The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-10-14

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ssuu,. 8tOenuac p IS a5es.Heah
lgs.3V ytPs Fs1verf ~ q qp54 4pqa1fI4<
:Ias potns- would soe IN npE'teefat ~tf
tne value OF eur paper money. As to
!egisinn0n. tne Free! lent said he bad
tnon8At musaf ssaessnbJeot, and IL
ne were $noy engage Ans writing his
ann u. 9 uas f9ssssaes ~ gSonBress, he should
seco onan s1S p9stttye authority to re-
|lssue the. S4t ytOi OF reserve; free
bank.nga tAy Win The Same protection
~ i9ilt p olders sas snost;sa repeal OF 1.-The
|g}f Hse ffaa1sfngA fA3Hsy Tor the protec.
non. OF 8, sdaR9iaAs 'i NJ aAs2ss sr sentsge Of the
sogs 0ssHSE Sss E Esaefya ~ An that In
|esefsfd sSs s a Eass4 aHsil the whole
9eeSEs sE0at1s s6lS alpr jya5MesSEh could
a8 f9tgt N1 such in
y ssnesHaDlaor large
pSN DHn nfaetsi iSks kne eE9Ifisigterest paid to
olh ts1atH p pnnda.;t1eld ~ the Trea-
enrargnss & tha t nseed satafea for the pro-
teeqktons est ots sniiy stigidefs be also favored
an aosolnte .prohthltion to the payment
OF INTEREST on osPosits. Tho President
aia not contend that he would be right
IN .nese re'ommendatlons, but they en-
oodled the views which his nnaided re-
nectlon nao orougnt TO him. there was
oo question out that macn demorailz!ng
auo Injurious speculation and gambling
was caused oy tue accumulation. OF
onpl.al III iarge centres during portlon
oI Tue year, "hen money ls not re-
aulreo ZOE Tue movement OF products py
Tn: rue pay9enI OF lnteresI on deposits
Lhis leads the country bankers. mer-
Sus9ss anu osnels 20 deposit IN CITY
uaAnkkS, PrinclPally IN New York, to
e1ake - ,s91s ~, money earn something dur
!nE tfe peiio9 2wnen they DO not wish
oase Dan1s gSying lnterest on de-
pvSisg ,s'e, fnn lIHa Hnaot'aHoIH 20 nolo the money
.u!S! ~ :henee, gam1Hne In fancy stocks.
il;ons il,9 u wnlon' as an Investment,
Moau no. support q taml'y, even IN the
moss economical manner the building
oi !@i'Foaus thas are not wanted. and
wolon cannot Tor years. pay running
oApeuses, eto. Suon ganohnH ana
specueauon had' ne trusted received
blow from which. he hoped, they never
would recover. The President said that
usas uh.ess MS mlna enonld undergo u
,'as.,a snsb. 5.,, 10 Moa'o m": le1ommen post
ve tn.;an oann =. a,,;d LUIS Woalo give an insli-
s.vn o.a.t.anss. - mn.ou every M uouy wonia nave
esas oooouoo. WITHIN tne reaca OF
<,r-3,. So. 81,
uo. pos' o.hce' ne shouio Recommend
1ne paynnene 0! TOUR psr cent. TO de-
pealtors' ana the conversion OF de-
poa..s' p.".s eisner ia Outstanding United
liz oouus VI 1n'o new ioui.an"-a-
70. eatN oeu. Doaos' anu tue taxing up
=. o9sllrssPonding amount OF those
uNss.anutng' Ns!.g
~ 1@s' @' oc.opel tA.-heoeiPts from
VIC , no"".u e,a" nssoctnsioh Oh saturday
80 o. Nnn W T.oo. .ueir o"iiy expenses
S.,ooo nolo 20 eenelai oest1tu-
t.;,,at;aus s .ne poot. All sinos Oh Con, Con,
ne hte uGooPsco. Inefe are oVo
a oo"' .% a.: "a. o'. Hetef OrP9"h asy-
.La o'e'els afe ProVloIng lor
oi,, nam DO iAt aS tueY "re "oie, Dat are
~, " 'urn in@ny unfortunate
:, ~
go .sIoA, oosopel ihere
49, Iso 's.aA eases oi lever ae Ar8ents'
Stp pp0s,.e ne.e; Aeeenta ls quafant,ned.
sTpO,s s~ Tu', sen1esrapne[s are @ an w Wen.
a1n.aa, 'qn, ~. oG.oper it.-Ine o1. hoais
siaS aao Iosurance COMPANY mas
S,s.a n auower 10 me Peilon OF the
,n% for p''r;eaeus an ;n;nno.: % Issuance, ask.
c1,nnsnv M 81 aron: auu'.uu 1Dlt.l. restraining tnat
its hp .;;,..a so -, ,,"i.I n pt9seoa.ion Oh
aI,aca,;o~s 90. ~ f"u.,' "ou aaeJ ueny aii .he
"i'oSo'iooe oot iottu, anu 6eaeTt tnnL tn0