The leader., 1905-02-08

that every man. every woman and.
every child could be content, in
ALI the uses of cotton, with $40
apiece, and put Il Oh the same ba-
sis, ten-cent cotton bringing $50 d
bale, and you have d legitimate
demand in America alone, for six
teen million bales of cotton. Ap-
plause.
Therefore, what you want
more than any other thing is to
increase the demand for cotton,
the market for cotton and the uses
of cotton, and / say, and can mainT
tain, that our own laws, our own
government, by discrimination
against us, has destroyed our
market aud have concentrated our
wealth until the masses Of the peo-
pie who need what we have got,
can't get it because they haven't
the money to buy II with.
Let us rise to the high respon-
sibility of this situation, and ask
again: What must we do to BE
saVedg First of all, We must re-
move from the market, as the
coffee trust did, the overproduc-
ton Of cotton. and limit the out
put to what the world is now able
to buy. (Great applause.
I stand ready, and my people
stand ready, to march with you
on any plan Of action which pro-
poses to retire from the market,
either temporarily or permanent-
ly, what is supposed to be that
surplus which destroys the mark
ct value of all of it.
Then, again, you want to
work with might and main, year
in and year out, to broaden the
market and enlarge the demand
until the world is able to buy as
much as it legitimately needs Of
your product. (Applause.)
Your Duty is Plain.
I'VE have got to know no Re
publicans, no Democrats, no
Populists. We have got to know
only the Southern man who will
take his stand by other Southern
men, Tremendous applause. As
to the present time, your duty is
plain. 1t is to stand pat. Stand
pat. (Cries of That's right, =
and applause). Let the other fell
low play. daughter and APP
plause. J Let the other fellow
play, but you stand pat.
They tell you that millions of
bales of cotton are being sold on
Wall street. Not a word of it's
true. They are selling hot air.
(AppIause.) They are selling
what Mr.. Hatch OF Missouri, used
to can wind, when | was proud to
help him pass the Dingley law to
put down future gambling, a law
which the lower house passed and
which our House of Lords killed.
They are not selling cotton, they
are selling futures, and futures
can't always rule.
''Spot cotton is king and always
will be king if we will be tue to
it. Great applause.) The mills
cannot run on cotton futures. Ca
voice: No you bet they can't').
The railroads can't get rich on
cotton futures. Great applause) !.
The fertilizer companies won't
get fat on cotton futures. The
gambling contracts made on Wall
street itself, can't always be set
tied by other contracts. Sooner
or later, they have got to have
spot cotton.
"Cotton futures have usurped
the kingly robes, has put on the
royal red and is welding now a
new scepter for the tyrant. Let's
expel him. Let's run him out.
Let's be true to the South, and of
necessity prosperity will follow.
What is Wall street doingg
Is it simply bettings Betting that
you will sell your cotton in April,
May, June and July at six and a
fraction. For them to win the
game you have got to do it, for
|if you don't do it, they lose the
game and you win it.
i don't tell you it will be an
easy fight or a short campaign. /
tell you it will be hard fight and
"a long campaign, because you are
overcoming the inertia of a hun
dred years, but it's fight that