A two-page magazine article on the American cotton economy in 1904. It covers the South's dominance of world cotton production, the growth of southern cotton mills and mill labor, the boll weevil threat, and the speculative price run led by Daniel Sully and W. P. Brown. It also looks at the effects of high prices on southern social life and on mills in Britain, France and New England, and gives crop value figures for 1896 to 1904.