The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1872-12-10
COLUMBIA. |: ! !! S. C..
Tuesday; AorninR. December 10, 1879,

Tuesday, 4orning, December 10, 1872.
Exempt Misunderstanding from Taxation.
The manufacturing Of cotton, into
yarns and cloth, paper mahufacture, and
other branches OF manufacturing indus.
try, constitute. in our opinion, the great
controlling Interests of our section in
th6..nenr' future. We have already dir
cussed. this subject, and shown the
money profits and other equally valuable
advantages OF this business. We have
everything in our favor in prosecuting
IT., except capital, and that must soon
come. Nature abhors q vacuum, and
once capital can feel its safety and sue
cess in new and inviting fields, it is
bound to go into them. A gratifying
growth Of the manufacturing interest,
more enlightened policy as to this pur-
suit and Investment, We have already
discovered and taken note Of in several
articles. We shall continue to give the
subject attention, and seek to attract to
it such consideration as will ripen into
benefoent action. As We have shown,
all the conditions of success meet here.
Some OF these may be briefly re stated:
Raw material, mild climate, better work
ing of the cotton in our warm climate,
Estimated MS high as ten per oens.,) the
saving OF freight on manufactured goods
as compared with bales of cotton, abun-
dant labor and more controllable here
than elsewhere, and the home Rs we'll as
Northern and foreign demand for the
goods. In many localities. the cotton
may be taken directly from the lint room
OF the gin house--thus avoiding the ex-
pense of packing. bagging and ties, and
handling, and also that of running it
through the picker. It is bet.o. for
working when unpacked, and. besides.
the wastage of from one.tenth to one.
eighth, which cotton undergoes, in va
rioas ways when packed, is saved.
We are pleased to recognize that Co.
vernon Moses seems to have Indicated
that he will recommend a liberal and
enlightened policy upon this subject.
When our party spirit and class disagree
ments have died away, and good govern
ment and good feeling replace the bad
which have prevailed so long. hepredicts
that .:the magnificent and tu1failing
water power of our State, which is now
running to waste, will then be rapidly
utilized. to put in motion thousands of
busy spindles aud looms, in full view of
the felds that are wltbensd, BY the plant
that supplies the material for the. fabric
they weave" This is we'll said, and
shows progressive spirit and in the
right direction, which We can cordially
approve. It is one which, we hope, will
not rest content with generalities, but
will come to specific Recommendations,
and use the powerful influence at its
command to hove the pleasant vision Of
SUCCESS and profits renlized in action and
result. All true lovers of the country,
all who wish it to be resusoitated from
its ashes and degradation, of whatever
class or party or color, who have given
these subjects. thought, and are really
informed upon them, who know the i'm
mense good which is almost within our
grasp. will be pleased to have such recon-
mendations come from Governor Moses
as will be wise, statcsman-like, practic cal
and practicable.
We learn that many members OF the
Legislature are considering the subject
seriously. They think favorubly of the
suggestion (already made in these
columns) to exempt companies employed
in manufacturing from taxation on their
capital for term of years. This was
done, We remember, in the case Of the
Langley Mills, ten miles from Aiken,
and might be made general hereafter
with the happiest results. Young enter
prises struggling into being would great
~ feel the advantage of such exemption
and encouragement. Let US learn q
lesson from Augusta, where they propose
to pay bonus of three per cent. on all
capital to be used in establishing and