Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1838-11-01
From the Charleston Patriot.
THE DIRECT TRADE

We have dwelt on the necessary agency
nf The Ranks in the promotion of a direct
intercourse with Eur0pe-lst, in euabIinp
our merchants, To purchase in Europe. Nv
means OF letters of credit. and End, to sell
on extended credit in the u. States bv the
discount of long paper. The Bank of
Charleston has boldly led the way in effect.
my 'ht firSt object. That institution grams
le't~rs OF credit for the moderate charpe of
per cent, which is not above "a reasonable
guarantee for endorsing The credit of parties.
IL now remains for the other institutions
oi me ctty. IN romnexiOn with the Rail Road
bank, to perform their part, bv tiscnun,
ing 'ne paper receiving by our wholesale
merchants from their country customers
Without the due combination of these ,yo
clements OF credit, it is unavailiny To enter
mt" competition with the New York i'm
porlcrs.
Next in Importance to these means is the
establishment Of lines or Packets wbe,her
by steam "r Sailing Vessels, so rs to in
sure regularity of communication This is
a necessary ingredient in any scheme for
the recovery of the Direct Trade. The
object of profit should not lie souaht. and
Il necessary, it should be sacrificed, at the
outset, To establish regularity of commu-
nicat'on hy line of sailing or steam pack
els. Let The merchants OF Charleston and
savannah commence the work, hy showing
disposition 10 subscribe liberally towards
IL themselves, and inviting co-oprration
from public spirited individuals, in the in
terror towns, 50 as tu acquire funds for mr.
pose which is intimately blended with nnv
well considered plan of Direct Trade. IN.
confined capital and individual cu,crnrse
are inadequate to This Obj. Ct. l. requires
conblnhtIon OF nI0nied means
as part of The plan, let agents be sent to
different paris of Europe, with which !,
would be advantageous to establish dir4c,
intercourse. Let these agents bring to the
view ot the capitalists Of Liverpool and
f1avre, the benefits to he obtained, by ,,n-
to'ding TO their view the resources of ihe
oouth--'he n'"urai advautHg-sI the eu,it3 : -
Cincs present for uninterrupted commerce.
in heinS accessible by Sc ali the yenr round !
the prospective profits of AN extended in
tcrcourse connected with our projects ofin.
iernal Improvement, now in pro.ress of
execution, III laying open to commcrriol en.
ierprIZe body OF customers, in the interior
scarcely h"nn'i,d b, any limits of snare
Ihe best consequences NAV he cxpecred
ny the aDpuIntn' ut of active and intclI,oeot
agents Tor the purpose. 1t is in this man
iier-it Is hy ii.t employment Of gents IN
me interior, who invite the country mer-
chants t" seek their supplies in Charleston.
tlIa' the whole safe dry Snnhs and grocery
business "i this city has hren so much ex-
tended ol late years. Such are the. means
ny winch the interior Is brought into close
ana Constant communication with the Sea
Board, and it is by similar means ,ho, rho
Southern cities si,oul, extend and strength
ch thtir intercourse With the merchants and
capitalists OF Europe. Nolhing can or will
:" eh'c'eu "l permanent advantage in pro-
motion oi the Direct Trade, unless II is bv
The cooperation Of foreign capital. which
such agency can alone accomplish.