The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1869-10-23
s. G.
Saturday Morning, October Is, 1863.
The High Rato OF Interest.

bad security" As this is OF universal
application. it is perhaps easy to End in
this suggestion the cause in part OF the
present high rates Of interest. Under
the present rate which aftliots the ooun-
try, and the South especially. there is
the ever-present sense OF insecurity.
Men say that ."'thipgs are not settled"
Capital is .kmid and Suspicious. "Bad
security" prevails, and, therefore, inte-
reat il high. Wood Interest" does in
deed imply "bad security"
Suggestions ~ to tho Faturo OF Gotten in
the sodsh.
A Mr.. Edward Hamilton, in the CO.
lumns of tho New York. World, is ad-
dressing the Manchester and Liverpool
Cotton Supply Company. on the subject
Of developing cotton by white European
labor! Me- Hamilton takes the ground
thht'it isduite practicable to increase the
supply of cotton by English labor. fos-
te9eR add controlled by English capital.
He urges the proposition that white Ia
ber, can BE, employed with success upon
our cotton lands. Mr.. Hamilton says:
"But what says the voice of history
upon this subjeot2 If We contemplate
now stand or lie, with the dust of long
ages upon them, in Southern Europe, in
Africa, Farther India, and even in Cen
tral America; If we remember, for q mo-
ment, that these are rs bright and stand
ing record of human toll as of genius
we must admit that there have been
herculean labors performed in tropical
and semi-tropical countries by other
hands than those Of the African or even
the Chinaman. It would certainly be
the very height of absurdity TO suppose
that the negro he'd been present in all
ages and in all warm countries to hew
the wood and to draw the water requisite
to the demands Of rearing those stupen-
dous works that have Knocked the waste
of thirty centuries. We would be explicit
upon this part of our argument, that we
may do something towards disabusing
The public mind of an error that has long
been turning the tide of emigration from
Europe towards our North and North
west, thus diverting it from some of the
fairest portions of the earth, and thereby
doing violence to the interests of all con-
cerned. There are spots on Southern
soil that could be made, in very few
years, almost another Eden, if good
class Of emigrants could be induced to
undertake the work, and these spots are
, even now as, conducive to health and
longevity as the best portions of Europe.
"But to turn~again to the practical as
poets Of this subject: We have already
remarked, that from the first of Novcm-
ber until the last Of July. even in the
extreme Southern States, more days can
be DEVOTED to labor than in almost any
other country. In these months, the
burden of plantation work could be per-
formed, with but one or two exceptions.
January and February con be devoted to
breaking up and subsoiling the land;
March and April to planting; May, June
and July, to cnltivating and taking care
of the matured crops; while August will
find the cotton crop laid aside and pre-
pared for .he somewhat tedious and try
ing work of picking And right here is
the sole difficulty in the whole matter to
be met, for this most trying of planta-
ton work has to he wrought in the most
sickly portions OF the year. Yet we be-
lieve that with proper care, and by devot-
ing but about six to eight hours labor to
this work, the crop can be housed with
perfect safety to the laborer We have
noticed no increase of sickness, but ra-
ther more health, among those of the
white population who have taken to work
since the emancipation of the slaves.
Exertion seems to brace the constitution
against the tendency of the climate rather
than assist in enfeebling it,
"And now, gentlemen, should you be
induced to enter upon the work Of trans
planting some of the better class Of your
labor population to the Southern States
OF America, we can assure you, from
moro than twenty years experience in
that country, that you would plant them
among brave, generous, and chivalric
people. And should they become the
proprietors eventually of the soil which
they cultivate-which is what we con-
template in our plan OF emigration-and
mingle with the people Of the country,
no doubt but that the result would be a
race of men, at length, as important to
the future Of America and the world, rs
the race which now Yields the destinies
of Middle and Southern Europe-that
race being the offspring of cross be-