Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1865-12-28

From the foregoing figures, I would hke to
know how your Huntsville friend can vindi-
cate himself from the charge Of at least poets
ina The fact when he says that be could buy fur
niture cheaper in Memphis than in Louisville ;
but that taking into consideration the onerous
rates of freight on the road from Memphis and
the more moderate rates from Louisville, he
concluded It to be better and cheaper to spend
more money and time in travelling to Louis
VILE, and thereby forego the advantage offered
in Memphis. Now, by what conclusion do you
arrive at your facts , Mine are taken from the
published tariffs, which do not include heavy
charges for transient in Nashville.
Before concluding, let me say that I have ex-
erted all the ability 1 possess to rebuild and re-
organize the Memphis and Charleston Railroad.
1 have rebuilt over one hundred and fourteen
miles of II during the months of September
and October. Il was badly torn up every
bridge and trestIe on it destroyed forty or hfty
miles Of the track entirely destroyed-the cross
ties being burned and the iron rails badly
buraed and bent l am now operating it under
great disadvantages, at a lower rate for pas
sengers and freights than any other road in
| this section Of country. With the present de-
moralized condition OF the labor of the
/ country. I would Hket TO see the editor Of the
APPEAL undertake to run a railroad for one
single week, and I am satisfied that he would
retire in disgust and never abuse another rail-
road man as long as he lives. 1 am doing the
best can with the means 1 have 10 rebuild and
/ operate the road for the benefit Of the Stock
1 holders. 1 have never operated the road for
the benefit OF Memphis, or any other place,
| and. l am proud to say, no merchant or bust
ness man in Memphis has ever asked me to do
50. All they ask for is a fair showing with all
| other places, and they are willing to enter the
| field and rely upon their own energy and en-
/ terprise TO get their full share Of the trade.
I They shall have this from the Memphis and
Charleston Railrsad-tbey want nothing more.
! All have is in Memphis have lived here for
over twenty y~ears-haye spent most of my
time, and the best part OF my life, in trying 10
build up her public works and increase her
trade. population and wealth. Yet, strange 10
say, some OF her newspapers have always been
ready to listen TO every little cross-road OF
street-corner scrfbbler or croaker, and to pub
lish, without examination, every statement
they may make-withOut regard to truth; to
SANDER and mlsrepresept me and my action in
the management of a great public enterprise,
that has, and is, bringing more trade and per-
man@lt wealth to your city than all other
roads upon which your trade and NINE
dspend. Hope that hereafter when you have
1 ElA AAAAANH - A4AI AAaAAAAkAANA ~ u WIZ ER%NAH
you viii refer them to this office for expIana-
lion, trusting to be able to satisfy you, and,
through you, the public, that have but two
interests to subserve. First, that OF the Stock
holders. and second, thatof the community,
who do business with the road, so far as con-
sistent with my duty to the Stockholders The
present tariff for freight and passengers is high,
necessarily so, on account Of the high prices OF
labor and all material necessary 10 operate o
road, as well a. the enhanced value Of freights
and consequent responsibility in case ofloss.
Yours very respectfully,
SAM. TATE,
President d. &. Z. Il.
the dormant state OF the market gen.
orally, there is little matter OF interest in the
Financial world. Small lots of sight Exchange
offering at previous q~uotations-14 discount
buying, and = premium selling little demand
City Scrip.
We heard Of no transactions. We therefore
quote it nominal, at So buying and 70 selling.
Gold and silver.
A few small transactions in Gold came to our
notice. The supply in the hands OF bankers is
large, while there is considerable Offering, with
little demand. We quote the market dull al
~ to IS buying, and 49, selling. silver 30 to
g buying, and 40 selling, with mail demand.
UneGrrenf Funds.
a general activity characterized the market
this morning. Holders Inclined 20 hold, and
Brokers more willing 10 invest We note no
changein quotations.