The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-08-10
1.o-nise Of a New Trade.

pTOIQlSo IA
~.s IN . small, way for the supply
inc Of the local demand for co', o,ahmon
.,ty have suggested the idea thar ~, moi
nav At An early day do a consia'. .~a h,,s;.
- nntton' IL is known that tue "o'i
- tha manufacture of cotton mas oeeh
ANSsua,ad hcre within the last re" years
Sn,.S or,,re success, and the gains IN tnls
~anrc,c,ure have been materially aided by.
.ho n,,rrhsse of cotton in the producing
districts of interior South and North Caro-
lima and shipping it by 1ail direct to Rich
mond. The manufacturer has In this way
saved a considerable sum, compared WIN
the Old mode OF procuring the raw LIZ
terial.
NOW, II the manufacturer can ge' un'
cotton to Richmond cheaper than ne Gun
Guy 1t in Charleston-whicb we uho1.
s'@no Is the case-why may not co''oh
bought and sold and shipped here 10
vantage? The railroads running 70 .n S
c'ty would be benefited by having 'ne
freight; the capitalist here would nave :. :.
aeW means Of investment the hanoi'is "
sne staple would give employment
oor' n its shipment would increase ~
soiome OF freights upon the river ~
the extent of this Increase would ~
the shipping capacity and consequence VI
our maritime commerce..
The subject Is one that has just begu" =
attract attention, and it is one that "e'
serves especial consideration. There aio
considerable cotton districts on the 1aah'u
and Cape Fear rivers, in both North anu
South Carolina, which are directly con-
nected by rail with Richmond. IL Is ~
easy TO transport the cotton OF those ds-
tricts to Richmond as to any other place
of shipment, while. In the way OF rec,pro-
cal trade it is as easy for the producer to be
supplied from Richmond as from any other
market. Add to these undeniable propo-
sitions that the price that will be paid here
will be as high as that paid at any other
shipping port-because the purchase here
will be as much for the ultimate destina-
ton Of the staple as it is in New York
and we cannot see why there should be any
obstacle to a liberal cotton trade in Rich
mond.
Again, in the matter Of temperature.
health and bodily comfort, Richmond is to
be Infinitely preferred to any market which
the producer in the South would be likely
to visit and it is near enough to enable
many cottou-growers to come with their
cotton and attend to its sale, and to make
their own purchases.
The line of the road through Wilmington,
Weldon, and Petersburg, drains a large dis
trict that could, upon these grounds. derive
many advantages from shipping cotton to
Richmond. That line has lately become a
liberal through line, giving to Richmond a
fair and equal chance for Atlantic coast
trade, as far as it extends, with any other
cities. The Danville line strikes the rich
valley of the Yadkin and opens it to the en-
terprise of our people. Richmond, both in
distance aud directness of transportation,
has the advantage over any other city in the
trade with the people of the Yadkin.
SO here is the field and its advantages,
mutual between the merchant of Richmond
snd the producers south of Us. We can
see no obstacle in the way OF a commerce
mutually beneficial to the two parties.
A large capital is required here to pur-
chase tobacco. There is a portion of the
year when this capital is not needed for this
purpose, and must seek temporary invest !
ment in other staples or speculati6ns. That |
interval is the period when the cotton trade |
is most active. Thus we should by h wing |
a cotton market here accommodate this |
capital and give it constant exercise the !
year round.
We may, furthermore, add that from re- |
cent encouraging results we have good rea-
son to believe that there will be a large
increase of cotton manufactures in Rich
mond. The local demand for the consump-
ton Of the mills will constitute a solid basis
for the trade, and facilitate the means of
embarking in this new commerce.. Once
begun, we shall see it swell to 4 consider
able magnitude. We have shown that the
interests Of all concerned would be SO de-
cidedly promoted by making Richmond g
cotton market that we can hardly doubt
the entire success of the enterprise.
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