Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-01-21

The credit OF the city, so far as her
bonds are a criterion, is approaching to
an extent very encouraging to our eiti-
zens; and this not alone ct home, but in
New York, where we learn by private
dispatch, our 6 per cts. are favOritea. To
continue this appreciation it only needs
the exercise Of the NEST ordinary care by
the Finance Committee Of the Board Of
Aldermen. If this Committee, instead
of allowing themselves to be worried
into the endorsement OF measures suici-
dial to the city committed to their charge,
will call for and study a full and com.
plete exhibit, TO date, Of the con-
ditiOn Of the several departments Of
the city government being careful
TO have q thorough report as to her
railroad Indebtedness and obligations
they will then be enabled to discharge
their duties inteliigsntly, safely and pru-
IDENTIFY. These gentlemen viii, we have
no doubt set with an eye single to the
interests Of Memphis, and view With
suspicion any proposition, come from
whom it may, and under whatever pre-
text, TO SSH the Railroad stocks by which
her citizens are 70 be sustained in the
equitable Enjoyment, and be assured OF
the fail management Of highways that
are ss necessary to her life Is arteries to
the human system. They must be
ehRrry Of receiving the financial propo-
sitions Of bankers or brokers working in
the interests Of corporations proverbiallv
without soul: and, % they do in the
conduct Of their own affairs, narrowly
scan the motives for every move
ment, that has for its ultimate end
q trade for city property. In q
word, they must go upon the predi-
cate that men do not usually work
for nothing aud that the stocks, the
bonds, and other property Of the CITY
may be made as remuneEatiye and "a
usefal to heE people in the aggregate, as
10 sny four, or six or ten, or as many as
compose the "insatiate ring" now seek
ing to gnaw It the vitsls of Memphis.
Let al the members Of the Finance
Committee make themselves intelligent
as to the actual ana real financial condi-
ton Of the city, and there can be no
doubt Of their ability to accomplish the
measures necessary, not only TO her pres
ent temporary relief but her future sol
vency. There is no necessity for selling
any of her property II what ia due
Memphis Is but as promptly collected as
the lSw allows. Ga whatever is due or
past due By the city, time should be de-
msnded, and doubtless win be granted
until collections can be made as above
we do not hear Of any creditors anxious
or elsmoTous for the sale of city bonds.
STOCKS or Fesl estate, who are not SUD.
posed 70 have Rfinities for the "ripg.U
thirty days further extension will ena-
bic the t1nane Committee IN nout than
selves n city matters, and look around
for means OF relief. In the gonoraI ~
terestI no man moved in ans -
the public welfare will fail 70
reasonable a request, if msde
right way. In thirty days the eon,es.
tee can do much that Will redonn5
their credit. The books Of the eitv oa~
be examined existing and PROPOSES 90
contracts be sifted, and an amount os
light thrown upon our affairs that is al
solutely necessary, before any certain
or decisive steps can be taken for perma.
nent relief. Acting up TO these SUCCESS