Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-12-05
TdPHIS APPEAL
. =; DECFNPv, :. 1s75s

,rnedme, eXnAusted their powers for
\ 4, but none the less is it evident that !
auses are In operation, somewhere.
nat prevent thorough recuperation.
dsny look for those causes in the COM
srstively trivial incidents of local
rafRc; few extend their inquiries be-
-ond the United States. The fact is !
however, that the whole commerce Of
ne world has been suffering since
,ur mercantile catastrophe of ls7a
The East India trade fell of; England
sot into difficulties; Prussia, by a sharpl
action from the deceitful prosperity
.ngendered by her war with France.
D into the most profound commercial
nDarrassments; Austria has since then
cen equally involved in the meshes OF
oliticsl trouble, and our neighbor Can
Is has had no less calamitous nnisfor-t
1nes 10 endure. So intsriocked are the
nuldlArious wheels Of the worlds CON-
lerce, that difficulty and failure in one
numerical community will affect all
e rest, and thosethA are weakest will
Il the shock most. The succession Of
ocks here glanced st found this coun-
weak and staggering from the 1873 I
tSstrophe, consequently this country |
as compelled 10 suffer the reflex blow |
ON corresponding .mhsfortunas occur
elsewhere This Is not a cheerful
ct, but it carries with it this consola-
On: the bankruptcies in 1873 had
hfied our commercial body of large
aount OF unsafe, lettering, rotten
uses OF trade, and the difficulties In
ner countries affected us compara-
vely little, directly, on that Sc
unt. Their principal evil has been to
slay the period Of our recuperation; 10
rotrsct the era Of convalescence, rob-
ting US Of that aggressive force OF en-
rlTise that Is 50 peculiarly the spirit
al American undertaking.. This
~ OF the case again breaches to US
"a hard, but necessary lesson Of pa.
.ce. Lit is true that "misery loves
apsny," we are certainly in excel
L and extensive lsocisty, and cannot
nplAin of being worse of than our
IghbOrs. While enduring with the
3 4 patience we can summon, il Is nat
i we should inquire whether our
esent position is one Of advance to-
I'd complete recovery, or whether we
lying In that torpid, exhausted con-
on that causes 30 many bed-ridden
Jple to be spoken of IS "getting neith-
better nor worse" Here we are sure
our ground, when we say that the
untry IL in no such unsatisfactory
rAight .as that; among many proofs
ps refer TO late commercial returns,
summarized by the New York Times of
"Wednesday LAST, Is follows:
The foreign commerce returns OF the port OF
New York Tor November shows the imports
hers 70 be less than tlb.0OOO0, while the ex-
ports exceed S21,OJ0 0OO; the former also show
ing a decrease OF Sl2OO0000, and the latter an
Increase OF sS+l00pOo over those of the same
Ought 90 be remembered, doing about c. per
cent. OF the DuEincss Of the country in I'm
pOrt,l and about AZ per cent. in exports. Il is
plain from this thai eur people have already
taken some stepe, and now mean to keep
moving In the night direction. very briet
Us 20 the goal Of specie payments and relieve
the country from the vast weight OF her pres
ent Indebtedness. The increase OF our exports
and decrease OF imports show that we are
earning more and spending less, and the ex'
cszE Of the former over the latter ia exactly
equal 20 our net gains Even the public
treasury seems TO have at last started 10 accu,
Lnulste gold oy stopping the regular weekly
sales. We have a very large amount OF sur.
which, by 8 iudiclous policy on our part, We
can ship TO the Other side. Altogether, the
outlook for our foreign trade is In the highest
degree encouraging.
9 We advise some OF the discontented
minds around US, 70 consider the mercan'
tile difficulties Of the day in the broad
light we have thrown upon it. We have
sll vanity enough to believe that the
misfOrtunes we experience had some
-.--s-i>.l aansa- and ara rashH- 50 inin the
melancholy prophet in exclalmlng
GThere Is no sorrow like my sorrow"
But this morbid view Of things must moi
be INDUCED In. The commercial world
has been in adversely, the United States
is too important member Of the pow
ers that govern the world not to have
had its share Of the common calamity
and ifMemphis had escaped receiving IL
portion Of the national distress, 1t would
have shown that Memphis was, in
commercial sense, q very unimPortan
place. Memphis has suffered with tn
rest because it hAs, IN common VIII
other commercial cities, share OF tn
national burden TO bear. What we hav
10 see 10 is that we. face difficult
AS boldly, provide for contingencies
prudently, and bear misfortune as cheeI
fully rs any other city in the Union
Indeed, we have cause for cheerfulnesi
for nowhere is recuperation proceedin
a. rapidly as In the cotton States. F'ror
the vast amount Of cereals, fruits an
vegetables our agricultural populatio
has raised this year, hundreds OF thol
sands OF doIlars-thst have been used
flow away from us in ceaseless stream
remain at home, added TO our stock
wealth. Up to this time this year Men
phis has received ls0, 500 bales Of cOttoi
against IA, 500 the previous year, an
I3l, 400 the year before that. Nor is th
cotton lying dead stock in the shed
for while the receipts are 80 much larg
than ST the same time last year, Il
stock is only AZ, $50 bales, against 81, 81
bales at the same time last year. Wit
all this cotton the more TO sell, and
indefinite amount Of hay, corn, oat
etc, less than formerly TO buy, ii is ev
dent at a glance that the cotton pr
ducer must be improving IN condition
and his prosperity is our prosperit
True, the very cessation to buy feed al
produce, as far as its extends, Is 8 d
urivation TO certain class Of our me
chants; but If the cotton raiser b
more money 70 spend, we clearly ha'
full opportunity to get our share Of Il
business he does. If he ceases to bI
some things we have been used to 8,
him, we must be prepared tosell him SUI
articles a. he now wants, and We mt
show him that il is his interest TO buy
Us rather than Of any other city. '
must be prepared to demonstrate Ii
We can lsy goods down ats country de
er's store. door, for less money than q
one else. We must not put it into
power Of rival cities 10 represent Me-
phis prices Sc higher-when tue gOo
sre delivered at the dealers door-th
they themselves are selling for. In she
we must keep in view that grand ms
i'm of political economy, "Men b
where they can buy cheapest, and
where they can sell dearest"
THE COLORED VOTE
In all former elections the colo
\ -. ham united