Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-01-30

sOUTH CAROLINA BAHKs
3 Bank ofCamden--- 80 Exchange Sank
Charleston Is Farm'rs GE1'chEe--
Chester ..-..--l0 Merchants CersE IL
" Georgetown Q Peoples Hanks
HsmbuIg.-l5 Planter " ....--
" Newbury-..a0 Plsnt'rsaMch'osBk.I
:. CarOins.. c South W. K. R....-.s
State Of = C-l3 StCte Bank--.-..-.
Commercial Bank 8 Union " .-....-..---5
GEORGIA BAHKs.
Augusta / & Cos CentCl X. K Blk Cos
Bank OF Augusta---8 City Blk OF Augusta
Athens.--.--Q FImrs & M'ch'cs--.
Columbia. 10 Ga. Z. r. & Blk Co.'S
" o.. . Marine Bank----.e
Fulton---3O Mechanics Bank.
E'p're State-l5 Mrch'ts & PITTS Blk
Middle Ga-.-70 Planters Bank
" ~SavaunRh.--A Timb'T Cutt'rs Bk--.
" State OF GR-.l0 Union Bank---.
BANKS.
Bank OF AObile--.. IS Eastern Bank-.-
" MOntEomery50 Central III
Selua-----D Northern -
Commercial Bank-.iO Southern " 81
-rEESESSEE BANKS.
Bank OF Chattanoogal5 Merchants Bank *
Memphis par OcOee " III
" Middle Tsnue0 Planters " So
" Ten Old is'se-51 Southern -.-S
VI. Tennis Shelbyville -
City Blk Nashv-lle.-6O Traders -
Commercial Bank-par Union -.-.7,
LOUISIANA BANKS.
Blk OF America, prem ~ La state BRnk--..-&
" Ouisiana- SO M'ch'cs Tr'd : Bk q
y. Orleans---g Merchants Banks
Csua Bsnk-~-s5 southern Bk~lO prem
SGrsas 1ss civ Hank ssS5 Union ~
STATE AND COUPONS.
State OF Tenn. IS, long Memphis & "hsrl---
loan .......-..-...--gI ton X X. BGs----7i
I Memphis CITY Mobile & Ohio x. 4.
with Coup'ns for BL7u sterling Binds I'd
without CGup'ns--Sl MisSSTenn RR. B'dsS
New YORK, January %, 10 a.m.-Gold
opened st ISt9
Ills s.m.-COttnn firm at 81 to 35ic.
Gold, "a; Exchange, 8.
1890 o m.--CottOn firm at "a to $50.
Coli, lS4!.
2:2O D n-A-Cotton quiet and steady st
81 39t T. 81 s' to day 1900 bales Gold
p.mGGold closed at I84I to I84s.
LIVERPOOL, January %. uOon.-COt-
ton market Uuchauged-aCtive demand
at previous rates sales, 10000 bales;
uplsud~, l4td
LONDON, January %, noon.-United
States, 5 as, 70.
More than a year ago Lihie's lining
Age submitted to congress the following
memorial, which shows that eighteen
millions a year, If invested at 6 per cent
compound interest, would amour in
forty years to a sun that would pay of
the national debt
wHAT tbs NATIONAL BANK SYSTEM
WILL COST h UNITED STATES.
In return We get nothing for the
greenbacks are a better and more popu-
lar currency than the notes of the banks,
which owe their circulation and credit
( entirely to the United States indOrse-
ment.
From January, 1856, to the same date
in 1867, the banks will receive from the
treasury interest on 500 million bonds
SIS, 0 1000.
In 1858 the banks will get interest On
that I'm. and again on the 300m., Ism,
making l9m-S57, 200, 600.
In 1853 the banks will get interest on
that Sm., and again on the 300m., Ism,
making @m-Sj7 $50 900.
In 1870 the banks will get Interest on
that Sm. snd sgain on the COON, Ism,
making 2lm-SJS,0 COS, 900.
And so on, until in 1896 the case will
stand thus
In 1906 the banks will get interest on
that l54m., and again on the 3QOm ,
Ism making l72m-S2, $4,000 900.
Here is proof that in forty years the
amount thus gratuitOusly presented to
these pet banks would pay the whole
war debt. This calculation is upon the
supposition that the present limit Of
bank notes to $500, 900 600 shall be main
tanned. 4 elRmoT is already rising for
its extension. Would il not be better to
keep for the nation the profit Of its cur
rency, and make of it 3 sinking fund
which would unite its hands aud lift the
burden OF taxation entirely in little more
than 8 generation ?
This could be done By authorizing the
treasury to issue g~reenbacks to all appli-
cant IN return for national bank notes,
so received to be presented to the banks
for payment-which would be out OF the
$500 Q00, 900 b~onds-which bonds, as re-
ceived, should be passed over to the sink
ing fund. This operation would not in
q degree disturb the currency of trade.