New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-10-24
SOMETHING 10 BE CLUSTERED ABOUT.

tGat retardS her development as Grea
commercial centre; and each doctor ha
a theory Of his own about this weakness
and is prepared with remedy that viii
cure it. Some Of these reasons ani
avoidances are simply stupid, as, for in
stance, the suggestion that Republicanisn
is the root Of our trouble, and that tn,
return Of Democracy will restore US to
blazing noon Of prosperity. Another i
impracticable-that by varying the in
dustry Of the South we shall impor
nothing and export everything. Another
is half and half-tLat all We need is ship
ping, river and ocean, joining the graf,
raisers of the West with the grain consun
e-s OF the East. And like this is another
that the bar at the mouth of the Missis.
sippi only needs to be kept dredged tc
afford channel of twenty feet to give us
al the commerce We want
The Chamber Of Commerce, it is said,
was thrown into Autter on Saturday by
the inquiry OF Mr. Kennedy as to what
We should do with Our great grain con-
s!gnmeIt when We get them It is to be
hoped this Illustration will no: hurt any
body, as it is harmless, seeing that we are
II very poor Way to get tie grain. We
say We are IL poor way, because either
through cowarjice, or seiishness, or ig-
noraace, the main difficulty has never
been touched. We want money and large
minded men. With interest at twenty
per cent, ard with merchants too con-
sracted to patronize an enterprise that diff
fers with them in opinion, New Orleans is
clearly incompetent to swing herself aloft
b. the force Of her own muscular re-
sources. -..5--.
Let us see. Suppose farmer in Illinois
concluded to ship his grain to Liverpool,
via New Orleans, and desired to escape
the commissions Of the interior merchants.
he would put it on barge and consign it
to himself. Taking his bill of lading for
ten thousand bushels of grain, worth
twelve thousand dollars at Cairo, he would
enter New Orleans to make arrangements
for dispatching his crop to Europe. His
first establishment would be that this was
not wheat market, and that there were
no merchants in New Orleans who dealt
in that sort Of produce. His next aston
ishment would be that his bills Of lading
would not be considered good collaterals
for more than three or four thousand dol.
LAYS. But his biggest sensation would
arise when he met the bank president and
was told that all the money in town had
just been sent cut into the country, and
that advances could not be had. He
would probably get mad enough to tear
his shirt; however, when the banker
politely informed him, in an otfhard kind |
Of way, that there ras man in town
who had soHe money that be was willing
to Hazard at the rate OF twenty per cent,
and that if be, the wheat skipper, would
call IL the morning, this accommodating
but floating capitalist might be on hand
to fleece the applicant. Is it probable
That the Illinois farmer would ever forget
his experiment or renew it:
Good paper, rnexceptionab!e bank
paper, was shaved in New Orleans within
tne last two weeks at thirty per cent.
Just think Of that. And think, too, that
our banks pretend to Lave relations with
Europe, where capital is 50 abundant at
our per cent that the French govern
nent rejected three hundred millions of
dollars. Here is something real for the
Ihamber Of Commerce to fall into a flus-
ration about This is an elephant which
S already en- our hands, and before We fly
nto spasms about Mr.. kenredy's imasin-
~ cost, suppose we kick ourselves free Of
his present and actual evil. If the banks
ave wrought so as to command respect,
It them use their good name to increase
ur local capital by borrowing the cheap
1oHey Of Europe for our benefit. l.
The Bee thinks cheap freights will do
ne work. 1t is sure that we have all the
lpital necessary to own the grain crop of
le West, and Ikens our bank account to
lat Of Chicago. Was there ever greater
erdancy rounded off in pretty English:
ever. With money impossible to be
I'd at any price, except upon irreproach-
Die security, and that at extortiorate !.
ties, this fossil talks Of capital. Without :,
wheat market worth reporting in its =
columns, it protsers to deal !.
ith an interest that requires two hum
ed million dollars to operate it. This
the same sort Of Drag that swore one 3
'utherner could whip ten Yankees It
brass, and nothing more. g
The Bulletin suggests that if the =
'sayons can be kept at work the fruit :,
lness Of plenty must soon follow where
twenty foot channel can be had at the :"
outh Of the Mississippi. vagary, all. :. :,
long as the grain shipper can not raise -
oney IN New Orleans at the same rate -
at he can in New York and Boston, he -
II go where tie sinews of commerce ="
E strongest. Our cotton trade is de- r
ring, because the rate Of shaving r
per in New Orleans is ruinous to any 'e
siness. 1t is trae We need cheap ~
lights and a good channel, but these %
mere incidents. Before tie war the W.
+ was as troublesome as it is low. and ~
t We had a LaILor full Of vessels. III
'eights we-e high, and yet our COM 'f'