The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-07-25

York cotton exchange Is the most fraudu.
lent ana iniquitous system ever perpetratcd
/ upon any people. We are powcrlcss 10
coutrol the market OF our cotton SO long ns
| tate prices. We should have our chief ca.
chnnge In the South and unless the New
herk exchange agrees TO do a legitimate
business we should Insist upon our south
ern exchanges refusing TO receive or quote
prices from the New York exchange We
are fully able 10 manage our affairs and Il
who never saw a stalk OF cotton. should
staple 1900 miles from our cotton fields
FUTURE OF COTTON.
Fifty years ago the world consumed only
S,poOoO bales Of cotton. today u requires
for annual consumption, fS.OOO.OOo bales
an Increase of over zoo per cent In half n
century At one time wool fax and silk
Were active competitors, but this compe.
been perfected which will make cotton
goods nearly rs warm as wooden. as cool
as linen and as fine as silk, Cotton today
occupies peerless position In the trade Of
the world and II more king today than at
any time In It's past history The South
furnishes two.thlrds Of the raw cotton OF
the world, and she win always control the
cotton market of the world. Nowhere else
ON the globe are those three essentials
necessary In the cultivation Of cotton, soil,
ram and sunshine, So nicely blended ns
here in the South. There are today los.
NhtNn Spindles In operation, the South
furnishing enough cotton TO keen In con.
slant use I5V0,Ooo spindles, OF this mum.
Der about aNm,Nn snindles are located
In the South, hardly per cent of the cot.
ton manufacturing Industry OF the word
Tho European nations win always look to
the SOUTH To- the raw mUterial necessary
to furnish clothing for their people. our
cotton trade Is fast entering the territory
q the Asiattc nations, where more than
HWeoNOpO people await the Introduction OF
onr cotton goods TO receive them for con
sumption. The construction OF the Mica
raugra canal Will open gateway for our
magnificent staple among these people and
speedy construction OF this canal which WIN
unite the waters Of the gulf with the Pa
enc and make us. independent OF Wall
We must become independent Of the die.
tations OF Liverpool and the rulnOus work
OF the speculntor. Through Mr.. Neils
South lost over 500 OoO, 200 two years ago
When We consider that n difference Of only
- cent pound on crop of l2,00O,o0O |
bales means a gain or loss " SS0,oOO, 900
losses inflicted upon the producers when
selling the crop for 3 or cents per pound
less than Its true value Thousands of |
farmers were sold out and lost their homes |
when, II they had received the value Of |
their products, debts would have been paid |
aud happy homes would not today be blast !
ed and disconsoate, If no effort Is made |
to secure a living profit on the product OF |
nur labor thousands of farmers viii con |
tlnue to 20 down under low priced cotton, |
There Is an enormous proht In our cotton |
for all those who handle the staple after |
Il leaves the hand Of the producer, and ! |
contend that the producer IL entitled TO MS |
legitimate Share OF these profits. The pro |
1ucer Is the creator Of NIL wealth. The |
consumer creates no wealth, he speeulntes |
with the money put IN circulation derived |
from the sale Of our farp products and, by |
exercising good business Judgment, makes |
success IN whatever avocation he Is en-
gagged. Cons Dlidatlbn on Tie part of the |
cotton producers Is absolutely essential. |
Cnwuvcf'iug confidence In the strength OF |
lur position must be maintained at every |
hazard With united home support aud |
and being tire pOssesSors Of the |
'aw mpterlai, which the world must have |
md for which the world viii pay, oar sue
cess win be overwhelmingly assured ask |
you n the time has not yet come to put |
BIT IN the mouth of the speculation Rise !
n the majesty of yonr strength and, with |
'ull confidence 10 your power and ability, |
lurl from your shores the foreign hlreling |
IF British gold. who, with figures faisi0ed, |
would rob the producer Of the profits OF his |
ahors Give New England 70 understand |
hat the cotton which she wants and must |
rave IL in our possession and that when |
the oilers fair price we viii invest the |
itlc OF ownership In her spinners, but not |
,efore. Assert the manhood of your grand |
I'D forefnthcrs and, with that spirit Of |
ustness and fairness, demand your rights |
md with fixed and nnalteruble deter
ninntiOn maintain them