The Aberdeen weekly. [volume] (Aberdeen, Miss.) 1878-1933, 1904-01-22

New Orleans, La, Jan. 10. 10
night several hundred of the lead
ing business men of New Orleans
and probably fifty Of the veal
thiest cotton planters IN the South
listened To story OF the Suiiy-
Brown Hayne bull cotton cam
paign of last spring and summer,
a. related by these gentlemen
themselves. The occasion was an
informal" held in the rooms OF
the Progressive Union and Daniel
j. Sully Of New York was the
guest Of honor. Several interest
ing talks were made. the theme OF
AL being high priced cotton and
the bearing it is having on South
ern progress and prosperity. Pres
identaBrittian OF the New Orleans
Cotton Exchange and Messre
Brown and Havne talked OF the
wonderful prosperity the South
has enjoyed since the value OF cot
ton has increased, while Mr.. Sully,
who has only lately cast his lot
with the South, read a carefully
prepared paper. going deep into
the subject Of the causes which led
up to the present level OF raw cot
ton values and the causes which
will contribute 10 uphold this lev
el. Increasing demand and de
crsasing supply and deterioration
in the productive quality OF cotton
seed were, of course. behind the
high values. but there IRE many
ramificationi of which the public
yet knows little or nothing. In
Mr.. Sully's opinion the South,
and the cotton planter in particl
lar should keep fully informed Or
To supply and demand, and he ad-
vocates extending the channels OF
information in order that the PEG
pie may be- fully informed. DE
pointed out the rapid expansion OF
the worlds markets, and added
that We have already reached a
stnge where the world is in need
of 100000 bale crop of Amer
lean cotton. Recent events,
notable most remarkable period
of strikes and labor troubles have
crippled the resourece of the peo-
pie and this is an important factor
in the recent trade depression and
restraint upon the market. The
purchasing power of millions oil
our people has been reduced tn
point where economies are com
,N,,l-nrx. Eha,. anil thar cQn~pS
have combined TO delay an advance
i'm the price values OF cotton
goods to correspond with the
higher values of raw cotton HI
traced the scores of new require
ments for cotton. all OF which u
lustrated the strength of the cot
ton planter and assured good
prices for years 10 come.
While / am of the North and
my property interests are there.
and. | trust, my friends whose in
terests. as we'll ~ my own. | feel !
IL "A bounden duty to regard. yet l
am free to confess that after care
full study of the question through
a period of several years. l have
gradually come to the conclusion
that there is very much that is
wrong" said Mr. Sully, This con-
dition was one of the dominating
factors in the determination of my
judgment and action in 1902. l
am impressed that the South has
not received such value for it's cot
ton as the existing labor cOndit-
ions Justify. The causes lie far
back in the past when the South,
through a sad misfortune. WAS i'm
poverished. Its opportunities for
a long period were limited in the
employment of its labor. Th,.
fundamental conditions resolved
the question into simple matter
of a struggle. for existence. These
forces became crystalized. The
struggle has necessarily and very
naturally been continued upon
lines similar to all business until !
means were available for the re-
moval of the disintegrated ell |
ements. This condition appears
now to have arrived and the soon.
er it is recognized the better will
be- the results e. all concerned.
Mr. Sully pointed out that the