The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-09-01

working strength, and the Chinanan, whose
queue will soon be familiarin every district,
will, by competition, keep the freedman to
his work and wesn him from the idea that
negroes can live on politics alone. Capital
We are accumulating every day. This cap
ital is timid and does not seek immediate
investment; but the planters, unable TO In
vest money in negroes, and unwilling to
buy m, re land, will in the end be forced to
devote their capital to improving their plan
tations, buying stocks, building railroads
and factories, and to encouraging other en-
terprises of an industrial character. This
will give life to the State, and every man
will receive his share of the general pros
perity. In addition to our home capital,
we expect to obtain capital from the North
Next winter the Northern capitalists will
turn their eyes toward South Carolina; for
we can offer them opportunities Of making
money which cannot be surpassed
Besides the crops of this State, there are
other sources of wealth which require only
development. We have two vast beds Of
kaolin clay, one on the South Carolina Rail-
road, the other on the banks Of the Santee
River. This clay is very pure and capable
of being manufactured into the finest crock
cry, while we import the latter from the
North and Europe. In several sections the
buhr stone abounds, Of the best quality;
but thus for it has been allowed to remain
unmolested, while we get our grindstones
from New England. Our phosphate inter
ests are rapidly becoming of great import
ance, and will be great sources of wealth to
the State; but, thus far, their true import
ance has been more shrewdly perceived at
the North than by the majority of eur own
capitalists ct home. Our people are fast sp'
preciating the good effects resulting from
manufacturing our cotton at home, and we
now have twice as many factories at work as
we're in existence three years ago. All ofthem
sre supplied with the latest style ofmachin--
cry, and can excel the best managed mills Of
New Hnglsnd, ss our people have their cotton
on the spot, and have no additional charges
Of freight and steslsge to pay. All that is
requisite is earnest enterprise, to make our
cotton. goods drive from our market the
fabrics Of New England. The water power
Of the State is abundant, and three bold
and deep rivers traverse her entire length.
She has 10000, 600 acres Of land covered
with as fine lumber as this continent pro-
duces True, we are now under the rule Of
thieves and negroes. An adventurer, un-
known for any good, but known too well for
evil, now occupies the chair once grsoed by
John Laurens, Vim. Henry Drayton and
John Rutledge. A convicted thief and
forger, and suspected incendiary and muir
derer, now stands where Laugdon Cheves
and William Lowndes once stood. We par
ticularly realize the degradation Of our
State, when we compare the characters Of
the men who now rule us with those Of the
noble men who formed this government,
and gave South Carolina ner honorable posi-
ton. But this forced degradation cannot
and will not last. Rascality, like all other
dogs, has its day, and the next general
election will hurl from power the rogues,
and put in their places honest and respon
sible men. Then, indeed, will there be q
glorious future for South Carolina.