The History of Louisville, from the Earliest Settlement till the Year 1852Casseday, Ben
History
The History of Louisville, from the Earliest Settlement till the Year 1852
Casseday, Ben
Louisville (Ky.) -- Description and travel; Louisville (Ky.) -- History
it is certain that from these points cotton will be carried to Louisville
at one dollar per bale less than to New Orleans; it is equally certain
that insurance can be had via Louisville to New York at _one-half_ the
rates charged via New Orleans, and that freight, after the 1st of January
next, from this city onward, will be the same as from New Orleans; beside
which the time of transit will be thirty days less, thus saving no
inconsiderate sum in interest. Again, the trade of North Alabama,
Tennessee and North Mississippi with this city is ascertained to reach two
and a half millions of dollars. To pay this debt seventy thousand bales of
cotton, valued at seven cents per pound, would be required. Here is
presented another reason why this cotton should seek Louisville as its
natural market. One of our most sagacious and enterprising merchants has
recently returned from the East, where, with laudable energy, he had been
presenting the claims of this market to Eastern buyers. And the result of
this mission is, that reliable arrangements have been made for buying
whatever cotton may come to this market at New Orleans quotations. It is
perfectly safe then to predict from January of next year a spirited and
regular demand for all the cotton which may be sent here. The 140,000
bales produced in Tennessee, or finding its way to market from Tennessee
river, will find ready sale in Louisville and at the regular New Orleans
prices. Can it be doubted, in view of all these facts, that Louisville is
entirely certain to attain prominence as a market for cotton. This has
long been the natural market for the article, and only waited the
completion of lines of connection with the East, which, now they are about
to go into operation, must of necessity make it the _first cotton market
of the Western country_.
Public-domain text, read in full here on John Shaqi.
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