Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-07-25

We i.vite ssadl examination Of this whole ssAe.s for
the protection not Of southern interests bat for shs &C.
cuvity Of the commerce Of the whole country
Let tested by legal investigation and
reesearch il by this plan Of tae entire cotton crop
Of the placed beyond the possibility Of sacrifice
give security to the s be-, !, hod:r Il
that security which the just relations Of supply and
demand will always the oag run establish and 'usan IN the
trade Of q great md civilized country.
That time may be lost we beg leave to aPPe you that
agent having con6den will leave this shortly for Eu-
rope clothed ample instruct make such preliana-
arrangements with the houses in Liverpool and Havrc,
which may the sanction Of the Convention, have the pro
But there are epos in the of England whether
from insufficient harvess langud demand for her mAnuac
lures, political combinations when the bank may from an
urgent policy limit DISCOUNTS and increase her of in
terest. This event without its having
bghtg influence on any surplus Of ocr great staple which
exercise (unayodaby influence thus preudcial
may to our American banks Of security
protection without the nviaous camsr Of combination
monopoly time that the absurd and senseess cry
the OF banks making advances c.tton should be
dsrst.od and hny pu. Inc =. Ina, ~ 'ns mere
nearly bale Of Gotten subject TO foreign export and
this without the security Of the bill OF adng aad policy Of in.
personal responsibility Of the drawers and
ndorers Of the BILL Hence these losses most conrehen
sve aud die after every commercial crisis and revuon
Now propose giving to the banks all the higher
protection Of these securities and that early autumn
banks in each Of the great commercial cotton
markets of the SOUTH should making advances
the crop according scale to be graduated BY what will be
safe calculation Of its probable amount assuming LA cents at
home to be about the fair natural and remunerag
price Of staple product Of sixteen hundred thousand
bales which about as large return the actual labor OF the
country engaged in this branch of industry capable Of
harvesting The embarrassments Of the south western states
having the planters in these states from making
purchases of slaves from the Atlantic states. during
two years. wht than 10 per Of the slave
labor SOUTH been distracted in the period from
the cultivation of cotton and applied to the raising Of provi
sions and to the Of those extensive rar
in progress. throughout that portion ef the Union.
We Of the potent opposition, which plan
looking seldeence must invite both at home aud
and susceptible of combination not to be aroused into
tive perhaps nexorab hostility apology not to
be found the plea that have right to hold pro-
pery by the Of the credit Of country thea
fearessy say, at least 70 attempt IT, in despite Of
opposition however eager and mplacabe.
We have seen in the face crop 900 bales effort
made and nearly resulting IN success to the
ceptance of the prices which were incident to one
bales We ought not security the ad
Of the CROP which growing under the will
dspensaon Of Providence which has already suffered
many quarteD from intense drought and Others from the
ravases the destructive growth and maturity
We should lock the Of the short supply Of the last
year. and ali unprecedented deficit during the coming
The wisdom belong all seasons and all
times there saluary truth the honey aphorsm,
that those who do not take care Themselves are likely
be taken Of by others We therefore submit this call and
invitation you with the hope that you will be
pared to cooperate with in measure, in which we believe
the highest OF country involved
We remain very respectfully. isilyy ..
NATHL A. WARE, Of Mississippi,
JOHN c. GAMBLE. Florida,
THOMAS f.. TARTT. Alabama,
w. II. PRATT, Alabama,
ID. r. HILLHOUSE, Georgia,
}. J. HUGHES, Yazoo, Miss,
NATHAN McGEHEE, louisiana,
GEO. McDUFFIE, South Carolina,
ID. X. DODGE, Florida,
J. L. HUNTER, Alabama,
JAMES HAMILTON South Carolina,
A. b. DAVIS. Georgia,
HENRY w. HILLIARD, Montgomery, Ala.
JOHN BRANCH, North Carolina.
New Y-rk, July 5th 1889.
PSA the southern papers will oblige the sgners OF the
above Circular by giving Insertion in their respective
per.