing
largessees and brides amons-the
freedmen to secure the intrusion
of themselves and everything per-
tanning to them as 'wards OF the
nation" upon public attention, to
the exclusion of any possible or
reasonable discussion Of the pre-
negatives of the golden circleYthat
sit III secret conclave in the great
commercial centers, and utteSthei'
DEGREES, and concoct their plans
whereby, through the uniform,
limited and inexpansible currency
of the national banks, they are ell
abled to grab the profits Of the la
Dor of the wealth producers all to
their own use.
1t does not require the ken Of a
Solomon to predict, that the early
market of cotton during Tins sea-
son. will be successfully bearded
by the money kings of New York
who are determined to make cor
ner of it.
That they can succeed in doing
SO despite all forewarningss OF the
press, is not in the least doubtful
For their success, they will be IN
debted to the great body: Of the
cotton planters who do not raise
their own supplies, who >are in
debt for what of supplies they
have already consumed, and can
not now feed the numerous mouths
of their families and dependents
without selling their cotton at
whatever price it will bring Ill the
early market which the money
kings have already ''cornered.
As soon as these hungry and I'M,
pecunious planters shall have paid
their indebtedness and bonght suf,
6cient of supplies to keep then
bodies and souls together, the
"corner" necessarily falls down,
for its two sides are the impecuni-
osity and hunger OF these very I'M
provident planters OF whom we
speak. $s4 p
The moral and common sense
suggestion of this dep!orahle state
of facts, is that it is suicidal on
the part of The cotton raiser to
forego tie duty OF fproducing upon
his farm at any cost Of diminished
prodnc' ion of the great staple, the
articles of food necessary to feed
himself and his people. In no w"y
can he evade the crushing power
Of the money kings whenever they
catch him hungry and naked and
impecunioas, unless he raises bis
food supply at home. So long as
he staltiiics himself by pursuing
the suicidal policy we earnestly
deprecate, the, money kings and
corner" conspirators will continue
to utilize the ignorance OF the
colored voters by furnishing their
carpet-bag emissalies with money
enough to keep the passions OF the
whites and negroes famed to fe-
yer heat, and upon the very verge
of such an ebulition as may pro-
duce an explosion, from the effects
of which, the two races may not
recover in the life time OF a gene
ation.-GrpenriNe Nc,rS.
A CALL FOR Federal TRooPs-
II