The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1866-07-18
Cutting the Nation. Throat.

In the House of Representatives,
on Saturday, during the discussion OH
the Tariff bill, Mr.. Eldridge moved
to insert the following paragraph:
''On all bonds, certificates of stock.
or other evidence of indebtedness of
the United States, brought back or
returned for payment, sale, or col
lection before due, ten per centum ted
polorcm
We must confess our astonishment
at finding Democrat introducing
clause that We should only have
expected to have emanated from
radical. The member from Wiscon-
sin can scarcely have considered the
effect which would ultimately ensue
from measure like that which he
proposes to pass into law
During the next three years, more
than thousand millions of seven
thirties and other unfunded represeu-
tatives of debt will have to be convert
ed into bonds; and it will be advisable,
and within the same period, to con-
vert into stock bearing less rate Of
interest. half that amount of five
twenties, of which six per cent.
interest i'll gold is at present paid.
In addition, it will also be necessary
to make provision for the liquidation
of the legal tenders that are to he
called IN, In accordance with the
requirements of the recent Act of
Congress. To place these large
amounts of money on the market at
the lowest possible rate Of interest, it
will be essential to bring the capital
lists Of Europe into competition with
our own N ,neyed class. otherwise
the latter. having it all their own
way, will only take the securities of
the United States upon their own
terms. IT foreigners can only pur-
chase our bonds on the condition that
they shall he subject to duty of ten
per cent. on being returned to this
country for resale prior to the time of
their arriving at maturity, it will be
absolutely impossible to place single
dollars worth in European hands.
The enactment of law like tnat
proposed would he virtually cutting
the nations throat for the sole benc-
fit of such of our own citizens as are
blessed with plethoric pockets. And
thus the industry Of the land would
have to be taxed to make up the extra
dividend that it would be compulsory
to pay, the amount Of which would
necessarily find its way to the already
well stocked Golfer of the rich
A0sheiNe Unioa u5ad 4A~uericn,..
The FREEDMAN's CONvENrIoN.
The Georgia Equal Rights Association
met III this city on Wednesday last.
Twenty-four counties were represent.
ed. The Convention adjourned on
Thursday night
The principal object of the meet
ing was to examine into the charges
made against J. f. Bryant. editor of
the Loyol Georgian, as to his con
nection with the affairs of the Associ-
alton, and also the accusation Of
swindling freedmen. Gen Tilson
addressed tho Convention. In the
course OF his remarks, the General
animadverted severely upon Bryant,
denouncing him as u beggar. n liar
and q swindler. BRYANT is President
OF the Georgia Equal Rights As>oci-
atom
A large number Of the delegates.
before leaving the city, expressed the
opinion that Bryant is n rascal, and
determined to have nothing more TO
do with him.
A"g~sfu Co~Stituio4aiist. I;th.
4 new mode OF smuggling foreign
tobacco has been discovered by the
custom house authorities at Paris.
Some large blocks of stone, weighing
about a hundred weight. having ar-
rived from Switzerland. it was found
on inspection that they were hollow,
and that they We're stnffed full Of
cigars of the finest brands.
GUANo IS Poison. The Estntsne,
OF Lausanne, Switzerland, notices
the death Of farm laborer, who.
having slightly wounded his hand
with splinter, and shortly after
wards handled guano, that substance
poisoned his blood SO much that he
died three days afterwards.
Large numbers Of hens and other
poultry at Atlanta. Ga, aro diving of
new disease, which has lust made
its appearance. The malady causes
their necks to swell thrice their oriai-
nal size, and they die within twelve
hours.
4 Troy hen, belonging to hotel
keeper, recently hatched IL brood of
seventy-eight chickens. "Sho is
\ i 1