Lamb's textile industry of the United States, embracing biographical sketches of prominment men and a historical résumé of the progress of textile manufacture from the earliest records to the present time; . Southern mills to domestic marketsand to the ports of the Atlantic, the Pacific, and the Gulf for export. The demand for cotton goods is increasing not only with the increased 34 TEXTILE INDUSTRIES population of the world, but also with the advance in the standard of livingwhich is slowly, but surely, taking place in many regions as a result ofhigher civilization and more stable political
Lamb's textile industry of the United States, embracing biographical sketches of prominment men and a historical résumé of the progress of textile manufacture from the earliest records to the present time; . Southern mills to domestic marketsand to the ports of the Atlantic, the Pacific, and the Gulf for export. The demand for cotton goods is increasing not only with the increased 34 TEXTILE INDUSTRIES population of the world, but also with the advance in the standard of livingwhich is slowly, but surely, taking place in many regions as a result ofhigher civilization and more stable political conditions. The cotton planterof the United States, with such assistance as other regions may be ableto give him, is capable of keeping pace with this demand. It is the taskof those of us who are engaged in the business of transportation to carrythe raw cotton to the mill and to carry the finished product to the utter-most ends of the earth on such terms that cotton fabrics shall be within reachalike of the lady of fashion, who pays at the rate of twenty dollars perpound for Swiss embroideries, or the Manchurian peasant, who pays atthe rate of twenty cents a pound for the material for jiis OF THE UNITED STATES 35 COTTON SPECULATION IN AMERICA BY CARL GELLER Real estate speculation flourished in ancient Greece and Rome. Fore-stallers in grain and flour have amassed fortunes ever since the days ofJoseph in Egypt. Spices were cornered in the Middle Ages. SouthSea and Mississippi stock were the basis of furious speculation earlyin the eighteenth century. Cotton speculation, on the other hand, is barelya hundred years old, but during those hundred years more venturing hasBeen done on the rise and fall in prices of this staple than of any othercommodity. Long before the futures system was introduced, cottonfurnished sport for daring operators and merchant princes. Of course,when the cotton crop amounted to only a million bales or so, speculativelines did not run to half
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Keywords: ., bo, bookcentury1900, bookdecade1910, bookidlambstextileindu01brow
