Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1856-12-16

W hoscy,
IL Mcleod of Texas aud
On motion Messrs. Barlow OF Geo. and hewitt
Of La were excused from serving on the com
mittee and Messrs. Simpson fonche, of SEQ. and
j. +. Lemmis, of Lou, appointed 10 serve in
their stead
The President stated that there being but one
delegate present from Texas, Mr. Mcleod, he
had been able to appoint bu, committee
from that State
On motion Of Mr.. Cochran, of Ala, it was Re
solved that the committee of 81 have leave to sit
during the Ses sions of the convention.
The President presented sundry communion
tons addressed to the presiding officer of the
convention, which were referred 10 the commit
tee OH business wihou, being rend.
Mr.. Hubbard, Of Ala, presented communica-
ton from Mr.. Crnndall, Of Tenn, on the subject
If ocean steamers Referred 10 committee on
business.
The President laid before the convention
comm lnication from John b. Jones, the sub
jroi OF establishing Southern presses in the North.
which. without being read was referred to the
committee on business.
RESOLUTIONS.
Mr.. Swan, of Tennessee, offered the following
resolution
Resolved, That this Convention would deem
il wse Legislation the part of Southern and
Southwestern States 10 require that all bonds
issued by the States themselves, or by counties,
cities and Incorporated companies, shall be pny-
able, the principal aud the interest aocruing
thereon. at some place within said States.
After some discussion, the resolution was re-
ferred TO the Committee on Business.
Sherrod Clemens, of Va, offered the following
resolution
Resolved, Tint the chairman of each State
delegation report 10 the Secretary of this con
ventinn n list Of the names of members from his
State entitled 10 n seat in this convention.
The resolution was adopted.
DIRECT TRADE wrrn EUROPE.
G. Peoples of Georgia, submitted the follow
ing preamble and resolution:
Whereas, il is of the utmost importance TO the
commercial independence and well being of the
South that means should be ut once actively set
on foot for the purpose OF establishing direct
trade with England aud the continent If Europe.
be il therefore
Resolved Tint preliminary subscription he
ut once made by the members Of this body for
the purpose of forming nucleus, upon and around
which they cun oreac n lint stock company, for
the purpose Of building ocean steamers tn tacili.
tate direct trade with England, snid conribu
tons not beng less ihnn one huncred dollars 10
each member.
Mr.. c. said his object in offering the resolution
war 10 enable the convention 10 do something
practical aud not devote their time 10 the pns
sagc Of empty resolutions. What was wanted
was. To use tho language of kossuth, "matcrlal
aid"
Mr.. Bethunc. of Ga, said that no could not
see that, that resolution would accomplish any
thing, M it could not bind the members of thn
con, ention if il was passed. Tho object of the
convention a. he understood il, was to establish
direct trade, but TIM, did not depend upon tho
lines OF steamships. 1t would he better for the
producer to have his carrying done. while no made
IT his business To raise products. Lines of steam
ships had been established from Charleston and
Savannah and within few weeks or months hnd
be II sold to the North at II discount.
1t was hut II loss of capital to attempt to build
steamships, MS much for tho producer to
build wagons to carry his cotton 10 market when
railroads would do it cheaper.
lieielerred 10 the former condition # the South,
when she imported here own goods for consump
Il II instead of Transporting by the way of New
York. He ascrbed the change To the transfer.
ring of the gold aud silver obtained hero for Gus
toms 10 the city Of New York, 10 be used for tho
benefit of Northern mer,hants. He believed thu
remedy was to be found in the repeal of the tariff
laws. and in direct. taxntion when each man
would pay according tn what he worth for
the support Of the government. instead Of the
South paying she does now, larger proper
hon than could justly be asked of her. He
viewed the effect of the tariff upon the cotton
market. showing by statistics that when the Ia.
rift was n high one, the cotton market was de-
pressed. and when the tariff was low one, the
price ot cotton was raised. lie argued that by
repeating the tariff and raising revenues bv d-
rect taxation, the Southern merchant could oh
tain and sell goods cheoply as the Northern
merchant, for the foreign manufacturer would
bring hi goods to the Southern ports to exchange
for southern products, and the country would
be relieved from the support OF the $50 officials
now engaged in collecting the revenue at au av-
erage annual salary of 5000 each. Congress would
be more economical fthe public money. in mp.
preparations a. the rich and influential would be
averse TO taxing themselves.
He said that up TO 1910, the South was unit
in favor of free trade. at least low tariff, but at
that time was led to support the opponent of Van
Buren, and swallow the bank tariff internal i'm
proyements and all, because the States Rights
party had taken grudge against jackson aud
Calhoun, AS his ght hand men. lie was for the
repeal of the tariff and for direct taxation.
Mr.. Richardson. of Md, said that he had been
afraid when he came here that tho convention
would have too many things to attend to. But
bis friend from Georgia, Mr.. Bethune had
brought forward as the grand panacea for all the
troubles under which the South lubored. tho
simple thing of asking Congress to repeal the re-
venue laws and impose direct taXaten. lie was
Of opinion. however. that though there CON
siderable truth in the argument ofthe gentleman,
he could not get the people TO understand it. If,
however. the convention had been convinced by
the elaborate arguments and statistics Of the
gentleman, then all they had TO do was to vote
for repeal of the revenue laws. aud for the i'm
position of direct taxation, and the resolution
before them of n hundred dollar subscription
wouldbe Il matter of no moment
Mr. Peoples of Georgia, said he was utterly
indifferent as to tho faio of his resolution, as he
did not have the vanity {" suppose that he could
bring fnrwnrd my fhinn Tint wnnll hn ln,rn 1nn