Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-10-25
COMMERCIAL CONVENTION.

Franklin Hotel, to appoint delegates TO the Com
mercal Convention 10 be held in Norfolk Borounb
on the second Wednesday in November nes,
Martin ". Ddrenpo1t, Esq. (Mayor) was called tn
the chair, aud Richard H. Ioler appointed Secreta.
ry.
The object of,he meeting having been EXPLAINED
by the Chair the following Resolutions were offered
aud unanimously adopted:
Approving o. the great object contemp,ted Inv
the Commercial Convention. proposed 10 he hell
in Norfolk Borough, on the second "Wednesday or
NoVembernexi, and believing that this object can
only be eitectedby concerted as well as cnc,cc,c
action:
Resolved, therefore, That it is expedient that
the town OF Lynchburg be represented in that bo
dy.
Resolved, That the chair appoin, twenty dele
gates to the Norfolk Convention and that il be
competent TO said delegation TO fill any vacancies
Which may occur, by reason of the inability of any
individual, so appointed, to attend that coca
sion,
Resolved, That, in the opinion Of this meeting
the construction OF State improvement. from tide-
water to lis Southwestern rs well as Northwestern
boundary, cannot fail TO exercise powerful innu-
ence IN promoting the revival of, and III hereafter
maintaining, against all rivalry and competition, a
direct TRADE with foreign ports, limited i'll extent on
y by the consumption OF Virginia, and of those
States, which through the fundamentally Of those
Improvements, may be drawn in connection with
her.
Resolved, That in the yitly important object pro-
posed by tie Norfolk Convention, the Eastern and
Western sections OF the Commonwealth have a com
mon interest," aud TINT It's consumlnatioa should an
list their harmonious and jealous cooperation. the
future prosperity OF both bong dependent upon tue
success Of the effort 10 open channel of commu
nicaon from the seaboatd 10 the mountains, and
thereby TO make one he great sorehouse and mar
ket of the other cnrlching the " est by stimulating
lis industry and enlarging its capacities and means
of prodution, and the EaSl by increasing the mum
Der of its customers, and swelling indefinitely the
extent aud value of its commercial operations.
Resolved, That fellow citizens, in this and
the neeIboting Counties be respectfully requested
to co operate with us III this, perhaps final struggle,
10 restore the commctcml prosperity oil the Old
Dominion, and to give new impulse TO her long
slumberng and ill-lircced energies.
In pursuance OF tie second resolution the follow
ing gentlemen were appointed Delegates to The
Norfolk Convention: john Victor, John q. Mccni,
Dr. James Il. Royal, Henry S. Langhorne Vim.
Daniel Jr, John Early, Aibn Mcdaniel, David q.
Muuell, VIM. l.. Lancaster. John Tonpkins, Sam
uel Miller, Henry Davis, John w. Bagweli, John
X. d. Payne, Maurice Langhornc, IT,. Smlthson
II. Davis, John r. Mcdaniel, Dr. Jno. \. Brooks,
james b. Renwick and liichald II. Iolsr. And, ON
motion, tile name oil the chairman added to the
delegation
On motion, ordered, that the proceedings of
his meeting be published in Tie Lynchburg Viz
gniln. NJ. W. DANENPOR1, Chairman.
h. II. ToLrE, Secretary.
o. In connection with these proceedings, we in
vito the attention oflhc reader the luminous ex-
position, in another column Of one of the causes of
our commercial decline, and OF the remedy suggest
ed for the restoration of our former prosperity, from
the pen OF three OF the most extensive, well informed
and practical merchants Of Rehmond-to wit, tho
deficiency heretofore Of Banking capital in Virginia,
and the consequent necessity for its augmentation.
Whatever may be said of the excuses of the Bank
ing system, which The history of some of the States
this oonledclacy exhibits that charge cannot ho
urged agains, live kave erred at all, it has been
in too obstinate adherence to the contrary policy
Entering into the system at first with reluctance
which nothing but the example of her sister States
could have subdued, Virginia, though she At
time, lin l8l6) became dangerously Infected with
the mania, has ever consented to its expansion with
tmid and cautious jealousy. At no time has
she possessed, as comparative tables demonstrate,
any thing like equality of Banking capital
with any Other State in the Union, North Carolina
perhaps alone excepted That her commercial de.
cline is in great measure attributable to this fact,
cannot be questioned by any intelligent mind this
peculiar organization of capital being necessary
commerce sails to the ship, which, sluggish
and unwleldy frame until the canvass is uufurlcd,
becomes forthwith invested with new powers, and
''waks the like thing of hfe." But on
this theme it is needless toadd wold to the striking
facts and 10 the cogent arguments embodied in
the Address Of Mcssrs. Caskie, Ellis aud An
dcrson.
If tionaI Banking capital however, be neees
sa,y to enable our importing merchants TO enter
fairly into competitions in foreign markets, with
the Northern capitalists, additional ulets from the
scaboard to the interior is not less essential elc
ment in any scheme OF commercial renovation which
may be adopted. Indeed, firmly convinced are
we of its paramount and overshadowing importance,
that we can have confidence in any plan, ofwlcll
thus system shall not constitute the basis. Furnish
good roads from the interior to the coast and cheap
en- fhe price of transportation, and we shall not only
invite 10 market the surplus products of immense re
gions OF country whichate wasted. but we shah
create, as ii were, fields of industry which there
is now no lnduccment to cultivate and draw into the
newly opened channels Of commerce additional and
valuable articles Of traffic which now lie in our
tam solltudcs, wholly unpoductve either to their
owners or to the State, simply because, with our
the cost OF carriage to market. If Tomorrow for
example, as by the mere touch Of Aladdin's lamp,
the borough of Norfolk should become suddenly an
immense importing city, filled with articles of ueccs
sity and luxury from every land on the face OF
the globe, and offering in the richness variety and