Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1870-03-12
FINANCIAL AND COMMERCIAL.

'"HSH- D.H
MoxRY ASDsTocKs. Speculation grows rife
Il. all descriptions of securities, and as conf
dence is restored and gold begins to reassert
its value and power, there arises better de-
mand for most descriptions of securities. City
bonds are little healthier ana memphis anu
Charleston railroad stock Slowly appreciates
in value. If 1t had never been "atered II
would be at paror above 1t. Ihe road ana MOI
actually cost more than three mililohs' ana
its stock and bonds are not less than SIX OF
seven millions, the over-issue due IN part 10
barbarities of the politicians war which en-
riched spectators and ofilee-holders' lmpoY-
erished the people, and destroyed railways.
City bonds are weak in the knees. uncer-
tainty distinguishes the condition OF city
finances. Whether we can meet next Janua-
rvs interest is the great moral question.
Since the Mayor is indicted by wonderiul
court for his Official action, 1t rs possible tha'
the whole corporation will be consigned TO the
penitentiary. We have an awful lot OF courts
and juries and hangers-on OF courts, IN TINS
court-burdened city, and there is no knowing
how they will affect public credit by their cost
illness and extraordinary acts. county war
rants have, like city scrip, a downward ten
doncy. Buyers need only be patient Inc
scrip market has, for a year past been con-
trolled by bulls. They are growing SICK ana
the task is very uresome. County warrants
are at 70 to 1dc'
RAILROAD DIVIDENDS. is most wanted
now in these Southern States, and, especially
as this city is affected BY necessities common
to the whole South, is fair, honest railroad
dividend. Hardly railway corporation of
the South, in the past six years, has dared to
open its mouth and purse and declare a divi-
dend with the one, and from the other fill the
pockets of shareholders. Presidents, Secreta-
ries, superintendents and Directors receive
salaries, publish wonderful reports, and make
many attractive disclosures of future pros
perity, but dividends are not forthcoming.
The country grows constantly in wealth and
population; villages ana cities spring INTO eN-
istence; bonds are duadrupled IN Vaiuei
everything is charming on paper ana ahhHAl
reports are fair as lilies Of me Falley' put
never do we learn that dividends bloom IN
gardens OF glowing ngures ana aniu mowers
of arithmetical rhetoric Whieh blossom ~
annual reports OF railway MANAGERS: On !
for one square, honest dividend! ihere is
not farmer in the South who has not a sur
plus fund hidden under his hear'hs'pne' de-
posted in some bank or loaned 70 some en-
terprising, successful neighoor. burleu treas
ure is profitlessi loans TO indiViduais are al
ways more or less insecure ana ueatn Is
troublesome to inconsistencies Halfway cor
porations never die; their property Is mae
siraetible' IN ne very process q Esal'Hs gu'
a railroad rebuilds ilseli; Inc ie's iu uula-
bility' the more It's business anu greater ,s
value. All that IS wanting 70 evoke ana u'li-
iHe the hidden treasure " 'ns SUN AM
mSh i; ~ ~s'I~ s s For dividend Tho
e., t;nsloT ,bs sun e.e, uiumiped win
4. ~, ~ AZ 49, rsiiroaa monareb in The
S - VA. ~ - ~ 5e,i 49, Siyide,dl
''oD'D WV