The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1870-05-06
COL,Ul[.lMll.BIA. s. G.
Friday Morning May 8. 1870.

Friday Morning. May 8. 1870.
The South and nIanufaoturea.
The New York Tribune says:
1T will not be possible to keep the
South forever producing raw staples and
exchanging these for metals and manu-
factures. That was the dictate Of slavery /;
it does not comport with the wants aud
aspirationafof faboring class, which,
already free, aspires to be intelligent end
ingenious. Already Richmond, Nash
vile and Atlanta, are giving attention to
manufactures. The new South ntells
better implements and more machinery
than did the old South, and she is be-
ginning to make them. She wants fur
nitnre in her laborer's cabins, where
tables, chairs and bedsteads were un-
known till late; and she is about to make
them. She needs iron aud other metals,
and, having ore and coal in abundance,
she is BEGINNING to dig and smelt with
vigor. Virginia, Missouri, North Caro-
lima. Tennessee, Alabama, West Vir-
ginia, will produce more pig iron in 1870
than their aggregate product prior to
1865 And this Is but beginning"
The Tribune. is right for once. It will
be iAppssible to keep the South forever
simplysa producing section. She will
aoonrgee, that she can manufacture as
welEastproduoa, and reap rs much profit
from the former as the latter industry.
That period is not distant. one when
the Southern producer, with whom even
':greenbqcks" are now scarce, will have
gold and as there will be no negroes to
buy, fis Y surplus q will be invested in ma
nufaotnring. railways, and other enter
priaes developing the resources Of the
Naught bnt some providential
calamity can prevent this. and ere the
third of century shall pass, the South
will be the successful rival of the North
in manufacturing, and in this she will
be aided in an early beginning by capi-
tai even from New England. We notice
that capitalists now in Eastern cities
have finally got tired of holding most of
the currency idle and without interest,
and q marked activity begins to manifest
itself in bonds, railway shares and stocks
generally. It is estimated that New York
alone will have $l5O,OOO,OOO to invest
during the coming three months. and if
priceAof grain and cotton advance, the
public may witness rebound from the
present business depression, and lively
time generally. The Western States are
full OF wealth; but they lack currency
and q market. A few millions of money
put aaoat would revive every department
of industry and trade, and few mil
lions put afoat in the South, indications
of which are apparent, will inaugurate
that"beginning" to which the Tribune
refers in the close of it's article.
tts.+
The reported plot against the life oi
the EMpssos Napoleon will be discredit-
edin some quarters, but there is certain.
~ nothing in the present position OF
affairs to render such conspiracy i'm.
probable The Emperor has many enc.
mics, and iust now they are unusually
active. Attempts to destroy his life.
however, have only tended thus far to
fortify Napoleon in his fatalistic theories.
After every attack of the kind, the objec.
of it has made it apparent to the world
that he occupied q stronger position than
before. In the remoter rural districts,
the people have been encouraged in the
idea that the Emperor somehow bears O
charmed life. The truth of the adage
that Threatened men live long" Las
never been more strikiDgly exemplified
than in the case of Napoleon Ill The
plot now described is evidently to be
classed among those which injured only
the authors OF it.
The following is copy of bill to re-
lieve oil persons engaged in the rebellion
from the disability imposed by the four
teenth amendment of the Constitution,
introduced by Senator Robertson, on the