Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1858-03-06

Tho Reaction.

Again we have the pleasure of congratu-
lating our people on the favorable and steady
character of the foreign advices- favorable
at least to the South. Our staple and it's
manufacture promise we'll The plethora
OF money cannot find and will not be con-
tent with relief in moneyed transactions at
from l J to per cent. per annun, and will
seek Its outlet in the channels of enterprise
commerce and speculation Varied in
dustry and Investment can alone dittuse as
they can readily absorb, the safe employ
ment of cash capital. Gold and cotton are
fast restoring the commercial equilibrium
and the mercantile relations of the world
and it is vain to presume that because con
iidence is not entirely restored, and there
fore credit not so abundant and facile, the
productions of industry, in every form, will
not be sustained in price. There is money
enough III the form of specie and its equiv
alents, such as good bank paper and bills
OF exchange, to conduct on II cash basis
(apart from any other forms or quantity of
crcdiD the interchange of products, raw or
manufactured, at full and healthy rates.
1--WE have before us a coming illustration o.
the efficiency of the cash systcm Nor is it
inconsistent with speculation, whilst condu-
Give to frmness What safer Investment
can the cash millions of Europe, now drug
III the money market find than cotton and
its manufactures, and holding them until a
temporarily balkcd consumption comes up
to the exigcncy of the need for clothing? ?
It's true that American manufactures have
Tor the last six months (during the rcvul-
slons) taken but a small and greatly dimin-
. nf q
( six they will aud must take lar;saly. or be
totally destroyed yet if they do not, Flu
rope will increase their work and supply the
deficit; and yet there is manufacturing
capacity. under reviying confidence, to make
make up everywhere for lost time. Money
has become too abundant for the wheels of
/ industry anywhere hereafter to stop. All
the material elements of substantial pros
pcrity are untouched, although the card
houses of fictitious credit have been blown
away; and every day is now illustrating
this truth. Credit doctors arc behind the
| times, and credit is not tho universal pana-
cca. The gold of the mines, cotton and
! WOOL iron and breadstuffs, silks and leather,
] sugar, tea and coffte, and over all cash,
! taKcn IUe PlUve.
If consumption falls off in the East, the
same cause which produced it will also di-
minish the supply of tho raw material The
South never held so commanding position
commercially, politically and agricultu-
rally--as now Charleston EOcning Nc,cs.
Shocking Calamity at ST. Louis.
A fire broke out in the Pacific hotel, at
St Louis, on Saturday morning, causing
| the greatest CONSERVATION among the board
crs. Many persons were killed, and many
others seriously injured, by leaping from
the windows. This house is located near
the depot of the Pacific railroad, in the
suburbs of the city, and was completely
destroyed About one hundred persons
were in the house when the fire broke out,
forty or fifty of whom are missing.
The following are the names of the per
| sons known to be killed, so far: Mcssrs
/ Bruce, Mcknight, Bmkhcart, Wurst, Paul,
Stcrrett, Mrs. Jenny Jones and child, all
of st. Louis; Mr.. johnson, of Chicago !;
Henry Rochester and j. H. Hart Strong,
of Rochester, N. Y; Mr. William Saun-
ders, Mr. Taylor, Geo. Crane, and Miss
Jones, residence unknownj Charles Davis,
Wm. Cunningham, of the Tcrre IIautc and
Alton railroad; Mr. and Mrs Hubbard !;
also, nine persons in oneroom, whose names
are unknown, and negro boy.
The following are seriously injured: j
L. Goary, reporter of the st. Louis Leader;
Elhcw Hayes, of New York; Jonathan
Jones, Dir. Towns, VIM Turner, and Mr..
/ Sharpe, watchman of the house
The fire caught in the drug under
the hotel, and spread SO rapidly that the
stairways were enveloped in flames before
the inmates could be ronsed All egress
was thus cut off, except through the win
dows. Many lcaped from the third story,
and were horribly mangled or instantly kill
ed, and many more were unable even to
4 reach the windows, and were burned to
death in their own rooms Several more
bodies are supposed to be in the ruins, and
hundreds OF excited men are cncrgetioally
engaged in removing the rubbish and search
ing for them.
j The wounded were promptly taken care
OF by their friends or sent to the hospital,
where their injuries were Immediately at
s. tended to. Several of the wounded cannot
! possibly recover The loss of property is
upwards of S50,000. va
} Mr.. SPIRES, a Snowman, will pay hand
somely for the following living curiosties +:
A man who has become opulent by imbi-
bing bad liquor at the corner groceries, aud
singing songs late q night, A, man who
puts up a stove without indnlging in pro
family. A stump orator who can make a
speech without alluding to the ship of
state and to our Revolutionary fernfathers.
. ~