Daily national Republican. [volume] (Washington, D.C.) 1862-1866, 1864-10-03
new York stock List.
by the Peoples Telegraph Lines,
Ofnoes-6fl Kinth street and corner Ponnsylvau
Letter from Gen. Banks to the Chambe
Of Commerce.

On the 18th ultlmo, Gen. Banks wrote let
ter TO the New Orleans Chamber of Commerce,
in reply to memorial on the subject Of trade.
He concluded MS follows;
"There is not member Of your association
connected with the agricultural or commercial
interest who has not witnessed the transition
from seryile to compensated labor, which has
taken place since January, 1858, and who can
not give an Intelligent opinion OF Its operations
aad the causes proximate or remote OF Its ulti-
mate success or failure. The civilized world
is interested in the full Developments OF such
experiments, and would receive with profound
favor such comprehensive and authoritative
expositions as II Is In the power Of the Cham
| Der Of Commerce TO present.
SIN reference TO the present distracted con-
| dtion of public affairs, II Is obvious that Its
opinions and purposes will necessarily affect
| large class of people of high reputation and
great power in this and other countries. 1t can
| hardly bc expected that body incorporated by
! the state, welding such an extensive influence,
! and exercising such varied powers, will bo ST.
| lent In regard to such vital interests at time
| liEo this; or that the President of the United
States can accept without question tho counsels
| of a commercial company that hcsitates, or
| fails to recognize the authority OF the Govern
ment, or to assist him In maintaining, by what
ever meaus are necessary, It's constitutional
Jurisdiction and power.
| As pertinent to the subject OF the memorial
which you have presented to him, allow me TO
call your attention to the expe1iency Of carly
and decisive action upon this subject, and re-
spectfully to suggest that the private interests
of an association which declines the perform
ance of public duty thus manifest and para
mount are not certain to receive the assistance
1t asks or the protection It demands.
ct is scarcely possible that wise Govern
ment cen long permit a corporation OF such
negative character or principles to monopolizc
this commercial influence and power.
"The valley of the Mississippi affords to in
tellect, industry, and capital nobler theatre OF
action than the world elsewhere presents. II
Is the central basin of the North American con
tinent. It's rivers and bayous drain an area,
between the Alleghanies and the Rocky Mount
aims, of two million four hundred thousand
square miles. It has now ten million people
Populated like England, with three hundred
and thirty.two persons 10 the square mile, IL
will support eight hundred million souls. II,
, river communication Is twenty seven Thousand
miles, and Its ocean navigation commensurate
with the globe. More fertile soil never turned
Its face to the universal sun.
Scarcely product OF the Orient or the Occi
I dent that is not Indigenous, or cannot be &C
climsted. Many years ago Mr.. Calhoun sal
its capacity for producing wealth was beyon'
5 the conception Of man. Its soil clamors 10
n cultivation. The whole world teens will
n labor. Nothing Is more abundant, nothing NOR
easily managed. Its claims arc simple, AM
the lesson 1t teaches pregnant with the eKpe
+ rienco of many centuries. Ideas arc bette
-, than blows. Brains are better than blood.
"Heayen sends an annual average Of thirty
= three inches Of rain, and the mlsts OF eyenin
d are fresh and iertlizing as the dews OF Hermor
d Diseases will come when invited, and dcpal
N when ordered. Whisky repudiGted, and th
- virtues promoted, man will live long enough
and If wise and good receive hereafter larg
II dividends and a crown immortal.
n ''This mag nihcent material development ma
:. be distant, but 1t Is certain. The central fla
u OF the Republic will be planted In this valley.
"The whole family ofman will be impressC
with the purpose of It's people, and the cart
yibrate to their movements. II will be impo
n siblo for the Chamber of Commerce to slee
s quietly during this transition. New Orlear
4 must be the depot of Its products-the entrep
, for Its commerce with the world. Who WI
J. sound the call to the people the merchants
A. its mart, or the laborer of the levee
A. "Accept assurances of my high consider
N ton, and believe me yours, &C.,
~ IN, p. BANKS, NJ. 6. G..
"IIon. CHARLES BRIGGs and others, N.
Chamber of Commerce"