The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1874-12-13

-5..FSi
OF tho interest on ave per cent.
bonds. having forty years to ran. which
the several companies will issue to the
amount OF $4,000 per mile Of road
constructed or acquired aud equipped.
The day for objccting to tho Govern
ment's participating in internal i'm
provement schemes is ono that has
passed. Tho violations of the consti
tutioual limits in go many lirectio ons
and to 30 hagrant extent, and to tho
immense detrimen. of tue Southern
Suites, make it uuay for .hem to ac-
quiescc in wha. !aly possibly be an-
other, harmless to other Communities,
but vastly beuciciai tn their own. We
put such difficulties out Of tie way
altogether as no !onger tenahie, md
at least 10 longer applicable to Us.
The time has arrived for tue Sou:i, 10
act as anti upon this question, if she
desires to secure highway to the Pa
cltic, as oil course She does Tho
opening and settlement Of the
fertile lands Of Texas aud the South
eru Territories would seem to warrant
evory reasonable eXc1tion to en,ect it.
The Increased yield ol cotton, tobacco
and the cereals would ndd immensely
to the national wealth, and at the same
time, by opening now sources Of traffic
Tor interchange with other lines, would
do much to visalize the entire system
of Southern railroads and the business
generally Of the Southern States. DO.
sides its comforting great benefits in
this way, the vast deposits oi the pre-
cious metals and other minerals in
Western Texas, New Mexico and Ari-
zona, now practically useless, would
be utilized by the construction OF II
Southern trans-coutinentul railroad
passing through them and bearing
their products East aud West to the
great marts and centres Of trade.
The Presidents Views ON SOUTH
ERN AFFAIRS AND FINA ScE The New
Yurk Journal Of Commerce has the
most solid and scrntiuizing article on
tho Presidents message tlat We huve
seen. Tue Journal refers to the EXPO
sition OF the Presidents views towards
the South, and says:
''No caudid man denies that it is the
Presidents duty to enforce lnws of
Congress- and the provisions of the
Constitution with rigor,' Ito use his
own words when circumstances rem
der that necessary. We blame the
Presldeat, not for enforcing tho laws.
but for using the whole power OF his
Office. and the araly with it, to bolster
up party ut the South. lie has never
appeared on the scene as Il Judge to ar.
bitrntc between two con,cntling fac.
tlons, but always AS nu advocate ready
TO back up his arguments for his side
with baJonets."
What he says OF the South is. us
usual, the Journal holds, one sided.
He repeats the old stories about
"whito leagues" masked and armed.
to deprive citizens Of The freedom of
tho ballot by violence and iutimidu-
ton. md saysathe J0unu':
''Dut ks has nota word to aAy OF the
formidable and murdcruus combinu.
tions Of blacks vi hu roumed over parts
OF the South. numbering. outragine
and roh5ing, and causing reign of
terror which the whites could only
suppress by counter-moyements. There
nre two very distinct sides to this ques.
ton. II there were white leagues,
there were also black eagncs, whose
crimes mado leagues Of another color
necessary in the opinion of some OF the
best citizens Of the South"
Concerning the Presidents views on
finance. the Jon,plnl says:
''Dnt whatever his opinions on
inance may be intrinsiculiy worth,
they have no binding power on Con-
gross, and really carry bu! little weight.
They have no moro effect than those of
any other mau who has supercially
studied financial questions through
other mems spectucles, unless it is IN
derstood that he would veto every
other plan OF relief that might bo
adopted but his own. The President
us good rs declares that he ia not oh.
stinnte or tenacious on That point, for
he says: 1t is tho duty Of Congress
10 ia y az