Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1876-09-01

that has arrived in Memphis since this mi
was opened, has been taken by It, at price
therefore, not only finding employment 10
memphis workmeA, but II Is encouraging on
farmers 70 Keep sneep and raise wool-a mos
capital OF seventy five thousand doll ara all o
which Is paid up. 1t will extend its machiner,
ana buildings, and add to the number OF ID
| hsnos, as rapidly as the call for Its product
| renders 1t desirable. This mill has commenced
business quietly and without parade, but II
viii ultimately De large and important con
| CeIns a ounulng intended for the manufac
lure OF cotton thread will be commenced on
| Foplar street. near the toll gale in three
weeks nom this time. j. w. Moores
getner with Major Hsrtmus and others, 70 ar
range Tor the purchase aud forwarding
OF me necessary mach merry, and the new
min Is expectsd to be in order to commence
active operations by the first OF December
next. Its product Will be cotton thread the
threat made from seed-cotIon on the plan u
manufacture in vented by Colonel Whitfield.
beside, the cotton-seed Oil mills already in
operation 10 this city, q new and extensive
ton avenue. Since the first cotton. seed OIL
mill was opened in the navy-yard, shortly be-
lore the war, the cotton-seed oil manufacture
mas assumed important proportions, and
every seas IN large sums are paid to purchaAe
cotton-seed, an article that used to be cast
away as worthless and cursed as an OBJ struc-
IlOn ABOUT the gtnhOuse. The fine flourtug-
mill On Beale street, beyond Second will soon
De running once more, b. l.. Logan ESQ
Of Georgia, who has for some time been do ng
business IN Texas, and who Is remarkable for
Inc skill, tenaci y and success with which
ne opens, conducts and clings to his
Enterprises, is 81 gagged In restoring all that is
out OF order in the machinery, and putting 1t
INTO nrst-elass condition care has been taken
OF the mill, the implemenl s, and the ma
cnlneTy during the long TINS the establish
ment h renamed idle Everything will be
restored, and new Improvements secured, so
Inat When four thousand dollars has been ex
Penoed IL Is believed That this fine mill Will
0eftpF nrcf Aara fb.ara vR,aof
grown In the district around will be gtouud,
ana we shall have our own brands of Memphis
nouF made from wheat the excellence of
which has no rival in the north. There will
also De corn gri nding and corn drying apps-
ratus, so that there will be no longer need to
Import meal from st. Leuis and from
Alton. The farmers W II have their own meal
ground from their own corn; the city mills
VIII grind all the rest that will be
wanted. When Memphis grinds a large por-
zion of the -four and meal she uses 1t will
MAKE large scceSs on to her sources of
wealth, and will preserve for home use money
now ssnt north every week of the year. The
w ashlngton street mill, managed by Chris
Nelson, has for some months at Intervals
sudpled our market with kiln-dlied corn
from recent grinding and drying makes it :
great favorite. This mill is turning out LIS bar
rels OF meal day; 1t is first in the fed, and
mas good prospect of doing a fine business
a considerable amount of cooperase will be
required Dy these mills, and we have already
c0opers At WorE near the city, the sale of
shall evidently be able to supply by home
\ n l;n all that win be re.
q 11red. The vast amount of packing
boxes used by grocers and Others, are now
wholly manufactured in the city; and not
only so, but the makers are shJ piping largs
numbers 10 western towns, where they cost
les Lnan those manufactured by themselves
me reason is that in the north they must use
! he expe, sive white pine; mere we have cot
Ioh. SSoo IN abundance and at low price and
are thus able to do good trade in Shipping
on Memph 's-made paoking-boxe This busi-
n IS Is indicative OF much other trade that is
ct TO come, for with the abundance of x seI-
lent CnDer there is around us we snail vet
make large sources of wealth. One of ouf
own citizens has invented one of the most
known, and has it now fairly fntrod need. II
entirely cleans the cotton from the thing
most OF all others complained oI.--dirt. |
The day of fiower-pot cotton is at an
end, for a Memphis implement, the fruit |
OF Memphis inventors bra n, has DESTROYED
u forever, anu the staple can ne brought into |
Inc market IookfD g Its best, and bringing the |
tull price its true quality -undisguised BY |
1T 10. From dealers in agIicuI-
uraI imp ements we learn that the dificuI
lies that have weighed so heavily upon farTn-
srs has not been favorable 20 the exclusive
purchase of agricultural impleme is; b It I
Enen they are OBJ aimed, the old-fashioned |
neglected, and the best improvements are |
eagerly sought for. The style of implements |
now used Is improving, and agriculture is i'm |
proving with their adoption. The m 4nufac- |
.ure OF brooms is still q successful business, |
Es b srt Smith turning oul seventy-five dozen |
md wess 6ji, ne employs seven hanes,
merchants for all he can produce They sell /
or from 81 25 to s. Is a dozen, and are OF /
,ro wn 10 The country around. A gond deal of
I has been grown this year, snd the quality |
good Mr.. Smith is paying from three cent,
o nVe aud half cents pound for 1t. Here
S another instance how the revolution
.mopg the agriculturists is bringing, not loss,
'ut change 10 the ctty-a change ' it'll gain.
ny cotton alone, and the varying of his pro-
ucts Will not Only emancipate himself from |
he worst evils that have pressed upon him,
ut ne will enable the city to increase It's |
prosperity by mutt plying Its manufactures; |
nd by the variation of products wider and |
more extensive markers will be dealt with,
nd wealth expanded in proportion.
Banks and Insurance.
The history OF Memphis banking for the
ear can be summed up, in its general charac
ne whole United States, IT has ben charac- |
erized by extreme monotony. The 9 IeraI
1disposttion to speculation, md the general |
OF values, have caused capital to lie |
lonth after month, idle in the bank vaults |
ne little de Dire there has been TO effect loans,
nd the extreme caution that has governed |
'ansacttons, have prevented profits being |
lrge; but amid ths perils ana dangers of q
ear of uncommon commercial diffic1Itv the |
Iemphis banks have done a safe conserva. |
We business. Their nberaltty has been great |
o~eVer. When fair show for a good stroke of
/
accommodating in all instances |
here the p oper security existed. The large |
mount OF cotton that Memphis has received |
lis year mas thrown vast amount of Ia Dor |
nd care on the banks, but ade has never
let with obstruction from defective financial |
arrangements Excnan during the We ar has
ndergone only those fluctuations Incident t. | I
he usual changes of deviation which money |
IkeS At the turn of the season, Our hanks |
ave given notice that for the future they Will
OaDdon the system OF making contracts for | j
xchange by the year round the effect of the |
leration Is expected to be that exchange, |
Ike gold, will be bought and sold on the basis
the regular telegraphic quotations. An ad-
aHce in the price OF cotton within the last
lonth OF the season had the result OF run
ing down the stock OF cotton Is 900 bales
urIng July and August. AS most of this was |
)tton held on money from the bar ks, large {
lhux was tae consequence, and. instead OF | {
le approach of September bringing the
susl tight money" complaint, there never | /
as g. month in the year when the plethora
the banks was greater than during the
Iontn OF August. This is an unprecedented | ,
Renaissance in the hlstory Of Mempbis ,
anking. OF local stocks, bonds and scrips so
tue has been done throughout the year, and
} little interest is manifested In them, that I
lere Is nothing in their years history worthy
detail. ,
owing to the sickness of the secretary OF
resent the ususl annual table of the nine
isdrance companies of the citv; but not
the business Quietude of the
ear, we learn from the fficials that, unuer
lie circumstances, our home com panies have
let with vefy satisfactory degree of success.
ne companies, In general terms, report &C {
s1s1ons 10 their pa1d-up capital. The apitsl
presented here In fire and inland insurance, |
? home AID foreign companies, Is one hun
red aud thirty millions. of this one and ,
lree'quarter millions belongs to Memphis /
mpAn1es, and is material add ton to the |
Ionetary resources within the reach OF Oul |
Ierchants and business men generally. The |
emph1s insurance companies make better |
low, at the end OF the season, than Is made | I
most others OF Its size in the United States.
Our Imports and Exports.
Receipts of leading articles at Memphis. |
statement for two years, enuing
sptember !, 1875.
l1icial figures Of the Chamber Of Commerce. |
ARTICLES. 1875. 1875 ,