The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-06-23
Tu MEMPHIS oNVENrIox
THIRD DAYS PROCEEDINGS.
Speeches Of Hon. MI. Baylor, Con. Quitman,
Gen. Hunt, and Hon. John Bell.

REPORTED EXPRESSLY FOR THE NEW YORK HERALD
The Convention this morning at O'Clock, and pro-
ceeded tremendously to the business before them Inc
night Of rest had the effect of cooling the
those who yesterday gave vent, in language most
to the seetoua feelings which controlled them
After the usual ceremonies OF opening, Ar. BAYLOR,
from the District Of Columbia late U. Consul at Am
sterdsH offered the folloSiDgs-
Resolved That direct trade commercial consequence
and detail e Be act %
with subject of importance and general interest TO
sSnsiserstion and action Of this Convention.
In support Of this resolution Mr. BAYLOR spoke fol-
lows -
Tia subject of direct ada i. idea 1t has occu
pied the MINDS Of south for years and has
csiveA the spprobsnoo % ali classes from the most dis
tnguished 70 the most anaspog Asa theory stands
supreme in the convictions Of the planters As policy
il excite. the sdmran non o rulers As commercial
consequences IT has properly excited the attention OF
Europe As matter OF e.ult It is To be desired by ALL
and vet a. a subec; for practical demon stration,
is surrounded with Almost insnrmountable difficulties
say almost insurmounta bie,n for the direct trade
party which have the honor represent in this
believe that at st after years OF patient toll
plain SIMPLE speedy ana way is pointed out by
Which the daiculi,e, alluded TO may oe overcome It
is manly 10 this poiDt oeg 10 call attention We ask
NO endorsement OF our plans no meaningless resolutions
idle Whereas Before tue country, in debate, this
question ia to be decided IL matter Of trade, 60
verpea by the laws OF trade and herein is the strength
of position. We coptend tha all laws Of trade
volst-o by the present system We contend that the
seogra phcal portion OF New York has retarded the ad
great staple at Liverpool has III like retarded the
commercial and iodustrai progress of continental Eu
rope. Therefore contend for Soathern commercial
emporium, and q contnen al depot OF cotton come to
the consideration Of European continental depot
for cotton the matter in which all feel most inter-
esed Before debating this no ~ever it viii be well to
eau attention to certain considerations to be first re-
The genuine Of Europe skss from rxland in the shape
Of cotton yarns fifty millions of dollars annuAily-the
price paid England this Shipment alone, amount
ing to thirds Of the value OF the whole
crop The continent OF Europe takes, OF raw COTTON
over Elk hundred thousaro bales of cotton The CONT
nent Of Europe besides all th large amount
of cotton goods manufactured in Engan Thus it APP
pears that while we have generally regarded England as
consumer IL out truth, that the con
tiDeDt of Europe is sohpsand holding her supremacy
only As the largest manufacturer. ! am particular in
drawing this ois1ncron beJ~eeu the umpton OF
cotton and the manufacture of it. viii have to
Ter to it hereafter Again the population of the CONT
nent the consuming porulanou is fifteen times that
of England Tnis Population sso increasing at ratio
OF ten cent asler than Englspdsa larger proper
ten being better educated independent Ser
crine for instance Increasing at Glasgow, under
the nose of the eoitor of Biac1cood six lines faster
than the population; wh,e Switzerland, and Germany
fort intelligence ard morals Of the people In point
Of home comforts for the lAboring classes, and
in common school faculties, and general educa-
son England Is below other OF the recognized lead
ing po~ers Of Europe The facts, Mr. President evi
dence that European mpire must cross the channel.
We all kp0~ tbs contest going on for the balance Of
power Why sir, this balance Of power is embraced in
industy al and CONNER cia supremacy. The great Ma
poeon always conteDded in his writings conversations,
and speeches, that England emoroed the continent 10
Wor meeiy 10 sov6ncs hef Own Thoe anu INDUSTRY, ny
possessing sell OF be eieuent OF security 10 me ana
property In fact the who history of the British
pre teaches that she negotistes and for com
mecce ana industry Comine &c is King IL IS an Eng
nan ana True one. ih's contest therefore, ior
tne paabce OF power has Originated elements nov CO.
operaung IN iaVof o. 'he g''at PROJECT before US me
cobunenai pc r-e mat tes nust oeprive Enesnu
o. ner monopoly OF cotos Tor cpttcn rules tue worla
Ins opJect mas or yeas o..n tetaroeu oy ,ne greas
tAct power, ana Neaitn o. Ehgisna Aiter tns ai OF
Napoeoa, Fne go. posiioh on hs continent .uat mas
ner 70 spIe1u = Az ove. - syen u
.sa.ns nae Ne, ~ y ~uspI. ~ nsi
sno'.ni aiu Auua = ~ iai'y uepiesa
ing 10 Inc coisuuirt ane Aleean pfo1uc5r.
GIe THESE o1s per'eh1 70 tne question:! 10
Lney n'errs. 80 PAIR an ~, eAn lAe - Wv hoe
Us see. VIII ruPpo tbat rnt lana mas hau csfeAu
nesIee VI power Nv oilh VI 'icoua AN' Us su'po'e
Ust enc mas ipuuceu h'e 20 - auow coesou
Ashen shPpea iIonl LNeiPeop 10 Dc irse from TAX AZ
the yea oeate sna AIS" ifo iaasis TAX Suppo,e aga,
TIE coty0s interest been