The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1866-01-25

The TRADE OF THE COUNTRY
From the annual circular of New
York mercantile agency, we gather
some interesting data in regard to the
business affairs of the country. A
comparative statement of the number
of failures and the amount Of liabili-
ties in the last nine years in the
Northern States is given as follows:
1857. 257, $265, $500 1865
3,113, $73, Cos, TAT; 1852, $50, $751; :
314, 600; 1902, ,733, SCI, 739, ,474 :;
1S61-5,935, SITS, ,632,17O ; 1862
1,652, $43, O49, 300; 1S63-495, ST.
S99, 900; 1864-51O, IS, 579, 700; 1865
$50, $17, 625, 900; average from 1857
to 1865, $34, 437, 200.
It will be seen by these figures that
while the number of failures during
the last year has been about the same
rs those of the two preceding years,
the liabilities are quite double. In
explanation of this, we have to OBJ
serve that nearly one-half of tho fail
ures in the last year were confined
to the leading cities, the liabilities
thereof being over three-fourths of
the entire amount throughout the
Union. This, of course, is always
the result in cities where concen-
tration Of trade results in heavier
obligations. Another fact, too, goes
to swell the amount in the cities this
year, and that is, that by far too
many of the heaviest failures were
the results of reckless speculation or
downright fraud, rather than the or
binary reverses of business. Con
sldcrlng tho enormous volume of the
internal and foreign commerce of the
Countrywide number of it's traders
the exceptional condition of is
flnances-the burden which it bears,
and the struggle from which it has
emergcd-those failures are wondrous-
~ few, and indicate degree of So
lidity and capacity in the mercantile
community most gratifying for the
present, and promising for the future
A Word WITH THE PEOpL.a
signal vote by which the House of
Representatives have passed the bill
for negro suffrage in the District of
Columbia, rs opposed to the decided
ly expressed will of the people of the
District, and to the well-known views
of the President of the United States
as to popular government, is evil
dcnce that the time has come for the
constituents of these Representatives.,
III some unmistakablc form, to make
known their will on the great question
of restoration. All the politicians,
| with but few exceptions,) when APP
pealing to the people, claim to be the
friends of the President and his
policy. But the policy of the Presi-
dent IS obstructcd and delayed by The
hlndrances put in it's way by majo-
rity in Congress in tho form of an
inquisitorial committee, and direct
issue was made with marked feature
in his policy in the House when it
disregardcd the unanimously OK
pressed wish of the people of this
District, when it ignored the right of
this people to self government in its
passage of the negro suffrage bill.
1t is plain that the President can
not forward his policy unless the
majority shall rccede in Congress,
and we know of no solution Of tho
difficulty into which Congress has
involved the great question before it,
unless the people everywhere, through
their voice spoken in primary assem-
blages, shall instruct their servants rs
to their will in the premises.
National ME,lliycuce1.