The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-07-03
COTTON AND IFS FUTURE.
An Address Delivered Mt Waco
r. s. Peters.

An Address Delivered Mt waco y
!. r. s. Peters.
The following address was prepared Z
Mr.. E. S. Peters for the Texas State Ri,
Estate association convention at Wa
Texas, June 10 and IA:
The subject assigned me is one OF gs9
importance to Texas at this time. d.
State being the largest producer Of iis
important staple, making one third n
Americas crop, we are more inteNsss
than any other section. The future Of 81
| ton is not bright al present with the OIL
Of cotton below the cost of produc;!st'
There are two reasons for this-one Is b.
overproduction.
| Statistics show the crop OF 1sS3-si y
| l,54s,Sl7 bales, at an average price OF I'D
brought S292. 1882, 900, while the crop {,
1s9S-99 of 1900, 900, at an average D.
Of cents, brought about $4,000, 900 NJ
thus showing we lost all labor, rent, wat1
etc, on 3,500.000 bales OF cotton. 81
Another reason is, a set OF men on q:
exchanges OF NV York, Liverpool OK
New Orleans can set price on our cSs
By simply making chalk marks or n
blackboard or, in other words, ssI1sSii
fictitious or paper cotton In compesiH5s
with the actual stuff =
With two causes eradicated the iutuA
Of cotton and its producer will be 81
siderably better 1t also has its bLfr
side, all indications point to better tlr
This year the acreage has been cori1'
erably reduced by larger acreage has
planted in wheat, corn and other g1ge
and also general planting of Alfalfa III
other feed stuffs to be used in feet;
stock. IA
AS to the wiping out OF the stock -
bier that is a matter of legislation. IS
There has been a great stride mad n
the better baling and handling OF copE
on cheaper and more economical ba
The standard bale people and all ina
ested are making every effort to impA1
the present package to a uniform sin
24X54 and are recommending the use
heavier and better bagging and ties, d #
enabling the compress 10 turn out supe1 j
packages Of grece5r Density than ever -
fore. The reports show that the standEl
bale of 2ix54 now has an average denf
OF about thirty-five pounds and are u
enabled to secure better freight rats
There are at present two round-hA4
companies, the American Cotton, reirtn
scented by Mr.. Searles of the sugar tt.
",
senting the Lowery bale. both OF wiz
are getting out very neat packag. q
cotton for shipment. They are now ints Il
ducing these presses quite extensively, Nv;
there is one material drawback to Ia.
system. They do not sell their preas--ss
only lease them, and the farmers are atrfot
II they succeed in building up a buSsser
II Will be fostering a monopoly or n118j
mat VIII eventually place the produce ltal
their mercy. as they will be able to con-
the price of seed cotton to be paid Az
farmer, also the price OF lint But NJ
every dark cloud has its silver lining W
this gigantic monopoly has Its. 1s,
! am reliably informed that at this We
there is a company, the Fuller Manub53
turing company OF Memphis. Tenn. ~.
nave a round bale cotton press whicl II!
superior to those already on the marie
when they propose to sell direct TO a.
sinner, so II they wish they can buy y
presses the same as any improved cotT.&
,
Al any rate, whatever style of pack'51
whether the 24x54 or the cylindrical u ~
hat is to be the future model package MA
'otton and all interested will be henet1s;ls
" II. Taken altogether 1t is genefi*
Omitted that the American bale Is 3S,
'iumslest, dirtiest, most expensive 49,!
post wasteful package in its present o'tsss
lltion, in which cotton or, In fact, ~ A.
commodity OF like value is anywhere ~
p. &1
There is one great interest In cotton VI "
very important, that is the seed. Al
resent time there are about one hunatgS
otton seed mills In Texas. and assHU
hiriy more in course OF construction -
MI be in operation to crush the pref
rop.
The future OF cotton depends more }3
urselyes than any other The necen
pr factories In Texas can best be ul56
rated by the State OF North Carolina vsS1E
1870 they had thrty-three mills;
l, and 1898. 1850 cotton factories and W.
er capita wealth has increased $50 81
$50 to 1890. 4
The value OF the product OF the coy
nils has Increased from $4,000, 900 IN
s2O,000,0O in 1898 But these act1
lated evidences of the States prOspe
nd wealth will only need TO attest 70
alue OF cotton factories In Texas.
meeting as this Of the representa-
zen OF different callings and profession
ecessary to call the attention OF capps
rs to the inducements offered by
" investment in cotton factories "
unlimited supply OF cotton can De
minimum Of cost H.
Cities like Corsicana can offer nats
Is for fuel ana Calvert an unlimited 81!
y OF Ignite at the furnace door a.
W price, and Austin with her
'wer, all willing to take stock In pY
fact, the future of cotton In Texm 3
mas on the number OF cotton fac~'
ected in the State