The Mt. Sterling advocate. (Mt. Sterling, Ky.) 1890-current, 1909-09-22

D NunlOl Dt ldl6tu III htlluthNs nOI can
/ they raise Burley. There Is tobacco
raised in one parish in Louisiana that
is the highest priced in the world, and
we would all raise it If we could. but
we can't do it. They can't raise Burley
tobacco in Western Kentucky, In the
same latitude and in the richest soil,
as you can in this good county OF
Shelby. Union county produces more
corn than the whole Tenth Congress
sional District in which | live, and yet
they cannot raise as much Burley to-
bacco in Union county as one county in
the Tenth Congressional District. Why?
II won't grow it, They would raise it
if they could. Builey tobacco brings
nearly twice as much as black tobacco
per pound, and more pounds per acre,
and don't you know they would raise
a heavier tobacco and a higher priced
If they could. So with Tennessee,
so with the Green River, so with Vir-
ginia. The reason they don't is be-
cause they can't The same reason
that we don't raise cotton aud Georgia
don't raise corn.
A Natural Monopoly.
1t looks to me, my countrymen. that
in the peculiar conditions existing in
the limestone region of Kentucky you
have a practical monopoly Of prod
uct for which the whole civilized world
not only furnishes you market. but
clamorous market. Now, what are
you going to do with it?
Supply And Demand.
They tell us the law of supply and
demand should control It, wish 1t
could, but il can't. The law of supply
and demand is natural law and if al
loved to work naturally-and if it does
MT work naturally it is not a natural
tw-if allowed to work naturally, 1t
regulates itself automatically. If there
we're but two men Interested in a prod
uct, one producing II and the other
consuming II. the man who produced
1t could say to the man who consumed
1t, How much do you need and how
much are you willing to give?' Anu
then, after that, II am willing to let
you have it, and they would not re.
Quire any other law except the law Of
supply and demand. II there were two
men consuming and one producing, the
producer would say to the consumers:
.oN, there is not quite as much as
both of you fellows want. am very
sorry, but | am going to sell to the
man who gives me the most" Then
you have got competition and then the
producer gets a little more.
Trusts Way OF Buying.
Suppose, though, there are 10000
producers and one consumer. The one
consumer will say to the 10000 pro-
ducers, over production; can't use 1t.
More than the worlds supply demands.
more than our warehouses will hold
and more than we have got money to
pay for.' Did you ever hear that?I
Uaughter). And then he will say to-
them, I'VE will take, Of course, some
of this. We will come around and see
you, as soon as We are ready, and we
will take some of it," And all of you
get anxious. And they so TO one man,
and that man generally needy man,
that man who has to have his money,
whose mortgage is about TO be fore
closed, to whom sickness has come in
his family, so that he has to have his
money, and they say, What will you
take for that tobacco And he just
says, What will you give me?' "Oh,
they say. there is too much tobacco,
but you are hard up and we are going
to help you out. and we are going to
give you six cents" (Laughter). And
he takes it. They go to the next man
and they say, why the market Is
only six cents. | bought Browns to
bacco for six cents-not John E.
Naughter) | bought Browns tobac-
co for six cents and that is the mar
ket. We cant afford to pay more
than the market. The law of supply
and demand regulates this natter"
and then you have got to take the
price OF the market
Midlothian The Only Consumer. /
How was that made? The one con |
sumer is an artificial creation. The
real consumers are the ones who
smoke and chew and manufacture fer
ilizer, but they never come in contact
with the man who produces the to-
bacco. The middle-man. as far as you
are concerned, is the only consumer /
ArtiAcially they have formed a combi-
nation by which they have eliminated
all the competition that heretofore eX.
listed, and artifcially they have de-
stroyed the operation of the law Of
supply and demand. 1t can not apply
upon either side when you destroy the
natural operation of it.
A'OW~iS SOUlDllSAlOH y SUCCESS.
Then the only way you can get
them, in my opinion, is to reduce the
condition to the one seller and one
buyer, and then you have re-established
the law OF supply and demand. CAP
plause). Can you do it? Well, you
have done it. That is the best answer
| can imagine to the argument. Can
the pool Of the farmer. as you call it,
be made a success? You have made
It a success.
Good Results.
Is it a desirable result? They say in
the papers You get seventeen cents for
your tobacco in the pool. If you deduct
extraordinary expenses, and if you con.
cede that those expenses were unrea-
sonably large, still you made more
profit upon your tobacco than you ever
did before in your lives, taking the to-
bacco belt as a who'e
Answers Mr.. Clay.
But Mr.. Cassius NJ. Clay, than whom
there is not more distinguished Ken
uckian, a man of character and of
ability a man of liberal education and
extensive fortune, man of years and
a man of wisdom, who is opposed 10
this pool recently PROMULGATED i'm a