Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1873-09-27
LITTLE ROCK.
The Disasters Of the Year-Ep zOOt C,
Smallpox, Cholera, Yellow-FeYer
and the Money Panic.
Black Frlday-The Young Southwest
Memphis The Coming Election
Bank Failures and
Currency.

From an Occasional Correspondent
LITTLE Rock, September "a, lS72.-
This year seems to be fruitful Of great
events and disasters, fatal to the well.
laid plans alike of the matured business
adopts and Wall-street speculator
Banks with the accumulations of years o.
honest toll, have been swept away. l
not a monetary crisis, it certainly has
been akin to it. The banker with bis
millions, and the petty traitor and sharI
practitioner with their thousands, have
all alike gone down together, tTuthfully
rendering the old adage, Together they
lived and together they died." the samt
grave of disaster covers them in com
mon. In these fearful events and dis
asters, the south has bad more than hel
share. AT the first of the year we haC
the epizOOtic, then smallpox; after it
cholera. All these prestrated business
pursuits more or less. Upon the heels
of it, yellow-fever; with it, another
BLACK FRIDAY UPON WALL STREET,
a financial crash, millions OF dollars
swept away in values; the second great
fire at Chicago, a greater one at the com
mencement of the year at Boston, and
greater disasters upon our great inland
seas and the Atlantic than for many
years. The fairest and most prosperous
capital, the metropolis of the
YOUNG SOUTHWEST,
Memphis, seems to have been singularly
afflicted. You have been scourged un-
mercifully. You have been through il
all. If thousands of dollars have not
been swept away by great fires, like Chi
cago and Boston, or the failures upon
Wall street, consequent depreciation oil
values, your loss has been great in the
prostration of business, though you have
handled nearly half a million of bales oi
the "fieecy staple,o seemingly other
wise a prosperous year. But suppose that
neitherOf those sad calamities had come,
is it not probable that you would have
handled perhaps half as much more?
Is there any reason why your cotton re-
ceipts this year should not be seven hun
dred and fifty Thousand bales? AS you
are now "out of the woods again,
nearly free of all these calamities, with
an increase of a thousand miles of raj
to the interior of Arkansas, Texas and
the east, and possible water commune
cation, direct trade with Europe? Ger.
tainly not. In your apparent great ca
lamity, other cities and towns that radi
ate from your proud and queenly eleva
ton,
THE CITY OF THE BLUFFS,
have been more or less scourged with
you. Even the "city of roses' could moi
escape your many mishaps during the
year. Free, comparatively, during the
year from any epidemic or contagious
disease, we have suffered immensely in
the consequent disasters all around US,
in trade and commerce. The political
fdSco Of BrOOks-BaXter during the early
part of the year rendered all values in
stocks and State securities almost
valueless. A hat-full of these State
bonds, scrip or county Indebtedness, that
represented ten thousand dollars, could
be purchased at one-fifth of the face.
value. At one time railroad sid-bOnds
could not be negotiated at any price.
Happily, however, Baxter secured his
position by the Outspoken voices of the
people everywhere in the State. The
result of
THE COMING ELECTION.
in the State on the fourth of Novem-
Der, is looked for with interest. II
may be considered a general election,
as but few counties in the State escape
taking part in the election of either a
senator or representative. The opposi-
ton will be struck and overwhelmed
with such an avalanche of the outspoken
voices of the people as would silence or
dinary mortals for the remainder of their
lives-they would hide from public view
and the presence of men, and seek for
giveness in penance and sackclOth and
ashes. The last of the many mishaps
incident TO the year, SO far as our down.
trOdden State is concerned, is the sus-
pension Of
S. H. fuckers BANK,
an institution known all over the coun-
try, believed to have been beyond any
mishap. The news of its suspension
took everybody by surprise and alarm
as to what would happen next. Right
upon its heels, the attempt of the re-
banks in statu quo, and the
of a few leading mer-
chants, was the reputation of
THE CITY's CURRENCY.
The people, however, squelched this in
the bud en- nldSse, and gave these shys-
ters to understand that they had to
help sustain it. Confidence was again
restored. In this issue, which is a mere
bagatelle at best, only about eighty-five
thousand dollars was issued, and one
half Of that is locked up in fuckers
bank. From this fact Of fuckers inn
mediate available assets these re-
banks took the idea into
their shallow-pates. ''If we can re-
pudiate the cfty's issue of currency
afioat, we can control that locked up in
fuckers safe, and make money out of
it, too" This is the inside workings of
the ring on the street, which, as a
matter of course, was not brought be-
fore the several meetings of the citizens
and merchants, because a confession Of
weakness upon the part of the banks.
restored and your city free
Of disease, on the first of the month regu-
ar shipments OF cotton and trade can
be anticipated from Arkansas again, as