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Direct trade.

Hon. T. Butler King, who has visited Europe to secure the establishment of lines of steamers from European ports to the ports of Georgia, has made a report of the results of his mission to the Legislature of Georgia. His efforts were first directed to Belgium, in the hope of forming a contract with the ‘"Belgian American Company."’ In this he failed. The Belgians are more a manufacturing than a commercial people, and the above company seemed averse to enter into any engagements as regards the management of steamships. Mr. King then directed his attention to France, in addressing a memorial to the French Minister of Commerce. --He succeeded in inducing the French Government to change the law granting a subsidy for a Northern line to New York, and substituting Savannah for New York, and extending a Southern line from Bordeaux to the West Indies, to the same port. This was accomplished after great labor by Mr. King. Mr. King's next step was to form a contract with Mr. Frederick Sabel, of Liverpool, for a line of steamers from that port to Savannah, on the payment of a subsidy of one hundred thousand dollars as soon after peace as possible, which he was authorized to do by the laws of Georgia.

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