The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-02-26

A meeting of gentlemen interested in
direct trade with Europe and imraigra.
tion. was held last evening at the Cham
Der OF Commerce rooms TO receive an
explanation Of Mr.. P. Papin's plans for
bringing about those two objects. Mr..
VIM. M. Lawtou was invited to the
chair, and Mr. F. G.. Cart was requested
to act 40 secretary. Mr.. Lawton thanked
the meeting for the honor conferred
upon him, and attributed it tc the fact
that he was known to have always
taken great interest in the subjects
under consideration. It was his belief
that the only hope of redemption for
the South lay in her ability to turn
hither the tide of immigration. He
theu introduced Mr.. Papin as q French
gentleman from the neighborhood of
Nantes, who had attended the recent
convention at Augusta.
MIR. Papin commenced by showing
that while labor is seeking for better
Remuneration. capital is likewise seeking
for safer investments than those usually
afforded in the speculative pursuits of
the day. This, then, opened the door
for CO operation Of the two, which, by
creating a common interest, would in
sure tho safer working of each. Such
cooperation was best achieved by estab-
| fishing manufactures of cotton goods
on the joint stock principle, in which
the laborers should own stock according
their ability to purchase, and capitalists
according to their incliuation. Such
| factories should be superintended by
men OF ability and experience, who
would likewise bo stockholders. The
laborers should be paid wages according
tn thoir work, the superintendent his
salary, stock the interest on the Capital
it represents, and after the deduction of
all expenses, the profits should be di.
vided pro rata among the Stockholders
Factories on this plan could be worked
moro proftably than on any other, be-
cause capital would be guaranteed
against loss by strikes and the idlipg of
employees; each employee being inte-
rested in the welfare of the factory,
would compel his fellows to do their full
share of work; while on the other hand,
labor would receive the highest possible
remuneration. Each factory should be
surrounded by q community of agricultu-
rists, which should produce the raw cot
ton to be used in the factory He then
showed that there were number of
factories, foundries, &c., in successful
operation on this plan in England and
upon the continent of Europe.
On the subject of direct trade, ho
showed that line of steamers, if estub-
lished between Charleston and Liverpool
or Havre, would have to contend against
the firmly established lines between
those points and New York, which would
materially reduce the chances Of its sue
cess. line established between Charles.
ton and st. Naznire, at the mouth of the
Loire River, France, would have no suoh
difficulties to contend with, while it
would possess the advantages of bring.
ing the South in direct communication
with the cotton manufacturing towns in
the interior of France. It would also
afford o shorter route ny which emf.
grants leaving the Sonth of France,
Italy, Spain, Austria aud Belgium could
reach this country. But to work such q
line successfully, he maintained that it
was necessary to combine it with imnli-
grafton, and to operate both, the first
essential was to interest some Of the lead
ing merchants and citizens of Charles.
ton. To do this, he suggested the or.
ganization Of real estate and financial
agency, which should be called the
Southern Colonization Bank, with q
capital of $500, 600; one. fifth Of the capi.
tai to consist of money, aud the remain.
ing four-ffths of land suitable for coloni.
zation purposes. The organizers of the
bank would elect O responsible board OF
managers from their own number, which
should manage the affairs of the institu-
ton. The objects of this bank would be
to establish immigration agencies in
France and other countries, to be fur.
nished with plats Of land owned by the
bank, specimens OF minerals, &c. to in.
angurate the steamship line above al.
luded to; to colonies tho immigrants on
their arrival here, and to manage the
tiuancial affairs Of the colonies so formed.
Mr.. Pnpin then explained at length the
advantages to local and foreign capital.
lists and immigrants that would arise
from such financial institution.
At the conclusion Of his remarks, Mr..
John Oommins moved that q committee
of three be appointed to confer with Mr..
Papin, and consider the subject of or.
ganizing an institution like that suggest.
ed by him. This being adopted, the
committee was appointed by the Chair
as follows: Messrs. John Commins, Chas.
Siegling and b. L. Simons.
The following resolution was then
adopted, after which the meeting nd.
journed:
Pooo1roJ