The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-04-19
CHI A RI ES,T0N :.
FRIDAY MORNING, APRIL 10, 1867.
CAPITAL FOR THE SOUTH.

| FRIDAY MORNING, APRIL 19, 1857.
CAPITAL FOR THE SOUTH.
A friend handed us q copy Of the New York
Eyening Express, April s, and called our atten-
ton to an editorial headed sis Military Mon
| archy Constitutional? In it occurs the fol-
flowing paragraph: ~
oThe Five Monarchy Bill, South, is a curse to
the South, not alone because it is despotsm put
because it destroys the outh,-makes unlnhapl-
table the South stops all emigration into the South
and all investment Of capital there. Any Northern
business man, now, would as soon send q dollar
| for investment into Hayti, or Jamaica, or Costa
Rica, as into the South. The threatenea aIa'a- m 1
nation of races there is destructive or all ilte
liberty, safety and property. Hence, death ltselI
is even preferable to submission to such state OF
| things,-and therefore it should be resisted IN
every constitutional legal way, as long as lue IL
| left for such resistance"
I Save us from our friends :: The Express,
sdemocratic'' organ, and counsels opposition
| in 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 q want of confidence among capitalists
are as here set forth Obviously the most SEN
sible thing for our friends to advise us, or Tor
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 q
decision may not be given within the next two
years perhaps. We have just seen that Georgia
was permitted to file a bill enjoining the Gene
raj in command of the Third Military District
from carving out the Act within the limits of
the States under his command. And what ls
gained thereby? Gen. PopE is summoned to
appear before the Supreme Court some time in
December next. OF course there will be agita-
ton at home, and opposition to Convention
even, pending the action Of the Supreme Court;
whereas if the people were permitted to 60 OH
quietly to 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. Pepn will have
an opportunity to obey that summons. - -.
Gen. S1cKLEs, in his speech delivered at the
Board of Trade Dinner in this city, on the I'd
Of April, uses the following language, which
we recommend to the careful perusal of our
Northern Democratic friends, as text for fu-
ture editorials in their, papers, if they would
really serve us, and not merely make tools of
us for the benefit of the great Democratic,
party -, - -. ..s ,.s -
Gen. s1cKLEs said: Gentlemen, you have my
authority for the statement to capitalists, ira
ders, to manufacturers, to oil who. desire TO
embark in your agricultural field Of labor, and
Eto all who wish to invest moneys in your Sc Sc
curities, and in your lands, that the military
authorities will dotnothing 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 n,sterial prosperi-
ty of the commonwealth, shall be done. s;7i.
!, Now here is an honest pledge, intelligentiy-
conceived md sincerely made, which we have,
no. doubt, will be faithfully kept; and will ex-
ercise 20 little influence in restoring the conf
denco, which the New York Ezpress says is
lacking among Northern capitalists. .
So again in his recent order (No. 10y the
capitalists is still protected. Section VI says:
:ssAll advances Of moneys, subsistence, imple-
ments and fertilizers, loaned, used, employed,
or required for the use Of aiding the agricultu-
ral pursuits of the neople, shall be protected.
-ina .hs en sting laaus 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, 1866, may be en-
forced by execution against the property Of
the defendant. !" All these provisions have the
same end in view, to encourage the capitalist
from abroad to invest his money here, ensuring
him the same rights and privileges, as far as
pertains to the security of his property, as are
enjoyed anywhere under the agis Of the civil
law.
We hope oil our real friends at the North will
give publicity to these facts, and thus show
that they are ready to help us to the extent Of
their ability