Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-01-23

tNGAN btAANtb
SOUTH CAROLINA BANKS.
Bank OfCamden--- % Exchange Bank-...-1J
Charleston. 10 Farm'rs &Ex'ch'ge-- 3
Chester -.----l2 Merchants Ceraw--I2
" GeO~rgetOwn-i2 Peoples Rauk.9
" Newbury--.Sj PisEt.A ch'csBk Is
s. Caroat39~, $oa;A W. X. R.--SQ
Commerce. a. Bauk... 8 Union ." ...-.50
GEORGIA BANKS.
Augusta I. & B. Co. S CentrI R. r. Blk Co.-9l
e" Athens....40 FIm'rs & NI1GaC-
%" Columbus u Go, 2. ;. q TX Co...e0
n Commerce OIL. 8 Maxine 8anE-.--..9 %
E~.,C3a Mechanics Bank. 3
LpTe ssate-l5 Mrch'ts x PITTS BIZ :
Middle Cato Planters Bsnk...-..lO
Savannah--S3 Timb'r Cutt'rs Blk o
State or Ga. : Union BSnk.-~-..... &
BANKS.
81 K OF M M-SSiilS aa3d 1snk- 10
j" SeAas- Northorn 80
commercial Bsgk--I0 Southern -" ---85
BANRs
Bank ofChattanoogal5 Merchants Bank DO
" Memphis par OcOee Is
Middle Tenn9O Planters ST
ca. Ten old is'se-O southern g III
" W. Tenn,-.-4l 4helSySnle .-.al
City Blk Mesh yAla~-GQ Traders " $50
J0lnmeflal Bapk-pay Union rs
LOUISIANA BASKs.
BIZ OfAmertca,p prem 50 la. Seate ~Bank----.-91
" IQgjgIsha 80 M'ch'cs & Tr'd B'k..g5
" n. Orleans....@ Merchants BanS.-..eO
Canal Bank. .---95 southern B'k..lO prem
Citizens =" ......-.--& Union .PI
NT6slEAL AAig bduh-..tU
STATE BoSEa Avn OQUF0Ea.
State OF Tf-n. Vi icns Memphis & Charles
,esu a,...,...,...---.& ton t. ii. Bds......--S0
Menlphis CtT Mobile & Ohio Il. X
with Copp'Rs fGE 5l.70 Sterling Binds ct
WishuGt Olap'ns--.-4j ! Observation-Disclosures
NEW York, January %, 10 a.m.-Gold
opened at 1863.
II a.m.-Gold, 1856. Cotton, duh and
declining at 81 to see.
1890 =. m.-COttOp, dull at 81 to sec.
cold, 1861 exchange, 81
2p.m.-Cotton, Ast 81 TO sec sales to-
davI I0Q bSies. Gold, 1855
4p.m.-Gold closed AZ 1854.
LONDON, January %, noon.-5- 20s, 5Qs.
LIVERPOOL, January %. I p.m.-Cot-
ton, fiat middling upiapds, l4{d sales
to-day, SOC bales. 5 as, rs,
Secretary MeCplOcA has administered
the national fuaaoes with pre-emjuent
ability, commanding the confidence Of
the financial classes as well as of the
public at large, and extorting the admit
ration Of finauciers throughout Europe.
While consummate skill and e~xtraordin-
airy success have characterized his man-
sssmeut OF the treasury, he has also
! maintained the aeest perfect freedom
from any taiat Of suspicion in a moral
/ point OF view, Even the bitterness of
! p~artisanship, which has accused nearly
| every other public functionary of ohiciGl
| malversation, has ventured upon no
charges against Mr. MeCulloeh and
| CONSIDERING the scope and character of
| AIS 0uties, no higher encolnium could be
| given him. We certainly do net think
he is the only man Ia the country capa-
bic of managing our finances, but
neither ca inc other hand do we think
sAat every man in the country u capable
of the task.
The Cincinnati 61zete, of the Goth,
says : The financial policy to be adopted
by congress will, of course, exercise ?
decisive influence upon business but il
is not TO be denied that uncertainty and
instability whiah characterize the present
policy are the most prominent features
Ia the great cloud Of gloom which now
Overhangs the eoUntry. In regard toths
policy Of tho executive officers OF the
government, we have uncertainty, wi liz
in regard 10 legislation We have Insta.
bility. 4 defective policy, if open, i,
better than q good policy, if secret. Sc
defective legislation, If stable, is better
than q superior class of enactments tina.
are being constantly tempered with
Ask a business man his opinion abOu.
the future, and il will be found he has n,
opinion pending the action Of congress
So much depends on legislation tina
business must be upset periodically I,
await the action Of congress, or to ascer
tain what direction the secretary of tb,
treasury will give TO his discretiopSr
power. No business can prosper unde
this state of uncertainty. Men cal
adapt their operations to almost an
policy il they only know what 1t Is, o