The daily phoenix. (Columbia, S.C.) 1865-1878, May 29, 1866, Image 3

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Hrn?t?? or N?w York. SEW YORK, May 27.-The city i? remark? ably healthy. AU fear* of choiera have vanished. - General Robert Aud>rson is seriously ill. I JU in ?-usc Conflaf.grai.tion at Oil City. OIL. CITY, May 27.-Half the business ' portion of the city is in ashes, including eight hotels, seventy-livo stores, forty dwelling houses, churches, ?te. Loss, $1,000,000. Latest from Karo pe. NEW YORK, May 27.-Thc steamship City of Boston has arrived, with Liverpool dates to the 17th instant. Cotton weak. Bales for the two days previous to her departure, 13,000 hales. Middling uplands, :3@13Ad. Consols, 86{@87|. United States 5-20%, G5K&66. The war question remains unchanged, though the chan.'rs for peace are im? proving. More failures aro reported. In both houses of tho British Parliament, the bombardment of Valparaiso had been noticed in terms of indignation. The nou tral attitude of the British Admiral was fully endorsed by tho Government. The English press and people loudly denounce the action of Spain. An indignation meet? ing had been held at Liverpool, and strong resolutions of protest adopted, as also re? solutions expressing gratitude for tho ac? tion taken by Commodore Rodgers, of the United States Navy. Congressional. WASHINGTON, May 26.- The Honso de? bated the tax bill at great length, and nearly concluded its consideration. In discussing the question of the appoint? ment of Special Commissioner of Revenne, Stevens moved an amendment, providing for the election of that officer hy Congress, instead of being appointed by the Secre? tary of the Treasury. Ue made a violent onslaught upon Mcculloch, because that officer had said that he would not appoint any opponent of the President's policy. Stevens denounced Mcculloch as a re? creant tool of a recreant President. A sharp discussion ensued, without action on the amendment. House adjourned. It is stated that thc Senatorial caucus has failed to agree on tho constitutional amendment as reported from the Com? mittee. It is considered practically d sad. LATEB.-In the House, on j'ester-iay, the tax bill being under discussiou, Mr. Stevens offered an amendment proposing to take from the Secretary of the Treasury the appointment of a special Commissioner of the Revenue, and lot that officer be elected by Congress. He remarked that the amendment was offered because the Secretary had said he would appoint no mau to office who did not support tho Pre? sident's policy. That it was time to build a wall to protect those who supported the United States-and that tho Secretary was the recreant tool of a recreant President. Hale (Republican) reproved Stevens, and showed that Congress bad no such power of appointment. Denna (Republican) defended thc Secre? tary, whom he said was not a slave, and was not to be prevented from expressing his sentiments. He asked if the Secretary could not dare to have an opinion of his own, and whether Congress was to square its opinions at the dictation of au indivi? dual. It was just such acts as those of Mr.-Stevens that were creating a vcr}' bad sentiment throughout the country. Stevens, thus discom?ttod, withdrew Ins amendment, but gave notice that he would renew it on Monday. Additional from Esrope. NEW TOKE, May 26.-European advices Of the 16th have been received by the ? steamers Saxonia and America. Cholera has appeared near thc depot of Bankhall in Liverpool. The number of deaths is increasing. Dr. Ross and three emigrants died on the steamship Celvetia. Tho European Congress is again moot? ed. France will join with perfect disinter? estedness. La France says many diplomatic notes have been exchanged between the Cabi? nets. The idea of the Congress is to be limited to the consideration of the pending question. IM Opinions says: If a formal proposal should be made for an European Congress, Italy could accept on two conditions, viz: that she may remain armed, and thai the cession of Venetia be included in thc pro? gramme of Congress. These conditions are essential; but war is imminent. Military preparations continued. Darm? stadt has boen placed on a war footing. The Prussian Ambassador said hu should leave immediately, in consequence of the Austrians occupying the frontier. Bohemia, Silesia and Parma have de? clined the settlement proposed by Austria in reference to the Duchies. It is reported that Prnssia has summon? ed Hanover for warlike preparations, and and announced her intentions of occupy? ing her military roads. The latest Berlin despatch says a treaty of alliance has been signed between Italy, Prussia and the Cantonments, forming Leechfield and Nnromburg, for the Bava? rian army. Garibaldi has accepted tho command of the volunteers, declaring the hope to co? operate with the glorious army of Italy, and accomplishing the destinies of nations, A Trieste ielogi tktii aa.) a the Italian squa? dron has taken position in the Adriatic, closing tho Gulf of Trieste, and threaten? ing Viennese, Trieste and other ports. The garrison from Vienna departed for Bohemia. 22,000 Austrian troops have been sent North. The Austrian-Mexican Legation has been disbanded. The Bank of England refused to make advance on Consols. The London Shipping Gazette, of the evening of the 15th of May, announces that the Bank of England raised the rate of interest for advance on stock to twelve per cent. In consequence of thu groat pressure for assistance in this shape on : speculative accounts on stock exchange, i the demand for discount accommodation j was active at the bank. The directors are ! striving hard not to infringe the charter ; by taking advantage of the power granted I them by tho Government. Hallett, Omanney & Co., hankers, and i Griffith * Bunton, stockbrokers, have sus- I pended. THE FENIANS.-From January to i the time of the Eastport fiasco, $180, 000 were received by O'Mahony, of 1 which #50,000 were sent to Ireland; j tho remaining #130,000 have been spent here. The Detroit Post says that all that j is left of the Fenian navy is "the tua o? war" between the factions of that brotherhood. It is believed that the telegraph can be constructed through Siberia with little trouble, because the Poles are already on the ground. An Havana correspondent describes the Island of Cuba as "the land of i the ?va and the home of the slave." * The -Burnlutf of Columbia. j EDITORS CIIARLESTON NE\7S; An I erroneous report, by a' Northern^ re I porter, of tho "Sherman meeting in j Columbia," ha* been published in the i New York World, and copied into your columna. As you requested j and no ono has sent you an account r bf the meeting-I take leave to give you a correct report. Upon the Chairman announcing Oie object of the meeting, I offered the following preamble and resolu? tions: Whereas Maj. Gen. W. T. Sher? man, U. S. A., who gained for him? self, by his systematic employment of the torch in the war upon the South? ern people and their homes, the well merited title of the Great Incendiary, has attempted to shirk the responsi? bility of the infamous act of burning Columbia, after being surrendered to him, and iu the actual occupation of his army: Resolved, That a committee of twenty-one citizens, who were present at the conflagration, be appointed to collect affidavits of evidence thereof; and that said affidavits be deposited among the archives of the city for future use. Resolved, That tho committee of twenty-one he authorized to prepare a carefully condensed synopsis of the evidence, and publish it to the world, certified by their names. I stated that it would be impossible to give extensive publicity to the vohmiinous evidence which would be collected, but that a short synopsis would be widely copied by the press, while the affidavits would be pre? served until the proper occasion oc? curred for using them in a legal point of view. Colonel McMaster objected to the preamble, as prejudging in advance of the collection of evidence, ami said it should be remembered thal the people of the North looked upor General Sherman as a great soldiei and honor to his country, who had done more than General Grant tc bring the war to a close; that he wai entitled to have the evidence against him adduced before condemning him Mr. Talley took a similar view, ant so dbl the Hon. E. J. Arthur, win offered a substitute, simply proposinj a committee to collect testimony am report to a subsequent meeting Other resolutions to the same effec were offered by Mr. F. G. De Fon taine. Not convinced by the technical ob jections of these gentlemen of th bar, I still replied that my object wa not discussion on a matter upo: which all agreed; that in the pream ble I had simply explained, in a fe' words, the object of the meeting that, in stating propositions know and believed by all of us, 1 did nc consider that I was denouncing Ger Sherman; that I thought 1 was draw iug it rather mild on the General i alluding to him so gently; that th preamble was not absolutely necc! sary; so, for the'reason above givei I asked leave to withdraw it. Dr. YA Reynolds objected, but I iusistei and it was allowed. Mr. Arthur resolution was then adopted, as fu lows : Whereas it is highly important 1 the truth of history that the circus stances attending thc destruction < the city of Columbia, on the 17th < February, 18G5, should bu fully ai impartially investigated, and the o\ dence in relation thereto collect? and perpetuated while tho facts a still fresh in the memory of witnesse be it, therefore Resolved, That a committee twelve persons be appointed 1?3- tl Chairman to ?collect the testimony relation to the destruction of ('olin bia at the time aforesaid, and repo the same to an adjourned meeting the citizens of Columbia and of Kio land District, to be called by t chairman of said committee when maybe prepared to malee such a i port. Under the above resolution, t Chairman appointed tho followi named gentlemen: Chancellor J. Carroll, Hon. \V. F. DoSaussiu Hon. E. J. Arthur, Dr. John Fish. . T?T 1,.1 a.. T \ TV TT rr? XJx. vt LU. xteyuon?o, UT. 1J. xx. J. re; vant, -Dr. A. N. Talley, Prof. W. Rivers, Prof. John EeConte, Col. T. Sloan and Col. L. D. Childs. In common with his fellow-citizei I am unwilling that an impressi should be made that ' 'resolutions vi dicating Hampton, and indirec fastening the blame on Sherm* failed"-no such were offered. Win Gen. Hampton is so well known his noble integrity and unsullied cl racter, the idea is preposterous. As I took part in the initiation the proceedings, I am not willi that the published report should forth without correction. 1 am, p haps, entitled to a word in 1 premises, as I saw my reside] sacked, pillaged, ami deliberately on fire by Sherman's sedier soldat ami when I remonstrated with th for burning a house lilied K ith won and children, tln^y shouted and joe atnie: "Quifac? per olios,facit se.*' J might even b? pardoned w I to denounce the barbarous and vt tou destruction ?>f my literary, sci tifie ami historical treasures-the soeiations ?>f my life-and being rn ly driven into the streets, with ?laughters and grand-children, wander though Sherman's pitil fire-storm and licensed soldiery I prefer to leave him to his conscii and Iiis God. I wouhl, however, when Mr. B ?;roft studies tho truth of biston the evidence of our committee, gagfiBBBBi i -ii SS perpetuate it, commend to him the following recent poetical tribute to tike Greed Incendiary of the Age: "The o ac rod laurel, need of hero-praise. Would wither, scorched upon a brow like his." , Respectfully, TC. W. GIBBES, M. D. CoLUKniA, S. C., May 21, 1866. P. S. I trust the New York World will copy this. It has ever treated tho subjugated South with justice and a fair consideration. RUNNING DOWN.-There has been, under the Republican domination, says the Cincinnati Enmdrer, tho most utter audfcomplete degeneracy in tho material which composes the United States Senate. Formerly that body was composed of statesmen and men of talent. It is now mainly made up of small local politicians and petty demagogues, who have slight ability and small experience. Only think of Sumner and Wilson being in tho place of Webster and Calhoun, and Wade in the plaoe of Thomas Ewing! The pigmy Henderson is in the seat once honored by the giant Benton, and Gov. Morgan, of Now York, essays to fill thc vacancy of Silas Wright. Every change seems to be for tho worse, even among thc Republicans themselves. Tho Con? necticut Legislature has lately nomi? nated Gen. Ferry for United States Senator, in place of Mr. Foster, who ia now the acting vice-President. Foster is a man of some dignity and ability, with long experience, while Ferry has no qualifications for the post, that anybody knows. He has been in Virginia ns a sort of military dictator, where his proceedings have been characterized by contemptible tyranny. This, probably, is his merit in the estimation of the radicals, and has led to his selection. Thc Washington correspondent of thc New York Times snj-s: "A pro? minent person, who has just returned from the South, says arrangements are now being made by prominent Democrats to secure the representa? tion of the eleven Southern States in the next Democratic Convention. Very many of the leading politicians North and South have held a consul? tation and laid ont thc work. Fer-1 nando Wood is the chief spirit in the movemeht, and expects the nomina? tion for vice-President. General! Sherman is named for President. -???? . . j LOVES OF BONNETS.- . r now bonnet is ont-a common ito hand? kerchief passed over the of the head and tied under the throat, with a wreath of roses in tho shape of a horse shoe on tho top. So says Madame Demorest for Muy. A dentist in Philadelphia says he has administered nitrous oxide gas to more than 30,(K)0 persons, of from three to eighty years of age, and has never known any bail effect to follow its use. It is equal to chloroform as an ancetehetic, and is believed to be safe. According to M. Chevalier, the use of opium in England is increasing enormously. In 1S45, the consump? tion was 38,320 pounds; in 1863, it was 1-44,213 pounds. Some of the Massachusetts repre sentatives in Congress have boen dealing in confiscated property and speculating in cotton largely. So says tho Boston Post. A "philopcenist" of New York enumerates among the other causes for the increase of crime, tho periodi? cal issue of gorgeous fashion plates. The office of the sheri tl* of New Orleans, to which Gen. Harry T. Hays was recently elected, is said to be worth $50,?U0 per annum. It is said that the sub-ageucies of the Freedmen's Bureau are consid? ered as being worth moro than the President's salary. Dr. Barbier, a Loudon physician, affirms that ground coffee possesses some remarkable properties ns a dis? infectant. 1,950,278 pounds of cheese were exported from Wellington, Ohio, in 1805. They expect to export 2,000, 000 this year. $15,000 were realized by the Wash? ington Artillery ball, in New Orleans, for the disabled members of the i corps. An Indian farmer .last summer j raised $500 worth of tomatoes from loss than one quarter of an acre of | ground. In three instances at Hartford, Connecticut, recently, the heat of the sun has set oily cotton waste on tire. Mr. Pritchard has retired from the Agency of tho Associated Press at Augusta, Ga., and Mr. P. Walsh takes his place. C?en. Howard is reported lo be ! considering the propriety of resign? ing his position os head of tho Freed men's Bureau. Gen. Brown has ordered all freed- ' men's courts in Virginia to adjourn until further notice. ' It is estimated that the shipwrights' j strike in Now York entails a loss of $5,000,000 on that city. Berlin is to have a new Parliament : House. Its cost is estimated at $1, 125,000. The new Masonic building at Bos? ton Mas?., will cost about $400,000. and will be dedicated Juno 24, 18f.7. A counterfeit t wenty-dollar note j on the First National Bank of Port land is afb it SAXONY THE BAT^LE-)=3JBIJ> OF GBR MANY.-The Paris Temps observes that for centuries past Saxony has1 been tho battle-field of Germany. From tho time of the Thirty Years' War to the last straggles under Na? poleon I., including the Seven Years' War, that country has seen all the armies of Europe come into collision on its territory. The last visit of the Prussian soldiers to Dresden AVES in 1840, but on that occasion they were invited by tho King of Saxony, -who asked for their assistance to recon? quer his capital from his revolted subjects. Dresden is almost within the grasp of Prussia, as the distance from Berlin to tho Saxon capital is but 120 miles, and may be reached by railway in less than five hours. The Prussian frontier is only twenty miles from Dresden. Saxony is bordered by Prussia on the North-east aud North-west, and Irv Austria (Bohemia) on the East an " South. The Aus? trian frontier is at Bodenbach, forty miles from Lresdcn, whilst Prague, tho nearest largo town of Austria, is 120 miles further. The King of Saxony, if ho has terminated his ar? maments, may have n certain number of troops at his disposal, but the fact is evident that he is not in a position to defend his capital against a sur? prise by Prussia beforo the arrival of Austrian assistance. Thero is aLso reason to suppose that in such a case Prussia would not leave to Saxony sufficient time to receive aid. The population of Paris is quite mixed. It is estimated that there aro never less than 2,000 Americans in that ? itv, and it is the permanent home of 30,000 Swiss. 00,000 English, 115,000 Italians, 100,000 Germans, and 10,000 Poles. The Parisians are engaged in various ways in improving their means of street locomotion, aud among them is a plan for running steam omnibuses. These run not ou rails, but on the common maeadem ized highways, and it is said can make excellent time. -?? ? M. Schlocsiug, a German chemist, | has succeeded, it is said, in discover? ing an arrangement l>y which ar. in- : tense heat, sufficient to melt iron, | ' can bc obtained from ordinary gas. Tho principle of his contrivance ia ; j the complete combustion of propor? tionate amounts of gas and air within : ! a confined space. A copper tube, j carefully pierced, is the chief iustrn- , j nient in soenriug these results. M. ? Schhesing was able to melt a piece of ? iron, weighing 400 grammes, in i twenty minutes. _ ^..^ _ j The Washington city papers speak : in high commendation of a 'Miss Minnie Ream, as a "talented young 1 artist of Cincinnati." They say: j "She is a clerk in the Post Office De . part nient. She has for two vcars ! past been a pupil in the studio of j (.'lark Mills, where she spends several i hours daily, after leaving her desk in ? the department, at which she works j from b o'clock a. m. till .1 p. m. Her i "Indian Girl," and some of her busts, havo been highly commended, and art critics say she is making remarka? ble progress in the profession." I The colored levee laborers at Mem? phis struck for higher wages yester? day, and attempted to parade the streets. The Freedmen's Bureau au? thorities, fearing another riot, caused tho arrest the strikers, and conveyed thom to the front. The great Washington door, tor the new Ca? itol at Washington, is being j finished at the Ames Works in Chico I pei-, Mass., where two whole years have been spent upon it. The State Department has received j information that Brazil has decided t" open coastwise trade to ships of all nations. Tn trans)limiting cabbages at thc North, it' the earth is dry a small ball of moist earth is squeezed on the roots of each plant. ? Messrs. O'Connor and Shea, coun? sel for Mr. Davis, arrived at Portress Monroe on the 27th. Then' are at present only 480 sol? diers in Georgia, and good order prevails throughout the State. Tho army rolls show that Tennes? see furnished 211,12o negro troops to tho Federal service during the war. A new 810,000,000 telegraph enter? prise is forming in New York-10,000 miles of wires to g?> everywhere. A legal wag calls his marriage certi? f?cate, strange to say, "a writ of at tain'd her." THE undersigned hereby gratefully ac? knowledges thc receipt of S1G0.2? from the Rev. Wm. Martin, being thc proceeds of the late concert maul of tho burnt Wash? ing Street Church. May 20 1 ll l>. SENN, Treasurer. OBITUARY. Died, at Live Oak. Richland District, May 15, I wwi, Mrs. HOBART i>. ll A NA? RAN. aged twenty-two years and four months. "There is hushed on earth A voice of gladness there is wil da face Whose parting leaves a dark und silent place Ry the once joyous hearth; A smile hath pass'd which ii I I'd the homo with light - Asotilwhi.se hetntv made that smile so bright. "But glory from tho dust, And praise to Him, the merciful, for those On whose brigid memory love may still repose. With an immortal trust! Praise for the dead who leave itt?, when they part. Sueli hope ti* she hath left 'the pure in heart The Grant House nt Franklin, Pa., was burned on the 19th, at ? lofts of $60,000. One woman is known to have lost her life, and it is feared two other liave beside. A writ of habeas corpus has been | granted, in Toronto, C. XV'., in the case of Fenian prisoners, and made returnable next week. The exports of gold to Europe, from New York, May 26, were 36, 000,000. Columbia Wno lea a lc Primo Current. | coaaKCTEn WEF.KIA BY A. L. SOLOMON. > " APPLES-Per bushel.*8 00 BAGGING- Gunnv, per vant. 35 Dundee " . 25 BALE ROPE-Manilla, per lb. 30 N. Y. or West'n, pr lb. 25 BACON Hams, per lb .25^30 Sides " . 22*. Shoulders, " _ 20 BUTTER Northern, per lb. 75 Count rv, " . 50 BRICKS-Per 1,000 . 7 00 COTTON YARN-Per bauch 2 50 COTTON-Ordinarv, per lb . 26 Middling, " . 34 Sea Island, " . CANDLES Sperm, ppr lb. Adamantine. " ... 30 Tallow, '.. 25 COFFEE- Rio, per lb. 35 Lagnayra, ". 45 Java, " . 50 CHEESE -English Dairy, pei lb 35 Skimmed, " . 25 CORN -Per bushel. 1 t>5 FLOUR - Super., per bbl .10 00 Extra Family. 13 00 HAY Northern, per cwt. 2 50 Eastern " . HIDES -Dry, per lb . 15 Green, " . .. 8 LARD -Per lb. 25 LUMBER- Boards, per 100ft. 2 50 Scantling, " . Shingles, per 1,000. LIME Per bbl. MOLASSES Cuba, per gallon ... r.2J New Orleans?-" 1 25 j Sugar House, "... 1 25 NAILS- Per lb . 10 ONIONS Per bushel . 1 00 OIL Kerosene, per gallon. 1 00 Tcrebeue, .. . Sperm, ". PEAS Per bushel. 1 50 I POTATOES Irish, per biu>nel .. . 2 00 Sweet, " .... 1 75 RICE Carolina, per bushel _ '.'00 East India, . SPECIE Gold. 35 Silver. 30 SALT Liverpool, per sack . 3 25 Table, '. . 4 00 Virginia or Coas!. SOAP Per bar.- 18 SUGAR ('rushed, per lb . 22 Powdered, " . 22 Brown, " .15(?&2Q SP!KI'IN Alcohol, per Kallon .... Cognac Brandy, " 9 00 Domestic '. " 3 00 Holland Gin, " . . 8 00 American 14 " 4 00 Jamaica Rum, " 6 00 N. E. " " . 3 50 Bourbon Whiskey, 3 00 Monongahela " 5 00 Rectified * " . . 3 00 , STARCH Per lb. 20 TEA -Green, per lb . 1 50 Black, " . 1 50 I TOBACCO - Chewing, per lb . .30 A 1 00 Smoking, " .50 * 75 I VINEGAR Wine, per gallon 75 Cider. " . ,. 75 French. . 1 50 ; WINE Champagne, per basket 35 00 Port, per galion . ... . 4 50 I Shurrv, " . 5 00 j Madeira, " . 5 00 : DOMESTIC! MA rt li KT. MEATS-Pork, per lb. 20 Beef, .I5<g20 Mutton, " . 12* POULTRY-Turkeys, per pair . . 4 0<1 Ducks, " . I 00 Chickens. " . 1 00 ^ Geese. " . 1 25 TO RENT, ASTORE 50x20. on Washington street, not far from Main street, with Conn ; ter?, Shelves, ?tc, complete. Will be rent? ed on favorable terms. Apply at this office. May 29 ?2* j BUTTER ! BUTTER ! ! BUTTER ! '. ! CHOICE COUNTRY BUTTER, at 40 cents per pound. Choice GOSHEN BUTTER, at Co cents \ per pound. ! Just received, and for sale by M av au J. it T. R. AGNEW. i - - ' --:- . TUB JOHNNY HEB. MINSTRELS Will mako their first appearance THIS (TTJKSDAY) KVKMSU. Performances commence at 8 o'clock.f For particulars, sec small bills. ST*Admittance il; children under 1 half price. May 29 A S tho season is advancing, the sub ^TJL scriber has decided to sell ott' the re? mainder of his stock of BLACK SLLK and BER AGE COVERINGS at ORIGINAL NEW YOltK COST. The ladies will please take notice, and give him a call, as he will in? sure them bargains. C. F JACKSON. May 2i? I White Lead, Linseed Oil, WUlOOWfiLASS.&e. 4) AAA LBS. WHITE LEAD 25, 50 J?,\J\J\J and loo lb. kegs. 2 bbl?. LINSEED OIL. 1 " Boiled 1 " VENETIAN RED. 1 '. SPANISH BLOWN. f.2 boxes French WINDOW (?LASS .all sizes. Just received and for sale bv Slay 29 j3 T. J. GIBSON. TO TAX-PAYERS. The Last and Final Notice ! ' MY LOOKS aro now open for receiving TANKS. All who have made their returns can now pay np; and those who have neglected to make their returns, will save the Collector the unpleasant duty of double-taxing them and placing executions in t ho hands of the Sheriff, by coming up promptly and making their returns and pay up, "as all good citizens have and aro doing. A word to the Freedmen: \ou have, I fear, been told you were not to be taxed. Take my advice, as an old man, and obey the laws of the State that tfives you sup? port and protection. We all belong to the State, ana are bound to obey her laws. Pav vom taxes like mon, without grum? bling". THOS. H. WADE, May 2t? T. C R. D., S C. COMMERCIAL AUD KIVAJiCUl,. MOBILE, May 25.-Hales io-day, soo bales. Market finn, with a fair demand. Middling, SOc. Receipt?* for the week, 2,59b bales. Stock ou baud, 42.407 bales. Gold, 39@42. - The commercial and ?nancial panic which bas arisen in England sud Franc? was foreseen and foretold by calm observers many weeks ago. An art ic ic in thc London Times sounded thc alarm of a cowing crash last winter, and gave su lking reason? for its views. Among these was tho fac? that British capital had been scattered over thc earth, and employed everywhere, in all manner of schemes and speculation!*,, and that credits bad been extended to au undue amount to all foreign Governments. Ac, iu l?e purchase of their bo??s ?nd other securities. Hie expansion of thc credit system was so very great that it must meet with a re-action. Now that the re-action has commenced, it is the opinion of men well acquainted with th? state of things iu England, that it will go very far, and produce a revulsion of unex? ampled severity. How it will affect the in? terests of this country is a matter of in? quiry- Our securities have been seul abroad, instead of gold, to pay for our im? ports. The exports of cotton-to tbs amount of $176,000,000, in gold, since last September-have also aided us to pay for imports. The price of cotton has declined. and may fall still further, and our old crops #lo nearly exhausted, while the now one is of poor promise. Of breadstuff*, wo have nothing to send out. We are com? pelled to draw upon European granaries for our bread, as we were in 1837. At least, we are importing cargoes of wheat and flour, because they are sold here at a profit. The prospect of our wheat crop tor this season is not good. This is the general tenor of advices from the West. Tims it will be seen that we are drawn to our five-twenties and other securities a* our chief means of paying for our imports. We have $400,000,000 in amount of these bonds now abroad. It is very possible tbat many will bc returned on account of tho pressure for gold which European wars produce. Wars are not carried on in Eu? rope with paper money. The experiment would not succeed long; and the hard money antagonist would deal the hardest blows. The present panic may subside, if tlie war clouds now so imminent shall pass over. But if war occurs, everything that will bring gold in the country wdl be sent over. The American securities will come back, at least to a large amount, and a vast quantity of goods and merchandize will come, aud be sold at. perhaps, half their cost. No tariff that is likely to be adopted would keep out these goods. Th* domestic manufactures could not compete with panic sacrifices and forced sales. The abundance of paper money, rendering gold useless, except for foreign exchange and duties, and interest on some portions of the debt, will cause the purchase and con? sumption of vast quantities of foreign goods at reduced, prices. Of course, under all these conditions, gold will run to a high rato in our money market. It is now ad? vancing, with some fluctuations, and it is known that large amounts are to bc shipped this week. Finally, if importations axe to continue at the present rate-and they will probably be iucreased iu amount-gold will become so scarce, for the purposes for which it will be needed, that it will advance to a high rate of premium. [ National ItUeUigencer. WKW ORLEANS, May 25.-Cotton un? changed. 2,300 bales were sold, at 36@S7 cents. Sterling, 5ti. Oold, 44. SHIP NEWS. PORT OF CHARLESTON, MAY 28. ARRIVED SATURDAY. Sehr. Dan. Smith, Garwood, Boston. ARRIVED YESTERDAY. Ship President Fillmore, New York. Sehr. Vapor, Bogert, New York. WENT TO SEA SATURDAY. Steamship Quaker City, West, New York. Sehr, (bilden Gate, Fnsbie, Philadelphia. Ur FOR CHARLESTON. British ship Ida LUv, at Liverp'L May 12. Sehr. A. F. Kindberg, at N. Yl, May 24. Sehr. Alba, at Philadelphia, May 24. Auction Sales. SALE OF LAW BOOKS. THE LAW LIBRARY of the late Chan? cellor Wardlaw will be sold at Edge tield C. H., S. C., on THURSDAY, 7th Jnne next. Terms cash. Z. W. CAR WI LE, C. E. E. D. and Adm'r. I ?jr A catalogue of said books can be seen at thc Phoenix Office. ALSO, I On the same day, will be sold the LAW I LIBRARY of fleo". W. Landrum, deceased. I May 27 3 W. M. LANDRUM, Adm'r. .WT Crop 'Juba McAasses. By J. ?. Enslow & Co. ON FRIDAY, June 1, will be sold, at public, auction, in the New Custom House stores, corner East Bay and Market street, Charleston, S. C., "at ll o'clock, 425 hhds. 1 30 tierces > New Crop Cardenas Molasses. 8 bbls. \ May 25 7 Bargains! Bargains! THE subscriber beiug about to change his business, will dispose of his stock of GOODS at and BEL.OW COST, consist? ing of : GROCERIES, PROVISIONS, LIQUORS, HATS, SHOE8, TOYS, Fancy Articles, Ac. ALSO, Desires to dispose of the STORE. C. 8. JENKINS, Assembly street, next to Washington. May 29 _ 2