Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1878-03-22
For the Herald

$50
Mr. EDITOR: As a sojourner ii your
historic city for a few dAys, | have
been using my eyes and ears rather In.
dUstriOusly in order o learn as much
about you as I could. Aud yet not A.
a spy to see II there be giants IN the
land" but as a friend aud as a MissIs.
sippisn, milling to see your city pros.
per, aud anxious TO see u State
claiming 10 have within its borders q
great mart OF commerce where the
wants of her people, and those Of sd.
joining State', could be abund4utIy
supplied.
Safe pride 10 an honorable feeling,
and when cherished by men Of hon jra-
Bile feelings and principles, can only
result In good TO the State. | claim 10
cherish that feeling, aud am prompted
by the same to make this communities.
ton to your paper.
Alphabetically, the State has always
ranked high, and It is not without its
reputation in statesmen aud warriors
but commercially, 1t has heretofore
held Q very subordinate position, and,
in this age OF commercial supremacy,
can 1t be affirmed that q State 10 complete
IN its equipments for the race Ofpre-em.
inence unless It can present q we'll
founded claim in this direclion2
trow not. Look abroad ct the States
of this great Union, and only where
you Hnd State inNgniAcsnce will you
find commercial insignidcance.
Now, In looking around your city,
see many Of the appliances Of the bust
ness and commercial supremacy of {
great mart Of commerce. | find, frs
Of ell, In keeping up with the spirit Of
the age, a thoroughly organized CottOr
Exchange, showing conClusively tina
you must have q cotton market, fol
without buyers and sellers 10 q consid'
cradle extent you could not afford L
keep up 10 expensive an institution
costing, al | understand, not less thar
$4,000 per annum. | fnd, also, q Com
press capable of managing 10000 bale
Of cotton In q season, thoroughly
equipped, complete In ell Of its ar
engagements, and doing work 90 salts
faclorily as any of the fine presses Ia
the city Of New Orleans. | learn
moreover, that you have large buyer
here for the Eastern msrkets, and fol
Liverpool, whose only complaint Il
that they cannot find the cotton II
quantity to supply their Orders-qudli'
ty being an unquestioued point.
| ind, also, In your city, intelligent
merchants engaged in the cotton fac
forage business, who inform, me that the
sales OF the season will reach sbOuI
seventy.fVe thousand bAles, and who
tell me moreover that they can
not supply the demand for the extra sta
PIE coltons grown h%ereabouts because
Il does not come here In sufficient
quantities from growers and growers,
learn, say they do not follow their in
cllnation to bring It here, because they
cannot get the accommodations here
which they get elsewhere; and the
merchants aud factors cay they cannot
give the accommodations because o.
your limited banking capital aud facili'
ties.
This last fact-the want of banking
capital and faCilihes-brings me TO thC
main point for It Is manifest that with
out these the business cannot be done
| learn that you have two banks which
are managed with great care aud pru'
denee-oficered by men of large oxpe'
rieHce-snd which stand high tor IN
tegrity and responsibility at all Of the
: great money centres Of the country,
Cannot these banks with their unques
I toned credit command means enough
to meet tho wants of your city in thu
way Of advances to planters2 Can they
not do the business as safely as ii Il
o done In New Orleans, and other point
where advances are made through fac
tors to planters2 Would 1t not in fac
be safer, as they are so much neareI
the field Of operations? II the!
have the credit to command
the means necessary TO the end
d aud II they can conclude tha
they will be safe In thus uslnI