The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1892-03-04
For tie TiNJs.
An Iateres sting Latter From 1sxaa.

and We sur pose all over the cotton growing
states. IL we may judge the whole South by
the situation here it is in worse condi'iou
than for many years. The prosi iect hire is
the most critical il has been ~ any time dur
ing The eight years have been here, owing.
no doab', in great measure u the extreme
ly low price of Cotton, which is tbe leading
indu,iry here. 1t is the de renjeuce Of most
farmers for raising money. The country
produces more cotton now Than is .sc.ssary
to supp y the deman is, under the circum-
seriLed financial system.
The South will h,vo TO produce less
cotton or the government wi have t. de-
wise ways and means to put more money in
circulation. But when w'il The pro iuction
Of cotton decrease? The ind cations do not
pOiut in that direction just now, with 80 much
Of Texas being developed every year, u say
nothing OF the immense cortjn growing re.
Sion in all that country lying n rth Of Tex XAs
90 Missouri and Kansas, ant from New
Mex co on the West to Arksueas on the
East, embraced in the Indian Terrific v, ail
OF which produces cot on TO greater or less
extent. And it is reasonable to sup ose,
MIR. Editor, the territory West of tho M;ssis-
s'ppi will produce as much c,.t,n within q
few years Ms is pro luced now in the whole
country. The value OF cotton i, very low and
and this bring the case it will doubtless, to
SKeae VAULT, CoauSe the nouuS OpyNSTUN"
OF the business meihois il the ) ,utuern
country. The oh ,nse is even taking place
now. failure to obtni, advances from
wholesalers by Southern Mcrch,nis who de-
pend largely upon a CO ton or y ;oc the pay
nent Of their bill s, wou d operate very effec-
tusl'y upon planters in = reduct on Of the
<ncreags OF cotton throughout the South and
Southwest.
Word now comes from Saint Louis, to the
effect that many wholesale houses are now
quitting the Southern te' ritory on account
ofihe depressed financial condition Of this
country. Many drummers, 80 it is said, have
been taken from Texas territory by st. L,ui,
houses since the holidays.
1t is to be hoped that the depresse condi-
tion which now confront, US may, in the
end, be the means of inging about rome
good results in the future. II may change
the mtuner for the best in many business
transsc ions; it may bring reforms in finau-
ces:.it may change the style of living to q great
extent. and much good may come from our
pre-en surroundings, though we may not be
able to realize il FIR sometime TO Come.
There is something very wrong about tho
financial system OF our country, Rad our
statesmen are beginning to realize the situa-
ton. l will quote you All extract from re-
cent letter of judge Cu!bcrson of Texas to
one OF his constituents, upon the money
question:
81 do not underestimate the importance
of our success in the canvis. of 1892. But if
we must surrender our convictions upon the
money question aud Ell lure indetuitey thu
evils and oppression OF the present system, it
becomes pertinent to enquire what We are
to gain by the election of n democratic presi-
dent? lfour people are to be robbed merci-
le:sly by a system of finance that IL fast
reducing the firmers of the South to ,verty,
under u democratic administration, what be-
comes of our protest. Jns Of devotion and
loyalty to the interest of the people? l do
not believe that it is nercss Try for US to be-
tray the interest of our people to the greed
Of Eastern capitalists in ot der to 'ect deme-
cratic president. The great West stands
ready to unite with us in overthrowing the
hide5us ouirages of the tariff and the fnan-
cial despotism which now oppresses the peo-
pie, and all that is necessary for us TO secure
success is to be true to those who have hon
ored us."
1t is very evident from these expressions
Of Mr.. Culoerson that he believes that tho
financial system of the c,un.ry is in q do
plorable condi ion, and that the RENE lying
OF it is ths paramount duty Of our statesmen
ut the present juncture.
Now is an excellent time to buy land in
Texas. 1t is down lower than for some time.
Lands can be bought here now from S., to $40
per acre cheaper than the same could have
been bought four years ago. Improved lands
and mean by the term improved. land that
is cleared fenced aud with houses and cis-
tsrn, &c upon it, that would have sold four
years ago, all the way from $40 to $s5, per
in many instances, can now be had at from
SIS to $25. OF course the price of cotton
has had great deal to do with this decline
iu l,nd. BY the way, that reminds me
that some one, only "A few days ago, sold
some cotton in Wolfe City for three cents
per pound.
Corn was very scarce in thi, State last
year, and sold as high as 81 per bushel, for =
time, but it did MT range ;, high only .
short time. "A large crop was produced last
season, consequently the price is much lower
, this year. II sells at 40 to 80 cents now,
aud il is more than probable that it will not
60 cly higher dut.ng tho summer.
Some farmers will plant less cotton, whils
others will pan. Sc much ever the COM
ing season.
have from time TO time written you =
great deal about tho newspapers in this
Western country, bnt am sure l never told
you about the Galveston ami ID ,iias Ne,oses.
These publications are, you m'ghtsiy, dupli-
Gates. The publishers are A. II. Belo 70.
Tie Belos came from Salem, N. c., and lo-
Cateu In the Guy OF GalYeSton, Wnere they
commenced the publication of the Galveston
NeVS some 80 years ago. The Dallas Ne,cs
was established nearly seven years since,
and is the offspring Of tho former. 1t may
seem u novel feature. to publish two papers
conta ming nearly the same news, 3l5 miles
apart, on the same morning. The Sia'e is
divided into two divisions for news-gather-
ing Galvest III working the Southern while
Dallas works the Northern division, and the
news thus collected each day is inierehang-
ed by a telegraph line which connects the
two Offices, and which are operated by their
own operators. This has been successfully
carried on for more than six years. Inc
Dallas News runs q special train out Of the
City every morning at great expense and
places the paper in several large towns
before breakfast; also making connections
with many early outgoing trains from
Plano, Mckinney, Sherman and Dchison.
The Nevses are financial success.
Politics seem to be at q low ebb here just
aw. One hears moro about the senatorial
contest than Anything else, which will come