Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1861-09-27

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We have before taken We .-g- irey ga .T--t
ton to the Iaudabis enc ~ as,s tsrsss5-
commercial convention at ,usn tssss NJ tesrss,
tue I4sh day Of October; sea:ar,, ssi
craving near, will again adv
as briefly as is consonant with it, F-s5Ii.My
portsnee.
A circular was issued about two months ago
by the Persistent of the Macon Chamber OF
Commerce, cordially inviting the merchants,
bankers and Others Of tie Confederate States
10 participate in this convention, and suggest
Jog to the various other commercial i%nstitu-
lions in The Confederscy to appoint committees
at an early day, for the purpose of a deliberate
Investigation Of this subject, and proposing
some plan to be submitted at its meeting. It's
the Gety OF every city in the Southland CT
none more than Mem7his-to be represented
upop this occasion, and we would urge upon
the commercial portion Of our community to
take action in the premises with energy and
pronptitudc, putting forward their ablest snd
most experienced men to compose a suitable
delegation.
The object Of the convection is well stated
in the circular in a few brief words. Il is to
insure entire success 10 eur revolution-tot take
such steps as sill render toe South mot only
politically. but commercially GRa faaHciGhg
free and independent" To accomplish this
end, we must needs devise some extraordinary
measures, and pcsyea. ourselves from failing
back inc old channels Of trade, as soon as
peace may be declared and our ports arc again
open. 4 ia desirable that southern resources
should be made known to the foreign world,
and lac great advantages OF direct trade with
US Be dgly canvsssed and presented with s a.
~tislicsl facts 20 their consideration. .
The circular, to which We aliude, asserts
what W. have again and again attempted 10
show since the war first broke out between the
tvs governments, viz: that in CIR esgernsss
to achieve a political Independence, we are a
little prone to overlook the success Of tie
other, before say veil digested plan can be
adopted for it's attainment This IS, indeed, Che
lilly rock upon which gbe sou.hera movement
is apt to split. We vii, throw or The yoke Of
Yankee domination in vain, if We continue,
even while enjoying absolute politicsiireedom,
to remain in that degraded state Of commercial
and financial vassalage to which we have 20
long been subjected. The North to-day sees
the hand writing on the wall which tells Of her
destiny, and is seeking to avert it By q vain
glorious exhibition of brute force at home, and
Of constituencies bFaggsdocio and falsehood
abroad. It is cur duty to see that she does not
succeed in any possible way
One OF our greatest obstacles in The way of
direct trade, as is well known, always has
been, and Will continue to be, the fact that cur
merchants are almost entirely unknownin Eu-
ropean markets, and Of course, find It difficult
to establish a sound credit there. We have
allowed ourselves to be hewers Of wood and
drawers Of water FOR The Yankees 90 long, that
We have Bcver possessed the energy to over
come this impairment. 4 simple recurrence
TO tie indisputsblefac that southern products
have alone. furnished a basis For northern
credit, win at once show how easily our corr
mereial independence can be maintained, if it
is only once established.
Odt Of about S325,000 900 worth Of exports
annually made by the United States, previous
10 dis-olu ion, the South furnished at least
$780, 600, 900, in cotton, rice, sugar, tobacco,
and ether products of her luxuriant soil. Sic
consequently owned thrse-fourtbs Of toe i'm
portation, and as The government was sup
ported solely By revenue a~ccrulng from duties
on Imports, she paid siTiy cut Of the eighty
millions dollars that was expended every year
to kesa in motion the political machinery Of
the nation. The North, with double the pcpu-
latioa Of the South, contributed but one-fourlh,
or give s20,000,O00 CO.. Ia other words, each man
in The Sosth p7id sir dollars 10 every one paid
By each nan in the North. This was IN evil
attributable to political vassalsge, but is insig-i
nihcsnt VIXEN contrsstsd with what our con
msrcisi dependence cost US. This including
what was flehed from Us BY Yankee maDusac-
tursrs, brokers, shippers, h~oteLksepers and
merchants, has been estimated by a recent
writer, Of vast information and intelligence,
al not .ess than 1921 OO0. Oo0.
It should be our psrpose 70 repudiate this
tax upon our resources, at the same time that /
we throw of the political incubus that has 60
long dwsrfed our expansion. The means car
be found in ore Simultaneous movement Of cur
people towards the establishment OF direct
trade, before a prospect Of peace viii invite
us to return to The commercial degradation
whence We have beea driven by dire necessity
THE COMMAND % GENs JOHNSTON.