Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1866-01-18
ON CHANGE.

eral plan Of reform II Is mere proposed 70 odouee
a few practical suggestions, which yindicate its
D adoption. What special pleas then can our
honorable Board Of Education employ, To at
tract merchants 10 daily sessions at the Cham
> Der OF CommerceP
FIRST and most Immediately important per-
haps, is economy &sime. Take any OF these
wiuful, ana misguided school boys in COM
I meFce by the button, and grayely demand
II time Is not money, and he viii boldly
answer yes. Retain your hold Of the cross
examining button, and go on to ask n this
form OF money is not clearly assured
by the Chamber OF Commerce, and his ac-
cusing conscience viii compel him to say, il
is. Permit yourself then 20 be worked into q
virtuous passion, and demand injuriously, why
he doesn't attend the Chamber, and the nearest
approach to defense he can make will be, that
he has a dozen suspicious eggs In store, which
might sddle perhaps in his absence. Most gen
enally, he will organize himself on the basis OF
the poor boy at the frOIic, and have nothing to
cay. Now this seems 10 be a most rugged, and
unpromising sort OF material TO work upon.
DO not be discouraged however, gentlemen OF
the Board, but let Us proceed still further 10 de-
yelop this question OF economical time.
We select in the FIRST place, an example 81
familiar aud daily A wholesale
dealer receives a cargo OF goods, which he OF
] ttNiH1 y At&F1l1 u 0l1IttNc 4 NJ JIG HalAAE1A
moment, and on the best possible terms. TO
effect this, he must canvass the market. Do our
uabaptized readers know what ~canvassing the
market Of Memphis means2 For the pleasure
OF answering the question, we assume that they
do not. IL means a ~foregoue pair Of aching
legs a possible ducking, an nnascertained bu
certain amount or mud, or dust, and a severe
gymnastics OF tho temper. II a martyr comes
cut of il with Observation-Disclosures his calves
In p condition To bear him 10 a cold dinner, and
enough amisbIity left, to maintain him re-
specially as a Christian gentlemen, he Ia
every right TO expect some complimentary tes-
uInouial from his friends.
In addition TO this, the wholesale dealer in
review may lose one day, may lose many days
Ia s fruiuess quest, and lhus through the pre-
seFtption Of a false policy dissipaie ut once, his
strength, his patience, and his time. All this
while, the Chamber Of Commerce., centrally
situated, comfortably housed, and conveniently
arranged, might, II wisely administered trans
late his hours OF weary piodding into a few mo-
ments Of easy, seated, and chatty conference.
The consideration applies with equal force to
the wholesale purchaser. It is presumed that
most Of a merchants Time, is engfoSsed by the
routine Of his daily duties. The demands OF
his customers, the condition OF his accounts,
aud the other tread-mill calls Of business, leave
'.N - ..'A a1@ ~ ~A'@ 80 H' -N41N
rhs propositions Of a seller, submitted at the
counting room, therefore, are m-timed, and
/ confusing. Sound economy dictates that they
should be referred 20 a common rendezvous,
where at an agreed hour, both buyer and seller
could meet for mutual debate.
Another important consequence flowing from
a Chamber of Commerce, is uniformity Of
prices The gravity OF this consideration eau
hardly be exaggerated. Public confidence re
coils from a market, where every other dealer
sets uD an arbitrary tariHOf quotations. People
grow coy OF trading when the fact dawns upon
them, that they must either ransack the town.
OF couclute their purchases under a furtive i'm
preston, that they might have bought cheaper
at some other place. This is a positive evil,
familiar 20 every intelligent observer in Mem |
phis, and one which contributes la no mean
degree, 20 divert valuable custom TO rival mar
kets. II is clear lhat such al institution as the
one now advocated, IS the most convenient
and probably the only instrumentality through
which this evil may be sbated.
The iual, and most critical result sought to be
attained, Is unity Of action. This result is preg-
naut with significance, and worthy Of the
gravest consideration. A strong negative argu-
ment in its illustration, may be drawn from
the history Of that legislative act, which i'm
posed 50 cruel an incubus upon the industry OF
Memphis For weeks before It's passage it was
known 10 be on The calendar, and the meT-
chants here we're urged to take such counter
vailing steps, as their Interests exhorted them
10 take. We believe it IS not too much 10 say,
that il they had concerted together in q vigOr-
GUS, and explanatory protest, they might have
ayerted that signal blow to their prosperity.
But they failed through want Of a unanimous
purpose. Each man appealed in fractions sc-
cents to his u~eighbor, but they lacked concert
of aFTVs 1aaHAr-hFn HgH4rr d. aTl fNna flHu sol Z
insulated in apathy, aud saw themselves gar
nished with a milestone that dragged their
profits to The waters surface.
Thus It must always be, unless the sundered
energy, power, ana intelligence OF the place is
organized into soidity, and disciplined FOR ac-
ton. a Chamber Of Commerce includes all the
agencies for achieving this vital consolidation.
and through It alone, may we look for the de-
~ye.opnents Of the Great City eat-ures-eccnomy
OF time, uniformity Of prices, and dignity OF
policy.
Exchange.
Tire general aspect Of the money marke. Is
more cheerful than it was yesterday. A larger
demand for New York sight expresses itself,
aud a hopeful number Of operations are re-
ported, At previous quotations, buying at i or
and selling At par.
New Orleans sight is singulsrly passive. Very
little is Offering, and the racy demand which Z
characterized it some days since, has entirely s
suJsiGod. one or two tame operations are re
ported, AT former figures. buying At par, aud
selling al = per cent premium. I
sime Biits. +,
Time Bills have emerged from retirement,
with a very modest show OF animation. In
New York Time. a considerable transaction il I
reported in Siyty-days, AZ p per cent discount
We quote noininsHy, New York Five-day bills
at on, Ten-Lays ! per cent, Fifteen days IA, ]
and Thirty-days ~ New Orleans Time Is offer Z
Ing In modest amounts, but is not responded
10 with any show Of cOrdiality. We are ad Used
few transactions In Thirty-days only, at
"a per cent. of. is other denominations are
nominsi. Fiye-day bills = of, Ten-days q,
snd Fifeen-lsys / per cent OF. y
Loans {
Borrowers are as lsuguid to-day rs a sleeping ,
beauty. No transactions Of moment have oc- !
Cured. and the prices remain as before. Prime
flye-days paper = OF, Ten-days y OF, Fifteen {
days z OF, AID TLirly-days ] per cent OF
City Scrip.
NooperaIon reported in City Scrip, for which 9
stll p~ersistiu declaring, they viii only
pay a. much as ~ cents, aud which they are
willing 10 sell at 80. &
stocks. !
Government Securities are as torpid as an /,
alligator, in the mid-depth Of hybernation.
Seyen-thlrties are l~ifeless, and nominal, at 9S !
and 80 selling, with accrued interest
Five-twenties are heavy, and nominal, at 1914.
Compound Int notes are pathetically nominal, i
At the following rates. 8
Int Notes June IS4,--..l0i q
IHAN. -Nnhh D q