Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-01-04

operating go largely IN this paper, is pre-
pared to buy literally, it is feared thai
warrants may decline, at least Temporal
rily. Several Of our largest I'VE were
going o say tax psyers) property owners
have IS yet not paid one cent OF their
county or State taxes. What measures
will be adopted to make them do so we
do not know but as recent ensctments
Of the Legislature have thrown around
tax titles such safeguards as cannot easily
be set aside, it is freely intimAted upon
the streets hat the tax can be secured.
Police Scrip is quiet. Dealers do not
want to buy at present. We quote
noDinslly 90S92e buying. Selling at
CSC.
We hsve no change TO report in School
Scrip.
Gold in New York opened to-day at
1876, and closed at I35Ec. Exchange
wa steady.
In this market We hesrd of 10 sales Of
coin beyond 3 few small lots. Brokers
buy at IS49IS44e, and sell at 1359l35!c.
The plans laid out by our city authori-
ties to pay of the indebtedness to one Of
our national banks, certainly develops q
great deal OF versatility upon the part Of
the Finance Committee, and, we have
no doubt, that out Of the various projects
which have been Matched by them, some
one viii be adopted, aud tho city will
} breathe freer, having liquidated g very
small portion OF the three or fur millions
which hangs over her. The plan which
is now under consideration is probably
the most gigantic Z yet pr esented, and
st the ssme time, is the one which our
citizens, in the perveFsity Of their na-
lures, will most surely object TO. 1t is,
we learn, proposed to sell the stock Of
the city in the Memphis and Little Rock
Railroad, amounting to S550,G00, to the
bank, provided 12e on the dollar can be
realized. In this way, $4,000 Of the
debt Of $4,000 could be raised; but let
US see what else we would be paying for
this Sc, 600. This amount Of stock, to-
gether with that held by members OF the
"riDg," would give them the complete
control Of the road, which is one of most
vital importance 70 Memphis. 1t will
not only place the road out OF the power
OF u people, but will give the pur-
ehasers control Of 150, 600 acres Of land
donated to the road, $500 900 of first
mortgage bonds, 81 800, 900 of State aid, |
IS well as a claim against the General
Government, smou1ting to $500, 600,
which viii no doubt be paid at an early
day. Our citizens will st once accord
the Finance Committee " their thanks
for suggesting this easy mode of liqui.
dating q small portion Of their liabilities.
1t Is certainly a wonderful exhibition Of
financial wisdom, and the authors OF It
should take rank with Law, Mires, Fisk,
Vanderbilt and others.
The amount Of the semi-annual divi.
dends payable in New York to-day, on
various classes OF stocks and securities, is
Sl3, 462, Os3. The interest to bs paid in
gold at the United States Sub Treasury
was about eve millions. The State OF
Massachusetts pays the interest on its
bonds in specie. The city Of Boston pays
Interest in coin except on currency loans.
The New York Bulletin Of the 29lh
ult. has some items Of Interest to cur
readers in connection with schemes now
before Congress. 1t ssys the Southern
movements have begun early. The OaIo
and Chesapeake r0ad-an enterprise
which proposes to supply new links and
add to the trunk line Of . route from
Norfolk, Va, to CincinnaFi-is or will
be before Congress for a subsidy. Mr..
Pomeroy proposes 3 great route from
Charleston, 5. c., to Memphis or Little
Rock. The Senator has a great interest
In the Arkansas professor rather his
brother-in-law hes. Senator Spencer, OF
Alabama, presents a full-biown project,
stsrtings ST Chattanooga, running through
Alabama to Mobile, sad thence to Loui- {
sisns, through that State to its western
boundary. Senators Rice and Melon {
aid, of Arkansas, are well 10 in the
magnificent plans FOR making Arkansas
" bloom and blossom like the rose - at
the national expense. The Niagara
Ship Cansl scheme, vita its twelve mil
lion dollars OF subsidy, has been haunting
the corridors FOR some days pas. in the s
person Of Horace II. Day, its ~ostensibls
protector and most indefstigable pro-
moter. The Commercial Steam Navi- !
cation +" people sTe mastering strongly,
in the hope Of compelling Postmaster
General Randall to do what they want, F,
and to gain the six millions which he ]
prevented them from p0cketing last !
summer. Another ring is composed Of {
Tennessee II ldicals. I know not II the /
Governor is in it, but certainly some Re- s
publican ~Congsessmen Of that State are a
its earnest supporters. This, il suecefs- I
full, viii net five million dollars. 1 be- c
lieve this money is due the general Gov l
eminent for the payment Of rolling s
stock and materials purchased Of the
Quartermsster's Department after the
war closed. II may, perhaps, be a claim s
for services rendered during the war and I
claimed on account Of "loyslty.n One !
the other certainly is. Besides these
there are the Alta Vela claims, amount
ing 70 several millions, in which Judge 3
Black and Gen. Butler are both inter- c
esied as setLve OF advising counsel. :