Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-10-11

all he seeks or desires. Lakes bank
probably will be able to sustain itself,
through the liberal aid of friends. We
still have confidence in K. z. Lake, whose
name now appears alone as owner OF the
bank. TRUTH.
HELENA, ARK.
Regular Correspondence of the Appeal
HELENA, October 9.-The influx of cot
ton-buyers for Eastern manufacturers to
this and other markets on the Mis-
sissippi river suggests the probability of a
revolution in the final destination of the
product OF the valley. Time out OF mind
to the present generation the cotton crop
of the Mississippi Valley has passed from
the producer to the commission merchants
of New Orleans, thence to foreign ports
and foreign manufactures, whence, until
late years, we derived most of our staple
cotton goods. With the rapid growth of
mills this side the Atlantic is marked a
large decrease in our exports of the raw
material and an appreciable decrease in
our imports in the manufactured article.
Manufacturing centers in the East, which
ten years ago received the bulk OF their
raw cotton by ocean transit from the hands
of commission men in the ports of the cot
ton States, are nov seeking supplies
from first hands. Railroads, which
are penetrating the most remote re-
cesses of the cotton-producing sec
items, have contributed the great MAIN
spring to this result. In this, as in nearly
everything else, railroads are rapidly revo-
lutionizing the commerce of the world.
The long staple and heavy fiber OF the Mis-
sissippi Valley cotton is attracting the at
tention OF manufacturers everywhere, es-
pecially those of the New England States.
Tf,a fDnt ,natal OF Tho rrrtEaf Of This arffn1a
is proof positive of the truth of this asser-
ton. Lowell, Fall River, Providence, and
New York State, are all represented here
this season, and one firm has already
filled al order for twenty-five bales,
shipped direct to Liverpool, without Civ
ing the New Orleans commission men so
much as a nibble at it. Other similar or
ders are on file, and will be filed as the
staple comes in. Helena has now three
strongly backed firms, buying from first
hands for direct shipment to the manufac-
turers mentioned. Fancy and extra grades
are eagerly sought after, bringing stiff
prices paid in hard cash. The result is the
merchants will find it difficult to ship to
the New Orleans potentates their obi
gated number of bales, or doing so will be
driven to pay disastrously high prices.
The immediate consequences of this
state of affairs will of course be
uncomfortably felt by the communities
in which they exist. But the register on
the d~ial-plate of this country's future is
directed by it to the word Redemption"
Since the cessation of hostilities in 1865
the commission men of New Orleans have
held the merchants of the land in an iron
grasp, and the merchant in his turn has
borne down upon the producer with a
swoop of fee-simple possession. From the
remotest hamlet in the Southern country
to the metropolis on the coast the steel.
riveted bands of financial bondage have
clasped on the people with a palsyine
grip. Mortgages, requisite to the obtain
ing OF necessary. supplies, covered the
ground and stock before a seed was
planted. From seed time to harvest close
scrutiny has been kept by the commission
man on the merchant, n the merchant
on the planter. Thus the degradation OF
slavery was perpetuated in the most gall
ing form. The last three years have dis.
covered to the South faint glimpses of the
dawn OF a new era, and Just now the day
is feebly breaking, o o to unfold itself in
the full blast of a cloudless and sunlit sky.
But | digress. 1t being clearly demon.
strated hat it is profitable for Eastern
mills to bug here and ship by rail to their
remote seats of operation, does it not al
once appear feasible to bring the mills
to us? Nowhere upon this continent can
be found better facilities for the successful
operation OF cotton manufactures than
along the Mississippi. Inviting sites are
innumerable, the climate is genial and the
raw material in inexhaustible supply is in
the soil. Timid capital stands aloof for
want of confidence. 1t accepts a certain
four per cent. East in preference to a pos.
sible and probable fifteen, twenty and
in many instances now in proof-thirty
per cent. annual dividends upon invest
ments South. Is there no way of inspir.
ing this confidence? Have we not solid
men enough to unite and bring manufac,
turing investments among us? One OIL
the great needs of the South is national
banks-institutions wherein large sum
can find safe deposit and unquestioning
usage. All these things are coming, but
too slowly to meet the exigencies OF the
times. Especially is this true of the Mis-
sissippi Valley, than which there is nc
more sure investment for capital under The
sun. 1t is a lamentable fact that in the
matter OF progress, growth and prosperity
the Valley of the Mississippi il
fully a decade behind other sections
of the now advancing South. AS rapid
advancement and development are gener.
ally spasmodic and periodical, we mus
hasten to avail ourselves of the spirit Of
the age" or "bide III time," which may
never come.
United States Court for the Eastern Dis
trict of Arkansas met hero yesterday
Judge H. c. Caldwell presiding. The
docket contains nothing startling. Infor
nation was filed yesterday by District-At
torney G. G. Waters, against Andrew Nc
Donald, mate of the steamer Hard Cash
for assaulting q deck hand on our shore.
some time last spring. There are also sew
eral whisky cases, one of which calls fol
James Evans, of Monroe county, convict
ed last term, but sentence suspended. III,
is o in Jail, without bail, for the muir
der, some time since, of the prosecuting
witness against him, a negro, Granville
Warden. 1t will be remembered hat the
supposed accomplices of Evans in thii
deviltry were carried to Little Rock fol
trial in the United States court, resulting
in lengthy disputes between State anC
United States courts for proper jurisdic
ton. As the offense of these parties in
wolves capital punishment, il found guilty
an anecdote suggests itself to me which
may be worth telling. In the early his
tory of Helena the cloak of justice of tn,
peace was compassed about the person o
an eminently respectable, but %uninformeC
elderly citizen, who had an exaggerate,
estimate of the scope and dignity of hi
official powers. Upon one occasion he haC
arraigned before him a VIGOROUSLY rougl
character, charged with an assault with
knife with intent TO kill. After
careful hearing Of the evidence tn
honorable magistrate arose, and il
the most impressive pronounced
sentence of death upon the prisoner, VIII
sprang to his feet and demurred with Wig
orous emphasis, averring that the COX
bald-headed scoundrel could hang no
body" every good sir" said his honor
''but you are a very hard citizen, and
may as well hang you now and save tn,
county further expense"
A DEPOT,
Ito cost $4,000, is the most important add
ton in sight for Helena, to be erected b,
the Iron Mountain and Southern railroad
Construction ofthe side track is now il
progress and soon a heavy force will b
nut to work on the building. This, to
rether with the reduction of tariff to tire
cents per mile, is hailed as evidence O
good intentions toward Us by this road.
THE TORNADO,
which swept through a narrow strip o
country, including Colts Station, min
|, miles northwest of Forrest City, Thursda,
night, did great damage TO houses and crops
while it left no tree standing in its course
The largest oak and hickory trees wen