Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-10-19
FINANCIAL AND COMMERCIAL,
OFFICE OF THE DAILY APPEAL,O
Oefohnr ~ 1857.

MEMPHIS. October il, 1857.
There IS no change in local finances since our
last 20 note. Our banks are not strong enough
In currency to take all the exchange offered
and business Is somewhat retarded by that fact
bus tue tendency Is toward ease. Cotton Dius
are plentiful, and when taken must submit 70
a discount Of SO Ihs selling rates are nom =
70 &c premium, but sooner man pay opt cur
rency, some Of our Ks much prefer TO sell at
Cold opened in New York at 4fsS, and was
steady during the early part Of the day. Oder.
ings were light here, and altogether twas a
duu day vita brokers. There Is no disposition
buying rate was from 822 10 43r,
silver nominal at 81 % SIC buying.
downWarda. Brokers are generally supplied.
lhey refuse to buy al 45e, which Is 4 the nominal
buying rate. Selling n AZ % 4Sc.
County Warrants are not in demand. BrO-
kers refuse to take more than they have on
hand. We quote 10 nominaliy at 70 TO 73c buy
ing; selling ut soto Sc.
Police strip is unchanged with no demand
A very dangerous 500 counterfeit on several
New York and Boston National Banks are
being generally circulated. They are Wen exc
euted and calculated 70 DECEIVE any hut experts.
Merchants mo be too careful how they
handle notes Of the denomination named.
AS the counterfeit OF forged seven-thfrtles
continue to be a subject OF discussion upon our
streets and in money circles. We take the
following directions for detecting them from a
circular OF Jay Cook & Co, lust published,
promising that no ~forgertes nave as yet been
FOUND except among the $1,000 notes Of the dune
issue
First Thered seati IN the counterfeit is larger
than In the genuine, as viii be seen by meas
Hhement folding one Of the notes through the
seal IT projecting STAR points upon edge Of
seal are blurred and uneven in comparison,
and the whole seal is coarser than in the gem
uine.
Second. The border OF the counterfeit note
- blurred u indtstnct, Whuest IN the gen.
utne the lauhe-wOrk is clear and regular.
Third. The best test, and one that Will enable
any person familiar with bank notes 70 throw
cut the couGterfeits at sight, is the border Of the
c0up0nG In the genuine the star comes out
very clearly, but in the counterfeit 1t Is dark
aud blur ed and tnd1stinct- he vig1ette the
arm Of the female ngurs Just touches the top or
the j in "Pluribus,' whilst in the COUntereit
the sleeve covers all but the lower part or stem
OF the Z.
the counterfeit and genuine lace and baclzD
under a magniIying glass, viii detect numerous
points OF Inference, as well as features in the
counterfeit that without comparison WOuld
enable an expert to condemn IL.
The Commissioned Of the Internal Revenue
has decided that ground rent deeds should be
stamped the came as other e-Onveyauces or
realty sold At the rate or fifty cents for each s5Oa,
or fractional part or $50 Of the consideration or
value.
II is a well known fact, says the Cairo Demo
cTat, that the thirty million Of people in the
United states, who do not hold Government
bonds, were compelled by law 10 ACCEPT legal
enuer greenback notes for al thbir debts and
obligations, even II the payments We're stipu-
lated 70 be paid in gold. The three hundred
thousand |bOndholders VINO loaned their green
backs TO the ACKNOWLEDGEMENTS which
cost them only forty tofifty cents on the dollar
no Just cause OF Complaint II they are
paid or in the same currency they loaned 10
the Government, and II theig debIs are llqui-
dated ia the same manne Jhatsfheruebts q @.
Is a bOndhO}deT's debt more sacred than a debt
for -four, or other necessaries of life, which cuu
be cancelled with greenb20ks2 II the bomb
holder IS paid in gIeenDacks he viii be better
or than other people, Tor ne win get the same
currency be gave, while the most Of The public
a1faHg-a q .aanaF #r.nafsaHHnHH Tnn Ia tHsIW naIH
II a gTeenBaCk can e~EtInguish an oh igatiCn
in gold, shall iJ not be competent 70 dis
charge one that was created in greeHbacks9
The import entries at New York for the past
week, Including the dry "a. as return, amount
70 s. 9i.5B, against the total entries 81 &a,58,l5l
same week last year. The Export Clearauces
Of Domestic Produce amount TO S2,hlZ6JT
AGAINST S2.930,ljl same week Est year. Tine
Export OF specie amOuuls 10 $40, rs. against
sl9S.OjU same week last year. Tle customs UG
the week are SZlB7,gDg. The receipts Of Cotton,
aud by Ialir0ad, are 500 bales. The
Bmigraut passengers arrived during
week, 3,s2A