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COLUMBIA. Tuesday Morning, November 13,1866 Tilt- Business of the Country. The Now York commercial journals, and other organs of trade, uuito in announcing a general stagnation in business throughout the whole coun? try. lt is attributed, by some of their experienced journals, to over-trading .uni to tho rage for speculation, to which aro to bo added the political complications of the couutry. The National Intelligence!-by tho way, having a financial and commercial editor that is not surpassed iiv this country, not even in the business me? tropolis of tho nation-says that, so far as the last-named and chief cause is concerned, (politics,) the elections of October and November have done nothing towards tho removal of the evil. We learn from all the businessmen who haye visited New York, and from the daily journals of that city, that the plethora in the money market there shows no abatement, while it is notorious that money is scarce in other parts of tho country, and that it seeks neither investment or em? ployment in the Southern States. Tho distributing points at the. Soutl ave not supplied with money, evei for the necessary purposes of ex change. The Intelligencer says thai exchange on New York, offered ii Charleston aud Now Orleans, is hardly calcable, though wanted, becnust there is no money to buy it. Thus while the South needs more bankin; capital and currency, the Northen cities ave glutted with both. The New York Times-a paper, by tire-way, that, in its insane love fo radicalism, has .helped to keep th South crushed, politically aud finan cially-says it does not admit of doubt, that Northern capital is bein withdrawn from New Orleans an every business poiut in tho Soutl and that it i's equally certain that n further investments of North er u cap tal in that direction will be mad( pending the continuance of the sei tiona! differences. The present stagnation in busine! commenced in the interior, and mu: soon reach and affect the conimeici centres of tho .country. Mercanti wholesale houses cannot collect fro: their customers, and the people wi not buy the large stocks of importe and domestic goods, for either one < two or three good reasons-they hai not the norley; they ave, therefor becoming more economical, or el they expect that prices will bo loi ered. 13nt the North, with all its meal and facilities, cannot escape. A nui ber of important failures of manufa turing houses have occurred duri] the last week in the East. The; failures or suspensions may be atti buted to the renewal of the creel system, and that dealers in the inl rio* cannot pay promptly for th< goods; b,ut that they will be follow by failures in the jobbing houses New York is not to be doubted. T policy of the people of the South to live in accordance with the strict* economy-buy nothing they can without: aud when this commerc crash comes, they will come out ol move unscathed than their more flu neighbors, of the present day. WHAT DOES IT MEAN?-In aski this question, the Baltimore Tra cr ?pt goes on to say that the South at this moment, in the most profou quiet and repose. There is no rebel in arms; there is not a Uni States soldier necessary to prose order in any part of.thc South States; there is absolutely not a rip * left to show where the great ship the Confederacy sunk, and sunk 1 ever. Yet, at radical meetings, proposition to march slaughter! burning ami confiseatiug cohn into this peaceful and unzesist South, is received with uproari applause. In the name of human justice, civilization, what does this mean? - NOT Exox:c;n TO DO ANY HAM The Now York 'Tribune, whose slogan is universal amnesty and i versal suffrage, in referring to election in Massachusetts, atys: ' 'A few copperheads and a few groes aro elected to the Legislati but not enough of either to do harm." Docs thc Tribun? mean to adi that possible harm can come ?f doctrine of negro equality? If it should chango its tuno on the frage question. mi-tilting Term?. It is astonishing that some of the Northern journals-ano* journals of some standing, too-should persist? ently misrepresent tho people of the South. For iustauee, tho New York Times, in a leading editorial, asks the following question: "Shall the van? quished South dictate term??" Now, tho Times knows, as well as any journal in the country, that-the Southern States, since the days their armies surrendered to Grant and Sherman, have never, on any occa? sion, pretended to dictate any terms for their restoration to the Union. They were directed by the President of tho United States, through their Provisional Governors, to call con? ventions of the people; to ratify the abolition of slavery: to elect members to the Legislature and to Congress, j and appoiut United States Senators. They did all this without a murmur, but the promised restoration never i came. They have enacted laws giving ' equal rights to the freedmen in their courts; and, after they have done all this, a further exaction of giving the negro suffrage is demanded, and that, too, without any assurance whatever that they should he admitted to Con? gress, were they to do so. This is the record, and wc ask the Times at what juncture or in what portion of all this action has the South attempted to dictate terms? That she will refuse the dishonoring terms, not only proposed, but threat? ened to be forced upon her by the last radical Congress, there is little doubt; but this is a' diff?rent thing from dictating terms; and it is stupid and silly for any journal to accuse the South, in her present helpless condition, of dictating terms, either as to restoration, reconstruction, her own status, or any other question affecting her political condition. She cares little for these things now-she is content to be let alone. One thing, however, we -soberly believe she has determined upon, and that is not to dishonor herself, even at the risk of confiscation and perpetual disfranchisement. She stands upon the Constitution of the fathers of the republic, and if she has to go down, she will do so clinging to it to the last gasp. The North, in such an event, may rest assured, that when tho South is crushed out for her devotion to the Constitution, the republic founded by Washington cannot long survive the Wieck, and constitutional liberty will be a thing of the past. The North cannot escapo such a general crash, and her people will find them? selves the subjects of a despotism, as absolute and more heartless than any which has disgraced the annals of history. Tile. Nezt Congress. Although the returns of the late elections come in quite slowly, the complexion of the next Congress can almost be ascertained with certainty. The following will bo the result: Venn. Hep. I Dem.. Hep. Delaware ... 1 - Missouri.... 3 G Illinois. 3 ll New Jersey.. 2 3 Indiana. 3 8 New York.. 12 1!) Iowa.- G Ohio. 3 10 Kansas.- 1 Oregon......- 1 Maine.- 5 Penns'lv'nia G 18 Maryland . . -1 1 Vermont... - 3 Mass'chua'tta - 10 West Va_ 3 Michigan....- 5 Wisconson. 1 5 Minnesota... - 2 RECAPITULATION. Democrats. 38 Republicans..'.133 Tho States yet io elect Representa? tives in the fortieth Congress, and the number of members to which they aro entitled, are as follows: Cali? fornia, 3; Connecticut, 4; Kentucky, 9; New Hampshire, 3; Rhode Island, 2-a total of 21. Estimating tho result of the elec? tions in these States as that of the last Congressional election, excepting that in Kentucky, which recently chose a Democrat to fill the vacancy in the Sixth District, occasioned by tho resignation of Hon. Green Clay Smith, (Republican,) the grand re? sult will be as follows: Democrats, 45; Republicans, 137. This, of course, will give the Re? publicans a majority in tho House, and plenty to spare; so they will have everything their own vay in tho Fortieth, as they now have in the Thirty-ninth Congress. Tn the United States Senate, there aro eleven Senators to be chosen this winter by the Legislatures of the following States, to wit: Illinois, Indiana, Kansas, Maryland, Mis? souri, New Jersey, New Y'ork, Ohio, Pennsylvania and Wisconsin. Butler will go to the next Congress, says the Louisville Democrat, full of wrath at all mankind about spoons. He has the sublime impudence to talk of the dangers he has faced, when he is himself only dangerous to unarmed men and helpless women. "I'm not afraid of Butler," shouted a wag in a political crowd ; "I've no silver spoons." Union Men in (lio Sooth. A letter*from Gen. John Edwards, now at Fort Smith, Arkansas, ad? dressed to Gen. E. B. Brown, of St. Louis, has been published. Gen. Edwards is a nativo of Kentucky, I and inherited som? slaves, but bc ? lieving that the system in this coun? try was injurious to the white race, ho manumitted his slaves and re? moved to Iowa, where, us an active leading Republican, he contributed greatly to tho building np of the Re? publican party. In his letter, speak? ing of Arkansas, he says: "Union men are just as safe in this State as anywhere else. We have our proportional part of lawlessness in comparison with other States. There are but very few instances of violence being committed on political considerations, and where there has been, the wrongs have been commit? ted as much by the one party as the other. You and I, who fought for thc Union from the beginning to the end of the fight, can now afford to be generous and magnanimous. I was amazed to witness with what promptness and cordiality the South? ern people embraced the declaration of principles enunciated by the Philadelphia Convention-principles which are conservative, just and loyal, that neither you nor I can object 'o, while there is nothing iu them exacting of the ex-rebels terms of humiliation and degradation. The effect of that Convention has been, to some extent, to quiet the apprehen? sion and fears of the people. Of all things, the country demands repose. We cannot have that until tho Union is cemented on the basis of represen? tation in the National Congress by all the States, for taxation and repre? sentation, under our theory of Go? vernment, must go together. "I am willing to bury the past in oblivion, and unite with anybody and everybody in the future who, in good faith, desires to preserve the national integrity under the old flag of the Union. The Southern people have had enough of war; a corporal's guard could not be raised here for another war on th? grounds of tho past one. Nothing but a just, na? tional and conservative spirit can unite the people of all sections of the country. If politicians would let us have that, industry and energy would be revived, the material interests of the country developed, our national debt soon liquidated, and a general feeling of kindness pervade the whole land." THAT'S SO.-A correspondent, of the Chronicle and Sentinel, discussing the most feasible mode of obtaining release from the general ;~ 'i I oppres? sive burden of debt, says truly: "The best and surest way to get i-elief is for every able-bodied man to go to work at something; and, by in? dustry, each and every* family will be relieved. Debts can be paid very ^ fast with the present high prices of farming products, and most men can pay one-fourth their indebtedness this winter, even with one-third of a cotton crop; and, where they cannot, I and have done the best they could, they will not be sued. "Many debts should be reduced heavily. The people have lost their slaves, and much of other property, and every creditor should feel willing to give up a part of their claims; but tinsse things should be by mutual consent of parties. ? *' * * * *.* "I am surprised to. see so many men want to hold on to large bodies of land, and remain in debt, too. Better give their creditors part of the land and rid themselves of debt; for there is nothing so depressing to a man's spirits as to be in debt. Small farms, with plenty of guano and good farming implements, are much more profitable, with loss risk and more satisfaction. "Let the negro go, for he will not work on a farm at best. The more of them on a farm, the less is made in proportion to expenses. The sooner we get clear of them, the bet? ter for ns." WETJTJ SAID.-The President's or? gan says: "In a Republican country, to at? tempt to rule by a small minority of the citizens, is like attempting to lift a heavy weight by seizing the short end of tho lever. Maryland got on tho right side of the fulcrum, day before yesterday, for it is impossible, under our form of Government, to preserve peace and harmony, when the few hold political sway over the many. If the masses of tho citizens are unfit to exercise the elective fran? chise in any State, then the principle of self-government had better be abandoned at once, for in this age there is not virtue enough in any minority to render it fit to be trusted with power to rule the majority." Which shows that Andy knows his party is in the majority, and that the country is now ruled by a minority. The revenue commissioners esti? mate that over 42,000,000 gallons of distilled spirits, 186,000,000 gallons of fermented liquors, and 10,000,000 gallons of imported liquors are an? nually consumed.in this country, cost? ing $500,000,000. Tho Government, revenue derived from tho liquor busi? ness is estimated at $-17,727,276 an? nually. PROPHECY MAPI; II [STORY. - It is tho custom of tho shallow-minded to depi'eciate tho statesmanship of Calhouu, and of "loyalists" to de? fame his memory. It is tho consum? mation of political wisdom to foresee events, and so order the affairs of Government as to provide against mischief. There may bo some who now feel what ho foresaw and pre? dicted, who doubt tho practicability or the propriety of the policy he urged to prevent it, but none eau read the following,|from ono of his speeches, made in 1837, and question his remarkable prescience: Emanciption itself would not satisfy these fanatics; that gained, the next step would be to raise tho negroes to a social and political equality with the whites, and that being effected, we should hud the present condition of the two races reversed. They and their Northern masters would be the masters, und we the slaves; the condition of thc white race in the Biitish West India Islands, as had as it is. would be happiness to ours; there the mother country is in? terested in sustaining the supremacy of the European race. T ES s ESSEE. -Th e Legi slature of Tennessee has met. aud, although there was no quorum the first day, Governor Brownlow sent in his mes sage. Thc Nashville Union and Ame? rican thus notices the document: Its chief points, briefly stated, are negro suffrage-raising and -arming "loyal militia," and holding them as minute-men, to protect the ballot box-further tinkering with the fran? chise law-the denial of thc power of any Legislature, after the present, to act upon or modify the laws enacted by this, upon the subject of the voting privileges-guards against a popular convention to amend the'Constitu? tion-more stringent and compulsory provisions to enforce the Metropoli? tan Police law-th? prohibition of injunctions restraining its goinginto effect-the summary punishment of judges who have or .may throw the shield of judicial protection over members of the Legislature, against the tyranny of tile radicals-au ob? jurgation against "bolting," and a diatribe against the President of the United States. All these points are more or less elaborated, and, though couched in language and style a little more elevated and dignified than the Governor's editorials in the Knox? ville Whig, constitute and embody a mass of political crudities, unstates man-like dogmas and revolutionary doctrines, more radical and startling than have ever been propounded by any similar functionary in tho repub? lic. _ / Tar. LOSSES or GEORGIA..-The Na tianal IntelHgencer says: The report of the Comptroller General of Georgia makes some re? markable statements respecting the losses conse<ineut upon the war in that State. Wy the tax returns of 1866, the taxable property is esti 1 mated at $222,1S3,7.S7, while in I860, it was returned at $672,202.447, which, reduced to currency, would bc ..?l,0<)8,43S,0o3, making over $700, 000,000 as the loss occasioned by the war in one State alone. Nor is this all. This estimate does not include the amount swallowed up in Confederate bonds and scrip, winch tho Comp? troller believes would swell the total loss of property iu the Empire State of the South above 81,000,000,000. So vast and sweeping an impoverish? ment of such a population is simply incredible. The returns of popula? tion, as far as they have reached the office, indicate a decided loss in popu? lation; 86,900'white population is re? ported, against 99,718 in 1860, show? ing a loss of 12,839, or nearly one-eighth. Now, when it is remem? bered that the late war included little destruction of women and children, at least by tho hands of the soldiery, and in this respect presented a mark? ed contrast to most other wars, tho drain on the male element of the State must have been enormous. No such extraordinary example of volun? tarily encountered impoverishment and destruction of life can be fur? nished by history. THE PoLJTiCAii RESULT.-The re? sult of the election in Maryland is a thorough rout of tho Union party. The whole power of -the State has passed out of their hands, as the Exe? cutive power had previously faded away, and tho Democracy are from henceforward in full possession. With the deposit of the last ballot yester? day, thc mock name of "conserva? tive" ceased to exist, and as a party name it will nojmore be known in the State. We ar : henceforward Repub? licans and Democrats, and on this basis all future political contests will bo made. Thc Republican party of Maryland will rally on tho platform and principles of the loyal North, and the Democracy will stand shoul? der to shoulder with tho rebellious South.-Halt i more American. At a meeting in London on tho 9th October, of holders of Alabama Stato stock, it was unanimously agreed to accept the proposition of tho Trea? surer of the State, offering to renew the over-due bonus of the .State and to give bonds of a similar description, payable in twenty years, in lieu thereof. OUTRAGES EN TEX ?S.-The radical papers contain nun erous reports of outrages on Union men in Texas. Hero is the otter side of the picture, from the Austin Gazette, embracing only such incidents as have come within tho knowledge of tho editor of that paper: In tho County of Washington, thc town of Brenham was deliberately set on fire by United States so. and a largo amount of property J' stroyed. In Victoria, Mr. William Walker ( was murdered by two negro soldiers, for which they have been indicted, but have not been given up to the sheriff, who was forbidden to arrest them. In the same County, out? rages 1 ro committed by the negro soldiers o.i two children of*the town of Victoria, and they were upheld in their conduct by Capt. Spaulding, tho commanding officer. In Grayson County, where Col. | Albert is in command, indictments j for aggravated assaults ami robbery could not be enforced on account of military intervention. In tho County of Caldwell, the re? cords of the County have been forci? bly seized and mutilated by military authority. In Bell County, upon tho represen- ; tation of a person of notoriously l>;ul character, a party of soldiers were sent under his guidance, and two worthy and respectable citizens of that County were arrested in the night, torn from their homes, and I after being carried a short distance, j while nuder special guard, were deli? berately shot by their accuser, Lind? ley, who had on the United States uniform, and was permitted to es- j cape, lt is said that Lieut. Carpen- j ter, who was in command of the party, and Lindley, have both been indict- I ed, but no arrests of any in the mili? tary service are permitted, and civil officers have been forbidden to issue processes. The peace proclamation of the President seems to bo ignored in Texas; win*, wo cannot understand. CONSTITUTIONAL AMENDMENT POST? PONED.-Tho elections yesterday set? tled one point conclusively, at least ter some time to come-tho constitu? tional amendment will not be adopt? ed. Neither the Legislature of Mary? land nor Delaware will sanction it. These, with Kentucky and the ten excluded States, [make thirteen op? posed to it. As it requires three fourths of the States, the adoption or rejection of thc amendment is nbw likely to bc the rallying ground of political parties for tho next cam? paign, and it is hardly possible that the radicals will be able to create an? other wave of popular, feeling which will blind the judgment of the peo? ple by introducing extraneous issues. We aro likely to have a thorough dis? cussion and a perfect understanding on all sides of the nature of that amendment and of the principles in volved in its adoption. The amend? ment makes so sweeping a change as to justly entitle it to be called revo? lutionary. Yet, if the people are really bent on its adoption, after a thorough understanding of its cha? racter, we eau only acquiesce, while demurring to the wisdom of their course. But what we have always strongly protested against, and shall to the bitter end, is the effort to make its adoption tho condition for tho exercise of their undoubted rights on the part of any section of the coun? try. That it is to make the rejection of changes of the organic law puni? tive, is to introduce a style of punish? ment unknown to the law and the Constitution, and to set a precedent fraught with mischief. We believe soberly, that tho result of the late elections is not a verdict in favor of tho constitutional amend? ment. We believe that the thinking men of the country aro not prepared to make such an inroad as it proposes on tho independence of the States. Wo believe that the feeling of the people against the leaders of the rebellion has been adroitly played upon to secure a triumph that can? not possibly be maintained. So be? lieving, we shall spare no pains to make clear the consequences of the adoption of such a revolutionary change, and shall calmly await tho revision of this award, which is bound, in our judgment, to load to tho reversal of the majorities over which our radical friends now so loudly exult.-National Intelligencer. IMPORTANT MESSAGE OE THE GO? VERNOR OFTEXAS.-Governor Tliroek morton's special message to the Texas Legislature, on the condition of the country, and on Federal relations, says tho true sentiment of our people is misunderstood by the North ; denies with indignation the assertions of politicians, that we do not desire the restoration of tho Union, and that Union men are in danger of assas? sination; that, without miiiiary pro? tection, they cannot remain here, and that thousands aro leaving tho State. He asks the Legislature to pass resolutions to this effect, and to solemnly pledge the State authorities to protect life and property, without regard to political sentiment. He suggests that negro testimony be ad? mitted in all cases; recommends that tho taxes collected from the negroes bo applied to their education; and says ho hopes tho Legislature will make all the laws involving civil rights ns complete as possible, so as to ex? tend equal and exact justice to all persons, without regard to color. Xjocetl ?toiias*. TNo Phoenix "flier IM on Main street, a pew doors aboveTayk>r (or Camden) struct. l'y reference to tbc advertisement of the Clerks of tho Legisiaturu.it will I"- seen thai a cha?ge has boeu made in thu time for h.Midiug hi bids for stationery. Coi,m ;. Ki2ST\tut\XT^-~Mr. MeG ninnis will servo ap another fine wild turkey, thia morning, between the bom s of ll and 1 o'clock. These who assisted at the d.s scction of tho twenty-vight pound bird, thc other day, ?viii be on h.-nd to-day. FonHisTonv- VN MKII;-(.OOM. Preservo tho record <>r tho destruction of Columbia, written by one of fc'-outh Carolina's histo? rians, who was pres?.'Ut during the whole sack mid destruction of our city", ll is tho most authentic aecoun t published. DEPARTED.- About 2?<' freedman left here yesterday morning, to take pussago on thc .ship Golconda, foi" Liberia. An? other vessel will leave Char.-'8?*"? 1 ??'ly >" the spring, so that any others desirous of seeking new homes una du so, ?'7 mafcuig carly npidicatiou. RAILROAD ACCIDENT. -The mail t ra?'' ": thc South Carolina Railroad, duo h "r,> :U :i o'clock a. m., was tin-own from tho . rack, yesterday morning, near Hopkins'-, r '-v a pine tree having burned down across road. Wc have learned of no damage "' a serious nature. The regular passenge r and accommodation train from Charleston reached this city yest.-rday afternoon about an hour behind schedule time. BLANKS FOR SALK AT j ins OFFICE.-Let? ters of Administration, Declaration on Bond or Scaled Note, Mortgages and Con? veyances of Real Estate. N:-.w ADVERTISEMENTS.-Attention is er.il ed to tho following advertisements, which aro published ibis morning for tho first time: Shiver & Beckham- -Drv Goods. John J. Dreher- -Land and Mill Properly. A. lt. Phillips-Furniture, Piano, ?Ve. 1). McGnnnis- -^Extraordinary Lunch. T. W. Radcliffe- Clocks, Watches, .vc. Street brothers fe Co. -For Liverpool. .1. A- 'J', ii. Agnew -Buckwheat, Ac. Fisher A Hcinitsh-Kerosene Oil. Schedule over North Carolina Railroad. Richard O'Ncalc- -Booms to Rent, li. O'Ncalc & Son -Agents. H. 1?. Hauahau Seed Wheat, and -Rice. MEXICO.-Tho Now York World, of Friday, noticing tho arrival of Mr. Campbell, the new Minister to Mexi? co, and Gen. Sherman in that city, says : This mission is understood to be an endeavor to reconcile the Ortega and Juarez parties upon the departure of Maximilian. Cien. Ortega said, be? fore he left this city, that as soon as thc war with the French was ended, he would propose to Juarez that au election for the presidency should be held, by the resnk of which both were to abide. If Juarez accedes to this proposition, General Sherman's mission will be an easy one; but, if the Liberals light among themselves, it is whispered that Sherman is au? thorized to support Juarez, und em? ploy the assistance of Unite;! States troops in maintaining his authority. Such, it, is said in well-informed circles, are the instructions under which Gen. Sherman is to act. This position of our Government towards Mexico hus, it is stated, been taken in "consequence of the in? trigues of Senor Romero, Juarez's Minister at Washington ; but it is for the advantage of Mexico to be go? verned by an established power, even though it is necessary to "do evil that good may come." Mr. Camp? bell's directions, of course, corres? pond with those of Gen. Sherman, and, it is almost needless to say, he is fully empowered to support the General iii any course which he may deem tit to support. IN THE HOLY LAND.-A band of Plymouth Rock adventurers, embrac? ing men, women and children, 156 in number, have emigrated to tho Holy Land, taking with them build? ing material for'a small village. They were loudly received by the Turkish Government, an order being issued that they should land their goods freo of duty. Having thus sought and occupied the hospitality of strangers, their next step is to write back to their friends in this country, in the following characteristic style: The air is generally dear and mild. Everything is lovely but the natives, who are indolent, treacherous, und bloody. Of the various races who curse the land with their presence, the Turks are the least vicious, but their bigotry is so intense, and their assumption of superiority so offen-* sive, that even they are more to bo feared than trusted. Tho mischief which the Greeks. Arabs, Egyptians mid others perpetrate for plunder, the Turks perpetrate in blind zeal for religion. Surrounded by such neigh? bors, colonists will have hard work to protect themselves. MEMPHIS AND LITTLE HOCK RAIL? ROAD.-Gen. Forrest and Mr. Janies McGrcener (an old railroad contract? or) have undertaken the finish of thc "second division" of the Memphis ind Little Pock Hoad from Madison ioDnvall's Bluff, forty-live miles, by he first of January, 1868. This con Tact includes the masonry for tho jridge across Wliito Hiver. The estimated cost of thc work is $400, 100. The railroad company furnishes ho iron.