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Direct trade with the South. The Hon. T. Butler King, one of the Commissioners to Europe from the Southern Confederacy, has published a pamphlet detailing the advantages of a direct trade with the South to European powers, and urging the establishment of steamship lines from Savannah and other ports in the South. Some of the salient points in the argument of the honorable gentleman are embraced in the extracts which follow: "We hope to be able to demonstrate," writes Mr. King, in a rapid review of the question, the necessity of establishing, with as little delay as possible, a direct line of transatlantic steamships between France and the Confed
er at least two millions of bales of cotton, large quantities of flour and grain, tobacco, timber, and immense stocks of export products of every species."
Mr. King then gives a minute description of the geographical situation of Savannah, depth of water in the river, means of approach and lading of large vessels, &c. Simila