Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1838-04-12

a
are offered elsewhere, anil will, this view i'll
is recommended that tho banks in the sea-
ports should Immediately apply portion
of their respective capitals 10 the purchase
o! foreign exchange, and to tho procure
nent cf credits or funds in Europe; and
tina, they should afford tile use of the same
to the importing merchant upon discoun,
or collateral pledge ofsuch good paper as
he may tnke from the merchants o.! the in
terror. and that this accommodation be ar-
iort'cd as well upon paper having more than
SIX months TO run, as upon that having less;
and that the Banks or the interior cO-ope-
rate by collecting and ren,itting the pro-
ceeds Of sncl, paper to the banks on The sea-
coast; that they maintaint the credit Of their
bills, and keep down the exchanges by re-
dccnins their own paper at the senports;
aud that on the other hand The banks in the
Southern Atlantic cities make arrangements
by which the notes of all of them shall be
arpar i'm each.
=, That with Jew TO the important
subject OF cquailizing the exchanges between
Southern and Southwestern States and
Territories, this Convention earnestly re.
commend to the various banks Of the priu
cipal cities of those States, or such rs NAV
he conveniently located, to receive The
Bills Of each other in their general business
aud 10 adopt such arrangements for setrle.
ments, ut short periods, rs they NAV deem
suitable md proper; the Banks against
whom the balance should fall, 10 furnish
funds Tor settling the same, or to nav an in
tcrcst OF SIX per cent, from the period of
settlement, and that a committee of five he
appointed to take such measures as, in their
Judgment, will carry fully into effect the
preceding recommendations.
8. That the Merchants OF the South and
South West, be earnestly Recommended To
give preference to the importers of their
own markets, and they afford them an on. .
portunity Of fair competition with other
sections, by making their first calls for pur
chase al Southern and South w estern sea-
ports; and on the other hand, that tho
Merchants at the sea ports shall, forthwith,
Sc. about importing such stocks of goods,
as Will ensure. ut fair rates, n supply 10
the demand from the merchants of the in
terror.
d., That an earnest and united eGor,
shonil ne made TO draw home the capital
invested by the South in Banks and Com
pan'es abroad and 10 employ the same.
together with such surplus capital as exists
ct home, in mercantile operations: and ,ba,
with this view men Of influence and char
actcr be earnestly invited 10 afford tho ben
etit of their example. by entering iuto Lin
tied Partnerships under the laws lately
passed by the States Of Virginia, S. Car.
| olina. Georgia, Alabama, Tennessee onJ
Florida.
D. That this Convention cannot bui wow
with deep regret, the neglect Of all com.
mercial pursuits which has hitherto nrevo;J.
cd among the youth of our country. aud
which has necessarily thrown its most i'm
p2rtant interests into the halrls of ,bose
fwho by feeling and habit are led into com.
mercial connexions elsewhere. This Con.
vention, therefore, cannot too eafnes,Iv re-
commend the speedy adoption by ali their
| fellow Citizens of measures 10 introtiuce
commercial education among our you,h !.
:" "a' thefnu UP 10 hnoiissof business, and
thereby to establish body of merchants
whose very interest and feeling shall be cen
tered in the country which has reared and
sustain sthem.
S. Resolred. That this CoDvcn,ion 10 ot
opinion that the establishment by manaG,c.
| tuIcrs IN foreign countries OF agencies in tho
Chief southern ports, for the sale of the va
| rious articles exported by them to the u.
| States, would cOnduce to the restoration
OF the direct foreign trade of the South :.
ana mat similar establishments, for The
sale oil domestic articles would he very ,c-
ceptable.
hesoiced, That committee of FIVE he
appointed 10 prepare an address to the peo-
pie OF The Southern and South Western
states, urging upon them the expediencv
OF giving their hearty Corporation. in The
accomplishment of the great Object of this
Convention.
z, Resolred. That when this Convcnt;on
adJonrns, il shall adjourn to meet in Aucus-
ia on the Bird Monday in Oct. next. d tin, n
committee OF correspondence be appointed.
whose duty it shall be to take the proper
measures to enlist the feelings of .l,e peo-
pie' and secure cordial cooperation on
The part of the States interested in the
oplects Oh Tins Convention, and to secure 81
States,
8 Resolred, That it is recommended :,
Tue ncmoers oi TINS Convention, 10 assem-
bic the citizens ofthcir counics or districts
aud place before them their PROCEEDINGS
and urge upon them the cxpcdiency of nro'
noting tho measures recommended bv ,h;s
convention, and particularly of forminr
Limited Partnerships, under the laws mass.
ed ny the Southern States, as aforesaid.
whereas, the completion of the lines con-
meeting the Southern Atlantic cities with
the great valley of the Mississippi is the
most prominent and efficient measure TO
promote the useful and patriotic object
which has called this Convention together.
therefore
., Resoired. That this Convention ;s
deeply and solcmnIy impressed with the
transcendant Importance OF the great works
OF Internal Improvement, which is intend
ed to effect this intercommunication, and
most earnestly invoke the people of The