The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-06-05

From the Louisvils Journal Nav SOL
rHE nRMPHIs CoEvENTloN-INDUsTRIALA AND COM
MERCIAL INTERESTS or TIE SOUTH.
We ooh TO this body with strong feeling Of conddsncs
hsss At least one element Of prsccabty In the %.
ccts sveS cd, which must command the attention Of the
ccnentaon-we mean direct trade not in days past
xhsn was meaningless, but direct trade modern.ed
THIS direct trade aims ut results in plain way, ana II
the movement fail 1t viii be from the most inexcusaols
nssgencs Of the South itself The feature In this move
ment which alta attention the proposition to
fzm continental depot cotton and also to spin
our cotton into yarns for foreign markets.
The idea continental depot 10 resist the monopoly
ooosss 81 ard truly Ame' icsn in sl its bearings The
reeaDg of great American staple from the selfish
monopoly % England object devoutly be desired
The question not merely Southern (ahough directly
Interesting planters butt is of peculiar interest
the manufacturing progress of the West and that
empire Of the Ohio and Mississppi continental
pot cotton Will give another stimulus the culture of
cotton The recent removal Of the restrictions from the
intercourse Of the nesbborng provinces of Prussia and
Austria has opened up consuming interest OF over
seventy millions OF people English monopoly, however.
still keeps from direct contact with that population
Restored peace and confidence on the continent have
advanced still the cotton manufactures there but
English monopoly checks that advance by compelling
continental capital TO buy in Liverpool Consumption
the must transit tax of 80 per
before he spin his cotton. Ca al goes begging at
~, and "a per cent, but fears invest cot ton
VIII CHI up down at the beck of British CAPT
tai The continent is the largest consumer Of cotton
taking besides its 400 600 $50 900 bales Of
also two Thirds Of what England herself manufacturer
Yet that con nent ignorant of and the con
tnent Therefore, say that the formation of q
bents depot OF cotton Is question Of the first wagni
tuce o extends consumption stimulates production
ard prevents monopoly and tuctua ton
The question naturally ares, How is this depot to be
formeoS IL is the to this shich gives
satisfaction and sincerely ejoced that after
many years Of vain lopgngs. begin to see our way
clear We glad, also. have our power to give
some ASSURANCES on this head From limitations from
time to time in the Baltimore and paoers Wa
have noticed the gradual progress OF a correspondence
upon ibis subject. We published the other day,
roupcenent entitled to our fun csnGdeucs by the Ma
onai Lehgcnor that this correspondence is satiSfac
torily closed and rhe agent of wealthy and powerful
European company visits America and will ben Mem phi
"a mi tlaY.o ftl1vo
powered 10 act be may deem pest II he does
Memphis in time. suth,ri propositions will be made
house IN Baltimore has taken hold # the matter there
and uDde stand that Of best Louisville houses
cootemplaies establishing direct trade house in New
New Orb ans with full powers and ample facilities sd
vance the cotton planters will then have the last propo
What this proposition To ,hp direct through we'll
known Southern houses to any port in Europe, either
matter more simple and safe it i proposed that each
pAnter send smali proportion of his crop. By this
the result viii be known to greater number aad
nothing gained why the ordinary Of business
il not disturbed This seems fAie snd simple There
be rik aid objection and 20 IN matter de-
mands trial II there should be loss by it. In
unhopedfor event Of loss having the shipments thus
mentioning IT. upon the return of the account sales the
find the results satisfactory they will need very
erest 1t is cortended that direct trade is the inter
est OF the planter. The eadylet it be tried
We look to the convention to take this subject early ia
infIma ion let those Who expect to participate in the
trial come for. AID with their propositions and let sher
names g. forth to the planters Our chans may say
that this is not The usual order of business Never mind
the planters will appreciate those Who shall have the
moral courage to come forward asd take the lead 1t
viii not iDure the general business of gool hou,e
We Gov come to hasty glance at the proposition to
PUT cotton into yarns for foreign export Like
the formation Of condneutsl depot this must be de-
monstated and eventually carried out by private enter
prise. England NV sells to the continent nearly fifty
millcns dollar. Annually of cotton ysrns Tbs enor
nous Tor English industry j. before stated,
a m faCt uras
largely but rsships to the continent in yarns ami cloth
states to e gland Of warns End shev sold vol Bat the
general profits in the Uniled States being better and the
parties not hrg to extend their business SO far the
trade not cultivated. These shipments from
Northern factories. But IL is believed that yam he
spun at The south and sol. in successful petition With
Eughsh yarns on the continent
costs ni,y thee of every hundred bales to get
cotton according 10 the sy'em) from the ine
Ia Mar chester There the cotn has t. be spun into
yarps, ard reshipled to the continent Be de this
there is loss involved in spirnng cotton in foreign
the staple for working Now, does the difference in
England If the rice labor, OF money and OF per
lection of machinery ard combination of capital
come that 80 per transit Then ,here ia
waste which fsy.d al be South There is trsnrporla
ton OF the from Eogaud to the continaat The
difference OF .eht l. never equsi to tue differences in
distABce 1t would Engar almost much to chip
her yarns 10 France to Australia Re that 1t may
we believe that England cannot the cost of get
ting her cotton in the spinning % yarns.
We car zee COED reason shy we sbouh ship co..
ton in baies i Is prudent 70 gin IT, is it not saving
also 10 spin il? Why shp sugar in the cane? The
OF failures arises think, from
eur atteu png too much spin yarns at first Our ideas
OF the superiority OF England in The spinning of yarns,
are DERIVED from results many years back Now,
then there have been changes, especially in the
perfection Of machinery, thereby doing away sth
immense amount Of human labor substituting machinery
for 1t. This consideration very mreraiy reduces the
item az expense under the head If labor" Fuel is
sr"ther heavy item of expense We have that alongside
Of cotton Iron also Thtre re mains then nothing
but the differences in labor price Of money and conbina
ion Of capital to overcome Are they equal thirty
three per cent? We think Dot.
a
this must be trisd How Is tots be done 10
reply, that few bales, say oue or two hundred viii
be sent the point spun into yarns of certain
No. on to The yarns thus spun viii DC sent abroad and
sold in the market TIE returns viii n " the result we
sIe informs that parry Of pre and enterprising
tTeu ere enpas % " carrying out this feat also The
dIect usde ovfnent IDS the poronation Of
judgment II these trials demonstrate the advantages
COMMENCED for the whole South and tbs whole Union will
De beDeied by IT, IL these advantages not sufficient
70 il duoe further action, why harm is done and a
great deal Of eful information viii have been obtained
result OF premature movement III this should
be prematurs at not distant day the vii b. built
toe South ~i eventually put her into ysras There
may be those doubtful to-day who will live 10 bale
OF cottoo article Of torei export, curiosity
CoNsoIEScE-Judge Howe Of Milwaukee, in his
charge to the jury in the Arm Wheeler case spscu
lstes ssfoIloss ia regard 10 Coincidence
Somewhere amidst the delicate mechanism Of
natures the Great Contriver has p8ced self adjusting
regulator usual called that pgfncipe which
informs the intelligent being this = Virgin and that
wrong. Man. get orally 6nt him discover both
good and bad faculties or propensies. Moral pniD-o
piers and theologiaB5 account THIS condition Of hu
manity, believe different hyoothe The l. takes
par in this controversy II Is adjusted 10 the copd
ton OF man a. he exists 10 society Hs i found eih
good and bad propensitie aud t offers eTards TO
and penalties spaiost the other Ana think
it's pen lilies mpo.ei according conscience per-
forms its Office Ia restraining these bid popensitie
neects IL and lets propenses riot 70 the detrment
of society. 1t does rot runish The iser whose eager
thirst for property prompts to deny himself every luxury
aud nanv comforts but whose conscience Withhold. his
hand from opratirg what does not lawfully belong
To him cannot Lawful " be secured IL does punish
the thief though the propensity acquire be not half
strcng within him because hi conscience suffers him TO
lay feionious bands upon the goods OF his neghbors
The theory advanced during he progress Of this rial by
witness IS, that in the thief the propensity 70 steal
grows stronger by exercise and the OF resistance
less until the propensity becomes irresisbls. aud
supposes moral accountability To be dminshe the
propensity is increased The law otherwise
by express enactment u mpose for many offences hen
a secnnd hmm a AZ