The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1861-08-10
Mass Commercial rad Financial Couy.n
ton.

The following circular is addressed by the
| merchants, bankers, AID others OF the Con-
! federal "a : ta ties of America:
| There ara two great objccss which we desire
: Is the result OF the momentcus struggle
which is ROW pending One ia political, The
| otaar commercial and financial.
| The trst has been thoroughly organized
ard, under the direction of the ablest minds III
| our Con tederacy, and with the blessing OF
God, appears to be rapidly progressing 10 =
| satisfactory conclusion. The second, and IL
! cur es:iInat ton, the greateat and most i'm
pCrtan1, has not, rs yet, 81 organization, and
| is IL great danger OF being lost by the success
| OF he first, before any we'll -digested plans
| have oesn adOpJet for is attainment.
| We feel II to BE- our duty, therefore, to cur
selves and our country, to SEEK 10 awaken the
| public n;pd to the ilcaicElable importance OF
! seeing T. il, tnaJ our forces afe promptly mus
! tered and We'll equipped Tor the coming strug-
| gle, oar plans thoroughly discussed aId we'll
| IaatuT1G; that By prompt and combined ac-
| 5iou when the movement shall be made, we
| shall insure success, ard become, as we see.,
/ 10 ne, rot only politically, hut commercially
! aid financially, FIRE aad in1epe,LGeE;
| Have We net the SILL and energY in our
Coz daracy which is !3eeGfui to contact our
| commercial And iiaanciai oiTaiIs IS well abroad
! as At home II cot, We fear must be con =
| tent, rs heretofore, 10 allow them 70 Temain IN
/ tha hands OF aud be conducted by others.
| Shall he profits arising from our imTuep Sc
| trade with + reign countries continue 10 TOW
| into the hands Ok those who are mimic Al 70
cur peace and welfare, or shall the benefi IS
| arising theTeirom be retained by rs and trans
| Ilittsd As rich legacy 20 our children
| mighty END systematic effort has been
made by merchants and bankers at the Nor h
| 10 transfer to, AID ergross almost the entire
| profits OF Southern trade in their OWE hands.
Our institutions have been decri-d TO the
| world, il the nope that by this means they
| n CAT drive from rs the sympsthies of other
commercial motions, and obs truct, if not
| wholly prevent, direct Intercourse between
| US and item.
| Win these facts before us is il not time we
should awaken 20 the vital importance OF
! ius taAt, vFIFe and decided action U1On til 8
subject
Claoi rae greatest obstacles in the way OF
The eotablIstIne a OF direct trade with foreign
couu:ries--iIn III edla 'ely upon the opening OF
the ports of cur CCnfederGcy-is the tact that
our merchants are comparatively unknown ia
foreign markets, and have no credit es ahlish
I'd there. Although the products OF the Sou tn
ern States have constituted the b. sis of credits
ana exchange between the late United States
and thCss nations for more than Il half csn-
tury in a financial AID commercial sense, we
are unknown 20 each other-our bills of ex
change having haen drawn by Northern
houses, AMI tho vast amount Of their proGuC
tlous consumed by us-iruported through tbs
same cha1uci-so LITTLE have We bsen known
| in these transactions, that years would be re-
qahed. IN the ordinary cour5e Of events, &c
build ID that trade and establish tia. COrfi
dencc Witch j. absolutely necessary IN COM
5nsrCIai tTaasac iiane, which are founded ln 3
7gsieirl OF Crett,.
Il is clear. therefore, tha scrne cvtrecrdi-
naIy measures must &c De isej, 10 enable Us
. Ice ourseiges ron, these IL 0sd;nen.s t.
Guy commercial credit and udap'n&suca, and
prevent cgr :ail!Dc back into The ell channc'
. IS e91r Da oUr ports arc again OPEN 1t Il
MOI ac YER, Gss:rAb'3 that Cur products cther
than our great .are, should ho :uily made
llr & Il to the void, arl the sveal q }vastaee
- tor2gn Ga+iona cf 9 direct trade with ne,
and We should ali uutto our eTortS il he PIG
rAot,on o. tbs great v'or,.
We therefore CCrGa,ly invite the rner.
chants, banker ard 9th rs % the Eonfaa .ratr
states to meet rs in E!aGs Convention, il TIE
city 1t Macon, on lie +ttA lav II October
mex, to- the yarposa q devtsiug sotNo Plan
FOR "stnthahirg g system If credits between
the C0nfedera to States Of america I'd for ign
conn tries, " hiCh MAJ nc prs cticahie and avail
able to ali desiring II rae il. and which VIII
Also eom'1and The hear zrppcrG OF The citi.
zenG Cl our whole country.
We earnestly invite the cesistanca End CO.
opera lion OF the r"cse OF the Confederate
States, Il bringing he subject fully before the
people and the presence Of lis members on the
occasion named.
We would also respectfully suggest to the
various Chambers OF Commerce and other
societies within the Ccpfedaracy, organ ,zed
for similar purposes, the rropristv OF appoint
ing committees al ar ~arly day for the pur-
pose OF q dus and deiiherata u est,eat,op of
this important subject, ana proposing soma
plan 10 be submitted 10 the Uon,en at It's
meeting.