The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-12-30


TIE OosE1soArxD ,CorroN. .-Senator
Gordon, OF George. offered resolution
on the 10th instant, requesting the Sec
retsty OF the Treasury to furnish in
formation in regard to the amount OF
cotton seized in the South after the
close OF The war, the names OF the Of
ficers making the seizures. aud the name s
OF the parties owning the cotton, by
what agents the cotton was sold aud the
amount realized, and the disposition
made Of the proceeds before they we're
covered into the Treasury. This resoiu
ton was laid over: Al: the request of
Senator Boutwell,. To-day S.nn.n. Ger
don again called it up, aud asked That i,
might be considered. Mr.. Boutwell, put
in an objection that tile information had
already boen furnished, but when asked
| if hu was certain, replied cvasively.
Iho resolution, at the suggestion Of
Senator Sumner, was modified so as II ot
| to include information hitherto report
| ed. nnd WAS then passed On the jni,it re-
quest Of Senators Howe aud Gordon.
| There are somo curious things con.
! necied with this cotton business, which,
ut DO distant day. will be fully explained.
| VIM. l.. Chandler, now the lobby at
torney o! Jay Cooke & Co. and Of the
Washington ring, was Assistant Secre-
tary OF tue Treasury ut the time the cot.
ton was seized. He huh obtained exact
Information in regnrl to all the cotton
III the South, aud deliberately planned
its seiznrs. lie had charge of all the
| details Of his business. aud organized
what is known as the cotton bureau in
the Treasury Department. This burcan
be filed with his creatures, and some of
them remain there to this day. $40, 900, :
OOO, realized from the sal. uf this cot
ton. Was. through tho Influence of
| Chandler mud Jay Cooke. deposited in
the baukiug house Of the Cookies in this
city, and allowed 10 rcnuiu there until
March 80, 1868. when il was covered
into the treasury by jnint resolution of
Congress.
Alter Mr. Chandler loft the Treasury
Department. ha WAS still retained by
Secretary Mccullough ds tho real head
OF tha Cotton B"rcau. on tho plea that
he alone understood uil liz detail. Al
the same time, hn opened Law uflicc
here and bccarl,. the attorney uf claim
ants who hnt cotton claims to prosecute
agulnst tho Government. Ua is now
virtually maeter uf the situation, ana
20 claimant huS ever vet been able tn
obtain payment for cotton sriZal who
dill pos, directly or INDIRECTLY, SEES Mr..
Chaud.cr. | know of no positive cor
rnptiou Ill any Case, but one thirH
patent to every budy about Washiuelon
From Mr.. Chandler down. there ~ nol
man who was connected with the cot
ton business in the Treasury Depart
ment who has not suddenly acquired
grcnt wealth. Mr.. Chandler Eimsrii
came here poor man, and now he is
popularity reported to be worth hun
dreds OF thousands Of dollars. When
the Secretary of the Treasury furnish es
the Information called for by Senator
Gordon, 1t will probably astonsh some
virtaous people. = IVaSh Cor. ~ Y. San,
The DEY Goops TRADE IN New Yonk,
The New York BuNeiin, of Wednesday,
the 24sh, has the following in referenc.
to the condition Of the dry goods trade
in that city: "The week Just closed has
been an eventful one in the dry goode
trade. The effects of the late panic bave
become felt in the shrinkage OF values
and some failures hive resulted from
that cause, combined with the dulIness
OF trade since the middle Of September.
Messrs. Oberholser & keefer, jobbers,
OF 329 Broadway, we're the first to sue.
cumb. and their suspension was followed
by those Of Messrs. Wight & Tillin
ghast; Mr.. f. r. Josslyn, of Canal
street, dealer in yarns, warps, &C., fila
bilities S50,000;l z. Laudecker, whole.
sale furnishing goods, No. s Wulker
street; Frank Kastar, also furnishing
goods, No. 10 Walker street. The two
LITTER firms are expected to pay 80 DC,
cent. of their Indebtedness. And nf,u,
protracted struggle. tho popular firm
OF Messrs. Diggs. Cunningham &c Co.
wore compelled to suspend payment u.
tho close of the week, with heavy liabi
iItics, but their suspension is believed tc
be only temporary. Utterly unfounded
rnmors were also circulated, bnt prompt
iy contrldictcd, regarding tho solvency
OF broadway commission house, which
has long aud justly been considered one
OF the strongest in the trade. These
failures naturally produced fevcrisl
and distrustful feeling ut first; but calm
reflection soon wrought change, an6
when it was considered thut tho abov.
suspensions were either caused by over
trading and insufficient capital, or b,
complications with houses already sus
pended, they were regarded as not un