The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-09-03

i
sured. It is now a question with the
Secretary, whether he will continue the
exchange for i've per cent. stock, or
wait until he can place the nav stock ut
AZ, or even at 4 per cent"
DEATH OF TIE OLDEST JOURNALIST IN
| THE CoUETRY.-It becomes our sad duty
to announce the death of Mr.. Jacob N.
Csrdoza, who died in this city on Satur-
day night last, at the advanced age Of
born III Savannah, June II, 1856.
About the year 1890 his family removed
to Charleston, s. c., where he received
plain English education, and from his
| twelfth year was put to mechanical and
came editor of the Southern Patriot
newspaper in Charleston, of which, in
1928. he became sole proprietor. He
had long studied the principles of trade,
| commerce and finance, aud his purpose
from the first was to render his journal
especially the organ of free trade
doctrines. Having constant view to
those commercial questions in which
the interests of tho Southern Suites
| were involved, the commercial relations
Of the United States with the British
West India Islands. in their restricted
attention. The removal Of these re-
strictions was an object of constant So
licitudo with Mr.. Mourocs nt,miuistrn-
ton. TO force IL relaxation by tho
British Government, Congress in 1918
aud 1920 adopted connterncting regula-
tions. These, whatever their effect on
rif l>o
slVe on Southern commerce. Iu 1922,
such as Norfolk and Baltimore, peti-
toned Congress Tor their removal The
city OF Charleston was go far inclined to
second the movement that large public
| meeting was held and memorial was
drafted for ita adoption. Mr.. Ca,doza
regarded the case as an exceptional one,
and opposed the memorial. He argued
against unlimited intercourse when
reciprocity was denied, and at All ad-
lourned meeting of the citizens the me-
mortal was rejected, leaving the whole
matter as before-in the hands of Con-
gress and the Executive. The result
| which was arrived at in the countervail.
ing resolutions OF Congress, was soon
seen in the partial removal of the Bri-
tish restrictions. When this was done
President Monroe opened the ports of
the United States to the vessels of the
British West Indies.
| Mr. Cardoza took an active part in
the establishment, in 1928, OF the
Charleston Chamber of Commerce. The
tariff OF 1924 met with little or no oppo-
sition from the South. When. in 1927,
All increase Of protection was agitated,
| 4 Tod e
brought the subject before the Cham
Der, and was one of a committee to draft
q memorial to Congress, which was
unanimously adopted by tho citizons of
Charleston in public meeting The
arguments on the subject. however new,
rapidly made their way into the public
mind of that State, and constituted the
chief political capital Of the press aud
party. The agitation ripenel into null
llhcatlon, the controversies upon which
began in 1928. Mr.. Cardoza continued
his opposition to the protective tariff,
still maintained his free trade argu.
ments, but declined to adopt the cx.
treme practical results to which nullifi-
cation was expected to conduct. The
advocates of nullifioation succeeded in
this State, but Mr. Cardozn forfeited
none OF the public esteem in conse-
queuce Of his course. He continued to
conduct the Southern Patriot, keeping it
steadily the exponent of the commercial
principles of which he had so long been
the advocate, until 1915, when he sold
the paper, and soon after, in the same
year, established the Ereming Ne,cs, an
other daily paper. with which he was
associated during its existence as COM
mcrcial editor.
The reputation OF The deceased as a
sound political econ omist, has long
been acknowledged by the Southern
public, though few knew how extern
sivcIy ho had written on all the subjects
we have indicated. Io contributed
many able articles Oh his fsvorite
themes to the Southern luD1.rly Re.
1is'c AID other periodicals, and in 1926
published volume entitled "Notes on
Political Economy" which attracted
much attention. LIE may be said to
have continued his connection with the
press. TO the close OF his life. During
the war, he filed editorial positions on
the papers of Mobile, Atlanta ma
Charleston, aud after the war was n con.
trlbutor to the Morning Ncrs, for which
ho continued to write, until about a
year ago. when the almost entire loss Of
eye sight compelled him to abandon his