The American patriot., 1855-10-13
S4S 50 per balc---or % per cent.

Total. .............. .......... .si,s3S 80
rS4S 80 per balc-or 90 per cent
The difference in favor Of direct tradeis ST.
OIL 80, or $40 II per bale gained in charges
alone. -,.
From this amount Of 20 per cent. is to b. de-
Quoted the ditfei renee in interest, 4 per cent,
and the difference in stamp duty in Engla,u,
not paid by the direct trade movement. There
will result in favor of direct trade charge t
less than 20 per cent. OH the bale Of cotton.
This, III other words, Is Il difference in favor Of
direct trade over the Liverpool Il L., of % pei
cent, or SO per bale saved to the planter.
This assumes that there would b. no dittert nee
in prices between the Liverpool and dice,
trade systems, excep ing in those Of costs and
charges; but, DUNG t,e last se;,sot, ContineE-
tai prices ranged above those Of Liverpool j.
an average Of &C. per pound profit, end Liver
pool PRICES must rang 2Ic. per pound abov
those Of New Orleans in order to pay cost
and charges. However, admitti ,g that ther
would be a difference in prizes of on,y lc pc
pound profit in favor Of the Continental m r.
KIT, the direct trade would save $l4 SO her
bale in all.
So that, according to the advocat of direct
trade, o, the raw material alone snprei to
the continent from England, the Anne lean
planting interest loses Sl2, p5o.coO annual Y.
I MessrS. Baylor l. Co., of which firm o ,e Of
the members, Mr.. g. A. Baylor lite u S. Con-
sui at Amsterdam, is the oigi ato' Of this
scheme, are organizcd to try the direct trade
experiment here, in the city most interested in
the cotton trade. They have made evry pre-
paration on the continent to carry their plan
into operation, and we understand that sever
al VIZ br n,,H b,,, a
10 give the enterprise fair trial. .t
| The bust IS of the firm will co siSt of two
departments: the foreign and domesii; cotton
trade The basis Of opera. ion is: u t
10 advance 70 per cent. On cotton on its
classi .ication here, and charge per cent to .
per cent. interest, but with no special charg
for advancing The cotton will be shipped to
bremen, Il inburg, Antwerp, Amsterdam, Ber-
lin and Rotterdam and will be held in any of
these markets for twelve months if necessary,
until it brings its value This, it is found, il
viii do every year.
Ia the domes it. department, cotton will bv
sold OIL its merits, thereby doing away with
the system Of wholesaligg ON lists, and giving
tne planter the benefit of the quality Of his
produce. f,.lI
The firm will not accept in any case what
ever. That, of Itself, is a feature worthy of
mature cons! leraton. Whatever be the resa t
| of this movement, it will be watched with in
tense interest and if successful, its projectors
Will have gool cause to congratulate them
selves On their energy and perseverance
against many obstacles.
| VERY DurcA-lwo CID Dutch neghbors il.
Pennsylvania, were provsrbaily, steady sobe,
ana hol,st, they had ca ried Ga tA,ir lrans..e.
f,..,t. ma ,,th 6.
years, Oh the system of ally pay in cash o.
bar,er, bat at last hard ii MS cam. AID tley
were Obliged to resort 10 Ne4piag accounts.
One day they met for settlement, and afie,
mucn hard labor and figuring it was made APP
parent that nauns owed iawnob tweuly do
lars.
'Weil, Yawkob, how mach me settle him
now: st got no money isn.
"Yay, yaw, nebel mi,u dat We can settle in
init notesh,' s,sid la"kob, VINO phi led himself
On being posted up ia the ways OF doing bust
ness at TIE store
"Oh. yaw, mid netesh. Veil den, you
writes do notesh"
! "Dat sh not right sal Yavkob, 'you
owes de moneysh, you writ.s the nctts- |
signs ,inl-dat 'sh dc way
So aadns set abolt it aal produced the fo.-
lowing:
Wastmoreland konnty, Ossh Yawkob
dwen,y toiiars For settle Up Wen i Hash no
mooncysh do Pay him. ....
Sign, YaNkob.
To which document Yawkob, tbs creditor.
affixed his signature. 4..
Then arose an unforeseen difficulty; which
of the two ought to keep the note. -7ss
1t was finally d>ci led that Hauns SHOULD
keep it-for how else wo lid h, k low no y
! m, 70 N1>Y Il