Washington telegraph., 1855-10-17
| From the " O. Picayame.I
Direct Trade.

~" @uNefCsSHe-it III our columns an
nounces the establishment, on the Ist inst
at No 46 Camp street, corner of Gravier.
OF the firm of Baylor & Co. foreign and
domestic cotton factors. general importing
and exporting merchants, direct trade and
European agency.
1t the Cotton Planters Convention held
at Cooper Wells, il July last, the subject
OF direct cotton trade with the continent of
Europe was the principal subject discussed.
The Governor Of Mississippi was chosen
President, and he explained the object Of
the Convention to be
The establishment Of the direct trade
between the cotton Interest Of the South
and the continent Of Europe that ii was
an organized effort to throw off the present
LiveTpoo. monopoly aud its accompanying
evils, by exciting competition elsewhere /;
extending the consumption of this staple
project; lowering the rates of interest ::
and. by direct shipment reduce the present
unnecessary charges and expenses which
burden the planters cotton in American
and European ports
Aeommittee Of fourteen prominent r'Iant-
ers Of Louisiana aud Mississippi was ap-
pointed, who made the following report
The committee having taken into con-
sidera-ion the subject of direct trade with
the continent of Europe, and having confer
red With Mr. Baylor and possessed them
selves Of such facts as be Thought it naces-
sary AID proper 20 communicate, beg leave
10 rs---H1
That, in the opinion Of this committee,
It IS matter Of grea; importance 70 the
South to establish 2 direct trade with Eu
rope, for the export Of the staple OF the
South direct TO the ports nearest its con-
sumption, thereby saving the charges and
expenses necessarily dependent upon the
shipment and rates of cotton both at New
Orleans and Liverpool, including the real
and fictitious charges imposed By the Gus
tom Of trade. The committee feel vel, sat
isied that the charges upon the sales of cot
ton are excessive, and that I'll the charges
are either directly OF indirectly paid by the
planter, from the time the cotton leaves his
gin house until 1t arrives at the place where
1t Is manufactured Whatever would have
a tendency to reduce or limit these charges
would benefit the planter to that extent
In reference to the proposition made by
NIT Baylor, whilst the committee feel assur-
ed that much might be g-ined TO the plant
er By selling directly to the European man
ufacturer, and thereby save the intermedi-
ate expenses, yet they regret that the limit
ed time to examine and report upon the
mass Of information laid before them does
not permit the committee TO assume the re-
sponsib;lity cf recommending TO the plant
ers any specific course OF action
This committee. though not willing to as
sumo the responsibility mentiOned-which
Of course they could not do-yet subscribed
anong themselves $50 bales to be forwarded
to the firm of Baylor & Co. on commencing
operations here. Upwards of loo bales,
we are informed. have been subscribed al
ready for the same purpose-to test the first
practical experiment of this scheme of d.
rect trade.
As this new firm pretend to initiate a
policy which, if successful. viii effect ma
ny changes in the principal business Of this
city, 1t will not be anliss to explain in few
words what the scheme Of direct trade is
Il is we'll known that large proportion
Of the cotton sent from this country to Liv-
erpool, is afterwards purchased there for
the continental market The object Of d.
rect trade is simply to send the cotton d.
rectly to the continent and thus save the
expenses of repurohasing. shipping, &c.
established in Liverpool i few figures
viii show this more cleurly, and viii give
many persons what they little knOw-ihe
amount Of cotton consumed on the continent
of Europe.
The average cotton crop of the United
States is 100000 bales, equal to Sl20,-
600. 600 averaging the bale al $40 This is
manufactured as follows: In 1852. France
took 800 900 bales. aud the remainder Of
Europe 600, 600 or 900 600 in all. valued
at S36.000,000. Besides this. the Cont
nent takes from England cotton yarns to the
value Of S35. 5000 coo; equal to 600,-
600 bales Of the raw material. or one half
the whole crop of the United States, or
more than the the average crop of the grea