The Fabric of Civilization

A Short Survey

of the Cotton Industry in the

United States

Guaranty Trust Company of New York

140 Broadway

FIFTH AVENUE OFFICE
Fifth Avenue and 43rd Street

MADISON AVENUE OFFICE
Madison Avenue and 60th Street

LONDON OFFICES
32 Lombard Street, E. C.
5 Lower Grosvenor Pl., S. W.

LIVERPOOL OFFICE
27 Cotton Exchange Buildings

PARIS OFFICE
1 and 3 Rue des Italiens

HAVRE OFFICE
122 Boulevard Strasbourg

BRUSSELS OFFICE
158 Rue Royale


COPYRIGHT, 1919

GUARANTY TRUST COMPANY OF NEW YORK


THE cotton industry touches the lives of the vast majority of the peoples of the earth. The ensuing survey does not pretend to cover the field in all its diversity. It aims to give, in brief compass, such general facts concerning the industry in the United States as may enable the reader quickly to familiarize himself with its broader outlines.


Contents

CHAPTERPAGE
IThe Importance and Power of Cotton [5]
IIWhere Cotton is Grown and Spun and Why [10]
IIIThe Raw Cotton Market [17]
IVThe Cloth Market [27]
VFinancing Cotton and Cotton Cloth [33]
VIAmerican Cloth in Foreign Markets [38]
VIISome of the Grower’s Problems [41]
VIIIIn the Cotton Mill [45]
IXThe Finishing Operations [57]

5

The Fabric of Civilization