Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-01-16

I III little UncufTeut LAOLty OAeItu lpt
sale, and our brokers do not show much
disposition to purchase. Our quotations
win be found correct
soUrH CAROLINA RANKS.
Bank ofCamden~- . exchange BanE.-E
50 Chester NH Merchants Ceraw III
81 GeorgetOwn-i2 Peoples Bank.--20
81 H~amburz.--l5 Planters " 5000. 6
81 NewhUrv---S OBSERVATION-DISCLOSURES Is
81 s. Carolina. Is South W. K. R-.-..-S0
" state OF :. CHS Stgte Bank---..----- 5
Commercial Bank. 9 / Union " --.--~----5O
GEORGIA ANK
Augusta I. & B.. Co.. $ Centrl T. BIZ Co--99
Rank OF Augusta--.D City TX Of Augusta-25
- Athena---.40 E'Im'rs s. M'ch'cs... 8
"a u CD. r. r. & Blk Co.--&O
% Commerce 90 3 Marine Bank--..9
50 Fulton---..N Mechanics Bank. ,
" EFp're Stste-1j Mrch'ts & PITTS Blk :
Middle Ga---sO Planters Bank----.lO
Is Sa~vannah-.-S0 Ttmb'r Cutt'rs Blk o
" state Of Ca 7 Union Bank.---.-.--.- 8
ALABAMA RANKS.
Bank fMubiie-.-.. ID Eastern bslA---fd
Montgomery@ Central ID
"a Sslma.A Northern -...5D
Commercial Bauk--I0 SOuthern -...83
TENNESSEE BANKS.
Bank o-fChattanoogab Merchants Bank -. 90
Memphis par DcOee -.-a
" Middle Tenu90 Planters " So
" Ten, old is'se-50 Southern -
". Tenn,--5 sheibyVile ---su
City Blk Nashville---eD Traders ---5O
Commercial Bank-parl Union us
LOUISIANA BANKS.
R'k of America. prem 10 Ia Stale Bank,..---g
81 80 M'chfcsN Trd Bfk-8j
" n. Orieaus--S0 Merchants Eank-.-9O
Csual Bank..95 southern B,k-lO prem
Citizens " ..--..95 Union .-.-..---5p
Crescent city Bank-s0
STATE BONDS AND COUPONs.
Stsfaof Tenn. o.. long Memphis 4 Charles
loan ..a2 ton K. &. Btds--.-..s0
Nemnhis city Mobile & Ohio r. r.
with Coup'usfor CLIO Sterling B'nds-..--6i
Without 'us--4Jl Aiss&
Some of the radical papers Of the
country are opening their eyes to the
breakers ahead in financial matters.
For months past there have been indica-
tions pointing to q monetary revulsiOn
in this country. ShreHd men have ob-
served them, but the great mass Of the
people have given then no attention.
81 far as congress IS concerned, one
would not suppose, from its legislation,
that there is a single ripple upon the sur
face Of the financial waters, or that such
a thing is ever likely TO occur. The dan
ger is ahead, however, and both con-
gress and the people should endeayOr to
make provision for it. No people ever
did, and no people can long Withstand
such a pressure Of taxation as that which
now rests upon the people of the United
States.
The estimated amount of revenue
which the government proposes 20 raise
next year is $3.50, 00G, 000-an average Of
SIG for every man, woman aud child,
white or black, in the United States.
This, be it remembered, is simply the
revenue required for the use of the
general government. In order to get at
the actual burden of taxation, the vari-
Gus state, county and other taxes must
be added to the above sun. Before the
war the expenses of the general govern
ment were less than SlOO, coo, 600. We
have now to make up the additional
with resources greatly diminished.
Under such circumstances it is plain
enough that we must fall unless relief
can be had, and the signs of the times
admOnish Us that the danger is drawing
near.
What is the remedy? In the first
place the government must not raise a
revenue Of $3.50, O00, 600, nor anything
near it, for the coming year. 1t IS a ruin
Gus policy which aims to collect al
immense revenue with the object of
hastily paying the national debt. The
proposed aggregate of taxation, in view
of the threatening state of financial
affairs, should be reduced so as to pay,
next year, the government and the in
terest on the national debt. By this
means the weight of taxation would be
decreased nearly S2G0, 600 600 for the
coming year, which amount will other
wise apply upon the principal Of the
debt.
WAR PRICES IN PEACE TIMEs.-With
the inception Of the late war, groans
went up from fathers of families, old
maids quscked, and %pernurious old men
anticipated financial ruin at what was
regarded as an Rcalled for and enor-
NOUS advance inHe price of every COM
naodity, not to ID Sluxury, Of life.
An eXamlnatTSh respecting the ad-
vancement in the prices Of the leading
articles Of consumption and of rents
indicates an increase of nearly ninety
per cent. in 1856, as impaired with the
mean of prices during the war.
Thus IN 1860, cotton goods which
could be1purchased for six and eight
cents pftiaard in gold, now command
tyTentIfssA cents IN currency. This Is
in a On sks wing to the seant supply
Of the f~SCuftateFial as compared with
that yearJSff even this we do not think
warrants SSexorbitant price demanded.
On the manufacture Of wOolens suited
for ordinary domestic use, the advance
is estimated at SO per cent. Ordinary
ingram carpeting has increased prices IS
per cent. On silk goods the advance is
%HAg = III W AAAA
While goods and articles OF c0nsump-
ton have thus advanced, with very litue
seeming cause, the price Of labor has not
kept step-the compensatory law of sup
ply and demand has not been rightfuily
regulated. While the producer has
rich the consumer has been com
PEELED TO become an innocent accessory
or forego the comforts which in days
gone by were procurea without great
pense. In fact the close of the war has
not brought ABOUT the promised redue-
ton, but all are now paying war prices
for peace commodities.
Now Cat the nation has ceased to beat
with tha pulsatiOBs Of war, it becomes
all whoPiesire to see prosperity and mu-
tual prq PRESTON attend our efforts, not
only tofsid but promote the end by the
meauss n power by q return to those
fundaF Rental laws which control wealth,
economy, compromise and cumulative
rivalry unattended by envy or those ob-
nOxidls measures which serve to create
a breach between capital and labor,
the consumer and producer.-S. Louis
Times.
The Financial Chronicle, in an edito-
rial article on business prospects, re-
marks that " indications are not want
i4S nnACh ElNC hoIS VI iNFlh1A VI III
dustrial and commercial enterprise, and
we may probably look forward to the
early removal Of that gloom and tOrpor
which have paralyzed, Of late, some of
the most precious and vital productive
energies of the country"
GOId and Cotton Report by Telegraph
New York, January Is, 10 a.m.-GOld
opened at IS.
1870 am.-Cotton dull with a declin-
ing tendency, 344 to See. Gold, 35s.
Exchange, 81.
1890 p.m.-Cotton unchanged. Gold,
34s.
2:30 p.m.-COtton dull andunchanged
sales $50 bales. Gold, 345.
4p.m.-Gold closed at $50.
LIVERPOOL, January Is, noon.-COt-
ton dull; estimated sales 5000 bales
middlirg uplands, 143d. 5-20s, 723.
Later.-COtton quiet and steady mid
ding uplands, 14s to l43d. 5-20s, 723.