The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-05-04
HOT AFTER PRICE
Harvie Jordan Calls Him
a Vampire.
The Arch-Enemy of Southern Cotton
Producers Whose intellect
Seems to Be That of a
Pigmy.
Especial to News and Observer

Atlanta, Ga, May 3.--Hon. HarVie
Jordan, president of the Southern
Cotton Association, has replied to
Theodore Price, of New York, the
bear Spectator, who charged in a
speech in Boston that the Southern
people were guilty of a conspiracy in
holding their cotton for better prices
Mr.. Jordan. goes for Mr. Price with
out gloves and his answer makes in
teresting reading. Mr.. Jordan says:
Theodore Price, the arch enemy of
Southern cotton producers, charges
conspiracy on the part of Southern
planters in their present efforts to
protect the price of their great staple
product from the devastating hands
of just such blood sucking vampires
as himself Following are his re-
marks before the New England cot
ton manufacturers, at Boston, April
Goth:
Theodore H. Price, of New York.
addressed the convention. and in. dis
cutsing THE Relationship Between
the Planter and the Manufacturer;
It's Unnecessary Antagonism, eX-
pressed the opinion that a large pro-
portions of the agricultural section
of Arkansas in agreeing not to sell
cotton below a specified price or in
limiting production was under the
antitrust laws of the State guilty of
a conspiracy to defraud."
81 call attention to the law said
Mr. Price, las it emphasizes the cDn-
sistency of Southern protest against
trust exactions while the South is to-
day largely engaged in a futile en-
deavor to create one of the most op-
pressive trusts with which the worlds
progress was ever threatened. That
this intention will fail is a foregone
conclusion. That the widely adVer-
tised agreement to hold cotton for / o
cents has already COME to naught is
| evidenced by the cotton being shipped
daily at ID cents"
Mr.. Price thought it possible shat
the South, which now possesses a
practical monopoly of the civilized
worlds cotton production, might have
to meet African competition before
many years. 1.-The South, in the
fancied security of its monopoly of
cotton productions has been endeav-
| oring to increase its profits by adj
vancing the price of its products.
| "As a man of Southern education,
I have been greatly at loss to I'M
derstand the persistence of the South
| in the advocacy of this economical
situation. / can only conclude that
| it is in q great measure a survival Of
the same spirit that led to a war for
the abolition Of savery-a war that
cost more than the entire value of
| the slaves in dispute to diSSipate the
former fallacy; and from the intensity
of feeling which has been aroused
throughout the South because of q
decline in cotton to Z cents a pound,
an economic struggle which has cost
the South dearly and promises to cost
! it still more dearly next year, has
been precipitated. 1t is we'll to re-
| mind our Southern friends that COM
I'm hnh ~ of MT &c
has always provoked counter acts on
| the part of those whom it was sought
to mulet."
Mr.. Price clearly begins to read the
handwriting on the wall as he real
ICES that Southern farmers are stand
ing shoulder to shoulder in their
great fight for the protection of the
staple they produce and that the bust
ness men of the South are throwing
their financial and moral support to
Southern farmers. In his last gasp
of impudence and recognizing his ut
ter failure longer to dominate the
| cotton market of the South by de-
pressing the price of the staple, he
! charges sectionalism and conspiracy
on the part of Southern people.
Calls Price Pigmy.
He claims to be a man of Southern
education, yet in his venom over the
failure of his ability to drive the price
of our cotton down to five cents per
pound and make his millions at the
expense of Southern financial depreS-
sion, he exhibits temper of sectional
ism which is despised by the people
of the South, as well as those of the
North as being too little and con-
temptible to attribute to any intellect
beyond that Of pigmy. Whether Mr..
Price wills it or not, the South pro-
poses in the future to safeguard and
protect the great staple crop of this
country from just such speculative
schemers as he is, and in that effort
the South has no fear of the loyal
and patriotic support of the New Eng
land as we'll as all Southern spinners.
The spinners are praying for relief
from the spectators, as well as the
producers, and Mr.. Prices attempt to
inject a sentiment of sectionalism and
conspiracy in the present combined
effort of the Southern farmers to Sc
cure relief will fail of the object he
has in view. The South has raised