The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-01-22

selves for the price. our labor and expen-
SEES remaining the same
The world has to be clothed The con-
sumption OF cotton Is nearly inflexible.
The production Us flexible with these
conclusions II resolved itself into the de-
duction, "How are we to destroy this an
nual surplus?" The only safe and prac-
tlcal way suggested Is by n judicio,is de-
crease OF acreage say OF 2b per cent we
would then realize rs per cent Increase
In the price and stili have 5000. 900 acres OF
land to raise food crops upon which II
raised In sufficient quantity on the farm.
instead of being purchased at long time
prices, with cotton as its uncertain secur-
ity will make another Legitimate Differ
cnce In favor OF the cotton grower of 25
per cent
There can be no palmer object lesson
portrayed than that of this last season
OF the result OF decreased production. AS
another lesson. as to tho efficacy ~ tho
decrease of production as N stimulus tn
tho increase OF p,dce we will otto the his
tory of the cotton market In the wear 1si5
The average prIcc of cotton that wear was
bis The nroduction waa Decreased tho
ncxt yc,r h,, ,ennrnI conaent about q ner
cent. md cotton values rose In eonse-
uuence ther,s,f To 81 in 1916
The farmers ~ tho south rccoyp,yI,,
| that they could NO, ro,sa cotton nrnatabiS
oven NJ fb,s n,.ico ,ho,,,,h h,,,,ry ,ho hcnc.
| nj then of slave labor in their flavor, again
reduced the acreage the next year. 1871.
| 10 nor cont ca.te, ,,ai,,as ,a,s,tr,'na 90
r,so CONFERENCE.-The. ,,-,,h no aanro,ss -,
aeroo,,o o,.nra,tn,, ,hat ,.oar :, ., eon,.
A 10 per cent reduction resulted in n 20
per cent rise In values and this In the
| face OF the stagsation of trade In Eng
land, due to the great Irish famine that
T., a,,,.,' ~ ~, ,,,',a,'t. - ..aat
~ ". w. Srr,i, W ~ -
| reduction ~ IN on halea nor wcek In Tho
| consumn,,on of ,r,nur,c,,rora
AS an evidence of tho influence ~ over
production I present the homely uh,strn.
| tion. A farmer goes into his market town
with n basket fun of eggs. II ia the first
| 81 Mav and tho noul,rv ia nrodmc,ny free
| iy. He presents his orga to tho merchant
| for sale and Ia mot with tho ipte,liyenco
| that he has ali the ergs Nat he con
| handle: that the market is cluttcd and
| the supply exceeds tho demand The
| farmer has more Mt home than he needs,
| and he does not care to take them back.
| SO no finally asks the merchant II he can't
| make him an offer for them at all, The
| merchant reluctantly offers cents for
| them and tho trade IL made-tho mer-
chant ulctating the price. Later In the
| season say In December. the farmer
| comes In. hut instead of having twcnty
| dozen he has only ave dozen eggs, ana he
goes 10 the same merchant ana notes
! that there seems to be dearth of eggs
| IN the tubs anu boxes sitting around ana
| when tho merchant ASKS nm what ne mas
ne replies gnply' hsss. me mercnhn'
| asks MN what tney arc worth anu no
replies that the hens seem 10 De III
| commune trust OF s'riRe, anu oEss
| are very scare" III ti'e s"u,,s's, nuu ',io
ueh'ahu sec'lS 10 ,NV'ou wy r"pIis, ~
wants :" cei'S n,r "uA'a. io' - ,, ~ , ~
trnuo ~ 'h"oe-'"o i"'i''' "N''e WV
price 4. l.,
Nv r.e., mn 80 .'' .,as,,,r ,,a,s 900
yer iar'.,e1S sto," wv a. ,,,d st,,,,,,iat,
nto W wv Ine'' ~ -, ~ ,,,,,,.,e, t.
wv piouuus'',l w .; ,,,,t, e,,a,ti,, In q
..,,,s Az ,i,,, s,noo ~ tbs an lis
nte', ~ ,.,,' n,,o ,,, tbomsoi,,o.,
,a' W. , ~ 20 ,n,est,yote
~ nu AIN ,,,,r ala no, have this effect
T., ~ ar,,J -, dest,tutlon tho cotton
,,,o,,,,,,, rcaources of every pnrt of the
| ni,n ,,oro ,.stcd "a the utmost. and I'm
H. .vh,h,,,on ~ ,Sio the representatives
tror, nvarv Country from which supplies
,,,,,,h, he exncctrd met to concert meas
res Tor oh,aininr all that was wanted
without the aid of America The colonies
| ,r1 don,n1auClcs of Great Britain, In