The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1905-02-08

III
various eansag, such as sales for gutuge
delivery on she aevsral exchanges Of
Americs and Europe. Cotton is low
ia price by reason OF one cause and
one cause only. Remedy or remove
that cause and values will go up With
. boand irresistible to the combined
short selling OF all the tbears'' on
earth. You have but to ecaa the re-
cords Of the two years past to abun-
dantly prove this. Mol Values OF ell
earth's great products are regulated
By an Interchangeable law OF supply and
demand. All the records of the past
confirm this statement and challenge
contradiction of the verify Of this
stubborn fact. Ii has been thus in
the pas. and will SO continue ti!l time
ahsll be no more. hIan is utterly i'm
potent to more than ten porarily arrest
the operation of this economic prin-
ciple. tits natures law, God law,
and You might as we'll attempt to dam
up the waters Of the majestic river
which flows past our door with corn
stalks assto impede, except as Isay
temporarily, the operation and effect
of THE ever continuing law. What
produced the great Advance of the
staple last season2 The records reveal
II !. m Il ~. "a. "a - = i, L q
the fact that there was more short
selling of cotton for future delivery
than eny previous year Of trade his
tory. :
srppIv pvcpvns n1,,.,,n
WIEN tremendous eeiiing prices
sese nlgneF ana nigner IN the race OF
most strenuous opposition by parties
% immense q le wealth ana resources who
we're swept aside ike Feathers in .:
WnislWlno ~. :! VIZ sili values reached plane
Wneh trade could nos proiitably make
use o., s, the - 1ertiole; or In other words,
supply though limited was found more
than suthclent 70 meet ell legitimate
ae.saa. As natural result prices
quickly fell 20 9 point at which the
consumer niNlll g egaln became purchaser.
! am not called upon to explain OF de.
fend the future contract system, nor
sa11l would ! trespass upon your patience
SO 20 ,'9 90 even y7sl II the occasion was ft-5
slng. I know fuli well It makes speou-
iation easy and is like other good
quits, liable ct times TO abuse, bat il
t8n is 9 /, system, as l see it, indispensable
90 the le'g cotton cotton trade as conducted by
modern dA1 methods, and which I dare
amrm @ mas generally an uplifting an
nuenee ICE on values; It has come to stay,
ana iii ~ my opinion lo is OF greater adyan-
tage to the producer, enabling him TO
mag Ell die crop AZ one-dfth Of ante
utmli1eharges. q and for other reaeons
Which Whleh there ia NOT time 20 mention,
thanS either 20 middle men, manufac-
esszss, @ 0gnsumer, if you will take
m sne trouble TO search the past records
you Will ind fluctuations in price
more violent anterior 70 t Q the inaugu-
ration ION OF the future sss Stem than since.
Eiuotat,ons % IN response TO wild specu-
!ssiTs dealing were due % we'll TO,
legitimate causes then as now. Cot
ton, as All will admit iss doubtless be.
low .9s COST sl of production and Therefore,
profitable to Che prodacer. You
3 nra = ss,h 80 !. ~. "a. :. sas
sible and one only. Il 5ia q annrama, ,ysirII,
POLL, essseL sly Sth5r. Aa shese low
prices follow as the result of threatan-.
ed over sIinnlv IS la hopal 81 { q a..