The People's vindicator. [volume] (Natchitoches, La.) 1874-1883, 1879-05-31
GOLD NED" RICHARDSON.
A Man WhO Has Nineteen Plantations
and Grows 10000 Bales Annually
What He Thinks Of The Exc.
dus, the Convention and
the Remedies Proposed.
Chicago Tribnne.)

lStI 0tOr. u b OU0JUcSS. ANU VI SU~
ing 10 he my own administrator.
That's the reason I've built my grave
stone for $1,000 cash before die"
The speaker was Edward Richard
son, Of jackson, Miss, the most &C.
tive aud influential business mao 10
Mississippi, il not in the South. He
unused moment, and continued with
a chuckle:
ibid We ever hear what Tom Young
said about my gravestone! Tom had
taken an extra toddy, and be looked
at MY statue-I have a life. size statue
on the top Of my gravestone-and lie
ssid. eaid Tom, There's old Ned
Richardson, by heaven, with ono eye
IN the penitentiary aud the other on
the CAPITOL"
Old Ned Richardson 10 constantly
after convict labor, and he 10 reputed
I" l,~ the proprietor II tho Lsgisla.
,ar~ when h~ wants to be, and HE
statue faces thu capitol and the peni.
Tertiary, IA T"m Young said it did.
NJ. Richardson lives 10 jackson,
hut he has property interests al over
the State. He "wns nineteen planta.
,i"ns in the marvellously rich river
country above Vicksburg, including
parts If Washington and 1ssaquena
counties and the Yasoo districts. He
has 1900 acres under cultivation
$4,000 If them IN cotton. He rsiaes
above 10000 bales or IS, 900, 900
pounds Of cotton annually. He has
1000 acres in corn aud OATS. for the
support Of his stock aod bis people.
And get he has not land enough.
Whenever a planter il hard-up and
wants to cell his place for cash, he APP
plies first to old Ned Richardson,
knowing that from him be will get =
cash cifer, though low Quo. I heard
Mr.. Richardson offer the owner Of .
plantation $1,000 cash for land which
Tho latter valued at $4,000; and,
though tho offer vac at first refused,
was under tho impression that it
would ultimately be accepted. Nor
10 Mr.. Richardson's distinction deriv-
ed only OF solely from biz plantations.
He controls tho cotton market to .
higher degree than any other living
man. He IL
TIRE GOLD HUTCH" or NEW ORLEANS.
! Whan he takes anu6 al the other
brokers sneeze. Az member Of the
first firm in point Of volume Of busi-
ness, lie receives and disposes Of more
than lOO, 1000 bales Of cotton annually.
He is the heaviest exporter. He has
constantly the largest supplies on
hand. For instance, whom cotton
sold, SOM after the crop WAS market.
ell, for eight cents aud a fraction, he
kept hack tho bulk of his crop. He
has cold most Of it since February.
Last week he let . lot 60 for eleven
and twelve cents. He has still llO0
hal~s back, on which he eypects ia
realize over thirteen cents, % cotton
10 advancing. "If I hadn't waited,
said Mr.. Richardson, ~ would have
quit loser on the year. But I'll make
Z little something on lsst years crop,
and, il the indications for this yeaI
don't fail, OF this exodus don't break
thugs, l ought to clear $4,000 "a
100000 on THE year." Mr.. Richard
son was not boast,ng. These state.
meuts were pried out Of him BY ques'
tions 90 other points. HE shrewd'
neee % . cotton dealer 10 evidenced
uorsover, BY tho fact that while hl
10 selling q the highest price ha
bought at tho lowest. AZ chief own
or Of p
THE COTTON AND WOODEN MILLS
at Weseou, Miss., 10 which he nov
rune 10000 spindles and IL putting !,
5000 more, he has to buy 1900 TO 40
bales Of cotton annually near th'
mills, when 10 does not plant himself
All this Vac pot 10 at eight coots ani
. fraction pei pound. II Il could b
cold now tho profit on it would b
Z. about 13S, 900. This would make
worth while r. close tho mills, bo
for, tho throwing Of tho operators %
|of employment. 1t 10 not . siEpl
thing here, where ney haods wool.
be hard to obtain, to shut down worl
and let tho operatives 60; and o.
this account Mr.. Richardson has 20
attempted to reduce wages during a
tho hard times. He says, indeed
that s
0 THESE COTTON MILLS ARE PROFITABLE
: aud there 10 consequently 10 reaso
}, Why wagrs should 10 reduced. Th
!: mile return about l21 per cent regu
larly on the capital invested. Th
cation they uss u oil boasht, ct th
door, and c"sts equally two and