The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1872-11-26

ming in connection with the Pennsylvania
Cehtfaror Torh SCOTT tdombination.'f I
PhiHipa-'A&s, qaalitirl as, Solicitor
General. .-s;rai 81 ar,:,4 n.:f 81 4,;.ia, ,
The Supreme Court, In Dslano, las against
the Merchants Mutual INSURANCE Com
pnny, from the Supreme Court Of Louis
ilano, the question was upon the autlo-
.ritY OF the Constitution of Louisiana to
render contract void, because 1t was
based upon Confederate money as it's
consideration. The court below found
that Delano had the prior claim to a
certain fund, but that as the considera
ton which established his claim was
Confederate money, it failed, and the
insurance company, whose claim was
subsequently, 'but based on y valid con-
slderation, was entitled to the fund.
IhIs court says. in substance, that if the
Judgment below had decided that the
contract underlying Delano's claim was
void froe public policy existing at the
tinao, there would have been no question
for're vision here; but as the Judgment is
based upon provision OF tho Constitu.
ton OF the State, framed after the con-
tract was made, which declares all con-
tracts shall be adjudged void which are
founded upon consideration Of Confede-
rate money, it will have to be revised, as
having sustained law ropugnant to that
clause OF the Federal Constitution pro-
hibiting the States from making any law
which shall impair the obligation of
contracts.
Probabilities-1n the North west and
over the upper lakes. and thence to the
Ohio valley, variable South westerly to
North-westerly winds and generally clear
weather. For Tennessee and Kentucky
and Gulf States, North westerly winds,
with clearing weather in the former,
but generally cloudy weather and ocon-
sional rain in the latter States. In the
South Atlantis States. light variable
Southerly TO North-easterly winds, with
partly cloudy weather. On the lower
lakes and thence over the Middle and
Eastern States, South westerly winds,
cloudy weather, with occasional light
rain; clearing tonight on the lakes.
RALEIGH, N. O., November 25. -Reso.
iutions to investigate the August election
passed several readings. Tho conserva-
tive caucus nominated Gov. Vance for
the Senate. Seven Of Judge Merrimon's
friends withdrew. The ballots com
mence tomorrow.
NEW HAVEN, November 25.-About
2o0 shooting stars, which were probably
fragments Of Bieln's comet. were seen
here last night by Professor Newton, Of
Yale College. They radinted from Gam
mo and komedas. Possibly more of
them may De seen this evening.
CAIRO, November 25.-The steamer
a. NJ. Shreve was burned at Chester.
No lives lost.
MEMPHIS, November 25.-It has been
iacS i'll,
on the streets. Ok teams get 81. .25 q
bale for hauling cotton; some few horses
have died.
SAVANNAH. November 25.-The ship
was abandoned on the coust
OF England. The crew are here.
MONTGOMERY, November 25.-Gov.
Lewis aud the other nowlT oIocsod State
officials assumed their Offices this morn
ing. The rnmps adjourned till to NOR
row. The new Lieutenant-G Governor in.
formed the regular Senate, through the
retiring Lieutenant Governor, that he
would preside tomorrow, whereupon the
Senate elected Mr.. Erwin President pyo
tenn. Gov. Lewis, 80 far, has recognized
neither body. 1t is rumored that Lewis
will issue proclamation, con vening the
Lssia' 'attuaTo 40 tho Capitol tomorrow.
New ORLEANS, November 25.-In the
Federal Court, Kellogg us. Warmoth,
there were two hours argument and pa
pera were ordered printed. The court
and approaches were crowded. It is be-
iieved the case will continue through the
week. The contempt case follows.
Financial anu Commercial.
New York, November 25-Noon.-
Cotton quiet; sales 2.328 baies-uplands
1919; Orleans 20. Flour steady. Wheat
q shade frmer. Corn firm. Pork
steady-mess 1900. Lard steam
89s9836. Freights steady. Stocks
very strong. Gold steady, at 1872.
Money firm, att. Exchange-long 81;
short 10. Governments dull and heavy.
State bonds very quiet.
2 p. M.-Cotton receipts 10, 3O5 bales.
Sales OF futures 20, 700 bales: November
le 3.16, 1875; December 18 1916, 10;
January 1877, 10; February l916,
10 3-16; March 1917, 1893; April 1861;
May 1917, 10 1916 Sales of futures
Saturday evening 2.lO0 bales: November
19 BIG. 1914; December 1877: January
1879; February 10 1-16; March 1917;
April 1917, 10 Q 16; May 1921. Cotton
steady; sales 4, 1876 bales, at 19IsM2O.
Flour firm, and moderately active.
Whiskey lower-93T@94. Wheat heavy
and 1@2o. lower. Corn heavy and