The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1874-01-09

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UNITED STATES Cou5T.-In the Dis.
trict Court, on the 7th, bench warrant
was ordered to issue for the arrestsof
James P. Slater, convicted Of violating
the internal revenue law. The grand
jury zssuned trne bills against Isaac
Hayward and jesse Brookingtoh, for re.
failing liquor without paying the spe-
cial internal revenue tax, anu no bill in
the case OF = Scheile. charged with
noncompliance with tho stamp ACT.
The petit jury found Johu Grant guilty
OF selling goods on which the tax had
not been paid, end assessed the penalty
at $50 aud costs. W.. w. Bradford, OF
Sumter, was finally discharged iu bunk
ruptcS. 'rbe petitions OF james " .
Lowry and David J. Lide, Of Sumter;
3. y. McAlister, of Anderson; r. l.
Campbell and Mabin Madden, Of Lau.
rens, for voluntary bankruptcy, were re-
fe'rcd to the registrurs Of their respec
tive districts for report. JOHN Robert
son. creditor of ". L. Sealey, bank
rupt, WAS allowed to establish lien to the
amount of 1922 q. Tho report OF the
| assignee as to exempted property OF A.
T. Black. b.nkrupf, was confirmed
The funds Of the estute of l.. ID. Nc
Maxim were ordered to b. distributed
among his creditors. The assignee of
Faruum & Dotterer, adjudicuted bank
| rnpts i'll 1867, was ordered TO sell all uu-
the estate. The report Of tho registrar
in the case of E!dridge r. Chandler.
bankrupt, was confirmed. Burr J. Ra.
mage was approved Of as assignee of N.
A. Hunter. of Newberry. The petty
jury rendered u verdict Of not guilty in
th, case Of Philip Wetherhorn churgcd
with buying soldiers clothing.
THE MORE CURRENCY FAL1AcY For
the benefit OF the currency tinkerers,
especially those who want more Of the
article. i: is worth while to show how
little they have learned from pnst cxpe-
| rience. The crisis OF 1887 WAS preceded
by All incre,lhe III tho amount Of paper
circulation, that raised it from S94, ,UU0,
900 il 1884 to $l49. QUO. 600 in 1o37-.n
| imitation of 50 per ceut. in three years.
The crisis of 1857 was preceded by III
increase that raised the amount in ci1cu-
lation from $155. 900, 900 in 1851 to
S2O4, ,O00. 900 in 1854; and then. after a
check that reduced it to SlS6, 600, 900 in
1855, raised it again to $2l4, 4,O0U, 700 iu
1857. This, it is perceived, was much
moro moderate uud gradunl initiation
than the earlier one. amounting to only
3o per cent. in six years. 1t waa helped,
to DO sure, Us au initiation, by an even
larger increase in the specie circulation,
bnt that was an incrGuao that powerfully
aided to alleviate the shock of the crisis
when it came, aud 10 restore trade utter
! wards. In contrast with these comes
now the crisis of 1873, which WAS pre-
ceded by IN increase in the amount Of
money of all kinds N circulation. equal
to 100 per cent. within the three or
four years that followed 1861, aud equal
to 800 per cent. in the amount of nero
paper currency. While all this is un-
questioned, there are currency doctors
of Similid Simiiibus curdntur school, who
holl that "a hair of tho hound will cure
the wound" and insist that as the crisis
came with too much paper money, the
true remedy is u little more Of the same.
SAD OCCURRENCE Thomas Barnett,
aged about twenty-five years, son of A
| 81. Barnett, residing near Bethel, in
this County, was accidentally shot on
Friday last. On that day, ho was tend
ing saw. mill near the house, and had
with him his 9nn for tho purpose oi
shooting ducks. No pelson was pro.
sent ut tho time of the accident; but,
from his position when discovered, the
supposition is, that on quitting the mill
and starting TO the house to answer Il
luminous Of his sister, in his haste he
seized his gun by the muzzle and in
drawing it toward him from the pile ol
boards on which it was lying, the ham.
mer Of the lock caught against the pro.
jscting eud "i n stick. which raised i,
SO rs to full with sufficient force to ex.
plode tho cap. The contents OF the gun
were discharged III tho right breast oi
the unfortunate man, and death must
have been almost instantaneous.
IorkoHc Enquirer.
The lNet7s GHa Courier says, editorial
Is, concerning the recent appropriation
bill of tho city Of Charlcston:
"Iho bill - appropriate money tC