Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-10-03
FINANCIAL AND COMMERCIAL
OFFICE OF THE DAILY APPEAL,
OctOber . 1887.

MEMPHIS, October 2, 1857.
Gold has again made an upward movement
In New Yoik ~ day, where 1t opened at 455s at
noon II had advanced to 43Hs, sand closed Ht -.
AZ TO SIC were the buying rates hero, with
small transactions.
Silver Is LuyiDg at 81 70 83c.
Exchange Is in fair demand and plentiful.
Eastern sight Is ~boughtat par from customers,
and from = 70 on rom outsiders. Selling al
City scrip is dull at Soc buying selling at sec.
County warrants are steady at yesterday s
figures, al SI' E fG@s ~ 9 n X q Will Lo' onef
Police scrip is held At CSC In nrst hands, and
dea.eIs sell at s. TO Sc.
A purchase Of 500 seven-thirties, second Sc
ries, al lO51<. and 5000 compound interest notes
iOct. 1863 a. lie, was reported to-day by the
ManhAtIan Savings institution.
John J. COnk1n, cashier Of the First National
bank OF New MilfCrd, has a~bscOnded. His de-
falcstiOn to the bank OF $4,000 was caused by
stock operations.
county, N. Y, Is reported 10 have failed. It's
capital, Sl,2O0 700 Is Understood TO have been
wasted, and serious approximations are enter
tanned. 1he STOCKHOLDERS have been assessed.
II is quite probable that the treasury depart
ment Will modify the regulations recently
issued, relative to cotton in bono aud in tran
sit The new regulations, ike those regulating
tobacco and whisky, seem TO give great dIssat-
n is reported McCulloch is about to commits
sion a number Of agents TO examine into the
nuanciRl affairs OF the national banks In all
large cities, with a view 70 ascertain the actual
amount OF ueDOhlLa III thAAs
There Is no rscuetion OF the public debt for
September. A rumOT is currenIi In some official
circles that the my million doIlers Of new
three percents viii soon be re-i-sued The gold
reserve OF the treasury will be maintained, and
the goId will not be SOLD hereafter, un!ess the
treasury is in need OF cuTTency 10 mestItsdRil
obligations. II Is the belief OF Mr.. McCulIocn
thst the revenve receipts win soon show an
important increase from the tax upon cotton
and whisky.
August. SS54,4Sl 81 worth OF tobacco manual
tured AZ DaHviiie, Va, was reported to the rev.
enue officer,
papers OF VIII h are said ~ contain 500 green
backs, IL Is remarked that one may chew u cen
tury before he nnds one. Hence the name.
others, the more prudent consumers, 90 not
take o Il the bank note Immediately on open
ing the paper, but leave II to keep the tobacco
moist.
The number OF patent Is Issued in England last
year was TWO thousand one hundred and
twenty. four. The hLamp duties upon these
patents amounted TO fll4,46l, q sum more than
double the expenditure 81 the department.
Thee receipts Include E3l,4J Tor continuing
old patents beyond the nTst three years OF
their term OF fourteen years, ana E2I,9J0 for
continu Hg ola patents beyond the irsL seven
years OF their term. The fee OF 80 for c~ontinu-
ing a patent beyond IT'S thtId year Is paid on
abOutthirty per cent. Of the patsnts Issued, and
tue other seventy per e becomes void at The
end Of the three years. The further sum OF
Geo payable al the end OF the seventh year, Is
paid on about ten per cent. Of the patents
issued so thar ninety per cent are allowed 10
become void at the eud u the seven n year.
\ seat in The Frelbh cabinet Is d lucrative
position. HeIe are the salaries PAID to some o
The french ministers. The differences result
nom the additional Eums which they receive
as senators, marshRls, members OF the legion OF
honor, elc NJ Duray, minister OF pubic in
sIucuOn, $4,000 francs the Marquis de Nous
tier. minister OF foreign affairs, 10000 flames /;
Marshal Valiant, minister OF the imperial
household and Of fine arts, $4,000 francs the
marquis de LavaIette, l5U,OOJf francs; M. Rouher,
minister Ofhtate and OF nnance, 80 ,O00 francs;
Marshal Nell, minister Of war, 8O,UO Tancs
M. barOchtr, minister Of justice, l0V,O0 francs.
N. Glsis-BizOms The democratic I, preventative,
had these enormous EAlalies IN view when, at
the last session Of the toTps iegislatif, he novel
for an Increase OF the salaries Of the lower civil
and military officers OF France. he said many
q colonel who received 600 francs a year, was
a better soldier ard better citizen than these
neW-ne1ked iuarshals Of the second emn1rg,
who received hundreds Of thousands more for
political than m Itary service. Marshal Neil,
who pOckets his comfortable $4,000 francs a
y ear, COOlIy replies 10 the democratic represen-
tative that, so far as the French army was con-
cerned, no such increase OF salaries was neces-
sary, The officers being proud Of their honOra-
be poverty.
Tie san Antonio Herald contains q card from
NJ Walker, part Of which we extract IL has
been my misfortune TO be imposed upon by
a villain, calling himEelfJno. z. Brodig n who
came 10 This city bearing letters OF Tecommen-
daten from gentlemen OF high responsibility,
one nom eL-GOY. Wise, OF Virginia, which in
dorsed him a. n gentleman and further stated
that he had seven thousand five hundred dol
lors ia EaEE. be hkewise imposed upon a
worthy frlend OF nine, who nrst approach d
me on the sa G Of my office. He made the pur-
chase OF TIE Gazette and gave me drafts, signed
by ]. II. Norris, cashier OF First National bank
OF Meupnis, lem, on the Fourth National
bank Of New York These drafts were placed
in the hands OF Mesgrs. Raymond & SWisher, Of
this city, and by them transmitted to ~SwinsOn,
Perkins & Co, New York, by mat, with In
stTuciiOns 70 telegraph their payment. On
Tuesday evening the telegram was received
stating that the drafts were worthless.