The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1869-11-10

81 Com AND Oev1os,s The movements
-ceBeaI tlzsieS paet sannth ara sig..
mSss$sSss syIa. slz bsins ing
the recognised ataudaEdIot.E .Eslue. is pref!
E1med to lfelhGin afationary! !. In tapy'
event the Operatives of the gold market
Shaye bsSa ,Spch. as !t1 awaken public It
tention and suggest state of affairs 70
I which 1.-The country hRs long beeni o
afrA r e,ats,, y, u, The gradual and steady de-
Siihe,l lamohpting to, nearly twelve per
cent. tor the period specified. and under
the operation OF causes that bid fair to
bepern,anens, indicetes, in our Judgment,
that the country is emerging from her
finahoisf difficulties; and elowly, though
certainly. approaching the era of specie.
payments. Without some wretchedl
blundering on tho part of Congress, and
especially IL Tint body should repeal the
I! Legal Tender Act, or the Supreme Court
declare it unconstitutional result that
is confidently anticipated by many-we
shall not be surprised to see the much
rldlculed greenbacks at par before the
commencement of another business sea-
son. Such is certainly the tendency of
affairs at the present day, and if Mr..
Boutwell, would only consent to let 90
his large accumulations of gold in the
Government vaults, or a good proportion
OF it. it would hasten the dny nS delive.
rance from the blighting efeoh $fa de-
preciated currency. W.
- And what does the planter soc in a,l
this? There is much complaint of the
I decline Of cotton, and some feel dis
he4tfeAssa by the present condition of
the mnrket; but is the decline. or much
Of it, real Or only apparent? When gold
was !SS, cotton Drought thirty cents;
now that gold is 1853 cotton is quoted
the calculation and it will be found that
cotton has declined less than two cents
per ponnd BY. reference to tho Liver
pool quotations, it will be seen that the
decline there is hardly apprecieble, being
stiii' over twelve pence per pound. 1t
Fil thus be seen that those who sell their
cotton at present prices are not submit
> ting to the heavy losses they suppose.
Arguing from these premises, the
question arises: If the planter is disposed
to gamble on the chances, would it not be
quite as wise to hold greenbacks as cot
ton with the expectation of it's appre-
cietion in value? The former have the
advantage Of being inexpensive-they
require no cost of storage, insurance, or
commissions, while their rise in value is
fEat du,te "a as ,p'tam probable if not me so, than
RETALIATION IN CUBA-A DEspERArE
REsoLyE.- "A letter from Havana (Octo-
ber 30) says:
The Cpban patriots, having bided their
Time during all tho months of continued
rain and well-nigh impossible roads, are
about to strike the first telling, crushing
and overwhelming blow of this war.
President Cespedes has issued a pro-
clamation decreeing the destruction of
every stalk Of sugar cane on the island.
1t is rapidly ripening now. The orders
for burning it as fast as it will ignite, of
trampling upon it, of running the crop.
have been made. The machinery of the
sugar-mills must either be disabled be-
yond easy repair or entirely destroyed.
The tens of thousands of liberated slaves
are already at the initiatory work. With
the n'dcheta and torch, you can imagine
thousands Of half-nude dusky forms
gliding among the cane-fields. and with
their burning pine-knots fitting around
the sugar-ynills aud slave huts of the
plantations. They will make merry of
the work of ruin, and do it most
thoroughly.
j Foil three-fourths of the sugar crop
and two.thirds or one-half of the tobacco
crop will be destroyed. The Cuban
Government promises reimbursement to
loyal CnbaDs at the end of the war.
Ihls terrible weapon of warfare will
stagger the grasping, illiberal Spaniard.
BY it the revenue OF Cuba will be so be.
Titled as not to pay the expenses of the
horde of salaried collectors sent here to
grow rich off the island, and finding no
returns and another year of fruitless war,
with its burdeping and constantly in
oreasipg expenses, for what must Spain
fight? Let the torch-fame and these
sugar fields Of Cuba become the funeral
-pyre of Spanishrule in America. Spain
well deserves it,
A LITTLE GIRL BURNED TO DEATH
Yesterday morning, on the plantation of
Mr.. Robert Butler, about four miles from
Hamburg. s. O., most heart-rending