The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1884-10-16
money on deposit. issuing certificate 8

money on deposit, issuing certificates
therefor. In this way it is proposed
20 accumulate a vast fund for the
building up of cotton industries in the
south. Raw cotton is worth $50 per
bale, while cotton yarn made from
this bale is worth $75. 1t is the pur-
pose to create, by the manufacture of
raw cotton into yarns. to say nothing
of cloths, a value for our cotton crops
fifty per cent greater than it now
is. The accumulation of funds, for
which circulating certificates of
deposit could be made, would
be entirely sufficient for the
establishment of manufactures, all
over the south, ample enough in
capacity to convert d cotton crop of
say 100000, which it will shortly be,
into $600,0OO,O0O instead of 3 100000.
The capital stock of the cation bank
could be made enormous, and it
would be based upon a credit as sound
as any in the world. The cotton lands
of the south are rapidly increasing in
value; in ten years from now il may
be safe to estimate they will be worth
twice as much as now. Followed to
its legitimate conclusion, the proposed
undertaking would be of immense
value to the southern states. 1t
would enrich them beyond computa-
ton. Not only would it make wealth
for cotton producers, but, by creating
an immense army of operatives, the
wealth of cotton manufacture would
be conferred in the south, and riches
would not alone flow into the cotton
producers pockets but into those of
representatives of every branch of
trade and industry. Col. CockrelI is
vice-president of the Cotton Planters
association of the south. This
association is to meet in Vicks.
burg, November 81, and it will proba.
ally hold an adjourned meeting at a
later period in New Orleans, iduring
the worlds fair. The bank PROPOSE.
ton will be earnestly considered ;at
the approaching meeting, and the
STATESMAN sees no reason why a ia
vorable solution in regard to it should
not be reached. 1t is "a good and wist
conception, and, being so, it would
be both wise and good to hurry up it:
organization and the consummatio1
of its purposes.
REPUBLICAN PROMISES TO TIKI
SOUTH.
THE STATESMAN is in receipt of ;
circular, issued by the republican exec
utive committee of the United States
and addressed to the voters of tn
Southern States. The committee ha
established branch concern at Nash
vile, Tennessee, and from that poin
it is proposed to teach why southern
men should abandon Democratic Bour
bonism and free-trade." This is on
of the leading declarations of the cir
cular in question, while another i
that Blaine is the friend of the South
and the representative of true Ameri
canism. The circular is an ingenious
appeal to cupidity aud avarice. Tn
robber tariff is held up as that Whicl
will develop and build up an unprece
dented era of industrial prosperity il
the South. The address advises agains
political consolidation, and conclude
by saying: "Will the South continu
to offer to Northern reactionists
theorists and incapables, the hope o
gaining, through her solid vote, tn
power to make Americans the sub
jects of England under free trade, o
will the South that is soon to show
her power and glory and promise in
great worlds fair make it's teaching
her politics?" The document read
very well, and is gotten up with
great deal of adroitnes5, but it hide
away the fact that this same republi
can party brought upon the south
after the late war, its greatest humil
iations; that it was this same part
which planted the carpet-bagger an
political robber in the south, and per
petuated the rule Of these rascals an
thieves by armedjforce. Southerners
who can be led by pure argumentur
ad crimenam, may follow the seduc
tive call; none others will. It Wi
take men whose desire for individua
wealth surpasses all other desires
whose love of money excludes an
idea of justice to the masses, to b
influenced by the argument of thi
audacious document. The dew
once took the Savior u
into an exceeding high mountain, and
showing all the kingdoms of the worl
and their glory, offering to deliver then
for service. The power of the repub
elican party to give what is promiseC
is about as great as that of his satani
majesty, when he presented this grea
panorama of temptation. The reput
licans want votes; they are desperat
for them, and will promise anythin,
to obtain them. AS said by a cotem
porary, the audacity of the party tina
issues such an address to solicit tn
support of part Of the people, whom i
has robbed and maligned and abused
cannot, under present circumstances
be considered as an evidence of innat
boldness, but Is the result of despera
ton. Republicanism is engaged in
desperate struggle for existence.
has been encouraged, no doubt, t.
make this effort for help in the soutl
blythe tone of certain southern jour
nails, but the masses of the southern
people are tried and true. They coulc
not be bulldozed or bought in the past
and they cannot be deluded now. Tn,
south has seen too much Of republican
rule. The south is yet solid, and it vii
remain solid as long as the republican