Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-01-13

Clnciunau-------..
New orIeans..-..- ds9par Z prem
Gold opened to-day in New York a
1S5ic and closed al lS54c. Exehang
was stesdy at the opeDingi but soon ad
vanced TO 95@I03c.
In This market coin transactions BIT
go smsll that they are of little or no Ia
tereet. We quote buyiDg, lS4@l34kC
Selling at New York rates.
At the meeting Of stockholders, to-day
Of the First National Bank Of this city
the following gentlemen were electe,
Directors for the ensuing year: BeHj
Eiseman, Newton Ford, w. w. Young
w. w. Thatcher, J. w. Jefferson, c. +
Smith, G. p. Norris, +. 5. Davis, c. c
Psrtee, q. Judah, w. p. Proudhf, w. r
Moore and J. n. Oliver. A semi-annua.
dividend OF ten per cent. WAS also de
clBred.
The following is the result Of the
election for Directors OF the Ger.
man National Bank, which wss
held ct the banking house to-day. i
will be seen that several OF the old
Board were not reelected J. P. Holt:
man, OF Mitchell, Hoffman & Co.; Lewis
Hanauer, OF Scheduled, Hsnauer 8
Co; r. P. Walt, OF r. 2. Walt d Co.: D
P. MADDEN, Of d. p. MADDEN & Co; B
II. Wisdom, OF New York; NJ. L,
Meacham, Of Meschsm 4 T~reaiwell; A.
L. Harris, Of Harris, Cochran d Co.
Considerable interest was manifested in
this election.
We know Of no change In stocks OF
- HTar h,nauu - u, I.H,..l - aDI
@4sic o fill orders, but there are nc
sellers.
City Scrip remains firm at 75@76c
buying. Selling st 7s9S0c.
County Warrants are decidedly dull.
Several lots were offered to-day and
yesterday, but dealers are generally well
supplied and show no disposition to buy.
We quote HOminslIy 70973c by dealers.
Selling at 75o 10 taxpayers.
There is no change in Police or School
Scrip.
The Commercial Bulletin reports the
New York money market easier, with a
steadier feeling among borrowers. Lend
ers in that market have ceased TO scheme
for usurious rates Of interest. There are
no transactions on call at over seven per
cent, and appearances indicate that a
movement has set in which will result
In 8 steady increase Of funds and a de-
cline in the rate OF interest. Money is
still going South but the receipts from
the West and the country banks, togeth-
er with the return into the street of
money Withdrawn for payment Of diyi.
dends, are sufficient 70 neutralizs the
effect OF those shipments. Senator VIII
sons bill, proposing to prohibit the pay
ment Of Interest upon the deposits Of
national banks and to R~brogate the use
OF certified checks, has revived the old
feeling Of complaint against the inclina-
ton in Congress to legislste adversely to
the interests OF New York banks, and
has IN some quarters excited a feeling in
favor Of a return to the State system. II
is said that one national bank is now
asking the consent OF its stockholders 10
Teorgsn.zs under the State laws. A pri-
vste capitalist Is also said 10 be taking
steps toward the organization Of 3 bank
under the State system. The frequent
introduction Of schemes into Congress
calculated to interfere with the business
Of the banks Of this city has undoubt-
eddy q tendency to make our banks dis
satisfied with the working OF the ma
tionsl system.
The amounts paid 20 tax-gatherers,
tithiDg men, etc, in the employ Of the
Government was:
For the nrst year s. eSq -go
For the nrst year 1867 ...--.-.---.--.- Sgslssj
tOr the nrst year 5.-.---.-.--...-.... s,527.8 ol
- 1uHaw- -
gate sums collected were, INCLUSIVE OF
h direct tax upon lands, and the duty
upon the circulation and deposits Of ma
tiOnal banks:
5le,a5,sSi
A5.8D,s.5
4ooo------- ..--- ...--..-----..--- lyl, tsO.55I
The largest receipts of Internal revs-
nues Were during the fiscal year 1865.
By successive legislation on the part Ct
Congress 10 the reduction OF taxes, the
annual receipts are estimated 10 have
been lesseued as follows:
By statute OF July g, IE55.-- s65fOlcCo
By statute Of March 2, Is57 -. .... 1000 OJJ 1
~ statute OF February 8. Is56-.-- 23OOIt0l /
By statute Of AaTcl 81, lS6SI o,
by statute OF July ~, is5s, - saiV'V'Wv
TotaL--- 2 I53.O O0,uUo
The internal revenue receipts from
cotton, for q series Of years ending jan
uary 6Oshi annually, were as follows:
,409,65
--------.-.----------. 1o,b-siDGh j
2rSU,bl5 /
The manufacture Of cigars 10 this
country is upon q magnitude c0mpre-
hended by few. The aggregated amounts
as shown by the statistics OF the internal
revenue department were:
ls3 lee IS. 2ss I
4qlTs6-l - i
~ 5s
4i3,od I
4siADH4 ~. I
sqIe EU55 4
Upon these products taxes were col
lected in the years:
,4tb 90 I
1857 2tyT 81 4
----------. -.--- -,SJl,bs1 i
Chewing and smoking tobacco shows
a manufacture and income 10 the Gov
eminent there'TOm ~ follows:
Aanutseture. Taxes.
1888 .-.....--..S, 1891 2SSggZ2
lno7 pounds - l5-as5f7S 4
lSs-.-----... -....48.slV.85J pouuds----- la.esz Us /
C0EEOA.