Daily Kennebec journal., 1904-05-12
OUR RESOURCES.
Timely Address by Secretary
CorteIyou at Washington.
United States Supplies Three -fourths
ofWorId's Cotton.
Commerce Department Ready to CO.
operate With Manufacturers.


tclyou, today, addressed the eighth
annual convention of American Cotton
II Manufacturers as follows:
This country produces three-fourths
Of the cotton of the world. 1t has 4
much larger available coal supply than
any other country. 1t has shown itself
capable of producing the most inSrh-
ious and most successful machinery It's
! transportation facilities and its oppof-
tunities for supplying it's products in
the manufactured form are unsur-
PASSED. Cotton manufactures are re
/ quired by Il larger number of people
than perhaps any other single article
of manufacture. Only one other great
class Of mnnufacturcs-iron and steel
compares fIvorably in value with them.
They form an important part OF the
worlds population. The demand Tor
| them is Weil-nIgh universal.
| Up to this time the cotton manulac-
| turcrs of the United States have been
oct upied almost exclusively i'll supply
| ing the demands of the home market
| OF the $500, 900 900 worth of cotton goods
/ manufactured in the United states III
1860 over 500, 900 OG0 worth were sold In
| the home market and only S2J,00o o,UOo
! worth were sent to other countries.
| With the progress which American
manufactures Ar. now making, how
! c.cr, in their uoWor to transform raw
/ cotton into the manufactured article.
! and to do this in competition with
| countries having lower priced labor, 1
! feel constrained to congratulate YOU
lIpon the opportunities which await you
! in extending Your Industries to other
| lands while maintaining your control
| over the home market.
! The value of cotton goods imported
J into the various countries of the world
/ amounts to more than 5000 0O0O 900 am
| nually. or practically double the value
ur The cotton manufacturers of the
L I'nitctl States in 1900. So it may be
\ said that the field which is before you
7, i'll other countries is almost unlimited.
\ These facts. il seems to me. are worthy
If serious consideration by the cotton
Il manufacturers Of the United States ana
| iy al who desire 10 see American man
ufacturers supplying the markets OF
| the world. Our cotton mills manufact-
III "a less than 900. 900 bales of cotton
| in 1870: only 200000O in 1850: about
| 800 600 bales in 1890; 3.500,00O bales
| in 1900, ana over 4.0OJO0O in 1902. In
| -. III. ,.',,,.,I1.. t,;x.,, ~.;(.a
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