The Montgomery advertiser., 1904-05-11
THE COTTON INDUSTRY
DEvELOPMENT REVIEWED B1
 MANUFACTURERS RECORD.
This section win csatinne to Hold e Practical Monopoly of the Pro- auction of the F1eccy
 staple.

of the annual meeting of the American Cotton ManufacturerS Association which will convene in Washington on wednes- day and Thursday of this week. The Manufacturers Record Of this city re- views the development of the cotton in- dustry in the United States. and presents also sonhe broad, general estimates of the magnitude of the cotton manufacturing industry of the world Writing three quarters of century ago and referring to the development of the cotton indus try up to that date. and especially in his own country. Great Britain. McCulloch said:
 Tt has contributed to raise the British nation to the high and conspicuous piaca she now occupies. Nor Is 1t too much to say that it was the wealth and energy derived from the cotton manufacture which more us trimumphantiy through the late dreadful contest. and at the same time that 1t gives us strength to sustain burdens which would have crushed our fathers and could not be supported by any other people,"
 Opening It's review with this quotation. The Manufacturers Record says:
 Such was McCulloch's estimate three- quarters of century ago of the supreme importance of the cotton Industry to Great Britain. Vast as was its influence then, every year since has seen an in- crease in it's importance and its power upon the commerce and the finances of the world. We are accustomed to count the iron and steel interests the greatest of all human industries, but cotton, King Cotton, it may justly be called, has right to dispute the supremacy of iron and steel The total value of the iron and steel products of the United States in igo0 was MOO, 900. Mir. James M. Swanlx of the American Iron and Steel Institute, in an estimate made espe- ciaiiy for the Manufacturer Record, puts the value of the iron and steel pro duct of the rest of tho world at 500, ,o0e. : oOe us total Tor sfesysnrfh ef si .7ce 010 ;lloe
 In cotton. as ip Iross steel It Is is1s- possible to give pagliinE but broad, ap- proxinate estifnasss Of the value of the worlds product but q conservative esti-
 mate based on known values in Great Britain and the United States puts the total value of the worlds cotton goods at over s2.OO0. .000.oo0
 eff we should include the value of cot ton seed products and the kindred i'm
 terests connected herewith, 1t would be
 found that the South's cotton crop alone g. 900 000.0O0 a year in cotton and cotton seed output In the estimate of the iron and steel interests it Is not, of course, intended to include the finished product such as machinery. but simply the value of the output of furnaces. steel rail mills, forges. blooming mills, etc, or what may be called the primary form of the iron and steel industry. 1t does, however. include the cost of the coal and iron ore which so into the manufacture of the iron and steel.
 tgf. goods is estimated on the basis of the
 value of the product of cotton mills and does not include several billion dollars invested in the production of cotton, the hundreds of millions invested in the machinery for handling cotton and other hundreds of millions invested in the manufacture of machinery for cotton
 mills. Taking 1t. therefore, in the broad est scope, 1t Is probably fair estimate to say that this is the worlds greatest
 manufacturing industry"
 Referring to the growth of cotton manufacturing in the South from 1,T00.- | GOO spindies in 1890 and 100000 in 19p0 to over sOOO,OO0 in 1904. The Manufacturers | Record. pointing out that this Is simply | a beginning, says:
 'In doing this the South has found ! its strong points as well as it's weak | ones; it has found that 1t can build on a | solid rock when it unitss labor. capital. | good business judgment and good loea- | tion, and 1t has found that without any | one of these a mill will rest on shifting | sand and be likely to go down in the ! first financial storm. In developing this | business the South has developed experi- | ence in the counting room, in ! the superlntendent's office. as well as in the mill operatives. With this l | the broad development on safe lines
 of the cotton industry. The South re- aIizes that there is room enough for all. 1t knows that 1t can not safely push this industry rapidly enough to monopolize 1t, for if its growth only keeps pace with the increasing con
 sumption of cotton goods this will be
 as fast as 1t could well be handled
 without unduly taxing the available supply of labor and capital Europe
 and New England may continue to hold
 their trade as at present. but the in-
 creased production to meet increased consumption will be in the South"
 In a comparison of the cotton spin dies of the world 1t is shown that be- | tween 1S0l-92 and 190l-02 there was a growth in all other countries than the United States from 75.175.000 spindles to ss1000O0 spindles a gain of 11.00O,- 00O and in the united states an tn-
 crease from f5.200.0 900 spindles to 21,-
 ,OO. or a gain of 6.2OO,O 900. This gain of 6.20O. 900 spindles in the United
 States was at the rate of 70 per cent
 while the gain the rest of the world
 was 14 per cent. In the South the in-
 crease was 4.45O,O0O spindles. or 22s per cent. against an increase of only $50, 900 spindies or a gain of per l cent, in Great Britain. Since I90C there has been a gain in the number
 of spindles In the United States of ap-
 proximately 20 per cent, mainly in the
 south, giving this country now in
 round numbers about 23,OoO.0OO spin
 dies of which 5000, 900. representing a capital of between 175,000.000 and s2OO OO0. 900. are in the Southern States
 In closing this review the Manufae- turers' Record says:
 ''There are about 11OO0O.O0O cotton
 spindles in the world, and about three | fourths of all the cotton used by them comes from the cotton fields of the