The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-09-15

once Of August 30Accordng much accredited rumors
In London 1t possible that the Powers which have re-
manned foreign the going to abandon their
expecan position and take active part in the settle
ment the affairs Of Central Italy The members of the
British Cabinet have Unexpectedly been convoked on |
Sunday and council held the very same day at |
Lord Paimerstons
1t is generally believed in London that the question of
Central Italy has been the topic of the delberaon-so
hurriedy provoked that has necessary to summon
by telegraph the ministers who out of town. and il
said that the has resolved recognise
purely and simply the sovereignty of King Victor Eman
uel on the three Dutchies and the Legations.
Our Brussels correspondence.
BRUSSELS August IS 1889
Ne,o FORK Bank Statement in Ewope-Balmore Iaerests-
Line Of Steamers from Anhoap to the Chesapeake-7Ae
Zolluercin andhe Standardization of I,fu7css-An
nual European Exhibitions al the South-The European
Cotton Ba~k-P Provisional Committee Appoin,ed-Planta-
ton Securities in Europe-Georgia Cotton Yarns in Ger
many-A9ncy at Cologne-Nc,o Field for Southern En-
tnprise-Begian Iolitcs-Fntifc ations Of Antlosrp-
History Of the Queaon--Afdirs in the East, DC, dc.
The New York correspondent of the Independence
Beige denies the existing commercial alarm your city,
and calls the HERALD "croaker" Now, have TO say,
upon the authority of one Of the first financial writers
Europe that very serious apprehensons entertained
in Germany in regard to the bank statements Of New
York Since the late crisis people begin to look
the details of American trade and if parties in
New York suppose they mystiry Europe any longer
they much mistaken. The only favorable feature
for these excessive importaons into New York is the
bad harvest news winch begins TO come
ror. There will be advance in breadstus especially
in Central Europe and England The crops in the Baltic
and Black Sea are good.
Your readers in Baltimore will learn that important
stops being taken in Germany and Belgium for a
steam service between Antwerp and the Chesapeake.
The movement has its impetus mainly from the railroad
people, who conceive transatlantic by steamers
essential finishing the railroads which concen
trate in Belgium The steamers will touch Falmouth
Glands End) England and from thence proceed direct
the Chesapeake The subject laid before the Cham
Der Of Commerce of Baltimore time since, but it
was necessary the cooperation of the
Virginia interest the side, and the Ger
man interest on the other, before a decided
step could be taken learn that all the interests ributa
ry the Chesapeake and the tributary to Ant
werp, have determined to combine, realize the
best practical result both sides, each one yielding
something For instance arranged TO call at Norfolk
and have positive that the cotton and tobacco
sales Of cargoes imported into Antwerp will be offered
upon samples Cologne These combinations of interests
going on between the Belgian and German direct trade
committees with the planters OF the South, to make
united effort with the zoveren upon some given port
at the South-either at Charleston, Mobile, Sa-
vannah, Baltimore, Memphis New Orleans
Heretofore every effort at the South for an
independent direct European trade has been defeated
through the local rivarie and impraccable demands of
different towns and States Norfolk aspires to rival Bal
more. Charleston wishes to import for New Orleans
Montgomery to be independent Of Mobile, and to
the end Of the list The European Direct Trade Assoca
ton however, does not look at the question from any
isolated point OF view The object Of the members Of
this committee To concentrate the best point their
entire influence At the present moment opinion
is divided between Baltimore, Charleston and New
Orleans. But l assured that this division
will not last Assurances have been received in Europe
from every part Of the South that the plan finally agreed
upon by practical business best will be supported
In selecting single town the chief point of porta
ton the idea Of holding continuous series of public
trade sales throughout the South is not abandoned.
These exhibitions of European industry accompanied
by trade sales, will from this time be a regular
part Of every agricultural fair, convention pub
lie gathering in the Southern States But it is believed
that there must nevertheless be one Southern city
where will be concentrated by steam service and direct
imports large scale, the whole strength and influence
of the cotton and tobacco States If Belgium and
Germany can obtain direct one-tenth of the annual
increase of the trade Of the South through alliance
with Baltimore, Charleston New Orleans, il will be
enough TO satisfy any reasonable people The immense
consumption Of tobacco in Belgium Holland and Ger
many gives Baltimore regular freight to central Europe
The question Of the Cotton Bank is still under favorable
consideration Preliminary information is being taken
The capital OF the bank is not yet fixed upon nor the
question Of shares. believe told you it would be
the principle Of the London Joint Stock banks. The
administration throughout will be European The first
transactions will commence in Georgia Alabama,
and after three years experiment the results will becon
sdercd data for larger investment Tho idea Of getting
six per cent to per for money secured by cot
ton plantations, with the control OF the crops and the
privilege to convert the said proceeds by direct sales
Europe looked upon by many in Europe impossi
BILE achievement But when these slow bankers find that
the planters are willing to give not only six per cent,
but eight per cent for money and quite willing to sell
their cotton directly in Europe your Wall street people
Will have something else to look after besides railroad
curites.
An arrangement has been effected with the PRINCIPAL
financial and commercial journals in Holland, Belgium,
france ana Germany, to publish statistics in regard the
SOUTH and TO discuss the subject of Southern securities
especially OF plantation secures-that is of the invest
ment OF money on loans TO the planters with collateral
security on the lands and negroes Of the plantation and
the privilege Of selling crops in Europe The subject
at first excited some surprise but being discussed now
in serious that the Southern neonle will
only have themselves to blame If they do not secure ths
financial alliance with the cheap money Of Germany and
Holland In this connection, important results will flow
from having proper exact and truthful government re.
ports whenever made and by whomever made Are the
Southern States Of America wealthy Are they advancing
in wealth. Are their securities goodr Is the Southern
trade profitable? Are the Southern people large consul
mers Of European goodsS Have they the TO pay
for their importationsS Can direct commercial and
ca relations be established with them These and SINH
lar questions agitate the entire commercial and
featuring interest the continent OF Europe aud il is to
be hoped that fair official exposition of these question
will be obtained
heard the other day from the gentleman who has
formed the Southern direct agency Cologne lie
sanguine of Samples of the cotton yarns
needed will be the Chamber of Commerce Of Sa
vannah and to the Cotton Planters Association of Georgia
Inc successful sale OF Georgia yarns into Germany,
through the Cologne agency, will open field for the
industrial enterprise of the South will stop
snSw sne savings and profits of shipping cotton in the
r. nIcau instead OF, as now in the clint" TO
EUROPE. special report, based upon careful data
obtained at Manchester, and in Belgium aud
Germany, win soon be made 10 the Governor
Of the state OF Georgia TO be submitted TO the Legislature
of that State. But assert on very eeod anhorty tba
Georgia yarns VIII soon be sold the banks the Rhine
!" ~ rSsh npss u h WIN tne English article
quanted with the excitement in regard TO Antwerp The
question may or may not become serious according 10
circumstances This depends upon France fl i nro,r ~
remark however that the fertilization Antwerpis local
question in the politics of Belgium, dating before ,h ls
war The government defeated some two years snes
on the same ISSUE II has been an exis,Ing
issue ever since, and the only difference thai govern
,,ent has this time succeeded in Us measure an snrn