Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-12-01
EXIT KING COTTON.
Overproduction the Cause of Low
Prices for the Staple.
misleading and Bullish Estimates Of tbs
Crop Planters Urged to Reduce the
Output and Turn Their Atten-
tion to Cereals.

erop-fianters Urged to Reduce the
output and Turn Their Atten-
tion to Cereals.
MONTGOMERY. Ala Nov % -As q -
sult oftbo .o.;o ,f.l Go. -,
oo1. VI 'he 'heSoo'oh-urowcle
WHICH recently met IN tnlS
~ '"o ioiio"ihg ietter was sentout'
10 THE COTTON GROWERS OF THE SOUTH
Al conformity with resolution passed by tho
recent cotton Growers convention, convened
LII the city OF Montgomery on the 18th Of No
'eniper' address you the following letter:
ihe convention was called by myself for the
purpose OF considering and deyising means
'hrough which southern cotton growers might
protect themselves from the many and unfair
ue''ces USED TO depress the values Of our chiel
staple the present most prominent one being
no.i.ious reports fabricated In the main cotton
'nares seht OUT by cotton exchanges, and ema-
iiatihe mating IN the minds OF men who make pre-
oarious lVlng as bears on the cotton market.
lack OF space will prevent my celebrating
upon these points, and l will make it suffice
simply to quote the resolution upon this sub
lect passed by the recent convention:
BE 1t resolved by this (the Southern Cotton
Growers) association, that it is the earnest
conviction OF the members Of the convention,
as practical cotton growers, that the estimates
That are being sent out by the cotton ex-
changes In reference to the crop are exces-
eNo' anu u Is the peilef OF This convention,
paseu upon practlcal observation and the best
e'atistical ihIornatlon' that the present crop
VIII hot exceed e,0oo,oW.
AN ovEREsTIMATE.
Mr.. Neill of New Orleans. is one of the rem
try VINO IS contributing his time and talent to-
wards the depression Of cotton values and to
the detriment of the entire south. He figures
tne crop Ior the present season at l0,230OOO
paies' Ihat his pre1lcates are fictitious and
MS hgures excessive no reasonable man doubts.
The large crop of lS9l-9s, which with the
amount LETT over from 1S9O-9l, reached 9,0i0-
wv bales, was produced on an acreage 900
acres larger than that planted in lS94-taking
the Financial Chronicles estimate in both
instances. In 1891 the production was 209
pounds per acre, whereas the official condition
ihu'oaleu crop OF only loo pounds; the In
oiease' therefore was Just III per cent Here 1t
shoula De noted, al no time since 1853 has the
bureaus estimate varied so greatly from the
aetuai proouctioh. on a similar OASIS the con
ui.ioh "s reported Dy the bureau IN 1874 lnul-
calos crop oi l'o POUNDS 10 tne acre; add II
peeh Iis pounds or 40 OF bale and with an
aoiouso vi -oloI,WV acres we nave crop OF q
ira'tioh over "'ooo'VVo pales.
The rule OF indicated production applied to
each state separately, to which is added the in
crease in acreage and the per cent, condition
increase as before the total crop aggregates
elooVo bales and this sum Is reached by ac-
creal'ihs lezas with crop OF 2'9oOooo bales
'his year
1t is hardly possible that the department.
| condltlon indication Will be as much under the
actual outturn as in 1891 since large part oi
| lhe crop OF that year was, really produced In
| 1880. In fact, the average OF the conditions Of
| the bureau for five years indicates exactly the
actual average production per acre for the five
| years. Again, the crop marketed in 1891
| showed excessive production per acre. but Mr.
| Nelll would have the world believe that tho
2O'l07,00O acres in cotton in 1894 have produced
io'-oooo' paies' or over one palc 10 every twt
aereS'
| Consequent upon the enormous crop pro.
duced in the season OF 1Sol-92 cotton conven.
tion was held in Memphis under the auspices
| of the Mississippi Valley Cotton-Growers' as
sociation, and its result, as was the result O.
the recent convention at montgomery wa'
| mr. o,,,,l,,,, ,,,,,..,' .,,, - ~ =.
,ni,o nn,io, ,a,r,,d ~ oa,,a.;1s f.
1900 au :. aaa. -; ~ ~ ~ .e.so -.
,,i,.a,, ..i,, III ms - eiio,
-, y. ss,,an "' po"' uS :. so
anS ,a9 -, ,,s ,,o .'1 ao,, ,,', T." -
,,Ion ;o ,a,,an T., "' 'nat az. .a'ss
oan,,a, 20 ravas ""' INV ''"'0 "'''- '''' Va
Nops'O' VI
" 'uanu W sno Mouiphis Cotton convention
cotton au.ahecu IL points III 'irce oays' fur
suah' 10 'hc mon.sonery 'Hieeting' co'tol
,,,a ooaurranoos 49, p'' ;aatsnt., =, 'n0o
,,.o,,,os ,,,a'' a,n.,.
;ndirno,,, ,neS h' ,,so "o o., .ausoI ume.n ~ y
,,,,e, aaua,es " ''eIo i",ne'' III .on,en'iol
go h',. -, :. ~, Wy .onn,'S
s.,i :. ~. A.. i,..,
se.oon or a"e' .n'v va9 siora'ons vi Wv
-, ,,o ,a,,o,, -, oon,,nn.ta, - ,,nno,,on1 -
~. w 's ,,,o,, ua ~ ,ni,,,a, .. .a,, -. ~
,an sa,,;r. w.
n,,,a aa,,i,o.;, ..,o ,,u,.; a.,
80 ua.a .sa, tu.n's , sGni ,i.ii. Wv
"ie ~. -. " lu'u.o .no nlu''ous ~
and beoring down nresent nrices and sccond
Iv to co-onerato in an endenvor IN again ia
crease the nvcrage nv nlantinp the same /,
and nroducino more e"non.consumn,ion,, crons
.r,,,c, ,, ~, .,,r,,.
~
|
mahlpuiatioh' ana l. shouiu DC tns ehort
cNois ih'oi,isenU "nu p"',io'io oi'.eh oi w
sou'n W ehilsV an 'ho OBSERVATION-DISCLOSURES uVaii
aoie 70 roS'n' 'nis o"l.en. 'h"o is ins'oious
uay ny uaS u,h.ihs US luto thi
vortex ., povel'y anu uesti.ut'oh' ana re
speIViu's 'oieu au pomIi a VI 'ne piess an
wv W. n'" p'o,a,na ~ ,ha n,,,,, sn 49,.
i'.,, T., 49, a.as,,,,s,,.,,. :. ~ a
s,,,'',lotinr so doroMtI, 10 hn ,,;s,n, ', ''
''rr. NV. .ua uas.s. ~. W. " ~
! nav ',ie p,enenu ~" pii0es vi oo''oi, ar
aphVriii"i =, pl".n :" ~, 'h'nnins he. Snu yer
.u'niy 50 u 'he "en-a0usp'eu . ,uie vi poii'ica
economists sppnos: ina. .ue cos. oi tn
p'oou..'oi vi d" "i i''oie 10 'a'i s'"nuai" Vi IL
'arue.
lhere ,S iess visible supply On manu- ,hah 10
years, INNS now lesS oi hahu' pcopic nav
iess oio.ncs oh "'oouh' vi 'neehio''co ecohonl
oi naru "ihes'
The total vlsioie supply OF cotton IN tn
world is @S2'Ioo oaie- less thah IN ise5' ana oo,
4l4 less thah IN ioss'
The currency and tariff questions are virtu
ally settled, and all the indications at presen
point to speedy return Of general prosperity
and cotton prices must naturally rule higher.
We are Of the opinion that, after all, thi
matter can only be accomplished by independ
| ent individual action stimulated by intelligen
argument, and shall undertake to provo tina
to great extent that it is the overproductio
of cotton in excess Of its consumption that |
causing the falling off in values until it ha
reached that point which makes it less tha
l