Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1865-12-14
FINANCIAL.


We heard a gentleman Of this city remark
the other day, in view OF reigniAg epidemic
OF locomotive disasters, that nothing could in
duce him TO stir heneeforth from Memphis, ex-
cept in a safe carriage, drawn by a pair OF ser-
GUS horses. laboriously reduced in flesh He Is
not a man Of weak nerves either. He is per
fectly capable Of kissing a pretty woman, with
out hinehing, and has been known to face q
hot whisky punch, with conspicuous gallantry'
He is the type Of a large class Of solid gentle
men, all OF whom are equal TO this admirable
heroism, but who at the same time, defer with
charming grace, toa middle-age Instinct OF pru-
dence, For the consolation OF this conservative
brotherhood, we offer a scheme for their consid-
Grafton which the teeming brain of the North
has late evolved.
YRnkee Invention has sat upon the fruitful
egg Of Railroad, and Steamboat accidents, and
Matched a plan for p~lueking them, OF some OF
heir deplorable results
1t consists in the organization OF a Life, and
Limb Assuring Company. The policies Of this
Company are so arranged thataman can assure
himself temporarily, or for an unlimited time
and they are so comprehensive in their provis-
ions, that the entire catalogue OF personal risks
Is embraced.
A father OF a.family, wishing 70 make a days
journey by rail, but deeply impressed with the
genius which Railroads have developed for
unsettling the human anatomy, drops ten cents
into the soliciting palm OF. this Company, and
goes on his mission, with a mind ~entirely at
rest, on the subject Of his legs
A devoted husband, who has aiSteamboat
trip in view, but who Is mindful Of the extraor-
binary talent which Steamboats, have recently
illustrated, for colapsing Aues, has only TO
contribute a matter OF ten cents, and he may
claim fellowship with that sublime gambler on
the Mississippi river, who exclaimed, in thevery
acme ofan explosion, /" Let her bloi0 up and Dc
id, I'm setjHi behind four aces"
\ courageous bachelor, actuated, by a noble
equestrian ambition, but feeling IN the very
bottom Of his heart, the precariousness Of his
seat, and knowing the traditional tendency OF
all horses, to shy, deposits his bit of fractional
currency, and embarks With serene soul, into
the most involved exploits Of equitation.
Thus we perceive, that every class Of society,
and every description Of fortuity, is provided
for. and tho physiognomy OF disaster, is softened
N some Gifts harshest aspects.
There IS yet another feature, which COM
mends this novel organization. 1t undertakes
something more than the mere assurance OF
life. In the event OF an accident TO one Of its
patrons. which does not extinguish life, but
merely disqualifes for business, it contracts to
pay over an agreed weekly allowance, 70 him
self or family, until restored health enables
him t~ofreturn 20 his usual avocations.
Contemplate the world OF mental relief. which
such an Institution must dispense 70 the anx>
ious women of eur land! Steamboats, would
cease to Cypress their souls; a load Of fearful OBJ
loquy would be lifted from Railroads; horses
would become the object Of amiable contem-
plation; and even garroers, would lose their
popularity, as a theme for mysteries.
Under the benign sway OF such a Company,
our wives might aspire TO the Ghics Of that IA
nous bride, who visited Niagara The bride
groom wished to go under the falls, and witness
their curious rainbow illusions. The way was
perilous, and the bride objected. The man
however, like most husbands, was pig headed,
and persisted. This overeame the young wife,
who flung herself upon his bosom, and ex-
claimed, in an agony OF provident love, "Ifyou
uU go, Oh, my adorable George! leave your
pocket5o0k behind."
Let rs hope that an agency OF this admirable
institution wiI.be established in Memphis, and
thus inspire our women with composure, and
our middle aged citizens, with confidence in
the prolonged integrity of their legs.
Exchange.
We have TO report the same tightness In New
York sight, which prevailed on yesterday. De-
mand continues to lord it over supply, in the
most nnbrotherly manner. The absence OF a
cooperative policy among the. Bankers, now
ever, has repreSsed the advance of premium,
which the situation would seem logically TO
suggest. The Banks 10 employ a favorite idiom
Of Miss Brsddon's, are frightened Of" each
other, and hence, the previous rates still main
.ain themselves. Transactions therefore, in as
large amounts as can be commanded, are going
on actively, at = discount buying, and 4 pre-
MUM, selling. As usual, there are no modih-
cations to be noted in the movement OF New
Orleans light. Only small operations are re-
ported at y per cent. discount, buying, and sell
ing at par.
Time bills upon New York are remarkably
Inactive. The tightness of the New York mar
kst, observed in yesterdays article, still exists,
and as this prevents the funds invested here in
Time bills, from being used there as a basis OF
sight Exchange, our Bankers show extreme re-
luctanee 10 deal in Time. As a result, only tri-
fling transactions are reported, and at IN
changed rates. We quote Five-day bills at y
per cent. Off; Ten days at q Fifteen days at
cent and Thirty-days' At II per cent, or Re
markable tameneSs continues 70 characterize
the movement Of New Orleans Time. Incon-
siderable operations in it are observed, at for
mer quotations. Five-days' at l per cent, of;
Ten-days' at IA; Fifteen-days' at ~; and
Thirty-days' at per cent, of.
Loans.
The extreme activity in the demand for dis
count, already noticed, has increased; and to-
day, 1t may be safely stated, to embrace his
wife, in addition 10 the everybody else, who
wished to borrow on yesterday. The introduce
ton Of this feminine impulse, has not however,
extended the margin, and accommodation are
still restrained within their ordinary channels,
and at about their ordinary volume. We con-
tinue TO quote prime Five-days' paper, at = dis
count Ten-days' at 4 F~ineen-days' at q and
Thirty-days' at l per cent. discount.
City Scrip.
A small sale OF City Scrip is reported to US to-
day, at 20 cents. Some buying demand still
manifests itself, but only for trihing amounts,
at s. cents.
Stocks.
sevcn.thirties are frightfully quiescent, at
their unchanged nominal rate, Of 30 cents, with
accrued interest.
Gold and Silver.
The renewed unsteadiness of the New York
market, again reacts upon Gold, here, REFRESHING
its activity, and confusing its quotations. Some
Of the buyers are only offering 4fc others
again, are willing to give 6c; while the selling
rate AdN AEIiAueA % ANyAA ~ sAhGA Ao IA
good demand, and its supply is scant. This
want Of correspondency, is gradually closing
up the gap, between its quotations, and those OF
Gold. To-day it is buying promptly, at CSC,
and selling as readily, at 40c.
Uncurrenr Funds.
A gradual decline Of activity is beginning to
exhibit itself in the movements Of Southern
Money, accompanied by some huctuaton OF
rates. In North Carolina money, we observe
that the Banks Of Cape Fear, and North Caro-
lima, have each fallen from 40 TO 90 cents on the
dollar. In south Carolina money, the Bank of
Newbury has fallen from SOC, 10 sc the Bank
Of Camden has advanced from 9c, 10 SIC
and the Peoples Rank has fallen nom Soc, to
Fc. In Georgia money, the Marine Bank has
advanced from zoe, to 7Jc. In Tenuesseemoney
the Bank Of Chattanooga has fallen from &c 70
25c, and the old issue OF the Bank OF Tennessee,
has dropped from CSC, to Sc. The annexed
table will exhibit these fluctuations:
VIRGINIA BANKS.
RanE n RprElav T5AGR NJ VIRGINIA N