Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1857-10-23

The consequent contraction Of which last years
expansion has been going or for several months.
The contraction Of the banks Of the city Of
New York from August p to September 18th,
three weeks, amounted to The enormous SUN Of
$40 I54,O IO, and the other banks contracting in
the same proportion.
What awful commercial calanities must
necessarily follow these expansions and con-
fractions. Those caIamities the people ars
now experiencing, and were set forth in ms
first Communication.
The table ! have inserted proves that huctu-
stiOns, with all their destructive incidents, are
insspsrsbls from the very nature of a banking
currency system.
1t is true the country prOspsrs, aud has pros
psred, but 1t has prospered not on account Of
but in spite Of our vicious banking system.
Banks are not without their benefits to com.
m%unitiss, but these benefits are Insignificant
when compared with their evils. The credit
they give, which is generally considered then
most beneficial quality, really does more in
jury than good. They are generally sbOri
loans of from thirty to ninety days, and Of
course cannot be used as a permanent invest
msnt, producing profit to the borrower. 1t will
not DO to build a house or improve a farm on
any such short credit.
Tbess credits, short asShsy are, are sbsEbed
BY merchants AID back directors, which last
use them for the purpose Of usuIy AID eKtoT-
tion. The planters and lsbOring classes. though
they feel the evils, seldom psrtake Of tbs ben
shts Of the banking system. | viii resume the
subject IN future paper. v.
Seizure Of the Delaware Reserved Lands BY
tbs Whites.
The following letter Of instructions, sd-
dressed 10 the Acting Commissioner Of Indian
Affairs BY the Secretary Of the Interior, shows
the determination Of the Government to pro.
tset the Indians in tue rights which have been
guarautsedt TO them BY treaty;
DEPARTMENT OF THE ISrERros.
October IA, 1881.
sm; Vour report OF the 10Th inst, covering
letters from Superintendent HaFerty and Agent
Robinson. IN relation 10 intrusious upon The
! Delaware reserve in Kansas Territory, and
suggesting The propriety Of obtaining the Co
operation OF the United States troops now in
the Territory TO effect the removal Of the intra-
ders, has been received and considered
There can be no doubt that the Government
Of the Uaiied States is bound, not only by III
relation 70 the Indians &c their guardian, bui
BY solemn treaty obligations, TO protect then
ia ell their rights. The integrity OF their ter
ritory must, therefore, at al hazards, be pre-
served. You will accordingly issue iBstrue
lions to the superintendent It St. Louis, and 4
The agents, to proceed forthwith to the remove
Of ali intrudeEs upon Indian reserves n Kansas
Ia the mode prescribed in the circular letter o
instructions issued from the Indian Once, OctO
Der S, 1855. n.al
Tbe War Department has been requested +
issue the necessary Instructions tn the com
handing sficers Of the troops IN Kansas, am
Il is expected that they will be prepared 10 co
operate with the agents Of the Indian Office b,
tas time their services win become necessary
Very respectfully, your obedlsnt sy't,
Secretary Of the Interior,
CHsELEs z. nix, Esq, Aet'g. Conf. Of 10
dian Affairs. fr.fa UT
UxrTED STATES LAEDs soLp.-rhs ohcia
report for the month ending September 80
1857, signed By John Wilson, land commits
sioner, shows an aggregate Of 3l,555,e9 acre
sold, at $445 $50 only $50 acres being ~interes
lands. Aggregate Of last monthly report DO
62e acres, sold at S3.674s49o-
The FEST sHIsPLAsTER.-If New Yorl
was the last to suspend, i. is the first to issul
those swindling scraps Of paper called ahin
plasters. The first, tie Nesss Of that city
says, was issued On Wednesday BY ore Bah
cock, promising 70 pay the bearer "twenty
five cents, for value received y A pi9ce o.