The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-09-08

ltl-ut lil N0lthAA -fNNAAk NNA'AN
prosperity can De reached" in the east or
the west end Of the cotton belt. The scot
ton syndicate" is the remedy all over the
cotton belt, which means combina-
ton Of the capital Of the Man
chester tEngland) spinners and the
American cotton growers, The cotton
growers propose to build southern cotton
mills in the shape of cross, one-story
high 100 by ~ feet each wing, engine in
the centre. They further propose to grow
the cotton and deliver il in the mills, in
sacks, to run the same year. They further
propose to grow the provisions for the OPP.
| eratyes, The Manchester spinners are TO
take stock in the mills or to take bonds OF
the mill company bearing per cent inter
est, due in twenty years, to purchase all
the necessary machinery to make yarn IN
these mills. They are to furnish the boss
managers and trained operatives from the
Manchester mills for three years, The
cotton growers who furnish the cotton are
to pay the mills four cents pound
for spinning yarns for heavy goods, either
in money or yarns. If the English spin
ners take stock in the mills instead Of
bonds, then the growers are to guarantee
not less than eight per cent. ON the stock.
Cotton growers then sell their cotton in
bales Of yarn instead of lint, all expenses
between the field and mill saved, all ex-
pcnses for baGging ami ties saved, all ex.
ponses for interest on capital TO buy cotton
for mills saved, and also for the sale OF
goods. The cotton is neither pressed nor
compressed, but goes to the cards as it
comes from the gin. The remedy proposed
is to build cheap, one-story spinning mills
on the railroads, and with steam power
make yarns, and double the value of our
cotton, Instead ofpaying A, and c as
mddle.men, amounting to.millions Of dol
lars on every crop, we propose to pay every
thing rs toll to the spinning mills, and
make yarn to send to the European mills.
instead of lint cotton. We are not able at
present to furnish the machinery for our
spinning mills We can furnish the ground
and buildings, aud propose to the owners
of the great cotton factories of Manchester
to send us the machinery from their ma.
chine shops for these mills, and take pay in
stock in our mills, and we guarantee a
dividend of or ID per cent. ON their stock
by mortgage on cotton plantations. The
important results to Us as planters are
First, we sell our, bales OF yarn at l6 TO 20
cents apound, making S75 the price Of a
cotton bale, instead Of $40 now. The In.
crease IN the value of our cotton lands il
S25 per acre IN consequence of the increased
product OF the crop. This Increase will
give us credit in the Bank OF ENGLAND
through the aid of the Manchester
cotton spinners, aud we will get
money ut q per ccnt. interest TO
pay for labor in cultivation of the CROP
This is the basis of lasting prosperity in
cotton growing. Our lands on our alluVia
bottoms will be worth 800 per acre.
Though this may be so, we are prohibited
nom using them rs security in all national
banks of the United States. We there.
lore intend TO go to the bank of England
Tor discounts. This is Il part of the cotton
syndicate above mentioned. Our SPINNING
mills, in our climate, will not cost ono.third
of what they do in the city of Manchcstcr
hence, the chances for large dividends. as
the sum Will be less TO pay on We pro-
pose to guarantee ten per cent dividends
on their stocks, They are therefore at par
from the beginning All of which means
an earncstness that is born OF the view of
the vastness of the benefits OF cotton facto-
ries in the south. Now let Texas, the
largest of the cotton producing states, in
the very front of progress and power and
fame of all this section, see TO it that she be
not left in the renaissance that is destined
to sweep the gulf states, Aud lot Dallas
see to it that she be the first to set the ball
in healthy motion in the number of her
factories and the successful operation
th.rGof.