Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-10-02

I pecl lnlS PHI, oNlDE 10 AAit pAoAtAS DNaiAt
busily engaged in their affairs, or making
settlements around the Banks. The Pre-
sident of the gold room has received tho
following notice from the Gold Exchange
Bank:
NEW YORK GOLD EXCHANGE BANK, J
October /, 1869. :
To TOWNSEND Cox, ESQ: SIR am di-
rected to notify every dealer with this
Bank, to send in to the Bank, a full
and complete account of his claims, OF
whatever nature against this Bank. with
everything specified. To verify these
claims this should be done at once.
y. NJ. BENEDICT, President.
Later in the day, the following addition
al notice was sent to the dealers with the
Gold Exchange Bank:
"OCToBER ist, 1869.
IAN dealers with the Gold Exchange
Bank will please send in at once their
statement of Friday afternoon, amended
on basis of striking out from their state
ments the nine names advertised as re-
jected on September 81"
The names were as follows: Albert
speyers, Dorwin & Babeock, Galway,
Hunter & Co., VIM. Belden & Co., Seergar
& Groves, Chas. Mcclure & Co., P. II.
Williams, jay & Co., Charles W. Keep &
Co., Jas. Brown q Co.
"ISignedl CHAS. II. WOOD,
Vice-President."
The State Superintend't of the Banking
Department is understood to express the
opinion that when these statements are
all in, the bank win Je in such condition
as to be relieved from the Receivership,
aud if this be true, then many brokers
will be able 10 meet their liabilities and
resume business.
1t is rumored that smith, Gould & Mar
tin will be forced into bankruptcy by
their creditors.
Money was easy during the afternoon,
and before the closing Of the banks could
be had quite freely at per cent. in Gov
ernment and stock cOllaterals. Discounts
nominal. Sterling dull and heavy, 714@
~. Gold opened at $50, touched 1905
and closed at l309s. The Sub-Tressury
sold 81, ,OOO, 900 ct I2915-IOO9I3O l7-lO0. The
carrying rates were : per cent, and l-S2
per cent. for borrowing. GOVernpeRts
are active and higher. State bonds are
firmer. Old Tennessees, COZ; new %.
SECRETARY BOUTWELL, AND THE GOLD
GAMBLING
A Ietter-writer in the New York World
of Tuesday says 10 Boutwell,: Let me ask
YOU the following: II you were mer-
in, a. IN rEvh hnr al
had in your employ a head financial
clerk 10 cashier, who had control of your
cash), what would you think of that
cashier taking some OF your cash and
handing il over 10 a few gamblers to pay
their losses? This-nO more and no less
is lust what has been done with our lthe
people gold. Once before certain Seere-
tary did asimilar thing to save the Bank Of
England from suspension, and the injury
caused at home by that act was well nigh
irreparable; yet you, honorable sir, COM
nit the same error to save few gamblers
from loss, and we (the people) will suffer
for Il by being denied the large influx vt
specie that would have come TO It's had the |
gamblers been lei alone.
Another correspondent in the same is |
sue Ofthe. World says to him: During the |
seven months OF your Treasury admins !
tration you most pOnderOusly tried 10 re- |
store your COuntry's credit by reducing j
the debt, But which debt? The 800 mil |
lion shinplasters i6F which Government |
gradually, but surely, absorbed the peo- |
ple's gold and silver, these truly dishonr |
ored representatives OF "A race which sus- |
tanned Government in their struggles the |
first and most trping year Ofthe war; mol |
You and your administration never gave !
them thought. You don't want to kill |
them: YOU use them as the diluting me
dium OF both straining peoples resources |
and euFtailing the bOndholders' par due |
for their bonds. and when you and your |
hackers (whO, happily, are but few are |
asked why YOU do not strive % redeem |
obligations overdue, injurious to trade, 20 |
credit, and to good morals, yOur answer, |
collectively, is the mOst disgraceful con- |
ceiyabIe. Nou saw these overdue green |
backs pay no interest, and are therefore a |
cheap debt; but fiye-twenties do paw q per |
cent. We must therefore let the just |
debtor, who gave his gold and silver 10 |
save Us and toolishly dsmanded no inter- |
eat--we must let him wait, and rather at |
tend to our own advantage by buying |
bonds and save the interest. Was there a |
policy, II policy il can he called, ever in |
wrong-dOing equalled in this world be- |
fore? But how are you 10 reconcile the |
act of Congress with your policy? 1t was
positively enacted that Government Will |
pay its bonds in gold. But you, Honora-
bic Secretary of the Treasury, first depre-
ciate the currency, and with that depre-
ciated currency buy your bonds. The |
gold in the Treasury may indeed blush /
yellOBer or redder for the base use you |
doom It to, and the poor greenhaeks be- |
come greeRer, for the Yerdant part you |
make them play,
GAMBLING MADE EAsY-HOW THE THING !
WAS DONE,
From the New York Tribune.l
The New York Gold Exchange Bank |
acts as a clearing house for the gamblers /
of the Gold Exchange, or = Gold Room -
as il is usually called, and seems to have /
been started for the lapd9ble purpose of \
making money, and the less laudable one /
OF afiOrding extraordinary facilities - 1
men without means for operating largely 1
in the Gold Room and appearing before /
the public as wealthy capitalists, We /
personally know at least one firm who /
have been for months past doing a large /
business as bulls in gold substantially |
without capital. As matter 0fcourse |
the concern has been swallowed by the /
whirlpool. The regular dealer in gold |
makes every day n statement TO the Gold |
Exchange Bank of his purchases and sales /
"a r. ~