Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-11-26

The second meeting of the Memphis
merchants, in the new hall of the Cham
Der of Commerce, was held yesterday
afternoon, the President, N. Hill, in the
Chair, and a great many members pres
ent.
The minutes of the former meeting
having been read, the Secretary read a
communication from the managers OF
the National Commercial Convention,
which is to be held in St. LOUIS on the
eleventh Of December, asking that a
committee of representatives be sent
from Memphis. The committee was
appointed.
A HANDBOOK OF INFORMATION FOR
IMMIGRANTS.
A communication was read from
Messrs. DOnoho & Buckley, in which
those gentlemen state that they have in
course of preparation a very fine "hand-
book of this and surrounding country,
which will be very valuable for circula-
ton abroad among intending immi-
grants. Accompanying the commune
cation was the following, which was
adopted:
WHEREAS, both labor and capital are
absolutely requisite to the proper deveI-
opment and to the enlarged and per-
manent prosperity of the country tribu-
tary to, As well as to the city of Mem
fhis, and whereas, the requisites are
not TO be secured without an effort to
that end, and whereas, the only legiti-
mate and efficient means of such ac-
eOmplishment is that of q liberal ditfu-
sion of Information about the induce
ments, here existing, in those States
and countries from which we propose to
derive population and capital; therefore,
ResolUed By the Chamber Of Com
Herce Of the City Of Memphis, That, in
promotion Of this object, we recommend
and urge the Importance and the duty
of the prompt provision, by general
subscription, of a fund of not less than
- thousand dollars for the pa6licd-
ton, translation and circulation of a
work of one hundred pages or more,
specially designed to this end, and To-
in course of preparation by Messrs DON
Ohio & Bulkley, of this city, the recOg-
| nized inaugurators and operators of i'm
migration to this section of country and
whose efforts and services in this lauda-
BILE and needed undertaking nust be sus-
tanned by our hearty and liberal cooper
alton, and that of the country around
US.
RESOLVED, That a copy Of this resolu-
ton occupy some rominentpage in said
publication and be sent out with every
issue thereof.
The President appointed this commit
tee TO solicit subscription toward the
publication of this excellent book:
Messrs. w. B. DOnoho, J, w. Dicken-
son and 4. A. Patton.
NEW MEMBERS.
Colonel Pinson handed in the follow
ing list of applications for membership,
who were elected under a suspension of
the rules: Robert Good, Joseph Bar
biere, jr., F. NJ. White & Co, Phil J..
Mallon, Charles n. Martin, Barbour
Lewis, Lou Leubrie, and James Cole
man.
STANDING COMMITTEE.
The Chair then announced the follow
ing as the members of the Standing
Committees, which failed Of appoint
ment at the last meeting:
On Ar6itrdtiOn-Messrs. $. NJ. Gates,
Phil J. MallOn, Thomas H. Allen, A. c.
TreadweIl, w. 5. Southworth, William
Farris, d. a. Clark.
Railroad COHHectiOn-A. 7. Lacey, l.
NJ. Hill, J. T. Petit, John 7. Stratton,
w. w. Scheduled.
Mr.. r. A. PinsOn offeredithe following
resolution:
ResOlUed, That a committee of five
members be appointed by the President
of the Chamber of Commerce TO confer
with the members elect to the Leglsla-
ture of Tennessee, and TO draft a memo
rial to the General Assembly of Tennes-
see, with regard TO the merchants tax
law, and especially to endeavOr to pro-
cure a repeal OF the law taxing the mer-
chants for the largest stock ON hand dur
ing the year, and substituting therefor a
tax on the actual capital employed by
each merchant in his business.
The resolution was adopted, and the
following gentlemen appointed as the
committee: Messrs. r. a. PinsOn. ". r.
Moore, John S. Tool, c. w. Goyer and
b. Eisman.
Upon motion of Mr.. Pinson, the name
of Mr.. Henry G.. Smith was added.
ON OUR PROSPECTS.
Judge Smith, at this point, rose to 9d-
dress the Chamber on our prospects. lie
spoke a sensible speech of half an hours
length, in the course of which he said
that Memphis had not progressed at all
in comparison with theinereased breadth
of territory that was now subsidiary to
her interests. If she had been depend
ing on the same territory that contribu-
ted to her growth twenty years ago, she
would have gone back. He said it was
a r~egretable fact, that the soil was dete-
riorating, and, in the hands of renters,
the prospects were still worse. The ten
ant system was a bad one for this
country. 1t was impOverishing the soil.
Unless something be done quickly Mem
phis would begin to decay. He advo-
Gated strongly the construction of more
railroads out West. The negro was a
thorn in the commercial kidney of the
valley. He would advise him, in view
of the amnesty that existed between
the colors, to emigrate to some place
where the general feeling would be more
of a kind-wOuld be mor harmonious.
He spoke very strongly in favor of ener-
getie action in reference to railroads,
without which we were doomed to
William R. Moore followed in the
same strain. He vas more emphatic
than Judge Smith. He pointed out how
Louis was cutting US out by her
Western roads. The White river cOun
try would be shortly tapped by st. Louis
roads, and those vast products that be-
longed properly to US would go to swell
the growth of st. Louis. There could be
doubt about the result when the peO-
of those vast territories out west of
US have their choice ofgoing to st. Louis,
with its three hundred thousand inhat-
or Of coming TO Memphis, with
its fifty thousand. He instanced how
Chicago, a city no older than
Memphis, grew up m~iTaculously,
because she went heavily in debt
to build her railroads. 1t was very
shOrtsighted economy to refuse money
to railroads. He pointed out the abso-
lutte necessity of reaching Jacksonport,
Arkansas, as soon as possible.
Judge Brown spoke in favor of those
roads very earnestly. He said
our Western connections have been neg
lected most unwisely. The money that
had been heretofore expended on our
Eastern connections ought to have been
used in perfecting our Western roads.
He showed that our present condition
not at all enviable, with the inn
poverishment of the land going on as
by Judge Smith, owing TO the
eating-up nature Of the negro cultiva-
ton OF the soil, we were getting poorer.
1t is not that sort of labor that was cal
to build up the South. The Ia
Dor that viii make this country great
must be accumulative labor. White la
Dor was accumulative. II is that which
makes this a great country. In the
meantime, for it would take time to
bring that labor here, it becomes our inn
perative duty to look after u roads out
West. We wanted aud should have
connection with the White river at
Jacksonport, ninety miles away, and
also with Shreveport in the Southwest.
He submitted the following resolution,
which was adopted;
Resolved, That the Chamber Of Com