The Caucasian. (Clinton, N.C.) 188?-1913, 1890-05-08

The above cause :han any other that |
we can discover. In any event ii is |
evident that the manufacturer of !
lard compound is not responsible for |
This fiuctuation.
The lard industry Of this country
has been steadily incre sng during |
the last fifteen years, and reached
its climix in the year 1SSS--'S9. !
During that year more hogs were
raised, more lard WAS manufactured
for domestic and foreign consump-
ton than in any other year during
that period, a. shown by Appendix
+, taken from the Cincinnati Price
Current. The price has fluctuated
materially during that time, as will
appear from the table of prices
furnished by Mr.. Oliver, which is
correctly printed in the AppendixG q.
. See Report of Hearings, Fif.y-first
Congress, page 62.
In the report submitted by the
majority Of the committee the first
three ears OF the period covered by
Mr.. divers figures are omitted, 81
that the table begins at time when
The price of lard was unduly stimu-
lated by the famous McGeogh cor
ner of 1882.
XIII. The zeal contest in this
matter is not in behalf of the con-
sumner or the public, but has greater
significance and importance i'll that
| it seems to lis TO be an attempt to
seriously impair and injure a great
industry which is confined largely
to the South. That industry is the
production ami manufacture of cot
ton-seed oil. Its magnitude and i'm.
portance is not full appreciated, be-
cause it is yet in its infancy. 1t has
grown within the past few years
from II comparatively small bust
ress to one which, in all its connec-
tions, will probably represent at the
present time an investment Of from
SO, 900, 900 to S75, 100000,
! Until within the last few years,
while the cotton fiber of the South
was baled and sold the seed was
thrown into rot piles. Later, mills
were built throughout the South, the
great cotton-s, ed oil industry sprang
into being, and the seed, adding not
Of the cotton crop, was as Much In
demand as the fiber itself. Cotton
) seed oil is new, in value, per cent.
of the Value OF the cotton crop, and
is equal to Sl2,000,O00 per annum.
Of this $4,000, 900 worth, about one
h alf is used as an ingredient OF
"lard compound"
The importance of this industry
: will be further appreciated when it
is known that the negroes and far
mers Of the South largely depend
upon it for their profit in raising
, cotton. While for many years the
| cotton seed was waste material, only
5 used for fertilizers, il is now in
l creasing in value and yields as sub
n stantial yearly revenue to the poor
3 farmers and negroes, besides furnish
/, ing them with cheaper article OF
t diet and valuable food for cattle.
: and giving them one of the bes1
t fertilizers known to agriculture. Tt
: injurc and perhaps ruin a trade
+ which consumes 80 per cent. of the
s cotton-seed oil produced in thi:
p country must of necessity react will
J., tenfold force against the producer
of the article. Whereas they arr
It now receiving from $40 to SIC tol
1. for their seed, it is not difficult t.
J. believe that by destroying one-hal
n of the outlet for the seed its pric
)r must be materially reduced, witt
is consequent resulting injury to tn
a. planter.
10 The south is at present just re
II covering from the devastation o
e. the war, and it has but few indus
E. tries which yield it a profit and EN-
al ploy large numbers OF its popula
lie ton. Among that number ant
81 chief in importance is the cotton
ID and cotton-seed crop. We thin
ne that the Congress Of the Unite'
in States must hesitate before enter
q. tanning the suggestion to pass law
VS. which shall vitality affect so impart
to ant an industry.
he XIV, In conclusion, we cannt
but earnestly depreclte the preser
its add, by the burden of an additions
r. internal-revenue tax, still more
in the now over-abundant moneys {
e, the Government, as a measure III
he wise in itself, and to be passed onl
ly in the teeth of the doctrine cOncede
as to be correct by jurists and legist
AT that changes in the excise laws Al
he dangerous and apt to be solIcite
he for speculative purpose.
hit We deprecate it as measure
oh be passed only in violation OF tt
)m princi lie that taxation of busine
and license taxes are peculiarl
zee liable to be abused as festeril
III. mOnopolies; as a measure who
he passage would afford the first prec
ms dent IN our natIonallegislatiOn Of {
nd attempt to increase the price of OF
IN ingredient in a domestic product /
for lowering the price of another i
zen grediet in that domestic produc
ore as measure, therefore, who.
ore passage would affirm the principle
aid to the manufacturer of one pr
ore duct against the manufacturer
me another strictly legitimate produe
ION would affirm, in proctical effect,
M between cleamoring domestic cor
ub- not;torS not only the necessity
ous relief, but relief on the basis OF a
i" TO those cIamOfefS promising u
r0- GREATER numhar of votes.
the AS members of the committee v
ad. therefore recommcd that he prese
measure be not passed, and that
on any leg islation upon the subject
ign cooking fats is deemed necessar
cen such legislation should include Il
the whole subject and not a part of
as in the McClammy bill. No. 734
I'M In preference to this, however, '
the recommend that such general leg
to Iation, covering all food products,
aw enacted as will most adequately pr
bic tect the consumer, with least inju