Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-06-14

eA@ - $1,000 "
In the chancery court Judge Smith,
chancellor, decided this morning that all
persons who held the old issues Of the
Bank Of Tennessee previous to the repeal
of the 18th section Of the charter of the
bank, to-wit: in June, 1865, could COM
pei tax collectors and others to receive
such issues in payment of all dues owing
the state of Tennessee. This decision is
based upon the opinion of the supreme
court of Tennessee, rendered at Nash
vile in March last, and should greatly
appreciate the old notes Of this bank, as
it will absorb much Of it in paying taxes
due the state.
The annual election Of directors and
officers of the Manhattan Savings bank,
of this city, took place yesterday. The
result will be found in our local columns.
Ninety-three suits were commenced at
Washington on the 18th by claimants of
Savannah cotton, alleged TO have been
captured by Gen. Sherman and sold in
the city Of New York. The claims
amount to about four million dollars, and
thorized by recent acts of congress.
The internal revenue bureau has now
on hand ninety-seven thousand two
hundred gallons whisky condemned and
forfeited 10 the United States under an
act passed last February, besides who's
about two hundred and fifty thousand
gallons are under seizure, but nave not
vet been formally condemned.
Among the questions of nominal I'D
terest before the encouragement Is q
arising under the internal revenue act
laying q tax of ten per cent. on the notes
of parties or institutions of all sorts cir
culating as money, which in this case
involves the question whether the GER
tifOates proposed to be issued by the
state of Alabama are bills Of credit, and
as such prohibited by the constitution of
the United States,
A prominent stock operator, Of Phila-
delphia, failed in that city on the 18th
inst, for a large amount. The mesly
mouthed agent Of the associated press
does not give the name.
The income returns in Indiana for 1855
show 8 falling off Of seventy per cent.
from the year before.
The government is about to send out a
party to explore Walrussia, in the inter-
est Of science and the treasury. After
having paid seven millions for this ter
ritory, says the New York Tribune, 1t
will be a lasting disgrace if we continue
to know nothing about 1t.
The Mobile Tribune says of an alb
sconding banker:
We were in possession of the partic-
ulars Of the sudden departure Of Samuel
Lyons, junior member Of the firm OF Jas,
TAFT & Co., on Monday, bus RETAINED
from mentioning the circumstance, as
efforts were being made to arrest him.
He had sent his wife and family away
from the city several months since, so It
is fair to presume that this affair was
p~remeditated. He left the city himself,
Monday last, per Mobile and Great
Northern railroad, and although the tel
egraph has been brought into requisitlon,
nothing yet has been heard OF HIM. The
amount Of money he carried away rs
stated 10 be fifty Thousand dollars, but
the exact extent of Mr.. Taitls loss is not
vet ascertained' Some excitement was
created in financial circles when this
affair became generally known.
The local demand of our city COM
prises at present about the bulk of trade.
Orders come in slowly from the interior
and are not large. With good prospects
for crops ahead, however, We may soon
look for an improved condition Of things.
In. the meantime many of our business
houses will suffer from an accumulation
of expenses and the difficulty Of collect
ing that which is past due.
. C~OTTON-ThsEalWas a great deal OF
hrmness evinee@f1 the market to-day,
and prices were fully sustained. A sale
of 10 bales middiing was reported at
234c, which was rather below the mar
ket, and another lot of 10 bales strict
middling, to be delivered tomorrow al
Csc. The stock on hand decreases rapidly,
and blythe LIST Of July, with sales APP
pToximating TO what they lave been
since the 1st of June, we shall not De
surprised TO find that the amount on
for the day, q bales. Shipments SSl
bales.