The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1874-11-12
urrency. Fors this; there has new

wv ouAAouoy ouOuSus 90 Tug amount
authorized by law has never been is.
sued from the Treasury, being restrict
ed and reduced by the isscA aud oirou.
lation, in violation OF law, Of this lille.
gitimate and almost worthless .curren-
cy. Now that banking under the ma.
tional system is measurably free, that
excuse will not hold. By ACT Of Maroh
26th, 1867, it is enacted that every ma
tional banking association, State bank
or banker, or association, shall pay q
tax OF ten per cent. on the amount of
notes of any town, city or municipal
corporation paid out by them. Th.s
enactment does not reach the root of
the evil. The law should be 80 ameud-
ed and changed as to compel the puy.
ment OF the tax by municipalities, com-
panies or individuals who make tue
original issue of such unuuthoriz ID
circulating notes. Bankers ani bust
ness men ut the South assured me that
even such a tax would not prevent the
issue OF this kind Of currency, aud that
the only sffectual way to abolish the
nuisance, would be to declare the is.
suing of nny kind Of obligation, with
view TO it's circulation as money, u
misdemeanor, punishable by fine or
Imprisonment, or both. by any court
having cognizince thereof"
| Probabilities-For Middle States
aud New England, colder and partly
cloudy weather, with North aud Wes.
winds, rising barometer und light
SHOW, from Northern Now York North.
ward to Maine. For Tennessee aud
the Ohio Valley. local rains, followed
by cold aud partly cloudy weather,
Sortheriy wiuds aud rising barometer.
For the South Atlantic and Gulf
States. increasing cloudiness, low TEN.
perature, North to South -enst winds,
nnd rising barometer, with rain in the
Northern portion Of Georgia aud Mis-
slsslppi and in North Carolina.
NEW YORK. November 1.-THE an-
uual meeting Of the Grand Division Of
the Sons of Temperance Of Eastern
New York was held to-day. Grand
Worthy Patriarch Parsons presided.
His report shows the condition of the
order prosperous. The Grand Worthy
Scribe reported the number Of mem
bers III the order to be 2,SS3. During
the phst two months, nineteen divl-
slons have been established with u
membership of CIT. The report Of
the Treasurer showu tuere was ba.
lance OF $500 in the treasury.
ST.. LOUIS, November 1.-THE
strike of the coal miners ut st. Clair.
opposite this city, continues. a meet
ing was held yesterday, at which it
Was resolved that work Ia all the mines
In Bellville district be suspended until
every company in it nccede, aud all
non-uniou men join the Miners Union
and agree TO be governed by the same
laws. The strike is for q uniform
price OF four cents per bushel, de-
crease in the hours OF labor, and Just
weight. The Union men also insist
that all non-union men, or blacklegs,
as thoy are called, shall join the Union
There is great deal OF uneasiness in
Bellville, and considerable apprehen-
sion felt that trouble, if not bloodshed,
will follow. 10 avoid this, if possible,
Is militia company has been formed,
and arms have been received from the
State. The miners assert they do not
intend to resort to violence, but are
determined to hold out till their de-
mands are acceded to.
Boston. November Ill is rumor-
cd that Horny Il. Roberts, cashier Of
the East Boston National Bank, is a
defaulter.
SAN Francisco. November II. The
seventh steamer. Sacramento, belong
ing to the Central Pacific Railroad, i,
was burned to-day. Only small por-
tlon OF her cargo was saved. Loss
800. 600.
NEW YORK. November 11.-Ross &
smith. No. 81 Front street. and fa-
vorably known in connection with the
bagging business. suspended this
morning effects having been
transferred to their creditors. Their
Liabilities amount to Sl25, 900. Their
failure is attributed to the great de-
cline in bagging and the utter cessu-
ton OF business in the past sixty days
Teiegraphic-Cominerciai itepors..
COLUMBIA. November 11.-Sales OF
cotton 86 bales 13as0I3,::.
LIVERPOOL, November l1-3 i. NJ. =
Cotton steady-uplands 7s6@7aa; Or.
leans Sis98il4; sules Is. 900. Including
6,600 American; speculation and e1-
port 5000; cotton to arrive easier; sales
on basis middling uplands, nothing
below good ordinary, shipped October,
November or December, Z 9l6Gd,
u-l6; nothing below low middling,
shipped December or July, 7 Ills;
sales on basis middling Orleans, no.
thing below low middling, shipped
November or December, 1916.
Z. M.-Cotton-sales on basis