Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1864-06-23

The long advertised sale OF six per cent. non
taxable bOads lock place yesterday in the ball
over the City market As might have been ex-
pseted, q large s~s5sInblags Of solid men" was
ia stEs1danes, not only from this city, but from
abroad General expectation looked to = small
premium on the bonds, not exceeding in any
instances one hundred and twenty-five; but the
temper Of the audience yielded 70 the eiTeum-
stances Of The hour, and, a. viii be seen, the
prices ranged considerably above that named.
The picture Of the scsne was worthy Of The
pencil Of an artist. Five millions Of dollars
were ss stake, and, As toe representative Of this
| gOOdly stake, there stood in the background the
rotund form Of the assistant treasurer, W. Y.
Lsifeh, Esq, his white hair, rudy fscs, we'll
cut profile sad jolly eye bssming with p~seuni-
ary expectations, YET indicating not 3 Httls Of
the anxiety incident TO bis position as the agent
Of tbs Government.
Thsn came our friend J.. G.. Gib5ss, Esq who
writes his name with equal ealmness in success
OF adversely to a check f0f one or one hundred
thousand dollars, watching with hislsTge brown
4 eyes and no htile interest the disposition OF the
precious paper committed to his charge while
third in the iiss Of Off sials was the tims-hon-
0rsd 7. W. Hordeeai, the aueti1neer; every
line Of whose mouth was drawn down to the
| eoatsmplatios Of the ciphers thas vera 70 run
up his valuable seoTe-s study for Lzvster.
The sadisncs consisted Of everyb0dy-bank-
eTs, bank presidents, c~s5hisEs, t~elleTs, money
manufacturers, merchants, railroad presidents,
brokers, spectators, and business men gener-
ally, with faces like = bank note, every line Of
which meant money. Mr.. MnTdecai commenced
his vocal exercises, about hslfpsst eleven, By
announcing that he would put up & bond Of one
thousand dollars, Hith = privilege Of ten. A
slight pause, and there came = modest bid Of 5,
10. -, 20 sc, :, g., g..
MIR. Lsiteh here announced that be would
lake certificates OF deposit from assistant treas
urers at various places for the purpose Of fSeili-
tstiDg payment a. this point
100 was bid. "D0 I hear 32f' says ths aac-
honeer, Your last opportunity. 13i" half
Mr.. Leiieh-"Why, gentlemen, the cotton
bonds are quoted at 100 per cent, and thess are
decidedly better
A Voice-Hl32-I33"
Mr. Lsitch-'G entleme viii understand that
these coupons pay export and import duties, and
are equivaisnt to coin"
A Ysiee-"I34" Best stock yea esn get IN
the world" says the sucti0ner. Obs; bid quick,
gentlemen-they may go up to 300 Do 1 hesr
taking to mes Why, gentlemen, that's
nothing for these bonds. 9, 20. Go On, gentle
Wsai there is no knowing vhea my music may
give Out-4l, 2, 3, 4, 5, 60" Mr.. Lsiteh began
~ LOOK like a philosopher, Mr.. Bruns, DiogsOes,
aud the aucEiODssr said more sugar-plum things,
"l47, g."
Gentlemen wriggled in their seats, and look
ed handsome in the magnificent intensity Of
surprise. ~'149"-s psuse-R cascade Of slseu-
tionsry Commodities from Mr.. MordecAi. $50"
the gatts peTchs eff psliSnea stretched e its
utmost limit. DO 1 hear Isl Z" "15I," in a
modest voies. Third sud last, gentle nsn-I5I
once, Isl twiee-fair noIics-l5I thIss times
and sold TO Mr. -" The bidder quietly an.
nouuc5d 8 l 1000 It was OGlya "~fssisr.'
TIE ice hsd been broken, and the work was
commenced. Bonds IN various sums were put
up, ranging from $40 600 70 500. 600, and The
rest Of the sais showed marked depreciation,
the prices ranging from ISL to I35, st which
price the sueaon Was closed, and 3 considerable
namber of issneisrs were content 70 invest
The total amount of the sale WAS sos, COO. The
only drawback to the sale was want Of money,
snd had Mr. Nemminger properly provided sAs
county, with funds, by paying his dsbts or al
lowing orders on the Treasury Department. to
be given, he would have realized probably =
dillon more. VeTbuA sat COta1sbia Caro-
iataH, 22d