Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-10-15
oFFICE OF THE DAILY APPEAL,l
MENPHIs. October "a 1857,


The money market opened to-day without
any change worth noting. There is a Light de-
mand for exchange AID rates are about rs they
were on saturday, Choice eastern is taken 81
par, while cotton bills have TO submit to q dis
count Il = 10 &c Selling rates are generally
Aprsmium on New York, Cincinnati and st.
Lou
noon had declined 10 &c. Sales were Light
here 10 DAY and 4Sc was the prevailing rate.
Silver is selling in small amounts at 81 10 &c.
There IS hut & Hight demand for city scrip
with large offerings Dealers have advanced
their buying rates slightly since saturday.
They offer 45H TO Acc aud sell az 4nc foT small
amounts, but a round lot could be had at sc
Police scrip is not much in demand. The
small amounts presented at the counter are
taken AT 75c and sold ats to SIC.
The bank OF N~ewtOnYille Will again go into
operation within a week or two, the creditors
having been settled with. The terms OF settle
Inent are, that the stockholders lose Their stock
altogether, bat are need rom any danger OF an
assessment, and At the same time are guaTau-
teed a division with depasitors OF any sums OBJ
tained from the government atler the pay ment
Of the liabilities Of tue rank for which the au-
thorities there are responsible. The cepOs1tOrS
receive within four months eighty per cent OF
their claims without Interest," The demand Of
the holders Of the checks given by the late
cashier, Mr.. Dyer, without authority, have
been adjusted, doiDg away with The necessity
for long and yeXatiOus suits at law,
There continues TO he considerable excite
ment in Washington about the recent discOv-
cry or counterfeit T-30s. No clue has yet peen
lain ~ &c FNAN@Eo AAAEaANANN@' 49, e
suTy officers believe the work WIS done in Eu-
rope, others, experts, not connected with the
department are Of the opinion that the notes
were made from an elecfrotype copy OF the
original plate, and in consequence that some
one m the department is connected with the
counterfeiters II is not yet possible TO tel
what amount Of the notes have been put 10
circulation, but nearly SllO,Oc0 have come 10
bghL. The cashier Of the loan bTancb OF the
which viii be finished aud Published tO-uOr.
row. A great humble Of telegrams making in
quiries. have been received by the secretary
and leading financial men.
The following nom the London morning
Herald, gives an Eug sh opinion on OuT ma
b~auEsRnu tn proposed redemption Of
our bonds with g~reenbaeksi
But without attempting 70 lOreJell VIII
in Europa, We may glance at what ras
lust taken place in America. No one Is sur
priSed 70 hear Of local or general pSnlcs among
% ahead cOtsins WHO Indulge in "a BIC
smash about twice IS often as we do. Our
correspondent tells usthat no fewer than seven
national banks SIZE des riDed as "shaky " IN q
black list kept by the comptroller OF : e tBT-
reDcv. aud within Few days. the fate with
the seven are threatened has zctualy
1vertaken two s mllar srtani snuIents The
story Of their disasters reads famiiHrly enough
10 a. ose who watch such things The Farmers
bank, Brooklyn, started with a moderate capt.
and went on prudently enough Tor some
years. II made It's way, II paid its dividends,
d held up It's head among the best OF ; breth-
Farmer, dealers, small tfadesmen and
mechanics. poured their -aVlngs . to1lS GOLFERS,
which held Them salty enough tl the direct
lrs had a It Of that speculative ANA which
sooner or later 70 .eias poop e IN such
situations. The president was treasurer OF the
Fiouegta and sugar Cu k Oh company, treas ]
1rer OF the Benn0aOn Ran Oil company d.
,ectnr OF the Trust River Navigation company, |
Or a COM any OF q Yers and wreck
and director OF a company for making /
whisky by q cheap - patent process n as
zach OF these com raDIes was allowed TO tap the /
Of coin in the bank Golfers, and a.,
also. the drain wss kept mp with the sttaIiuess
and persistence characteristic OF such opeTa-
the Inevitable day arrived the man
igement had to confess Ihrir insolvency, and
customers 10 hear that - per cent. OF their /
money was hOpeIessiy gone. Like Overend &
Turuev. or TIE French CreTtt MObiier. their I
IscuriLies were What is called euphemist.Ually
nconveItible, or more plainly, woFthlesS I e
Farmers Bank was but a sma / aualr, but us 4
tory { Ecles the same moral rs is TO be learned
ON the failure OF more pretentiOus OucerEs, /
the same mail We Lear Of q mCrs than ques-
ionable stroke Of policy said 10 be c1nJem-
plated by the Uuited states gOyernment-Of /
edeemiug their national debt IN currency in
ofspecie, besides reducing the rate OF in
crest and subjecting the hOBds 10 ma
ionaI taxation. Just now the Ameri-
an cry II for gold from US; but indis
art not wanungthat our csHtansts Will
Yrobnbly be wise enough TO Keep their money
nd the time OF revival seems 10 be not 50 very
ar 0G. In America many probes o sec signs
z coming commissions among mercaoti1e es-
Adjustments, whilethe &c ion Of parties should
With the federal government. When the paw
aeut OF debs Is somewhat lncoHyaBient and
,olitiCiaus are found advising hu escape from
to pay in specie by a SEylOck-ltke /
Glance upon the letter rstrer than the spirit
( the bOud, tits hardly wise TO extend Our an
up, and comp eae reliance upon ma
CreullOu has once more been established.