The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-12-27
Charges Wilson Policy With
Responsibility for Great Loss
In. Cotton
Betrayed in Hands
Of English Spinners
He Says Foreign Buyers Have
Bought Stocks at Begger
Prices Due. to Conditions
Brought About by England

Houston, sTex., Dec. 26.-Govcrnor
statement in which ne arraigned the
Wilson administration as 1.-THE greatest
failure in the history OF the presi-
dency," and predicted the overwhelrn-
ing defeat of the National Demorc-
racy In 1915. NColQuitt retires from
the governorship January 10, and Is a
candidate for the Democratic nomina =
ton to succeed Cuiberson in the Sem
ate.
THE South has made enc OF the
biggest crops in its history" the Gov
ernors statement continues. yet be-
cause of the utter incompetence OF the
men In charge Of the government Its
business IL prostrated, its credit 10 i'm
paired, and thousands Of its people are
starving. The administration's foreign
stopped American cotton shipments
until the English spinners bought
their supply at So cents a pound. and
stored 1t in TEXAS and other Southern
warehouses. Our government weakly
submitted to England's dictation, play
ing into the hands Of the English
spinners and betraying American cot
ton growers a. completely ~ II thia
country was m English vxss6l State.
II had been President would have
served notice on Engiand's Premier
that our foreign trade In cotton and
other noncontraband commodities was
going forward with or without Eng
lands consent, and II necessary !
would have sent American warships to
England's door to enforce that notice.
Declares Mexican Policy Failure.
The Wilson-Bryan management OF
the Mexican affair has been an eyre
gious failure. They have stood by, en-
couraging one gang OF bandits after
another. while people were being
butchered all over Mexico. and while
the vast American interests in that
country were being conf1scated and
shot to pieces, and today the Mexican
chaos Is worse than at any time since
Madero was assassinated. Our gov
eminent has kept England and Ger
many from restoring order in Mexico.
and has itself done nothing but con-
tribute to the disorder and lawlessness
by their 'watching-and- waiting policy.
The property interests Of Mexico and
the big American exploiters OF Mex
lean resources have got control OF the
situation absolutely. and these same
interests have got the ear Of our gov
eminent at Washington.
The administrators tariff law was
pIeuRe0 20 lower the cost OF .nylu8
and has had the contrary effect. The
administrations antitrust laws are
barefaced fakes. so far as protecting
the people from trust oppression ID
concerned.
ValoFixed Corporate Securities.
1.-The administration valorized twen-
ty billion dollars worth OF corporate
securities, owned in the North and
East by Treasury Department order
to national banks to lend money on
listed securities at not less than the
closing quotations Of July 10, 1914.
The same administration, when asked
to allow the people to use 4 quarter
of billion dollars OF their collective
credit for two or three years to save
themselves from lodng 100000. 200
on their cotton crop, regarded valori.
cation as violative OF sound govern
ment.
1.-The President stood in the road
and condemned the South, which
made him, to heavier loss and more
widespread misery than 1t has known
in three generations. He indicated
an obsolete theory Of political econo-
my. but he mighty near ruined the
country doing It."