Statistics, according to the New Orleans cotton exchange, show that the balance of trade enjoyed by the country was maintained by cotton from the close of the war between the states to the beginning of the World War, and the exchange had gone so far as to express feel that if the weevil is not curbed, the United States will lose that advantage because now the pest is wiping out the cotton and there is nothing to take its place. The loss to the South, in the last five years, Henry G. Hester, secretary of the exchange declares, has amounted to more than $1,500,000,000, and he adds that the South’s loss is the country’s loss.
Page 3, The Concord Daily Tribune, Friday, October 26, 1923
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