Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-02-20

SOUTH CaROLTSA banks.
Bank ofCaInden--. ~ Exchange Rank---l5
Charleston Id Farm'rs &EE'ch GEE 3
" Chester .....--.l0 Merchants Ceraw-.-I0
" Georgetown-l0l Peoples Bauk--...-..-50
" HambUrg---l5 Planters -. o
" NeWbury-..30 Plaut'rs&M 'cs1i is
" z. Carolina. o south W. r. R.---.-S0
q" State OF $. C-l& StCte Bauk---.--..... D
Commercial Bank 81 Union " .....-.----J0
GEuRGLA BANKS.
Augusta i. & 3. Co. tenul r. r. Blk Goa
Bank Of Au~gust1----D City Sk OF AM -
" Athens.....-4O F'Im'rs & M'cleat..... o
" Columbus.--l0 Ga. r.. x. & Blk C0.--g0
Commerce .. s Marine Bauk-.-.-...S
" Fulton -....-.a3O Mechanics Bank. 3
" E'p're State.l5 Mrch'ts & pitts Blk 6
" Middle GH...-Tu Planters Bank......l0
Sav-anuah-.-3O Timb'r Cutt'rs Blk o
d" State Of GG.-lUI UuiOu BanE..--....- 4
ALABAMA BANKS.
Bank Of Mobile --H9 Eastern Bank-.-4U
" Montgomery50 Central lie
" Salma----H Northern -.-iJ
Commercial Bauk-..iO Southern -..g5
TENSEssEE BANKS.
Bank OF ChattanOogsl5 Merchants Bank 30
" Memphis par Oc0ee ---l5
" Middle TeunlJ Planters $50
" Ten. old is'se-D Southern -..n
" W. Tennis S~helbyville SO
City Blk Nashyiile-.-6O Traders IN
Commercial Bank par Union --so
LOUISIANA BANKS.
Brk of America. prem 10 la. state Bank.--....g 90
" Louisiana -.-.0O M'ch'cs & IRA s FRS
" n. OrleanS--Hg Merchants BanE-.-st
C9ual Bauk.--.--A5 Southern B'k-.lU prem
Citizens " -.-to Union .-...--.SO
Crescent CT Bauk.g0
STATE BOsBs M COUPONS.
Stafpo of Tenn. is. long Memphis & Charles
loan .-g2 ton r. K. BIDS -...7S
Memphis CITY " Mobile a. UhiO n. Z.
with Coup'usfor 'BI.m sterling B,ndsc0
without C6up'ns---4l Miss.Nrenn.HLIIB'dst0
In reply to tue resolution of Hon. John
Wentworth, introduced some days ago,
the secretary of the treasury transmitted
the following statement in regard 10 the
several roads now being constructed to
fT. Daft. v-TFLL fta nVrraahAp nf miles
completed of each road
Union Pacific railroad. $50 miles west
of ei4oc1rpVO
Union Pacific, west nom Lawrence,
ll mile Z-fNUUu
Atchison ana Pixies Peak, 30 miles .-. Gij.t00
Central Pacific California, IA miles 1850 o
Western Pacific California, ~ miles. $4,000
A New York exchange, of the 18th,
SAYS Exciting rumOrs in regard to re-
construction, and the prObabilitiSn9SS
impeachment, have kept the market in
an excited condition. As gold is the
touchstone which governs stocks and
bonds, United States securities have Va
sd from to , TO 8 per cent. throughout
~ week. Gold would decline in the
morning, pressed down by the u%nauthen-
ticated statement that government had
received large cotton bills, or that the
difficulties been congress and the presi-
NflU were III Il 1911 HAf vi lAINA1AAAANLNH
IN the afternoon the falsity of the ru-
mors would be proved, and it would ad-
vance from B TO ! cents.
The Herald, of the 18th, says There
was a brisk borrowing demand for coin,
and more loans han usual Of late were
made without interest, while in n in
stance 1-64th per cent. was paid for bor-
rowing. The general rate varied, how
ever, from > 10 q per cent. for carrying.
The spectators have fully discounted
the failure of the Stevens reconstruction
bill, and the probability, therefore, Is
that when it passes in its amended form
an upward reaction will take place.
The real strength of the market lies in
the financial aud commercial condition
of the country. Added % thiA the
prospect of a far larger number of per-
sons than usual going abroad this year,
is looked fOrword to as favorable TO lu-
creased gold shipments. Some there are
who anticipate a sharp rise following the
passage Of the new tariff bill but this
would necessarily be Of only temporary
duration, and in view Of its prohibitive
character, we call upon the president to
veto it should it come before him..
The Financial Chronicle, in comment
ing, Saturday, upon the publicdebt, says
Remembering the great success of the
fve-twenty loan of 1862, and rapidly
with which the people, in the midst OF
the depression aud exhaustion caused by
the war, purchased at par the 9 per cent
bonds of the government, it is impossible
not to feel discouraged and disappointed
/ at both the present proportions OF ouI
unfuBded obligations, and at the slow
process by which the prodigious noun
tain Of floating debt is being diminished.
We are approaching the third year oi
peace, and, nevertheless. out of our 25ut
millions Of debt, not more than l42.
millions, or very little over one-halii l.
funded into long bonds.