Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-10-15

retary ofthe Treasury to cancel and de
stroy all legal teudar notes that come int
| his possession as fast as the net means o
the Government viii allow. In case th'
national bank currency is applied foi
faster than it can be furnished under the
conditions here stated, the preference is
| to be given first to the South, and second
to the West, until the whole currency In
circulation he equalized upon the basis oi
populatiQn Third, direct the Secretary
/ of the Treasury to regulate all his actions
by the wants and necessities Of the Gov
eminent, and leave the people to manage
their money markets and their business
rSignedI %J. NJ. RICHARDS,
| chairman"
The Chairman of the Committee on Mis-
sissippi Levees then submitted their re-
port, action upon which, after a spirited
controversy, was postponed until Friday
morning. The Essential points in the re-
| port ara as follows:
The Importance OF deyising praeti-
cable plan for protecting the lands from
overflow. by a system of levees. was in
operation before the war, which afforded
tolerable protection; these have passed
away, aud the soil remains as fertile as
before, and capable of almost indefinite
production, with eapacity to yield annu-
ally more efthe precious metals than all OF
shall this region be developed2 How shall
the losses be rebuilt2 Private enterprise
alone will attain these results. These
lands should be reclaimed by the aid of
Joint stock companies, organized on the
principles that govern railroad cOmpa-
nies. Let each pound Of cotton, or other
produce raised under protection of the
levee, be taxed, with every acre of avail
able land, and the company be authorized
fpX /
should be protected and maintained with
telegraphs, section masters, tug boats,
etc. In short, il should b3 thor
Oughly protected in seasons of high
water; and Thus the lands would
yield remunerative dividends to the
stockholders. The Committee would re-
commend the favorable attention of Con- |
gress to such companies, If organized, /
and would urge that they be aided by the /
Government, but they do not believe the |
work can be done exclusively by the |
Federal or State Governments.
The Committee refers to the success of |
the Pacific Railroad, and believes that /
the next important work for Congress to /
do is to aid in developing the alluvial /
lands OF the lower Mississippi. They sub
NIT for adoption by the Convention the
Resoteed, That though the Mississippi 1
river is national in its character, and 1
the general care Of IL belongs
to the Government that any system
adopted for the reclamation and protec-
tion from overflow of the Mississippi
river, should be comprehensive and uni
form throughout the whole valley, and
should be based upon surveys and exam
nations made by the proper scientific
officers of the General Government, and
carried into execution under the general
supervision of that Government.
ReSolveq, That a committee of one from
zach State represented inthis Convention,
be appointed to memorabilia Congress
upon this subject, and who shall be
charged with the duty Of endeavor-
ing TO procure legislation in the form
prescribed in the feregpiug report
ana reaoiutionS OF in such other
farm as may best secure the objects in
view; aud also that this committee shall
lay before Congress all the papers and re-
ports submitted to this Convention, either
by individuals or communities.
Mr. James, of Tennessee, presented a
very elaborate report, memorialiZing Con-
gress to improve the navigation OF the
Tennessee river, which was adopted with
lgtia dissenting voice, and, at o'clock,
he Convention adjourned until tO-mOr-
row.
The business of the CanYention to-mor-
aow will be immense.
In the grand procession this morning.
here we're hundreds of vehicles in tie
inc, representing the various lnanufac-
nring aud MERCANTILE interests Of the
titles around the Falls. Many of them
we're elaborately and tastefully orna-
nented. The procession is estimated to
nave been five miles in length, and two
md quarter hours in passing a given
1oint. 1t was unquestIonably the grand
'st affair of the kind eYergottep hp1n the
west. ~ -