The New York herald., 1861-12-17
THE RHODE ISLAND TRADING EXPEDITION.
OUR PROVIDENCE CORRESPONDENCE.

Von fhOfiDENCE CORRESPONDENCE.
PROVIDENCE, Dec. 10, 1851
senator S'nnionS Speculation What KI and WhdtH IL ~
Come Of n, DC, dc.
The Rhode Island expedition for trade with Sorhern
ports seems destined to realize the truth Of tho adage
in regard to tho slip between the cup and lip and il /,
rapidly becoming tho conviction here that for
somewhat famous financial Senator has made a mistake
~ hs calculations upon commercial relations II Is aso
though that the ventilation given to Mr. Simmons specu
aoh mas proved fatal to its success, In pecunay point
OF view although Mr. s. and his friends claim that there
mas been no mystery in tho venture and that the
prise is fair business Transaction highly credabo
the business capacity, tho benevolent disposition
ana exalted patriotism Of its distinguished pro
ecor Eut at the same time they express littlc In
dgnasion that the press should interfere In tho little
rangcinent, and raise such rumpus all tho
country They contend that tho ntents OF Mr. simmons
were charitable the fitting OF the schooner Charity
and that he get tho start of the any opeued port
IN the disloya States hc had just good right t
as any other man, The chances Of trade and the risks
were bis, and If he succeeded in gathering III the profits
why that was matter which belonged particularly anI
peculiarly 70 him. Somo hore he who oppose tho
ing VI Mr.. Simmons fr ends so far as intimate that rs
he has had about live weeks comparatively pre-
para'on for his venture, no must have obtained
some premise Of privilege from tho government at tho
ofc 70 HuuCe MN 10 enter upon tho specuation ana
hnt whatever phase may be given to the affair." hc has
most decidedly stude - interests preference
those of his constitucVp,.
The discussion of the pros and connected with tho
Simmons speculation is quito interesting and warm and
there IS very general desire know all tho
case, as wei as to obtain information relative to what 10
tocome Of The case having assumed much import
ance here as well as abroad have been nduceito
tam le nature 81 INC cargo and the exact destination OF
the much talked OF Rhode Island trading schooner The
manifest q the Charity is as foows-
| eco bushels of salt.
leo sacks Of salt.
| 5000 blgs of salt
2l cases and bales OF merchandise
81 barrels and hogshea OF sugar.
20 bags coGeo
III coils rope
100 kegs nails
20 bales gunny cloth.
46 cases boots and shces
ITO wool sacks.
60 pairs pants.
barrels cider.
20 barrels potatoes.
barrel apples.
There is the assorted cargo for Southern port lots Of
SAT- materials for packing cotton various and bales
OF mysterious merchandise, moderate acc N nioaa atons
Tor parcel OF WOOL coffee OF boots and
snoes Mite cider lot Of potatoes and sprinkng Of
apples the cases Of merchandise probably contain
acured goods from tho Johnston mills about all tho
qunnc in the city at the time the Charity sailed It ap
pears from the manifest that Mr. simmons intended his
vessel and cargo for Fortress Monroe aud
but he met an obstacle at the Custom House, and
was made aware that that department had no
authority to grant him port discharge sach
as he desired Accordingly alteration was made
in the clearance and tho Chirity was put down
for Alexandria that bong the only Southern port entry
at present recognized by the government. At the last
accounts the simmons trading expedition Fortress
Monroe, waiting for chance get up hos place OF
destination, where she cannot by any possibility get tho
return cargo which she was sent for As ntimated ia
previous letter, much disappointment has been ex,cr
enred by the protector Of tho enterprise and apss
that il Is notlkey to prove remunerative as antci
pated The foregoing facts explain tho why waere-
fore u he disappontmonts and the shadows the
success OF tho Speculation. Tho failure of th lie
meuts at Washington to recclect that Mr. simmons hs
any promise OF tho drst cut OF tho trade he st
cotton port opened, and the difficulty Of gettns hs sci
40 TO Alexandria, with the absence Of market cyeu s
succeeds in getting her there havo novei extremely
embarrassing and damaging - that gcntep,an's pus
poets, and he is now waiting for something n 40
TO relif 20 IN u his trials and tbu,a He t,gis
to think that Charity j. best at IL ne and do, btess
wishes by this line that he had been atrotc aua
ess speculative at tis RAJ tic aiar Junciufc. Bat
The best ald plaLg Of mice aud men
Gang aft asiee;
and 80 Mr. Sm has thus far found is clear Tint
the ear esi trade The re5eious districts not 80 very
ues able after att.