Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1863-11-19

rert is se raid that boats Of ordinary peWs
esBnst stem the current Il vii be necessary I
NsTp then up, or trAasship their freight, but 81
/ leAd csTrisga sad railroad will Be available &
once.
The worst Il ever; the rivers are coming &
our hslg. Already hosts are landing thei
! frsigkt at the Nashville wharf, sud tAs steamer
will soon laad il At FIsrsneS, whence It sss b
sant across to DsostzE or Bridgeport, there to d
roshipped If nsesssaEy.
EAHKoAD EELICTTTEs OF TRAVEL.
s9ms idsa Of rai reading spd travel in gsnsrs
/ n this sectisz may be formed fruH the epers
/ iiels Of last week on this road hsucs 3 Mash
| vile, hundred aRd twenty-five EIiss. Foa
snGises have bssR Destroyed. Oas rsa Of the
/ track down an sssaRkzsnt near LavsTgne
supposed EccidantalY. 4 seeond Taa Of nsel
| Es3sI springs. BY IA sssslthy rsbss widening
the TailE aEd lying n ambush, zad then Erina
sn ths terrified passengers as tie cara r2a CT
third WIS exploded BY torpedo placed on Lss
rails asar tho tREnsl Of CsHaa, and fourth
was damaged 5y collision Beside thsss psrils
| te the IEvslst, the sRemy, whass Prats about
GIviiz5s HsrfzTs IS so loud, in4uigs IA tha high
y eivu zed Przc ice Of throwing rocks down
the eEin2eys sf lie tunnels, and pisci z OBJ
ssTUcsioBs oa she sTsak. siaea Wheeler passed
6vsZ ths river tas Taek has been tern up oneo
By smaller band. I an glad to rseerd, how
eVeT, the captsrs near Eays.tsville Of CaPtsia
GaIiey, t. g guerrilla who skos Gsa. heCSok 8
year age whils travelling ia his aaBHlaseB aszr
Wiachaster. He Is a0w en- his way is tho
NsTEh, whsrs it is to be koPed he vii be huag
Wiihsut bsnaas sf clergy.
GsEERAL GRANTS ADMINISTRATION.
The energy Of Gen- Grant Is seen in the opo-
rations sf tins army already. !. have hsaTa Old
adasrenss TO tse fortune Of Gea. R ,ssersas
msks admissions s. 10 soHso much. needed re-
f=rFas. 1t viii DO 1sticad hat the rst set whick
aas taken plzss under bis supervision since be
cane, Is Iika tbs hTss which gave hiR fame
f'nsVinE iHane3isEsly UPon their works" Ths
sa-zs rcnaFksbis SUCCESS Whisa ha5 thus faT
rsadersd Ain the most il.assri5Us Of eur gensZ-
ais Esssas Ftill 10 fellow hin. The aEnies under
hin are getting ints adziTabie ordsr sRd sgirit
az is not tee EgcA to hops thai Ehs same 1ssEuge
Of success will ssssinas TO reward bis sf5Ets.
Review uf NJ. Ch=se's HIaaseizl scAeEasz,
by 9aEaeG GGiiaass, fAo 4areEI New EsEk
Bsaksr aza EihancisE.
TRR NATIONAL EASgIsa sYsTEAI, Or GOV
ERHNEET PAPER MONEY.
Ala meetizE Of ths New York ClsaFiaz~ z~asusa
association, hsld October g. 1853, the foLioWiRg
rssolaties was adopted
ResslseG, That a c0umittss Of I've bazk Off
Gers be appointed to eIBntae into tie system Of
sstisnAl bsskizg initiated By the present SscTs-
lsry Of tbs Treasury, IN lis prospective effects
Egsn the currency Of ssF Eali0s aaa the national
credit; and 70 report what EetioR, If sny, de-
wolves BpsR tks banks Of this association in the
premises
REMARKS CT JAEEs sALLATIE, Ego, Is REP
EAENCB TO TRE ABOVE EEssLUTIsE.
Qssstisns Of ssTisus iRPsf,szsa, 30 which
ycuc sttsntioa Wss sGlisitsd sT7o ys8T5 ago, have
iatsly bssn srozghi ts youT Deties IA 3 circular,
dated 22i ulk, sseaad a Bank Steekkeldsr
asd Director" lis conceded in this circuar
fhst the -fcsd7 Of p=PsE money issasd By The
Secretary Of ths TEsasuTT was wholly uHcsllsd
for, and skst Re rsf0sal e EaoPt 5Ra 5uEg=s-
tions OF bsRk sEicsTs aad otEsr5 as 10 the exFs-
dieney Of sAiniainiBE spscie psymsEts through
sut the wzr has led ts the evils which wsrs lheu
forsshadGwed, and What are now coming upon
a5 il such frigh-f1l shapes, that gvan thess who
5sridsd sas IDEA Of sgsIsiEiBg specis payments
stand aghsst bsiega the srsstlGRs sf thaiT 8Wn
ssIisy Thanks to tie disasters y k.ch have
0verwhal-1sd tks saPer issues Of the insurEeEt
Davis il raiss, al loyal Hass can ac6 see Wkith-
sr Er CASES paper nancy schemes are .sad-
ing. Nc EaR car EeT doubt the folly and the
sadness sf these schemes, nsr question ths Prae-
ticsbility Of conducting any sOacsivsoie anouEt
sf tiaaseisi BUSINESS ia tAis eozztsy on sPs0ie
hssis; for, ss We know By all past experience IN
ths esariaF house, tie qsEnEIty ef real money
required 10 bo moved does nst amount TO a
twsntissR part Use cents on the dOusT) Of the
sum 81 the business transacted.
The sscfatary's plans sre ast uded On tae
vroand thst hey have saved TO lhs ssHR:ry tss
interest sn his issues Of pspsr msnsy, but the
Increased prices 0f supplies ars enhancing the
esst Of tks Wsr. and increasing car Hstsasl
dsbs ts q mzch ErsstSr extent thsR the saving
Of this interest and as the proposed further Is
sGss BY lhass new banks can enIF sgFraVAss
the evil, Biihout saving 20 the aovarEzsut the
intsrsst On ths proposed inersass Of the eireula-
tiou. is becomes hs daties Of bankers, as well IS
the poopls to lsek sarssstly, as patriots, a. 5hs
eorssq aene8s Of the GxtsnsIsR Of thIs ueW de-
ssIipaaR sf ssPsT money. Does the G0uEtTy
need III win il save ths GoverzEasnt fTom IN
creased sznsa6iturs VIII it ssTs interest to
the GovsrnmsHsl VIII II bring a. nearer sps-
sis ssandsTgf AG thsss qUsstisDs in my ham
Die iadsment, demand EeIioas iRYs EAEisa. If
shsy arc 20 b answered ia the negative, what
thea il the Psssiole use sf Ills new currency
Capitalization Of the m0asy powsr IN Washing
tea is eRe. Is that desirable Is Is JudieiJgs
to plscs the whole volzms q sseariLY fsr the
aatirs BapeEi insney Of tss c3uatTy Ia Tia haRls
Of sns man e. WEshiRgsenf Imsgos Of grsad-
ear and power may be hoasing il tbls oss mans
inagiRsIea, 81 thsss Jzssssr liEhts Ehlsh are eZ.
halsi in the stsrmy aszaaspheIs Of = Tev9lR50E,
10 allure the Rmsiti3rs sad dszZls tee weak"
This nav paper mJney Of the new banks Is
not q leEa-tsRdsr By Gcs Of Congress. Severn
u1sHf nay pay t to certain Of is ersai5ars, aad
il is bound 10 rseslvo is in payment OF ali ds5ss
other than dUsies On iRpsTts. Bat the Rotes
are redssmabls oaiy whsrs issued, and IS Gov
stnrasnt may pay st Kew York The issues Of =
hank a. St. Paul in d nnesOta, Is foiisWs that
the currency Of the new banks located ous OF
this city viii assume the character Of taat des
sriptian Of uncuEgent meRsy heretofore, and
aoyv, boagat by our city brokers ct 3 discoEaE.
De not uaSsrstaRS keE such l8sass can b
tzksn At tks eissTiag-house, aza trsased Is cur
raas Money il lAiB city; ans Is the proposed OBJ
is,s of GREETINGS = national euEresey with this
new nloney' vii be dsfssss3 sy he i1aTiksble
depreciation sf the isszss in places distant tr9n
tas places ct TedemREoR, 10 e49rts Of ears
skrosea the New YsTk eleariRg-hsass woaIa
avail il ccuntsfsesing the nEtarsi law OF dspre-
siat-on inherent ia ths issues thus circulating.
Hence is viii Be i1apossibls, IL ny Jadgmaat,
ke recsivs gaeh issaes az the clearing h5Ess, and
tke whole Of lAi5 rev banking system, bsiag
Intended 70 maintain csftsia unity OF purpose,
the Tsieelioa Of paTt DsesssaEilY involves ths
rejection Of the whele. No iuja-y can be dons
10 the GozsTnrlsas, or to she hsiy eaa8s Of pre-
sszviag or Essloasl life, oy permitting tzlis asW
'eurrsacy TO fsli3W ne natural AZ 81 0epracla-
Goa inherent IA sRea iBsus8 bsoaess tka Gov
srnnsnE saves na!hisg by tho issues on ths
sontrary, Govsrnnsai muss lsee heavily By
thess l. sues If al banks receive sad pay thsR,
aa3 thus esavert them into current meney 70
increase prices, and Ad2 imnassely to the "a
tioaai debt, By thus increasing the cost Of ths
war. Patriotism as vel ss aaty, therefore, cal
apoa us to Gvsid the error ef addiag tAsm to The
vslaHe Of current money, slrsady 50 largely ex-
banded.
Before the suspension Of specis Paymsnts,
nearly tWo years ago, when the question Of Ar.
ChEsu's slsBs crested uEssaInsss among Us ell,
I teen rsmsrked in Al address st ous Of cur
meetings: That se were ali dssirOug OF know
iAg bis plans FER ths futare, and RsrsiealasT the
MEASURES b prspsssd to rse0amsnd 70 Con-
Ersss l. is customary in all c9ant7ies 20 esm-
mUnieais saeh infornasion freely 10 pHrsoRs
making CREST losas, and tie azszOs rainii.sr Of
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