Executive Documents Printed by Order of the House of Representatives During the Third Session of the Fortieth Congress 1868-'69: In Fourteen Volumes (Classic Reprint) - Hardcover

Inhaltsangabe

Excerpt from Executive Documents Printed by Order of the House of Representatives During the Third Session of the Fortieth Congress 1868-'69: In Fourteen Volumes

In view Of all the circumstances affecting cotton culture, it may be deemed a remarkable fact that the yield has attained an equality with that Of 1850, and is half as great as the excessive product Of 1859 and 1860, which glutted the markets Of the world, and would have caused a discouraging depression in prices but for the cessation Of cotton produc tion in the years that followed. The cash receipts for the crop of 1867 were larger than those Of 1859, though of less actual value as reckoned in a depreciated currency.

The sugar interest is rapidly attaining prominence, the product having doubled in the last two years. The total product Of rice is also increasing.

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