Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-06-21

DAEAANE1H 1SeA
mon sense enables him To discern 3 bar
gain. and clear, dispassionate juSClaent
co avail himself of what his common sense
suggests. What we call, in this country
/" hard horse sense "-cOmmon sense-is
an essential among the qualities hat en-
ter iuso and secure success for merchants
and business men, and we must ssg for
those OF Memphis, that if they have any
commendable qualities at all, this scarce
commodity of common sense is the lead
ing and prominent one. Is this com
mon sense that guides the merchants Of
Memphis against ~succumbing to the
bear - clique who, mindful only OF their
self-interssL snd reckless as to the utter
ests OF the planter, would, if they could,
run down the price o. the staple to II or
Is cents. We have no theories, and have
not advanced any speeglatiOns that are
not upbOrne by facts-facts that are stub
born things, and that cannot be Ignored,
We have given tRe items of hail and rain,
OF gross, OF lice and Of unreliable labor,
and cannot in the face or them believe
there will be an increased crop, nor that
cotton is nOw as high as it ever will be.
We know that in England the price Of
cotton has been steadily maintained, not
withstanding the increased supply from
tins country, and that a gain of e4,O60,-
900 in the value of exports is reported for
the first quarter Of the current year, as
compared with the corresponding period
ofIs6s. The receipts Of cotton at British
ports from January list to April LIST
amounted TO 2,255, g93 cwt, an increase Of
p per cent over the imports for the sRme
time last year, and yet the price has not
only been steadily maintained, but there
is an increasing desire for American cot
o. English manufacturers are pro-
IoundIy convinced that the inferior staple
of Egypt, India and Brazil can only be
worked into inferior fabrics. The South
therefore enjoys and viii enjoy a monop-
oily Of the cotton trade. The increasing
intelligence applied to the production of
cotton in the South, must always insure
20 us a monopoly in cotton. Our staple
is longer, better ginned, cleaner and
clearer. and as years pass weimProve and
VIII CONTINUE ~ 4AAkAoh0 AAAAA ~ no W.
shall be aDIs 10 present to the world our
cotton in its natural length and other
wise uuinjured by the gin. These
are facts which should not
he forgotten, especially should
they not be forgotten 10y a journal pub
lished professedly in the interest Of the
people Of the South. We say these facts
should not be forgotten, we also say they
should not be misapplied. Planters
should not, therefore, neglect their grain
crops. nor neglect their fruit, vegetables
or cattle. As a correspondent Of a cotem-
poraTy remarks, the staple, in its monop-
oIizing cultivation and late gatherings,
compels the Southern farmer to employ
his slab0rers oBs-half more of the year
than do our Northern neighhors with
their lighter but more profitable crops.
This precious lime might be devoted to
preparing our lands, fast wearing out, by
manuring and drainage; Planting fewer
acres, better titled; having extra land
sown down in grasses for pasturage; de-
voting more TO corn and the smaller
grains: then our chances for hogs and
cattle raising, for making butter and
cheese. would increase with henew order
OF things. This would make us indie
pendent, and tie light Of our prosperity
would be paled by none. And this
condition might be enhanced, if the CAPT
'sts Of the South would only get about
nam occurring the staple so as to retain
the nro6ts that now are left in England
aud Nsv Finland, aud that pass into the
coesrs al middI,~ men, bankers q rail-
roads. ManufactoiEes Wou give en-
ployment TO thousands 20 people VINO are,
during the long winter ,nohSDs coh-
PEELED to lie idle. The supplying OF Peo-
ple with food would necessitate more At
tention to general agriculture, and TIE
South would be independent Of foreign
ers and distant American producers for
her food and supplies. The South needs
more diversified husbaudry, and less Of
dependence on the N staple-cOttOn.
She pays too much tribute 10 fac
tors. brokers and middle-men, TO
be soundly prosperous. AS a proof
Of how valuable Southern manu-
factories may be made, and as per-
tinent TO and enforcing the views eK-
messed above, we copy these facts from
the Macon (Ga.) Journal of a recent date.
That paper says: ''The Augusta Factory
one Of the greatest enterprises of the city
situated on the canal, run $4,000 spin
dies, and Mr.. Sprague said that 1t was
the best managed Constitution Of the kind
in the country. The two buildings now
used by this factory are each 2Is feet loug,
A. feet wide, and five stories high. The
amount Of capital invested is SGOl,OO0,a and
for several years past the annual divi-
dend to stock holders has been 20 per
cent. The daily product is $500
wards Of manufactured cloth. The opera
tiyes number 500, and their monthly
wages amount to $4,000. No share of the
stock, costing originally SlOO, can now he
bought for less than Sl57. 1t is stated
that the families connected withthe opera
tiyes in the factory number twenty-five
hundred souls. The calculating mer-
chant can estimate the necessary expen-
diture of such a business feature in a city.
In another part of this issue Of the AP-
PEAL we publish a letter from San Old
-gitizen" on the subject of the railroad
10, / issue. 1t is very interesting, and
c.,,,o, Gail to arrest the attention Of our
oadar It's arguments are cogent, rea-
so,.ble and sound. 1t addresses, with
e-xaetpess. all tie taxpayers of Tonnes
see. aud is altogether in their interests
II laws bare the facts IN regard to the issu-
apce of the bonds, and en- forces with just
logic. the position taken by She AFPEAL,
that the state is neither bound in morals
nor equity 10 pay bonds that have 10
m~isapplied and misappropriated' d
which the Legislature itself mas iei'
called upon almost TO repudtate. In the
case of the Mineral Home Railroad and
the Tennessee and Pacific, the Senate
and House of Representatives Of Tennes-
sea have gone so far as in the case of the
first to repudiate wholly so far as the
xeueral public is concerned, and in thai
Of he second TO withdraw from the
Comptroller and Treasures all power o