The Providence news. (Providence [R.I.]) 1891-1906, 1893-05-17

10 the Eduor o. inc NeUs
Your artic e in the issue OF the News
of the 18th lust. on the schooner A.. Il.
Stowell, owned at and hailiIg from this
port, should not fail TO Undue, our tapi-
talists to invest more Of their money In
shipping. as the profits made by that
vessel must be very gratifying to her
owners.
There was, however. one thug about
it that l did not like, and that was that
her cargoes were entirely from other
ports than Providence, and while we
should own more of these vessels. yet
some of them at least should be en-
ployed in taking freight from our own
city to foreign countries.
More vessels owned by our capitalists
and merchants and hailing from our city
would no doubt be the means of increas-
ing Il trade, not only with the South
with other countries. We are in need Of
a weekly steamship line to Char lesion.
Savannah and Jacksonville, carrying
outward cargoes of machinery, tools.
cotton and wooden goods, boots and
shoes, chemicals. mill supplies, hard
ware, ETC., and bringing back fruit. veg
etables in their season, cotton, iron ore,
ETC.; for, IL mistake Lot, Savannah is
one of the largest cotton markets in the
country, and 1t is beyond any question
that Providence is the center OF the
largest cotton manufacturing commun-
ity ON the Western continent. having for
customers for raw cotton not only the
entire state of Rhode Island, together
with Fall River, Taunton aud New Bed
ford, but also being In a position to sup
ply the mills of Lowell and Lawrence.
We are also in need OF a line to New Or
leans and Galveston, our outward car
goes being the same as to Charleston and
Savannah. while the homeward freight
would consist Of cotton New Orleans and
Galveston being large cotton msrkets),
wool (Which Galveston exports largely
and which finds a ready market In our
state). besides molasses, tropical fruits.
nuts, etc.
In addition to these a line should be
established to Rio Janeiro. Brazil, to
which port we could export coarse cotton
goods Qor which cur manufacturers now
stand in need of a market, as the South
portion Of its OWN. machinery tools
and agricultural implements, carriages.
md almost all other kinds of manufac-
tured articles; besides which a large trade
in cheap jewelry could easily be worked
up, which would be a boon to our jewelry
an overstocked market
Concerning the expectation of car
riages l would say that there are two
manufacturers In New Bedford which
have in the past exported as far away as
the Sandwich islands.
coffee. of which we are large
and / see 10 reason why our merchants
cannot import direct and save the New
York importers profits. Our manu-
facturers OF leather betting consume
many hides per anuum, and as South
of these aud sends many Of them to the
United States, why would not a steamer
for this port get her share of this freight 7
Some may say that our people are alb
sorbed in manufacturing aud have no
time to devote to commerce. In reply I
would say, that while l thoroughly be-
lieve in increasing our manufacturing
business. yet why should we not also
reap a portion OF the profits which 20 To
the New YORK and Boston commission
houses, which find it a profitable bust
ness to act as middlemen betN cen our
factories aud the customer While
the producer may not always
work to an advantage aud profit
ably, this makes little difference to
the commission houses, which get their
commission just the 81 ne, aud the larger
portion or them are very wealthy. IL
there anv reason why some OF our own
merchants cannot receive the product of
some Of our wooden mills and dispose of
it to ms good AN advantage as the New
York merchant, and IL there are fortunes
in the bust ness for those In other cities.
why are there are not for our own peoplea
What has made New York the large and
wealthy city that IL lisp Certainly not its
W manufacturing. but its ability 10
control and get a profit out Of about
everything that IL both bays of aud SO 1,
to US.
Let US not follow the example Of PAila