Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-06-16
FINANCIAL AND C0MMERCIAL.
OFFICE OF THE DArLY APPEAL,

MEAEhASs duu6 IL Aoofs
Notice has been given by the Comp
| troIler OF the Currency to all persons
holding claims against the Tennessee
national bank of this city to present the
same, with proof, to VIM. A. Hill, the
receiver.
There was the usual dullness in money
circles to-day, rates of discount continue
from 8 to y per cent, with transactions
confined to renewals almost exclusively.
Gold has not varied for several days,
buying at 354c, selling at 36l to SIC.
In silver sales are unimportant at 26e.
County warrants are lower and dull,
50 to SIC is the offering rate selling
at SIC.
In scrip there was little doing, although
the inquiry during the day was good.
Brokers offer 81 to 63c. without success.
and are not anxious TO sell. The result
Of the election to-day will effect this
money favorably.
Police scrip is dull at zoe buying and
selling at to SOC.
Excha~ is scarce, and rates have
slightly varied since our last. The
buying rates OF New York sight are at
par to discount; selling at to pre-
MUM. Exchange on st. Louis, Louis
vile and Cincinnati is bOughtat thesame
rates, and sold at to premium. There
is q little doing in New Orleans at to !
off buying, and selling at par.
A sale Of $1,000 Memphis and Ohio
railroad stock to a broker was reported
at 1919 also $4,000 in City rBilroad stock
at Boo.
We learn that the United States mar
shall is endesvOring to enforce the pay
ment of judgments rendered by default
in the revenue stamp cases which came
up some months ago. The papers, in
these cases. were forwarded by order OF
the department to Washington. and in
many instances have not been returned.
Those, however, which have come back,
have been cancelled by the government,
and all further action in the matter
uuashed. Mr.. Twomeny Is, we learn,
endeavoring to recover on such as are
not heard from, and does not seem will
ing to await either their arrival or in
structiOns from Washington to the dis
trict attorney concerning them. As
there can be no doubt about the decision
in the matter at Washington, we think
that there Is ne need q enforcing pay
ment at all.
The new line of railway being built
between Cambridge City, Ind, and Lou
isviIle, KY, will be opened on the 4th OF
July with an excursion. The distance
between the two points is 100 miles, run-
ming through Nashville, Shelbyville and
Columbus, Ind, making the route to the
east, from Louisville, thirty miles
shorter.
Lafayette county, No, is the richest
hemp countryin the union. 1t is esti-
matedShat 1000 tens were shipped from
that county last year.
The Union paper collar company of
New York don't seem disposed to prose-
cute Sleir suits against rival manufac-
tuners. sphe latter charge that the patent
of the company is a fraud, and assert
their ability to establish it in court.
The Montgomery Mail learns from a
gentleman who has seen the report Of a
scientific commission, published in 3
European paper, that to Alabama has
been awarded the palm Of producing the
most superior minerals OF any of the
states represented. There has never
been any doubt as to the abundance and
superior quality Of the undevelOped min
eral~ resources OF Alabama, and the report
OF the scientific commission in Paris for
ever settles the matter.
w. H. Langley, miller, Of Gallipolis,
Ohio, is represented to have failed, with
liabilities TO the amount of $4,000. He
has his life insured for S8OO,O 00.
Among the assets turned over by Mr..
T. p. May, TO make good the defal0stiOn
in the sub-treasuTy at New Orleans Is the
New Orleans and CaTrollton railroad,
seven miles in length, which is now
operated by horse or mule power. MI.
May had a lease of it for thirty years, at
$4,000 per year, with an increase of $500
each year. Certain friends of Gen.
Beauregard now desire to purchase il,
and offer $3.50, 600, which the government
declines, and will offer it at public auc-
ten to the highest bidder. The new
assistant treasurer has not yet perfected
his bonds, and Mr.. Knox, the treasury
agent, is still in charge.
Last year the people Of California paid
taxes to the state andlocal governments,
amounting to s., 693 ,SS3 and to the gem
eral government, $751; 900, 900, making a
grand total of $50, 693, 773. According to
Langley's directory for 1867, in which
the latmt estimate sppeSFs, the total
vr&Ie 81 property in California, real and
personal, last year was Sl97, l93, 345. BY
making a simple calculation the reader
will find that the taxes amount to over
twelve per cent. on every 500 of property
in the state.
The receipts of the internal revenue,
thus far this month, indicate that the
commissioners estimate of So, 900, 900
for the month will be reached, which
will make the yearly receipts in excess
Of the estimate made last March. The
developments now being made regarding
the manufacture of whisky and its
escape from the payment of the tax, will
bring the whole subject prominently be-
fore congress at the next meeting, when
the auction of raising the revenue will
be greatly simplifed ifmeans are devised
whereby the tax can be collected on the
greater portion of the whisky that is
manufactured. This done, and the taxes
on all other articles could be largely re-
duced, for whisky wouldpay Sl5Q,0l0,Ol DOC
alone at the present rate.
1t is supposed that the suspension Of
the City Bank of Vicksburg, which we
announced a sw days ago, will be but
temporary.
There are in the treasury department
at Washington $50 clerks, and the bust
ness transacted during the last fiscal year
amounted to $3.50, 1907 49,.
At an auction sale the other day Of oil
stocks in Philadelphia 1000 shares Of a
IOTlneI leauiuS lauCy NSAS SOiu iOA - JOi
or One-eighth Of a cent per. share, and
5000 of another favOrite stock at a quarter
of a cent per share. These shares were
once sold at a heavy premium. and rep
resented an aggregate of $50, 600.
In the case of the brig Dashing Wave,
at New Orleans, Judge Mervin, proctor
for claimant, iled a motion thar the
court order the production in court on
the 18th instant Of the books and ac-
counts of the first national bank of New
Orleans. By these the proctors for claim
ant expect to prove that Mr.. Cuthbert
Bullitt, late United States marshal, in
stead Of having suffered by the suspen-
sion of the bank, as he alleged in his an
swer to the rule taken against him, ac-
tually stood indebted TO the bank in the
sum of S65, 1000.
The court ordered the books to be pro-
l-o.1 90 nranad for