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Show tion, tin; south began to see its emancipation emanci-pation from the foreign yoke, but the Kurorean war un:-;ct tmngs a great deal ar.d tne people of the Tni'-ed States generally gen-erally have no idea of the looses which were occasioned tri the first two years of tlf: war when the PrHu;n embargo and blockade inevKabiy curtailed shipment ship-ment a and canned cotton to drop below 10 ecuta. In contrast to the situation in wheat, it is pointed out that the wheat growers livo wuffored no such great losses. Nat -j rally, v. h'.'n the market began be-gan to re tlie south its opportunity to recoup losses and didn't want to .sue the price fixed. PRICE FIXING RELIEVED ECONOMICALLY SOUND. On the other hami, Uic cotton men here believe the jjriue ot wheal was :ixd lor entirely J i I ferei) t reasons than would apply ap-ply to tne sitnalion here. Wheal way warce, but cotton was ph-iititui. U i still ronteiuied that price fixing was economically eco-nomically sound wnen applied to a commodity com-modity in which there was a shorume, hut unsound wilh reference to articles of which a plethora existed, but fihio-pin fihio-pin was scarce Aealn, men who are not themselves interested in-terested in cotton assure me that the amount per acre which the cotton grower has been able to set Is much less, con-sl'lcrmir con-sl'lcrmir his .toil and labor, than that which the wheat producer t'eta, even at ?1'.0 wheat, for example. The south, In response to the government's appeal, Planted the second largest acreage in liiii history of til is country. Weather conditions condi-tions caused much los and it cost the south just as much to raise Its small crop as it did to plant the big crop. To some extent this was relieved bv the htgner price, but the south doesn''t feel that It got anything extraordinary in the way of money out of tiie war. in fact, jut now It thinks the west got much the bettor of it. with a prlco of fl.20 for wheat when the figures might have been much below that If the government hadn't forestalled such a possibility by guaran- teeing the crop for two years. Np. tho south, far from feeling that It got better treatment than the west, ratuer thinks tho shoo is on the other foot. But the south learned some lessons during the war, taken from the brother wheat grower's experience: First, the farmer has seen tile importance of using tome of his acreage to produce foodstuffs; second. Instead of having tho government or any other Intermediary agency fix-prices, fix-prices, tho farmer himself will now regulate regu-late the supply. Thus he will regulate the price and the unused acreage will ho put to other uses for the production of the necessities of life which will reduce the cost of living to him and therefore the cost of growing the cotton. WANTS PEACE TREATY RATIFIED. ., Tho south is very anxious to ha e the treaty of peace ratified. The cities which T have visited since I ho official summaries sum-maries were made public seemed to think the document a good compromise among i the iillies and a stern judgment upon tler-j tler-j many. But a proclamation of peace is wanted also, because of the hope that it I will speedily return prewar conditions of I commerce. ) - The region is anxloupto trade directly i with Europe. First with the neutral couu- tries anil then later with the Central pow-: pow-: rrs. Luring the war buying commissions have represented Italy, France and Kn-gland. Kn-gland. The British, through their control con-trol of import licenses and shipping, have been able to control the amount of cotton cot-ton that could be sent abroad. Now the south wants to get into tho open market again and establish direct contact wit h the purchasers. Peace cannot come too soon to suit thp south. And as for discrimination dis-crimination in favor of this section audi against tlie west, well, a comparison of the I farmers' books in tho south and the earn- ings of the producers of $2.0 wheat i would answer the question mathematically. SlEfl Hope Is Expressed for Speedy Return to Prewar Pre-war Conditions of Fi-i Fi-i nance and Commerce. Huge Losses Caused During the First Two Years of Conflict by the British Embargo. k Fly DAVID LAWRENCE. (up right, K'lf1. hv New York Evening Post.) NKW OUT., WANS. I -a.. May 0. Out west they still harbor a sort of feeling that the south was better treated because tiie price of cotton was not fixed as was ".heat. What docs the south think about ' i;, especially since cotton has fluctuated recently below the figure at which it ' ' might have been definitely held by the government, ecu though hindsights better bet-ter than foresight, and tho cotton producers pro-ducers here might now be benefiting from a fixed price? Tho opinion of ib- ' erai-rniiHlcd folks In tills section is that , tiie same argument made against price fixing at the limo tho controversy was ' at its height hoids good now; econotnical- ' ' !y unsound then, therefore economically unsound now. In the first place, having had a little ex- . pcrieneo witti the government's management manage-ment of such things as the war risk bureau bu-reau and allotments to soldiers, there im't much confidence here that Washington Washing-ton could have handled so complicated a problem an compensation for cotton. Every Ev-ery bale may have a different weight, and tliero are at least a hundred dlffer-:.. dlffer-:.. ent grades of different values. SOUTH SUFFERS FROM MONEY SHORTAGE. Probably the biggest department evor created in the government would have had to bo set up lo handle the clerical , side alone, and there would have been no tolling; when tho cotton grower would have gotten his money. Out west, -where '. diversified farming has been developed to an Intenso degree, the dependence on wheat is relatively not as great as tho ; dependence here on cotton. The sout li ha3 been living for yeara . now in a sort of economic helplessness, because money to pay for the cotton crop has been jiecded so badly each year that control of the market has been largely . , a .-control of the credits and this has been ''accomplished by other sections of this - country or European traders only. When the new banking system came m'o being under the Wilson administra- |