davidaulloa/AmericanStories huggingface dataset:
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-12-04


At the National Board Of Trade meeting
now in session at Cincinnati. resolutions were
adopted by az to % that all sales Of grain
aour, provisions. etc. consigned to commission
merchants should be paid for in cash on deiiv-
cry. and no credits allowed. rs heretofore.
Mr.. Trezevant. OF Memphis. submitted
resolution favoring the construction of rail-
roads and the importation Of iron free Of duty.
Also resolutions to secure from seizure the pri-
waite property of belligerents at sea, and to
make telegraphing part Of the postal system.
A dispatch from jackson. Mississippi. says
Colonel Biddle. of the Oath Infantry. and other
officers OF this military district. have gone to
Washington for the purpose. 1t is understood.
Of defeating the otjects of the address and reso-
lutions adopted by the Radical Convention OF
Mississippi on the 18th ultimo. requesting
Congress to-recognize the adoption Of the de-
feated Constitution Of this State. contrary to
the report Of the District Commander. General
Gillem, whose report was made to and received
by Congress Eve months ago.
Since November. 1868. Ss66.0Oo has been re-
ceived by the Treasury for what Is known as
Tho "conscienee fund"
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-12-04
Sam Tats,s Railroad scheme.

On the subject of the transfer of the
Mississippi and Tennessee railroad stock
the following communication has been
sent us. It is but right to hear ell views
and all sideS before we come to a con-
clusion on the matter:
It would be deemed proposition Of
insanity to dam up the Mississippi at
Memphis and make steamers turn back
ward at this point, whether coming from
the North or South. In fact, an effort
in this direction once brought Grant and
the whole Northwest in arms against the
South. Equally absurd is that conduct
of Memphis By WHICH oGr railways are
cleft in twain. There ig river from
the North and from the South and
railways leading towards every car
dinsl point Of the compass. The inter
! change Of passengers and merchandise
among ioese oonyergept lines creates
travel and traffic, which only reaches
maximum of amount and value when at
tracted from the repotest possible points,
Free trade accomplishes this result, and
cities have at last learned the fact
Every attempt to hedge it in or force
trade and travel. only makes it seek
other channels. Therefore, Louisville
and Cincinnati bridge the Ohio, and
therefore ST. Louis spans the Mississippi
with a railway bridge Our railroads
should have common depot, and all
railway lines should connect directly
with each other and the river. Multi
tudes would be drawn hiiher who now
avoid the city as a plague spot. Our
roads would be enriched by those who
did not stop, many would halt who never
intended it, and all would spend more or
less money in place like this. lfMem-
phis cannot flourish under a system of
free and unrestricted traffic 1t does not
deserve to thrive. We have no right, in
order TO promote the city's prosperity, to
impose needless exactions on the travel
and commerce OF the country. Fortu-
nateIy, the laws Of trade prevent such
knavery. Trade and travel soon go
around a den of selfish thieves. Let
Us have free trade and q country
enriched and developed in eli d.
rections by railway lines. If indi-
viduals do make money by building
these roads, the city will make infinitely
more, and even more will the country be
profted. Its resources will be boundless
whenever expanded BY the magic force
Of steam. LOMBARD.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-12-04
MARKETS.
Special to PUBLIC LEDGER. by Southern Pacif'
and Atlantic telegraph

Special to PUBLIC LEDGER. by Southern Pacific
and Atlantic Telegraph.l
New YORK, December 4, ll:40 am.
Gold, 1855; Wells, Fargo Il Co.'s Ex-
press, 26; American Express Company,
IA; Adams Express Company, 483;
United States Express Company, 462;
Merchants Union Express Company,
l5t; Quicksilver, 224; Canton, 40; Pa
cifc Mail, ll6; Western Union Tele-
graph Company, 81; New York Central,
1872; Erie, 373; Hudson, 1923; Read
ing, 50; Chicago and Alton, 1857 (;
Chicago andAlton, preferred. l45; Toledo,
Wabash and Fort Wayne, 572; Toledo,
Wabash and Fort Wayne, preferred. IS;
St. Paul, 664; ST. Paul, preferred, S6s;
Fort Wayne, ll2; Ohio and Mississippi,
3Oa; Michigan Central, ll92; Michigan
Southern, sSa; Illinois Central, l43;
Cleveland and Pittsburg, 873; Cleveland
and Toledo, 1911; Rock Island, 1881;
Chicago and Northwestern, S4a Chicago
and Northwestern, preferred, 88s. The
market is dull, with little business.
1925 D. Gold 1859; coupons 81, ll5;
'62, liz; "a. 1072; IS, l075; 5-20s, new
issue, ll0s; 81, ll0s; coupons SO, ll03;
1910 coupons, 1868. Pacific skies, SO.
Government bonds are generally firm and
moderately active. Sterling dull and
nominal at 1904 for sixty-day bills.
Three per cent. is paid for carrying gold
market rather bearisb.
1890 a.m.-Gold, 1853. Cotton: Up
lands-Ordinary, %; good ordinary, %;
low middling. "a; middling, 24z; good
middling, 252. FIorida-Ordinary, %;
good ordinary, 90; low middling, "a;
middling, 24i; good middling, 25s. No,
bile-Ordinary, 224; good ordinary, 234
low middling, 24t; middling, rs; good
middling, 20. New Orleans and Texas
Ordinary, 22l; good ordinary, 23a;
low middlinr. 24a; middling, 25}; good
middling, 26i. The market.ia dull and
nominal in price. Sterling exchange
dull at 1904 for sixty-day bills. Gold
market bullish,
LONDON, December 4, ILLS am
Five-twenties, 74sd; Erie, 262d; Con.
soils, 92sd; Illinois Central, 96ad.
LIVERPOOL, December a, ll:l5 am
The cotton market opens quiet; mid
ding nplands, lid; Orleans, lid; es-
timated sales, 10000 bales; sales for the
week, $4,000 bales--export 23,000, spec.
ulation $4,000 bales stock on hand, 368,.
600 bales, of which $4,000 bales are
American.
l:2G p.m.-Cotton market quiet and
unchanged; stock adoat, 254, 900 bales,
of which $4,000 bales are American.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-12-04
BY TBLEGR RAP H
LATEST TO NOON TODAY.


Nrw YoRK. December Ard. Bogart,
paymasters clerk Ia the navy yard, has
abseonded with sl2.e0o Government
funds. He has already lost the money 10
gambling.
The Boston Journal thinks theSpeaker
of the next House Of Representa-
tives should be an Eastern man. The
principal reason is tina, the West has got
about everything else.
The Herald says il was offered the re-
port of Secretary McCulloch and the
Forthcoming Presidents message for q
consideration recently, but declined be-
ing the receiver Of stolen goods.
The Times says: General Towards
refusal to be a party to n movement for
extending the operations Of the Freed
mems Bureau is couched in terms which
will commend themselves to the judg.
ment Of the country. The qualifying
condition with which he justiies the
withdrawal Of the Bureau from States not
yet restored will surely be fulfilled under
the coming administration Of General
Grant"
The Times warns the people against
investing money in the newly discovered
gold fields in Duchess county, in this
State.
SYRACUSE, December 1.-Two em-
ployes at Greenway's brewery, named
Edward Hancock and Dennis Delaney,
snffocated by gas to-day.
1t is said that President johnson has
refused to give advance copies of bis mes
sage to the press, but will arrange so that
copies shall be issued from the Internal
Revenue Offices at noon on the day Of de-
livery.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-12-04

Whole amt Of State revenue.....-b l.:0S,6i4 q
These are the facts in the case-facts
that will not damn" till the State debt
is lessened.
It will be seen that the financial inte'
rest OF the State will not permit reduc'
ton in the rate Of taxation. i am not
of the opinion, however, that higher
rate OF tax on property and polls would
be good policy. II it were possible for
the State TO have property assessed nj
seventy. FIVE per cent of its real value, the
present rate Of taxation would amount to
as much money as the people could well
afford to pay, aud, indeed, TO as much as
they ought to be called on now to pay
under any emergency.
think the law taxing insurance COM
panies ought to be changed at once, so as
TO collect from each company at the
time Of taking out or renewing licenses
all the tax that is charged. Advantage
has been taken of the equitable law
passed at the last session Of the Leglsla-
ture by so many companies that but little
more has come into the Treasury from
that source.
The law taxing merchandise ought
also, in my opinion, to be changed.
Better tax goods but once The two
per cent" law brought more money
into the Treasury than the present law
does. Many notifications, changes,
etc., might, with great profit, be made in
the laws of the State bearing on and
very seriously affecting its finances
and new laws might be enacted which
would gradually profit the State finan-
cially; but as there is a bill now in the
hands of your Judiciary Committee,
which has been prepared specially with
regard to the subject alluded to, ! will
only add that most respectfully request
the House to give that bill deliberate
and favorable consideration, for / can
assure your honorable body that | know
of my own knowledge-knowledge that
has been hammered out on the anvil of
experience--that there lie great necessity
for every section of that bill as proposed
to be amended and enacted into law.
From the foregoing tables it will be
seen that the cardinal and ill-important
truth thereby elicited-a truth which
may be regarded as the tutelary deity of
the State, calling on the Legislature to
interpose its power and authority in be-
half Of its injured CREDITS this, that the
policy of issuing bonds to railroads
which have been taken out of the hands
of the company and put into the hands
Of the Receivers-that is, of the bonds,
the roads and all their assets, and who
have for longer or shorter period of
time SO managed the roads, the bonds
aud the assets, as to prevent the State
from receiving one single dollar, can no
longer be tolerated. This is the great
change the financial interests of the
State call for. To the consideration Of
it most respectfully and earnestly cell
the attention of your honorable body.
Your obedient servant,
G. W. BLACKBURN, Controller.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-12-04

General Reynolds report shows Tsxes
TO be in almost as much Of an unsettled
stale as during the war, and says that
the murder Of negroes were 80 frequent
as to excite little attention, and thinks
years will be required to secure tranquil
ity. BE says troops are needed in almost
every county.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-12-04
ANXIOUS LISGUAL RoMASE.
CONTROLLERS 0PFIcR,
NASHVILLE, November 30. 1868

To the Honorable House Of Representatives :
GEsTLEMEx Because of the impor.
lance to the interests Of the State of the
information called for by your resolution
adopted on the 18th instant, / have pre-
pared the following tabular statement,
which is, as you will see at once, sim
pie statement of facts, from which ell the
information sought may easily be de-
rived. This method of replying to the
resolution aforesaid judged would be
more satisfactory and reliable than a
mere communication setting forth my
opinion.
The entire railroad debt to the State Of Ten
nessee. with interest, TO January ], 1855. inclu-
sive:
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-12-04

II is astonishing what changes com'
over the minds of men. Saul was no
more suddenly converted on his way t
Damascus than some Conservatives II
Gen. Grant. Some say now, II told you
So" And some that they we're pro
foundly mistaken in surprising the elee
ton of Seymour would have been prefer
able. And all seem jubilant with the
coming peace" Aristocratic fools
laugh in their sleeves at their supposed
happy triumph over ell extremists, anc
rejoice in the millennium which Grant'
election secures. They are no politicians
They scorn politics, even when politics
means nothing but the expulsion o
rouues from Office, and prefer calicoes
needles, yard sticks, corn, cotton
and potatoes. So they hurra for Gram
as better than Washington or Aristides
and greater than Napoleon or Cesar.
They find their sixpence in it; and SC
they get up mutual admiration societies,
eschew all allusion to politics, and hurrat
for Grant-hurra and whoora. No poll
tics, certainly net-only to work, grub
and pay taxes. Let the mean politicians
and carpeters have the politics, Offices
and taxes TO themselves, while we have
labor and peace. The turn of the wheel
has brought Grant on the top, and so we
sbouid get rid Of politics at once and stand
with him and for him, hurrahing for the
strongest side The few crooked sticks,
who get right once in while, like cast
iron clock, only because they never will
agree with their neighbors, are now
bappy at being on top-they are right
certainly. It is an astonishing fact that
the world could not see it before.
There was time when Presidents
were elected only by fair means. And
then the people submitted to the will OF
the majority, and were satisfied. They
at once promised support to fair ad'
ministration, and heartily gave it, as to
everything vital to the republic; only re-
tanning their peculiar views. and CO.
operating MS to matters of mere ex-
pediency and policy with the party to
which they had been attached. The
same support will now be given by every
good citizen to the administration Of
Gen. Grant Nothing more is demanded.
1t will be soon enough to yell for him
when, by his fidelity to the Constitution,
he has somewhat shown that he deserves
praise. The Southern people will appear
to better advantage, as well as better
consult their own interests, by q simple
and manly acquiescenee, than by any
complimentary resolutions and honeying
process it is possible to adopt We sup
port any good administration; but we
.eschew all such tricks to gain favor, as
equally undignified and imbecile.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-12-04
FOREIGN.

New York, December 4.-Letters from
Port au Prince confirm the capture OF
an American schooner by Salnave, and
the confiscation of her cargo, notwith-
standing the protest of the American
consul. An English vessel also had been
seized. A British and a French frigate
had gone there to protect foreign int.
rests, creating some excitement in con-
sequence.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-12-04
MEMPHIS. December 2. 1913.

MEssRs. EDIroRs, Your correspond
ent "Amicus Urbis understands rail-
roads better than he does Latin. Amieus
urbis means that the city is a trfend TO
him, not that he is a friend TO the city.
In the kindred expression anlicus ciH-sssoss
the Latin word is in the dative, not the
genitivi case.
ANXIOUS LIsGUAL ROMANO.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-12-04
The Mississippi and Tennessee Rail.
road.

The twelfth annual report Of the Pres
ident and Directors Of the Mississippi
and Tennessee railroad. for the year
ending September Both, indicates gross
receipts 1898, lie 81. and expenses to be
deducted, $l76,s2s 80 - net receipts,
sll6,s44 30. The receipts were S2l9.-
$50 0s less than in 1867, and the ex-
penses Sl3s, 5s7 80 less. The diminuiion
of net receipts is S9l, OO2 &C. The trains
have run with regularity, aud not pas
senger has been injured during the entire
year. The following is an extract from
the exhibit Of the President:
AT the date Of our las; annual report
the floating Indebtedness Of the com
paDy
Amounted to-...-.......--sso1, ~ 81
IL nov amounts to--------- 5oosla "a -. -. "a.
Showing decrease Of tsoss1 =
"But iuelodisg S4l, 1913 rs. which are
bills payable. held BY an insolveut bank
ing institution (the Gsyoso Savings In
siiiution), aHd which has been more than
repaid BY the loss of $4,000 Tenuessee
bonds, deposited with il A. collateral se-
CURLY, and including payments on bills
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-12-04

The Tribune says the Recommendation
BY The Electoral College Of the name Of
Hon. Horace Maynard as Ct member
Of Grants cabinet vas unsiss and in
decorous.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-12-04
sl.slO,sooW

- ~
Funded Debt......... sl,slO,Soo "
An increase since our nl .oo o.o q,
last report of....--.- ls'sos "
=" OF the Tennessee bonds reported as
on hand, $4,000 were deposited in the
Gayoso Savings Institution at the time
it suspended, and are now in litigation.
The indebtedness of the company to that
institution amounts to S4l 1923 70, which
is certain to be saved out of the bonds,
and the balance is claim against the
institution, which the company is liti-
eating.
1.-THE amount necessary to pay the
annual interest on our present funded
debt is Sl47,08S, and when the full COM
plement Of the consolidated bonds Of the
company-$l 300, 00O-are issued, the
amount, annually, to pay interest on
funded indebtedness, will be Sl75,96S.
This amount far exceeds the net re-
ceipts Of your last corporate year, but we
think we are justified in not taking that
year as q standard of the receipts Of the
road in future years. Gross receipts OF
$40O, 900 year will be ample to pay all
expenses incident to the working and
management of the road, and interest on
it's funded debt This amount, in an
average state of prosperity of the coun-.
try, we have every reason to expect, and
whatever exceeds that amount can be ap-
portioned to the stock as dividends, the
work of reconstruction being so nearly
completed, and the floating Indebtedness
extinguished.
ave shall make every effort to pre-
serve the Company's faith in their new
engagements, by prompt payment OF
the interest on its bonded Indebtedness
when the same becomes due, and can
only be prevented from the ful6llment
by disasters over which we have no con.
troll" Yea
he concludes with highly deserved
compliments to Colonel A. S. Livermore
and other officers of the road for the
fidelity and efficiency with which they
have performed their several duties.
The following is an extract from the
superintendent report:
"We have agreed upon joint freight
tariffs with the New Orleans, jackson
and Great Northern, and tie Mississippi
Central railroads, between Memphis and
New Orleans, between Memphis end all
points south of Grenada, on the Missis-
sippi Central railroad, and between
New Orleans and all points on our road;
and these tariffs will soon be in
operation-cars to run through without
transfer, and no detention of freight. AS
is well known, we have long been desi:
rous of making such arrangements, and
could never obtain the consent Of the
Mississippi Central railroad until re-
Gently, yet / believe that they will have
no cause to regret this concession. Their
business will, in my opinion, be increased,
while your road will, undoubtedly, be
greatly benefited, as it will tend to the
development of all the business adjacent
and belonging 70 each line"
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-12-04
JEFFERSON STREET HOUSE,
sTRAYEp or STOLEN.

CTRAYRD-FRoM s. MARKET STREET.
- % Tie "a 81 NovembsrG Dart bnnats.
MulgY COW, both ears crorTe1s = bic ~ -
hack In eood order and riTine miIk. Any N
f0rmali0a rewarded hy ISL =. TITUS.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-12-04
Varieties Theater,
Cor. Main and Washington SITS.

e 81 REsRRY Manager.
ON MONDAY EVENING. AUGUST slsr.
~ the ab-ve place Of Auusement viii reopen
Ia tke r~ruiar Pail and Winter Season with an
entire new company Of Male and Female Ar
tisfr Of welI-knoNn celebrity, Who viii appear
ever evening in q variety Of sqnet, Duets.
Dances. Nerroisml. Burlesquess farces. pis-
49, 49, The interior has been heaufifully
dee1raicl the stare furnished with set 81
epleniid New Scgnery, also neH and oeaati-
ful Drop Curtain, ty namuel W. oullck, re
talented Scenic Artist Of the New Memphis
IRE above 4 the ouiy placs Of The Kind IN
Nempkis uhero you can pasl q convitiai eFsn-
inf al . snail expe1le. -.
Aimission. DC; PrIFate borei, - f'I
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-12-04

E,0R sALE-HOUS AND LOT on 'NEB-
II gte- street. near Dclcto. tso aquaref trum
Herr lando street raiirJ al. rood neirhb1f bed.
81 b. sPAHGL ".
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-12-04
BOAR DING.

DOARDING--GOOD FURNISHED ROOMS
ID and Boarding 81 100 Madison street. Also.
Day Boarders wanted. Sc
BOARDING TWO PLEASANT FRONT
ID Rooms, with coed board. can be had n
private amily, on moderate terms. By imn1e-
date application TO MRS. 3. j. BEcKTEL.
d Linden street-in two minutes walk OF NJ sin
or Beal street cars. IS
JEFFERSON STREET HOUSE,
No. los jefferson Street
Boardins and Lodgins. per week. .---.....---S6 %
Boarding.. without Lodeing. per week. %
"a Q. RKINsHAGEN. Prarris.er.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-12-04

The following table shows the State
debt proper. the amount Of bonds loaned
railroad companies, and issued Tor other
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-12-04
FOR SALE.

DRIcK FOR saLE-AT GRl.NT BRICK
I'D Yard on Cha lesion railrof d. near Beal 81.
For terms inquire Of W. b. tbkEbNLAWSsso or
at Yard H-lu2
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-12-04

payeble. held BY different parties, and
not yet credited, and cash on hand, the
floating indebtedness Is actually reduced
49,, 697 OF more than the treasurers
balance sheet exhibits, which makes an
aggregate reduction OF $l69,l77 IS.
'"Of the floating Indebtedness, $27s,-
I54 9s is on old account, incurred before
the war, aud which the company does not
expect to pay, save by funding IN their
eight per cent. consolidated bonds, !.
1.-THE reconstruction and equipment
debt, we think, can be paid oil with the
net receipts OF the road during the COM
ing fall and winter. .,uf d.
The funded indebtedness OF the com
pany, at our last report, was as follows
State Of Tennessee
Loan, 9 per cent..;...sSl1.ooo W
First Mortgage Bonds. 80. a.. m
per ccnt..............- oVVsvOo w
Income Bonds, 10 per q, ooo 40
consolidatsd Bonds. 49,,
\ per cent-.-...''.'.'''''.' oso,i4i 30
sl,s59.sil IS
or which there was on hand as availa-
BILE assets:
State Of Tennessee
Bonds.-......-. ..........$ lSS,OuO w
First Mortgage Bonds b6.0OO % go M. %
Consolidated Bonds. 5000 CO--s zSoV w
= Leaving the actual :, ,.o =.
Funded Debt......-. sLeoo.Hi 20
The present funded debt, which, indie
pendent Of assets on hand, amounts TO
q ,005, 800, may be enumerated as fol-
lows:
Eight per cent. Consol-
dated goo 0O
First Mortgage Bonds 6o0.0n ~
Income Bonds.-.-...-- 49,COO W
State Of Tennessee ~.
Bords."---...............4 lI.oOU w
Asrresa,ipg ............- s2.oos.sOO 90
OF which there should be on hand:
State Of Tennessee
Bonds..--................Sl2 ,O00 OO
First Mortgage Bonds S9.g00 W -. ana m
Consolidated HOnds...... EQUIV W. y lyO,UUU w
The national Republican., 1868-12-03
ARIZONA.

The Indian war-Capture of nn In.
dian Camp - Mexican Redskins
Uniting with tho Apachss-APPrs.
hensions OF the CitiEens.
SAN FnAscIsco, Dec. 2.-Arizona advicss
to November IA have been received.
Tho Legislature assembled at Tucson No
vember 10. -
and killed seventeen savages and wounded
forty.
A quantity Of arms and provisions and ser.
eral mules were captured from tho Indians.
A large party of Indians attacked q pack
train near Prescott, killed three men, captured
q lot of rifles, pistols, and ammunition, ard
drove of tho animals.
The mails taken from tho mail rider near
Fort Whippls, have been recovered and do.
ivered to Postmaster Wicksrburg.
Some uneasiness Is expressed In regard TO
the safety Of the party Of miners who went to
Black Canon sometime since, as nothing has
been heard from them.
1t Is thought BY some that tho Maqui In
dians from Mexico have Joined the ApaOhss In
the present war against the whites.
The Indians in the nsighborhood Of Wicker.
burg stsmpsded q large herd Of cattle, horses
and mules. belonging to the Vulturs Mining
Company.
Thep succeeded in driving of forty head.
A number Of recruits had arrived at camps
Grant and Mcdowell.