The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1866-03-08
Restoration.

President johnson understands as
well what heis talking about as any
man could. His speeches are clear
exponents of very deliberately formed
opinions. He knows what beneficial
effects will follow the restoration of
State authority, freed from the OBJ
structions and irritating influences of
Freedmen's Bureaus, etc.-indeed,
the pacifcation of the country in
this, the only possible way More
than once he has, with brevity and
point, brought to the the attention of
the nation the influence of such
restoration upon the currency, the
commerce, the manufacturers, and
the agriculture and industry of the
country. In brief reply to COM
mittee which waited upon him the
other day, he said:
'eThe full and complete reconcile
alton of the country ought to be q
precursor to all
be the first object. Such reconcile
alton would produce the development
OF the manufacturing, the CONNER
cial, the agricultural, and the other
industrial interests of the country.
He spoke of the state of the cur
rency, and the different views enter
tanned of contraction and expansion,
and said: When we look at these
things, the first object is the restora-
ton of the Government. You there
by enlarge the area for the currency
to circulate in, which would have the
effect of preventing contraction, while
it would give all the practical benefits
to be derived from contraction. It
would give it a sounder basis to rest
upon. By bringing the products of
the South-some $500, 900, 900 worth
of tobacco, cotton, &c-into our
commerce, it would avert any posi-
bility of financial crash. It would
make the currency perfectly SOUND,
and it would develop all the industrial
resources and promote the industrial
interests of tho country. The restora-
tlon OF the Government is the greatest
stimulant that can beapplied, not only
to the manufacturing, but the agricu1-
tural, commercial and other industrial
interests of the nation. He spoke of
the internal revenue, and said that a
restoration of the Government in all
its branches would have the effect to
remove all the burdensome internal
tax OF the country. Anything he
could do to promote all the interests
of the country, he assured them he
would do"
The committee whose address elicit
ed these remarks were the represen-
tatives of a set of manufacturers. AS
soon as Mr.. Johnson concluded, the
prominent man of the delegation,
one Mr.. Ward, said that they we're of
opinion that the vast irporta+inns
from abroad could only be checked by
a high tariff. [Shoddy wants leetle
more protection
The President considered the re-
storation of the Government would
increase the demand for articles, and
do away with the necessity for dimi-
nishing the circulation. But he stuck
to it that we must have q united
Government, and said nothing about
tariff to encourage poor Shoddy. The
dialogue closed thus:
"Mr. E. B. Ward-(Black Republi-
can. MIR. President,-we are all
laboring under the belief that we have
Government.
''Mr. Johnson.-Then let us have
whole Government Then we have
got a wider area for everything to be
carried on in
With this flea in his ear, Shod dy
withdrew.
The SovEREIGNs OF EUROPE.
There are at the present moment
forty-three reigning sovereigns in
Europe. OF that number, ten be-
L., L. n X