Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-09-26

bodied ina be pamphlet D. the -rHe me OF Vi9ns
o. rultr a- marked oct iuT the different ,c.e-
gRfiDas. The following ls q copy ui Ae
LETTER To BRONSON BAYLI-s, EEQ,
adlres-ai Co him as presld, o. the memphis
branch, from the president % ths pareal
society at London.
INTEESATToSAL CHAvEEE Of CoNWERCrl
AND y Iss. VALLEY SCCIIrG Ropys.
LONDON, August =, l731. }
DEkR sIE-I have the pleasure 70 forward
herewith a paper containing The particulars
Of proJect which has been PREPARED by the
executive comm tie. " IA a view 70 carry toto
practical effect one Of the primary proposals
o. our society. Thn two years experience
Wi sh The committee have had, as well ss nay
own o1seTsat Oh, " whllc enjoying your EOsp!-
lh4I4tS .a-i autumn mas only served 10
strengthen The opinion "" eu'DTtataei a toe
beginning, name. -. that LEr bees. way Di TO
mgUug The direct business and money opera
tlons which We desire, .>tu bring our capital.
ISIS and bushes men into pen pHs' contact
with your people, and en- shl" them 90 see for
tIemsslyes the nature ANA extent oi your re-
slurces, aud the nue opportunity your couu'
tIy offers Tor the employ meuJ ot C-pItl aud
labor, and tDT the prosecution Of trade and
commerce. The committee TeEaTi tEy r
Ia Ora5ie Tor mrklUg an effort iu tli. diTec-
u0n. oar trade is not 50 pros porous a. II has
been-soIne cf our leading l1reigl markets
having become temporarily tNuHuNiglf ouy
unem plOyed capital l. abundant b@ycn1 pre-
cedeut, and the dlrficulty OF investing A. Is
shOEn by the low rate at which j, Is offered.
row two per ceut.-the lowest loInt ever
touchcd-whlle money Is freely offered IN tie
open market at one ana a half to one and
ihrCe-QuEriers per cent. on good CONNER lal
season Df dun Iade aui cheap money, two
ct. cumstanCes which must dispose our people
10 oseeE for new markets aud safe foreign in-
vestme1ts. When 10 these is added The addl-
uOnsl fact that special attention Is now
I. .i-g directed 10 the Jniici states ey
the forthcoming Centennial exhibition al
ENllHIs. HLllH. VgLAHh Will la powerful IN
ducsment Tor many Europeans To visit your
shores next summer, th-uk that the views Of
the committee, as 20 the OppDrtunenC Of the
time fer carry ing our de,izns into practice
VIII be shared by sll the mem Oers OF the So
cieiy. ! need hardly say lhai the scheme
herewith submitted is sui ject 10 mOdlI ca
a statement Of what the parent society con-
sldcT desirable aIu practical. and WEaJ they
are prepared 10 undertake provided the Am
eIlcan members are Wllllhg 10 coo gefal z
earnestly ia the work. The committee do not
propose 10 Z Ike auy active - ps ID tie matter
uu J. replies are received Irpm the branches,
a. IL viii be necessary @ b NEe all aT2&E ge-
Ueuts completed Ia 1he Juitet States before
presenting the tcngme lu this country. IL
viii not De al easy matter, under the most
favorable circumstances. 10 induce large
number OF our capitalists and bJalneaS men
20 undertake so long "A journey, HOtH ltnSt md
log that IL may be largely 10 IN III interest u
do and the committee deem II n cesNaEy 10
be able u plTce before tlcm dtnDlte pro-
gramme, with aS many advantages ana AT
"a ness OF shis uud rJskIng viii depend
not only upon the efficiency with Whlch
the deputatiOn make ana record their
D>eTystIOns. but slsO upon the confidence re-
posed in them by our peOp'e The committee
have carefully considered the subject from
this point OF view, and have come TO the con
cIus on that each deputa'iOu should number
one hundred OF tBereabOuis, and should be SO
constituted Hs 10 fairy and luilutnuallE rep
rcssDt th= variOu, separate Interests which we
Sc k TO promote. The committee Will be glad
to receive any suggestions that you may be
please d TO make IN this connection, Tor while
their knowledge OF the diStTusJ OF American
investments, which Tnhappily prevails at the
prese MT time, enables them TO devise a plan
which Will probably prove most Chectual IN
restoring confidence, nevertheless their want
Of exact information respecting your local af-
fairs makes II nee sNsry bat they should de-
pend very largely upon the cooperation oi
the American branches IN arranging the de-
tails, 50 as ID bring the movement TO sue
cessfu issue. In conclusion, am to urge up'
on you the necessity OF giving this matter at
ientiOn nj the earliest convenient moment,
l have already observed that no action can be
taken on this side until a gen sEal understand.
ing IL come TO with the American branches
This VIII hardly be effected without further
correspondence and as II is most desirable
that we should be prepared 20 take acton here
by the first Of d december, you viii readily I'M
derstaDd That there is no time TO lose. 1 re.
main, dear sir. yours truly,
JOHN CKOSSLEN, President.
To Bronson Bayliss, Esq, President cmphis
Branch Memphis, Ienn.I u. =. \.