The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-27
THE ENGLISH COMMITTEE.
They are Welcomed by a Deputa.
ti0n of Citizens.

ton of Citizens.
At 1890 yesterday afternoon, in Parlor
P, st. Charles Hotel, DR.. Worrall, Managing
Agent Of the Mississippi Valley Trading Com
pany, introduced to the deputation appointed
| to receive them, the English Committee:
Gen. Beauregard welcomed the committee
in few neat and appropriate remarks, and
deputized Col Barwen to more fully explain
the deputation's views and appreciation OF
the visit of the English committee.
Judge Burwen then stepped forward and
said:
Gentlemen of The Cooperative Association of
Great Britdin-It is now more than a century
and half sine there was formed an associa-
ton "to develop the resources of the province
of Louisiana and the country bordering on
the Mississippi" It held the exclusive priv
ilege of trading to the Mississippi. 1t was
subse quently SO enlarged as to include mon
opoly of the trade with the French East In
dies, China and the South seas The stock
in this company rose to fabulous prices, fiuc-
tuated, fell, and ruined thousands in its fail
ure. The protector, John Law. fed into
exile.
This mania of speculation crossed the Eng
]ish Channel, for your cOuntrymen were also
interested in developing the resources Of 'the
country bordering on the Mississippi" and
a common loss 0efell all who dealt in the
delusive and dishonest scheme. -. -
To-day, gentlemen, you appear as the re-
representatives. of the Mississippi Trading and
Cooperative Association, having the same
object Of developing the resources of Louisi-
ana and the country bordering on the Missis-
sippi. .,.. ....----r l.e.,...a,
men, between the Mississippi scheme OF John
Law, in 1920, and the Mississippi scheme
| which you represent in 1875. I. fl -
The first was based on the expectation of
metallic wealth in province where the pre-
cious metals of gold and silver have not been
found in quantity, but where the valuable
metal of lead and the mineral Of coal, salt
and sulphur have been discovered and
worked to advantage A lucrative comm cree
was anticipated with the South seas and with
Asia, but no men'ion was made of the interest
of agriculture, which SO far surpasses the pro-
ductive value OF the mines. The scheme,
based upon promissory values, was failure.
The colony OF Louisiana became subseq
ly charge upon the Grown Of France and
was given without money consideration to
the Crown of Spain. This last power DELHI
Grated upon accepting the empire as gift,
and was at last determined to accept the gra-
tuity by the consideration that the Missis-
sippi would make we'll marked boundary be-
tween the dominlons of Spain and Britain,
then contendlng for the mastery OF this cont.
nent. '1 'T Hyaof 1901 20 5sa.atg
Will you, gentlemen, allow me to present
to you comparison between the Mississippi
country of that day and of this t.? You may
90 4 he af + no
country bordering on the Mississippi" as
they were offered in premiums to the Missis-
sippi schemes of John Law, and as they are
offered to the combination of capital and in
dustry represented by the Cooperative Asso-
citation OF England. 'tH
By the treaty of cession of 1903, the United
States acquired the Territory Of Louisiana,
which contained more than 500, 900 square
miles, with an extended sea coast and sea.
ports, with system of river transportation
extending over more than 10000 miles of
cesd rs, 900, over one.half of which was of
color. The wealth and production were in
sufficient for the maintenance of the govern
ment over the colony After the expiration Of
the sixth decade fpom this census, the same
territory prese nted the following result: From
this province have been organized nine
States of the Union, and four or five Terri
tories, or embryo States The aggregate
population of these States may be estimated
at 10, 600, 000 their taxable wealth and their
productions of agriculture and manufacture
at 50, 900, 600, 900. rs.q ass.
The value of taxable property in this re-
gion, even after the stagnation of industries,
and the destruction occasionsl in one portion
by terrible civil war, may safely be placed
at the sum stated, Wills the exportable value
of cotton. corn, tobacco, sugar, rice, cereal
grains and other provisions, Can not be less
than $3.50. O00, 600 annually.
Yon will learn elsewhere the value of the
expor able products of the upper valley. 1t
is our especial duty to welcome you to the
natural mart of all these commodities, and to
the heart and home of the cotton plant You
will find the principal products of this great
region open to export commerce, aud may
deal in corn or cotton without any export tax
whatever.
We confne ourselves to consider the staple
of cotton as an interest in which you are es-
pecially concerned The receipts of cotton
at this port have varied from one to two mil
lions of bales. We have shipped to England,
even since the war, something less than $780,
COO bales, and since last September have sent
nearly SOC, 900 bales to your market and mills.
These have been worth something less than
$50, 100000. 1t has supplied you with TO-
UUU Da6S per week. DGsiu6S tulb b ldIS0 phEt
of this cotton was shipped on your vessels,
and the freights on this cotton and tobacco
shipped to your ports can not have been less
than sc, 900, 900. stf-
You will find in the receipts and expendi
lures of this cotton money large demand
for the commodities which you represent, and
you may, by the economy of direct trade
which you represent, do much to counter ct
the rate of duties imposed upon the intro
duction of foreign goods under our revenue
system. You will ascertain. moreover, that
our laborers in the cotton field depend upon
the use of manufactured fabrics, and that
you may receive from them in direct exchange
a specie staple without equal as medium OF
remittance DF
I'VE regard your relations with this great
cotton centre as of paramount importance to
your people and government Your system
of cotton manufactures ID an anomaly. 1t is
not usual for communities to base their in
dustries upon raw material which is not
within their own entire control, and it is a
proof of the ability and confidence Of EGG