The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1868-01-04
COLUMBIA:
saturday Morning, January a. 1853.
Ns,,st tAe Southern states Need.


6ghten her miseries and restore her
ADVagor and prosperity" to "tske or
ssand their money and, buy Southern
2znds." This advice is wise and time
Ag- What the South needs is re-
uEEa1 of her business and industry.
&he needs capital to procure tools
mad implements for farning-to pay
&sar her labor in advance of its har-
1Vasfs, to rebuild the dwellings, and
zzazfore The industry swsp5t out OF GA
1tsence by. the war; and it is only
a1oIn the North, or from abroad, that
asAe can hope to get it. But it does
nd -oomel Neither foreigners nor
1Eozthern capitalists will send their
unosey into the Southern States for
Tazestment, either in lands, or in any
athIRg else. And the reason is per-
Rarfectly obvious; they have not suf-
feieut ut-confdenoe in the political, in
<lRstEial and social future of the South,
10 warrant them in committing their
-1sRl'atal to its control. Men will not
Rz5 their money into any State or
ssUuntry, until they can form some
EdGsble judgment of the usage to
which it will be subjected. They
want to know the general character
md drift of the laws which will con-
1Dol 1.-THE rate and kind of taxation
ID which it will be subjected the
security with which it will be sur
DDundsd, and the facilities which will
9'ssa15I dsai Tor employing, changing or
wiashdrawing it at pleasure. All these
@lags depend on the character of
@he Government which may be estab-
1shed. And until capitalists can
AaHzn some more accurate and reliable
t11anion as to the kind of Govern
zzents which are hereafter to exist in
ahs Southern States, and the degree
dcf stable wisdom and justice which
may be expected from them, they
WM not put their property under
t1aair control. Just now the Southern
'Bsates seem likely to pass substan-
aIally under the control of their ne
ssgro population. Even in States where
the negroes have not an absolute
szRajority of the voters, they have
senough to decide the policy of the
sState Governments, unless the white
wotcrs unite against them. The latter
course would be very likely to in
THaI7e conflict of races, which would
4hrow society and all its interests into
chaos; and if it is not resorted to, the
;.snbstantial negro supremacy which
raRSuld follow, is an experiment which
rsnains to be tried. The loud and
a.cnfdent predictions of politicians
;.aad the press, do not settle the ques-
dDe,n- Capitalists who have money
he invest, prefer to await the result
svd such an experiment, which, be it
EpsEnembered, is as yet wholly intried.
3he Times asserts that there are
2atates and communities where very
large per cent. of the governing peo-
pie IS made up of the ignorant and
aHenperienced; but they have never
yet made any trial of such an export
ment as is involved in suddenly Civ
zRg three-ffths, one-half, or even
'ane-third, of the political power of
'Hny State to class of men just re-
Seased from slavery, not only aliens
IN race, but utterly without expert
'snce in civil affairs, unaccustomed
even TO care for themselves in the
Enaallest matters of daily life, and
Heertain, for long time to come, to
be mere tools in the hands of selfish.
unscrupulous and irresponsible poll
4acians on one side or the other.
This Is an experiment yet to be tried.
4t may give to liberty stronger qua
Tantees, to property greater security,
TO 3abor surer reward, to enter
prise greater stimulus, and to the
best interests of the State and ite