The Savannah morning news., 1903-09-02
MILLIONS INCREASE
IN GEORGIA'S PoCKETBOOK FROM
COTTON PRODUCTS.
CROP IS UP TO AVERAGE
SAYS PRESIDENT EGAN OF CEN
TRIAL OF GEORGIA.

Yield VIII Be Some Larger Than
Last Year-Incrense I'm Price o Ot
Staple VIII Increase GeOrgi"'s
Revenue From This Source $780,
100000 over $7S,OOO,OOO win
Flow Into Pockets of Georgia
Planters if the Present Prices Pre-
vail Through the Season.
President John NJ. Egan of the Central
of Georgia believes that the cotton
crop in Georgia this year will be in
excess of last years crop.
President Egan has recently returned
from trip through Georgia and noted
carefully the condition of the crops,
and he said that without any excep-
ton, they are equally as good, and in
many cases, far ahead of last years
crops. There is little damage by the
caterpillars, he said, as the farmers
have mostly got rid of the pests.
Il have been pretty we'll all over the
state in the last few weeks" said Mr..
Egan, "and I feel safe in making the
statement that the yield of cotton in
Georgia this year will be larger than
it was last year. The last few weeks
have been most propitious for the de-
velopment of the crop, and it is open
ing rapidly. The planters are straining
every effort to get their crops market
ed as early as possible. hardly think,
however, the rush to ports will COM
mence as early as is expected. All of
our mills at home are out of cotton,
and have got men stationed through
out the state buying the new crop as
fast as it is brought in. 1t will be a
week or ten days before they have Sc
cured all they desire for the present,
and then the bulk of the early crop
viii be thrown on the market and the
greater part of it will be exported.
Big Increase in Receipts Here.
Il think SaVannah's receipts this
year will far exceed any former years"
continued Mr.. Egan, and we have, as l
notice the other roads have done, made
arrangements to handle all the cotton
that can be brought here, and can
safely store it. We have made extern
slVe improvements in our storage
sheds, and have nearly doubled our
capacity for housing cotton
President Egans opinion of the
amount of cotton that will be raised
in Georgia this year is supported by
the statements of all who have taken
trip through the state and have
made any examination of the condi-
ton of the crop.
$30,OO0,OO More, Than Last Year.
The yield in Georgia the season Just
passed was something over 10000 900
bales, which was sold at an average
OF ~ CENTS AT that price and with
the yield a little off, considering the
increased acreage, the farmers pros
pered, and the country generally was
IN better financial condition than it
has been in years. Collections were
good throughout the South, not near
ly so many mortgages were-in exist
ence, and former troopers became pro-
prletors of their own places. With the
present prices, and even with a yield
that is little larger than last years
the cotton crop in Georgia will bring
over $50 100000 more than it did last
year. This vast fortune distributed
equally between every man, woman
and child in the state would give each
one SIS extra spending money, and aft
er that amount was spent there would
still be plenty for all in the remaining
millions.
Total Crop $7s,OOO,OOO.
The amount of money that will be
brought into Georgia thro, gh this
years yield, calculating that the pres
ent prices will prevail, will be in the
neighborhood of $7S, 900, 900. This money
will go direct into the hands of the
planters, which means that it will be
IN circulation. This great increase will
be of untold benefit to the state, said
well-informed business man.
Business in all branches will be slim
ulated. Mortgages that have been car
rled from year to year will be paid
off Notes that have been renewed
from year to year, growing larger with
the accumulated interest, will be fin
ally retired, and few indeed will be
those who enter into the next year
without a clean slate.
SeabOard Prepared for First Con-
signments.
Superintendent of Terminals Martin
of the Seaboard Air Line has every
thing in ship shape at the terminals
across the river. The big presses have
been overhauled, the wharf floors re-
paired, the hundreds of trucks put in
order, extra ties placed in readiness.
and crews engaged to take charge of
the first consignment of the staple that
comes here to be prepared for it's trip
across the ocean. Supt. Martin saws
that he is ready to start the presses
at an hours notice.
Il expect the first consignment to
arrive the latter part of this week"
he said yesterday, and as soon as it
is received here it will be run through
the presses and loaded on the steamer
that will be in waiting. We have made
preparations to handle the largest
crop ever brought to Savannah, in
creasing our storage facilities and
working forces to meet every require
ment."
Five tramps now lie at the Atlantic
Coast Line wharves ready for cotton,
and one at the Central wharves.
AaHr