The weekly American banner., 1855-10-12
An ADroelTE OF AMERICAN rRncIrLEs.|
YAz00 CIT MISS. FRIDAY OCTOBER 12, 1855.

them does not permit the committee to assume
the responsibility Of recommending to the plan-
ters any specific course Of action.
This committee, though not willing to assume the
responsibility mentioned--Nhich ofcourss they /
could not do-- yet subscribed among themselves /
75O bales to be forwarded to the firm Of Baylor /
& Co. on commencing operations hers. Upwards |
Of 10000 bales, we are informed have been snb-
scribed already for the same purpose Ito test the
first practical experiment Of this scheme Of direct
trade
As this new firm pretend to initiate policy
which, II successful, win effect many changes In
the principal busines Of this city, il will not be q
miss to explain 10 few words what the scheme
of direct trade is. A
It is well known thata large proportion Of the |
cotton sent from this country to Liverpool is az
terwards purchased there fofk the Continental
market. The object Of direct trade il simply toI
send the cotton directly to the continent and thus
saye the expenses ofrepurchasing. shipping, &C..
established in Liverpool. A few figures win show
this more clearly. and win give many persons
what they little know---the amount Of cotton con-
sumed on the continent Of Europe.
The average cotton crop Of the United States
is, 100000 bales, equal to n 20 900 600, aver
aging the hale 1t $40. This is manufactured a.
follows: in 1852, France took 100000 bales, and
the remainder Of Europe 600 900, or 100000 ii
ell. valued at 36 600 600; equal to GOO, 900 bales
OF the raw material, or one half the whole crop
Of the United States. or more than than the ave-'
| rage crop Of the great valley b. The Mississippi
The recentl published statistics or the great Ne
therlands Society show that they alone import
from England 84s 1000 worth of cotton, Of
which 100000 worth is Of the raw material
or 10000 bales.
/ The advantages to be gained by the planting
interest in patroniziug direct trade a. set forth
by the advocates of that scheme, are as follows
shown in pro torma account sale Of 100 bales
Of cotton shipped uia Liverpool and sold on the
continent as compared with the same number of
bales sold on direct shipment. The figures to
base the calculations on are drawn from Hunts
Merchants Magazine, vol 3, page 348.
100 bales averaged at $40 $1,000 90
Petty charges here on planters ac-
count soc. 5000
Commission on same, IL per cent 100 90
f Freight to Liverpool. IL c. on 49,
! 600 poands. 25 oo
Petty charges on Liverpool account
E s-S {. 1ss soe
. Loss on weight or allowance, 5 per
cent. 200 oe
! Insurance. IA per cent, on 10 per
!, : cent over cost. es Of
Brokerage and expenses on Liyer-s
r pool account, II per cent. GO OF
! Commission for purchasing on Liv-
n erpool account, 3 per cent. 120 ot
Cost laid down in liverpool s4seo Of
e a1.2 per p cent cen g s r. 1aI i
& Freight to the Continent; Ia g, on
l-Is 10000 pounds ll2 81
Petty charges, 81 90 per bale 10 OF
Insurance, 3-3 per cent, on 10 per
: over cost "A 0l
Brokerage and expenses. 4 II per
cent ~ 1T q
Commissions OF PURCHASING on con-
9 tinental account per eent f55 8
g
IL Cost laid downon Continent S $56l5 s.
]. bale, f' es 0,
], Commission for selling,s 2 ~ per q ].
'e Total cost when sold on Continent $56I4 4,
{ !, Or s5s so per BALE or 20 psFcent il roan'
d numbers,
DIRECT TRADE.
= 100 bales cotton averaged SO 81 900 OF
e Freight to the continent, "a e. on S
d 10 600 pounds 333 Oh
u Petty charges 81 so per bale IIo ii
I Insurance z per cent on TO per cens
d over cost so Nl
il Petty charges oa Continent, IS & s .6s Ol
e Commission, expenses, brokerage,
2 &c, 8 percent 233 o.
Total. $4,s38 S
9, Or s3s 38 per bale or % per cent.
The difference in favor Of direct trade Is q
/. ll-s2, Or $lo-l2 per bale gainea i charges
i. lone. &.
ts From this amount of ~ pei cent, Il 10 be 4
= Quoted the difference IA ioteres5 Per cent IL
the difference ii stamp dut, ii EngIa1d, not pa
q BY the direct trade movement There will /
x olt d favor ef direct fade charge 81 les II,
g 20 PEI eent.on tie bale of cotton This, IA ot
4, et xo1ls, Is diIeroace Il iavor 81 dfect tra,
8 over he Liyarpool trade, u Is peT ceht., 81
Il per bale saved - 10 plnnter {hh assumes ii