The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1904-07-27
Cotton Not Too High.


Baltimore in its July issue Gays:
For many years the vaet Gaaacial
interests in Europe and the North in
terested in cotton manufacturing, as
well as most Of the cotton spectators
in New York, have combined to beat
down the price Of cotton, having 70
interest in the welfare Of the South,
and no concern as to whether South
ern producers became impoverished
by low prices or not. These bear
spectators, whether they simply be
the bear" operators on the cotton ex-
changes Of New York and Europe or
the bear manufacturers who could
make more money out of low price
than out Of high price cotton, have
used every power at their command to
create the impression throughout the
world that the high prices OF the last
twelve months have been unjustiGed.
claiming that they were due to gam
bling operations Of Mr.. Sully and his
associates. Even Secretary Wilson of
the Agricultural Department went out
of his way last summer to deuounce as
gamblers the operators who were fight
ing for high.prioe cotton for the
South, leading spinners not to buy un-
til prices could be hammered down.
When By the combined influence of
these great operators, who are the
worst gamblers that have cursed the
cotton trade, Mr.. Sully was whipped
out, they won victory against the
South which has already resulted in a
movement for still lower prices. The
department at Washington seems to
be working somewhat in sympathy
with the "bear' gamblers in trying to
convince the public that Europe is go.
ing TO become independent Of the
South for its cotton, and the papers Of
all sections are flooded with false re.
ports about that situation. The fact
that mills in New England and in Eu.
rope have had to close by reason Of al
actual shortage of cotton in the
worlds supply is held up as an illus.
tration of the disastlou effect Of the
"bull' movement in throwing opera
tives out of employment. Great care
is taken to avoid telling the actual
facts, namely, that mills areclosed be-
cause cotton capuot be had, the supply
being practically exhausted, and equal
care is used to avoid pointing out the
fact that while some thousands Of ope-
ratives have been thrown out Of work
for few months by reason of the
closing Of mills, on the other hand,
high-price cotton brought millions Of
cotton growers out OF poverty into
comparative prosperity. The tremen-
dons fight made by Sully, w. p.
Brown, Frank Hayne and others last
summer and fall agai the combined
influence Of the United States Depart.
ment Of Agriculture and cotton "bear"
gamblers in mill managers and spec
ulators against high prices forced the
price to point where the farmers got
the benefit Of the advance early in the
season, and gave to the producers Of
the South $500, 1000, 900 for last years
crop, against 1926, 100000 for the
crop Of 1898, the largest ever pro.
duced.
To-day the same tactics are being
used as heretofore to break down the
price Of cotton. Every effort is being
made to create the impression Of au
enormous crop, simply because Of
larger acreage. The uncertainties Of
tie weather. the lack Of sufficient lat or
to properly cultivate o large acreage
and the still greater lack of labor in
picking large crop are ignored, and
already reports are being sent broad
cast of possible crop Of $4,000, 600
bales. This is all done for the pur-
pose Of breaking down prices during
the summer in order that the mills
and the gambling operators on the
"bear" side may be enabled to buy the
new crop at low price early in the
season, that they, and not the farm
ers, may reap the benefit of any ad.
vance later on,
KILLS GERMS OF CATARRR.