Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-03-17
resentattve. oftne unlted statss 81 oongress

State OF Mississippi, would respectfully pc
! funding the taxes coIiecied on cotton BY the
federal government during the years Io63-o5-
66-67-68.
Relying upon the principles o. right and
justice, with which the mind OF The American
deople is so thoroughly imbued, the people OF
the south confidently hope that restoration OF
these taxes viii be made. As persuasive OF
this opinion they refer to the various bills in
troduced in congress looking TO his result.
Each and all of said bills agree n principle,
and assert that the taxes ought 10 De re-
The only question of difference is so TO ar
range the details IS best TO carry out the pro-
visions OF The act. OF the man. details the
most vexed is, who shall oe appointed dis
bursting agents.
of the various bills on this subject, the one
most approved by congress provided that the
amount necessary to refund these taxes be
paid over and delivered to the governors or
the authorized agents Of the several states
and Territories in which said taxes were col
lected.
10 this provision we deem it Of vital i'm
portance that the parties interested enter
their most solemn protest, because, se.
First-Being buSi less transaction, it should
be managed and controlled so4ely by business
men.
second-Greater responsibility is realized,
and more satisfactory results are obtained
when agents act under 1no2yldual restric-
ttoDs, than when they act under and by VIZ
tue OF an Office.
For the purpose OF securing prompt and
equitable distribution of the amount to be re-
funded, this board of trade would respectful
ly suggest that an agent be selected IN ca ch
and every congressional district n which
said taxes have been collscted, and that such
agents be empowered, If the same be deemed
necessary, to appoint snb-agents in and for
the several counties composing thetr various
districts.
We would further suggest that the agent to
be designated, as above provided, be some
prominent national or local bank, located
and doing business in such congressional dis
triet, and that such restrictions be thrown
around the same as will insure prompt and
faithful discharge of the duties imposed.
Hoping this measure OF relief so greatly
needed among our people will rect favorable
consideration from your honorable body, we
respectfully ask attention to the matter above
set forth. And your petitioners will ever
pray, etc. q. Y. ALERT,
President Columbus Board of Trade.
]. W. e. SoADY, Secretary.
COLUMBUS, MISS, February G, 1874.
The communication was received, and
the chair, on the motion being adopted
for the appointment of committee,
designated Messrs. A. A. Patton, w. o.
Harvey, Mckay, J. r. Goodwin, and
Leon TrOusdale.
MEMORIAL FROM NEW ORLEANS CHAM
BER OF COMMERCE.
The following communication solicit
ing congress for the support OF the Texas
and Pacific railway company, was read
by Mr.. Daniels, and, on motion of Mr..
Apperson, the chamber adopted the
memorial, and resolved to irdOrse the
same as a petition to congress. The
memorial reads as follows:
To the Senate and House Of representatives
of the United States, in Congress assembled: :
The New Orleans chamber OF commerce re-
spectfully represents:
That they are deeply concerned to learn
that the Texas and Pacific railway company,
Notwithstanding that the ultimate resources
of that work are valuable almost beyond COM
putatiOn, have found that its Immediate ac-
coRplishment by corporate means cannot De
effected with sufficient rapid1ty tC comply
with the public demand. The cooperation
of the federal government becomes, therefore,
necessary to the development of the national
interests involved ia the completion
of the corporate undertaking. These nation
al interests may be thus indicated:
First-A national highway tC the Pacific
coast, uninterrupted by snow, undisturbed by
savage raid, located on more favorable grades,
and throughout C more productive territory,
than any other.
Second-A line developing to American set
uement a region of uneQualed capacity for
the production of cattle, cotton sugar, and
tobacco, and not otherwise accsssi ble Tor
want of nsvigable waters.
Third-The most direct line Of transit be-
tween the capital and great commercial CEN
ters of the Union and the coasts IF CONNER
cial Asia and Africa.
Fourth-A route penetrating ny its main
trunk and branches the richest States of
Mexico, thus giving to the man ufacturing and
mercantile interest Of the UuiOn e monopoly
OF commerce with these States beyond the
posi- bility of competition on the part of
foreign merchants, who can neither employ
navigable waters nor transitacIe highways
from their ocean coast across tie mountains
to the rich and p0pdlOus cities Of interior
Mexico. Thus TIE precious metals mays be
again, as formerly sent from chihuahua,
Coahuila, Nueva Leon and New Mexico,
through the terrLrOry OF Texas, 20 New Or
leans, as the nearest wholesale market, in
exchange for the various manufactures, i'm
n a nnnAE 81 rp GlAn a N
cities of the Union.
Fifth he attrac ion of population viii
rapidly NIL our own territory, end not i'm
probably spread, by purchase and lawful ac-
quisition. into States adjacent to our own.
The effect OF this migration upon the power,
wealth and development OF the Union, is
only to be estimated by the result OF similar
expansion in It's past history.
SiXth-The expenditure of nsttonal aid will
stimulate the employment of thousands, now
idle, and thus spread throughout the whole
system of industrial circulation this relief 10
unemployed labor, this demand fo- unstable
surplus, Is an incident Of far consideration
among the consequences which Eaust follow
the assistance asked at the hands IF the gov
ernment.
BILE the value of the precious metals exporta.
bic from the Mexican States OF sonora, Du-
range, Guadalaj3ra and Gu2uaiuato alone,
may be stated at so 0O0,eo0. To this it may be
added that the capacity of these interior
states to produce sugar aed coffee IS only re-
stricted by the cost of getting these products
TO market. The comprehensive statement is
made that there are 9,6C0,001 Mexican people
with an interior trade of more than SjO0000,
900, and foreign export and import trade of
S55,00O,000, all within five days rail Cf Chicago!
ghe government will thus see that the COM
pletion of this last link of communication is
alone wanted TO place these great elements of
reciprocal interest in direct connection with
each other. Humboldt said sixty years since
that coaches Will one day roll between Wash
ingtOn city and the city of Mexico" 1t is
your province 10 realize the prediction.
With such demonstration OF undeVeloped
values only awaiting the connuhial ceremony
of intermarriage, does not your honorable
body perceive that in postponing this consum-
nation to the comparatively slow agencies of
a corporation however powerful, con-
people OF the fun fruits, which should
not be deferred one day beyond the posi- bill
ty of completion? The production and con-
sumption of distant and acoOrdent countries
now stand betrothed before you: viii you
withhold the parental blessing that will at
once facilitate and legitimate their Offspring2 ?
Yoa have explored mine. 1t is Of ineStima-
bic value. VIII you, by q marrow economy,
exclude yourselves from its Immediate rev.
enue, or will you by prompt energy enter at
once upon the enjoyment OF these values?
Your honorable body viii not forget that
you may secure by a few peaceful words
that which England has made wars, expended
millions and traversed broad oceans 10 obtain.
Yop.wil have access to the trade of Guina,
Japan and Australia. You viii place your
manufacturers in close commercial commu-
nication with the tropical countries. You
will bring an India to your doors. What pre-
vents the immediate consummaticn of this
simple yet gigantic policy?
The Texas and Pacific railway company
have need of immediate aid. 1t can not be
obtained in the financial centerS Of Europe,
because the faith of capital in American cor
porate securities has been shaken by the mis-
adventure OF another great transcCnttnental
railroad company. This cSmpany tmpru-
IDENTIFY complicated its own speculative en-
terprises with the business and financial af-
fairs OF the whole country, and, indeed, of the
whole world. 1t is unfortunately true that
even such enterprises as that OF the Texas
and Pacific railway company have suffered
from the general distrust that has followed
the panic of 1873.
Your memorialists have thus recited the mo-
tives which should, in their judgment, induce
the government of the United States to aid
the Texas and Pacific railway company by
granting the government guarantee for the
ON the bonds of the company upon the terms
proposed by them, at as early q dey as may be
ompati BILE with the forms of deliberate legls-
lstion. They expect congress to examine care
fully the resources and securities offered by
this company, and to protect the government
against the posi- bility of fraud or failure in
the application of the funds tO be thus proVid-
ed directly to the purpose for which IL Is
asked.
Your memorialists commend this object 10
congress and cOnfide in your wise integrity
10 protect the public against any posSlbl rep
etition of the national shame involved In the
credit mobiler application The aid SSked in
this case is svindicated by the reasons assigned,
but 1t should be so bestowed and applied that
no nlercenary motive can be assigned 10 It's
advocates. Every member c1 congress must
be enabled 70 hold up clean hands before his
| constituents and invoke their grateful bless
ings for vote which has placed them In
present possession OF a commercial empire
/ an empire for which the world hes contested
/ for centuries, and which will have been Sc
| cured by judicial national aid, without one
J drOp of blood. one stain OF fraud, end, as your