The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1867-02-19
Finnnee md cosnmerce-The Storm.

dltlon North, we copy from the New
York Day Book, of Saturday. The
well-informed commercial editor of
that paper, it will be seen, draws |
rather startling picture:
The clouds are Gathering rapidly !
overhead just now, and it would seem
rs though the great financial tornado
was about to burst upon the country
in al It's terrible fury. We, as yet, |
have escaped Once or twice in the
past six months, the commercial and
financial atmosphere has betokened
the great crash which, sooner or
later, must come; but the evil has
been, for the time, arrested, and n
glimmer of blue sky momentarily APP
pearing, has dispelled the fears of the
benighted fools in Congress, whose
evil doings are fastening this i'm
pending calamity. But at this mo-
ment, they are again awake to the
terrible doom which has so long
threatened them; and the leading
spirits are pausing in their mad ca
reer, and casting their eyes to the
threatening heavens above them.
The mutterings Of the discordant ele-
ments, which, in time, will break out
in the wild roar of the tempest are
now heard, and the miserable crca-
lures are again quaking with fear.
The yell for 'impeachment' has been
weaker the past week than ut any
time in the past sixty days. The
howls for a higher tariff have been
partially checked; the heavy failures
in the past week or two all over the
North, are touching the pockets of
the sordid wretchcs who are destroy
ing the commerce and finance of the
country, and their pockets being the
onl Y vulnerable portion of their mi
SCRABBLE carcasses, they have, for the
moment, stopped to inquire into the
why and wherefore of their losses,
and the cries which come up from
their own ignorant and dupcd sup
porters and followers. It is most
gratifying fact that the destructive
spirits who are now keeping up
Satan's carnival in Congress, repre-
| sent the so-called wealth of the coun-
try. The abused millions, who have
been taxed to the extent of all their
little surplus per year, may truly
thank God that, come what will, they
have no boarded wealth in the shape
of greenbacks, seven thirties, United
States bonds, or other evidence of
debt against the Government; for, in
one short hour after the President of
the United States, Andrew Johnson,
is impeached, and a so-called Presi-
dent is put in his place by these
brainless fanatics, the issues of the
| United States Government will not
sell for one penny on the dollar. The
fools are just finding this out; they
are now being informed by the wealth
Of the country, which they represent,
that continuation of their course
will entail ruin on their party, and it
is well to pause. The temple they
are pulling down will bury their own
friends as we'll as themselves. Last
week, one of the nore moderate of
the destructionists made q speech in
Congress, and even his tone was
vastly changed. He had been inform
ed by the great rank and file of his
party that they We're digging their
own graves, their present course in
Congress was not only entaiEng ruin,
but eternal infamy upon them, and
their mad career must be checked.
But will they pause? Doubtful. For
inasmuch as the gods are to finally
destroy them, this madness will con
tinue. In the meantime, commerce is
dying; industry is paralyzed; wealth
creating is suspended; productions
are growing less; the perplexed and
bewildered tradesman finds himself
crippled and impoverished; and
having been taught the false doctrine
that high tariffs benefit the producer,
prays for more protection by still
higher tariff; the poor sot, ruined by
stimulants, prays for more stimulants
to steady his shattered nerves; and
the more he gets, the more he yet
needs, till vitality gives way under
those remedies for relief.
What a day or week may bring
forth, no man can tell, but commerce
and finance at this moment are in a
critical condition. Panic succeeds
panic in the financial centres East
and West, and telegraphic messages
are constantly telling the dcstruc-
tionists at Washington the dire evils
they are producing.
| New ENGLAND AND THE SOUTH IN
THE FUTURE. THE Providence (R. I.)
Post, in q notice of the January