The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1872-06-08
To THE EDITOR OF THE DAILY PHas1x:


In the Union, OF the Atm, there is an
editorial on the Conditions of Pros.
perity," which, so far as education and
industry are concerned, is fair enough,
but as regards the keeping OF our money
at homo, is On entire fallaoy. No nation
or people ever thrived long that kept
their money at home. Money is but
the representative Of labor; in fact, it is
labor condensed into the form Of ex-
ohange-it is but commodity, and has
its value in the markets of the world the
same as corn or cotton.
The Chinese and Japanese, for ages,
were sealed book to the European.
They kept their money at home; but
what value had that money? Little or
none, when we SEQ that for about one
cent In value of our money the China
man could purchase O days supply of
provisions for himself and family.
For hundreds OF years the Indies have
been depicting Europe of her coin,
which never again returns to it's source.
This has not made the latter nation poor.
In fact, her people have worked the
harder, and have become rich, and to.
day they lead the van of civilization.
The researches of modern savans has
developed the fact that the specie that
fl"ws to the East in the shape of money
is buried, and never again is used in
commerce. The inhabitants of India
and China are the most miserly and de.
graded class of human beings in the
world. We of this continent know that
miser in our midst is an evil; that the
whole community are glad when he has
died, for then they rejoice that his
money will be brought into use and
tend to the beue6t of Others Money
unemployed has no value. It is like the
stored-up strength in the idle man, who
refuses to work and be Of use to his fell
lows, but the moment that the muscles
move in labor then the fruits of his toll
acquire value, and his neighbor, be he
far or near. is benefited by means of a
mutual exchange Of the products of each
others labor.
In the great divisions of the earth we
ind that mans existence is based on the
productions of the soil of his particular
country. All over and above what is
actually required for his food and raj
ment, is used for Injuries, and We can
not have them without exchanges. No
man can shut himself up from the world
with his money, and say he is rich.
He is, in fact, poor. We need exchanges
to add to our comforts, which an ever in.
oreasing desire for luxuries calls for.
When we say luxuries, we mean neces-
saries; for the higher we advance in
civilization, the greater our wants be-
come. The question to the men of the
South, as to the best means to which
they can apply the great capital of labor
with which the Almighty has endowed
man, and from which they can reap the
greatest profit, is answered by immedi-
ate surroundings The soil beneath and
the sun above calls upon them to de-
velop their resources. A climate and
land that can produce corn and cotton
in abundance, it would be criminal to
neglect for that of manufactures. From
that moment we would begin to go down
in the scale of prosperity; the prices of
provisions would advance, and SO would
that Of clothing.
The nations of the earth are one peo-
pie. BY means OF money as an agent,
we cause settlement in the exchange of
our products, and the larger and more
frequent the exchange. the greater do
We enhance the happiness of all. If by
VIZ SuAsnAO Va VIC nollp We Cdu 10 u
better return to our capital than our
neighbora. OH the granite hills of New
England" or the ''rocky shores of
Albion" then let us by all means follow
the plow. and say to them that for the
products of their labor through the
loom and anvil, We will send them in ex-
change corn and cotton, the products of
onr labor through the plow. I'll.
Some years ago, Mr.. William Lloyd
Garrison and Mr.. Wen dell Phillips had
bitter personal quarrel over TIE burial
Of the Anti-Slavery Society. Now Mr..
Garrison makes bitter personal issue
with MIR. Sumner over the reelection OF
Gen. Grant, which he somehow eeoms to
consider an anti.slavery measure. Mr..
Horace White thereupon takes him to
task in c0gent letter, which we else
where reproduce, from this mornings
Philadelphia Inquirer. The contrast