IN regard to Island 74, which is situated not far from the former Napoleon,
a freak of the river here has sorely perplexed the laws of men and made
them a vanity and a jest. When the State of Arkansas was chartered,
she controlled 'to the center of the river'--a most unstable line. The State
of Mississippi claimed 'to the channel'--another shifty and unstable line.
No. 74 belonged to Arkansas. By and by a cut-off threw this big island out
of Arkansas, and yet not within Mississippi. 'Middle of the river' on one
side of it, 'channel' on the other. That is as I understand the problem.
Whether I have got the details right or wrong, this FACT remains:
that here is this big and exceedingly valuable island of four thousand acres,
thrust out in the cold, and belonging to neither the one State nor the other;
paying taxes to neither, owing allegiance to neither. One man owns
the whole island, and of right is 'the man without a country.'
Island 92 belongs to Arkansas. The river moved it over
and joined it to Mississippi. A chap established a whiskey
shop there, without a Mississippi license, and enriched
himself upon Mississippi custom under Arkansas protection
(where no license was in those days required).
We glided steadily down the river in the usual privacy--
steamboat or other moving thing seldom seen. Scenery as always:
stretch upon stretch of almost unbroken forest, on both sides
of the river; soundless solitude. Here and there a cabin or two,
standing in small openings on the gray and grassless banks--
cabins which had formerly stood a quarter or half-mile farther
to the front, and gradually been pulled farther and farther back
as the shores caved in. As at Pilcher's Point, for instance,
where the cabins had been moved back three hundred yards
in three months, so we were told; but the caving banks had
already caught up with them, and they were being conveyed
rearward once more.
Napoleon had but small opinion of Greenville, Mississippi, in the old times;
but behold, Napoleon is gone to the cat-fishes, and here is Greenville full
of life and activity, and making a considerable flourish in the Valley;
having three thousand inhabitants, it is said, and doing a gross trade of
$2,500,000 annually. A growing town.
There was much talk on the boat about the Calhoun Land Company,
an enterprise which is expected to work wholesome results.
Colonel Calhoun, a grandson of the statesman, went to Boston
and formed a syndicate which purchased a large tract of land on
the river, in Chicot County, Arkansas--some ten thousand acres--
for cotton-growing. The purpose is to work on a cash basis:
buy at first hands, and handle their own product; supply their negro
laborers with provisions and necessaries at a trifling profit,
say 8 or 10 per cent.; furnish them comfortable quarters,
etc., and encourage them to save money and remain on the place.
If this proves a financial success, as seems quite certain,
they propose to establish a banking-house in Greenville,
and lend money at an unburdensome rate of interest--6 per cent.
is spoken of.
The trouble heretofore has been--I am quoting remarks of planters
and steamboatmen--that the planters, although owning the land,
were without cash capital; had to hypothecate both land and crop
to carry on the business. Consequently, the commission dealer
who furnishes the money takes some risk and demands big interest--
usually 10 per cent., and 2 per cent. for negotiating the loan.
The planter has also to buy his supplies through the same dealer,
paying commissions and profits. Then when he ships his crop,
the dealer adds his commissions, insurance, etc. So, taking it
by and large, and first and last, the dealer's share of that crop
is about 25 per cent.'
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.