The Sumter banner. [volume] (Sumterville, S.C.) 1846-1855, 1851-11-25

tratcd, and enforced by the friends
of the different projects. But l
hold, in the language Of my Rcsolu.
tons sir, shat Commerce, as neccs.
sar,y principle, must enter into and
become a part Of any plan which has
been presented for the consideration
of this Convention, and Direct
Trade the proper medium through
which it should how.' For instance,
in relation to the plan of the gentle.
man from Florida, (Judgc Brownc)
and which is admitted by all to be
most independent Of Commercial i'll
tlncncc. Suppose that the crganiza-
ton desired III his mastcrly report is
completed; the Cotton Of the United
States concentrated in one company.
and the warehouses opened to the
world. New York, Boston, and
England come in and procure their
supplies. ly the admirable system
of their Commercial and Financial
arrangements, they import direct the
Cotton they purchase. And they
will do it too. For allow me to say,
that England would not be guilty of
the folly of shipping her Cotton via
New York or Boston; nor tue Nortl,
via Liverpool. AS much rs they
preach no'r that such system is the
best, they will never be found swal.
lowing the pill they have drucgcd as
with for the last 30 years These
bidders arc disposed Of. But what
becomes Of the continental market,
with which We now have no direct
intercourse? What becomes Of the
small! manufactures on the continent?
What becomes E tho PRINCIPLE tl'at
we must cSttiI our markets and
consumption to keep pace with our
production rapidly and yearly in,
S-rcasln@? There is sir. no direct
communication with these important
interest: no correspondents; 10 agents
established; no credits opened; 10
medium Of Exchange through Which
to transfer the necessary monicd ia
cilitics to our shores to enable them
to compete with the North and Eng
land But we will suppose that
these difficulties arc overcome; that
they have under these unequal cir.
cnmstanccs obtained their supplies.
What are they to do with them?
How are they to convey them to
their manufactures? Either by di.
rect transportation, or circuitonsly
as ncw. Say that we have no 'Di-
rect Trade, and that they are CON-
PEELED to chip via the North or &.ivcr.
pool, what is the consequence? The
additional expenses Of this unnatural
trade, enables England to under sell
them at their own doors; for the more
you condensc Cotton, the less cxpcn.
slvc its transportation becomes, and
greater in ratio its value. The
nearer its place Of production, tl.c
more beneficial :hc principle; and
the day will come sir, when its manu-.
facturc in the first stage will be cx-
elusive confined to its place Of
growth. The effect then of such an
arrangement alluded to, would DC to
parallzc the manufactures on the
continent, and check consumption
now rapidly extending, even under
present difficulties. These dil1icnl.
ties should be removed, and no fur
thcr trammcls allowed. The result
OF such an organization without the
principles Of Direct Trade would
be to strengthen the monopoly Of
Liverpool, and rivct upon us her
grasping Commercial power. For,
if you concentrate the Cotton crop Of
the South, and put fixed price up
on 1t, 1t becomes transferred mo.
a'opoly, monopoly for sale, and
England through her Rothclilds, or
New York with her Astors, or both
combined, can come in and buy it
up. | ask, Mr.. President, if the
whole Cotton crop of the South was
thus concentrated, and thus bought
up by the North and England, (and
which could be done with all the
case in the world) where would the
Cotton Power be lodged? In
whose hands sir? Would not the
right of exclusive property and con
t:ol, be transferred to them? And,
II we, because of the intrinsic value
OF Cotton could get ou price, could
not New York follow in our tracks
and get her price? Most assurcdlv.
Ii | were wealthy enough, | would
not des:re better speculation, for
the world must have Cotton, and if
you were to send it after Sir John
Franklin, the English would send
after it. 1t has become an absolute
necessity, which must be had or done
away with; our Cotton and our labor
must be equally distributed. Mo.