New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-05-18
NEW YORE AND NEW ORLEANS.

I: would not seem that New York should
object to the Mississippi outlet as riva, to
her interests. That grea: commercial en-
porium is. like London, Independent Of
the daily attendance of her customers at
her counter. Each Of These grea: cities
has capital and shipping interest which
enables them to command transaction
with the most distant countries. It is
capital and confidence that make COM
merce. and not eXactions on the trade in
transitu. which passes through the hands
Of shopkeepers and hotel men. New
York controls the trade Of the Mississippi
valley in its culture. sale and shipment.
In New Orleans the banks. insurance COM
panies and many mercantile houses are
staked by New York. The shipping that
carries these products abroad belongs
to New York in good part. and
the exchange based on these shipments
is sold in New York, and. in fact, paid off
with goods sold by New York. As for the
grain trade Of the West. everything which
reduces freights or expedites exports en-
Lances the production and profit on grain,
and every dollar OF the Western grain
crop is spen: in New York for merchan-
disc. Why. then. is the deepening Of the
Mississippi passes. or cheapening grain
freigh,s from the West to Europe an i'll
Jury to New York? If bushel Of wheat
can go from Kansas to New York by a
river barge and New York coas: steamer.
is it not toc the advantage of New York :
Undoubtedly.
There is one point CT view in which
New York must sooner OK later take up
the Mississippi rive. as her srea: agent
and ally. 1t viii be i'll fighting the
St. Lawrence river and the Canadian
canals. Chicago and Milwaukee ere the
active and avowed advocates of Is direct
outlet and inlet through British waters.
Congress had admitted British vessels
into our lake coast trade. and III return
American vessels are allowed free pas
sage into and through Canadian waters.
Canadian goods may be imported through
| our customhouses on the same terms with
our own bonded goods consigned to the
interior. We will give the testimony of
| the st. Louis Democrat on the same point,
adding thereto the fact that Montreal sent
to sea. last year. twenty-five million
| bushels grain:
New York city seems destined to lose her
grasp upon the grain trade OF the West.
| unless she establishes some grain propeller.
| tn ply between the Mississippi river and
! her own ports. The people Of Great Britain
seem determined to snatch this vast trade
! from her careless custody and transfer it to
| Toronto. Canadian operator of u1heard
| OF bOldness are purchasing grain in the
| Chicago market. Il is a very common
| thing tor them to order 25C, 900 bushels OF
wheat or corn at one time. and the greater
! part of the sales now making in Chicago for
shipment are making to Canadians. and the
! grain is destined for England. via the st
| Lawrence. The tonnage Of the st. Law
renee specially adapted for carrying grain
in bulk has mos: wonderfully increased. as
| also ha. the grain carrying tonnage of she
lakes. owned and controlled by these bold
canadian speculato,s.
Here. then. is q way to and from Liver
pool far superior to the New York canal:
o. railroads. How can New York fight
Montreal: Only by adopting the Missis
sip,i rs her competitor with the st. Law
renee. This highway is open and ade
, tuate winter ali: summer. Al! that i
bears upon its curren. is LIZ: Tribute tc
tie commercial! supremacy Of New York
and it would be attr;butiuc more Of Sci
fshness than sagacitv to suppose thai
New York will close the Mississippi. anC
SO drive the Western trade through ;
British province and British river to the
markets Of the world.