The southern press. [volume] (Washington [D.C.]) 1850-1852, 1851-11-10

bringing the manufactures to our own ware
houses for his supplies, and thus dispensing
with intermediate markets and intermediate
agents, may be seen by reference to the follow
ing table:
Total charges now paid on 1885,
100000 lbs, $42,3I2 500
Deduct for necessary charges as fol-
lows:
For charges in Southern sea-
ports,as per table above, 5,437,0OO
Freight from Southern
ports to manufacturers
receiving ports, on "
250,000000 lbs. a I, 9,375,000
Marine ins. on do, at $50
per bale at per cent, 100000
Small incidental charges a
40 cents per bale, l,000,0 00-l7,3l 500
1876 900
Leaving balance of $25,000,000, which, if
these estimates are correct, must constitute an
unnecessary charge on the cotton planter, and
might be saved by transacting our business with
the manufacturer at our own warehouses. That
the organic alton of such an association as your
committee have suggested, would effect such a
revolution in the cotton trade, they think might
be shown. SO long as the cotton remains in
their warehouses, it would be under guarantee
that it should bring a certain and fair price the
benefit of this would be lost az soon as it was
removed. Under such circumstances who would
ship it! Would the planter or Spectator re-
move bale? What would be the inducement !?
Such a removal would not only forfeit the guar
antee but render it certain that the cotton must
reach the manufacturer with an accumulation of
unnecessary charges, by which the nett price
would be reduced With strong inducements,
therefore, for its remaining, and a certainty Of
loss on its removal scarcely bale would go
except to the manufacturers order. Effect such
revolution, and Liverpool would no longer be
the great cotton market of the world, and gov
ern prices for us--pur own Southern ports
would become the manufacturers market
our own merchants would be their purchasing
agents-we should learn to do our own bust
ness, keep our means at home, and this would
bring the commerce of all nations TO our ports
the gold and produce of all would be brought
to our cities to exchange for our cotton. We
should become the great importing as well as
exporting section Of the country. Business
would invite capital and popuaton-our pro-
perty would be greatly enhanced in value--we
should be Independent of all sections and coun-
tries, while all would be made tributary to us.
In conclusion, your committee will ask, can the
necessary capital be raised Why not Eight
dollars per bale on the production of single
year would be sufficient, while they have at
te npted to show that ten dollars per bale, per
annum, woud be saved in expenses, and there
can be no doubt that similar sum would be
received by increased price. II so, fifty mil
lions of dollars year would be added to the
90 ton planters income. This benefit would
be common to all, and is deemed sufficient to
tl,a sub of Iol H.,
even if so much would be necessarily sunk in
the operation, But your committee can see no
reason why the capital should be lost; on the
other hand the cotton commissioners, &c, have
been estimated to be worth in the seaports s.
437, 800 dollars-the interest on the capital
would be equal to at least $l,000,000 more,
making 6,437 500 dollars, while the back stor-
age, receiving and forwarding, commissions on
consignments of other produce, and on vessels,
with great variety of smaller matters, would
hardly fail TO pay the expenses of conducting
the business, leaving the interes. and cotton
business as a dividend of nearly
thirty-three per cent per annum, TO the stock
holders.
Your COMMITTEES have thus considered, as far
as their means of investigation have allowed
them, the questions Of over-production, and our
capacity for over.production, the influence of
irregular production, land the possibility of con-
trolling its effects, our ability TO increase the
consumption, improve the price, and save large
portion of the annual charges and expenses now
paid"
We confess that we have no confidence in any
of these hot bed systems, designed TO contest
the great law of trade 1t is always safer, not
to attempt to force an interest by any system of
monopoly, but to leave the whole subject to the
salutary operation of supply and demand. Very
diferer tly, however, do we view the movement
for direct trade with the continent of Europe,
set on foot by The Macon convention, under the
most favorable auspices. The resolutions of
Mr.. Baylor, it strikes u.s. contains the germ of
the future greatness of the South-taken in
connection with fixed purpose to patronize
and sustain our Southern home and manufac-
lures 1t is not to be expected, az says CORES.
pondent of the Savannah Georgian, that the
Southern country can step at once from posi-.
ton of absolute dependence and subsection TO
one of complete sef-reliance. 1t must be
work of time. The first small beginning Of this
noble object must, like all other great policies,
increase gradually, growing with its growth, and
Strengthening with its strength, until we shall
see our sparsely populated lands, the seat Of
commerce and manufactures, and our deserted
the worlds shipping and emporiums Of the
worlds trade. Let the friends of direct trade,
be watchful against their opponents who are
busily engaged in tearing down the structure,
which is now rising in our midst let their senti
ments be repudilted as the ebulitions of the
wrath of disappointed men, who are jealous oil
a new power which may diminish their own
spoils.
The following resolutions. offered by Mr.
Baylor, U. s. consul at Amsterdam were unani-
mously adopted
LIST. RESOLVED, That this convention appreciate
the importance Of direct intercourse with the
continent Of Europe for the direct export" of
the varied products Of the South, and the " d.
rect import" TO our Southern ports Of the pro-
duce and manufactures of Europe consumed in
the South.
ID Resolued, That this convention recognize
and feel the importance of direct trade in all its
branches, as n necessary principle that must en-
ter into and become part of any plan which
this convention in its wisdom may now or here
after adopt--as commerce must be its basis and
" direct trader the proper medium through which