OUTLOOK FOR THE COTTON INDUSTRY 1 87 



details as to the future outlook and used the 

 following in his closing paragraphs: 



"I am as thoroughly convinced of the utter 

 futility of the attempts being made to grow 

 cotton in the new fields of production as I am 

 of the capacity of our Southern States to 

 readily meet the increasing requirements of 

 the spinners of Europe and America. Our 

 European friends would do well to possess 

 their souls in patience, and stop squandering 

 their money in visionary schemes. Blessed 

 with temperature, rainfall, better adapted to 

 the successful culture of cotton than any other 

 country, and with an abundance of land to 

 meet every possible requirement for expansion 

 of acreage, the United States will undoubtedly 

 maintain in the future its present supremacy 

 in the cotton production of the world." 



