The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1875-10-09

deliver cotton in November for l2l to III
cents per pound. Last year We made up
wards OF four million bales Of cotton, and
yet the people cannot consume all the
goods made. Matters will not be bettered
much by the present crop,
We are better off to-day than the
North. They have their paupers and
their people out OF work, and must pro-
vide for them. We are an agricultural
people and produce, by which, il man
has any thing made he can sell it. II he
has it there is a market price for it.
Such people are always safe, but those
who cannot make and hence have moth
ing to sell, must suffer. They must
steal, commit crime, or be provided for
by public charity. We have produced
that which is staple, and there Is plenty
Of money to buy it, and We will sell and
profit by our industry. Our prosperity
Is measured only by our industry, This
you may rely upon as an axiom to the
Southern people.
Our COndition'is in every way prOmis-
ing. We are far better off than the
Northern people, all things considered.
Our Georgia seven per cent. bonds are
commanding par in New York to-day.
We owe less money than almost any
other set Of people in the Union, and
made our crops this year with fifty per
cent. less money than in any year since
the war. What We want to do is to sim.
ply pratice economy, husband our re-
sources and develop our industries. |
don't think the South has anything to fear
from the prOstration and panics in the
North; we'll sell all We prodnce, whether
at high or low prices makes little matter,
for we'll buy what we need at proportion.
ately high or low figures.
Apropos to the above statement, We
have been shown a letter from a gentle.
man in Memphis to an establishment in
Wheeling, which reads US follows, The
letter is dated on the 3d
As yet trade in this section has not
fairly opened, although business in every
department has materially improved dur.
Ing the last month. Throughout the en-.
tire South, so far rs | can learn, the
laboring classes have been prostraled by
chills and fever, and the gathering Of the
cotton has consequently been materially
interrupted. Our receipts Of cotton have
been very light as yet, and hence the liqui-
daliOn Of debts, 30 far, has been triiling.
Until the cotton crop is gathered in suiR-
cient quantities to pay Oft old liabilities
We can not expect to see very active
trade, "a all prudent merchants are striy.
ing to collect what Is already long past
due before they contract new liabilities.
Moreover, the price OF cotton, which You
see Is tending downward daily; induces
all conservative men to exercise great
caution in assuming new obligations; and
while the crop will be large, it is Ques.
tiOnabc whether, ut the present low
price, it will relieve the country Of past
Indebtedness.
The present political condition Of Mis-.
sissippi is also Interfering very material
ly with the trade OF this city, and until
the elections are over We can expect
nothing from that State. think We may
expect healthy trade here, but not a
large one, unless the price Of cotton ad.
vances and becomes more rcmuncratiYe
to the producer. At the present figures
for cotton the farmer may pay the cX-
penses Of producing 1t, but lie certainly
will have but little surplus.