Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-08-07
EMPUES Appeal
SATJuDAT. AUsUs. 7,Is7s
MEMPHIS COTTON AE8 LIyERPOOL
rWAEg1N AFInN.


Commercial men sTCgate 10 them.
selves 8 sort Of supremacy 10 common
sense. They ASSURE the world ths; they
are men Of tacts and figures, are never
Jed of by imagination, above being
made victims OF groundIess fancies, and
too much men Of the world 20 allow
themselves % be hoodwinked by mere
notions. Every man is best acquainted
with what he deals IN. The "facts and
figures men DO not deal in magma.
zion OF fancy, therefore they DO not
know much about those things-they
leave ,hem 10 foolish poets and senti-
mental novelists. Not knowing much
about them, they, IN their Ignorance,
are just the people to be misIed by
them, and be 'toted about" blindly by
ile very things they 80 thoroughly de-
-glse. We nave curious proof Of
this, 10 fact pointed out to
the Liverpool cotton merchants by
the Memphis cotton exchange, IN
an address We publish in another place.
Itis there explained that il a bale o.
cotton be sent to Liverpool from Mem
phis, by way Of New FORK, the Liver
pool merchant will pay one price fOr it,
aud Il sent by wsy u New Orleans he
viii pay another. This iGeZpEessIble
folly the Liverpool merchants
have. been penetrating for many
years, and all through fancy
q notiou-a mere piece Of imagi-
nation that Is unsupported by figures,
aud most jsterminateiy contradicted by
facts. How the, notion. arose It Ia use
less explaining now, but it exists, and
the deception IS causing Liverpool to
Uiuuder rs earnestly to-day d 1t has Tor
years past. We hope the clesr, sensible
sta eIuent made by the estiuab pTesi-
dent Of the Memphis cotton ez-
change, and those who &c. with him,
will succeed in showing the Liverpool
merchants the fact, and delivering
them from the fancy, so that common
sense may induce them to put Memphis
cotton just at the Task its quality entities
it to hold, whether It reaches them 10y
New York, OF by New Orleans, or by bal
loon. The New York Bulletin makes
the following just observations upon the
subject: ELSEWHERE we print & circular
addressed by the Memphis cotton ex-
change to the president Of the Liver
pool cotton brokers' association, which
deserves the attention OF those for whom
il is intended. - There can be no ques-
ton that the position taken by the
Memphis exchange is well grounded.
The Liverpool prejudice in favor Of New
Orleans cotton as,agGinst that OF Mem
phis and other cotton ceutsrs is based
upon old-tims ussges, when New Or
leans was almost the only receiving
point for certain favorite cott0s. But
the Introduction Of railroads, in lieu Of
river transportation, mas changed the
conditions that gave New Orleans
cotton that distinctive preference; and
now large quantities o. inferior
cotton that formerly went 10 other
points goes TO New Orleans,
while much OF the superior staple that
once was sent to New Orleans goes to !
Memphis or other cogters of receipt and
shipment. Cotton that used to fud its
way to New Orleans almost exclusively /
is now sent 90 Galveston, Vicksburg, |
Memphis and st. Louis. At |
any OF these places it would bring, to a |
Liverpool buyer, one-iourth OF a cent |
less than the same cotton would il sold /
at New Orleans; and, TO accommodate /
the English prejudice, it frequently pays |
TO send cotton from these points to New
Orleans TO get this fancifuI premium.
The home consumers OF cotton have
Ong since ignored this distinction, and
are always ready to give fully IS much
or Memphis:cottOn - for that OF New
orleans; Snd it is singular that the sa-
yacity Of the Liverpool trade should re-
main so far behind the times"