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

working strength, and the Chinaman, whose
queue will soon be familiar In every district,
will, by competition, keep the freedman to
his work and wean- him from the idea that
negroes can 1.-Two on politics alone. Capital
we are aooumulating 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 more land, will in the end be forced to
devote their capital to improving their plan
tations, buying stooks, building railroads
and factories, and to encouraging other en-.
terprises of ,an Industrial character. This
will give l!st 70 tho State, and every man
will receive his share Of the general pros
perity. In ldition 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 ore
other sources Of wealth which require only
I development. We have two vast beds of
kaolin clay, ono on the South Carolina Rail-
road, the other on the banks Of tho Santee
River. This clay ia very pure aud capable
of being manufactured into the finest crock
cry, while we import tho latter from The
North and Europe. In several sections tho
buhr stono abounds, Of tho best quality;
but thus far it hos been allowed to remain
unmolested, whilo we get our grindstones
from New England. Our phosphate inter-
ests ore rapidly becoming Of great import
anoe, and will be great sources Of wealth to
| the State; but, thus far, their true import
the North than by the majority Of eur own
capitalists at home. Our people are fast ap
preciating the good effeols resulting from
manufacturing our cotton at home, and we
now have twice as many factories at work as
werein existence three years ago! All Of them
arc supplied with the latest style Of maohin-
cry, and can excel the best managed mills of
New England, as our people have their cotton
on the spot, and have no additional charges
Of freight and stealage to pay. All that is
requisite is earnest enterprise, to mako our
cotton goods drive from our market the
fabrics of New England. The water power
Of the State is abundant, and three bold
aud deep rivers traverse her entire length.
She has 100000 acres Of land covered
with as fino lumber as this continent pro
duoes True, we are now under the rule of
thieves and negroes. An adventurer, un-
known for any good, but known too we'll for
evil, now occupies the chair once graoed by
John Lsurens, VIM. Henry Drayton and
John Rutlcdge. A convicted thief and
forger, and suspected inoendiary and muir
derer, now stands where Langdon Cheves
and William Lowndes onoo stood. Wo par
tioularly roalize 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 er honorable posi-
ton. But this forced degradation oanuo,
and viii not last. Raacality, like all other
dogs, has its day, and tho next general
election will burl from power tho roguea.
and put in their places honest and respon
sible men. Then, indeed, will there be- d
glorious fuiuro for South Carolina. "a: