The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1865-08-23

after ttlc atlviccs were first sent.
The markct for flour, meantime, may have con-
sjdcrabiy fallen, and the shipment may have to be
sold at Il loss. Ten weeks of commercial fore
thought, and the pccuniary ability to sustain its
consequences, be they what thoy may, arc thus
required, and this involves SO much experience
and 30 much capital, that the larger operations of
commerce arc virtually monopolizcd by q compar-
atircly small class Of persons. Tclcgraphc com-
munication with Europe would narrow the time
down to two months, and probably by thus lesson
ing the risk of bad adventure would enable the
shipper to afford tho employment Of steam ves-
Bels, which again would reduce it down to three
weeks. The market chances of three weeks ahead
would only, therefore, have to be considered, and
the class of persons who possess intelligence and
experience enough to calculate such chances with
q fair degree Of certainty, and who Gun command
capital enough to await the result of three
weeks adventure, being SO much larger than the
class who now have almost entire control Of the
great commercial avenues of the world, commerce
will find it's way into not only more numerous but
moro cnterprisng hands.
Tho results of this important change readily
suggest themselves Instead of being monopo-
ized, as it necessarily is now, by few of the
largest capitalists who, being personally unable to
supcrintcnd their own vast operations, have to
ploy others, the expense of whose services and the
risk they cause 10 their principals, have to be borne
by the consumers of the products shipped by them,
commerce will thenccforth be conducted by men Of
smaller means, and men who can devote their per-
sonal superintendent to the business Instead of
revolving around the little islands which form the
British Empire because capital accumulated in few
hands there, it will be conducted by American
;pl;r tale
smaller than those OF their British cousins, are
largely compensated for by their individual enter
prise and intelligence. Instead Of being the heir
loom of q few rich families in Europe, it will be
within the reach OF ell those millions who now are
driven for want OF the necessary capital to the hard
work and drudgery of the world. 1t will throw
open the trade of Europe almost as much to COM
mon competition as is now the trade of the United
States, where man may commence business MS q
merchant with scarcely any capital at all. In Il
word, it will be as though the entire civilized world
were removed en- masse to our very doors, and Us
though were removed 10 theirs.
With Asia it will be the same. The trade of
Japan, than which nothing more lucrative can be
instanccd and the vast commerce which enter
prise and capital will open with China, must find
its way into our hands through the great port of
San francisco. And branching collateraly from
the route Of the telegraph wire to all parts of in
terror Asia, the time would appear to be not far
distant when the great currents of trade instead
of convcrsins in Europe, will revolve i'll an area,
of which the State of California will form the
centre.
To promote the success of this great enterprise
by every means in our power, and to facilitate the
accomplishment of the grand changes which it is
destined to produce in commercial and social af-
fairs, should now be paramount object to all
Americans. We should never forget our mission
as nation-that of not only affording sanctr-
AIRY to the oppressed, but free field of competi-
ton to the industrious-and every enterprise
whose direct collateral effects point to those
noble ends, should secure the unqualified approval
and encouragement of our people.