The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-08-01
FACTS FOR PLANTERS TO CONSIDER -

FACTS FOR PLANTERS TO CONSIDER -
We have often expressed the opinion
that any advance in cotton which is not
based upon the trne relation Of supply
and demand is in its final result an
actual injury to the planter. Some OF
our Southern friends find 80 much salts
faction i'll high prices that they appear
to think We are wrong in this position.
A fact or two which the present corner
III now developing will be of interest iu
this connections:
1. For somc time, there hus been a
rumrr In circulation that cotton was to
be shipped from Liverpool, as under tho
present artificial condition of the market
thero was profit in tie transaction. 1t
appears now thnt such u movement is in
aotual progress. This week, the steamer
City OF Chester arrived, (the 21st ult :.
with 363 bales of American cotton; on
the same day, the City of Bristol brought
243 bales OF Egyptian. and on the 23l,
the Gaelic brought G36 bales Americau:
Monday, the Adriutic is expected TO ar.
rive, and wo understand she has l 500
bales American for New York
2 The high prices are nlso affecting
home consumption. The gnods market
bad not been satisfactory for long
time. SO that high prices the mvre easily
led spinners TO economize the use Of
cotton. and hcnce their takings are
sure to he something less THAI uutici-
patcl.
These facts are important, ii, bnt!, Of
them help to give uS III Increased stock
OF OLD cotton /" carry over to the next
cotton year. This is very undesirable,
30 FAR ns the planter is concerned: he
n int 81
thus swell the supply eurly in the seusou
will tend tp make the yeur open with
unreasonabiy d. cliuing prices, in case no
disaster should ovcrtake tile growing
crop. We would much prefer to see the
Old cotton absorbed now, IL moderate ex-
port continued, this counter movement
from Liverpool stopped. aud home con.
sumption kept up to the full rate. Such
movement is healthy, and would, in
our opinion, best se-ve the interests Of
The p!nhter. Fintmciui CHr0nicis
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UNITED STATES Court In this court,
The assignee of Henry NJ Fuller, bank
rupt, VAS ordered to set aside a watch
valued ut Sl23, to which the bankrupt is
entltlcd. 1t was ordered that Thomas J.
kiddle. assignee Of 0. L. Hinson, bank
rupt. he imprisoned in the Lancaster jail
until he shall have paid the dividend and
costs of proceedings. Edward y. Thur
ston and g. Il. Holmes were finally dis.
charged in bankruptcy. us was also Ben
imip Folsom, of Sumter. The report
of W. ID. Clancy, special master ia the
case of Charles Rsmson, was confirmed,
aud Thomas L. Fosberry was allowed
thirty days to comply with tue terms OF
purchase mado by him. The report OF
Registrar Carpenter on the petition of
Melvin Hirsch to establish lien on the
estate of Morris Schwartz. bankrupt,
was confirmed. and tho assignee was or
dered to sell property to satisfy the same.
The petitions cf Daniel G.. Hough, of
Georgetown, and Benjamin L. Bates. OF
Spartanburg. for voluntary bankruptcy,
were referred to the registrars for report.
The petition of the assignee OF }. G. Jor-
dan to establish lion on the estate Of ".
W. Harlec. bankrupt, having been ia
vorably reported on, the amount dne
was ordered to be paid.
HoRRIELE MURDER. the little
town OF Logansyille. in Walton County,
Co.. was stirred by the perpetration of a
brutal and cold-blooded murder.
young man, named Hammett, was prac.
ticing with bis rifle. A ball struck the
dwelling house Of an old man named
Fockmore. Mr.. Rockmore came out
and asked Hammett not to shoot that
way any more, as the balls might strike
and kill some Of the children. Hammett
grew excited and retorted angrily, aud.
lifting his rifle to his face, deliberately
shot Mr.. Rockmore in the neck. Seeing
that Rockmore did not fall, Hammett
ran to him and beat out his brains,
breaking his rifle of at the breach.
Rockmore died almost instantly. Ham
NETT fed to parts unknown. Mr.. Rock
more is said to be mai of fumily, aud
about fifty years OF age. Hammett is
said to be scarcely twenty-onc years old
and hump-backed.
Section Q, Article 8, OF the Constitu-
ton Of the State of South Carolina is in
these words
"The General Assembly may provide
annually for poll tax not to exceed ono
dollar on each poll, which shall be ap.
piled exclusiv. ~ TO tho public school
fund. And no Iltiitional poN tao sluN be
lerie0 dy dny municipal corporation.
The attention of tax PAYERS is called tn