Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-01-13
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Annsnnr- N.Yunvr- IL TGe-

MEMPHIS, January L, 1867. :
Gold has met with a slight adj
vance since our last, and brokers to-day
bought at 81 to 3l3O.
Silver is scarce. Brokers offer 20 to
23c.
City scrip continues very dull. Brokers
buy at 90 tO 65c and sell at zoe.
County warrants are in fair demand
buying at 30 to &c, and selling at 80 to
97c.
Exchange is yet quite dull. Banks
buy at oil, and check at par to oil.
In uncurrent money We nave no
change TO report. The want of currency
prevents speculation, and brokers only
Keep on hand enough for their immedi-
ate wants. We do not alter our quota
tons. They will be found correct
Bank of Tennessee, 55c Rank Of Chat
tanOoga, 70; Bank of West Tennessee,
IS; Union Bank, so; Planters Bank, 50
Bank of Memphis, par Bank of Middle
Tennessee, 80; City Bank Of Nashville,
80 Merchants Bank, IS; OcOee, 20;
Bank of SheIhyville, 50; Traders Bank,
80; Southern, 70.
BONDs.-State Of Tennessee 6's, long
loan, SEQ Memphis city bonds, with
coupons for 1861, zoe Interest coupons,
45c; Memphis and Charleston railroad
bonds, soc Mobile and Ohio railroad
bonds, 64G; Mississippi and Tennessee
railroad bonds. G5D.
NEW FINANCIAL SCHEBiE.-The bill
introduced by Mr.. Randall, of Pennsyl-
vania, and referred to the committee on
banking and currency, authorizes the
secretary of the treasury TO issue on the
credit Of the United States three hundred
millions treasury notes not bearing inter
est, to he legal tender in ann as au-
thorized by the act Of February, %, 1862.
The amount to be issued in any year is
not to exceed one hundred million dol
lars TO be exchanged for the issues OF the
national banks aud for the purchase Of
the national Indebtedness or bonds as
may be necessary to carry out the true
intent Of this act. The national bank
notes received in exchange for treasury
notes are to be cancelled, and the certiti-
cafes of national indA ltedness and bonds
to be purchased at4 ,he market price.
The secretary of u treasury, attorney
general, secretary OFthe interior, treas
urer Of the United States, and comp
trOiler of the currency are TO be the conn
m~issioners of the sinking fund. The OBJ
iect and effect of this bill is to pay the
national debt in thirty-two years, with
an appropriation of $4,000, 600 ayear for
AAiAr EuA A1Ln-
PUBLid Ea-The statement OF the
secretary srseasury shows . rsdue-
ton Df tnSSatuf4 sac month of Decem-
Der OF &c. Af9lsaj The volume 1880
notes was II I'D 81, 137,l50, ana of
compound iiserest notes, -, 4S6, BOG,
making the reduction of currency inter
~est-bearing floating debt SIS, 243, 45G.
There are still out s676, $50, goo of the
former and Sl44, 900, $40 of the latter
issue, all of which mature during the
heXt twenty months, and must be funded
or paid off before q eJu can be had to
specie payments. This will require an
average Of over S40,0 900, coo Q month. As
the government cannot pay this indebt-
edness it must expect to fund il, and to
do this it must keep money easy. This
does not appear Ia be the idea of Mr..
McCullOoh. Notwithstanding the diff
Guilty he has experienced in funding the
debt he has Withdrawn frazs circulation
legal tender greenbacks to the amount
of 81, 944, COZ. The coin balance in the
treasury iss497, S4l ,967 against sos, 16s, sl6
last mOnsa an increase of S2,673, ISL,
while TIT gold certificates of deposit
have decrt1sed S., 1888, $50. The total in
crease of .lcOin balance, therefore is
S., SGG, GTl!t
~" o" ~
NEW YORK, January ~, 10 a.m.-Gold
opened at 81.
II a.m,-Cotton sitter but not quot
ably higher, 341 to SO. Gold, 33S. Ex-
change, 81.
1890 p.m.-Cotton quiet and steady.
Gold, 81.
2:30 p.m.-Ootton quiet and steady.
Liverpool report had no effect On the
market. Gold, 24,
3 p.un.-GOld closed at "a.
LIVERPOOL January u, nOOn.-COt-
ton frmer; sales to-day 5000 bales mid
ding uplands, 15d.
LONDON, u, noon.-5-2Os, 72s.