Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-02-15

and the latter have begun to "re-
ceive." An invitation to the house of
one of these Pachas or other Oriental
dignitaries is now more highly priced
by the JelneSSe doree tina q a ticket to
a ball at the TuileIies or an invitation
to the lands or the Empress Eu-
genie.
Lord Lytton has p~erpefrated an in
Justice to Sir Rotert Walpole by re-
peating the association of his name
with a base maxin1 which, in reality,
he never uttered. The title of Lord
Lytton's new comedy is, "Walpole;
or, Every Man has His Price"
This sentiment, or this saying, has
been so often attributed to Walpole,
generally to Horace WalpOleD espe-
cialIy in this country, that il is hardly
twOrth while to give the fact in the
matter with any expectation of cOF-
recting the popular misrepresentation
about it. But the actual remark
which Sir Robert WalpOle made was
in referring to certain quack-patriOts
of his day, that Walpole said, "All
those men have their price,"
Exclusive of the two Atlantic cable
| companies, not less than ten subma-
rine telegraph schemes, with a capital
of s35, coo, 900, have been promoted or
completed within 4 few months. The
capital of the British Indian subma-
rine telegraph from SueZ to Alden and
Bombay, is alone put doWh at Sl9,-
000, 900; the Falmouth, Malta and
Gibraltar line at $1,000, 900; the West
India and Panama line at 50, 300, 600;
the British Indian extension from
CeylOn to Singapore at $500, 900; the
China submarine telegraph at 81, $780,
600; the China and Japan extension
of the Great Northern Telegraph at
50, 500, 600, and the Panama and South
! Pacific at 81, 800, 900. This wonderful
activity is exciting some alarm lest
the work be OverdOne, and the Lon
don Economist advises quiet people
not to NEEDLE with cable companies.
The New York H0Tldsays: Under
the recent decision of Chief Justice
Chase, the savings banks of this city
might insist that moneys loaned by
/ them on bond and mortgage before
the passage of the legal tender act
should be repaid i'll gold. That they
will not do this, however, is evident,
inasmuch as those who deposited gold
with them before the war would at
once insist upon receiving gold for
their deposits. The banks will, there
fore, be in no hurry TO establish a pre-
cedent which would iDjure them more
than it would benefit them. Certain
private lenders of money may, how
ever, take advantage Of Mr.. Chase's
decision. Such a course would GER
tainly lead to long and vexatious liti-
CATION, the result of which could by
no means be confidently predicted"
The three States of Ohio, Indiana,
and IIlinOs, have been made a sort of
bowling ground for the play Of the
railroad kings. A year ago, strong
efforts were made to cut the Pennsyl-
vania Central off from the Northwest
altogether; but now it IS stronger
than ever, and by the recent lease Of
the Little Miami and the Columbus
and Nenia Railways its hold upon
Cincinnati is fixed immOyably. The
Pennsylvania Central owns the Gin
cinnati and GAINESVILLE Road, and by
this lease has two routes from DF6s-
den, on the Panhandle line, TO Ciucin-
natl. A line from GAINESVILLE to Dres-
den is now building, and an addition
al line of sixteen miles from Rich
mond to COnnersville, on the Cincin-
natl and Indianapolis Junction Road,
would put the great bugbear into In
dianapOlis outside OF all existing ar
rangements. This line, it is said, is to
be built.