The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-06-23

q tsStine question Of great interest to thsmselves it
does seem 70 that they have the right But If 1t
cut trial that the prooeas the sdvsn
tsge Of the planter, by whst argument those de
fen1 their position who with prsss the movement
hpn i Was the part either Of selashnsas or folly
therefore say that the proposition Of the friends OF
direct trade has been misunderstood, totally BY
however, am willing to admit frankly, Qor
anxious for the whole issue TO be before this
Convention that direct trsls-ia other words the
ducton of transportation and all unnecessary interme
date charges and expenses necessarily In opposition
the present established system of trade. admit it,
But should We principles because OF That, be
charged with i'm improper motivesS Most assuredly not
believe sir that the system Of advances is
Of the of the South believe sir that the South
can become commercial until she has carrying
trade that she have carrying trade until she
has ships; that she have ships until her
chants and people have interest in bulldog and
finally, that southern will have a mott 20 for
building ships long the present system lasts These
are my opinions, A,ed on my ideas Of political economy
cipes merely they clash with opposing interests
is not argument-it is abuse, sir All is fair
gument and fair trial in good faith and will rely
upon facts and results for vndcAton Some OF the
Oldest and dearest friends of my life among minis
sion merchants We diagree honestly in opinions.
They go amasspg fortunes year by year The
mission business, while go agisting direct trade,
as i have right to do Is this for abuse
from either sides Not at all And therefore ask that
those who may deem their individual interests aec led by
this to remember that sometimes becomes the duty Of
public to aid the progress of not agree
hDle 10 mis- private sense
coppels say that il, upon denon this direct
trade practicable it is the duty OF the planters
to out matter what subordinate interests
suffer from it, The agricultural interests above all
others with The future commercial position of the
South is of Importance than the present interests
Of any set Of individuals These my honest senti
ments While have and Will ever have \ consistent
regard for the interests Of Others must confess that
particularly devoted to promoting the interests or the
planters SUCH also believe that alth0 agh the indi
vidual profits OF few may suffer direct trade success
full win give the South commercial independence Per-
believe direct shipments will advantageous 10 the
planter Cotton bought because it is cotton The fact
that Liverpool handles il has nothing at all do with its
value Neither does the manufacturer inquire whether
1t costs two cents or ten cents pound to get
1t to him. He wants cotton-simply cotton; he
desires much Of certain quality, certain price;
and believe me- gentlemen that ali this talk sbo ut
agents amounts to nothing They do not aid
cent to your staples original intrinsic value Cotton
raised for manufactures and not for speculation. In
regard to other products it is different Some raised
in all parts OF the world in all climates. All subject
to be represented by substitutes All liable to waste
and damage The Greeks ESQ the reports from
England viii soon drive American grain, for instance
out OF the foreign market But cotton is an American
mopopoly-A southern monopoly-the growers constut-
ing ogarchy Cotton is interviewer with the destiny
Of Europe highlands fate hangs suspended, literally by
thread of cotton. This quality Of intrinsic value pecu
liar to this staple, and consequently before stated
mparts demand which at enables the producer
holder TO realize cash for it. Now, we will suppose,
for instance that this staple embracing these elements
Of value Is found the foreign market the shape OF
bale exposed for sale, is there any planter dull of
merchan-ths port that port have added vaue2
1t is cotton and bale Of had dif.ed the sea-
entirely free Of and stood side by side with
sent the ua route the seadrft bale if IN order and
condition, would sell for much as the other IL
negro to raise his bale of cotton and send it
Europe this negroes bale would bring Just much
(f Of the quality and weight bale Of cotton
bought by the Earrings speculation How absurd them
that the planter hazards the value o. his staple
by shipping it himself How perfectly absurd All he
has to do to get his cotton the best MARKET and let
him get it there cheap possible, remembering that
ation These remarks necessary Is Introductory re-
Elections 1spow cos thirty three per cent an ave.
rage to get cotton from the interior to England Tais
enormous tax is added to by additional charges to tho
continent of Europe Now, contend that the same
cotton could shipped and give merchant
able ard fair pensation business, to the
point, for nearly one.baf less the present expense
There are o course incident 10 all trade No
one doubts that But we say that these expen es are
uDnecess There are charges to in Europe But
ssy that charges here asd in Liverpool should not be
added to them The planter by seliog early does not
avoid these charges. They enter in and oseoe part
OF the value of bis staple They anticpa ed ana al
lowed for when he sells-the amount being deducted
from the value Of his crop Toe planter makes al these
present and Intermediate expenses by direct
shipment This is large amount-so enormous, IS to
beyond the present balance Of uay against
If the entire cotton shipped to Europe TO be
sent direct and sold there OF the planter,
the chsrges thus saved alone standing in Europe
the credit of the American planter would turn the
balance Of trade IL favor Exchanges you'd be
versed. Do you wish to k ow how msuy millions o. dol
lars the unnecessary charges am ,unt tor Tas imne
planter in shipping il be is furnished with safe aud
liable There is another question incident to this
particularly deserving attention II is the effect OF the
stem home standard OF prices This
stem acts practically export DUTY. without ar
gument, viii demonstr it. Suppose that the
price for miding the continent be eigh
The OF production is, say four cents
Now have margin of fifteen cents to be disposed Of
" hat does the planter make? What is the e.fe,t on
hi me prices mee ely state this illustration as
have means at hand to show the exact amounts in
either case of the unnecessary charge, alu
ded the buyer in Memphis, Vics sburg Me- Or
leans only gives say nine for niddling cotton, al
though be knows the ultimate price is, say before
stated eighteen cents he deducts nine cents for anti
cipsted expenses This deduction fixes he stand
arc Of quotations Therefore whsr tbs northern
uacurer wishes buy he gets the advantage of these
anticipated CHI and pays only nine cents for his
But suppose that the foreign manufacturer should
appear in The market He would get cotton as lo~
possible of course but what could he afford to givss
Why, nineteen cents, less the necessary charges for
getting it home. II direct trade we're establish
ed, and ali these intermediate and
would be state of the eases Why planter
would be enabled to sell the European valuation and
the northern manufacturer would have to pay higher
for his supply And further suppose that the planter
seeks the foreign marke He shi5e direct Re ships by
the cheapest route He appears that market with his
cotton. He gets the ultimate price ask ridiculous
It would be for the northern buy TO in aud say II
want your cotton, and will give you cents Thank
you replies the planter the -ame article always brings
abroad after the expense of poraon allowing for
safe insurance and necessary charges fifteen cents 1t
is clear ray of light Congress could not concoct
more export On cottOu tnan
tenn Of trade much in favor. Q) have devoted my
argument Mr. President exclusively to of first
in this moment. The spinning cotton
into yarns believe to also great Southsrn policy.
1t is in its infancy but il is growing to sturdy manhood
If live it may become my duty other day,
gage also in that question: when IL comes for action
before the planters policy Resolutions from the
General Committee, of which have the honor to bs q
member have been introduced in regard to this great
subject The Importance of direct communica-
ton with Europe has also received attention.
The importance of sustaining and building Soushern
importation, Is que son intimately connected with
direct trade. It's importance cannot be overestmated
by the South Our entire energies should be turned upon
this matter II necessary, should take respsc tful
but firm position with our home merchants II in
earnest we are so-f not. then Convention is q
farce Then the Of opinion OF the
South from Maryland to Texasfrom Missouri Florida
is nothing but empty bombast Resolutions effect
nothing Aeil act act If we have right to instruct
delegates in Congress in regard to poli a rights
most assurecly possess the express
wishes 10 merchants. Ths South has cities
equally sntitled-New Orleans Mobile Savannah Charles
ton, Richmond Norfolk and last though least Balti
more Let there be undivided determination then
use iLfuebce-the influence Of patronage, to
operate effectively in sustaining southern merchants