Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-04-20
FINANCIAL.
oFFIcE or THE DAILY AF,rEAL, ]

OFFICE OF THE DAILY APPEAL, !
MEMPHIS. April ls, lsi7
The financial affairs Of eur city con.
tinues in a torpid state. Our banks re-
port good supply Of currency, with q
light call for it, but the latter is owing
entirely to the gauntlet which the best
Of paper has to run before it can be
discounted. ogerehecking is strictly
guarded against, and accounts are Kept
well up. Gold is still ascending, and, as
a consequences, is not offered for sale.
/ A few small sales took place at Soc.
| In silver there is nothing doing.
Brokers offer q to 2sc, and sell at zoe.
Cnp scrip is in a little better demand,
bat none offering. Brokers offer to buy
at IS to 80c, and. sell at 5s to 62e.
County warrants are more active, and
have advanced. Buying at Soc, and sell
ing at 50 to soc.
Exchange has been uniform for several
days. There is but little offered, with a
very light demand. Eastern buying at
par to ! discount; selling at 3 to pre-
MUM. New Orleans buying at Z dis
count; selling at par.
In bonds aud uneprrent money
there is but little doing, and our
quotations are nominal. Memphis and
Ohio railroad bonds, 25 to 9Qci Memphis
and Little Rock first mortgage bonds, 20
to soc Memphis and Charleston railroad
bonds, 65 to zoe; Tennessee bends with
coupons, 40 to soci Tennessee bonds,
new, 55 to eOe; Mobile and Ohio railroad
bonds, SO to 55cj Memphis city coupons,
60 to 65c; Memphis city railroad bonds,
so to SOC.
Police scrip Is in good supply, and
brokers only buy sparingly-s0c waS the
best offer we could hear of during the
day. Selling at So 20 9Oe.
The rates of discount at the different
centers Of Europe varied suddenly and
largely during 1866. At Hamburg there
were no fewer than thirty-one changes
II the time mentioned. In Amsterdam
the year opened with 6 per cent. as the
rate of discount; after running round
of remarkable variation 1t ended the
year at a. FRANKFORT began the year at
9 and enied it at al.
A reward of S20,0 is offered by the
president Of the First National bank at
Selma, Ala, for the recovery OF the
money recently stolen from. that institu-
ton. The following card appears IN
Selma exchange:
SELMA, Ala, April Is, 1S67.-nessrs.
Editors: The severe loss of one hundred
and sixty thousand dollars sustained by
the First National bank this afternoon,
By robbery, prompts me to make this
statement: The robbery occurred be-
tween and pm, while th8eashier.
book keeper and runner CT the OanR
were absent at dinner, or on business,
the undersigned being alone in the
bank and If any c4relessness can be
attached to any one, he alone is the
party to bear 1t.
Ii is evident the robbery was commit
ted from the side door Of the bank while
the writer was engaged at the front
counter. JNG. Nj fARkliAA, Fres't.
As there are yet some of our citizens
who may not have seen the Instructions
issued by the treasury department rela-
tive municipal or corporation currency,
we publish the following correspondence
which appears in the Montgomery Mail:
MONTGosIERY, Ala, April 9, lS67.-E.
4. Rollins, Commissioner, Washington
Cify: Are notes issued by states and
counties taxable like notes issued by
towns. citiespor municipal corporations.
". H. 0GBOCRNE, Treasurer.
REPLY.
Promsory notes issued by states and
counties, not subject to stamp duty.
Notes issued for circulation, as currency,
taxable as notes of banks are taxable.
T. A. ROLLINS, COm'r.
SECOND DISPATCH.
April 10, Is67.-E. A. Rollins, Com
missioner: If states or counties issue
notes Tog circulation, as currency, to pay
their Indebtedness, and pay 10 per cent.
tax on the gross amount issued, are the
notes taxable again for one year?
Replied to as follows:
"Aftar May Ist, tax Of 10 per cent.
each time notes are paid out by bank,
banker or associations.
TH9S HkRLAhD DaDaty Can'r.