The Aberdeen weekly. [volume] (Aberdeen, Miss.) 1878-1933, 1903-08-21
Singular inconsistency.

The denunciation of the meth
DDS Of the Southern bull clique
that has been in control of the cot
ton market this summer by many
Northern papers, is one of those
peculiar exhibitions of the incon-
sistencits Of human nature. These
papers denounce the methods by
which the New Orleans clique has
come into possession of practically
all the available cotton and threat
IN that such methods may result
in Congress taking a hand and
suppressing the sort OF manipula-
ton that renders the existing con
dition of the cotton trade posi- BILE.
All this is subIimely ridiculous
coming from papers IN the very
h Jme and center of future" deal
ing, where corners, squeezes and
manipulation of all sorts are of
IaiIy occurrence. For years New
\ ork has been able by the manip-
uIatiOn of "A few thousand bales OF
certiticated cotton TO control the
cotton market and dictate prices
although New York has not the
slightest claim to be considered d
market for actual cotton. To sucl
al extent has this sort of manipU
,atiOn been carried in New iorh
that the cotton market was squeez
In the very middle of the winter
season, resulting III general de
moralizatIon of values. That was
manipulation with vengeance
ct our Northern porarie.
/ d not deem 1t proper to cal. npoI
I Congress for relief. These specu
ative operations of New York hay,
cost the South millions of dollar.
~ the past, but now that New IorI
il having a litile taste of It's OWL
me Iicine, tremendous howl i:
relng raised about manipulation
methods dangerous to trade, ant
/ he like.
The trouble is that New Yorl
md the East generally are losinA
money to. the South this year, ano
/ ar neigh bOrs do not relish the eX
Jerience 1t was all very well -
long a. the South was paying tn,
bill and permitting itself to b.
/ heeced, but now that the tables arr
u1neh and our friends have beer
ompelled to take dose of theiI
)wn medicine. they are maxim!
WY faces and raising great out
ny. 1t all depends on whose o.
gored.
Granting that prices for cctto.
re now higher than they nav
been for years. and that our South
.ern interest have protited in
nensely thereby, il is by no mean
fact that the existing high rang
# values i due solely to manipu
alton. There exists "a cotton fam
~ at present such as has not bee.
| Experienced in many wears Thu
scarcity amply justities the price
chat have prevailed, and il is sui
timely ridiculous to no 81 abou
manipulation. If our Norther
contemporaries would devote som
)f their space to ventilating Wa
Street methods and the vast WI
ering Of stocks that goes on In th
metropolis. they would have les
ime TO devote 10 diatribes agalns
he New Orleans cotton clique.
| Congress must be called on, the
,sk for an investigation Of Wa
Street methods. Cotton may nc
BE- worth all that is demanded fc
4, but it certainly is worth With
small fraction of the quoted ti9
res. Can the same be said of I'll
great mass of stocks traded in o
Wall Street? Many of such sect
rites represent not one-tenth {
heir face value In actual propert.
Let our Northern friends be COZ
.istent therefore, and investigat
abuses nearer home before veI
turing to say unkind things {
thsir neigh bors .-Tupelo RevieN