Bristol news. [volume] (Bristol, Va. & Tenn.) 1867-189?, 1868-10-23

zLse IN lsil l'ss alzkiz
,alu. a. sl3l. 50 375, Of which oniy the
small sum o S2l 32o,942 was imported di
rectlv
And yet, with this immense excess in ia
v0r C he ex ,prt trade Of the South moi
counting her domestic exporls-the halanc,
ct trade has, in fact, stood against that
81 ion
Her nett earnings have been absorbed bv
III AK to which her r5de has been subject
! ed by he Indirect channels AID unnecessary
agencle- t1rous1 whoa % has been cop-
! duCrrd.
| Upon D. IMPORTS a.one, az the low esti
mste Of ten prrc y, sine has paid annually
/ referring 3, thar fma--uver eleven mil
| lions of dollars for Vie services Of ''m.ddlr
menu aud upon ia. single matter IT duties,
! I'D the WAY Of mere mnis-jOns upO1 the
transactions, NJ less than t1ree millions.
ia the year 1860, 'ne valuo of Nnrthsrn
productions Spurr,d i3 put 20 one huudred
aud Sky -f.ur and Of Soutlrin A. two hun
dred END eight millions, while the imports
Of Tho North were valued at three hundred
d twenty on,, aud those made by the
Spu.l a. nut orty millions.
But your committee will not undertake
To- argue by he force # statistics a cOnrlu.
rlOn 20 universally acknowledged to be an
udisputable fact, the alb iity ofyour section
o the country to afford the necessary
means for conducting direct trade with
Europe.
The question before you, as we believe, is
not as to resources these are admitted to
be suiiicient--but how and upon shat plan
shall We agree for the organization OF the
steamship company, and the immediate es
Establishment OF the service.
These make up the sum and substance Of
the problem you are to solve.
Are we not to move forward in the con-
summation Of the grand ohiect-the great
ultimate purpose which Tennessee aud Vir-
giEia had foremost ia view when they en-
gagged to connect the father of waters aud
the Atlantic by railway line of uubroken
guage
1t is not within the compass of the sever
al interests Of these two States, to whose
fortunes the measure cannot fail to secure
a degree OF prosperity in no manner other
wise sttainable, to make up the small
amount Of capital necessary to the e,tsb
lishment of direct trade We wouid as
soon suspect our own individual loyalty to
this great cause as to doubt your willing
ness to perform your part in the undertak
Ing and We venture to indulge the hope
that now and here, on this occasion, such u
response will be made on behalf OF all sec
tons and every interest conc, rned ia the
as shall place its contamination
beyond peradveuture.
We feel that IN no other way can the !
success of the scheme be permanently es-
.ablished than by making it the common |
cause in every seuse--in cost and in man !
agement-throughout the entire extent of !
country over which its beneficial inf !
are to be felt. In no other manner do We !
believe can the scheme be broght within |
.he range OF your i'm mediate ability nor |
10 We believe any other plan of organiz4-
ion will as well protect the rights and in
erests Of all parties.
THE report is signed by General William
dahole, William ID. Reynolds, J. A. John
ton, of Virginia; General Nanny and Judge
5drton, Of tennessee.
The committee charged with preparing
business for the convention, make the fol-
owing report:
Thai they have considered the recon-
neDdatious made by the Bristol Couvcn-
ion, aud recommend their approval and
doption by this nv,nrion; and IN iurtber-
noe thereof propose that q subscription OF
800, 900 be here made by the several inter
ITS represen ed in this body, under the act
VI the General Assembly Of Virginia incur-
ofauug the "Iuterustiousl Commercial
)umpauy Of the Guy of Norfolk" and for
his purpose they herewith submit = form OF
subscriptions for the signature Of subscrib.
S; ana further, your committee, al the in
lance OF The Board of Trade Of Norfolk,
vcomm no the adoption Of the following ,
usouuOu =
R.snHY..I a.. ~ p
reai pleasure the interest manifested by !
Y esteun sud Northeastern States IN the
alter Inc communicative bttRetn the va !
y of The Mississippi, 10y way Of the Ohio, p,
iniShe and james rivers md in view ut
Ie Importance OF this work to the whole !,
lunty tins Convention look. forward hope :
lly orsspe dy ,ompoJ on d, ala improve /,
tent ut great ana Immediate national I'M :,
)I lance