Cotton
is the overcoat of a seed that is planted and grown in the southern
states to keep the producer broke and buyer crazy.
The fiber varies in color and weight and the man who
can guess the nearest the length of a fiber is called a cotton
man by the public, a fool by the farmer and a poor business
man by his creditors.
The price of cotton is fixed in New York and goes up
when you have sold and down when you have brought. |
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A
buyer working for a group of mills was sent to New York to watch
the cotton market and after a few days deliberation wired his
firm to this effect - "Some think it will go up, some think
it will go down, I do, too.
Whatever you do will be wrong. Act at once." Cotton is
planted in the spring, mortgaged in the summer and left in the
field in winter.
There are other definitions, but none beter than this. |
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