Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1862-01-25
On ,Chanse-nu-ine.. News.

There was 2 full attendance on Charge yes
terday. The New Orle ms dispatches stated that on
Thursday the hour market was quiet, Transactions being
limited 20 small lots at irregular prices The demand for
corn was less active, and a decline of five eentsa bushel
took place. Bran was quiet and oats dull. Nothing was
done m wheat or rye. The sugar market continued duh
but prices were 3 little more in favor o~fboldeS. Molasses
very DIM, with a dropping tendency in rates
The aggregate receipts by railroads and steamboats,
yesterday were as follows 35s sacks bran. 81 sacks beans,
9 cases boots and shoes, POS sacks corn, 30 bushels coal,
sacks cof e, a. cases dry goods, . boxes and - barrels
eggs 1872 sacks and 934 barrels -four. 20 bales gunnies, Is
bales hay, l5 hides, 2 hOrses, 25 tuns iron and steel, 9
kegs 81 barrels and IS tiercss lard, 10 bundles leather,
20 packages liqUors, 1879 barrels molasses, 90 boxes
oranges, Z barrels pork, % barrels potatoes. IS tierces
rice, 50 coils rope, z36 h~ogsheads sugar, 400 sacks salt, 20
boxes soap, : h~ogsheads tobacco, a packages tea. 10
sacks wheat bales wool, 30 boxes and II baskets wine.
The New Orleans papers Of Thursday report receipts
Of $50 bales cotton no sales. The sugar market was dan
at previous rates, owing TO want Of freight room for the
neighboring markets About 200 ~hogsheads changed
hands Inferior IL 10 ElRe, common TO good common
Ia to &c, fair to fully fair Oh to &c, prime to choice go
to 4lkc., clarified yellow - to 5lkc, white - to &c. sales
of molasses confined to 500 barrels at Is to lie. for fer
menting-nOP prime to choice reportedi also, e75 half bar
reIs choice fyrmsnting at I9c. market very duh. Nothing
A0Fot tq+ II AuuAs excepting sunni AttaA uAA7dttyue III
s~uperfne at se-75. Nothing reported in corn, oats Or
bran.
The New Orleans Crescent Of Tharsday says.
Many of eur commercial community have been in
means to reduce their Liabilities, as appears BY the amount
OF Indebtedness due our banks at this time compared with
last year a. the. same epoch
Amount Of indebtedness to the banks on the
ISth January, leoI ~
Amount on the 18th January, 1852 o.. Is,O2EO
sIs62OsI
Here We have a decrease OF indebtedness Of IA pet. !
from last year, with 8 decrease in the means of payment.
thar is in the sales Of cotton, amounting to J0rtFJSUe
laiLioHs Of dollars. Up TO this period Last year, Over
eleven hundred thousand bales Of cotton had been sold,
paid for, snd delivered by our factors. And yet our
Legislature have been for weeks attempting 10 leg slate
our community. into a debt Of millions Of dollars. We /
are spared the deploring and mourning Of runniug into
bankruptcy through legislative action Our patriotic
Governor has met the crisis with cOmmendable nerve and
faithfulnesa II reminds US Of the veto Of the grea
jackson on the memorable bill for the renewal Of the
Bank Of the United States IN 1892
The New Orleans Prize Current states:
Among the causes which may check the present de-
mand for our leading staple, we notice the enpressment
into tn government service OF nearly all the sea-going
steam vessels in port
The New Orleans Crescent makes the following point
upon the cotton expectation question
There were some further receipts of cotton yesterday,
under special provisions. We cannot believe that cotton
can be in~teriicted from coming to the city. There were
some few bales Of cotton received yesterday for expOrta-
ton Too limited in quantity to command much talk /
yet a novel case might arise from the action of our au-
thorities, whether the shipment OF cotton from the plan
tations and tovus OF Mississippi can be- prohibited from
being exported to Europe or Cuba, from going down the
Mississippi river ont At the Baize by the mandate of the
Governor Of Louisiana or Of the Legislature Has the
Legislature Of Louisiana any right 70 prohibit the pro
duee Of Mississippi from going to market, or the in
~habitants Of Mississippi from using the river as the great
hlghWay 10 market True, our authorities can prevent
cotton from being landed in our city, but they cannot in
te'fere or prohibit cotton from Mississippi Arkansas,
and tennessee IRON passing by our port Tor a foreign
market such proceedings would be closing Nd the !
navigation Of the great highway.
After all the talk the quantity Of cotton shipped This
season from this port hardly reached 5000 baie-too
small a matter 70 talk much about Cotton appsass 70
be going into Charleston aud Savannah dlily 50 the
railroad reports Say.
The New Orleans Bulletin SPEAKS as follows upon the
report Of the committee of commerce in the Louisiana
in favor Of alaw to prohibit tho expectation
Of cotton:
Has the Legislature any power, under thu Constitution
Of the COufederate States 10 control the subject l. not
commeree one Of the interests whose regulation is placed
by that instrument under the exclusive authority of
The Constitution, section viii, says: 1.-THE
shall have power to regulate commerce with /
foreign nations, and among the several States. and with
the Indian tTibesP The regulation of commerce. is
therefore, by the express terms Of the great organic law
Of the Csnfed'racy, one Of the powers which Congress
alone has the right 10 exercise. 1t Is placed in the same
category with other powers, the right TO declare war,
make peace, coin money, to establi-h post otiees- etc.
etc. 1t is extraordinary that with tbs clause Of The
constitution siaT1ng II IN the lace, any committee OF any
should gravely ~recOmmen an act whose
performance would be a pain and palpabie violation OF
the letter and spiriF Of the Constitution Of the country,
which every member Of the legislative body has solemniy
sworn 70 obey.
The people Of the Confederate States win never sane
ton tt-never. II is a bad symptom, this wreekless and
hish-handcd spirit Of l~egisating rOUgh-shOd over the Con
stftution, and in violation Of those wel-estabished priu-I
ciples OF the individual rights Of the citizen which were
NE very basis and conversions OF the United States
Constitution, and which have been retained in the Con
.ederate- Without them therci is no such thing a. rational
No Tittering away OF the substance Of free
while retaining the shadow. The attempt
to do this, should it be unwisely made IA any quarter,
Will cause widespread eomnotion ard disastrous effects