The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1866-05-30

P1OooCbioA W tNou properly, Auu liOe
overburdened with unconstitutional
and unjust ttaxes-they would give an
example of recuperation that the
world has never Witnessed. s.Es =
The future of the Southern States
is just now involved in mystery, and
If We could gel, millennium, DIR.
Cummins to predict how the problem
of their destiny is to be solved, we
would be~under everlasting obliga-
tions. But seriously, the instanta-
neous change in our labor system
presents difficulties that the wisest
and most experienced cannot get rid
of. We might plant corn and other
cereals amply sufficient to sustain our
population, and to export; but we
cannot believe, nor never will believe,
that the great cotton growing belt on
the zones will be diverted from its
natural production. The effort has
been made in India, Egypt, and
elsewhere, to produce with any profit
our great staple, and the effort has
failed. The kingdom of the monarch
cotton 1--WE hold he is still a king is
in the Southern States of North
America.
AS we have before remarked in this
paper, the South, in the future, must
not only look to the production of
this great staple, but should apply
herself to its manufacture. In soil
and climate, she may be said to have
the monopoly Of producing this uni
versaly-used staple, and her re-
sources for manufacturing her own
peculiar product are unsurpassed.
She has an unlimited supply of water
power, or even in the absence of this,
her mines of coal, as yet undeveloped,
gller vast forests of timber, and other
means and facilities of manufactur-
ing aregnot surpassed by any country
in the world, i
{ The abolition of slavery changes
the whole direction of investment of
capital, and, on the whole, we believe
it to be one OF the greatest benefits
that has been conferred on the ,cAue
people of the South-to the freed
man himself, We believe it to be
material injury Capital now is seek
ing other channels@of remuneration.
Heretofore the planter invested his
surplus pro6tsin in more land and more
negroes-now the whole thing is
changed; he has got more lands than
he can cultivate, and there are no
more negroes to buy.
Another feature of the radical
change effected in the labor and pro-
ductive energies of the South we
find sc vel presented in the Louis
vile Courier, we reproduce it:
Instead of being an importer, the
South can, and we have no doubt
will, become an exporter of every
species Of cotton fabric. Her facili
ties for 80 doing being superior, and
exempt as she will be from the cost
Of transporting the raw material. she
will be able to manufacture cheaper.
and ere many years she will control
and monopolize the markets of the
world. When that day comes, the
revenues of the cotton lords of New
England, who commenced the cru
SADIE upon Southern rights, will de-
cline, their manufacturing system will
wither and perish, and they will have
ample cause to repent OF the fanati
cism and injustice which prompted
them to disregard the rights Of sister
States and trample their most valued
institutions under foot. New Eng
land will then be as famous for her
political insigniicance and poverty as
she is now for the vileness of her
principles and the bigotry and into
ierance of her people. Then her
sons will struggle in vain for q sub
sistence upon those barren rocks and
the unthankful soil upon which they
were born and reared; and, to escape
starvation, they will be compelled to
temigrate to more favored climes.
They will then feel, and, ohl how
deeply, that righteous retribution has
overtaken them for their gigantic and