Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-06-16
HIGnER PRICES FOR COTTON

la another In =, we polish the report on the
English cotton market gwen in the valuable
circular Of NJ ss-s. Smith, Edwards Il Co , Of
Liverpool, for which Y e are obliged to the
publishers. / contains Intelligence Of great
interest TO cur cotton groves, and deserves
their c,ola a,,eat5n. Readers OF the AP
PEAL well know = q, it Columns have always
opposed the falls p,llc that advised dim-
mutton of tn amount of cotton grown, on the
plea that as much money could be got for a
half crop ss fer full GRO. We have again
and aga n ,h)En hli to raise prices by such
means vas & p y INTO the hands Of India,
Brazil, and other IVA growers, whereas, by
supplying the worli's markets ourselves, we
should have the Whole cotton trade OF the
world in our hands. orr advice to>planters
has therefore e. -Ife { our corn, hogs, and
other hom2 supple, o they must not be
bough-, bat raised on tie farm-then grow
every fiber Of cotton you can produce. This
advice means, 2 ow all the cotton you can
that il will Jay you % grow, and, IN tie
way we Tont GU, his is growing
all the cotton you have the power
to grow, 'o- L IS TO be noticed
tat no less cotton IS grown because home
upplies are as9d, tLey ar. always the pro
duce of extra Dor. Wher, home supplies
are grown there S always the means of en-
ploying TIE eltrl Id & required, for the pro
duce tina. ,ab " aiseI pay an over-pays the
labor emplo.ed & a'se l.. Tnat we have
been correct in this We Of the case is amply
proved Jy tie ere Ila- from Liverpool, in
which the LIVER, COL merchant says that a
cotton fsmiue threa en- them; no such search
ty hai Leel .elt nee O. wa, and cousi l.
cradle ad zane : irJJabla unless the con-
Sumption IS .oJcb,y sep down. India Is
falling eft in Ter supply OF cotton to the
English maxi, md, = is su5pec.ei. for n
deeper re son than Is appayen. on the sur
face. Wllt is tia Iea on? The Liverpool
merchsnt gay, in tie circu'ar we pu5'sh:
ct seem, 70 US tina. jus as he high prices
dlrInz the Am r.ca war, AMI for some years
a1larwA-l, stimulates the growth in India
immensely, the return b thu scale Of
prices that ruled before the war IS
steadily pulling dozen tn production, tall
most o. ihs sur Ia Is now swept away.
Tn, u7Tl aou b AZ a the other subor-
dinate clun.ns has a,sl dwiniled in the
most gs- nj him way, AMI tre are leJt de
pendent UpOI line -ic1 arlT a much as be-
fore the American wor." Here We have the
clear proof os y,hat constitutes cur true cot
ton polio, which Is to grow every fbet Of
cotton that w can grow groitab!y-that is.
that We can grow ate, having provided for
raising our home supplies. Had We grown
short cro.s 0i late years, as short-sighted
people have again. and again advised, we
should never have reduced the Indian, Bra
lillian and other crops to their present limits.
With the situation such as Smith, Edwards a
Co.'S circular shows it to be, and with peace
restored in Europe, our cotton growers who
raise their own bread and meat can look 10
the future with confidence. The circular says
that a crop o. FIVE million bales year Is
wanted in this country to supply the
worlds wants. We have land enough,
and If the cotton IS wanted It can be
produced. Our farmer VIII find 1t better to
mediate on tnesc facts, put his shoulder to
the wheel. and work 80 IS to be ready for the
call that is making upon him, than to Rrowl
about taxes and mouth over bad times. The
condition Of the European cotton trade shows
that, If peace be restored, the hard times are
over for the prudent and industrious cotton
grower. They who are neither prudent nor
.