Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-01-03

We can learn Of no change in local
scrips since cur last. There IS Of course
less demand in every way, but holders
are not very anxious to sell, az il is
thought that rigid measures Will be
adopted to collect al back taxes, and in
this way the demand will again become
active. City Scrip IS offered st S9s quite
literally, but cur brokers are provided,
and are net disposed to tie up their cur
rancy in anticipation Of any advances in
tie distant future.
County Warrants are firm, but outside
q 6 fsT Spectators We learn Of no Ge-
ma1G. The dreaded eG4scn has arrived
when the Board of County Commission
SFs are expected to issue largely, Gud
without the ring which has been
operating 60 largely in this paps-, is pre-
pared 70 Luy literally, it IS feared thai
warrants Hasy decline, - least Temporal
riiy. Scycrsi Of cur largest I've were
going 70 say tx payers property owners
have IS yet net paid d cent OF their
county or Sast8 taxes. What measures
viii Dc adopted to make them do SO Te
do not know but IS recent euSGtmeuts
of the Legislature have thrown around
tax titles saca safeguards as cannot easily
be Sc. aside, it is freely iutimsttd upon
TIE streets thai ,he tax can BE- secured.
Poles scrip is quiet. Dealers 10 not
want 70 boy It present. We quote
nomilsiIy s0@923 buying. Selling at
$50.
We have 10 change to report in School
Scrip.
Gold in New York opened to-day at
l34sc and closed at I354e. Exchange
was steady.
IN tLis market We heard Of 10 sales Of
coin beyond a few smsll lots. Brokers
bay ST I349I34l 2, and sell at I359l35Ic.
TIE plans ard cut by our city suthori-
ties to pay OF the indebtedness to enc Of
our national bzuks, certainly develops q |
great deal Of versatility upOs the part Of
the Finance Committee, snd, we have ]
40 DOUBT, that out Of th7 various projects
which have been hatcasd 0y them, some
will be adopted, AID tie city will
breathe freer, having liquidated . very
small portion Of the three OF four millions
which 0zuCs over her. The plan which
81 now under consideration is probably
the mos gigantic one yet presented, and
2s tbs ssE1s iims, Is ths Q which or
citizens, in the ~pervsrsity Of their ma
lures, viii most surely object to. It is,
we learn, proposed to sell the stock of
the city in the Memphis and Little Rock
Railroad, amounting to S550. 600, TO the
bank, proyiIsG l22 on the dOllsr be
reslizsd, "a this way, $685. 900 Of the
deb. OF fl30,OU0 could be raised; but let
Us see what else we would be paying for
this SG6, 900. This amount Of stock, to-
gether with tla5 held by members Of the
&c ring" vould give them The complete
C0atrol Of The road, which is one Of most
vital Importance 10 Memphis. It VIII
not only place the road ous Of the po9er
Of cur people, hut viii g ve the pur-
chssers control Of $50 600 acres Of land
donated Cd the road, $3.50 900 Of Grst
mortgage bonds, 81 800 coo of State aid,
rs vel IS g claim against the General
Government, amounting to $780, coo,
which wLl no dCu5t be paid at an early
day. Oar eltiZ ms viii at once accord
the finance Committee their thanks
for suggs stiag this essy mode OF liqui-
u snail portion Of their Liabilities !
L j. certainly 3 wonderful exhibition 0l
Gus-cisl wisdom, gGd the authors OF il
should tzks rank with Law, Mires, Flsk,
Vanderbilt and others.
The smauot Of the semi-snuuai divi
bends payable in New York to-day, on
various crasces OF stocks sud securities, is
5I3, 1872. 073 The interest to be paid ia
gold 81 tie Uaited States Sub Treasury
abous seven millions. The State OF
Massachusetts, pays the interest en- its
10 specie. The city OF Boston pays
Interest IA coin except on currency loans.
The New York Bauetis Of the 295h
ait. has some items Of interest to cur
IL connection with schemes now
before Congress. It says the Southern
movements have begun early. Tae Oilo
and Chesapeake road "a enterprise
proposes to supply aew links and
add 10 the truak line Of g route from
Norfolk, Va, TO C~inoinnsti-is or will
bs before Congress for a subsidy. Mr..
Pomeg0y proposes q great route from
Charleston, S. c., to Memphis or Little
r ok. The Seaator has 3 great interest
ia tue Arkansas professor rather his
ia-law has. Senator Spencer, OF
Alabsuos, presents a fuil-blown projset,
stsrtiDkst Chattanooga, running through
Alsbama to Mobile, and thence TO Lori
sians. through thar State to It's western
boundary. Senators Rec and MEDIA
I'd, q Arkansas, are well up in The
magnificent plans for making Arkansas
g bio4ua and hlrsso-n fika the rose - If
the national expense. Toe Niagara
Snip Canal scheme, WITH its twelve mil-
lion dollars of subsidy, has been hsuniicg
the e3griiors for some days past in the
person of Horsee II. Day, its o~stensitls
orsis ctor and most indefstigabie pro-
-aoter Toe Commercial Steam Navi-
cation " people ale mBsteriBP s~tTonglg,
a the hope Of compelling Postmas e.