The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1866-06-02
COLUMBIA. {,
-sasardays Morning, June 2, 1858. 1855

Saturday slkorning, Jane 2, 1855.
s.sxshsrs II. Life I'm the Old Land YETI
We are, in the main, opposed to
tIae various emigration schemes which
s the discontinue Of the Southern peo-
pie, and@thesmaserial damage infict-
: ed on their property and interests,
have begotten. More especially are
: weopposed TO those schemes where
iheS INDUCE the landed proprietor OF
fhe South to sell out and transfer
sswhatsyer remnant of his fortune may
be left to him, to distant land ana
Cline. The evidences are daily in
creasing that there is slife in the.eld
! land yeP'-t land we are bound to
by SO naany hallowed memories and
, associations, where so many of. our
loved and honored dead lie buried.
But besides the ties of sentiment
and Affection, there are other power
full motives why we should not de-
-sert our old homes, our beloved sec
ZION, at this time. In Georgia, in
our own and other Southern States.
what capital can be spared is rapidly
nnding its way into investments in
manufactures, foundries, machine
shops and other enterprises, while
the planter is doing the best he can,
under the circumstances, to raise
cotton and provisions, and who will,
1t isthought, produce enough to sup
ply our wants. Besides enterprises
heretofore noticed in our paper, both
In this State, Georgia, Alabama and
some more Southern States, our re-
cent Virginia exchanges bring us the
gratifying Intelligence that in the
valley" of that fertile State the spirit
OF enterprise is developed in an al
most Incredible degree. In Stanton,
two large iron manufactures have
been established. and mills are going
up in every direction in Augusta
County. A large woolen factory and
several foundries are also mentioned
among the new enterprises in that
section.
All these signs are highly encourag-
ing, and lead us to hope we'll for the
future of the Southern States and
their early restoration to their former
prosperity. We have ON abiding
faith that the sceptre has not depart
ed from the monarch Cotton" that
the extraordinary perils of war and
an unprecedented revolution in the
labor system which produced the
KING staple, has only tempora
rily interfered with that financial
and commercial sway which he has
so long exercised. His throne will
again be fully restored to the South
ern States, whose people have enjoyed
for years the benefcence of his rule.
But dropping the figure, the past
experience of the world, the mighty
efforts of British manufacturers and
operators In the staple, have demon
strated that the Southern States of
America must continue to possess
the monopoly of it's profitable pro-
dnction. And although we have had
most terrible breaking up of its
most appropriate producing power.
yet we have seen already the signs
that foreign capital is not overlook
ing this new field which the present
condition OF the planting States
opens up to remunerative invest
ments. Capitalists from the North
are investing; along the Mississippi
and Red Rivers they are joining
forces with the planters whose means
have been so terribly reduced; we
see advertisements of emigration and
land societies all over the North: and
we know it to be q settled law of all
descriptions of industrial pursuits.
that whenever capital finds profita-
bic scope for energetic application
labor Will invariably follow.
In several previous articles in this
journal, we have demonstrated that
fr,1n r~k1