Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1838-05-12

OUh GREAT STABLE mas HOW ,DcCUme
THE COMMON CURRENCY OF THE WoRLb.s'
II is the great MEDIUM OF EXCHANGE, reg
ulatIng, and controlling to considerable
extent, the commercial operations both OF
Europe and America. During the sup
pension Of specie payments, it affords al
most the only means Of obtaining tho
credits dJ:'Oci, on which Northern Com
merce has heretofore mainly relied for its
; support. This great staple is OUR OWN.
The revolutions which have recently
; taken place in the Commercial World,--ihe
} failures and destruction Of credit in New
York, and the stoppage Of the American
Houses in Great Britain, has brought about
J crisis peculiarly favorable TO our views.
Here is our Cotton lying al our very doors,
|, 1.-The produce Of our own fields, and fur
nishing at this time, the only medium Of
} Exchange for the Manufactures of Eu-
rope. Why should our own Merchants
not use ii for this purpose! The door is
now open to US and we have but TO enter
and take possession of that which belongs
to US. If we improve the opportunity, the
victory will be ours. The side in our af-
fairs" is at the flood. Let US launch up
on it bravely, and it will assuredly "lead
us on to fortune" But should this glori-
Gus opportunity be LosT,--our gallant bark,
instead of riding the waves in triumph,
may be driven among the breakers or dash
ed upon the rocks, or at best be again in
volved in those "eddies and shadows"
from which we may never more be able
to escape. Even the "Pilot who weathers
the Storm" may be compelled to "give up
the ship" when deserted by the crew and
left in condition so utterly hopeless.
i The MEASURES which are deemed by the
Committee proper to be adopted, in order
to carry these views into effect, are en-
bodied in distinct propositions, which are
herewith submitted to the Convention
They embrace, strong and emphatic de-
claration of the feelings and opinions of
the Convention, on the Importance of di.
rect import and export trade, and the du-
ty CT adopting all proper means for the
! purpose of establishing and promoting it.
They recommends sin the next place, strong,
earnest, and reiterated appeals, to the un-
derStandipe. apd-teelipEs ee.Ap. the.seeyala
pathes,-excite their patriotism, and to
call into action AN ENLIGHTENED PUBLIC o.
: p1NIoN in furtherance Of out Views. An
; adjourned meeting Of the Convention to be
held in this place, on the Sd Monday in
!. October next,-an ADDRESS to the people
of the Slave-holding States, and the adop-
ton of other suitable measure to secure a
full representation, at that Convention
from all the States interested, are among
the measures recommended. In looking
to the essential objects Of providing capital
and credit, as we'll as markets for our i'm
ports, and thus laying sure foundation
for the ultimate success Of our schemes;
a series of important practical measures
have been recommended, which If carried
into full effect, will, il is confidently be-
lieved, 90 very far to put our Merchants OF,
a footing with those Of the North. An ear
nest call is made upon the Banks to which
they can hardly fail to respond; to pro-
vide the required capital and credit, by ar
rongements perfectly safe as to themselves
and at the same time we'll calculated to fur
nish all the facilities, which the direct trade
will require. Aplan for equalizing our do
nestle exchanges, and keeping up the credit
Of our Banks during the suspension Of spe-
Gle payments, has also been devised, which
it is most earnestly desired, may be car
ried into effect by them. 1t is not to be
concealed, that without the aid and sup
/ port of the Banks, the difficulties in our
way will be greatly multiplied. twill de-
pend upon them, in q great measure, to de-
ternine the fate of our great enterprise.
In order to divert capital and credit from
other pursuits into the channels Of Com
merce, an appeal is also made to Planters,
Capitalists and others, to avail themselves
Of the provisions of the acts Of the Legis-
lutures Of the several States, passed dur
ing the last winter, authorizing limited
partnerships; and it is recommended that
the youth Of our country, should be direct
ed to Commercial pursuits, and prepared
by a suitable education to fill the RESPONSE
Bile station, and elevate the high character
Of the Southern Merchant. These, and O.
Their suggestions embraced in the Resolu-
\ tions, constitute the measure recommend
I. ed to the Convention for their adoption.
I 1t will be seen, that they embrace series
of measures ola practical character, all
believed 10 be we'll calculated TO promote
the objects for which they are designed,
Hist true, that weIcan do nomore than urge
the adoption Of these measures on the part
4 Of the Banks, and others Interested But
when it is recolIected that this Convention
is composed Of near two hundred Dele
gates, representing five States and one
Territory, aud when we consider tho
weight Of character, influences and ac-
knowledged talents of those who compose
it,--and when above all, we remember that
| they are engaged in matter Of DEF PUB