Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1851-11-07

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-o,,rorsd ,ho patients Or. srbling seems
~ hive bern born for his office OF superintendent ' r.
~ ; IN chief and he is ably assisted. IS -, o,,est
fot M ~ mobiles, charities OF Pirsinla-"e refer ~
readers to the annual reports Oh 'n' u"'0' s
public documents .se.
MACON GAY CONVENTION.
-, r,onvanton has adjourned, and the fruits OF
oo ,ublished below We regret that we have
80 ~ for rho whole OF the interesting report OF the M
o, s tho committed They proceed TO show that 'ie
in the price OF cotton to whch 'he planters o's
forced 60 often 10 submit, are not larry aiouea ~ w.
drc,i,n-for in the last % years Inc "ho'e Proauco
b., 40 76O 900 bales while the consumption IN the sa
time has been 49, 900 bales, or an excess over e
,ion of 900 bales since loZo Inc co''' '1' ."e''
immersed with the opinion that, at fair prices ana
-. go ,ro,ozation on the part Of the American cotton
80, tho canacy for over-producton does not and ne
ie, In five years from ls40 TO ls45, the e1t!aor-
l i,crease in the production OF the world, averaging
GAO 600 bales per annum left on mana IN uope On the "
ncerbcr 1875 stock of 000 bales. Inc STOCK Oh
I'D in Europe on the 3ls December however, was reduc
0O baies-and from the short crops OF lo49 ano
o.o j. 10 calculated that the consumption now being lin
a md crrtaicd by short supply OF the raw material
Maov.r while the per cent increase IN American cotton
Id ~ three per cent per annum, the American con-
sumption has lncfeasea h'o'0 ''''' 'o -
num-
Tho committee having established that there has not BEEN
and probably will not be. any oyeproHucuon proceed u
trace to irregular production all the fluctuations to when
,ho GREAT interest of has been suoJcced Hhle IT.
reonr production cannot be prevented they think that Or
anzed concert of action will control It's etects-and the
Grand panacea for the evil is recommended IN the following
words .,,-
Nv wav of illustration suppose that the year 1881 yields
non oO b,es and that definitely ascertaned that the
cnntal employed only sufficient to manufacture
hesenow in the ordinary bu ,sa in
] Bn suppose the planters refuse to send the crop for
ward TO any greater extent than IS actually % M
ply w, ,hor 5OO GOO bales Such would secure
hon fair prices for the amount Sold ana contro me natur
effects irregular production 6a n yIa e
e his os has been shown would be to drive capital
If the manufacturing business and lay the foundation fo
subsequent low prices lis woS b of
n tho manufacturers Misunderstanding GOOD prices Tor ootf
and preventing the arrangement @hch would nave
!. sti,.d fron withdrawal Of manufacturing capital Thus
Ct the might through any number OF years, ane
admitting that there is aggregate over Pooucuon every
crop would bring fair price because offered only IN quaint
would protect against the consequences OF irregular pro
duco but be carried into effect by individual
al action There means procuring The necessary
IT. concert to say nothing Of other nsuperablc obstacles
nj If would do any thing certainly and effectively we
organize Cotton Planters Association This should
be by the States of South Carolina Georgia. Ala
TO bama Louisiana and Florida, with capital OF at leas
$50 be increased in amount as the wants of the
business might require The Association sDud erect OF
is purchase extensive warehouses in Charleston Savannah
Mobile New Orleans, Apalachcola and ST. hhrks, and es
ablsh each of those points regular commission bust
g. ness with view 10 the storage and sale Oh III enre crof
ST of the u States
. For the purpose of securing themselves thu whole
commission business they should establish minimum
al price which, for the purposes of this argumentWe will hS
at 10 10 l2S cents according TO quality and daon and
III averaging II cents per pound This shoudoe guaran
lied 10 ali their regular customers and all parties holding
lcntfn has OIL
ut manned in their warehouses The world should lave noc
that whenever the cotton offering was not wanud by other
at above the minimum fixed, it would be waited by TN
Assocaiion-that when purchased 1t ~oud never b
resold until taken at COST adding storage insurance. int
IL and another for selling This accumulation of chges wou
induce The manufacturers to take their supplied hefoe th
company would be required 10 take any nor is indeed
likely that they would be purchasers TO an large
tent Under such system the planter would no crowd tn
market with cotton is the CASE and spectators
the minimum price would purchase freely and ho with con
" hdence.
Another nducemen for such organization may be foun
its capacity for increasing the consumption provided IN
material furnished oo The me and Io so
hi 600 pounds about 100000 bales OF the most nte
rio part Of the crop. This would be four cen OF the en-
tire YIELD To this large increase in the consumption
Of the United States 1t would only be necessaryto erect IN
machinery foe manufacturing these artlcles-se them al
rfe above the cost of production and discriminate IN tn
minimum price fixed such extent might c found ne
ccssay against cotton packed in any other material I'M
would insure the packing of the entire crop in our own sta
Of labor in manufacturing the bagsing and rope necessary
But this the only increase to be ELECTED IN the con
TX SUMPTION; the guarantee which the manufacturer ever.
r where would have Incidentally that his goods when made
could never be brought into R J %oud ndea
production of larger proportion of numbersfee
ing that there could be risk in stocking himself heavily
pindIes would be stopped short time resorted 10 be
orders not in hand for work acad-he nanuac
turing business would be characterized by greater regularity
and conducted with greater conference.-the supplies
goods would be better and the consumption larger Anothe
nducemenl for such organization is the great saving
expense in getting our cotton into the hands OF The manu-
facturer.
The Liverpool market governs the American Market ant
maters where the planter sells his cotton he sells IL
reference to what is the supposed net value in Liver
pool and the difference between the price In our own sea
ports and the price in Liverpool is the Of charges
expenses paid by deduction from the price of the
when sold Taking the period of ten years, from l9d0
1850 is found that tho average price in Liverpool
9 100 cents per pound higher than the during TIT
time the seuports of the United States Taking this
the OF charges and expenses and estimating our pro
ducton for the yearsnt 100000 bales OF 500 lbs
il each and the expenses may be stated thus
$50 0U0 900 lbs. at 95. 100 cts per ID. 365750 O(
Add storage in American scapors averaging
three e months NOR fifty cents per bale, on 90 ooo
Drayase on do 10 100000
Brokerage extra labor, Sc &C., a Is $4,000
az per cent 3437 ,5oO-5,437, SOC
s423l2 500
Thus shown that, exclusive of charges in interior
towns, the expenses paid by the planter crop of the
size supposed would be 100000 dollars, nearly
dollars per bue and this $50 far the larger
item is concerned range Of prices Of only &c. and
mills in the American ports
How far these expenses may be reduced by concentrating
business in ports and bringing the manufacture
e to our own warehouses for his supplies and thus dspen
sing with intermediate markets and intermediate agents. may
be seen by reference 10 the following table:
Total charges paid 25O 600 900 lbs $40 32 500