Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1861-10-09
NORTHERN FINANCIAL uATTRRs

FROM tbs ST. Louis kepubicaD.
OF the demand treasury notes -, 600 600 have
been received thus far at the office Of the United
States Assistant Treasurer in this city These
are in denominations of -, $40 and S20; and
are made payable a part in Cincinnati and other
portions ia Boston, New York and Philadelphia.
They are drawn ont pretty rapidly. but do net
enter into circulation 10 any extent, but ARE made
the basis Of exchange on the East.
No statement has vel been made OF the
amounts snbseribed in this city TO the national
fund w do not infer that any large sum IS yet
down nor did SIC expect ii at this fine. There
is but little spare capital here for investment.
Our people heretofore have generally been rather
borrowers than lenders.
The Cincinnati Gazette expresses surprise that
the books for subscriptions to The government
loan, opened in that city 10 not show The names
Of contractors for army supplies for the war,
some Of whom arr, it says, reported 70 have
made 100000 to SIao,O00 out Of their contracts.
The New York Post says:
Mr. Cisco has received an order for $500. 900
Of the demand notes. This is the first large
amount that has been applied for, bat various
small sums Of one To five thousand dollars have
been paid ont when asked for. A. no time have
the amounts presented for redemption exceeded
the demand from new sources This large
amount goes 10 Ohio, and It was not until to-day
thatth department. has been prepared 10 meet
demands OF this character. These n6tes are
probably employed simply rs an exchange epe-
ration by some party who has that amount Of
gold which be wishes TO pisce in Ohio "a little or
no cost or risk.
The bank committees are in conference with
the Secretary Of the Treasury to-day IN reference
20 the taking Of the second fifty millions Of the
national loan. There Is no doubt but what the
details viii be settled in the course of the after
noon, though some strong efforts arc making to
induce Mr. Chase 70 refrain from issuing large
amounts Of the demand notes. The programme
Of August 18Th, relaiing 20 the paying IN of the
six per cent. notes e. par, viii not be modified
materially.
The total subscriptions of the public TO tho
7.31 lean foot up about S20,000,0e0; so at the
rate Of million dav, which IS the estimate OF
the subscriptions at present, there would scarcely
remain fifteen millions Of che loan unsold by
the time the banks take their second instalment
on the 18th Of October
Tho subscriptions 70 The national loan at tho
agency in Norwich, Connecticut, on Tuesday,
TIC opening day. were $4,000 st Burlington,
Vermont, S25,000 was taken the first day. The
country papers TEEN wiki statements OF liberal
contributions in their various localities. i Is
estimated at the Treasury Department that the
sales average million dollars per day
The Boston Post
TIE banks lost SI03,o00 IN specie on Y ctlnes-
day.
The Bank Of Mutual Redemption announces
that Il win raceive foln its correspondents, At
par, on the same terms as any other good money
for redemption the demand notes Of the United
Scales, wherever they are made payable.
These notes, wherever payable, are also re-
ceiYod at the Custom House. for all public
dues.
The fourth edition of the New York Erpress.
Of Saturday, the 2sth, says;
We are happy TO be able to announce that at a
meeting of Che hank officers, shis afternoon,
resolution was unanimously adopted in flvor OF
taking at once tie second iBsta1nent of the gov
ernment war; loaT-iifty millions Of dollars.
We learn further, that on Wednesday next,
general meeting OF the bank officers OF the three
cities, New York, Philadelphia aud Boston, viii
be held, when arrangements viii undoubtedly be
made to subscribe for the remaining one hundred
milions-thus placing the financial credit Of the
government upon basis amply adequate to the
great work it has now IN hand-tho annihilasion
OF rebellion, and the restoration Of the Union.