The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-10-12
C(lOLTJMBs|T1A, s.. 6.
Sunday Morning, Cote eber 10. 1873 !
nIeleaeholy Coll.r.s,.

~SoA~SS S<AVAAA3$A 81 WV WA 4&6a 40Sosf
sIelaaoholy Collapss.
The zig-zagscourse and sudden darsh
to earth Of the Gfdphio balloon Is bat q
SiIoaia6saa5s, "a Comparison with the
tortuous WRITINGS OF our neighbor. the
Uaion- Herald, on the bonded debt ques-
tion, and Its rapid descent to the deep
eat depths OF Radical immortality, in it's
last utterances on that grave subject.
ItHew high In the air. Giralipg glorious
~ towards the sun, and made the well
kin ring with its screams OF deuunoia-
ton Of Morton. Bliss~ o.'s claims.
Men looksdSsith surprise kt it's unex-
peoted, demonstrativs and noisy re-
proaches and rebukes Of tho psoAigate
crew who had cheated the poor people
the dear and humble people who sweat
in fields behind the plow. and holding
the hoe and spade in their hard and
swaaty hehds-ou. Of their small but
honest earnings. and saddlsd upon their
toll and that Of their descendants for
generations TO: comeiHh intolerable load
of spurious dsbk Distrust OF the sim
oerity OF an this indignation. all this
palavar which flowed in copious streams
for several months; and frothed up and
down in the Column oonduits of the
Hsrald, was freely expressed by some
unbelieving skeptios. Even We, mild
and gentle as we alwaya are to our con.
temporary. were constrained to charac-
tcrize the display as theatrical. Like
thebnlly in the Georgia Scenes" the
Herald was only rehearsing. and "seein'
how it copldla font." We are grieved
to say that our forebodngs were true.
The Herald shrinks from the last round.
It retires to it's corner, or its ssring."
"AleaI Matilda then was true,
At least thou {ht 30 ~ at the o."
nton-Herald.
Hit went high, it has como down low.
In its issue OF yesterday morning, it
says that the Legislature has been called
to arrange some compromise with the
public creditors. The responsibility for
sthe debt, it of course saddles upon the
democrats. The Radical Government
: contracted it, but, somehow or other,
the Democrats are the fellows to blame.
vt was the jaupdioed opinion manufac-
$usea by them abroad which produced
the monetary embarrassments,a and be-
trayed the poor innocent Radical
officials to do wrong in re-issuing bonds,
in hypothecating the Agricultural Col
,lege land scrip, and in other similar
operations. They stole just to spite the
Democrats, who "hadn't ough.er" to
have dealt out to them such .sunmea.
sured scorn aud contempt" We are used
to this sort of talk. It does not hurt
It is not meant to be believed, except in
orioles where anything will pass current,
aud where counters ere asgood az coins.
Itappears q new light has shone round
about the Herald, which enables it to see
the error OF its wsys. It is ready to
oondone the crimea of the "bad and ire
sponsible nen".9f Sits party, for party's
sake. Whstsysr d> advocated in the
spring aud, GUNNER, it repudiates now
in the harvest days. It holds it to be
imperatiys that the money borrowed,
With. opsrsi Interest, should be honestly
resprnsd. II must be honestly returned,
whether honestly borrowed or; not. The
whole plan and reason. for doing this are
revealed"in the following passage from
the Herad;ai i y,,.. ..f.74fi
"Whatever legal defect there may be
in the issue. or by potheoatiou of certain
bonds, il is urged By some, soith much
sound. sstse. that plan should be ds.
pised TO pay those parties back Mei, money,
,oiM interest, swho leht it in good faith to
help sustain Republican administra-
ton and educate the ,emaucipated chill.
dren OF the State. n Dould be political
suicide. stabbina our party in The back, TO
rep,idiats ono doAar3Qf 0is dsbs or these
claims. If the creditor is willing to
take fair compromise, we should meet
him half way, and as he helped US in
our hour Of need, when the Democrats,
the so.oalled taxpayers, were laughing
end snaefing atus. denouncing our Gre.
dit and doing their best to destroy us,
IL y