New-York tribune., 1910-08-30
COTTON AT 70 CENTS
Continued from 6rst page.

stituted what was known as the Big
Four" and who was regarded aS 'ii0
leader of the bull clique. has not oee"
active in the cotton market since ne
and the other bull leaders were lndicteu
bv the government in connection Win
the so-called corner in May cot'oi''
which they were said to have enSineereu.
w p Brown put out last night "nal
he called a modest little statement
in which he predicted the greatest cotton
famine the country has known since the
Civil War, a crop of not more than L.
900 900 bales. and 20 cent cotton ne
advises the planter to. hold MS yie'u
for 1.-The opportunity of lifetime anu
warns him that to rush to market ["ltii
# now would be not only TO rob hlmseil
hnt his neighbor. Frank B. Hayne anu
E-ugene Scales. his associates. sign the
statement with him.
etters Pour in on Brown.
Now that the present season Is ABOUT
o,osed out" said Mr. Brown. people
from all over the country nave
writing and telegraphing TO me Ior au
vice as to the coming season. My man
is 50 piled with letters of inquiry anu
messages that IT would be Phy 'iOd
impossibility for me to answer theih an
;ndi,-iduallv. Therefore / make thls
statement. suppose it gains weight
from the fact that the past season mas
,ho,,,r that 7 and my associates VINO
sion with me haven't been so far "rohs
in the past. . .o
.oTbis ia not a speculative attempt 10
start another bull campaign; 1t Is soiio
;nfornation The public ought 10 Dc
educated to the facts. for they dHo ii.
,oen+ous We are face to face IN the
cotton markets and the cotton fields WIN
tho Same conditions which James j. hiil
o,d others have so eJoquently warned
rs will increasingly govern tue gram
markets, the food products markets III
general and the cost OF living JahieS
A pstten was roundly abused when ne
nredicted the same conditions IN "nedI'
h,,+ events showed that he was right
and I think the course or the fldrhe'
has shown that we. too. have some cause
TO believe that we are right
..Tbe marrow of the whole matter is
that there are every year more people III
the world to clothe and less cotton 10
spin proportionately The supply 1sh
keeping pace with the demand Inc
farmer in the South has been taught OF
late the virtues of diversified agrlcult-
ure. He has been taught to SOW MS cot
ton fields to other crops. But the time
ia coming when 1t will pay him to root
ont his other crops and plant his fields
with cotton again.
More Cotton Must Be Planted.
There simply Is not enough cotton to
go around at present prices. Moreover
the situation is t one of crop conditions
this year alone. 1t is one that must be
reckoned with in rising ratio from now
on. More cotton must be planted
I'VE don't rate ourselves as specula-
tors We supply the trade in a large
way; we are merchants in a great staple.
Our course has been throughout not to
rig the market for gamblers. but to
furnish the needs of the spinners at
what we believed to be just prices. The
manufacturer has always had first call
from US at the market The informa-
ton that we give in the statement be-
low is as much fer him as for the
planter of the South. These are facts
we believe the world ought to know
The statement referred to by Mr.
Brown follows:
The coming year, in our opinion. offers
TO the cotton producer an opportunity
which. perhaps is not fully apprecia ted.