COTTON 
5 
$1,700,000,000 yearly, while the estimated value 
of the world's annual output of cotton goods is 
$2,000,000,000. On cotton most of the human race 
depends for clothing — three times as much cotton 
as wool being produced, and the world's 
wool production having decreased from 2,750,000 
bales in 1895 to 1,750,000 in 1905, while in the 
same period the world's cotton supply has grown 
from 10,304,000 bales to 17,782,000 bales. And 
of this enormous cotton supply three-fourths is 
grown in the Southern section of the United 
States. Twice the world's total gold output last 
year would have been required to pay Southern 
farmers for lint and seed; three-fourths of the 
capital stock of all the National Banks in the 
country would have been inadequate. 
COTTON EXPORTS EXCEED IN VALUE ALL OTHER 1 
AMERICAN AGRICULTURAL EXPORTS 
Among our American export crops cotton is a 
monarch that brooks no rivals. According to a 
signed statement furnished the writer by Mr. O. 
P. Austin, Chief of the Bureau of Statistics, De- 
partment of Commerce and Labor, January 23, 
1906, the total value of our exports of cottonseed 
and cottonseed products for the year ending June 
30, 1905 (raw cotton alone $381,000,000) , was 
$410,657,752 as against $410,205,653 for "all 
other agricultural exports." In other words, take 
all other animal and vegetable products exported 
any year — wheat, corn, barley, oats, rye, flour, 
meal, oatmeal, fruits, vegetables, liquors, tobacco, 
wine, cattle, hogs, horses, sheep, beef, pork, mut- 
ton, butter, cheese, canned goods, lard, oils, wool, 
