The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1874-10-10

There is no closs of producers in tho
world who are as much the sport OF
circumstances as the cotton raisers of
the south. While the article they con-
tribute to commerce is demanded by
the necessities of all the civilized and
semi-civilized peoples on the globe, the
market value of that article is deternl-
ined by n hundred circumstances that
legitimately should have no effect i'll
fixing it. The reason of this is that
cotton in the raw, and in all its manu-
factured forms, is the great article of
speculation for the commercial world,
by the handling of which thousands
who toll not, dress themselves in pur-
pie and fine linen and fare stmptnons-
ly every day. When it leaves the
wagon of the producer it goes into the
hands of the speculatOr, and from
speculator TO speculatnr it passes until
it returns to the farmer in the shape Of
calico, homcspun, and the thousand
and one commodities into the manu-
facturc of which cotton enters.
These reflections are occasioned by
noticing in some of our exchanges that
few days ago meeting of the prom
inent manufacturers OF New England
was held in order to devise ways and
means for gathering heavier tribute
from the agricultural states of the
south and west. This, of course, was
not the avowed object of the meeting;
but such was its practical result. The
action agreed upon at this meeting
was that, as the price of their goods
was not sufficiently yremunerative, they
would the price 10y reducing the
products of their mills. Ii is evident
that the effect of this must hc two fold.
First, to reduce the demand for the new
material TO spin NJ and, to that extent,
to operate 70 reduce the price Of cotton;
and, in the second place, to put up tie
price of manufactured articles 10y less
ening the quantity manufactured.
Tim, by concert of action among the
manufacturers OF England the farmers
of Texas are compelled both to sell
what they have TO sell at "A lower price
and to pay for what they have to buy a
higher price. And there is no imme.
date help for it. They are pOwerlcss
to prevent themselves from being
ground between this upper and neither
milestone.
While we say that theIe is no iBlne-
didte help for this anomalous condi-
ton of affairs, there is a remedy, and
If the south wishes ever to cease being
a newer of wood and drawer of water
for those whose chiefest pleasure it is
to despitefully use her, she must bend
all her energies TO availing herself of
that remedy. The only way in which
we can ever release ourselves from this
thraldom TO New England is by the
establishing of manufactures in our
own country, So that the producer can
deal with the manufacturer. There is
no good reason why every water course
iu Texas should not be musical with
the hum of spindles, engaged in manu-
featuring the fieecy product of her
fields. A concerted movement on the
part of the southern people to employ
their surplus capital in the erection of
cotton factories would bring the nabobs
of New England to our feet. They
would see their wealth and their as
cendancy in the government
vanishing, and would make
any terms that would cause US to desist
from the movement Boston and
Lowell would cheerfully agree to re-