Feliciana sentinel. [volume] (St. Francisville, La.) 1877-1892, 1880-06-19

their own prices. The cotton seed oil
mills conpany's stock III New Orleans, is
wort Ii from l2O to 1:53, and l und erstand
the mills at Memphis pay equally well.
| New mills are being erected all over the
county, and the owners of cotton seed
might rca scnah!y expect, from this fact
mat there would be competition amongst
the mills, and better prices result to
them. But the anomalous fact is that
! the price Of seed not only does not rise,
but remains dead low, in many cases
| scarcely repaying for the sacking and
| hauling. The truth is there is no COM
petition between these mills. They have
all entered into huge combination, and
arranged between themselves that the
Memphis mills should have a certain ter
ritory, with which no other buyers are to
| enter(ere: New Orleans the same; st.
| Louis the same; Jackson and Meridian
! the same. AS soon as Il new mill IS erect
| ed its proprietors Immediately join the
com bination, which also includes some
of our largest steamers, and their terrific
ry and the price they are to pay for seed
is fixed.
mills make 90, 80, so or Il 100 per cent the
price of the seed remains the saTe to the
planter, whose pockets and lands are i'm
povcrished by one and the same blow.
These shrewd molopolists have done all
this by corporation. We must meet CO.
operation with cooperation if we would
no longer be outTeachel. Shall we con-
:: {,c c,,J, To
shall we confess that we are powcIless?
Does any man here to-day plume himself
with the idea that the few hundred mem-
bers of the Association could in them
selves, have gained the National r"puta-
| tion acquired by this Association in the
short space of one year? No, it is the
| hopeful sign OF the South that all good
people in all parts of the Union are glad
to do honor to. We have commanded
| the attention Of the public, not for what
we are, but for what they expect OF us i'll
! tho future, because thew see we have ta-
| ken the right step i'll the direction OF
progress an Improvement. Our power
| is limited for any great achievement,
without Il much larger mam erShip than
! we now have. and it is every members
| duty to actively enlist his friends .as
members, in order that we may accom-
rish the greatest good, and not disap-
point the expectations and hopes OF the
| friends of Il rcgeneratcd South. The last
crop of cotton seed was worth intrnsi-
cally SIS 90 per tor, 'alid yet we got
scarcely half that amount; and in a com
munication received from Mr.. Edward
| Atkinson, Of Boston, on he subject OF
| the value Of cotton seed, he made one
| statement that must startle AID cnSraft
itself on every mind. He said 'that as
| far back as 1861, he had written, that if
a variety of the cotton plant conld be
found that would grow in Il Northern
! climate, producing ouly seed without the
fibre, it would be one of the most valuh
BILE Northern crops Francis \. Walker,
Superintendent Of the Census, says, on
authority, that the withdrawal of one
crnp Of cotto" seed from the soil is equiv
alent to the drain created by ten crcps of
lint. I leave this subject to the action of
the meeting.
| | must HOW draw your attention hrIef-
" to the dcletv rious effect on the price of
cotton, caused by the future business,
which has grown to such gigantic pro
port ions ir the past few years, as to do
away entirely with all statistical and ,e-
gitimate reasons which ought to govern
the price. l allude to this subject, not
because I have any hope that our action
here to-day could retard the evil but to
implore the planters themselves from ta
| Il, , IN, II, 10 of
ural position of the producer prevents hi:
bcIr z u buyer of cotton futures, but he il
often induced to sell cotton at certain
prices to the extent ola part or th'
whole of his crop. To practically SHOW
how every future seller of cotton injure
. the planting interest, suppose miIdlin:
cotton is wo tn 13 cents per pound fo
: the month of November, and planters al
over The country sell November deliver
-, les, does not the very act show lack {
=, faith in the price of their owr staple, an
does not every bale sold help TO dcprcs
. prices by that much? IF -, 600 bales
, GOTTEN were forced on the marke ct by f''
- tors in one day in New Orleans, w"ul
:, not the effect be Il drop i'll price: 81
- sides this, the spectators make gre;
-. capital of the fact when planters al
. large sellers, believing the planter know
-, what it costs i'm to make cotton the e.
-. teut Of his crop, etc.
:: Now, | contend that few planters kno
What it costs generally, to mako II
:, crop. Seine planters will get more co
-, ton at Sc per pound than others VIII
. 13c. in nv address of last July, show