The Montgomery advertiser., 1908-12-09

to slavery while on the other hand, tt made another tide of emigration in the persons of white people who favorej
 to the 9r ssyesy a9f wn0 slaves with them, to find more land. trenspired." he said, that all of these influences were not good for the Soutn cotton. even in slavery times. down to five cents per pound. It brought about condition which was neither advan- tageous to the state nor to the m m After that condition had been reached. he said. tremendous effort was maoe to revive manufactures and commerce' but he declared the contest was pe twen slavery and free institutions ana for the time being the advocates or slavery won the day.
 EmerKes From War. Passing to the conditions prousns .t about by the war. MT: Tompklns ssiS aS
 that the South was left very poor an9 without means to enter upon vaLleo industries at once. During the recon struction period. he said, everyDVoy followed the business of raising ..5,si. cvssons and few other staple crops ms. he said. made an unnaturaiiy IeISs competition which again reduced tne price to five cents and the conoitdon I.n of the people to great poverty . anc ,ha tress." It was then. he said, that the real reconstruction of the south, tns esta blishment of manufactures. and the diversity of pursuits began, wiSs brought cotton back to coadlalon VI fair remuneration for the producer. Mir. Tompkins described the manner in which the development of manufac. lures and commerce had accomplsnso such a radical benefit to the farmer; First" he said. vast numbers or people have been taken off the cotton farms by the various manufactures ana commercial developments. and thls re- lieves competition in cotton proouctioh. -H rxR Nt. faHfnTtag come consumers of cotton and therepy there is tendency to stimulate tne price, and third. this factory popula- ton. drawn off the farms become con sumers of perishable farm products and thereby the condition of the farmer IS very much improved by the income TOT farm products which were formerly worthless because without market.
 Despite the complaint of European spinners. Mir. Tompkins said, that American cotton producers should sell their cotton cheap, it was fact that too tos cheapiy. aSa Sssn Mistaken Ms sovernfientai policies. both before and after the Civil War. he said. had kept the price of cotton down: It was known hoy iishment of manufactures. dating back to, say. 1890, the price of cotton has been gradually Increased again until 1t has reached a point where money may be made as much in this section as where diversified pursuits have been in vogue for long time"
 Salvation in Factories.
 Because of the growth of manufac- lures, he asserted, the development of the cotton oil business. the markets for perishable farm products and bet ter railway facilities. the cotton farm CT had been brought to receive at least one billion and a quarter billion dol- iaTs Is1o oSb wheTs ece he used to receive only
 ''Even to this date" he said, "the farmer often manifests a prejudice against the factory when in reality the factory is his salvation.
 He declared 1t to be self-evident that out of the $500 100000 annual increase the receipts for his cotton crop, the farmer might well have given e20O, OO0,- coo to build factories and give them free to anybody who would operate them. Even in one year." he said,