The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1890-09-20
COFTOS SEED OIL INDUSTRIES.
Local Planters VIII Lose Near sIOO,eOO.

phis, IS per ton.
Seed, per railroad, delivered 1
Memphis, SO per ton.
Seed, per wagon, delivered at Men
phis, 50 per ton.
Gin seed, delivered at Memphis, 5
per ton.
These figures tell wonderful stor
to planters, and they also tell thel
that even on the present basis the
will receive 100000 less for this year
product than they did for that of las
year, with the prospects Of a niue
heavier loss if the nefarious Lard bi
becomes law.
The nillers, although they quot
these prices, which are from 81 to s
less than those that have governed tn
market, have not lowered the price o
cotton seed. 1t is Congress that ha
forced the reduction, and the partisan
National Legislative body is alone re
sponsible Ior it.
The Conger bill, as is well known
places the manufacture and sale 0
compound lard under the espionag
OF the Revenue Department and i'm
poses tax Oh the product. Cottol
seed oil enters largely III the manufac
ture of compound lard, and the tal
imposed will in reality be a tax of
cents on every gallon of oil. Thisputi
compound lard under the ban Of sus
picion, and il goes to the public as
branded article, subject to all that tha
implies. 1
This action has virtually deprivi
the cotton-seed oil men of the !
trade and has cut of three-fourtfs,,
the consumption Of oil. They areu
cordingly driven to the export ~
soap markets to dispose of their y
duct, and In those markets the os
only taken on the basis and in cons
tition with other greases. =
A Commercial reporter Interview
10 w. Allison, one of the best, if,
the best, informed men in the Soy
on the gravity Of the present outll.
for the oil men and cotton raioi
He gave his views candidly anoe
length, aud they are Of great valuele
representing not only local mill rd
but the American Cotton Oil Trusn
"There is actually no market
cotton seed oil,' said he, "to-dayo
any place, and al any price. | nf'
that literally. aud doubt If there y
market for 5000 barrels in tho wh
world. AT the present time there
about $4,000 barrels in store f'y
last years crop, sufficient for y
worlds consumption for seventy dls
and there II will have to stay untia
Is sold for grease, or some maiu
shows itself. The consequence of y
state of affairs is that oil manufactui
buy seed, knowing that the oil v
have to stay in tank, al as low a figp
as possible and one that will promi
but little loss in working the seed, II
...rhis deprives the planter ofa lie
y;,imato mars,,. r.. for bis product Las
year the Memphis Mills, IN "'icn e''
invested s2,OOOO00, crushed $4,000
,ous of seed, and lost SO on every tom
he planters receiving and average
price of $3.50. If the planter cannot
ret fair return for his product ne, oil
course, will not market 1t at q loss,
md then its only use is as fertilizer !;
,ut Oh that basis he will lose also, for
le can sell his cotton seed, buy fer
,ilizer. save years time, get the same
,esuIt and make money on the trans
,ction. And then again, the trouble
s that IN the Memphis cotton district
hardly any fertilizer is used, and II the
price of seed drops to So or 81 per
ON It will not pay him to put 1t on the
market. The present seed crop VIII
be about 10000 tons, and at the fig
Tres quoted to-day the planter is out
If pocket Just about 100000.
@Now, | want to say something
about the negro planter continued
Mr.. Allison, "for he is the one that
will suffer the most, and he really has
brought, or helped to bling, the pres
,nt situation upon himself. The cot
.on-seed crop is the cash product OF
he negro planter. His cotton IS
long before It is gathered,
md when taken to market the mort
yaree gets the proceeds. The seed is
Usually free, and on that he supports
lis family while harvesting his crop,
md practically this is the only means
,f support he has. Cotton-seed Is par
icularly the negro crop
nWbon the vote on tho bill that
practically destroys this source OF rev.
niue was taken in the House, Con-
FRESHMAN A. +. Taylor, d. &. Houck
ind II. c. Evans, the Republican Rep.
.esentatives from this State, elected
~ the colored vote, cast their ballots
n favor of the nefarious Lard bill.
Possibly the negro may learn some
hing after awhile, and few object
essous like this viii go a long way to-
ward teaching him useful political les
ions. Congressman Enloe made a
plendid fight against the bill ana
,gainst Car Reeds arbitrary rulings
n connection herewith, aud he de-
erves praise for his Efforts
Mr.. Allison then exhibited letter
rom Congressman Evans, in which
he legislator explains why he voted
lgainst one of the principal industries
II his State, and expresses a belief that
he bill will help planters and oil men.
TIC danger of practical ruin that Is
tang the cotton-seed oil men in the
ace has done something that money
md ten years time has failed to ac-
has united the American
lotion Oil Trust aud the oil men who
we're on the outside. Swords hayl
,eeil laid away, the Ratchet has bee
,uried, the pipe of peace has beei
moked and hands and forces havf
,een joined to fight the common fd
The trust, with its millions OF capt.
md lis avenues for marketing Its pr |
luct is in no better position than U
mallest mill owner in the country