Kansas agitator. [volume] (Garnett, Kan.) 1890-1905, 1892-02-25
COTTON ilE'THRONED.
It-e ONCE aOYAL STAPLE OF THE
SOUTH KING NO LONGER

sion and 1t. Remedy Fictitious Trad
ing Customs Duties aud an Insufficient
C,rc,tiat,ng Medium tn Blame.
tht Washington correspondent OF the
st l.iui~ t1iObe- Democrat furnishes his
paper ii symposium of views on the con
dliIon of the farmers and suggestions us
70 the cause of the present depression in
that great staple The interviews were
mad with congressman representing
%,ntnrrn districts and the following ex-
rerp.S from whole page'W The Globe
iIeniucrat Will be found Interesting
MI Hatch of Missouri has some pro-
no,lnced and interesting Views on the
cotton problem AS chairman OF the
committee on agriculture ne has given
Thought 10 hecotton planters condition
III Is ridiculous, said Mr. Hatch
promptly and positively when asked
whal he thought of the proposed agree
riient To cut down the acreage OF cotton
% per cent IT isn't practicable. Some
men might Sign such an agreement ana
KeepIt Others might sign ami not keep
IT. More world neither sign nor he in
tiuenced by It.
WHAT has brought cotton down and
what keeps II down isn't excessive pro
dnctlon II IL this speculation - this nc
tliiuns trading The men who gamble
III cotton are tearing II the year around
fon can bug now on margins August OF
September cotton | remember the time
do hap Tho MIA nfnr
nad the finest collateral that grows
Then cotton was as good as bullion The
planter or the merchant put his cotton
paies into warehouse and got money
on II mp to within cent or two OF Its
value He.pnt insurance on 1t and time
did the rest TO. INN There was no danger
OF deterioration. The planter got his
money on nls cotton almost to the full
valne The insurance and the interest
IN the loan amounted to only a cent or
.s.ss pound There the cotton remained
~ good as gold until the market prompt
Ell the sale A over the south this ware
housing OF the cotton crop was done, and
mere was no limit To the money seeking
It. Then came the era OF gambling III
lotion futures Capital grew nervous III
me presence of Il system that ran cotton
Town or mp at the will OF the manlpua
fors Planters in need OF money were
forced To send their cotton to market
Now the result Of this is seen IN the
marketing of almost the whole crop IN
sixty days Prices are knocked down
rulnously and they remain down Flgur-
ing on the prices when the cotton Is de-
pressed py this crowded market the
Speculation sells for delivery six or ten
months hence With such "A system. de-
probation lower and lower Is the most
natural consequence Stop this gambling
IN cotton and the value will become
steady and natural Money will seek
Iucn a safe Investment The ware house
system will pe restored. Cotton will be
put upon the market as, there Is de-
inand for it and ILL., It will bring a living
profit to the producer
NOTHING FUNNY ABOUT IT.
The country knows John Allen. of
fupelo." "a man with keen appre-
citation of the ludicrous. But there Is
nothing funny in the condition of the
cotton planter Mr. Allen WAS alto
gether serious and very much in earnest
when be was asked about the depression
IN his state He replied with candor
and with thought to the questions asked
MIN and he said some things about the
situation which are worthy of more than
passing consideration.
Il have recently returned from Mis-
sissippl." Mr. Allen said in response TO a
query and there is no don bt about it