The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1871-12-14
.AmerIoan lnteIlIGenoe.
NOON DE9PATOHES.


]. I'd American lnteIllGenoc.
NOON DISPATCHES.
i KxorrEMENT OVER oofToN ,FA1LUREs-ooN
IT, GRRSsIONAL OBSERVATION-DISCLOSURES Diff
CUhTKs-MRxIOAN AFFAIRS, 40. !, 90.
q WASHINGTON, December IL. The
Committee on Banks and Banking to-
day considered the question OF the re-
! Sumption of specie payments, and ap-
pointed q subcommittee on the subject.
No action will be taken by the full com
mittee before the holidays. Senator
W1ss., os Loo;s;soa, introduced to-day q
measure looking to the exemption from
duty of all bugging and iron ties used in
baling cotton. This, he stated, would
be equivalent, TO premium by the Co.
vernment Of 81 per bale, and would, no
doubt. stimulate the production of the
staple. It is, a very important conces-
sion, and the effort to obtain it, friends
of the measure claim, should be warmly
SECONDED by the planting and CONNER
!, ola! Interests OF the cotton growing re-
gien. 10 Dl.a ...'i,, a>,s
Thirty-two new smallpox GASES since
8 Saturday and seven deaths. =
New ORLEANS. December 12.-The
Ptcdyune learns on reliable authority
that Ohas. Morgan. takes large interest
In the New Orleans, Mobile nnd Texas
Railroad. The roads to Sabine River
and to Shreveport from Vermillionville
will be rapidly built.
NEW YORK, December 12.-Much ex-
citement' 'preysiled in the cotton market
this afternoon, in consequence of the
failure OF several houses and the rnmored
Insolvency of many others. The small
receipts Of cotton last week, as compared
with the corresponding time last year,
and fears of O short crop thereby engen-
dered, together with the rise Of cotton
in Liverpool, where. the supply is very
scanty, has caused alarm for several days
pest among the short interests in mar
ket. This resulted in, q sudden and
marked advance in price, which seriously
embarrassed those dealers who were
hampered by contracts, and rendered
some unable. to fulfill them. Three fail
L. nres are officially announced, namely,
William P. Wright & Co., Adulphus O.
Sohaeffer &c Co., and J. Seaycraft. These
!, failures resulted from inability of the
parties to fulfill contracts in consequence
of sudden fluctuations of the market.
Wright & %. place their Indebtedness
$, at $39, ,O00, and are ready to compound
at fifty cents on the dollar. They ex,
paqt to settle their affairs land continue
business in q few days. Schaeffer & 90.
and Seaycraft hnys failed for coneiae-e-
BILE amounts. but declare themselves un-
able. to state the. sum of their obIiga-
tions. They give proofs of their ability
c'settle with their creditors and continue
business. Many ramors have been afloat
affecting the solyency of other firms, but
: nounced. Some of the dealers reported
TO be in difficulty, confessed to serious
embarrassment when questioned on the
subject. but expressed the belief that
they would be able to slide over" t
The Associated Bank meeting sus-
tained. the committee in expelling the
Ocean,Bank.- The meeting was private,
: bat it has transpired that some ugly facts
were produced which discredit the asser-
tions that the Ocean Bank will pay in
tnll. The rumored susper sion of the
Union Square Bnuk is unfounded.
It is stated that the Police Commis-
sloners adhere to the determination to
Z prevent the international parade on
Sunday, and the Governor refuses to in
terlere.g Hf
Madame Burns, abortionist, hos been
sentenced to seven years imprisonment.
NEW YORK, December 13.-A Mata-
moras special says conference between
: Generals PalGcias and Cortina and the
81 Government Treasurer, resulted in q
Gel! upon the merchants for a loan OF
$6O,00O. The merchants refused to sub.
scribe. Cortina is supposed to be in
league with the insurgents. Serious
trouble is apprehended. General Pala.
cias is almost isolated. It is rumored
that Tula hes pronounced for Diaz,
Mhioh stops the only road open hence to
the capital. General Quiroga has left
Monterey for Mier, with number o!
cavalry, and may reach the latter place
in the day. General Trevino will follow,
with portion Of his army, and it is ex
peoted he will try to reach this place.
ST. Louis, December 13.-An emf
grant train camped in Salina County
Nebraska; the men went for wood anG
not returning, the women went in search
OF them-the children being left in til.
wagons. were the only ones of the part,
saved. Seventeen were frozen to death
New York, December 13.-Arrival
from the West Indies state that vessel
passing Turks Island are boarded from
there. asking the vessels to bring in thei
cargoes free OF duty, rs the people ar,
starving.
Eugene DAILY states that the Oommu
mist Cluseret, has been here since tn,
1Yth OF November- having arrived oi.
Halifax, and left last Sunday night TO
Mexico. @s,'s....
y, WAsHMaToN. December 13.-In th
caucus, the Administration triumphed
A special instead OF joint committe
was ordered.
In tho Senate, resolution was intro