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COLUMBIA. Friday Morning, January 12, 1866. The Hf'quired Guarantees. The Tribune and other Republican papers, on behalf of their party, de? mand that new and satisfactory gua? rantees shall be obtained from the Southern States before they are ad? mitted to equal rights within the Union. In a recent article on this subject, it says "that the States lately in revolt are to be restored to all their forfeited rights and privile? ges is undoubted; but what safe? guards shall be provided against future rebellions ? This is the ques? tion that puzzles the party in power, and in the effort to answer it satis? factorily to themselves they are put to their wits end. They are prolific in suggestions, and pile safeguard upon safeguard, guarantee upon gua? rantee until they themselves might well be confused and bewildered with their demands. The imperious aud dictatorial manner in which those organs of a faction speak to eight millions of American citizens re? quires no small amount of toleration to endure. Here is a paper that re? fused to be bound by the guarantees of the Constitution, and which allied itseli to a faction that denounced the Union as a league with death and a covenant with hell, calling for gua? rantees from a people whose towns have been burned to the ground, whose dwellings are heaps of smaul dering ruins, whose plantations are laid waste, whose labor system is ut? terly destroyed ! Guarantees de? manded by a journal which scoffod at the most solemn of obligations, and which insisted that there was a higher^w than that of the Constitu? tion ! \Ve were told that the late conflict was a war for the Union, and and we had supposed that no other security would be required but its restoration; but now that it has been restored there is to be no end to the exactions. If the Southern people had been guilty of any crime against Constitu? tional freedom, if they had struck down freedom of the press, liberty of speech, habeas corpus, in a word, civil and religious rights, we would be jus? tified in adopting such a course, but tr^ie to the gre:?? charter of freedom as when their fathers, the men of '76, fought for self-govern? ment and independence against the mother oountry. They remained in the Union until they were assured that there was a rapidly increasing party in the North inimical to Jieir rights, until they saw that the securi? ties which they had obtained for their protection and the protection of their property were assailed by this domi? nant party, and until every overture for a compromise was indignantly spurned. In our estimation they re? mained in the Union longer than they were bound by the terms of the com? pact, for that compact was nullified by the passage of the Personal Lib? erty Bills in nine of the Northern Legislatures. Had they made the issue at that time, the Confederate States might to-day bo a recognized republic-a new member in the family of nations. But it was fated other? wise. A Union which represented at one time the free will of all its mem? bers, has given place to a Union pin? ned together by bayonets, and "the just powers," which we were told de? pended upon "the consent of the governed,''--have been superseded by the despotism of a party. Having, s^wp^Said, scoffed at the most sol of obligations, this party now demands guarantees-"safeguards" against "future rebellions." Why, what stuff is this? Is the South to have no safeguards, that its rights of property in peace as well as in war for we believe belligerents lui ve rights of property-shall not be violated or interferred with? What security has it that this dominant minority, if they should take it into their heads to strike at other rights of tho South will not repeat the outrages which brought on the war ? Wliat guaran? tee will it have that the Puritan ideas of right and wrong will not be forced upon its people ? Safeguards ! Have the defeated no rights? Is the restora? tion of the Uuion to bring with it no tsaeurities, no safeguards for them ? As the New York Metropolitan Re? cord justly observes there is only one way by which this controversy can be ended, ??.nd that,is by establishing ??Jae Constitution in its entirety, with ill its guarantees and safeguards. No other can be justly required. As for j the perpetuity of the Union, that j must depend altogether on the future; j and we are of opinion, that before j many years shall elapse, the New j England States will be very glad if they are permitted to secede peace- ' fully. Guarantees piled as high as Olympus will not save her against free trade and the overthrow of a one-sided, partial legislation, for the maintenance of which the great ma? jority of the people are unjustly and heavily taxed. A combination of the West and South for the protection of their agricultural interests would materially lessen the value of the Union in har eyes, and we should hear something more of State Rights and State Sovereignty from that quarter than wo have heard since the Hartford Convention, and the,time when the Yankee States protested against tho transit over their soil of an American army against their here? ditary enemy. Politic? and Religion. The "war clergy" of Philadelphia and J. W. Forney, of the Press, are at loggerheads. The spectacle of the radical A?tecii of the Press and the Chronicle being torn and mangled by his own peculiar "blood hounds of Zion," is most refreshing to all honest men. Maj' the contest be long, bloody and exhaustive! Forney advertised, a short time since, a Sunday edition of thc Press, and by printing politics on the holy Sabbath, impudently poached and knowingly trespassed upon the domains of the political and war clergy of Philadelphia. They were willing to allow Forney six. days out of seven within which to turn political summersaults, but having dedicated the Sabbath to the preach? ing of political sermons, and to the advocacy of li nging and confiscation, they claimed a monopoly of that day for their own exhibitions. That was their favorite and selected day for hunting "rebels" and denouncing the ungodliness of treason, and they therefore greeted the Sunday Press with a howl of sanctimonious jealousy and hypocritical piety. Forney, how? ever* persists in running his opposi? tion line, despite the angry protest? of clerical stump speakers, and the din of their combat waxes louder and louder, and more and more hideous. If the contest lietween these hawks and vultures could end in the exter? mination of all the parties toit; if the fate of the belligerent cats of Kilkenny was to eventually wipe out Forney and the "blood hounds of Zion," there would be great cause for return? ing thanks to a wise Providence. But as no such good fortune is probably in store for chis unhappy nation, we feel constrained to take sides with Forney. It does not be? come men who have again and again desecrated the Sabbath, by preaching the most violent, barbarous and inhu? man doctrines, to object to the pub? lication of a political newspaper on Sunday. Do they not, Sabbath after Sabbath, puliusii from their pulpits the mosif danger ons aud radical politi? cal heresies? Consecrated, ordained and set apart to preach mercy, for? giveness, good will, tolerance and brotherly love, do they not advocate the infliction on the Southern people of punishment virtually as terrible as those which the Holy Inquisition once visited upon heretics? Sabbath after Sabbath, many of the men who are now denouncing Forney for pub? lishing a Sunday paper, have for years deliberately inflamed the passions and prejudices of their flocks against their brethren of the South on that very day. _ TUe New Tori* Daily News. This admirable paper in its greet? ing to the public for eighteen hundred and sixty-six, bases its claim for general patronage on thc ground that it has, through years of strife, ever been a fearless advocate of the sanc? tity of the Constitution. We not only endorse the justice of thc claim, but is gives us pleasure to add, that, in uo journal published in the North? ern States have we ever Lad the earnest, honest, consistent friend that the New York Daily Neus has ever been, and is now, to the South. In Western Texas the planters, farmers and freedmen generally, are making contracts for this year, which are satisfactory to all parties. In central Texas, the prospects are not so good, and the planters are dis? couraged, the freedmen refusing to make contracts. German emigrants are arriving in strong force in Louisiana and Mis? sissippi. i Tile President Attacked by a, Radical Paper. The following utterances of a fa? natical radical give assurance that the President not only means to stand by his policy, but by Ids friends. All others must get out of office : We recently published tho state? ment that the President had given directions to the heads of depart? ments to make no more appointments at present on the recommendation of members of Congress. It is well un? derstood that this order originates in the opposition of Congress to the President's reconstruction policy. The question arises, therefore, whe \ ther the President is prepared to use I the Executive patronage as a means ! of persuading Congress into aban? doning what they deem to bc their duty, and submitting to his dictation. Such a course would introduce into the President's policy the combined ' elements of treachery for his parly, j bribery for its representatives, and j contempt for its principles and power, j Tiie policy uf regarding the Federal ? patronage as the spoils of the party : is but another mode of expressing : the political axiom that the same ma? jority which elects the President ; should exercise and control tue offices [ to which he has the appointing power, j so that for the lower, as well as the ? higher departments of Government, the same majority shall rule. But in no party, and under no Government, j has the doctrine been accepted that ; when the Executive elected by ?1 popu? lar majority is so unfortunate ?is to place himself in opposition to them, he may use the whole patronage of the Government, which, of right, be? longs to them, to coerce the majority into the views of the minority. In principle, we see very little difference between thc lobbyist who waits in the ante-chamber with presents of rail? road stocks, mining shares, or green I backs, as compensation for a vote in Congress, and the President who withholds or distributes offices to a Congressman's friends for the same consideration. The most insidious advances toward such a policy should be spurned by Congress in thc; most emphatic manner. The people will sustain them in refusing the Execu? tive bribe. Ii' the President's policy, either as to the time when, or the terms upon which, the States should be admitted, or the portion of their i people te whom the suffrage should bc extended, be reasonable, safe or wise, the fact can bc impressed upon the minds- of an intelligent and pa? triotic Congress by more worthy and respectable arguments than the coer? cive withholding or the corrupt grant? ing of Federal patronage, based on a log-rolling and essentially criminal agreement as to the mode in which the representatives of the people shall vote.-Chicago Tribune, 30/7/ ult. j But the point that tho J?vc5ltleiit i makes is, that he tv,?7, in any other ? mode, impress his views upon the I minds of Congress. They don't up ! precinte any other kind of argument. BEN sim" BEATEN AGAIN.-It hav? ing been announced some day-1 .siiice that Edwin Booth was to appear at Winter Garden Theatre, the New j York Herald, whose quarrel with the I theatrical managers has proved in ; jurious to itself in every respect, took j occasion to denounce the managers i as guilty of a grestt blunder, not to ' say crime, in engaging the brother of an assassin, and to predict that New York would show them that she would not countenance such disrespect to the late President. Bead the result : "This favorite tragedian, after an absence of over nine months from the j stage, re-appeared last evening at the j Winter Garden, before one of the most brilliant and distinguished audiences ever assembled within the walls of a theatre in this city, and the ovation lie received was such as has I never beeu accorded to any actor in : America. I "This may bc justly regarded as I the brightest triumph of Iiis career, i and will give him every assurance that i a generous public is determined to sustain him against the dastardly attack of the Herold and ks attempt to destroy his reputation and profes? sional prospects. His triumph is that journal's proper rebuke, and must satisfy the public that all its efforts to do injury hereafter will prove as futile as iu this instance." Alas, poor Bennett. [New York News, Alli, EDITORIAL VALEDICTOBY.-The fol? lowing farewell address of a Western j editor to his readers is not a bad hit of what is called freedom of the pi ess. Each individual freedman will give you perfect liberty to contradict and controvert the notions and opinions of everybody but himself : "The undersigned retires from the editorial chair with complete convic? tion that all is vanity. From the hour he started his paper to the pre? sent time he has been solicited to lie upon every given subject, and can't re? member ever having told a wholesome I truth without diminishing his sub? scription list, or making an enemy. Under these circumstances of trial, and having a thorough contempt for himself, he retires in order ty recruit . his moral constitution." Sixtv^Kp hoimcides occurred iu No'? IftwV' 1805. ! Wathington IV ev*-? and Rumor?. lt appears that the thirty thousand dollars appropriated this winter for refurnishing tho White House has been exhausted by the payment of bills contracted during Mr. Lincoln's administration, and that another ap? propriation must be made to render the Executive mansion presentable. Senator Doolittle has prepared an elaborate speech Li support of the President's poliey, which he will soon deliver in the Senate. Members of Congress arc already arriving freely, and the notes of ac? tivity, of fresh bills, new amendments to the Constitution, and new projects for relieving the Treasury of its sur? plus, are already plainly visible. The ! restoration question, however, will no ! doubt be the first thing in order. Tennessee occupying the foreground, and being the first to pass the ordeal. Senator Doolittle will make an able speech when the question comes up iu that body. Some of the negro population ol the city are indignant because of tho fact that the President left them te I gaze on the wall nd furniture of his ! reception room on New Year's day, I instead of ou the Executive himself, j The negroes, it appears, were left I until the last before being "pre? sented," but the President had be j come too weary from the hand .shaking : of the day to receive til em, and retired to his apartment. It is not at all probable that the President intended any slight to his colored friends, though certain mischievous peopl? I are endeavoring to make it appear so, I I am told that parties at thc South, who have been in the employ of tin Treasury Department, but who have received no pay for their services, ot the ground that, they could not take ; the "test oath," intend to press theil ; claims upon the Government, ant j will use the pay of the Provisiona ' Governors as a precedent for th? j validity of the amounts due them. I ' is true there was no warrant for tin payment of the Provisional Govern : ors, several of whom wert; unable tc take the oath; but since Mr. Stantoi I has confessed that they have boei j paid. Mr. McCulloch will have to d< I something to satisfy his own agent; ! as well. George L. Little, Esq., a Specia Agent of the Treasury Department i wiio has recently returned from ai I extensive tour through the South reports that he iinds as much moue; in ; he hands of Southern men now a was ever before possessed by them j Northern speculators are nunieron ! in most regions of the South, an ! have been and arc. now purchasin largely of the Southern staples, a well as of landed property, thu placing in the hands of the peop] immense amounts of ready money. Senator Trumbull, just previous t I the holidays, gave notice of his intel j ttoti to introduce a bill, wh?p*? he hi i since divided into two, and will s"l ! mit them to the Senate to-morrov One of them is to enlarge the powe: of the Freedmen's Bureau, and.-tl other is to protect all persons in tl Uflited States in their civil rights, an furnish thc means of their vindie i Hon. The first provides that in tl insurrectionary districts, when, I State law or custom, any of the ch rights belonging to white persons a denied to negroes or mulattoes, < ! when they are subject to diff?re punishment than is prescribed f I whites, the officers and agents of tl Freedmen's Bureau shall, so long I such discrimination continues, ha I jurisdiction of all cases which affc I all such negroes or mulattoes, j It also provides for punishing, 1 ! fine and imprisonment, through t! j courts of the Fredmen's Bureau, ? j persons who shall subject a negro mulatto, in consequence or his ra I or color, to any other or diff?re ! punishment than is prescribed f I white persons, or shall deny him ai j civil rights which belong to the whi race. The judicial power convey by the Freedmen's Bureau, is to cea ; whenever the States where it is exe i cised are fully restored in all tin ; Constitutional relations to the Uniu The other bill is of a permano j character, to apply to all parts of t j United States, lt declares that t : inhabitants, of every race and cob without regard to former slave] shall have the same right to mal sue and enforce contracts ; to sue ; ; parties ; give evidence ; to inlier purchase, deed, hold and convey n i and personal properly ; to enjoy f ; and equal benelit of all laws and t I security of person and property ; I be subject to like punishment, pal '> and penalties, any law, regulation ? custom to the contrary notwithstai j in g. Other provisions of the bill ma j it a criminal offence for any perse i under color of law or custom, to ( : prive of any of his equal civil rigl j and immunities, gives the Unit I States Courts exclusive jurisdiction ! the cases of all persons thus d i criminated against and all offene committed against the provisiona this Act; makes it the duty the judicial authorities of t United States, aided, if necessary the military forces, to execute 1 same, and provides all the machine for making the bill effective. Nea; all the provisions of the old fugit: I slave act are incorporated with t bill, and the statute originally fran ' to keep men in slavery is now revii j to secure their freedom. The sevi I penalties once imposed for aiding n ' to escape to freedom are now to ! imposed for trying to keep in slav? those who have just issued tho from. J r Tb? Empire of Maximilian-An In. terestlng Strtcmrnt. We clip from the Paris (7th ult.) correspondence af the Louisville Journal, the following paragraphs, which may be classified as "impor? tant, if true:" j "The affairs of Mexico have come at bust to the crisis anticipated by j wise men from the first, but not ant' cipated even by them to take place su soon. The difficulties which have arisen between thc Court of ta Tuillcries and that of the Emperor Maximilian, with the bold determina? tion of the American Government ! with regard to Juarez, have renewed i the rumor of the secret treaty ol ? Miramoar, which empowers the Em I peror to withdraw his troops at anj time from Mexico whenever Maxi ! indian's payments should be tw< I months in arrear. i "The pretext would be curiom enough ou the part of a power wbicl prides itself on conciliating for ideas alone. Louis Phillippo, whose sys tem differed from this ideal one o Louis Napoleon, declared the country rich enough to pay for any amoun I of glory it might choose to purchase ; But, in this ease, tl ie pretext will b< seized without scruple by the Em peror, who, in presence of the irrita I lion displayed by the United States j is resolved to avoid a further compli i cation ot" the difilculties amid wbicl he has so thoughtlessly rushed. Tin j cause of the coolness between tin . two Emperors is the refusal by Maxi millan to receive as Minister o France the invaluable treasure sen him in that capacity in the person <> Mr. Langlais. "Maximilian, whose whole life ha been spent in dodging his duns, i scarcely green enough to confide hi purse itself to one of his most urgen creditors. Tile message from th United States, of which Genera Schofield is undoubtedly the bearei whatever the agreeable journals ma; declare to tht> contrary, has cause the greatest ire atCompieg'ie. Max: milian has given orders for th evacuation of the Northern an Southern portions of the empire, i order to remaiu as true as possible t i the family tradition of the quadr j laiere. "The E?npress Charlotte, whoi journey to Europe is ostensibly occi sioned by tue wish to visit her fath< in his dying state, leaves with til j greatest regret; but Maximilian c 1 beholding tho war of exterminatic j which is now commencing bo twee ? insurgents and tl ie Imperialists, i \ the natural consequence of all th; ' has gone before, insists 0:1 placii i his wife ont of danger. The Pat ?journals are strictly forbidden j speak of Mexico, and yesterday ti i office of Tlie Temps was visited by tl j man in black, in high dungeon : what he termed the "indiscretioi j of which that paper had been guilt} "i ile: .Hi i ?.U ii? Ij4j.i1 yji r.li,j rtt.lgni \ cient jewels belonging to the Einprc I Charlotte, nuder pretence of altei ? tioii and repairs, has givciii rise to : j sorts of comments. People say til a certain great financial linn has be induced to lend a considerable si: upon the imperial coronet, which w composed of the whole of the weddi i diamonds of the Princess Louise, a ? which was all the dower Ki Leopold ever got with his wife. KENTUCKY.- The Frankfort corr j pondent of the Louisville Demoa I says that Governor Bramlette 1 ? sent in his approval of tho bill i pealing the expatriation act, u ladds: "This was not looked for. j seemed generally understood that I would return the bill with his ve I He had intimated as much to me I hers. Be it said to his credit tl i upon looking into the matter a I carefully considering it, he beca . convinced cd' the propriety of i ; repeal, if not of the unconstit.ith < ahty of the act." The Governor has a clea" he; ? and upon the "sober second thong] ! generally arrives at correct cone j sions; and we will do him thc just I to say that we do not doubt but t I he always acts from his honest c j victions of right. I Upon the announcement of his. proval he was greeted by an invol tory round of applause by the Hov The work of restoring the State the old order of things goes brav ou. There will very soon be evidences of the terrible war throi which we have passed upon the ; tute books. Let everything be : given and forgotten which is pleasant. NEW COMBINATION.-We are formed that Fernando Wood : Horace Greeley intend to visit Wi ington within the next ten days the purpose of securing the appo menc of a Collector for this p This is a strong team.-New i Herald. A HUGE STEALING OPERATION. is stated that John Scott, the col loan agent of the Confederate Govi ment, on the surrender of Gen Taylor, tinned over to General Ca 120,000 bales of Confederate Gov. mcnt cotton, with his lists, books accounts in perfect order. The Mo papers say that the cottoD has all g some where, and that ali the Govi ! mont has received is about 10 bales. The Government is now I in endeavoring to find out who the cotton-with not much sue as yet. The sheriffs are selling large 11 I hers of plantations in Louisiana . debt and taxes. J Local Items. Advertisements, to insuro insertion, should bo handed in by 4 o'clock p. m. "THE CODE."-Tho Acts paused by tba Legislature relativo to tlie freedmen, for sale at this office. Trice 20 cents; by mail 25 cents. CASH.-Our terms fir subscription, ad I vortising and job work are cash. We hop? all parties will bear this in mind. TUE BUHNTNO or COLUMBIA.-An inter? esting account ol the "Sack and Destruc? tion of the City of Columbia, S. C.," has ust been issued, in pamphlet form, from I tho Photiiz steam power press. Order? i can be tilled to any extent. NEW ADVERTISEMENTS. -Attention ia eall tcd to the following advertisements, which arc published this morning for tho first time: Ordinance to raise supplies for 1SG6. ( len. Ely-Special Order No. 5. Thos. Flannigan-Boot* and Shoes. Davis A Co.-Prv Conds. New Buggy for Sale. Miss L. A. Sims - Scholars Wanted. Parker A Fripp-Liquors. F. Lance A Son -Furniture, Ac. J. G. Gibbes-Mules and Horses. A DEFUNCT BANKER ON BANKING. The following examination of a de- . funct banker in Cincinnati shows to what extent the banking business can ! be carried on on "borrowed capital," or, in other words, on the deposits of those who take no pains to ascertain the stability of a concern with which they trust their funds. The banked, in the course of his examination, said: "I have been in thc banking busi? ness since December. 1851; I first entered the business with between ten and twenty thousand dollars 'bor? rowed capital;' I had no money of my own invested in the business; the 'borrowed capital1 was in the nature of deposits by several parties; I do not know what amount of capital I had invested in the business in 1860, j or from that time to 1865; I do not know whether my assets were greater than my liabilities at any time be? tween 1860 and 1865; I never balanced my own books; the book-keeper did it; I never examined my own books except in a general way; I never asked for a statement from my book-keeper of the condition of my business; I learned the condition of my affairs in September, 1865, by the excessive losses I had made in the purchase of gold and stocks; the amount of my losses i u myg' *" "id stock opera? tions was between three and four hundred thousand dollars; in my operations, I used the money of others as well as my own : I do not know how much of my own money I used in these operations." SOMETHING ABOUT STAMPS.-The contract for furnishing the stamps was given 1861 to thc National Bank Note Company, which now annually supplies 220,000,000 more stamps than in the first year of the contract. Duriug 18G5, so far, the Company has furnished Government 400,000,000 stamps, ?.nd the demand has fre? quently exceeded a million and-a-half per diem. The following will be read with interest : The largest number ever delivered in one day being 5,923,895. The consumption of stamps of different values may be understood from a statement of the proportions manu? factured in the month of March last, when there were delivered to Go? vernment of : 1 cent skimps, 175,200; 2 cent stamps, 11,477,250; 3 cent stamps, 85,933,550; 5 cent stamps, 275,340; 10 cent stamps. 10,100,640; 12 cent stamps, 322,900 ; 24 cent stamps, 4S0.300; 30 cent stamps, 140, 650; 90 cent stamps, 19,490. Total, i 102,926,630. I The value represented by these i stamps is $3,207,199.50. The same writer says that the entire number supplied by the National Bank Note Company up to the present time is one billion three hundred millions. To meet a demand so vast, the presses are sometimes run night and day, and to avoid error in accounts, a daily balance of the busness is struck. In furnishing this immense number, representative of a value of $10,000, 000, not a single lo?s involving censure to the Company has occurred, and the stamps ure printed, per forated, gummed and packed delivery from the Company's o ajl the United States post o 12 cents a thousand. PROGRESS OF THE NEGROES, GINIA.-The Washington corre ent of the Cincinnati (huelle thus describes the social and mental eleva? tion of the Virginia freedmen: "Some three hundred of the freed? men in Elizabeth City, Virginia, have formed a combination, and have con? cluded negotiations for tho purchase of a large and valuable estate in that county, "paying for it thirty thousand dollars in cash, which amount they have in hand as the result pf their savings. Through all this section of Virginia there is a most liberal spirit manifested toward freedmen, which is mainly due to tire enlightened teachings of Senator Segar and a few other loyalists. "Tho large and valuable building in the vicinity of Fortress Monroe, known during the war as Hampton Hospital, ha? been* pmvliased 1 Northern contribution, and"*?! used as a freedmen's college. Business is declining in ? leans, and stores have been ?ess Limn the bricks were wort