Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-09-01
1910.

here, which next year will be about 10000
barrels, with 1900, perhaps 10000, tons oI
oil-cske. Added TO this, there mas bsen e.
tablished the last year the Chickssaw Coop
ersge Company, with capacity fcr 400 tight
and 500 loose barrels each day; the Pr
oneer Cotton Mills, with machinery 10 make
5000 pounds Of heavy sheetings, osnaburgs,
twine, packing-thread and rope per day;
the Milburn Ironwofks; large pork pack
ing establishments; a pump and elevator
manuiactory, and many others OF differ
ent character and smaller caliber, but
on on assured basis OF capital and bust
ness, all OF which fully set forth in
our Annual S.atementin lo-day's APPEAL.
The cotton trade reports falling off in re-
ceipis, bat this is only in proportion to the
falling of in the general receipts OF the
whole country. the grocery, dry goods, hats
aad caps, boots and shoes and other branches
Of trade Suffered by this decline, aud also by
the destructive overflow OF last spring, but
it is generally believed that the merchants
have done business-all wholesale branches
included-of more tn an S43, 900, 600, which,
with the earnings Of our manufactures, will !
run the general receipts OF the busi-
ness year up to something near s60,O00,00
Favorable and encouraging as are all these
results OF The efforts OF cur citizens The past
yeaE-hA- Gnase;rri- r-1ruur.. -r1r1t CON
dition Of the Taxing-Disrict government is
@qually 50. Since its foundation in 1879,
delinquent faxes TO the amounl1fs $40 SEQ
had been allowed to accumulate for he want I
OF a remedy for species OF default in a
plain duty that il wholly inexcusable. But
at the last meeting OF the Legislature an act
was passed for the enforced collection of these
taxes, The Cbancery Court being empowered
10 order sales and make absolute and irrevoc-
abe transfers Of all such properly rs shonld
continue derelict up 10 a specified time.
This, and The knowledge ihat syndicate
lad been formed for the purchase of
uch property, has had the desired effect.
Delinquent taxpayers are paying up rapidly,
md il ia hoped that enough money may thus
,e secured before the middle of this month
o continue the work Of paving, which should
lot be intermitted until all our streets are
made equal to Beale or Jefferson The coal
II fire was necessary TO make the turtle move.
The whole power of the Chancery Court WAS
necessary 10 make delinquent taxpayers do !
heir duty. The county finances are 10 even
better condition. On the 3Oth OF June last
he assets exceeded the Liabilities by $685.
"a SO. With fifty cent settlement of the
ebt of The city If Memphis, which amounts {
0 S4,61I ,659 IS, we will be able to take ad-
antage OF the business boom, which every I
ody can see is upon u-, and, by 1885,
ecover not only our st.hts amopg
be cities of the country, but make gains in
opulation every year equal 10 our losses
rom 1878 to $780, This settlement can and
lusl 10 be made without jsepardizing the !
integrity or impairing the usefulness of he '
'axing District government, and without in /
diving it in any way by the assumption of
ssponsibiIiiy for it. This done our way is I
lear. Nothing then can intervene 10 pre- !
ent The rapid contamination of our destiny. 4
Vith population now OF fully $4,000, by z
.piember, 1886, it ought TO be 10000, and
y the same month of 1890, 100000. |