Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1861-09-21

On ,CHARGE.-The attendance on 'Chapge
yesterday was fair, but business was inactive.
| There Is but little disposition to settle down to
full operations, until the Immediate effects on
money matters Of the change of policy of the
New Orleans banks, have passed over It is
expected that the Identity OF monetary inter
ests, and the adoption OF the Confederate note
as a kind Of monetary standard, by the entire
Confederated States, will have a happy effect
upon commerce, by the facilities afforded in
mercantile settlements. All the banks OF the
Confederate States now receive these notes in
payment OF debts due them New Orleans and
Mobile were the last TO come into the arrange
ment; they have now done so, and The Con
federate note is Of universal acceptance in the
Confederate States ; it is q national currency.
Il is true the charters OF the banks OF Louisi-
ana forbid the step which, at the instance Of
the Governor CT the State, they hsvs taken, but
New OrlesEs merchants on Change expressed
themselves certain that thsir action would be
supported heartily by the vote Of the people.
In New Orleans the first consequences Of The
'change wss a rise 10 sterling, OF from
two to ten and twelve per cent premium,
and silver coin became at premium '''
It is stated that passing Tumors have
prevailed in New Orleans that counterfeit
twenty notes had been put in circulation, and
that the execution OF the three notes was
not sufficiently perfect to make detection easy.
No importance vas attributed TO these ssser-
tlons, but II will be we'll TO be careful the
banks, OF course, viii be strict in thelf scTu-
tiny, and very soon more perfectly executed
notes will be issued-...A transaction was
talked OF on change OF . peculiar kind a
member OF the chamber made a verbal contract
with a party in the couhtry FOR a quantity OF
. certain kind Of produce a. 5 given tate, and
to be delivered at intervals. The first delivery
was fairly made, when the second zane the
price OF the article bad materially lisen AID
the contractor remarked that be would not
back out Of his contract, but be could continue
to deliver only on condition that be was paid
in the illegal tender,o sad the gold was given
bin, but not without protest. Those ~e beard
speak OF the matter were Of opinion that the
was unjust, but that in any similar case
tle "legtl tender" may periodically be con-
stru,d 10 mean the Confederate note, the "lrgal
Of the SOUTH. Toe Confederate notes,
It vas stated by New Orleans visitors, have
proved OF important advantage to
commerce. a large amount Of importations
Law locked up in bond in New Orieans; the
change Of tariff under the Confederate govern
ment, and the advantage OF paying the Gus
toms in Confederate notes, instead OF geld, has
released hundreds Of thousands Of dollars
worth OF merchandise at a comparative low
rate Of taxation and thrown it on the mar
ket, filling the boats up the river TO Mem
phis, among others, with heavy treightI....
A considerable psFt Of the wheat on sam
pie ID the chamber was inferior, a good article
was readily taken at full rates. A sample,
lsbled Egyptian wheat, $3.50 4 tushel," st.
attention from its beauty, size and
rOu1duess.