The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1875-04-01
COLUMBIA, S. c..
Thursday Morning, April /, ls7Hs

Thursday Morning, April l, ls7ns
Cotton Planters choussd Out Of Millions
OF Dollars. y
A gentleman connected with Diver
pool cotton house has published state-
ment to the effect that the "cotton arti-
cles" in certain Georgia newspapers, and
the "estimates" Of the Financial Chronicle,
of New York, during the last season, had
cost the Southern planters at least S1O,-
600, 600 on the last crop. These publica-
tions had played into the hands Of the
cotton Spectators in New York and
Liverpool, and forced the market down,
to the injury of the producers. They
had strengthened the hands Of the
"oears, Dy producing an impression OF
the amount of th0crop favorable to their
operations. The bulk of planters are
under the necessity Of selling AT the
time when these calculations take hurt
full and injurious effect on the market,
and from lack of concert and Of COM
plete understanding of the game, they
are powerless to resist it. The prac-
tice has been to magnify the crop. By
fictitious and exaggerated estimates it is
run up, and the holders become uneasy
and sell, fearful that it may decline even
more. The crop thus urged forward
falls into the hands of those who are be-
hind the scenes, and when the advance
comes they, and not the planters, get the
benefit of it. Upon this subject. we find
some timely observations in the Now
York Evening Post 1t says, that un-
fortunately for the agricultural interests
of the Southern States, they have sold of
the last crop nearly 5000, 600 of bales to
English manufacturers at I'D, (l5 cents, }
or about two cents less in the pound than
thought to have fetched. The remainder
of the crop yet to be sold will probably
bring 3D.. But this will not make
amends for the loss on what has been
sold below its value. The Post estimates
this loss, reckoning it at cents pound,
or 50 to the bale, at s27, 600, 900, and
justly characterizes it national Gala
nifty" By comparison of the receipts at
the shipping ports for the first four
months Of the years 1901, 1884 and
1874-75, it demonstrates that excessive
supplies of the marketable article carly
in the season furnish no just ground for
believing the total crop will be large.
The crop of 1901 was 4, 353, 900 bales.
and the receipts from the beginning Of
September to the end of December, were
only l, ,499, 900 bales. Alarger proportion
of the next crop. which was nearly 200, 900
bales less, was received within the same
time. And still larger amount q, ,9s7,-
OO0) Of the present crop. which will not
reach 1000, 900, was delivered at the
ports within that period. The receipts
for January and February tell more
correct tale, and show falling off of
$50, 900 bales, Is compared with the same
months. in 1901. The crop is ap-
preaching exhaustion, and the proof is
accommodating that prices were too low,
and the supply too large in the fall
months. This is grievous wrong, for
which, there ought in the future to be
provided nm adequate remedy. It is bad
enough for the planters to be devoted ex-
clusively, heart and SOUL to crop which
is exhaustive of a whole years labor,
which appears inconsistent with improve
ments and comforts, which will let no
capital loose to be applied to manufac-
lures or anything else, and which is not
sufficiently remunerative at or even Sd.
The intelligence of this great interest
ought to woke up, and not allow itself to
be cheated or choused out of it's just
dues. 1t should be put on guard against
calculations, estimates, and all other
forms Of misrepresentation or pervcrsion
of facts. 1t will be poor comfort to wit
ness the advance Of price which is now
likely to take place. It will go mostly
into the pockets Of our English customers
and the spectators, and not, as the Posi-
says, 'into the depleted purses of the
cotton planters Of this country, where it
justly belongs"
Views OF an Accomplished Liberal Re.
publican on the Coming Campaign.
The views of a gentleman Of the cul-