Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1892-03-26
Cnmnenna il XinR.

Mr.. lluntingtOu's faentiOn Of the
fact that the difference OF value be-
tween the cotton fire of the South and
the woof into which il n woven
amounts TO eight hundred millions of
dollars for one season alone vii serve
TO remind the Southern people of the
untold gold which they have annually
given TO New England and Old En-.
gland ever since cotton became tho
money crop oi the SoI,hern States.
Commerce is king" says Mr.. HUI.
tington. Cotton used 10 be king
hat is. in the estimation OF 0ar South
era people.
The remarks Of Mr.. Huntington,
says the Meridian Nesos upon the diff.
ference between the raw cotton and
the wooi into which Il h woven should
set the Southern people TO thinking,
snd not only thinking but TO acting.
TIE wealth Of the South has been
poured into the Golfers Of Old and
New England ever since the Invention
of the cotton gin, and while We are
stricken with financial paralysis, ss il
were, those countries have anlsssed
colossal wealth from spinning u cot
ton alone. 1t is barely possible how
ever, that the present low price that
raw cotton sells for, may have a great
er tendency to bring the looms to the
cotton field than ever before, and If
this prove true il will be a blessing il
disguise.
The Southern people have never so !
fully realized as they now do. ssnce
the prices of cotton have gone below
the cost of production, the disparity !
between the raw cotton and the goods
manufactured from il, and a strong
effort should be made all along the
line TO change the order of things by
manufacturing IL own cotton.
Illustrative of the value of working
up our own cottons, we find the follow.
ing statement from "Lsce," in the Tex.
tile World Of February last
Perhaps the best cotton In the world
Ia Taxas cotton. Cotton brokers in
Galveston buy the cotton from the far.
mer and ship il TO Liverpool with a
profit the Liverpool BUYERS sell II
with profit to o Manchester broker,
who sells it with profit to the Man.
chester spinner, who makes cotton
from it and sells with large
profit to the Nottingham lace curtain
this maker makes lace curtains
from il, and sells his product with
about Is per cent. net profit to Not.
tiDghsm commission houses. These
houses sell the lace cur.
tsins with about 50 per cent. net profit
10 American jobbers, who import these
c%urtains, paving 60 per cent. duty ard
4 per cent. custom house expenses aud
high freight, selling them with good
profit to wholesale aud retail houses,
"And what do the American job.
bcrs import when they import Not
lace curtains? They import
The Taxas Gotten (Which they send 10 I
Liverpool, at about $40 per baie with
, net profit OF $40 per baie) in the
shade of lace curtains which have paid
hands profits. "a per cent. duty
aud custom house EXPENSE, and high
to and from, which meaus the
OF q bale of cotton has been in. I
from $40 per bale to $40 to
500 per bale, according to weight aud
design-the difference i1tweeu $40
and 500 being paid b !tA4s people 20 j
niddlemen aud 70 lace curtain makers
IN Nottingham, England.
IL 1t . wonder thea that the South {
s languishing and struggling under
overproduaion Of the raw material,
other countries arc growing rich
its manufacture? We have al.
ways contended that the South would ]
the richest country on the face Of {
The globe il the farmers would only :
selfiustaining. How rich
would we become should we manu-. ,
even a fourth of our raw cot I
Ion?