Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-25

Ocean. would ind an outlet through the
| Gulf ports rather than 90 across the Conti
| nent to our Eastern ports, and from this
| down. 1t is only necessary to state these
facts to have the argument come home to
every sensible person.
The great Northern growing States of the
| Union would be benefited beyond measure.
| While to-day they are suffering with over
| production of cotton and low prices, If the
Nicaragua Canal were constructed they
raw orin its manuf:ictured state, to fully
70,000,C00 people who live on the Pacific
| Ocean, and who would be tributary to our
country IL the canal were constructed.
The 10000 600 people of Japan are calling
| for new cotton mills, which they have been
building. The Japanese Consul General in
New York informed me only short time
\ ago that they had erected some Is or 90 mod
/ ern spinning mills in Japan, and were get
| ting their supply of raw cotton from India
chiefly Raw cotton has been sent during
Canadian Pacific Railroad to Vancouver,
and from there to Japan i'll the steamers of
the English line.
He Appeals to the Cotton Trade.
If we could afford to pay thiss transporta-
tion and it be profitable what would be the
result if it could be shipped from Gulf ports
to Japan, saving more than two-thirds of
the present cost? Only few days ago sew
eral thousand bales of American cotton
were shipped from Liverpool to Japan by
the Suez Canal.
General Grant, when he made his journey
around the world, foretold that this condi-
tion would arise. In a letter to Admiral
Amiens, who has always been strong ad-
vocate of the canal, he says that the Chinese
would soon import machinery for the manu-
facture of cotton, and soon after the opening
of the Nicaragua Canal they would import
more raw cotton from the United States
than our entire crop then grown (Which was
some 100000 bales, and added that there
was not such another cotton producing
region on the globe as that of Arkansas and
the adjacent cotton growing lands. What
Grant foretold in regard to China has al
ready come true in regard to Japan.
What the South needs to-day is q larger
market for her cotton. Cotton is the largest
crop she can grow to bring her money, and.
while she may turn her attention somewhas
to other products. she will never be largely
successful until she has found a ready mar
ket at fair prices for all the cotton she can
produce.
Oriental Countries Want Our Cotton.
This market is not confined to our own
country and Europe. The population of
Japan, Corea and China, many times greater
than our own, will require o vast amount Of
cotton and will require great deal more
when those nations shall have introduced
modern machinery and shall be able to pro-
duce cotton fabrics at lower prices than at
present. The demand of the world for the
cotton market will then be equal to all that
we can produce, and that at remunerative
prices.
Mr. Miller said in conclusion, that the
enterprise now presented to America is
one which has had the most careful con-
has been examined by the ablest
engineers of the world, and pronounced en-
tirely feasible. He thought that the COM
merce of the world demanded it should be
The only question of i'm
portance now is whether it should be done
by American capital, under American
auspices and control, or whether it should
be compelled to seek the capital of Europe
for its completion, for, with the example of
the Suez Canal before us, there is no doubt
that private enterprise will come forward |
and carry this great undertaking to sue
cessful conclusion.
Mr.. Miller Answers Questions.
Mr. Fisk, of Colorado, asked how the |
Congress would act in the matter Mr.. |
Miller replied that the company is private |
chartered by the Government. |
1t is authorized to issue bonds, but has not |
lone so, owing to the closeness of the home |
and foreign market. 1t is intended to sell |
he bonds in America, but he had no recon-
nendations to make to the Congress.
Ex-Governor Anthony asked how long it
would take to finish the work with the
'unds on hand, and Mr.. Miller replied that
t would take about five years.
Hon. J. L. Torrey, of ST. Louis, was next
Introduced and delivered an address upon
he bankruptcy bill After discussion the
adjourned until tomorrow.