Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-15
j. s. COT TON
TWO-TH|RDS
OF WORLD 6
PRODUCTION
Secretary of Commerce RedfeId
Shows Enormous Export Bust
ness in Southern Crop and Its
Superiority0ver Other Nations.
Sending Abroad Each Working
Day $5,OOO,OOO in Manufac-
lures Alone, He DecIares-An-
nuaI Total Is $2,4OO, 100000,

Hudl iOtnl 10 W.,
NEW YORK, March I've are
now exporting our manufactures at
the rate of 100000 each working
day, with a yearly total for all prod
ucts of more than S2,400,0O0OOO.
I'VE are sending abroad our iron
and steel products at the rate of
$1,000 900 daily.
I'VE have become the largest pro-
Queer of steel in the world.
we make more pig iron by mill
lion tons annually than England and
Germany put together.
The deposits in the savings banks
of Massachusetts and Connecticut
would more than pay off our entire
national debt; while those Of New
York State alone would do the same
thing the second time and have 5000
100000 to spare
These are a few of the many aston
ishing statements made by William
c. Redheld Secretary Of Commerce.
in an address at the Academy of Mu-
sic to the Brooklyn Institute Of Arts
ana sciences on lllt bbNtlbHIHtuA VI
American Commerce.
THAT development" said Secretary
Redfeld, lis so stupendous that its
like has not been witnessed since the
dawn Of time
In further proof OF his contention,
Mr. Redfield took IN the, matter by
comparison and gave these illustra-
tons
In 1850 the, value Of our farm
property was less than $4l 900, 900
In 1910 IL was over $40 900, 100000
In 1856 we produced less than
100000, 600 bushels of corn; in 1910
over 1000, 900, 000 bushels.
Cotton Increase.
OF wheat We grew 100 600 600
bushels in 1850; in 1912 it was over
1870 600 900 bushels
AS recently as 1879 the valuation
Of our farm crops was $2,200.000, GOO,
a .;ou,ilN sum. but it was increased 10
$500, 600 600 in 1909
IF cotton was king just before the
war between the States his kingdom
was small compared 10 its imperial
extent to-day. The story Of the
growth of this great crop reads like
romance. Back in our infancy We
grew, in 1890. 3,lSS bales At the
time of his alleged royalty King Cot
ton produced in 1853 1900. GOO bales
This grew by 1911 to over 10000. 600
haes We sold abroad In recent
fiscal year two and C~e-half times rs
much cotton as made The whole crop
of 1889
In 1912 we produced more than
seven-twelfths Of the cotton OF the
world, and consumed more than one
third of our own crop. exporting the
balance
One Of Big Three"
But Mr. Rcdfeld had other and
more remarkable statistics at hand
than those furnished by the growth of
agricultural exports He showed that
though these reached the large sum
Of $500 000 600 in 1913, they formed
little more than one dfth OF the eN-
ports Of that year Mr. Redheld says
For tho twelve months ended with
l9nuary 81. 1914 the balance In our
favor on merchandise transactions
WAS in ex ess of S676. 0C0. 600. an in
crease of S90,0O0,0O0 over the pre-
vious year
1t has brought The United States
into the front rank Of the nations
competing in the sale Of their manu-
featured articles in the markets OF
the world She is to-day one OF the
'hie three having as peers ia the
competition only England and Ger
many. and upon both she has I'm re-
cent years been rapidly gaining
From less than one million wage
carners in our industries i'm 1850 the
number has grown to nearly seven
million The product has In the
same period Increased from $1,000.
100000 I'm annual value to over 500 r.
oGo.o0o.00o Meanwhile the average
annual wage has more thau doubled.