Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-05-22

49, -E9HH -@-L 49,
President Memphis Convention: .
The Iron Mountain Railroad will be ex-
tended to Memphis, on the top of a leyee,
on the western bank of the river, when
ever the people will subscribe as stock,
at reasonable rates. one million of acres of
land.
ISignedl THOS ALLEN,
President.
NEW York, May 10Th.
Col. BlantOn Duncan:
our most cordial thanks to friends and
yourself for action OF the Convention.
our boards quotes Paris exchange at 10
in gold, which is equal 70 l5 in currency
lApplause.l
iSignea) J.. c.. FREMONT,
For Directory.
This was received with loud and ire
mendous applause,l
PmOT KNOB, Mo, May 90.
President Memphis Conventions:
The editors of Missouri, seventv-five
in number, assembled al Pilot Knob.
greet the Memphis Convention, and as
sure them Of a cordial support in all
proper measures 10 cement the Union
and develop the resources Of common
country.
(signedJ NORMAN HALEMAN,
President Missouri State Editorial Asso-
citation.
Applause.
Telegram from Gen. G.. r. Besuregard
TO Gen. Bussey, stating that the New Or
leans, Jackson and Great Northern Rail-
road viii do whatever any other o VIII
in regard to the transportation Of dele
gates.
This was received with applause, as it
insures a free passage to and from the
New Orleans ConventioTG all delegates
who choose 10 go.
A motion was made to suspend the
rules and allow the gentleman from
Georgia. Col Cole, 70 report on the report
of the COMMITTEES on Direct Trade. which
was reconmitted on Thursday evening.
REPORT IF CONMTrTEEON DIREcT TRADE.
Col. Cole stated that he was happy TO be
able to report that the Committee ON Di-
rect Trade had, in a spirit Of Cancellation,
agreed to report in favor of adopting the
third resolution as amended by the mi
nority report, 4. e. adding ia the third
clause the words "and other similar
schemes in Savannah, Charleston, Mobile,
New Orleans and Galveston" The rcsO-
luton as amended reads as follows:
ReSOtUed, hat we heartily approve Of
the scheme of direct trade between Nor
ok and Liverpool, originated at the Bris-
tcf Convention and organized 1t the Nor
folk Convention, and other similar
The Committed furtherreport as an 4d-
ditiOn to the report OF supplement the
following resolution;
Resolyed, That this Convention hail
with great satisfaction the enter
prise i~naugursted in Norfolk, by Com
modore NJ. X. Jansen, and we here
pledge him u sympathy, and the hearty
support of the citizens of the States here
assembled in Convention. Adopted unan-
imously.
The reports OF other committees were
then called. in order. The Committee ON
immigration were not ready to report.
Nj. Kennedy, Chairman of Committee
on Finance and Banking. presented the
report of that Committee, and said he
would, after its reading, say a few words
in relation to its recommendations. The
report is as follows;
WHEREAS, There Is now am unequal
distribution Of banking capital in circula-
don IN the Southern and Western States,
and, whereas, The Congress of the United
States by taxation Of the State banks has
forced the. retirement Of their circulation,
therefore;
ResoEped. That this Contention recon-
mend 10 and urge upon the Congress Of
the United States, 50 TO amend the bank
ing laws, as TO give the South and West a
fair and equal share of the national cur
rency, either by redistribution or by an
increase of the circulation, as they in their
wisdom nay determine.
Resolved, That this Convention
do favor the reduction OF the in
terest OF the national debt by
means consonant with a faithful
discharge Of our public liabilities:
Resolved, That this Convention 10
recommend to the Legislatures Of the
various States here represented. the re-
peal OF any usury law or laws. tending 10
impair h validity Of contracts. 3 fbat |
capital seeking an investment from abroad
NAV be secured.
Mr.. Kennedy Chairman Of the Com