Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1870-04-29
FINANCIAL AND COMMERCIAL.

BUsIYEss.-It was good throughout nearly
the whole day. II would have been better but
for clouds and occasional showers, and then
the whole population Of the city devoted the
afternoon to ceremonial honors rendered the
remains of Pat. Cleburne. Walker a. Bros.
properly closed their doors. while others for
got the simple duty. But little Western pro-
duce was received yesterday, and the market
was firm. without any marked advance from
our quotations in any staple commodity.
The RNGs. Little was done by those within
or without the scrip and bond and county war
rant rings. The effort to bull the county war
rant market of Saturday and Monday last was
suspended, and there was quietude in all the
little back parlors on Madison street. A show
Of anxiety is manifested in reference to the
disposition to be made of Alderman Hallum's
report on the great bond and scrip izzle.
so-called. but there are few or no city bonds
held in this market just now. OF course they
have all been transferred, and the present
holders are perfectly innocent parties-inno-
cent doves and lambs, and neither bulls nor
bears. Who doubts? One Of them says all the
bonds swspped for scrip are in a true Southern
city. Baltimore, forsooth; and, therefore,
Memphis must shoulder the enormity, and
taxpayers must sweat and the poor groan that
remorseless plunderers of the city may riot in
ill-gotten wealth. But we are opposed to re-
pudiation. When people suffer themselves
to be cheated they deserve the consequences,
The voting places we're open. and thousand
blacks carried the day, marshalled BY Barbour
Lewis and black Shaw, Mol No! Repudia-
tion2 Never Lewis and Shaw's acts must
never be repudiated. City scrip is worth &c.,
and some has been sold at re. County scrip
is dull at SOC. Bank of Tennessee, 73@74c.
THE SCHEME BEFORE CONGRESS. = Recently
gentlemen of this city visited Washington for
the purpose of securing land grants to the
Memphis and Kansas City railroad. The peo-
pie of the Northwest must have access to the
Mississippi river. and prefer that point at
which Southeastern railway lines converge.
Georgians. Alabamiaps and Carolinians would
have ut once access to the completed Pacific
road. 1t was. therefore, an easy task to COM
bine the carpet-baggers in Congress with the
representatives and railway rings of the North
west. This combination effected, it was i'm
portant to conciliate New England, and
| therefore, the Kansas City and Memphis
scheme was combined with that other by which
q railway levee is to BIO extended from Mem
phis to New Orleans. For this whole line
from Kansas City through Memphis to New
Orleans a grant ofpublic lands Of twenty thou
sand acres per mile is asked for. The bill has
been presented in Congress. and with every
prospect of success, the scheme draws to it
support elements Of strength from every guar
ter Of the country. Between this scheme and
that ofthe Trans Continental Company, which
consoidates the Memphis ald u Paso and th'
Yieksbprg apd Fl Paso companies. there is ne
antagonism. On the contrary, the very ex
ponent of the combination which would ex'
tend the Memphis and Kansas City road tS
New Orleans is the staunchest friend Of Ere
mont and the Trans Continental charter nov
pending in the House. The success Of these
trp corporations viii make Memphis the
ehiefest of Southern cities.
CoTToS. The market yesterday was dull
decidedly, Middling commanded 22@22lSc.,
! but holders would not sell for less than 221Sc
There was palpable decline in cotton in Liv-
I erpool, which was counteracted by an advance
I in gold in New York. Low middlings were
sold at 2l1z92l54c.. and stained at from l5@
/ zoe. The sales Of the week amounted TO 33Ot
bales. Little is doing this morning.