Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-06-15
TEGNEssEE RANKS.
m Ia AL-.-.L.M.--

Commercial Bank-par Union " .-.gs
In Canada there are seventy-three gold
mines, employing 70S miners. The WELD
of gold for the last three months is val.
ued at $3.50, 956.
As an illustration of the rapidity with
which the conversion and purchases OF
the seven-thirty notes have been pushed
forward it is officially reported that $751;
746, 600 have been taken in by the treas
ury department during the four months
ending June lst.
The reports in circulation that the sec
etary OF the treasury and comptroller of
the currency are connected with any OF
the efforts whereby the circulation OF
suspended banks is returned, and new
circulation issued to the banks returning
it, are officially denied. The comptrol-
Ter Of the currency regards all circulation
retiuc in the same light as new or
.un9eJed circulation, and whenever he
has a margin unissued, he will distribute
it according to the merits of the applica-
tons on file, without regard to VINO may
return the circulation. If parties pur-
chase the circulation Of retired bauksAee
a premium they do il at their own risk,
and the comptroller knows of no way of
preventing it but that fact entities no
party to any special privileges IN tie
issue of new circulation. The following
is a list of national banks that have failed
and are now in the hands of receivers,
with the amount of circulating notes
issued to each: The First National bank
OF Attica, n. Y, $4,000; the Merchants
National bank of Washington, D.. c.,
Sl80,0 600; the Venango National bank OF
Franklin, Penn, $50, 600; the Tennessee
National bank OF Memphis. Tenn, $780,
900; the First National bank of Newton,
Mass, Sl30,000; the First National bank
Of Selms, Ala, $4,000; the First Ma
tional bank Of New Orleans, La, $780,
900. In addition to these, two banks
have taken up their bonds and deposited
lawful money in the treasury of the
treasury of the United States to the
amount of their outstanding circulation,
viz: The First National bank Of Caron-
delet, New Orleans, 2 $500; the First
National bank of Columbia, New Or
ST., $3.50, making a total of 1882, 400,
which has reverted to the government,
the return and destruction Of which
equal amount Of circulation will be at
the disposal of the comptroller of cur
rency for distribution, according to the
terms and conditions prescribed in the
national currency act, subject to the
rules that governed the distribution
Of the amount originally authorized by
the act of congress.
It has been reported that ex-President
jefferson Davis lost some money which
he was supposed to have In the hands of
Frazer, Trenholm q Co. This is an error.
He had no funds on deposit with that
But, upon the collapse Of the Con-
federaey, Mr.. judah Benjamin procured
rom the firm on account of the Coufed-
crate funds, q bill for twelve thousand
in gold, which was duly paid.
Mr.. Davis had received his salary In
Confederate paper, and the sum thus So
cured for him as a partial remuneration
or the loss Of deprecated paper was
strictly due. It is true, however, that
Ither members of the Confederate gov
srBment were not 50 fortunate.
The New Orleans Rcdg6ne Of Tuesday,
"Suit has been instituted in the
United States district court By Messrs.
Seorge Soule and others, depositors in
he Bank of Commerce, of this CITY, l
the proprietor, Mr.. Jacob Barker,
nto bankruptcy.
Judge Durell Qrented, upon the appli-
alton Of petitfs4as, an order directed to
he United States marshal, to seize the
property and effects of the defendant, to
e held subject to further orders of the
curt.
This Is the first case either Of volun-
airy or involuntary bankruptcy in this
under the operation Of the new
ankrupt law. ]
The shOwery character of the weather
made business more quiet than usual to- ,
ay. Very little was done 10 the way of
hipping; either by rail or river. To-
being the regular time for the !
epartuTe of some of u LEGAL packets, !
ill no doubt show an Improvement. I
C0TFON-The same remarks and :
uotations given yesterday would answer. I.
cry very well for to-day. There is the !
lme firmness and the same difference !
the views Of operators. sales of about +,
10 bales were reported to rs, Of mixed
It's. Receipts for the past "a hours were :
bales. No shipments, !