The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-10-23
FALSE 0vER-rRODUcrlON cKY

Laredo Times.
Inc Galveston News says. ut Is xettlnp
go mat the more cotton farmer raises N =
poorer Il makes him." This is not tho view
vi Inc Houston Post THAI paper insist
mat II makes no difference whatever ho,v
lnuch or how little cotton is grown, supply
aug demand cut no figure In the market
price either at home or abroad Congress
IKE, ,,s Or can advance the price OF cotton FOR
europe, Asia and Africa as well as for
Anierica by flooding The country with
cheap money Diversified farming docs mn
eeem 10 commend itself to The Post as a
remedy for Accent cotton so much AS Ma
ttonal leglslation.-San Antonio Express.
the above is either willful misrepre-
sanitation OF The Houston Post. else the
winter OF The paragraph is exceedingly
thick-helded, and NO doubt It is the former
as the Express has been sailing editorlu ly
unuer iaise coiors and prao.lciGg decep on
anu misrepresentation on political mas
uons SO long that 1t can't help II. In facr
inc EDITORIAL columns of the Express dis
W.T. ana misrepiesent political Questions 81
nhuch mat one would have 10 spend guod
part Oh ms time If he undertook to coirect
.,ienI all. thence 1t is only occasionally that
tno .lies taxes them in hand. The Houston
As<.' AS'Si ihSloltu Inlt Ill makes
uiHefence whatever how much or how H..
le cotton is grown, and The Houston Pest
mas never said that Supply and demand
cut no inquire in the market price either Mt
nome or abroad" Here are two direct
charges against The Houston Post which
the editor of the Express must have known
were false when he wrote them 1t ia the
principles involved that causes the Times
70 take up the cudgel, not because OF be-
4 llHtlnP
apuInantly able TO defend itself. for ITS
ability and principles are as far superior
10 those or the Express as daylight is SUI
perior TO Darkness. On the point that it is
settlng so the more cotton a farmer raises
the poorer he gets, The Post agrees with
the Galveston News and San Antonio Ex-
press, because it does not pay TO roise COT
ton at the present price, but the two latter
named papers contend that oyerproduction
| is the GAUSS of the low price of cotton.
Whlle The Houston Post contends that the
cause is not overproductlon, but undercon-
SUMPTION resulting from the effects of the
goId standard making money scarce among
ire masses of the people throughout the
world, and The Post has shown by indts-
putabIe statistics that there is no more
cotton produced In the world today in pro-
| portion to population than when cotton
brought double the price 1t ds now selling
/
lndispub2ble statistics that the price of
cotton has averaged as well In years of biz
crops as in years OF short crops thus clear
| ly showing that oyerproduction Is not the
cause OF the low price. or course. notwith-
standing the scarcity Of money among the
! masses of the people and the consequent
I underconsumption Ia the cause of the low
price of cotton the staple could be raised
In price by every cotton growing country
| In the world reducing the acreage one-half,
but 1t Is safe to say that, although Texas
raises more cotton than any other country
! If the farmers OF the State refused to pro-
duce a sirgle bale, the price would not be
affected bw. very little, If any There Is
not doubt that the masses OF the people
! throughout the world have economical
more in the years since 1873 than in any
! former period, because of being compelled
to do so from the effects of the demonetiza
! ton OF silver, and when 1t takes about all
that poor na'n can mako to buy some
I thing to eat, he will be sure to wear the
/ same old cotton shirt as long as it viii hanq
together. The Galveston News, San An
| tonic Express and all the other goldbue
papers are continually harping on over.
/ production. because of desiring TO create
/ the impression that the demon etrzation Of
silver has nothing to do with low prices
ard there is not doubt that they know
/; better we'll enough.