Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1861-10-11

,-,,y.., ,.y,,.r.,--,r,,- ,r, ,,.,,,- s.r,rr
'AL '>i'ii'oN ol M
Balance IN the treasury Ist October
l739--- ------;- ;--------- - Sl7V'90@ %
Receipts into the treasury Tor the .-... -
year ending Isl October, I1o'- JILL %
- -,
i"ial-- 80 ----------- 80 o',''o ~ - -
Disbursements 10Y same year ----.-- 09l,Jlf -
Leaving balance IN treasury. Isl bt-
toeer' i7"'- ---.-.------ --.----.-- '7,'Vo y
FecriplS mo jhe treasury ior !ar ,.--
yea" eh'ih" Isl o''"'ri' t~"l---- ''o,7S' o.
=
lol,..----- ''gi',t.,t ,o ,..,I "a ~
disbursements iot same Nr'g------ 0EJ'9'f ~
h'ay ing n't+n'' ''! treasury ISL Oe- ,o,
io'ef' I7'i------.------..- 3 i7''i9o -
IVfI b.-a.n by reference to The renort of the
Cour-oua-. .lar the argrarate value of taxable
nrapa-fv I'm She SiaTa in I~6tI ,yas S;ean on i6J
and in 1861 S,'6- ,2G9.t1S, showing a dcprrcia-
t"n in one year of S2j,s1!36O, with the latter
assessment made previous 10 the commencement
w Oh" war. Ii is confidently believed that % the
as-'>smant oI the taxable property I'll the state
H"uid Doe nladc az this time, il would show q
sill further reduction, leaving th" aggrrgarr at
about Sjuo,0uO,Obo This depreciation IN the
value OF lsNabh' property dcm"nstals the ne
c.ssitT of The most rigid economy in public rX-
rndtures, or any increase OF taxation to sup-
port the civil gGyemmru-
cannot too strongly urge upon yOJr conSd-
Grafton the policy ol auauehmcut and reform in
every department. @. lha government where tits
possible and thus husband ouT resources 10 the
utmost extent tor the support of Our armies, and
the maintenance OF our independence.
In this connection II is proper that ! should
cal vour attention .o be- fourth section of the
act Of the Confederate Congress, approved 10Th
Of August 1851, imposing q tax upon certain
descriptions Of properly therein named, for the
special purpose Of paving The principal and IN
tcrest of the public drbr, and supporting she
government
Il is believed. from the best estimates that can
he made. based upon the previous assessments of
the taxable properlyof the State, that the amount
10 be collected from the peope-of Tennessee
under this act. Will not fall yerv short of two
millions ol dollars
The 24tb section Of The act n~ovidas that
.If amy State shall nj, ~ baF,ra ,fa tr-t ds,r n.
AnriI novt mar, IN tl,a t..,-,r,, ,,,,4os of ,I,a
C,nfc6ersta SrsIas mr. +, sr.c;. no 80 q.
spssa5 orainsf the ,irfz.Ds III. s,,cb Sg,ta Ia.
,,.1 per Eenfup, tba~aon - sbs;I he ,La dr,r os
the Secretary of fbe Treasury 10 notify the samc
10 the several tav collectors in eIcI Stqta ami
,b-r,,, tb.i. at,-b,-,.,-. "a l.,3 ~;
act shall cease"
Ifthe State should avail herself of the proyis-
ions Of this section, She viii save TO her people
ten per cent. of the amount assessed AGAINST
them, in the aggregate Amounting to about
S2OO00O, and the sum 10 beraised win be col
Iectcd by the revenue officers Of the State. obvi
ating the necessity for two classes of revenue
collectors which viii reduce the expenses of col
lection and relieve the people from The necessity,
OF more fhau one revenue settlement. l there
fore respectfully recommend that You provide
for and pay, according 10 the provisions of the
2Ith section, the amount ASSESSED against thc
STATE; but in doing so care should be taken thar
no part Of the burh-n is imposed upon thar class
OF the people vino are wisely exempted hv the
act OF Congress.
BANKS
/ refer you to the reports OF the supervisor for
TO the condition and business of
the banks of the State, from which ID win be seen
that then line of discounts has kept pace with
the legitim1ie gyauts OF the business of the conn
Try The present condition Of l.abIic affairs has
diverted from former channels their business on
srations, some Of their chief points of exchange
haFliS become cent'fS OF an enemy's country,
IN tbr ronsc Nv, ,orll ~ f -.-n rL'y 'e 5nsaSfu
and fddino mo- fslI, T. r. -
-o,tberr cS,,1,,..r.G ''' u
,rI--..e-..
li''''.'ls e,,',un noaihc'uons which, nnder
',ir Si'e,iii,@l''ily's hiighi nave be"s recon-
~ i'Hu5' are h't al present deemed appropriate.
.,, ','.il, l,,in rs 1t eAISts under The
Z" il-tEiils l,i5 rest 70 the ablhty pu-
80 ', an ,o. o iSi'l % nose whose duty 1t Is 10
For fuIt and acelIr,ia irf,-r,,t;a,, ,o..,,
as 10 the presont con5;r,o -, =, s..''
Of tba Bapl- nf o,,,,o,e5 =, '''. oli' @
to the rennrt of fbc nrcsi5o,; o,,5 d;rao,ar,
- tAN'-N'''t etit'A NAltNiNiHs |
for the two voas e,i;n ''Iui I,I 'I' ne, 1eI P'Gnls
amounted ~ tb, s, lr S7,i io- - Gr ~ az.
aroounf SI0z 6SI ~ ba. -, - ~ .I'9
treasury, the balance being rcs.Tycd bv the
bank 10 cover bad and doubtful debfs brre,ofore
contracted
1t is due 70 the president and directors of fbe !
Bank Of Tennessee, and, indeed. To the officers
Of all the banks. 10 sta.- that they have extend
ed 10 the government every facility ana assist |
ancc in their power to place the State in - nosi-
ton 10 repel invasion aud maintain her indo-
pcndencc without which il vnuld have hon |
difficult If not impossible Ia have srcorpnliebod
much that has been done in this rp>pect
p.Upo.De
'1 ''I' I' o. inc IN OF MAY, lS6l, II is
le' 10 'is "laG'elloh oi the Governor 10 appoint
ltte'' '' 70 I'he possession Of the roads, prop
[i'y anu euee'S oI I'irotd companies falling to
pay we se,i-a''Ii'lI interest npon the bonds Of
li' me '>u''e, ioahea 10 aud IN the construction oE
thg.i ., IoaoS.
Inc Cohti oDtr mas reported the following rad
Ioao companies as having failed TO pay the in
crest i4lAng Que July lSt' l76l' Jo-'yit;
Mobile and Ohio Railroad Comnauv 80. .72O on
Memphis and Little Rock. .-...-... I0.5OO 90
Nashville and Northwestern. 43650 90
liogeTsyiIe and Jefferson Ann 90
Tennessee and Alabama. .--...-... q 900 90
Memphis, Clarksyile and Louisville n $50 0o
East Tennessee and Virginia. y g70 on
Nashville and Chattanooga. 500 QO
Rolo,.;,,. o.I1o ~
.,,I,sd e., - :ii. a. l's 'T
nor tr, ia5 I ;,,, l,> ..'-l on men pau
80 IS on tho
-. IS ~ .''i' ,t e'7' pOt rom tIie
80, -. -, o'iIn - 'I''ug ana com
g; ,I ~ J'',o @ 9''Slll''9s IoI tle laSt
'.,.5 40, '''e transportation oi
: l5o'i'S ',il' munitions oi war when they have
"'.u - "l'io7' anu upon inc
~ , tii'' nave 1et ihat
li'o VI w o'' not me interest
I u 'iie eo-ii "OGlG De PIoHieleu by placing
I'm ~ 'n9 neu'i5 VI tLe !eoS''I9' ana have
te'oIS UeCllneu appointing sueh receivers
ne eit',lI anu NeL'teAy' ana the WIN
: !, anu a i1l'd loLIoau companies having
~ Ky lL1 ~, u'lS upon ihef bonds on
W ,r7 ~ e o"u"1 'loi previous To- tne passage
u = llle eoO'e lcclleu Se' appointed Adua An
i - T,i " 80 Su.i 81 oi tle loinleI and
o. IA riie IatCeI; lheee
- 81, -, II 81 tlle COIN
pdhISo H'lo PAsSCu III 1ife Hallus OF their reSpec