The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1866-01-09

IA SPOSAesA NSSpt%cSA W. tAAS : A1ftAC4-
phia Ledger, dated Washington, De-
cember 81, says: e'~-
A majority Of the Committee on
Banking and Currency are understood
to endorse the suggestions and views
of Mr.. McCulloch, against uny addi-
tional imitation of the currency, and
there is reason to believe that none
will be ordered if the act can possibly
be avoided. At the same time, the
most cogent arguments are being
brought to bear to show that there is
positive need of further increase of
currency for use at the South and
these arguments, apprehend, will
be found too strong to be overcome.
1t is fortunate for the country that
there are some excellent financiers on
both the Ways and Means and Bank
ing Committees, and by their sound
judgment the balance of the mem
bers will no doubt .be guided.
So far Us the South is concerned, it
is M orally certain that she must have
pecuniary help, if it is expected that
she will go on and produce her crops
of cotton, tobacco, sugar, rice and
other staple products. A supply of
funds to work with in the production
of these is fully as imperative as q
supply. of reliable labor, and there is
little question but what, when once
the funds are within reach, the labor,
IN some shape, will be close at hand.
The war wiped out every bank and
financial institution in the South
swallowed them up as completely as
an earthqnake--and national banks
must, for while at least, take their
places, If we are to count on further
and regular supplies of the valuable
products of that section. It is but
truth for the Ledger to assert that, as
the North aids in building up the
agricultural prosperity of the South,
SO does she aid in building up her
own. The Southern people are anx-
lous to "speed the plow's and gin
the cotton, but they cannot do this
without help, nor must that help be
long delayed.
The rumor I gave you, last summer,
with reference to a seat on the Su-
preme Bench for Judge Sharkey, has
been revived. In point of capacity
Sharkey has few equals, while in point
OF dignity it would be" difficult for
any Judge to surpassAhim. That the
South will have the Vacant seat. YOU
may set down as certain.
The estimates%of the Lighthouse
Board for the<completion of repairs
to lighthouses damaged during the
late war, Stn for one hundred and fifty
uollars more, making a sum
total hree hundred thousand dol
lars winch the war cost the United
States in the single item of light
houses.
The Washington correspondence of
the Cincinnati Gazette, under date of
December 29th, says advices from the
city of Mexico contain some very in
teresting statements with reference to
the treaty entered into by France,
Austria, Italy, Spain and England, to
guarantee Maximilian's throne. It
is now alleged that this was signed
some sixteen months since, before
the war for the Union was closed, and
when the opinion was universally
held abroad that the rebellion would
be successful. The guaranty of the
integrity of Maximilian Empire,
however, remains, though it has not
been deemed prudent to make It
known up to this time. Recent
events, especially the diplomatic cor
respondence since the close of the
war, has made it, in the opinion of
the upholders of Maximilian's au-
thorlty, desirable that the text of the
treaty should be given to the world.
1t is understood that the next mail
from the city of Mexico will bring the
text of this treaty, which will be pub
lished in the Diario, the official organ
OF Maxlmilian at the Mexican capital.
The advices from that quarter also
state that Macmillan and his friends
entertain no apprehensions respect
ing the permanence of his empire; in
addition to the guaranty of the West
ern powers, there are large material
interests at stake. One company.
French one, is building a road from
Vera Cruz to the City of Mexico.
Maximilian's supporters boast that
t. ese two roads will be completed
before our Pacific road; that it will
secure good deal Of the traffic of
the East Indies and Eastern Asia,
which we hope to monopolize by the
building of the railroad to the Pacific.
There are mining companies, manu.
featuring associations and other large
enterprises on foot, both in England
France, who will have claims on their
respective governments which will