The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-08-07


A,,hor.h NAV moi be generally known, yet il is
srthes The fact that negotiations have been for several
dave pending between the Two branches OF 'hs wng
uastv with view heal the differences ~ It's ranks lha
ksvs for some time threatened it's total destruction. One
,~r~ ri The party as we'll understood, has Tor long
time been deeply interested in the growth OF "wooi.
while the other portion has devoted itself with no iess
industry 10 the culture OF cotton" Each party having
considerable capi,a-poca and OF other kindsIn'ss
Cd 10 its business, il has been found dmcua ~ IN
cover basis upon which both could meet aiu ool"
harmony. One party 10th TO give Up 'he Ill.,; a.
business, while the other party was equally un hs.d
Ielinquish The g cotton" trade In tins aieinn'a, I COM
fellow proposed that they should form ga ynrI nm
pany and 20 into the featuring lihe' anu Wo'k up
The amount of material they had on hahd ms P.opo
alton was hailed with delight, and mas, we
hem sdoped The article most commonly Piouuceu oy
,-c-k,rs oyether wool" and cotton Is usually called
s.tinet and we hear that the style oil he new nr CON-
posed OF the Sewardes, or wool-growers o. me one
srt and the silver gays, cotton Dealers OF the other
.rt r. 10 be "The Salinet Party, 10 " HON the cores
ponients OF the several individual members OF the new
m are requested hereafter 10 address all their communi
Some of the more timd were at first reluctant join
in this adventure considering II an unsafe business
without protection but the confident carried
the day. and established the faith OF the waverng by the
that with the amount of capital brought into
the by the several parties, and the addition OF
in canal certificates to back them. they would
Be able 10 meet the coming crisis and DIVE the ihng
through Sill it is feared that the recollection OF the
in which the promises OF the individual members
Of the firm have been protested in time past will prevent
ultimate success that its operations will therefore be re-
garded by the public with no little disgust that \
will be cassed among the "ancies got up for spec.
ulating purposes and the time is indefinitely remote
when the market quotations. will show "satine" stock
a&s s.h, y. woosr. ., ,be section" 0,ere,, is to
prevail has not yet tTanspired nor have the precise
terms upon which the copartnershp is arranged been
yet made public II presumed, however, that, as wool
enters more largely into the wool than cotton, the
management of the business will be in,rusted to thai
party, while the profits and losses OF the establishment
will DO borne and divided equally Ii this be So
prediction that under such management they viii
not pass the FIRST crisis without exhansng all their org
nal capital swapping the 900 in canal certificates
on which they confidently rely, becoming once more
bankrupt in character and credit, and that Le saline
party"-the firm about which had clustered so many
rising hopes-will be unable to exhibit suicency OF
assets deceny its friends for the closing
up Of its business.
r. s. Since writing the above the details OF the bar
gain have been made public, from which il appears tina
each member OF The hTn still 70 follow to some exen
his original business One is still TO grow wool ant
the other to raise "colton )" but while this s doae
preserve the semblance OF independence and principle,
10 at the time done from interested and sefrl
motive, TO the end that the dvdends-or sros lhe
are termed by The establshment-of the great "sat
met" may thereby be increased 1t is howeve
understood and agreed that "wool" "cotton
shall be produced than just necessary supply The de
mands OF the "sa,Inet party and furnish just enough Il
keep II in good running condition. This would be
wise provision and should expect TO see 1t perfectly
carried out, did recolect the solemn oaths Of boil
the contracting parties on The one hand by every mean
to discourage the raising of cotton and the other
have sympathy fellowship with the "woo" grow
era, and not give their endeavors till either the
one material the other was absolutely driven out OF thu
market.
A both sides have all along proessed to be acuatet
by high principles and conscientious scrupes will no
Be strange II on attempting TO star. up Inc machinery
fee,s which will produce jarng and disorder and an u
innate crash