The Caucasian. (Clinton, N.C.) 188?-1913, 1911-10-19
COTTON TO go HIGHER
Ex-Sxnstor Marion Butier,
Just Back From South,
90 Declares


kiecsson of n~moessslc Heu>~. lie
Says. is C~a~~ for Iow Pvse~-|
Min Men Cut Do~n ouaras Uasal
Tariff oue~sioa 1. s~<st~ss-Tho1-
S~nd< Of Farm~rw win Change
Their vcte.-Oosaon shoaid To-
day Bring Ftfse~n O~nts . Pouna
Under the Law Of suppiy and D~-
mand-Twioe m Many People U~e
Cotton To-day ~ whea the south
Made Nine Miiiion Raie Crop.
Washington Post.l
The movement on the part of the
Southern cotton growers to hold
their cotton for higher prices was
discussed yesterday By Marion But
ier. former Senator from North Ca=-
olina. who has just returoned from
his plantation
Il think the growers are right"
he said, and ] for one shall hold
my cotton for a better price. and
expect to get II. The crop cannot
possibly be big enough this year TO
justify the present low price.
THE law OF supply and demand
ought to make prices rise at this
time instead of fall, even IL there Is
a $4,000. 0.000-bale crop. because the
demand for cotton all over the world
to-day is more than twice what the
demand was when the South raised a
000,000-bale crop.
Use Of Cotton Increasing.
To-day there are twice as many
people wearing clothes either made
entirely of cotton or of part cotton
mixed with wool as were doing so
ten or fifteen years ago. This Is true
not only in Europe and the Orient.
but 1t Is also true even In the United
States.
THE area IL the world where cot
ton can be raised Is limited. The
be, raised in the South. The terri
tory over which cotton can be raised
successfully can never be increased.
while the demand is increasing rap
idly and will continue to increase.
Cotton to-day should be at least S
cents pound or more, and Ii should
never be under that figure in the fu-
ture. Within ten years the price of
cotton should be at least 90 cents a
pound. In this connection, 1t should
be remembered, that the great In
crease of gold production has not
only been the chief cause of the rise
of prices generally in this country,
but also over the whole world, and
therefore the conditions outside of
the United States to-day are favor
able for foreign spinners to bid
higher fer raw cotton than ever be-
fore.
In my opinion, the chief cause
for the present low price is the cleo
ton of a Democratic House. and
their effort to close the cotton mill
Of the United States by tearing down
the wall Of protection. The cotton
mill men have not been running
their factories at full time, and have
not been buying raw cotton, because
large quantity OF cotton clothing
and then have the tariff protection
removed, so that this country could
be flooded with cheap cotton goods
made by cheap foreign labor. where
labor can be employed at half the
wages paid here, and foreign cotton
mill men can buy our cotton, pay tie
freight to their mills, and then pay
the freight back, and undersell an
American mill.
Question Crop Report.
mo one can blame the cotton mill
men, III they did not exercise eau
ton they would become bankrupt IL
the next Congress should do what
the Democratic party has threatened
to do. I know that there are many
Democratic politicians who are trying
to divert the attention OF thief armers
an dthe cotton mill men from the
real truth by declaring that the low
price OF cotton In due TO big crop.
over-production. IL you please. and
that some Of them are even charging
that the crop Is not so big al shown
by the Government statistics.
THE statistics have little to do
with the present prices of cotton. The
cotton exchanges and the cotton men
have their own sources Of informa-
tion. upon which they rely more than
they do upon the Government Stats
tics. The Government, In securing
its data, must depend upon voluntary
reports of farmers and others who
should know. but often inaccuracies
creep in. The reports made to the
cotton organizations are by trained
men, and. as rule. should be more
accurate.