Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-07-08
COMMERCIAL, FINANCIAL All
CROP ITEMS.

COMMERCIAL, FINANCIAL ANp
CROP ITEMS.
-OmciaI information received in Wash
ington, denies the report as 10 the insOlv-
encv Ofthe State of Florida. The interest
on the State bonds Is being promptly paid.
The Bureau Of Agriculture estimates
that there are more than a million acres
Of wheat this year above the average OF
1868, which was over eighteen millions of
acres: and it states that returns warrant
the belief that Iowa has 224 600 acres mor6
than in 1868; Minnesota, I45, 900: Ohio,
1 l4b, 600; Indiana, r3O,000; Tennessee, $780,
900; and Missouri, 10000.
When Gen. RutterfeId entered upon
his duties AZ Sub-Treasurer, the Secretary
0fthe Treasury appointed a commission,
consisting Of certain bauk Presidents and
Treasury officials, TO superintend the eX-
animation, counting and inYentOring of
The assets Of the Sub-Treasury. These
assets amount to about $50, 000,000 in spe-
.cie, and S20,00Q ,G04 n cuueneY. The work
- done under the superintendent Of W.
H. Camp, the manager of the Clearing
House. A number OF clerks rom the
Treasury Department at Washington. ana
iortY experts from financial institptiops
IN this citY, are engaged IN the work. The
gold is first counted piece hY piece and
then weighed, and a detailed record made
afthe contents Vt 6acH hag,
The tendency OF the times Is thus
commented ON by an Eastern exchange:
We observe i'm nearly all parts of the
eouDtrv a tendency toward the cOnsOlida-
tion OF railroad corporations ,apticai
interests are ranidlv COMBINING to secure
ji@entfsaI ~nlauagtme. e and p9hcIes, anq y
Would seem To be not III all mproeapi5
that this process VIII 20 on TIL all the
roads between the East and the West are
forced to succumb to the reslstless power
of concentrated capital such comblna-
lions may be favorable 20 rapid transit,
but they NAV also become Indifferent to
tie public veal, and exact eXorbitant
rates. for.LE consolidation, competition is
destroyed. The tendency would seem TO
be already in that direction, judging from
the relatively higher rates of freight rom
New York than from some of the neigh
boring cities TO the West.
The Capitalization of business in the
principal commercial marts is another
feature vhi.h cannot lie reCk0ued as
among the most fagOraEIe indications Of
the time, if d" the greatest good TO the
greatest number " be regarded As 0Ftho-
dON commercial doctrine. 1.-THE big fish
of trade" il L. maintained. " are eating up
the the little ones" The profits Of mer-
camille business are everywhere compare
lively light, While the expenses OF lNllg
and conducting business are comparative
" large, and, as a natural consequence,
those firms who judici0usly WELD thu
largest capital, as a rude, achieve the
greatest measure OF success. Hence il is
that a good many merchants Of moderate
4EsanE Ease peuGIne discouraged vithia
the last feV wears. ana sought relief from
slender returns, in speculation, which has
been stimulated by our irredeemable cur
rencv. One of the inevitable results is
seen in the enormous appreciation of the
prices OfmOst kinds of stocks. This evil
can only be remedied by a resy0fsti0n Of
the natu raj lays gOi ernipg trade (which
were thrown into a state OF chaos by the
late rebelliOnL to their correct status, in
Gliding a return to specie payments at the
earliest possible period, and a thorough
GverhalIing and proper adjustment Of our
whole revenue system, the whole supple
mented by r-etrenChment and economy,
individual and national.