New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-10-19

1
stuffs at good prices. But it by no means
follows that all the money in The Old
World is to be spent for bread alone, ieav-
ing cotton entirely neglected. Every
thing will have it's turn in good time. The
Western farmers are having their harvest
just now, and we rejoice to know it is so.
The public will bear Us witness tina. the
REPUBLICAN has done all in its power to
induce our merchants to look after the
grain trade. But this YVES urged as a
secondary object Of enterprise. Cotton
with us must necessarily stand first,
though We should i'll up dull seasons with
anything that pays. The movement Of
cotton employs ony abou: five months in
the year. Sugar comes in little later,
and, perhaps. closes GU. little sooner,
leaving many months Of commercial stag
nation and inactivity. Unfortunately,
this year the Gotten crop is three or four
weeks later than the average. and has
not yet come forward freely. In the
meantime. We haze been doing nothing
since last spring. No. long ago. some of
our commission merchants wanted to draw
small amount OF currency to send West
for grain, but our banks, generally owned
and controlled by adverse influences, re.
fused. They not only withheld accomo-
dations, but even held on 70 what deposits
Western dealers had entrusted them with.
1t was the public sense Of ''this conmu.
nifty, at least the lalf dozen gentlemen
who manipulate the Clearing House,
thought SO. that the West had money
enough already, ard should have no more,
not even their Own. So, IS a means of
self preservation, the money belonging to
depositors was seized for thirty days. with
Mr.. Stewards prosrec. 70. a continuance
Of the time. All the money the me--
chants could borrow, which, probably,
was not much. has been long ago sent or:
ate, very slow crop Of cotton. Time
will bring this in, md relief with il.
It does not appear by the statemen. Of
the Democrat that this is bad grain mar
ket. But i: does seem that the ST. Louis
and Chicago dealers are sending TO New
York. where they realize sixty cents for
corn and then tau1ting US because we are
compelled to pay eighty.
Let US suggest division Of labor. AL
these great Interests should be attended
20, but no one section should be required
to look after them all at the same time.
New Orleans has sent its money after
cotton, which is not yet quite ready for
market. Why caa not St. Louis DO a !
little in the way Ct regulating the grain |
market. Situated as i: is in the very
centre Of great agricultural country, that |
city has it in its power either to lower the
prices Of corn in New Orleans or raise |
them in New York. Her merchants are
skillful il the trade, and are no: without
knowledge, for their leading paper in
structs them, they are selling their grain
that is sent fifteen hundred miles by rail-
for sixty cents. when they can ger eighty |
cents 70, it only twelve hundred miles off !
BY water. II Chicago and St. Louis will |
sent US thei, corn, wheat and flour, Gin.
,innati its po:k. whisky, butter, lard,
cheese, etc, and Louisville its tobacco, |
We will DO cur level bes: 10 sell cotton !
enough in q year 70 pay for them all, ex-
,ept such as may be taken out in rice and /
sugar. When the time comes to make up
and it's found tina. all parties
nave made handsome profits by simply
.t.ending each to his own business, i. will
lot be Of much moment which commo
lily that was made 20 contribute % the
general prosperity is entitled 20 regal
lonors.
New Orleans men have not 20. money
nough TO move the cotton that is tribu.
airy TO this city. Those interested in
rain, tobacco. pork. whisky. etc. must
AXE care Of themselves. :: they choose
o give this port tie so by and send their
lucks 10 market where they command
ow figures, il is as much their concern !
S ours. We slal! be very glad 20 do all !
re can Coz them. tu: a: present are
cry much engaged in attending % OF.
WI ;nperatively exactirg business.