The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-09-01

Net profit .............. $40, OGt
Thus by holding their bonds i'll their portfolios
these foreign capitalists would make per cent
ON their face, but by using them in New Orleans
under the National Banking Act they would re-
aliye II per cent. We give these merely by
pothocated or pro t0Y7go figures. The actual L
suit would perhaps BE- less, but might be even
more favorable
In this We have only considered the question
with q view to It's actual pecunary returns a. an
investment But this Is far fir. III covering the
entire ground We will suppose that these for
eign capitalists are British manufacturers. is it
not evident that by their owning such an insitu-
ton in this city they would be able to exert a
OF their own fabrics? Could they not stimulate
the importation of such goods by safe
and prudent facilities to dealers en-
gagged in the trade? /. foreign houses could
realize On exchange drawn on New Orleans chs
toms, which they could readily do by the aid Of
the British bank, could they not safely extend
credits which would give them the preference
over Northern American houses Would not
such bank be the means OF bringing together
the British ma nufacturer and the Louisiana mer-
chant, to their mutual benef ? We think that
all these questions must be answered In the
affirmative.
hardly admits Of doubt. Five millions
Sterling invested in New Orleans would do more
to increase the product Of the staple than ten
millions invested in India. The delta Of the Mis-
sissippi is of such surprising fertility and 80
remarkably adapted to the cotton culture, that II
only requires capital to attract labor in order to
realize from its :lIllions Of uncutivated acres
cxuberant production to which there would be no
parallel in agricultural annals
The want Of capital, however, is not so abso-
Into thst even from their own resources the peo-
pie OF New Orleans cannot by earnest co-opera-
ton and liberal spirit, effect important results
in restoring the commercial prosperity of the
city in which every other interest is concerned.
We find that, although the volume OF our trade
= To ,pp
marksble natural advantages Of the port, the
diversion to other markets has been sufficient to
depress nearly every branch OF business Inc
sagacious merchant will investigate the cause on
whatever measures may be in his power to re-
move it.
In his examination, he finds that the additional
facilities for transportation offered by the extern
sion of the railway system in populous districts,
which formerly received their entire supplies
from New Orleans, are made commercially nearer
TO the Western cities The country merchant can
consequently buy his breadstuffs, pr visions and
Western manufactures more cheaply at the
West. and lay them down at his store at less
than the charges for transit via New Or ans.
A portion OF this trade we can hardly rect to
recover, bat q part is still within cur reach.
When the charges for mere transportation
are reduced by improvements In the naviga-
ton and in the means of transportation to az
rate not exceeding lilo cent per pound from
st. Louis TO New Orleans, our mere ants
will start with no more than this against
chem in their competition with their west
am rivals 7; and it will soon he found that
this difference can be compensated by saving
in the transit changes hence to the point OF
oonsun, ption. The charges by, rail per
mile being equal, it is manifest that, when,
ever the interior town is nearer by rail
20 New Orleans than to the Western cities, the
4 rmer may have an advantage greater than the
additional cost of river transportation The re-
suit will then depend on successful buying. The
oil MT will IN
nal source of supply, and then meet his competi-
tors from the Western cities on equal conditions,
ana II, under sVch circumstances, he prove the
cloeer buyer, be may D. ehle 70 ofIer the store