Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1881-06-30
Relating TO the Great Southern stapie--
Address ofPtesidenl Morehead to the
Cotton Planters Assoc iatioD.

49, ttsS 'oSS .-i WV " S'4S ~AAS~'>
sipp: Valley Cotton Plantera' Associ
ion in Memphis. President More
b ,ad opened his address by showing
the entirely practical character Of the
Convention, and asserting the earnes
desire of the planters to secure th'
b st appliances for the agricultural
q ID manufacturing development o:
the South and /, promote inr'iSra
tion. He then showed that the lei
tton States consumed 1868 -! -!
biahe!s Of corr more than were pr
q iced in those Statta, and forty.tw
Thousand bushels Of wheat more thai
were produced that the deficiency
in oats was. :1,C2,l0, bushels, and
the deficiency i'll hay about iour mill
ion tons. The deficiency, he said
represents the deficiency, not exactly
in what the South does consume, bu
in what it would consume if properly
fed; for owing TO the great cost OF
these supplies, neither our laborer'
nor stock are 'siren the liberal allow
snce they would ,eceive did we rals'
these products ourselves. A crop OF
six million five hundred thousand
bales, estimating al average OF three
res to produce bale, would giv'
U, nineteen million five hundred thou.
a,nd acres, at eight dollars per acre,
sl56.000,oOo, which goes to perma.
n.nt investment account. Estima
ting that one mule or horse will cul.
ii ate twenty acres, we would have
nine hundred and seventy five th u.
sand mules, which, at eighty dollars
per head, would give rs ST8,000,ooO
which also goes to permanent invest.
nant account. Estimating all tn.
implements nseG in cultivation-Lar
ness, wagons ans; aundriea Of this
character--in round figures At s25
per mnie, we wonld have SN, ,575,
000, which, added to the previous
amount, would give lis for permanent
sccoun, total oi :Ss225s. $4,000. Say
now that on An average one hand
will make three bales OF cotton, We
would have 6. l66, ,666 laborers TO feed
and clothe, which, with those cepen'
dent on them, would cost at least fif
ty dollars each. orslos. .:assa. assaa 800, which
We will pass to working Investment
account; the cost Of fifty-two million
yards OF bagglng at eleven cents,
and thirty.nine million ties at Blk
. I'd two.t thirds cents each, or two
dollars per bundle. wonld give eight
million :onr hundred and fifty thou
asnd dollars :or basg;ns and ties, tl
go also to working Investment &C.
cout. To feed the teams would re
quire, at loM,' calculation, ea.:ma
ting, as We st.rted ont to 30, Only
the deficiency in home supply 5ha: Ii
to be purchased, at least thirty dol
lars per head (and this estimate IL
low with corn seventy iye cents per
bushel and hay thirty dollars FER
t,D}. or twenty nine million two hun
dTed and fifty thousand dollars, which
il to be added also to the working
investment account. The coat Of mar
Z ting the crop would be at least one
can't and quarter per pound on
two billion six hundred million pounds
would be thirty-two million i've hun.
dred thousand dollars, added to the
cost Of feeding and clothing the Ia.
borers, feeding the teams, preparing
with bagging and ties and marketing
the crop. would give u tota! work
ing capital offi7s,5ss,3oo. We will
DOW add our permanent to our work.
ing inv stmeDt account, and we have
total capital of S43s,ao9,3oo in
vested, exclusively in cotton cultiva'
tion on a basis Of the share system.
Now We wwill estimate that the crop
has averaged all around Sc. perpound'
which would give us, for six million
Eve hundred thousand bales, or Swe u
ty.six hundred million pounds, S2oS :,
100000, or the remarkable. showing
Of $40, o,ooo,o0o lees than we got tor
8 Eve million hs's crop. must here
be permitted to lsagree for q mo
:I,,I.o - fau- raSocfiops