Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-08-12
sII.GoS.aIs

EaaEE - 49, 8f
ST., COS, 9IS
The population earning and making as
above. is estimated about $4,000. That
these figures represent growth will be
readily perceptible when we quote that in
1856 the assessed personal property was
only S533.220, while in 1863 it was nearly
SS.OOO.OOO. The Secretary in presenting
his figures, gets of the following about
'snaturaI advantages" which we COM
mend to those OF our Memphis people
who confess themselves contented with
our '~'natural advantages" and hinge
their individual success to that rather
than work by brain and muscle. The
Secretary says:
The old idea that a place with natural
advantages" L. C., proximity 10 mines OF
material, to fertility of soil, TO leading
channels of commerce, or means OF eN-
mort by water. must necessarily be forced
~ destiny to very shortly become a
city ofimmsnse siEe,-is no longer belleY-
ed by business men. People have learned
the fallacy of this reasoning by repeated
" seeing the stubborn fact that destiny
i controlled by brains,-nOt by natural
advantages" The latter, when properly
understood and taken advantage OF, are
~undeniably of great benefit but as q
brilliant education, or rare business
qualifications misapplied, inevitably lead
Il bankruptcv, shame and d~ishOnor, 50
do natural advantages" Misunderstood or
oyerrated, prove q damage and mlsiOr-
tune- 1 can enumerate a number Of WI
in this country, that have been fatally
strangled by natural advantages"
When the people of Memphis get thsir
auaturaI advantages" out of their hoads
we shall be able TO chronicle manufac-
lures in proportion to our population,
such as st. Paul now justly prides her
sell upon.
COTTON SEED OIL AMI CAKE.
The New Orleans PicayEne says that &C
cording to the circular of Mr.. Alexander
Mscrae, Liverpool broker, cotton seed OH
cake is worth in Liverpool - per ton
and that the short crop of grasses III Eng
land renders il very likely that there wis
be a material advance. This price Is
nearly two cents per pound, or about as
much as corn is worth. When our plan
tiers remember that they throw away
nearly half a ton of seed for every pale OF
cotton ginned, ONE idea may be formed
of the importance which cotton seed
oil and cake might be made to assume.
Nature has adapted every part Of the
product OF the cotton plant Tor some
useful purpose. After the lint Is taven
OH there IL left a seed, which contains a
rich vegetable oil, nearly equal to that
extracted from olives, an abumlnous sub
stance as nutritive to cattle as corn, all
inclosed in a hull which also Is rich in
fertilizing principles. A simple calcula-
ton viii show the great value of the cot
topseed annually produced in the South,
and which is destined at an early day 70
be utilized. From a crop OF 3,OJO,OOJ bdies
there will be a yield Of l,5OJ,OVO tons cot
touseed. The hulls of this amount, when
burnt. will produce 100000 tons Of fertll-
izinO material. worth some $4,000, 600. The
balance will produce 5000, 900 gallons OF
crude oil, worth 50 cents per gallon, or
I O0O. 900. and 100000 tons of oil cake,
worth. at SIS per ton, Sll,Z50,0GO. We
have. then, a total yield OF S33,Z5O,OOO
from the c-OttOnseed Of a single crop be
sides retaining the fertiliZing principle
10 rsplenisil the soil. Factories have been
s~nringing up all over the South, and these
commodities have already become OF con-
siderable commercial Importance. Inc
exDorts Of oil cake from the United States
for the year ending June Both, 1868, were
G6.S77.33O pounds, valued at S4,4y5,lyJ.
The oil is fast becoming known, and ready
sale can be had al home for all now manu-
featured, so that little has been exported
u lOLbAEh DAAAAA u.s. 70 80 49,
hitherto consumed some $4,000 sacks Of
cotton seed for her manufactures, and the
consumption this year Will probably
reach 2.OO0, 900 sacks, as several new FAC
tories have sprung up one of them being
the largest vet established in this country.
STATISTICS OF AMERICAN COMMERCE. AMI
.NAvIGATIoN.
From the report of the Bureau Of Sta
tistics at Washington, just published, the
New York Herald makes a summary as
follows: For the eleven months ending
May3LIs7O,th exports to foreign coun-
tries amounted in value 70 1885, 9iO, III and
the foreign imports to S42l 1895, 6I7. Of the
imports there were exported again ~, 76J,-
81. In the exports there Is included
specie to the amount of S33,l9i,953. This
Is not q very satisfactory exhibit. The
balance Of imports ver exports, nclud-
ing the exports Of specie and bullion, was
largely against ,us, even after reckoning
the 81. 78g3 81 Of exports offOreign goods.
Still this was an improvement over the
corresponding period Of 1863, the year be-
fore. The imports for that period IN 1861
amounted to S3g7 ,65O,9ls and the exports
70 $3.50 4s, 99l. 50 we see that not only
has the foreign trade Increased IN 1870
but our domestic exports were much larg'
or and approached nearer 10 the imports
This Is healthy progress, though the bal
anee is still against us. The balance hes
been paid by our national securities ok.
ported 70 Europe.
Among the commodities exported raw
cotton swells mp TO an enormous inquire
The value for the eleven months ending
Nav 81, 1870, IN specie, was s2l5s4ss,zJ3,
This amounted to nearly three-hfths o.
our entire exports. Breadstufis come next
which amounted to $50, Oh 1876; provisions
10 , 1871, 595; petroleum oil to s2S,O39,S59
and gold aud silver to SIS, l9i 1898. Alarg'
proportion OF the balance Of trade against
US arises from the carrying trade being IT
the hands of foreigners. Out OF s,ZI0tOs'
tons of shipping that were entered, b,l5o,
s6l we're foreign and only 3,ll3,s2o wer'
American. The foreign and American
tonnage cleared was nearly IN d sani'
proportion. The largest item OF unPorl
was that Of sugar aud moiasses. I'M
amount was SG0,0S7, 100. This ought Z
convince our Government of the import
aDce of acquiring the rich sugar producing
countries Of the West Indies on our Dor
der. We could not only become indepen
dent Of the rest of the world for sugar, buI
could have a monopoly of this commodity
for export as we now have Of cotton.