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Show THE ADVANCE IN COTTON. - The eensug bureau pnta out a statement in which it ascribe the advance in the price of raw cotton from 6.88 cents per pound in 1899 to 12.68 centa last year as due to the increased conurap- tion by the people and the increased ability of the people to purchase. Evidently there is no one connected con-nected with the bureau who ever looks below the surface of things. The price of cotton in 1899 was at the same discount, measured in gold, that silver was, and had silver been let alone the price of cotton cot-ton in that year instead of being 6.88 cents per pound would have been 11 rents. Since then this country has greatly increased its gold supply and cotton has advanced accordingly. In 1899 the crops outside of the United States failed and a starving world came to ua for bread and in 1898, 189" and 1900 we drew from the outside 2,000,-000.000 2,000,-000.000 in gold, and following a natural slump low prices began to advance in the L'nitt-d Htatea according ac-cording to the advance in the volume of gold. A new trouble, however, began then. The orient ori-ent clung to its old measure of values, silver, until now the standard of the United States and that of the Orient have drawn apart 60 per cent with the inevitable result that our exports, measured in our, money, oan find. no market in those countries that hold within their boundaries half the world's Tnh a hit an 1 iTwh ileThe trproductsT Tneasnre in ; their money,. enables them to bring their products here,' and when they are measured by our money enables thera to sell to us at a discount of 60 per eent and still make the same profit that they did twenty years ago. |