The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1874-09-24
REPORTS ON SUNDRK SUB.
.BECTS.
Submitted and Adopted i'm second
Days Proceedings.

SabmiIted and Adopted i'm second
Days Proceedings.
Committees on Direct Trade, Immi-
grafton, Labor and Transportation, made
the following reports, which were received
and adopted
REPORT OF COMMITTEE ON DIRECT
Your committee opened a correspon-
dence with several Liverpool merchants
in regard to the direct shipment of cotton
to that market, from all of whom a great
desire was evinced to enter into that trade,
by making as liberal offers for the sale of
our cotton as was awarded the most
favored. In answer to this correspondence,
Messrs. Watts d Co. in person, met your
Executive Committee in November last,
and made arrangements to advance three
| fourths of the home value of cotton and
hold it subject to the order of the shipper
the advance to bear interest at the rate
of five per cent. per annum.
At that time it will be remembered that
cotton was almost unsaleable for cash,
unless at extremely low and ruinous
prices, the banks refusing to pay out
| currency, and cotton being sold in the
ports tor certified checks only, on which
money could only be obtained by selling
them to brokers at from FIVE to ten per
cent. discount, which, of course, was at
the expense of the producers, and which,
deducted from the price for which the
cotton was sold, reduced it very much
below parity with European markets,
by which the prices are generally governed,
as at least tWo-thirds of our cotton
his to seek purchasers in forei n mar
kets
This state of affairs continued for some
time, with every appearance of in definite
continuance, until some direct shipments
of cotton began to be made by the Patrons
in accordance with the arrangements made
with Messrs. Watts d Co., and a SIM
liar movement by the Changers of
Georgia.
When the capitalists who were engin-
eering this oppressive movement of the
monopoly of capital on the producers,
found that European capital was brought
in competition with them, partially re-
leased their grasp and permitted the laws
of supply and demand in some measure
to have their normal influence in the mar
kets-Of our great staple.
The results of the shipments to Liver
pool, as far as your committee is informed,
has been satisfactory, and when the benefit
accruiug from the competition produced
by them is taken into consideration, its
value is of infinite importance; it points
out the means by which we can, in a
great measure, secure exemption in
the present and future from the arbitrary
and oppressive acts Of home organized
capital.
And your committee recommends that
such action shall be taken by the Oranges
of Mississippi as will intensity and increase
com petition in this matter to the end that
our products shall have free trade to its
fullest extent-rather making use Ct the
financial and commercial machinery as
now existing than attempting any untried
and unrisked agency to be created.
The present condition of the markets
of this country and Europe show a great
degree of depression in the cotton trade.
influenced by the belief in Europe that
the crop of this season will be 4 900 900
bales, which has been established by
every kind of Misrepresentation, promul-
gated by interested parties at the North,
but more especially through the means of
sham sales of futures in New York, at
prices from 153 to 16c through the
months from September to January
(which would make the home price about
124c.) The fixing of the price of our
product in advance by Wall street cap
italitsindicates another attempt to plumber
the producers by taking advantage of
their necessity to sell, so as to enable them
to meet their obligations for the current
year.
To defeat such forced sales as this
action on the part of the bears contem-
plates, it is only necessary to ship the
cotton to Liverpool direct, get the advance
of three-fourths of the value, and hold
it until the shortness of the crop is fully
understood abroad, as we know it to be
here.
And in this connection it should be
understood that it costs less to hold cotton
there than in other ports, storage and in
surance being much less, and none of the
other charges higher.
Your committee has made an effort to
open correspondence with the New Eng
land manufacturers, looking to direct trade
between the plantation and the factory but
found no responding disposition evinced,
and gave it up as hopeless case, either
of servility to, or completely with, organ
lied capital.
In conclusion, your committee, in this
connection, and as a matter in their iudg-
ment of vital Importance, and of State
pride, would most respectfully and earn
estly direct the attention of the State
Grange to the port of Pascagoula, as port
of entry where ships now enter delivering
foreign cargoes and depart with the pro-
ducts of Mississippi.
Your committee regret that they are
not prepared with extensive details in this
behalf, but could not conclude without
reference TO 1t.
Respectfully submitted,
+ + { 2 : : B B s Committee
REPORT OF COMMITTEE ON IMMIGRATION AND
LABOR.
Whereas, The Federal Government,
under the Homestead laws enacted by
Congress, is inviting immigrants from all
countries to come by millions and occupy,
| almost without money or price its hundreds
of thousands of unimproved lands in the
! West; and whereas. the great railroad
companies, owning many more millions
of acres Of the best farming lands that the
| United States now own, are offering these
wild Western lands to all corners at
nominal prices, payable in five to twelve
wears, with free tickets to visit these lands