Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1860-09-01

In any reuarE We may maze upcn TIE uuulel flrli-
titles We possess for ouyins on the great and growing
ummerce % our city, reference viii BE- bal o. ne
mJvsmsnts o. the z eat oammereial esuisrs -uIy - Oar
a. he sareiy Or shuulance e msu-y a. the sources q
supply nay Be supposed b iuhuence Or sdsci this mar
ket our oeisa being not 50 much b give . ssneraI view
% The trade, commerce anI material ulr-h ofhe shols
osgutu as 70 ave a crrect Statement and histoy d
matters in whoa vs, a. ciuE-us % this great valley, We
are u ore immsaiatsly interested.
be nov ahout tive years silrs onr banks a1rteI
vhaf Is termed the "c11nisr note system vhIch
means they ray out 10 notes MT rsdesmabIs o. thslroun
e8unters Theold pam o. payiug our cuTrenrr redssusble
IN ne mluutains % Etst Tennessee. s entirely abaa-
toned. and 20 city 90 The Cuioa snisys a better Or safer
%c7rrsucy, ar more readily oanvsrted into om. ne o.
h1srso % our banks rsn. rally have met the pubic demlnd
and drain made upon hen with great Pramgnsss and
/ caeerfuluss, generally tskias the holder % chrck
vhieh be vouid have, bank lolrs Or a1in. Do this they
have SCI az example whieh m.sht with prllt b ini-
tatsf By thsbauks q soms o. or sister states vhoss
boast Is That they never suspend
ne amaunt o. sud and silver coin brought % TIE eirv
By the -four Issdius banks iuring ne last two Busiusz
~ rs and Distributed to the hoiders q notes and chscks.
has been ne hEe nulof 81 Oo1G
Il cannot BE- denied that me rast has been . season q
unusual s~ringsney and tshtnsss t~hroughout ne saire
Southwest and west ne causss are uuueruus. but
among DE most prominent are he eHtravagznt habits Of
our people. aPd ne hiEh price % svsFythinE pnducsd
By ne people i~uhabitns ne Mississippi valley. ne
e0tan crup has beea IRE argsst ever groEu upon the
ear;hs the agzresats valus o. that one stspis briu=ins
tEo hunsred mi Hon dollars. While the e-ops q ,5baoo.
vheat, sugar, corn, hemp. hay. ETC., have ben oousidor-
ABLY above The average ne movement o. these i'm
mssse rewarded Industrious labor have required more
than te uuai Money facuiuss enjoyed By ear people.
vale atths Eat and Eorh Asrehas been % such pie
thora % the products Of the sarth, and noaey has been
oamp.rativsy cheap and easily obtained.
ne great want o. Memphis D. banking capital. win
q sotton trade o. twenty million dollars. win sales BY
Cur who'esule grocers % 81 oo0.Ooo. and o. dry goods,
cothinz, hardware, quesasuare. drugs. ETC.. 10 an
immense amount together win orr mtnufaefures Of
sisEm engines, rEIlnsad cars. gin stands, wagons. pIows,
cotton sed oil. etc. aid to Ga asss a. Iirss sums re-
Gently invested IN city improvements, the building d
dus stores. dwellings, warehouses. hotels. ec. making
ar seErsEats Of upvsrd Of forty million dollars, and
this vast amount % business IS done on en- ACKNOWLEDGED
banking capital Of only two million tolIars. ne skul
with vhich this Imitfd amount OF apial has besnhan-
died " u be evidenced By the oloviag statement en-
bnciuz The operations Of oar banks and bankers for the
past business year.
Amount % eNchanEe Ou0
Amluut OF tine bills h1ugnf..-. ..-...-.-. 2a9l0 OO0
an INT o. heal papes flsc1uuted----.--.. 9i4S 90
Am.unt n coin Imported fr srason...------ T0oO,e0
The rate Ct exchange has ruled Bv, since the inaug1-
utian q he counter note system durins he mast busy
part Of the cotton season EEchmEe on New York and
ne East generally 0id at par, while at ne same time
the raie va \ prem. on New Orleans.
While some portions Of our country are being visited
with hIEht and mildeu, md scarcity % he star o.
life Is really feared, yet this great ard fruirul valley
is blessed Eih ahundance. Verify We have enough aud
70 spare, sod shan enter uroa ne business % ne in
coming season with thankfuluess for he past and brsht
aud confident hopes In the premises OF the future.