The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-06-02

occasionally Put the worst cotton ON M.
bottom OF the wagon and the best on ion
In that condition 1t goes into and comes
out of the gin. The buyer, who l. buyins
under positive and detailed orders, must
see what the bale contains. He can not
do that under the proposed system"
Tho St Louisans interested in the Amer
lean Cotton company are Jerome Hi,
David r. Francis and Louis Perry, direc-
tors. winthrop NJ. futile. son law OF
John Searles. Senator Jones OF Arkansas.
Stuyvcsant Fish, president OF the Illinois
Central railroad y. p. Mcdonald, director
of tho Missouri. Kansas and Texas
railroad; Bart Moore OF Waco Texas. and
others are interested. There is 4 branch
Office in ST, Louis, of which Mr.. u. c.
Ball of the Ball. Warren Commission COM
pany is manager. and Louis Perry is as
sistant treasurer.
The signs are that the coming trust Is
the American Cotton company"
This is the announcement made by the
Textile American, in its last issue. a paper
devoted to the trade and published In New
York City.
Its plans" continues the paper. ARE
as wide as the name. and point to single
medium for transferring the American cot
ton crop from grower 10 shipper. 1t Is n
New Jersey corporation, dating from
March, 1896. having capital stock Of S.
100000. Of which one-halt is preferred.
Edgar H. Marston OF Blair & Co, Wall
street bankers. when asked for an opinion
as to the Significance Of the American Cot
non company's plans. said;
II look upon the scheme as having the
same meaning for the Gotten trade that the
STANDARD oil company had for the petrol
cum industry. The economies proposed VIII
affect all related interests from he grower
clear through to the consumer OF cotton
cloth. My experience In the Southwest en-
ahles me to judge accurately as TO the Of
feet on the transportation interest, The
railway people must OF necessity favor the
advance, understand that hardly more
than one half the present storage room will
toe required for the shipment of cotton to
Europe. The saving on the side Of insur
ance will affect all interests favorably.
Taken whole the enterprise has the
Orotoundest meaning"
Louis Perry, local treasurer OF the Amer
lean Cotton company, said OF his organi-
cation:
1T is not trust. any more than any
other company organized to sell patented
machine and process. WHAT Is trust
anyway? The newspapers are curiously
engaged these days In talking about trusts
probably because they have nothing else
TO do. The New York World, the other
day. had an article headed, Putting
Shackles on Cotton or something of that
sort. The output of cotton for this year 4.
estimated at 1000 600 bales, which. at S35 q
bale. would mean 1915 COO 900, Well now
we shall be doing a very large business II
we get 1000 900 bales under the cylinder
process. You see. therefore, how absurd
the proposition is that we are projecting a
trust There are congresses all over the
country, but We do not propose to buy amy
of them We are engaged IN a plain bust
ness enterprise. without any fancy trim
mings, S, A. Knight. who controls one OF
the largest cotton factories in the country
has told the Associated New England Cot
ton Manufacturers that the new cyltndri-
cal bale bids fair of itself to solve the
problem of through transportation. Under
the old system one car will hold but fifty
bales under our patent process one car will
hold $50 bales. of $50 pounds each. In
other words. every car will perform more
than double its present service"