Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-08-07
FINANCE AND TRADE.
OFFICE OF THE DAILY APPEAL, !
MEMPHIS, August 8, fs7o- J

MEMPHIS, August 0, tefo-
RusINEss CONDITION OF NEW YORK.
The New York Eceniag Post thinks the
prospect of a speedy and general revival
OF trade is good, and says: The business
OF this city is again reviving rom the oe,
preston usual during ne not season anu
which the financial condition OF the
conntrv has this year made very marked.
Tn importaut houses are preparing for
large sales. and evidently expect the fall
100 "a begin early and actively. The
country generally Is In q favorable con-
difion for a fair years business; and the
extreme dullnsss of the principal whole
sale markets Of lste has doGbtiess gwen
time for a general reduction OF stocks 10
The towns and villages Of the interior.
Meanwhile prices for most classes of
Goods remain lower han for many years,
I'M spite of the recent excitement in the
gold marker"
COTTON AND n A
The New York Economist y hat but
small proportion of the total of our cot
ton export has found its way into the in
terror OF Europe through the German
ports. and tie blockade of those ports,
even IL made effsctu2l, will not have an
appreci able effect upon the continental
cotton trade. The French ports, owing TO
The naval weakness of Prussia will, OF
course. remain open, and the same Is true
Of Great Britain. whether she is drawn
into the continental complications or NOT.
n ia also probable that the Spanish, ltai-
ian. Belgian and Dutch ports remain
omen to cotton shippers under any CON
t~inCenciss that can reasonably oe anuci-
mated. While it is quite probable, there
fore. ths some Of the former ~eaahneI OF
The cotton trade may be closed, there Is no
reason 70 fear thai the demand Tor our
staple will decline, although the adNan-
tare of anv material appreciation IN Its
value will mainly accrue to carriers
through the increase in freights.
GFNERALLEEANDTHEvA VALLEY RAILROAD.
General Lee having been solicited by a
mass meeting of the people OF Stannton,
Val TO accept the Presidency OF tue alley
Railroad. in a letter Of the 18th ut, an
swered: Thought have no desire lot ne
office. and would much prefer hat II
should be conferred on some other gentle
man. vet SO important do i regard this
work 10 the interests OF the Nslley and Of
the whole State, that when the company
IS July organized If they desire my ser
vices as President, and think proper TO
make such arrangements as may render
nv acceptance Of the position not incom-
patibls with my present duties, shall be
willing TO accept The control of the road,
aud 70 use what energy and ability 1 may
pussess in mrthering the speedy compile
ton of the work"
TRADE MARKS.
The New York 4mericGn Grocer of the
SJth ult. says: a persons trade mark Is
a. much his own property as the goods
upon which he places il, and the laws OF
ali civilized countries recogniZs the fact
aud give protection for il. The subject Is
one Of much and growing Importance 20
onr trade. and il is well for manufacturers
., WITHSTAND fF rnaanE treaty. he
tween France, Russia and the United
States, guarantees this property in trade
marks between the citizens Of their re-
spective countries, although the common
international laws Of nations has done
the same thing for years. There are GER
tain forms of law TO be complied with,
which NAV be ascertained from the United
States Commissions of Patents"
IHE INTERNAL REVENUE LAWS.
A singular case has recently occurred
in Cincinnati involving a curious point in
reference to the stamping Of tobacco. A
constable seized a quantity of unstamped
tobacco under IN execution, and removed
the goods from the premises. AS o as
he had taken the tobacco into his posses
sion the defendant in the execution gave
information 10 the Collector who seized
the goods. in consequences of an alleged
violation of the revenue laws, which
under heavy penalties forbid the removal
OF unstamped tobacco. The constable
then proposed sp4yingt TO the Collector to
purchase stamps to be affixed to the to-
bacco before putting il up for sale. The
Internal Revenue law, however, provides
that stamps shall be sold only 70 a manu-
facturer or his agent, and the Collector
refused 70 sell tobacco stamps to the con-
stable. This conflict Of Jurisdiction in
vOlved all the parties In an unpleasant
predicsment, and the only approach to a
solution OF the difficulty was obtained by
an agreement to send TO Washington for
the decision Of the Commissioner of In
ternal Revenue.
TREASURY PROGRAMME
The following is the programme an
nouncsd by the Treasury, for the month
OF August, relative TO gold sales and bond
purchases: