The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1873-02-21
THE CAUSE OF IMMIGRATION.

A meeting of gentlemen interested in direct
trade with Europe and immigration was nelo
last evening at the Chamber OF commerce
rooms to receive an explanation of Mr. +. "a
pins plans for bringing about those TWO oo-
jects. Mr.. Vim. H. Lawton was Invited TO the
chair, and Mr.. F. G. Cart was requested 10 act
as secretary. Mr.. Lawton thanked the meet
Ing for the honor conferred upon him, ana
attributed 1t 10 the fact that he was known TO
have always taken great interest in the sub
Iects under consideration. 1t was hls belief
that the only hope of redemption for the South
lay in her ability to turn hither the tide of i'm
migration. He then introduced MI. Papin as
French gentleman from the neighborhood of
Nantes, who had attended the recent conven-
ton at Augusta.
Mr.. Papin commenced by showing that while
labor is seeking for better remuneration, capi-
tai Is likewise seeking for safer investments
than those usually afforded In the speculative
pursuits of the day. This then opened the
door for cooperation Of the two, which, by
creating common interest, would Insure the
safer working OF each. Such cooperation
was best achieved by establishing manrfac-
tories of cotton goods on the Joint stock
principle, in which the laborers should own
stock according to their ability to purchase,
and capitalists according to their in-
clinatlon. Such factories should be su-
perintended by men of ability and
experience, who would likewise be
stockholders. The laborers should be paid
wages according to their work, the superin-
te dent his salary, stock the Interest on the
capital it represents, ana after the deduction
of all expenses, the profits should be d.
vided pro rata among the stockholders.
Factories on this plan could be worked more
proftably than on any other, because capital
would be guaranteed against loss by strikes
and The idling of employees; each employee
being Interested in The welfare of the factory,
would compel his fellows to do their full
share Of work; while, or the other hand, labor
would receive the highest possible remunera-
ton. Each factory should be surrounded by
a community OF agrlcultursts, which should
produce the raw cotton to be used In the fac
tory. He then showed that there were a
number of factories, foundries. &C., In sue
cessiul operation on this plan in England and
upon the Continent of Europe.
On the subject of direct trade, he showed
that q line of steamers, If established 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 success. A line established between
Charleston and st. Nazaire, at the mouth Of
the Loire River, France, would have no such
difficulties to contend with, while 1t would
possess the advantages of bringing the South
In direct Communication with the cotton manu-
featuring towns of the interior OF France. 1t
would also afford q shorter route by which
emigrants leaving the South of France. Italy,
Spain, Austria and Belgium could reach this
country. But 10 work such line successfully
he maintained that 1t was necessary to COM
blne It with immigration, and to operate both
the arst essential was to Interest some OF the
leading merchants aud citizens of Charleston.
To do this he suggested the organization of
real estate aud financial agency, which
should be called the Southern Colonization
Bank, with q capital of s6c0,000; one
nth OF the capital to consist Of money,
and the remaining four.A[lhs of land
suitable for colonization purposes. The or.
gsnizers of the bank would elect responsl.
BILE board OF managers from their own mum
Der, which should manage the affairs of the
Institution. The objects of this bank would
be to establish immigration agencies In France
and other countries, to be furnished with
plsts of lands owned by the bank, specimens
of minerals, &C.; to lnaugurate the steamship
line above alluded to; TO colonies the immt-
grants on their arrival here, and to manage
the financial affairs of the colonies SO formed.
Mr.. Papin then explained at length the ed-
vantages to local and foreign capitalists AMI
Immigrants that would arise from such
financial institution.
At the conclusion of his remarks Mr.. John
Commlns moved that committee OF three be
appointed to confer With Mr.. Papln and Goa.
slider the subject of organizing an institution
like that suggested by him. This being
adopted, the committee was appointed by the
chair as follows: Messrs. John Commlns,
Charles sleglipg and B. F. Simons.
The following resolution was then adopted.
after which the meeting adjourned:
Resolved, That the press of this city and
State be requested TO bring before the public
the plans suggested by Mr.. P. Papln of CO.
operative organization for Immigrant settlers
on lands In South Carolina; and also that the
thanks of this meeting be rendered to Mr..
Papiu tor the valuable Information he has
has given on the subjects of direct trade and
cooperative immigration.
OUR PRICES 'CuRRENT.-We especially invite
the attention of our merchants to The NEWS
Prices current, issued this morning. Made