The gold leaf., 1906-07-05
South's Great MONOPOLY

! Has the Greatest Monopoly o
e Earth and Has the World at Il
: Feet, Says Mr.. Carnegie. Rapie
I ly Developing as a Manufacture
Of the Staple Also.
Atlanta Journal.
: Andrew Carnegie, one of the world
greatest manufacturers, says to tn
South:
s'You have the greatest monopol,
on earth, in the growing of cotton
and you have the world at your feet.
There is an estimate worth consid
ering.
Its a statement, the truth of whicl
We to whom it is made, only hal
realize. We have the only climat,
and soil on the round earth capable
OF producingin in any marketable quail
lty and quantity the greatest com
mercial commodity in which man
kind deals. This we all know full
we'll, but what are we doing with il
that proves our knowledge OF it?
We raise cotton, pick it, gin it, bale
it, and then let it go for what the
outside purchaser wants to give us
for it. All the time, toll and trouble
incident to bringing the staple to a
marketable shape is ours; the outside
world must have it from US; we let it
GO at whatever figure they offer.
Such situation is nothing short of
q reflection upon the South's bust
ness ability. Men like Andrew Car
neglc come here amongst us and re-
peat time after time that we have the
greatest monopoly on earth in the
growing of cotton" but each sue
! ceeding season finds the South mar
keting the crop just as though it
grew on every soil and was common
to every nation under the sun.
AS Mr.. Carnegie intimated, though,
there is a gleam OF hope ahead for the
South. He names one of the condi-
tlons here, that promises to evolve
Tor the South full measure of re-
ward from the natural monopoly
which she enjoys.
Gwen in my day you have become
a great manufacturing CENTER" he
says, "and this industry is leaping
ahead with tremendous bounds
The South is beginning to manu-
facture her own products in the
rougher and less costly form, and
therein lies the hope that some day
she will be able financially to manu-
tafGfdtnrrhfi TAFT rrfieiigeb9 iigebt9 tdrhe INTO her tiIf re-
ward. At present the mills OF the
North, and of England, France, Ger
many, Japan and other nations reap
the profits from the manufacturing
OF the finer grades of cotton goods
profits which in comparison to those
the South receives from the raw ma
terial and the rougher manufactures
are simply enormous.
The first question to which the
cotton-growing States must apply
themselves, according to the best au-
thOrities, is that OF marketing the
crop. The several states have learn
ed the art of growing cotton. That
is the monopoly Of which Mr.. Car
negie speaks, because no other na-
ton and no other section of this ma
ton knows this art or has the nat
ural environment even ii they should
acquire the knowledge. Now these
states must learn the business OI
marketing the crop so that a profit
NAV be gained commensurate with
time. toll and natural difficulty at
tendant upon the growing, together
with the comparative rarity OF the
staple.
i Until this lesson is well-grounded
uatil the aims of such organization!
!, | as the Southern Cotton Associations
, are realized, the South cannot hOp'
to enter upon the full measure of he
reward in connection with ''monop
r oly." In the first place, she is no
financially able to develop her man
ufacturing plants to their full cap &C
ity OF turning out the finer product
of cotton goods. Though six hun
dred millions of dollars are pour
ed into the South annually for he
q cotton, still it is not enough to Ell
$ able the cotton producers to becom
o cotton manufacturers of the highe
\ type; that is, of the type which Ell
o Joys the greater profits from the IL
q dustry. Most of that enormous SUI
J. goes ri ight back to the source whence
+ comes, and mainly for the purpose
i bringing back to the South the finisl
n ed product Manufactured from he
U own raw material.
g Should the cotton states ever reac
o the point where the cotton crop coul
% be marketed in a business-like MAJ
II ner, then we may hope to see tt
is manufacturing enterprises advan'
Al in even greater degree than Mr.. Ca
q negie describes as ''leaping ahea
~ with tremendous bounds. "
,r AS the situation now stands, Il
70 South offers magnificent opportur
70 ties for investment of capital in &C
n. ton manufacturing enterprises OF t
70 higher type. Andrew Carnegie, one
10 the worlds greatest manufactures
10 publicly declared himself along the
70 lines, and we'll known men IN t
h commercial world have said so
n fore him.
Id "
er Asthma Sufferers Should Know Tn
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