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

SOutlirrn scaportS, the same facilities which
are offered elsewhere, and with this view il
Is recommended tha, the banks in the sea-
ports should Immediately apply Il portion
OF their respective capitals 10 the purchase
o: foreign exchange, and to the procure
mcnt cf credits or funds III Europe; and
that they should afford the use of ;hc same
to the importing merchant upon IL discount
or collateral pledge of such good paper as
he may take from the merchants o! the in
terror. and that this accommodation be ac-
iordctl as well upon paper having more than
SIX n0ntliSt to run, as upon that having less;
and that the Banks of the interior co-opc
rate ty collecting and rcniltins the pro-
ccctis oi such pnper to The banks on The sea-
coast; that they maintain the credit of their
bills, and keep down the exchanges by re-
dccin.nS their own paper at the scnports;
an" mat on the other hand the banks in tie
southern Ailanti" cities make Arrangements
ny which tho notes of all Of them Shall l..
at par in each
:, That with lew 10 the importau,
subject of cIualizing the exchanges bc,wccn
Southern and Southwestern States nnJ
Territories, this Convention earnestly rc.
| commend to the various banks of the nr;n-
cipal cities of those States, or sucl, rs mnx
he conveniently located, to receive The
Bills of each other in their general business
aud to adopt such arrangements for settle.
incnts, ut short periods, us they NAV deem
Suitahlc and proper; the Banks ar;,iu,t
| whon the balance should fall, TO furnish
FUNDS Tor settling the same. or to paw an in
| 'crcst oi SIX per cent, from tho period of
settlement, and that committee of five bc
appointed to take such measures rs. IN ,hc;r
Judgment, will carry fully into cilcc, ih,
preceding recommendations.
q. That tho Merchants of thc Sor,, ,,,,,
South West, be earnestly Recommended ,o
give preference to the importers of their
own markets, and they afford them an op j..
p"rtnnlty OF fair competition with other
sections, by making their first calls for pur
chase nj Southern aud South Western sen
ports; and on the other hand. tim, Tho
Merchants at tho sea ports shall forthwith
sc, about importing such stocks of goods
as will ensure, at fair rates, q supplv IN
| TIC demand from the merchant or t,,c i'm
| terror.
4. That an earnest and united effort
| should he made To draw home the ca,i,,I
invested by the South in Banks and Cam.
panicS abroad; and to employ the same
together with such surplus capital as exists
at home, III mercantile operations: and rhnt
with tins view men of influence and cb,r-
actcr he earnestly invited to atlor, rl,c ben
cht OF their example. by entering into Linn
"ea partnerships, under the laws lately
passed by the States Of Virginia, s. Car.
olina. Georgia, Alabama, Tennessee ,mJ
Florida. anu
8. That this Convention canno, ,,,,, ,o
with deep regret, the neglect Of nil co,n.
mcrcial pursuits which has hitherto nrcv,;j-
cd among the youth of our country. and
winch has necessarily thrown its most im-
p9rtant interests into the hanrls of ,hoco
who ny feeling and habit arc led into com-
mercial connexions clscw here. This Con
vcntion, therefore, cannot too earnestly re-
commcnd the speedy adoption bv all their
| fellow citizens of measures In ;n,r,l,oo
commercial education anon" our von,i, .
10 H"i" 'icm up TO habits Of bushes, ,n,i
thereby to establish body of mcrcbnn,s
whose very interest and feeling shall be- con-
tered IN the country which has reared nm,
sustain sthcm. ~
8. Rcsolrei. That this Convcn,io, ;s of
"p'nion that the establishment by mannG:,c-
'utcIs IN iorciSn countries Of agcncic, in thc
ch'cf southern ports, for tho sale of ,,c q,
I,ous articles exported by them TO the u
S.ates' would conducc 10 the restoration
o' inc d'rcct foreign trade of The South :;
| ana mat similar establishments. fnr ,h
sale of domestic articles would hc v,.r,, .,n
ccptablc. "
Rcsoired, That 4 committee of five ho
appointed TO prepare an address to ,hc n.n-
PIC oi The Southern and South Wcs,cr,
states urging upon them the cxpcdicucv
oi giving their hearty co-opcrarion. in ,hc
accomplishment Of tn" great ohicct of ,h;S
| Convention. '''''
| ~ Hsoitrd, That when this Conycut;on
| ad)onrns, II shall adjourn TO meet in Aunus.
| Id ON inc ori Monday in Oct. next. & tin,
committee OF correspondence be apnoiotcL
whose duty il shall be To take the nrn,n,
measures to enlist tho feelings of the pco.
plc' ana secure cordial co-onera,ion -,
he part of the States Interested in ,I,n
objects Of this Convention, and to scc,rn. y,
lull representation from every par, of those
| States, .
8 Resoired, That it is recommended =,
inc members Of this Convention, 10 assem-
bic the cti"cns Of their counties or ,is,r;ct.
anu place before them their PROCEEDINGS
an" urge upon them the cxpcdicncv of uro.
| Ih"tlnS the measures recommended bv thi.
convention, and particularly of formi,r
L,,h'tcd Partnerships. under the laws pass.
q" ny TIC southern States, as aforesaid.
Whereas the completion of the lines con-
ncctihs The Southern Atlantic cities win,
the great valley of the Mississippi is the
os. r".''"c"' nn' ,Icnt measure TO
Pr"hote me useful anu patriotic object
which has called this Convention torc,bcr
therefore o ~''
., ReS0irea. That this Couvcn,;,, =
deeply and solcmnIy impressed with rho
transccnhant importance Of the great wo,LS
OF internal improvement, which is intend.
cd to elect this in.crcommuuication and
most earnestly invoke thr ,,,o,,l ci