The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1867-01-24
The Condition OF Vrnde.

Inc New GOrk 1im"S, III noticing
the remarks of Western journal,
that "the entire Northwest is over
rnn by drummers for Eastern houses.
whose only desire seems to be to get
orders and fill them, regardless Of the
ability Of those who order to pay
their bills at maturity" remarks that
twelve months ago !. similar warn
ing came from the South. Eastern
houses that sought opportunity for
expansion, sold freely on credit, and
q very large proportion of the goods
remain unpaid for to this day. Weak
traders sGfGr in consequence, and
other lncoNvcniences are aggraN .;tcl
by the unpromising aspect of South
ern Indebtedness. 1t cautions
against crcditing the West any more
than the South, alleging that reports
from the West prove the necessity of
extreme caution, and quotes the Chi
cago 7a'ijune as n witncss. That
paper says: "From every quarter,
there is but one response dull. In
the country, business is very slow.
The interior dealers are selling little;
the farmers are not paying up. and
IN numerous parts of the country we
hear of failures Merchants in ar
rcars and unable to pay are making
assignments. and in some instances
fraudulent transfers of property have
been made"
On which the Times remarks:
| ''What more ominous state of
things could we have? The farmers
not settling their store accounts, the
storc-keeper:s selling httl" and paying
| something near to nothing, arc the
incipicnt symptoms of the trickerv
and fraud which, ir the West, rrc-
sage the coming of tight times.
Surely these are circumstances not
favorable to the future of Eastern
merchants who now open Western
credits"
OF the South, it observes: The
general condition OF affairs there pre-
cludes the possibility Of remittances
for goods supplied froni the North,
or the growth Of demand for fur
ther supplies. Westward and South
ward, everything points to the neces-
sity OF more than common prudence
on the part of Eastern merchants and
manufacturers The times are dull
here, undoubtedly. The flush usually
incidr t to the season has not shown
itscl; this year. Manufacturers dis
cover that the demand on which they
calculated has suddenly s;lbsidcd, and
that the enormous profits to which
they have become accustomed will
not be realized during the passing
period The presence in our cities of
q large amount Of unemployed, or
only partially employed labor, must
tell upon general business rs certainly
as it reveals stagnation in certain
branches OF industry. Turn which
way you Will, then, faces exist which
establish the paramount Importance
Of avoiding risky ventures, and re
fusins absolutely 20 extend the credit
system
Th" New York -J,'nmol cf Comn,ercG
remarks:
The market is less re assured than
VAS expected. and adviccs from the
interior are less favorable than was
anticipated. The West has not sold
its products as largely as usual, or at
as satisfactory prices, and country
merchants are making very poor re
turns upon the credits granted them,
while many who bought for cash have
a]arga portion Of their stock on hand
'unsold.
After a further survey Of th, field,
that paper concludes thus:
1T was perfectly natural for West
crn farmers and dealers to look for
such prices for their produce as would
offset, IN some measure, tie enormous
advance in all other goods. They
were told that the protective tariff
would give them such an equivalent,
and some of them believed it. Ia tt c
cad, they must be- undeceivcd; an |
VIC shall NOT be surprised if this sea
sen should bring 10 them that bitter
experience"
! ANorHEE RADICAL BoLTER. Mr..
Baker made q speech in the House Of
representatives, on Thursday, in
which, inter aiia, he said:
..IIa G.. - ,liff;,,,liv olen =, H.