The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1866-07-26

COLUMBIA, July ~. ISt6.

Relief.
COLUMBIA. July -. lStj6
MEsSES. EDITohs: We are grievc1
on every hand about our financial
matters, creditors and debtors. This
l..c "ar has lerangcd Al! Of The tinan-
clal movements Before the war we
lau from SiO.OOU. 900 to Sl4 1000. 900
banking capital III the. State. in t!.
different banks. and men who wanted
Il loan could obtain it: hut NOW, it is
y dark day with the banks. and how
l. the debtor to pay the creditor:
The personal slave property in the
negro Is no mOre--S2OO. U00. .OOD to
$500. O.00O, OUn of property gone all
but the landed property, real estate,
still III hand. We have 80. 600 square
miles of land Ill our State, Mt an ave
rage of S3 per acre. which would
make $J5.OOn. 0OD This is Il good
basis for n capital to be erected for
financial purposes. As we are :. cot
ton people. there can be easily raised
so, ZOO, 900. less or more. Of cotton
per year. Now. if the Governor
would cali the Legislature together.
and create Il bank of so, ,00u. 900. less
or more, then he who is debtor and
has lands, say in this proportions his
land worth 1000 and his debt is
-, 800 let him borrow OF the State
-, 300, give his property rs security
/ for the payment OF the debt, and let
the interest be paid TO the State in
cotton or gold. Ii the amount of
capital, Sl0,OOO.UO was put ont, this
would ihaE" III the first year Il gold
basis ot Il State bank Of 800, 600, the
necessary expenses Of cnuluction to
be deducted. AS each man pays his
Indebtedness, let the bills of the State
be cancelled, rs they do in the Bank
of England. In two or three years
the State would have large capital
TO Il" business upon, and we would
go on swimminyly iii business, and
the cred and debtor u.::lr happy.
Something must be done. Think nf
it, and let Us hear from yn,l.
The BUREAU IL NOkrH CAEoLiNA.-
Malor-('ener:.l Robinson, at the head
Of the Bnrcau in North Carolina. re-
plies I" ! letter from Gnvcrnnr
Worth. in which he SAYS:
In reply, l lave the pleasure to
inform your ENccilency that have
tins day issued an order "a copy Of
which is enclosed) directing the Of
iiccrs and agents Of tho Freedmen :
Bureau, to refer all cases to which
freedmen are parties, to the proper
County and State Courts. with the
single exception OF claims for wages
due under contracts approved or Wit
messed by officers of the Bureau.
| have made this exception for the
reason that the condition of the
freedmen is believed to be such that
they cannot be subjected to the delay
sometimes incident to proceedings in
civil courts
/ t'oKEIcN MESSAGES. The .N,n1,ou>
MheHjynco,' says:
I'VE understand from Mr.. Go
bright, agent at Washington of the
Associated Press, that in case Of the
success of the Atlantic telegraph en-
t"rprlsc, the expense of two messages
day from London. Of twenty words
each, Will be $4,000 week to the
newspapers receiving Associated Press
dispatches. Thus, the expenses of
enterprising presses augment, while
the embarrassed condition Of financial
and commercial affairs, arising from
continued political agitation against
the South, is depressing to newspaper
business
Some OF the Paris papers state that
eX- Confederate Commander Many.
of the United States, is about to ht,
attached to the French navy as Chief
Of tie Meteorological Department