Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1875-08-15
DIRECT TRADE.
The Mississippi VSIIey TradIng Conf
PaBy-CaPitaI So, OOO, OOO-A Depu-
tatfOn 90 Visit Memphis.

The Mississippi VGIley Trading COM
paBy-CaPitaI SIS, 200 ,OOO-A Depu-
tatiOn 80 Visit Memphis.
Memphis Avalanche.
An English deputation Of the Mississippi
Valley Trading Company will reach this
city next Monday, for the purpose Of exam
lining the facilities offered By Memphis
as a center of operation for their COM
pany.
The Mississippi Valley Trading Com
pany is an international cooperative com
pany, organized for the purpose Of direct
trade between Great Britain and the Mis-
sissippi valley. The movement was origi-
mated by the Managing Director, Hon.
Thos. d. Worrall, and BY him presented
to the Congress of Cooperative Societies
of England, which at once fathered the
scheme and it was incorporated under the
English companies acts, 1S62-67, with an
ultimate English capital Of S12, 800, 900, and
S12, 100000 American.
The object Of the company, according to
the articles of association, are $50 bring
the manufacturing population Of Europe,
and the agricultural population Of the
United States, especially those Of Great
Britain and the Mississippi Valley, into
direct communication By an exchange Of
produce, mutually conducted on the basis
of freedom from every fraud, adulteratiOn,
imposition or tricks Of trade, and for this
pOTpose TO do all or any Of the following
things:
40 export to the United States articles
manufactured in Great Britain or else
where, and dispose Of the same 10 any
members of the company resident in the
United States, either by way Of cash sales
or in exchange for any articles produced by
them; and if a market cannot be readily
found for any such articles among the
members Of the company, 10 dispose Of the
same on account Of the company TO any
other persons for cash, staples or produce.
"TO export to Great Britain or other coun-
tries the products Of the Mississippi Valley
or other parts of the United States, and dis
pose of the same 10 any members Of the
company resident in those countries, eth
er by way of cash sales or in exchange for
articles manufactured or produced by them;
and if market cannot be readily found
for any such produce among the members
of the company, to dispose Of the same on
account of the company to any other per-
sons for cash, manufactures or produce.
sTo make advances of money for the i'm
prOVement or establishment of water |
courses, railways, steamboats,, barges, or |
other means of communication in the !
Mississippi Valley. To make advances of |
money to any members of the company |
resident in the United States, either in |
dividually or in collective groups, on the |
security of real property, for the purpose Of |
enabling them to raise or prepare for the /
market staples, produce, or any articles |
dealt in by the company, or TO develop the |
agricultural or mineral resources Of the CON- |
pany. For the accommodation Of the /
members Of the company 70 receive money |
on deposit or withdraWable at call, dis
count bills or notes, guarantee debts, and /
otherwise transact the business of bankers
or agents." And in all other respects to
conduct the business Of the company on
the same plan adopted by the cooperative /
Of England.
SHARES ARE FIVE DOLLARS EACH, GOLD.
Payable on application, 81; on allotment,
81; remainder by installments Of 81, at in
teryals of three months. Profits, after pay
ing eight per cent dividend, TO be shared
ratably between capital and trade.
The gentlemen Of this deputatiOn have
visited New Orleans, Mobile, Gal
weston, Atlanta and Dalton, Ga, at all Of
which places they were well re-
ceived, and every encouragement pos
sible given to the enterprise by
the citizens of those places. At Dali
ton, Ga, they met with the State AgTi-
cultural Association, the members of which
heartily endorsed the project, and many
stock subscriptions were taken. They will
reach this city Monday, on their way to st.
Louis.