Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1838-05-15


The question viii be asked, what shall /
- dome 10 remedy all the sins andwick-
od.oas Of Government, and what rnea-
s,,rs shall be resorted to, to render the great /
South and Southwest independent Of ex.
change, and independent Of the North
The answer win be found in the reSOl utions
below, viz:-TraiH up our sons TO -a'eT-
camille uursuits-secure 9 direct erPOr-
,atiOn and importation, from and to our O'o''
Southern ports--and let the iOhOle South |
and SOuth.,oest be united in carrying out |
this grand scheme. AS MississiPPiis pc
culiarly interested in this great work, eve
nv citizen should put his shoulder to the
wheel, and endeavor with his whole might
and influence to accomplish the object
We would hurrlbIy suggest that MER-
CHANTS AND PLANTERS STATE
CONVENTION, be held in the City OF
Columbus. on the SECOND MONDAY IN SEP
TENDER NEXT, to take such measures as
may be necessary IN the matter, and to
L
appoint delegates to represent Mississippi
in the Convention to be held in Augusta,
on the third Monday in October next. AS
conductor of a public journal, and being
ardently attached to the South and her in
stitutions, we conceive it to be our duty to
throw out this hint and we cannot but
trust It will be taken, and that action on
our suggestion, by the planters and mer-
chants will follow.
1. ResoEued, That adirect trade is the
natural channel of communication between
nations, which offer to each other the best
market for their natural productions; and
: that the Intervention of a third party must
operate as tax upon the exchanges be-
tween them.
Q. ResoEued, That the Southern and
South Western States Of this Union afford
them staples with which are purchased near
\ " the whole foreign imports of the coun-
> try: that they are the consumers Of q
n large portion of these imports, and ought
G naturally themselves to furnish the chan
e mel through which the exchanges is madei
that on no occasion have their citizens
been found incapable oemaintaining them,
L selves in fair competition with other sec
s tons, and that diversion Of their trade
Is from its natural channels, must have beer
brought about by the unequal action of thC
y federal government, or by the abstraction
e of our people towards other pursuits.
y 3. Resotred. That in the opinion 0
a this Convention such a state of thing
J. should no longer continue: that the pre-
sent condition ofthe commercial relation
d of the country, and the disruption of tn
&C existing channels of trade, afford an op
4 portunity of breaking down the trammel
~ which have so long fettercd our commerce
D. and of restoring to the South the its natu
30 raj advantages; and that it is incumben
upon every man, who has at heart the goo
= Of his country, to lend his best exertioE
~ to the promotion Of these objects and t
" establish our trade upon a sound and per
manent basis.
ie 4. RcsOEUed, That this Convention i
Us fully aware of the difficulties to be over
- come in the prosecution of their enterprise
- but nothing daunted thereby, and fully re
- lying upon the public spirit and Jealous
- cooperation of their fellow citizens, thev
d are determined to advance with untirin..
perseverance, and with that view, do ear
J. J nestly recommend the adoption of the fol
u lowing measures.
y 1. That an effort should be made 10 af
q ford to the importers and purchasers a
rs Southern seaports, the same facilities which
IL are offered elsewhere; and with this view
d it is recommended that the banks in tho
seaports should immediately apply por-
ne ton of their respective capitals, to the pur-
IL chase Of foreign exchange, and to the pro-
er curement of credits of funds liz Europe;
and that they should afford the use of the
OF same to the importing merchant upon a
N discount or collateral pledge of such good
p paper as he may take from the merchants
= of the interior, and that this accommoda-
= - ton be afforded as well upon paper having
:" more than six months to run, as upon that
having less; and that the banks of the in
= terror cooperate by collecting and remit
: ting the proceeds Of such paper to the
= banks on the sea coast, that they maintain
1, the credit of their Bills and Keep down
= the exchanges by redeeming their own pa.
!. per at the sea ports; and that on the other
y ! hand, the banks in the Southern Atlantic
= cities make arrangements by which the
notes of all of them shall be at par in
each.
2. That with a view, to the importan
= subject of equalizing the exchanges be
. tween Southern and South Western State.
and Territories, this Convention earnestly
recommend to the various banks Of the
principal cities of these States or such a,
may be conveniently located, to receive
the bills of each other in their general bu
siness, and to adopt such arrangement.
ay for settlements, at short periods, as the,
he may deem suitable and proper; the bank.
IS against whom the balance should fail /,
h. furnish funds for settling the same, or t,
pay an interest of six per cent. from til,
Oe period of settlement, and that a commit
nd tee of five be appointed to take such nnea.
d. sures as IN their judgment will carry fun,
IS. into effect the preceding RECOMMENDED
!, tons.
o. 8, That the Merchant of the South an,
: South West, be earnestly recommended /,
y give preference to theimports in their owl
IS markets, and that they afford them a
nd opportunity Of fair Competition with otbe
s 4 ce.r l. 4