A cotton-planter's estimate of the average margin of profit on planting,
in his section:
One man and mule will raise ten acres of cotton, giving
ten bales cotton, worth, say, $500; cost of producing, say $350; net
profit, $150, or $15 per acre. There is also a profit now from the
cotton-seed, which formerly had little value - none where much
transportation was necessary. In sixteen hundred pounds crude cotton
four hundred are lint, worth, say, ten cents a pound; and twelve hundred
pounds of seed, worth $12 or $13 per ton. Maybe in future even the
stems will not be thrown away. Mr. Edward Atkinson says that for each
bale of cotton there are fifteen hundred pounds of stems, and that these
are very rich in phosphate of lime and potash; that when ground and
mixed with ensilage or cotton-seed meal (which is too rich for use as
fodder in large quantities), the stem mixture makes a superior food,
rich in all the elements needed for the production of milk, meat, and
bone. Heretofore the stems have been considered a nuisance.
Complaint is made that the planter remains grouty toward the former
slave, since the war; will have nothing but a chill business relation
with him, no sentiment permitted to intrude, will not keep a 'store'
himself, and supply the negro's wants and thus protect the negro's
pocket and make him able and willing to stay on the place and an
advantage to him to do it, but lets that privilege to some thrifty
Israelite, who encourages the thoughtless negro and wife to buy all
sorts of things which they could do without - buy on credit, at big
prices, month after month, credit based on the negro's share of the
growing crop; and at the end of the season, the negro's share belongs to
the Israelite,' the negro is in debt besides, is discouraged,
dissatisfied, restless, and both he and the planter are injured; for he
will take steamboat and migrate, and the planter must get a stranger in
his place who does not know him, does not care for him, will fatten the
Israelite a season, and follow his predecessor per steamboat.
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