The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-04-19
CHI ARIES TON.
FRIDAY MORNING, APRIL 1s, 1867. ! !
CAPITAL FOR TnE SOUTH.

CAPITAL FOR THE SOUTH.
A friend handed us 8 copy of the New York
Erening Eapress, April s, and called our attcn-
tion to an editorial hesded els a Military Mon
| archy CONSTITUTIONAL In it occurs the fol-
lowing paragraph:
80 The Five Monarchy Bill, South, is o curse to
the South not alone because It is despotism but
| because it destroys the South makes uninhabi-
table the South, stops all emigration into the South
and all investment Of capital there. Any Northern
for Investment into Hayti, or jamaica. or Costa
Rica, as into the South. The threatened amalga-
nation OF races tthe1e is destructive of all LIE,
liberty, safety and property. Hence, death itself
is even preferable to submission to such state of
things and therefore it should be resisted in
every constitutional, legal way, as long rs life is
left for such resistance" SfEl,ft s%% 5Esa4
Save us from our friends! The Express,
democratic" organ, and counsels opposition
in q constitutional, legal way-to the Military
Reconstruction Act-the Five Monarchy Bill,
| as it facetiously styles that instrument. Grant,
for the sake of argument, that the facts in re-.
gard to want Of confidence among capitalists
| are as here set forth. Obviously the most sen
sible thing for our friends to advise US, OF for
us to do, is TO endeayor to. bring about a
change at the earliest possible period. But
the remedy proposed by the Democrats has no
| such end in view. Suppose the Supreme Court
should entertain a proposition of this kind, o
| decision may not be given within the next two
years perhaps. We have just seen that Georgia
was permitted TO file bill enjoining the Gene
raj in command of the Third Military District
from carrying out the Act within the limits of
the States under his command. And what is
gained thereby? Gen. PopE is summoned to
appear before the Supreme Court some time in
December next. OF course there viii be agita-
tion at home and opposition to Convention
even, pending the action Of the Supreme Court;
| whereas if the people were permitted to go
quietlyto reconstruct their social and political
| system. the whole work would probably be
over before that time, and the States be repre-
sented in Congress before Gen. PorE will have
an opp portunity to obey that summons. .asl..
Gen. SIcKLEs, in his speech delivered at tho
Board of Trade Dinneriin, this city, ION the I'd
Of April; uses the following language, which
we recommend to The. careful perusal Of our
| Northern Democratic friends, as text for frl-
t,,rc! editorials in their papers, if they would
| really serve us, and not merely make tools Of
ussfor the benefit Of the great Democratic
party = .. a. -; 4. :, ! E sS 3
Gen. s1ckIEs said !: Gentlemen, You have my
authority for the statement Ito capitslists, ira
dcrs, to manufacturers, to all who desire to
embark in your agricultural field Of labor, and
to all who wish to :nvest moneys in your Sc
curities, and in your lands, that the military
authorities will do nothing tending to impair
! the value Of your possessions, or to increase
| the risks Of those who have heretofore embark
ed in enterprises on your soil. Whatever we
can do to strengthen confidence in your re-
sources, and to promote the material prosperi-,
! ty of the commonwealth, shall be DONE
Now here is an honest pledge, inteligently
| conceived and sincerely made, which we have,
| no doubt, will be faithfully kept; and will ex-
! ercise no little influence in restoring the conf.
denco, which the New York Express says is
| lacking among Northern capitalists.
So again in his recent order mo. 1O) the
capitalists is still protected. Section vi says
"Al! advances Of moneys, subsistence, inple-3
ments and fertilizers loaned, used, employed,
or required for the use of aiding the agricultu-
raj pursuits Of the people, shall be protected
And the eristing laacs which have provided the
most efficient remedies in such cases for the
lender, will be supported and, enforced" So
also Section ", Judgments or DEGREES entered.
or enrolled, on causes Of action arising subse-
quent.to the 10th Of May, 1865, may be en-
forced by execution against the property Of
the defendant" All these provisions have the
same M g end in view, to encourage the capitalist
from; m; abroad to invest his money here, ensuring
1 \: l.
pertains to the security Of his property, as are
enjoyed nyYhere under the mgis Of the civil
law. ILL.,; t.S fSss.2
We hope alf,our real friends at the North will
give publicity to these facts, and thus show
that they are ready To- help us tosthe extent Of
their ability. -. .s.s7