The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-11-21

oSeuIhtsse VI tue ASSOCiateu i'rcSS, Oh
Wednesday, stated: Il have every con-
idence. in Secretary Fish. He will do
Just right, and you may rest assured lie
will not be Carried away by excitement,
neither will he yield ono bit of the ma
ability of the United States to wage q
found necessary to resort to arms, he
said: "Should such IL coarse be deter.
mined upon, the Treasury Depar, ment
ia fully prepared. We have enough
money to commence with, but exactly US
to what will be done afterwards, de-
pends upomthe prolongation Of the war,
! though have no doubt it would be Of
! short duration. AS Congress will b..
| here III two weeks. it is very certain that
there will be no difficulty in raising ull
tho meuns we want. A war, of course,
will be expensive, as it requires large
sums Of money to mova armies and fit
out ships; but we are equal to the cmer
gency. lie was tLen asked the Ques-
| tlon: "Do you fluid tho Cabinet war
| iikr?" And on answering that The sen-
timent seemed 10 be to uphold tue
national honor, be repeated: Tho cpl
mons Of Ir. Fish arc correct, and tho
Treasury Department is prepared to
maintain those opinions" Question-
"Do understand. Judge, that you are
IN favor OF the annexation of Cuba?"
Answer, utter significant silence
"Whlls do not say whnt am in favor
Of, do say that will stand by Mr.
Fish aud whatever the State Department
does. believe the Secretary Of State
Is u careful. cautious and judicious man,
and thut be will not got us into any en-
barrassments. That is my decided
opinion. 1 have not given much atten-
ton to the subject. In its present
shape. it belongs entirely to the De-
partment OF State. l assume that if We
had war with Spain. it would result in
the annexation Of Cuba"
| The Secretary Was then asked if the
acquisition Of that island would not ma
terlally disarrauge our tarE system?
10 which he replied: cat first, of
course, it would upset every thing. as we
would lose large SUN Of money the
first year from the import duties on su
gar and tobacco. which We now receive,
but, after that, our internal CO collections
on those articles, especially on tobacco,
would much more than compensate for
that loss."
Qleslion-Would it not bo necessary
to keep large army Of custom officers
there?
Answcr-Yes; it would be great
place for Hmnggling. 1t would necessi-
tate tue cstu ubllshment Of custom houses
all along the coast. aud AS there is such
an extent of coast. mnny persons would
have to he employed to- guard 1t.
WILsIINGToN. COLUMBIA AND AUGUST.
RAILROAD fhs third uuuu.l meeting
ol tue stockholders IF the Wilmington,
Columbia and Augusta Ru,roud Com.
pany was held at WIu.ingtou on Wedues
day.
Tie President made nil extended re
port Of the condition uu.l operations OF
the road and Of thu Wilmington and
We!don RnIroad, of which this com
pany Is the lessee, covering the reports
Of tho Superintendent and Secretary
aud Treasurer Of both roads. Wo col
late tho following Interesting facts
Gross earnings. 81 .4GI .7Ol IS; operating
EXPENSES. $S96, ,345 2o--showIng nel
enrnlngs, S5G5. 456 81; ont Of which has
been paid the coupons on bouded debts
Of both companies and interest on float
ing debt, amounting to S39G $50 Sc; on
rental Of 8 per cent. on 81 ASP 300 capi
tai stock Of tho Wilmington aud Weldon
Railroad Company. $72. 2.6l5; on rental
Of snms ut 8 per cent, S43, 569-totnl,
S5l3 ,O73.86; balance of net earnings
applied x, construction aud equipment,
S52. 1892 rs.
On motion, the meeting proceeded tc
elect u President md seven Directors,
which resulted in tho election Of Il. Il.
Bridgers rs President. and tho following
Directors: W. r. Walters, w. II. Ora
ham, s. NJ. Shoemaker. j. d. Cameron
l.. ID. Guilds, Is. l.. Newcomer nni Geo.
s. Brown
The Chicago Tribune talks in this un
patriotic way: 'Spain possesses clever
irgatcs OF tho first class, Including such
ships ns tho Numancia, Yllio de Madrid
and Aragonia, ull of which IRE superior
in every respect 10 any vessel in our
nuvy. Without donbt, she could main
tain on the high seas lurgsr feet of
iron.c!ad shipa of war thun wo could
put nfloat of wooden ships" But the
Tribune does not take into account the
skill, courage aud efficiency Of our nau
tioal Roboson. Count him for twenty
iron clads at least.
IL