The Montgomery advertiser., 1904-01-16
|SULLY N0I \ MANIP ULA ATOR
  Says CettOn'ss Advance Was Natural. BIGGER CROPS EXPECTED Hayne Predicts 15,0O0, 900 Bales a Year. Leaders of Bull Campaign Guests .cs the Progressive Union of New
 orlsans-Brown unable
 to Be There.
BIGGER CROPS EXPECTED

New Orleans, Jan. 15.-Under the aus pices of the Progressive Union, repre- sentative meeting of business people. in which the cotton element largely pre- dominated, listened to discussion of the cotton problem tonight with President AZ Brittin, Of the Cotton Exchaugo. and Dan l.. Suliy of New York and Frank Bs Haynes, leaders of the bull campaign, as the speakers. w. F. Brown was unable to fill an engagement to participate.
 Mir. Brittin contended that bull cam~ paigns were not S.sponsibIe for prcvail- ing prices.
 No cotton king ever added a cent q pound to the price of cotton, said MT Bfittin. "The memorable law of supply and demand is alone responsible for its fluctuations. Cotton is high because the supply is short. Production has not kept pace with consumpt.on.s
 The boil weeviI. MT. Brittin said. alone stood fin the way of an adequate supply.
 Ultimately too. the South would raise all the cotton required by the worlds needs.
 Mir. suIIy's reception was unusually cor. dial
 T disciaim what some have deaIgnated as the honor of the world wide fame through such manipulations of the cotton market as result in fortune to myself and misfortune to others" he said Whatever good fortune may have come to me and such others as have been in accord with my views iss not the result of manipulation, but the legitimate pro- duct of recognizing existing as well as natural conditions"
 The progress of the nineteenth century is being extended with constantly ac- ceIerated movement and gives promise of gathering in it's fold all humanity, he
 said. It was within this sphere of de. velopmefit that Iie most wonderful and marvellous opportunities for the future ! The worlds demands tor supplies Niye I nromiae Of steady and cpnkinNpnH w crease. We have already reached ataNe i where it is in need of 12soo0,0o0 bale erp8 I of American cotton. fl l MT. sully. thought the South had F5st I received such value for It's cotton aa Enc | existing labor conditions Justify. | Mir. Hayne spoke of the effect ok tho l enhanced value of cotton had on tho pros | perity of the South. From the 1abor3z
 to the capitalist, from the barikeJeper StC the clergyman, no one living in tae South
 had failed to derive some benefit. Whea cotton was at 6 cents the srngll farmer | was no better of than his lalSorer. His children were in rags and has wife and daughters gathered the crop. His lands went for taxes. He sunk more and more deeply into debt. High priced cotton had filled the banks with nio1ey, had wiped out mortgages had fattened the farmers s | purse and made the South more prosper- ous than at any time in its history.
 Mir. Hayne said he would hate to feel
 that this prosperity was at the expense of the mills. Their misfortune was only
 temporary. As the years roll by the
 South will consume more and more Of it's cotton and high priced cotton. which naturally means high priced goods. will
 bring more prosperity to the mills than | low priced cotton. Mir. Hayne said he
 expected to see the South raise l5,Oo09ae 1 bales of cotton a year. -rP