The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-09-10
DIRECT TRADE REVIVED.
TIE PRoJEcT NOT A NEw ONE IN
THIS SECTION.

AGitateC Direol 4r21e N 10 % IN
vannan's Branch Represented in
London By Hon. Judah P. Benjamin
London Capitalists Wined and Dineo
ct New Orleans-Savsnnsh's Direc
Trade With Liverpool and Bremen
Destroyed by the War and the Tsrin
Prevented Its Revival.
The project on foot 70 establish direct
trade with the principal foreign ports Is no
new thing in the south, having been agta-
ted in the south in 1875, but TO no purpose
Durius that year branches Of the Interna-
tional Chambers of Commerce aud Mlssis-
sippi Valley Society of London, for the
promotion of direct trade, were organized
ali over the south. and there are now living
quite a number Of the members OF the Sa-
vannAh branch Of that society.
ITS OBJECTS THE SANE AS NOW.
The object Of the society was 20 give the
southern states direct trade with England
and European countries; in other words, 10
bring producers and manufacturers into
more intimate and direct business acqualnt-
ance with each other, and as the south had
great exporting production it would be
argued that the paying Of commissions TO
northern middlemen could be avoided by
direct trade The southern products OF
cotton, rice, tobacco, gram, lumber and
naval stores were to be exported direct from
southern ports, and they were to receive in
return manufactured goods from abroad,
thus bringing the manufacturers and pro-
ducers face to face that, it might result IN
mutual benefits and mutual interests. BY
this means IL was argued that the south
would not only save the large commission
she was paying to northern middle men, but
that the commercial relationship thus
formed would unite foreign capital, expand
ing business projects and developing re-
sources ia the south necessary to her future
prosperity.
BRANCH IN SAVANNAH.
The Savannah branch of the parent COM
pany in London was organized in this city
April 80 1875. The meeting was held In
the directors room Of the Savannah Bank
ing and Trust Company, and was addressed
by K. r. Griflng, general manager OF the
branches. The Savannah branch wa organ
lied by the election Of Col John Screven
president, J. w. Lathrop and DR.. j. j.
Warning vice presidents, aud Maj. II. Bryan
and r. NJ. Orme secretaries. A committee
consisting of H. Bryan, K. NJ Orme and j.
j. Waring was appointed to prepare infor-
nation to be forwarded to the parent COM
pany in London, describing the physical
and social features of this section, and TO
Invite correspondence, personal visits and
final investments on the part of the
people Of England and such persons
in France and other countries of Europe as
might become allied with the society.
The matter seems TO have rested for a
couple of months, for the Savannah branch
did not attempt to meet again until June
3D. 1875, at which time there was no quorum,
and an adjournment was had until July z,
1875.
SPEECHES FOR DIRECT TRADE.
On July there was no quorum present,
but there was a general Interchange of
views among those who had assembled at
the Office of the Central Railroad Bank,
and remarks were made by Messrs. A. N.
Sloan, Henry Lathrop and others Mr..
Orme, chairman Of the committee to write
up the resources of the state, was asked for
his views on the question OF direct trade,
and he spoke at length in the interest
of direct trade between Savannah and
foreign countries. He said that the late war
between the states had given to the south an
Individuality she never had before, and that
direct trade and direct relations in every
branch of business were rapidly becoming
the earnest wish of the capitalists and
manufacturers Of Europe. He said that they
cannot comprehend why people with such
vast resources did not trade direct, aud why
they willingly allow middlemen to do what
they themselves should do The meeting
then adjourned for want Of quorum
MIR. oRME PRESENTS HIS REPORT.
The branch met the following day at the
Central Bank, Vice President }. W. La
throp in the chair. There was a quorum
present, and Mr.. Orme presented lengthy
report on the resources of the state of Geor-
gia, which was received as information and
ordered printed, and Messrs. w. NJ. David
son, William Hone and DR.. j. J. Waring
were appointed a committee to memorial
lie the governor of the state through
Chatham county's representation, calling
his attention to an article In the Augusta
Coastitutiondtist in regard to Foreign
Capital and to request the governors to
recommend in his annual message such
legislation as was in his Judgment neces-
sary 20 remove any local difficulties which
might prevent the investment of foreign
capital in this state.
President Waring appointed Charles
Hreen, member of the branch, and Hon.
Judah 2. Benjamin, a resident of London,
committee to call at the rooms of the
parent society in London and obtain practi-
sal Information of what had been done by
the parent society, and what it intended &c
do in the future in regard to securing in
vestments in the Mississippi valley.
THE SAVANNAH MEMBERSHIP.
The members OF the branch society il
this city were: Charles Green, j. w. La
khrop, John Screven. d. G. Purse, Henry
Lathrop, w. e. Alexander, w. baltimore
]. +. Watkins, John M. Cooper, ALFRED
Haywood, A. NJ. Sloan, b P. Hamilton
J. II. M. Clinch, H NJ. Wadley, DIR. j. G.
Thomas, George Cornwell, H Brigham
Henry Bryan, s. B. Palmer, William Hone
G. l.. Gilbert, w. NJ. Davidson, Cormacl
Hopkins, R NJ Orme, DR.. J. J. Warning ant
a. b Luce
The directors of the Savannah branch
were appointed in London and given q
certificate, which was shown to q MORNING
News reporter yesterday. The certificate
is on piece Of bound paper about 11x1t
inches, and with the red seal of the "Missis-
nppi Valley Society" attached There is a
circular engraving, significant Of the object
IF the society, at the head Of the certificate
The engraving represents an Indian maiden
who stands on the right, holding a
globe In her hand, which rests on bass OF
which is the word Progress" one-third o.
The globe being hidden by map, to which
The bare armed maiden points to the "Mis
issippi Valley By her side stands tn,
goddess of manufactures, a white maiden
while back of the two are seen locomotives
chipping, manufactured products of Eng
land, bales OF cotton, rice, sheaves and ,
barrel of turpentine and rosin, signifi
eant emblems of the southern industry
The certificate is as follows:
THE FIRST BOARD OF DIRECTORS.
Inte'7ldti nal Chamber Of Commerce and M