Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1866-01-09
ON CHANGE.


We have TO ersvo the induigsns eonslderatlsS
j ofthe reader, with reference ID a statement
made some time since, touching the ChamheI
OF Commerce. II seems fated shat we shat
never be able to hazard e sanguine view Of thai
orphan institution, without having to apologies
for e very soon after.
Deceived by the glamour Of an apparent in
como. we set forth the financial condition Of
the Chamber, and cheerfully announced thatii
was a selfs1pporting concern. We were even
so far decoyed, as 70 hole out TO It's officers fat
tering assurances or their being certainly paid
Il remains 20 be hoped, that these Innocent
gentlemen were no. fatally misled. The beguil-
ing circumstance which dupsd US, was the la
crative atrocity OF our hfy "wise men, In fall
Ing 20 do what they expressly declared they
could, would, and should do. The fixed and
generous flavor Of repcnus, suggested by this
declaration, led to a arm belief that the Cham
ber was solvent, and even mouied.
It has lately transpired that this havor IS de-
ceptive. "Parturslnt 7~n0uts5, 8, aasciur mus"
Literally e~xpounded, this means much cry,
and little wool. Applied to the case in point,
&c signides that Instead Of ruaping a golden bar
vest, the Chamber has gathered mary red"
and q might be further ~added-nary green.
Any inquisitive reader is permitted to ask, II
&c SN-A0 Af why tAF AuNiAANNA ~ ~ NAA
upon It's unnatural hidre TO settle NJ. And
Indeed the question seems reasonable enough.
Glendower-if we rccolect-once avowed on a
trying occasion, that he could invoke spirits
from the Vastly deep. Certainly, said the mad
cap Hotspur, il Is easy enough 70 invoke them,
but the question Is, viii they come:
Our nfty pet members &C the present time, are
Inhabitants OF that Vastly deep. Aware oft h.
disagreeabie possibility Of being invoked, they
have wisely arranged 70 obviate that posi-
hlity. Before an invocation can be conducted,
wifi any hope Of success, you must ind a man
who has the gin OF hocuspoeus. This gin, our
sagaclous spirits have retained among them
selves, and hence, may remain safo from dans,
in the dark, ~unfsthomed caves OF ocean buried.
In o;hsE words, II the vulgar truth must be
told, honestly, and rudely, the power to exact
Ones, not having been delegated 70 any special
party It remains as a sort OF undivided interes,
in the collective body, which is not at all col
.ectlve-of fines. The Secretary can't collect,
and the secure debtors treat the matter with
sublime aasoaciGnes. This is a handsome word,
borrowed on short time from the French Ian
guage, aud means, I don't caro- a not much
% speak o.
The Chamber OF Commerce has opened a
credit account with Itself, and itself Is getting
aeels ever head IN debt, with shocking activity.
Instead or exhibiting that deep financial STRAIT
egy, to which 9Ir. AcCuIloch's admiration was
% dehanuy invited, 1t would seem that It ia
only making bad debts, TO the amount ofabout
thirty-hve dollars a day. The Chamber OF Com
nerce has only TO pursue this policy with SUI
Icient steadiness Of purpose. TO sink after
awhile, under the accumulation Of what ii
owes 10 itself. Having accomplished this, It
VIII at least have the satisfaction OF feeling, I
matt II has contributed = novel feature TO the
history OF bankruptcy.
These remarks, have an appearance OF look
ing with a certain aspect OF reproach on the ex-
s~ept0ual nifty. The appearance IS not d~elusive.
It Is the design Of the APPEAL, TO treat them
With a mild, p~aternsl. and regenerative sever
lty. From the generous patronage extended TO
them, a clear title has Injured to US to arrest
chem In sinister courses, by grave and rsforms-
lory hOmillss. WhO, II not We, have a right TO
,xpostulats with them: We discovered them
lut IN the cold foundlings by lineage. lonesome
isto situation, and improvident in habits. We
scquesJered them beneath a maternal wing; We
adopted them patted them on the back; prom
sed fu6 things for them took them from IN.
Ter an incarcersdng bushel, and opened une-
IuallGd facilities, Tor their light 20 shine In an
manner We therefore claim the step
mothers privilege 70 scOld, and do hereby re-
with them seriously, painfully. sol
.mniy, sHietively, patheticaliy. not 20 say
n much lri0uluti0u.
Time was, when this Chamber was 4 CONNER
.aI As-e1, 20 which the merchant T. OF Memphis
Irongsd with q regular devotion. Time was,
it witnessed IN a single session, the e1-
hange OF untold thou-snds. Time was, when
be mauifssts OF steamers were exposed upon
IS walls, and priceless cargoes changed hands
,efore they were debarkei from the boats.
time was, this time may be again, but for
ne present, this time IS ass2redly no more.
So oyerwesning is the Importance OF this neg
scted Institution to the city OF Memphis, that
70 shall not fail Ia future articles, to enter
pom a fuller detail Of its many advantages.
Exchange.
New York Sight comes forward from satur-
ay last with only q moderate activity. Supply
nd demand seo.a 70 have discharged all the
! blood existing between them, and are to-day
evenly balanced than FOR a long while
Tao rates remain unchanged, buying at
81, and selling a. par.
New Orleans sight Is remarkably active, and
smsrka5ly scarce. very brisk inquiry was :
q foot, but It met with no responsive love
lent, and transactions were consequently few,
nd very firm, at previous figures, buying at
ar, and selling AZ = per cent. premium.
Time Bills.
A faint suspicion OF life was manifested to-
sy in New York Time. Some respectable ne
were reported to US for Thirty-day
Ills, at "a discount, and for sixty-day Bills, az
s per cent. discount Nothing in New York
was otherwise remarked.
Very little is offering In New Orleans Time. J
s movement IS therefore slack, aud only 8
W operations are reported fo- small amounts, "
nd CT former rates. Eve-day y OF Ten-days
on, Fineen-days ! per cent, and 4 irty-days
Z per cent. OF. =
Loans
= mil5oz movement is observed on the part
the borrowers, than for some days past, and !
,1sequenuy, bat q moderate number OF dis
Is reported, and that in the ordinary .
Quotationsremain as before. Prime
iye-days a on, Tsn-days =, Fifteen-days3%
I'D TLirJy-dsys per cent. OF. e.
city scrip.
CRY Scrip has walked VI 10 a stunning life. a J
.gorous and even importunaie demand pur- Z
led It the entire day. The supply however
as coy, and scarce, and we learned Of only y
pc or two small operations at 20 buying. and
selling. )
stocks.
Nothing worthy Of remark is doing IN Seven
lirIes, which ars quoted nomiually 9s buy
g, and 90 selling, with accrued interest. Five Z
are in a similar state OF quiescence, at
~. No movement reported IN Compound n
otes which are reported nominally.
JmpOund Int. Notes June, lSH,---I1i "
" Univ. .ALiL