The assessed valuations of the states, as reported to the _World Almanac_ for 1910, are as follows: the whole South in 1909 was assessed on 10,051 millions--a gain of 2,200 millions in three years; in the equal Northwestern group it was 19,884 millions--a gain in three years of 7,000 millions (out of which perhaps 2,500 millions should be deducted, on account of a bookkeeping increase in the assessments in Kansas and Colorado). The cotton crop of 1908 sold for 675 millions and the corn crop of the North for 886 millions. The railroads in the South in 1908 totaled 71,790 miles and in the Northwestern group 123,332 miles. The South "has just harvested a billion-dollar cotton crop" says Clark Howell, and he predicts twenty-cent cotton. The actual crop for 1909 was probably less than 11 million bales, and at the average price for the season of about 14 cents, it sold for something like 770 million dollars. The corn and wheat crops of the whole North (not the equivalent group) sold in the same year for 2,091 million dollars. No good can result to anybody either from belittling or exaggerating the productivity of the South. That section is progressing, and the more it progresses the less become its difficulties of race and labor problems, the greater its connection with neighboring states, the larger the advantage to the whole nation. Still, on any basis of comparison with the least wealthy states and sections of the North--whether it be made between the total population of equivalent groups or between the white populations only, leaving out of account the productivity of the Negroes, the South is below the national standard of wealth and progress; it grows constantly in accumulations and in productivity, but its yearly additions are less than those of the Northwestern states, and much less than those of the Northeastern states. CHAPTER XVIII MAKING COTTON "The South holds a call upon the world's gold to the extent of $450,000,000 to $500,000,000 for the cotton which it will this year furnish to Europe.... This money, whether paid in actual gold or in other ways, will so strengthen the financial situation, not only of the South, but of New York and the country at large, as to make the South the saving power in American financial interests. No other crop on earth is of such far-reaching importance to any other great country as cotton is to the United States."