Newspapers / The Charlotte Observer (Charlotte, … / April 6, 1882, edition 1 / Page 2
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1 1 8rhMKiTHrtttr flfrhsmicr. W, d, as Baooro-CiAsa mattm, .... THE f All TAXES ON BANKS, AWirig to the official statements nf thft TreMoierirtho -revenue -inow' 'raised under existing laIS from 0125? 000.000 to 15O,0OO,0O0i orrrrrand-abOYtt any jgossUle need otftLie government, and witn anything like economy on the nart of Coneress. the present laws ought to ' yield h much larger amount. The question of a reduction of the rev enue (which, has been before Congress since its meeting in Decembei) is one of the most important matters likely to come before that body the present session. One feature i3 the attempt to abolish the twv. cent stamp duty on bank checks, aud the necessity for the repeal of the unjust and burdensome taxes levied by the general government oli deposits and circulation of banks. This is a matter of great interest to merchants, manufacturers, not less than to all who are engaged in mechan ical and agricultural pursuits, because whatever affects the finances of the country affects everybody. When the matter comes up we hope to see the North Carolina delegation in Congress act as a unit in voting for the repeal of these war taxes on the banks, because if the rate xf taxation be lessened the rate of money will be lessened in pro portion, and the advantage will be en joyed by the common masses of the peo ple even more than by the banks. The odious 2 cent stamp duty on bank checks needs no explanation. It is un derstood by all business men, and it re quires no argument to satisfy any one that it should be abolished. A will de vising millions of money, or a deed conveying large landed estates, and a mortgage securing thousands of dollars, can be executed without paying a cent of tribute to; the general government, yet the man who gives his check for one dollar on a bank has to be subjected to a tax of 2 cents on that dollar. Is this fair, or is its unfairness too plain to admit of argument? Then again : The revised statutes of the United States provide that the fol lowing taxe3 shall be levied upon the national banks : 1st. One per cent, annually upon the amount of notes in circulation. 2d. One-half of one per cent, upon the amount of deposits, and 3d. One-half of one per cent, upon the average amount of capital not in vested in United States bonds. The circulation of national banks is based upon government bonds;- banks first purchasing the bonds, .and then hypothecating these bonds with the Treasury. Upon" these bonds the government grants a circulation to the amount of 90 per cent, of the par value of the bonds. When this statute was passed taxing the circulation of banks the government was issuing six per cent, bonds, and they were selling in the markets at par or less. Then the powers granted the banks in issuing circulation, upon a six per cent, bond, was a privilege. That privilege was profitable, and it was proper that the government should levy a tax for the enjoyment of that privilege. To illustrate, we make the following calculation of the exact profit there was in the circulation granted to banks on a six per cent, bond at par: It took $100,000 in cash to buy $100,000 in 6 per cent bonds. This gives (90 per cent, of cir culation) $00,000 Reserve fund under the law .... 13,500 Total net circulation. . . $76,500 This loaned at 8 per cent 6,120 Add 6 per cent, interest on $100, 000 of bonds 6,000 Total . $12,120 Less 1 per cent, tax on circula tion 900 Net '. $11,220 If this $100,000 capital was loaned out at interest it would earn $8,000. Then deduct this sum from the $11,220, and we have the sum of $3,220, which was the net profit upon the circulation derived from $100,000 invested, and the privilege granted a bank upon a six per cent, bond at par, and which was 3.22 per cent, upon the capital invested, over the ordinary, interest of 8 per cent The banks were then receiving a benefit and a profit from the circulation, and were both able and willing to be taxed for the privilege. Let us submit a calculation made upon government 4 per cent, bonds at the present prices of about 19 per cent, above par: " In cash, $100,000 will buy, In 4 per cent, bonds, $84,000. This gives a circulation of 90 percent.... $75,600 lteserve la.per cent 11,340 Total $64,260 Loaned at 8 per cent. $5,140 80 Add 4 p. ct. on $84,000 bonds. . 3,360 00 T ?&t $8,500 80 Less 1 per cent, tax on circula tion 756 00 ;Net . SM.IdA so It will be seen that the balance falls upon the wrong.side of profit and loss. If we deduct the $7,744.80, the profit on circulation under the existing law, from $8,000, which ought to be the interest on the capital loaned if not invested in United 'States bonds, we find a positive loss on circulation of $255.20. This does Hot include what is considered an extra tax which the banks are subjected to in defraying' the expenses of the national bank note redemption department, which has to be borne . by all national banks in proportion to their capital Htock. If this privilege of -issuing cir- ' culation ceases to be profitable, and as arihttn' liv the above -calculation a positive loss, then every rule of justice and equity requires that the tax should Tbefi fee Mber reasod5;hy these excessive taxes ; sbouM be repealed : When the tax was levied the credit 6f the government was such that bw bonds bearing per wnt. interest were keted at jarNgf atthbra aWJh n,. MMmmnf: ia distrainer of bonds, her Interest costs her less" than S per cen for it has been adduced fcy a mathematical calculation, that a gov ernment 4 per cent bond, due itnd 'paa ble in 1907wlll yieldl oBly 3 pf ent Interest at $18.40 above par Thfe being a settled -fact "at' the present plfce of 4 per cent bonds demonstrates - that the credit of the government is so good that she pays annually less than 3 per cent upon. the loans, which is proven by the act that her 4 per cent bonds on yesterday sold on the market in -Jfow York for 118 after the April interest, has been paid. Formerly the bnuks could hold their reserve funds in compound interest-bearing notes, or in govern ment 6 per cent bowls. Now. they must hold their reserve f tradsMn dead money, yielding no interest, and in order to make any profit whatever, in every de partment of their business they must come down to small gains and a most rigid system of economy. . ''; The question very naturally arises, why issue circulation at all if it involves a loss? The answer can only be found n the fact that to retire the immense amount of circulation now outstanding would cause the circulating medium of he country to be reduced over $300 000,000, convulse the financial system of the government, and' carry in its train bankruptcy and ruin to the business interests of the country. We believe the banks could stand it for a time at least, but the psoplecooid not Now we come to consider the third point in the argument we set out to make, and that is in regard to there peal of the tax by the government upon deposits in national banks, savings banks, State banks and private banks of one-half of one per cent A deposit is a debt, due by the bank to the depositor. It is not an asset but a liability, and our representatives in Congress should remember that oufs is the only country under the sun that imposes a tax upon a debt. The policy is simply indefensi ble, imposed in the extreme stress of necessity, arising from the war, and when the pressure upon the Treasury was at its height This necessity no longer exists, and this unjust burden should be taken off. 1 When the war was over Congress be gan to consider the .reduction of the war taxes, and relief has been granted from time to time in nearly ; every de partment of trade and commerce. 1 1 has been left for banking capital, dis tilled liquors and tobacco to continue to pay the exorbitant warlevies. The bill for the repeal of these taxes has recelved the approval of 'the com mittee, of ways and means, and the business 'Weresti : of the .country re quire that it should become a law. We bone and tout -that we snail see no op" position to1 its repeal "among the North Carolina delegaMpn. ja Congress. It is not a political issue, but purely a busi ness matteiVand the passage of the bill will be an evidence" 6f ; he progress of It is to be hoped that 'whatever Con gress may do or leave undone, it will not fail to remove these Tmrdens from commerce. These taxes were ' war measures, levied for war purposes, and should be repealed in time of peace. THE CHINESE BILL VETOED. The President has yielded to the pres sure brought to beat by the opponents of the Chinese immigration bill which had passed both Houses of Congress by such emphatic majorities. He dallied with the question so long, and wavered so much, leaving both sides to believe by his actions at least that he favored their views that we cannot attribute his action now to a strict sense of duty, but rather to a disposition to follow the advice of those to whose influence he surrendered himself. Did we think him actuated by a sense of duty we should applaud the act however much we might differ from bim in the rea sons which governed his action. Under circumstances like those surrounding the movement, support and passage of that bill no light reasons should prevail in prompting a veto, and thus endeav oring at least to crush the hopes ot hundreds of thousands of American citizens who inspired the movement, and prayed for the passage of the bill. It was no mere matter of sentiment, nor was it a simple race antagonism. which was made the , chief basis of op position when the bill was under dis cussion. It was a life and death strug gle with them, an effort to be relieved from the overwhelming incursions of the Mongolian hordes who are over running the Pacific slope and will, If the tide of immigration continues, in the course of time, have it completely in their possession. The President assigns nd reason or argument in his veto message which was not urged and met in the discussion of the bill. The objection to the period or twenty years is a mere subterfuge for it might be argued quite as plausi bly by the advocates of free immigra tion that ten years, as suggested by some as a means of compromise, was an unreasonable time, top, and in vio lation of the "spirit if not the letter" of the treaty with China. If ten years be not a violation of the sDirifc ofthft treaty then twenty is not. . Thafcis a mere evasion of the true issue and a pretense to justify opposition where good reasons could not be found. In this matter our sympathies have been enlisted in behalf of the laboring man of the Pacific States, but if we re garded the veto from a merely political standpoint we should rejoice at it for we think It will create a political revo lution in those States and be the means of placing them in the Democratic col umn in the next national contest How over much we would be gratified by ima wewouia still rather see an em - nargo put upon the promiscuous in uwwuk VL lue Jaongoiian nordes that are overrunning that fair portion of the Bepublic : ' .,' ' ' f Sii w . m t r1 l-' ' '" -;" The Catawba Mannfactnring Property Not Sold. i We copied a little article a day or so agq Xonv the Newto Enterprise, in wmcn lepras: stated that 'Mr.. John 1. Cobb, receivervhad made a sale ot he property oi tne Catawba manufacture ing company, but it turns out lb5 have hnAn ft rnlnfftlrn. fr fnVV, .t- Wmv n uvea ua, 4,,! uo huw e k vwu ouiu, auu Mini he isstill open to negotiations." CONGRESS The Won rnntinnea the Disengaimi of I the Army Appropriation Bill, Which Calls Out an Animated Debate on ' " I V Some of the Amendments Washington,; April . 5.-Sena ' The bill admitting Dakota as a State warrepomd'itb Territories wiinour amenomenc. uai (ttidar. ' 1 s '" 5- Jonas, of Louisiana, presented a me vlo oxchang4 nTw Ortea, W9Bamtt?favorabJft ac- morial received by telegraph from the tion on the Mississippi levee appropria- tion Dili, ana opposing any experiment al scnemes u wnica we ucsl enguieor- Bead and referred. - Miller, or uaiiiornia,' introduced a bill to execute certain treaty stipula tions relating to tne umnese, identical with the yeioed Chinese bill, .with the exception that the term of suspension of immigration is reduced to ten years. is made 60 days instead, bt 90 days after 1 and that the time xor ic to go, into e&ecc its enactment. Referred to the com mittee on foreign relations. ' Morgan called np his Mexican reel procity resolution and after some dis cussion, in which Morgan said that the resolution contemplated 'legislative ac tion upon the tarilfs of tne two coun tries, ft passed without objection. Jackson, from the committee on claims, reported a bill referring the claim of the State national bank of Louisiana for cotton taken by agents of the government in 1865 to the court for adjudication. The presidential count bill came up as unnmsned Dusmess, After some discussion of the status of the veto message as a privileged question, Harris moved to postpone as unfinished business, with a view to takin&r ud the vetoed Chinese bill. The vote being taken, Harris' motion Dre vailed, veas 29. nays 23. The vote was a' party one, except that Cameron, of Wisconsin; Jones, of Ne vada, and Miller, of California, voted vea with the Democrats. Davis, of II linois, and Mahone voted no with the ReDublicans. The Chinese bill was then taken un without opposition Sherman moved to refer the bill and message to the committee on foreign relations. Sherman supported and elab orated the objections of the President, and Darticularly of the Chinese minis ter, and urged that as there was no oc casion for haste the measure should be carefully perfected in committee with a view or obviating tnese oDjecuons. Garland expressed the opinion that in view of the protracted discussions of the measure in the Senate and House, it was improbable that any new light could be tnrown upon it, ana as lutein sent action could be had at that time as well as any other. The purpose of the proposed leference was to bury the bilL Morzan argued that the motion by involving the virtual reconsideration of the measure was an evasion of the con stitutional requirement of a direct votei Referring to the memorandum of the five objections to the bill by the Chinese minister, which accompanied the veto, he said he believed this to be the first instanee in American history in which a President of the United States had consulted a foreign power about meas ures on which Congress was legislating as trv-wbether the proposed legislation would be agreeable to that power. So far as it concerned the President the objections of the Chinese minister had been worth more than the arguments on which the bill had passed Congress. Charging that the Republican adminis tration had arrayed tnemseives in nos tilitv to any legislation on the question, he arraigned the Republican party for having assumed a like attitude and said the Republican leader in the Senate was attempting to smother the question and slip around it iy lef erring it to a committee. Bavard followed in a long speech against the reference and in defense of the bill. At the conclusion of Bayard's speech the pending question being; divided at request of Garland the vote upon tne first branch to refer the bill to the com mittee on foreign relations resulted ayes 18, noes 32. Party vote except that Cameron, of Wisconsin, lngalls Jones of Nevada, Miller.of Calif ornia, Plumb, Sewell and Teller, voted with the Dem ocrats in the negative. Davis, of Illi nois, also voted no. The second branch to refer the message and the papers was also negatived : yeas 19. nays 29. On the question, "Shall the bill pass notwithstanding the objections of the President?" the vote was, yeas 29, nays 21. So the bill failed, two-thirds not having voted in the affirmative. The vote in detail is as follows Yeas Bavard. Beck. Call. Cameron of Wisconsin, Cockrell, Coke, Davis of West Virginia, Fair, Farley, Gorman, Grover, Hampton, Hill of Colorado, Johnston. Jones of Nevada, Lamar, McPherson. Maxey, Miller of Colorado, miller of New York, Morgan, Pendle ton, Pugh, Slater, Teller, vest, voor hees and Walker. Total 29, Nays Aldrich, Anthony, Blair, Davis of Illinois, Dawes, Frye, Harri son, Hawley, Hoar, lngalls, Kellogg, McMillan, Mitchell, Morrill, Piatt, Plumb, Rollins, Sawyer. Sewell, Sher man and Windom. - Total 21r Garland, . Jackson, Jonas, Ransom Saulsburv. Williams and Vance, in the affirmativey werepaired with Edmunds, mcdul. Aiuson. juogan, erry, naun der and Conger, in tbrasgatfre. ' HoSB.-s?MeEiotnirig having been ouspenseae'wiwtrie Mouse, at 12:20, wtntirngiDommiiES 01 tne wnoie on thft Armr aBDEOtitiarion bill. The ve&dins oae&tkm was on appeals taken. y eatrday-f rani the , decision of the 5 'chalri- rullnfe in order that Dortion 01 the clausftuBderijonslderation which pxoviea tor"t!re 'transfer of claims pending; in the.-uarfejtinasrneral's department tQ too uparfi o claims, ana -M- - 4 1 il;. 1 j' J lil M S. ouLTjx orcrer taat portion winca regu- The chair staled that fie'nad not yes terday decided on the point oi . order as an entirety, but had merely indicated hwhat portions of the text? would be; and what would not be in oraer, nan separ, rate points beea! raisect; ajtaihst' them There were, therefore,, he ;8aidV no ap appeals pending, and he. proceeded to render his decision, sustaining ;the point of order, and holding thatj as the transfer feature was in par t otooxious to the rules, the whole clause must be eliminated. 1 r" li : j ! Hiscoc'ki of New "ork, " ihenffercd an amendment providing that no money appropriated biu&'sbfll J wywuiinwTawnra..ir wre-q.naner master-ceneral's drartmeat- - Thomnaon;.t Ktfirtrvrftrairai tn I Jimeid the amendment fcy tritf erring cutims - xo, me uourtr qz uuima where claimants may desire. Blackborn.bf Kentucky, in nrmnainx the amendment,-, said that grftveaccu satkme had been made against officials in the Ifteatfermaster "general and com missary geneidepartment' There werepracttoes existing in those depart menta in .the jnatter jjf A adjudicatihg claims Whh5hJno iionesfi;an conld da. fend and rw legislator could permit tH conunue. ' no uau enaenee in bis desk to that effect which he wouldnot rfead becansA wmom, practlcfes had prevailed -A- iln7 f. t I ues payi"s uiacKman money Were as IguUty as receivers. That the evidences imDroDer practices were correct be had fakea occasion td satisfy himself by suomitting, them to jtfaidousmemers rr?? - " Ul wupwjiroufc aiutiik iuo jfusv JU n jcajo, UUU USU ACAl UCU1UU nnar T O TTT YTtft ft Ml .-.. I. J luff them evidences of .their official miscon duct in their own handwritine. . Inves-1 tigation or this matterwoiHd come at Itueiaropetlfaie, and . trwt:soolftmf 'was seekmc 1 to warn tne noose agamsr a system of ad j udlcatiohTthat was rot- teirtdTthefcore.Hei was' willing that any membeKbOBW exajme;j;be papers nkUli Vi 1 J Z t " J A 3 I -L- mMMmm Sr LlA U:'! tlemai Instead "of -'havttg' a; itde-show HUMycgjk, Y UU1U mate - ma cnarces i '. i r n : : i i atqti iiT Qrii inAit t .a i iiiacKourn replied tnat timcnargea as the papers in his . possession seemed to present them were ihatnreb'.baaployed as important clerks jia the two depart menta had beeh in, thp.babitojf levying blackmail to the extent' of. 3 per sent, commission ori'cJaihis 'wfycli they re- uuuiuiciiucu. uieau( lo say up uivsv, pat thy wrote recjp, after tips fash- ion: Received of . 5 per cent fees in cases of Georee Jones. J C Smith and Lucinda Cowgill, dollars and 95 cents. , J.u MA arland. McFarland was then. Blackburn said. as he was informed, chief cterkj. of the examining division. liiackburn stated that when the com- mitrteed rosehe would offer a resolution directing the. . committee . on expendi tures in th war Department to investi gate the matter. " " ' ,. Reed stated xnat ne nad lust received information that J. L. McFarland was not in the, quartermaster-general s de partment In 1875, the date of the re ceipt, but wa3 an attorney in Washing ton. A long discussion then eh'sued,. touch ing the merits of he Court of Claims and theV.quArterma-general's de partment as a tribunal in which claims should be adjudicated, enlivened Toy a brief speech by Mr. Bragg, of Wiscon sin, who alluded to the "rebel claims" as a bantling, reared and fattened in the Republican tent until the Republi cans nad lost control or the Mouse. Then it had driven the bantling to a seat at the door of the Democratic tent, and said we will cry, "Mad dog," and when we come back intxrpdwer we will feed you again. He intimated that the result of transferring claims to the Court of Claims would be to admit dis loyal claimants. ... Cox, of New x one, favored tne trans fer and contended that a tribunal should be established for the adjudica tion of. all private claims. rhere were on the calendar of the House private claims aggregating $911,000,00O4 : There were $22,000,000 wanted for public buildings, and the old river and harbor, steal would come in for ten or twenty million more. Referring to thb oppo sition made by Mr. Reed, of Maine, be remarked that probably some of these fetid "loyal" claims had been bought up by cunning speculative Yankees, who had advocated it around the capitol. The amendment offered by -Thomp son was rejected, and that offered by Hisoock adopted. The committee then rose and report ed the bill to the House. ' Reed, of ' Maine, demanded a vote upon Hiscock's amended amendment, yeas 100, nays 95. The bill then passed, and the House, at 6:20, adjourned, . v Don't be Alarmed at Briztat's Disease, Diabetes or any disease of the kidneys, liver or Uflnary organs, as Hop Blttprs will certainly and lasting!; cure you, and It Is the only thing that will A CARD. To all who are suffering from tht errors and in discretion of youth, nervous weakt ess. early decay oss ot manhood, Ac, I will send a recipe that will cure you, FHKK of CHARGE. Thl i great remedy was discovered by a missionary lr 3outn America. Send a self-eddressed envelor, tc the Rev JOSEPH T. IN MAW, Station D. New York City Treat Vonr Tectb Rather than have them puUed Let your dentist save all he can. You deserve to have trouble, be cause you have not used SOZODONT. When properly fixed, then rub on the SOZODONT, and keep them all right for time to come. "BCCHIPAIBA." Quick, oompleta cure, all annoying Kidney, Blad- aer ana uunnary Diseases, si. Druggists. Da- pot, J. n. McAdeo, cnariotte, u Diphtheria attacks all classes, at all ages and at all seasons of i he year. As thweed of this terrible disease Is In the throat it is directly reached by Darbys Pro phylacUc Fluid used as a gargle or by swabbing out the mouth with a cloth saturated with the FWld. Articles used about the sick should be rtnsed In water containing a small quantity of the Fluid, u will absolutely destroy the germs of con tagion. Metier ! Mothers 1 1 Mothers ! !! , Are you disturbed at night and broken ot your rest by a sick child Buffering and crying with the excruciating pain or cutting teetn t n so; go at once and get a bottle oi ants, winsluws SOOTHING SYRUP. It will relieve the poor little sufferer Immediately depend upon it : there is no mistake about it There is not a mother on earth who has ever used it, who will not tell you at once that It will regulate the bowels, and give rest to the mother, and.rellef and health to the child, operat ing like magic. It is perfectly safe to use In all cases, ana pieasani to tne taste, ana is tne pre- soTipOon of one of the oldest and best physicians ' and nurse in the United States. Sold everywhere. 25 cents a bottle. ' MARKETS BY TELEGRAPH APRIL 5, 1682. PRO DUCK. - WiuaxexoSr 5plriU turpentine firm, at 88c Bosln fir no ; strained S 1.921; good strained 81.97. Tar firm, at Sh75.;vCrude Turpentine firm, at t3Htof bard88.75 for yellow dip; 3.0O tlMtmiM-Pi-&Iiai Prtm white 83Bty.tr Bal.timobs Noon TlGfer BIve and very firm: Howard streel -and Western en per $8 50S4.76; extra 85.O038.OO;J.iamlly-86.25S7.26j Mills, super83.50aiH7fi; Mtra S5.00aj7.80; Bio Dranasi.uua j.zo. t wneat aoutnem mgn- er; western-iBaeave, ana easier; Bouwem na fti.RRftlW43i&Br tl.A5asi.50: No. 1 Man- land 81.46S$l7jo. 2 Western winter red spot, $1.87V05r:87."Com Southern higher; Westr ern irregular and -asler Southern wbtte 89; Southern yellow a. $f . r., baltoiore niignt oats, mgner; oouuieni oo- por 17.75 and clear rib shoulders 8t; nlanr rib nldAi 111b- ham a 1H1. Lard rennea 124- CoSee-lowjer; Bio eargoei Ordinary to air SnQ)9ik. Bugar-higher and strong: A oft 9. WhlskeT--teady,;rfli; . S l.I9ffi$1.2b. Freights easier. ' v CTHOTHMiTi-Flour, steady and uhcnBBgwfainlly $5.806.00; fancy 0.5Offi$7.O. Wheat jSeav: No. red winter 1.80a$l.82. Corn- strong and higher; No. 2 mixed, 8182 if or cash; 78 for April, Oats strong and lAii ed, 51a53.ork--firm, at 9l8Xqmi8.26. tord-lngoodlemandatlLl5. Bulkmea-. active. Arm and htgherr shoulders 7; ribs 8. Whiskey firm, at 1.17; eomblnaUonj sales f Snlshad good 600 barrelson. a basia .of SLIT. SuMarrrtoni hards 9a!0; Kew Orleansma Hogs dnll amOower? common anu light 5?25aTee; najsktng and butchers 86.40&S7.40. Nkw Yoei. Southfiro gouTjArm and very quiet j coarnon to fair extraiafi.2fiffiS8.T0; BOod- to cholosxtea, 0.7Bg8,2& ,IWMatopened, 1 higher, but subseaue&tlr . lost. tb advance, S clined l2c, and closina ftrm. at a shade over the inside sales; No. a Spring, $185; ungraded red 1.10a$1.42Vi; No 2 red, j April $1.4HA- 81.48; May Sl.41UOSl.42tt. iCorn-openeoL w higher, but subsequently beowna weaker, lost the . jaavanoe ana oiosmg wita more streBjnn; coodirennlns , wf fw Monea nigner art .iMMbt Mpissaes in fan dsmaiu rm;D damand and at l prices. ; Klce steadily held and; ialr inquiry. noaui arm, at V&-Zy$aiS-t'fr- xurpenune held decidedly higher and unsettled, and quoted at 6&?:irocl-Hk?euaingt Domestioyfleees; 84048; ysxal Jl4fi0v-Potf--oldai.82tt81A75: new f IJ.50jfMMsyold 817.00; new April 817.45 817.60',May. 81702iSi7.55. Middies-quiet .Mia. flrnv aad cr tees asmlfiallT unchaneed. Lard :Jffl,m andopenedo higher, afSl I.50O-. ii-.'iawrpru at su.45rx811.50. JTreigbtatQ 53ool arktattu.- Oottoa. ef sail M2dffi 88tl; per steam 5-82dVid. faeat, persteanq of uugraoeq ficA5B noi z, Apry aeuveryisv- o StrongTTio, 8. 615. :) Bopsi-dulLeak and up. changed; Tearlinmf 12020. 'Tooffee-duttj aid, trices somewhat nominal: RW saffl 18, Sugar mmME ATTENTION n a a: FOR THE tftTir ltu?abrkbrac and complete. We keep the best braces a full line ot Goods of ail eradaa. igjUniiiaall totafl HafcaaUBAaallaft thamivao m JF5 Galveston Stead j : middl middling HSfecs Kw JnO- aaw, .w. jjint not recelDUi ago.-nos;-r-ri sales add: tet in r.y?. ex h nnna Mwonn Hd va oonttoffll'rr-j-; t u Ffajice. rr ; to channel 'NOBTOtt DiilU wtaditng' ;'n 1 i'i Qui set wcti 8,000j gross ; rtoeu 8,37H; exports coaat wl i-; salM:l,250. experts to Great' Britain : to continent ,..,.,.,,5 ; ., BAtTljroBB-MJulet: awddilBff iaUei low mid dling 11:; jgoodordinariilOc; net receipts 61; gross Hi sales t72; stoca -85,6081 expons aeostwls ; splatters exports to Great Britain to continent 1 Bosei--8teaiy;jiwaitog l$Ut low middling llfaU .irood. urdlaain:4r c rBoelpts H62; Sos 1.176. sales , stock 9680:. export to reat Britain to Trance . WiLMiifGTOK Steady 'i'iniddllhg llc;low oiid Iltitr il 8-lt)c; good ordinary 10 5 18c; reeelp s 168; gross ; sales ; stock 5.487; exports coastwise - ; to Great Britain ; to continent -.' ' pmiiiDKLraii Steady; middling 12C; low middling Ulffood ordinary 10ci net receipts lrf)98 gross 1,827;. sales ; spinners : stock 1.629; exports Great Britain 5)5; to continent Satakmah Quieti middling llc; low mld dllog" llic; good ordinary 10c; net receipts 1,031; gross : sales. 950; stock 47.422; exports coastwise 671; to Great Britain ; to France i to continent -. Nrw OBiiKASS Steady; middling 1 2c; torn mid dung llljfec; good ordinary lll&c; net receipts 1,588; gross 1,614: sales. 8,500; stock 240.735; exports to Great Britain - : to' France 4.674; eoasfwlsa' 1,589; to continent ; to chan nel ' . Mobhjb- Quletj middling llc; low middling HVh9; good ordinary 10c; net receipts 61; gross ; sales 250; stock 23,892: exports coast 61 If France ; to Great Britain ; to continent . Memphis Quiet ; middling 1 le; low mid dling llc; good ordinary lowc; net receipts 307; gross ; shipments 1,072; sales 400; stock 55,744. Au&DOTA Quiet; middling low mu- dllng lie; good ordlnarv 10V; receUt 197; shipments ; sales 845. Charleston Steady; middling ll&c; low mid dling llc; good ordinary llVfec; net receipts 416; gross ; sales 500; stock 26 274: exports ooastwlse . : to Great Britain if,410; to continent ; to France ; to'chan- nelfc , NiwTobk- Du;i; sales 804; middling uplands 12 l-16c; middling Orleans 12 5-1 6c : consoli dated net receipts 7,109: exports to Great Britain 4,405; to France 6,674; to continent ; to channel Lmkpuoli Noon Moderate inquiry freely sup plied; middling uplands 6E&d; middling Orleans 6 18-16U; sales 10,000; speculation and exports 1,000; receipts 6,800; American 5,900. Uplands low middling clause: April delivery 6 89 64dQ) 6 38-64d; April and May 6 39-644 6 38 64d ; Kay and June 643-64dS6 42-64dfflB 43-64d; June and July 647-64d; July and Aogu3t 6 52-64d; August and September 6 51-64d; September and October 6 47-64d. Futures steady. UrUBES. Nkw York Net receipts 1,344; gross 2 680. Futures closed dull, but steady; sales 73,000 bales. April 1203.00 May l-4.lia.12 June. 12.27a.28 July " 12 41S.42 August 12 5401.00 September 12. 15a. 17 October U.ROa.52 November 11833 34 December. . 1185a 36 January 12.46S.47 February.... Harsn FINANCIAL. Nsw. Yosk Exchange Governments generally higher New 5's, Four and a half per cents, Fnr per cents, Money State bonds inacUve 8ub-treasury balances Gold.. " " Currency,... Stocks Fairly firm: Alabama Class A, 2 to 5 Alal lama Class A, small : r - Aial ama Class B, 5's Alabama Class C, 4's. Cb)vigo and Northwestern ChLago and Northwestern preferred, Krl- 4S8V4 1.02 1.158 van S90.R97 8,960 81U 81 98 84 1.28 36 Bast Tennessee Georgia. Illn ols central. Lak- Shore Louisville and Nashville M H . phis and Charleston Nasi lll aad Chattanooga New York Central Piusjurg Rich mood and AUegheny Richmond and Danville Rock Island Bonih Carolina Brown Consols, Wabash, St. Louis ft Famine. Wabash. St. Louis & Pacific preferr'd Western Union CITY COTTON MARKET. l.Oo 1.3rt 1.18 56 64 1 32 137 1.30ft 102 J4 58 87 Office of. The Observer. ( CHARLOTTE, April 6. 1882. 1 The market yesterday closed quiet at the fol lowing Quotations: Oood Middling. TX Strictly middling, 11 Middling. WVi Strict low middling; 11 LowmiddllnK ... K'i Tinges. .-.. v. 910Ms Storm cotton 5K8t Sales yesterday 78 bales. 2! cur (Ttrertisetucuts, FOR RENT. "VTICE four room Cottage, conveniently arranged Apply to C. W. FDDINS, aprO At Postofflce. Something Nice aifl BeautM TTAND-PAINTED KASTEB EGG 3, In Nests, at JJL PKKliX'8. apr6.lt A CARD. THE"PH0Efi!X,"U0ND0N, Establishf d 1782, j Assets Over Five Million Dollars, BA3 BEEN ADDED TO MY AGENCY, Making the total assets now represented TWENTY The par value of the stock of the "Phoenix" is one hundred aoiiars per snare; tne latest saies were nineteen hundred and seventy-five dollars, or nearlv twentv times the nar. Hiiouidlnot nave time to visit you in person dally and bore you a little you know mr neaa fluarters, call in. C. N O. BUTT. - apr6 thuAsun General Mre Ins. Aeent -SPRING OPENING- -or TgE ISEW MILLINERY STORE Traf e Streeet, 2 doers East ef the Court Rouse. The Ladles of Charlotte aTe esDeeiallv in vited to attend our SPRINrt OPENING of MIL- UNEBY and FANCY OOODS, which begins - TODAY,--- LiiWrpflei ; th legt Selected Goods, and the Most AseBuuioi ispiay ever mace id unarioue. we nave last speurtd' the services of an EX -IIKEB, whose equal Has tutor been PEKT MIL en cfiiELbtfi: spr8 ?tis Imery Fancy Goods -CgtiuB SIOCK OF- R k kit- . il SPRING AND SUMMER Goods i looda mndA n11 mil thorn ntVlia '- -'V and STSion. r.Hhi7 SCS kT."" !XJgL2V- MttMaetloa to all oiircha crfthi imih A n .SnJr "D'"K is iff iiwi i WB HAVK STOPPED SELLING AT COST, BUT OFFKBOOD3 AT SUCH ASTONISHINGLY LOW PRICES That the Public cannot Perceive the Difference. A beautiful stock of SPRING JUST RECEIVED. MB, an3 Statesville, IsT. C, OFFER THg. -LARGEST STOCK-: GENERAL M IHT THE ON THE MOST FVOKABLE TERITIS AND IN COMPETITION Willi ANY JOBBERS IN TUB COUNTRY. TIIE1T VILi BE GLAD TO UlTOTE PRICES TO THE TRADE. marl 8 ly SP RI NG IS NOW COMPLETE. Wholesale Retail Buyers Invited to Examine it Before Making their Purchases. HANDSOME STOCK. OF Mew Carpets, il Cloths logs. HOUSE PtJEHISHIHG GOODS A SPECIALTY, The Largest and Cheapest Stock of Embroideries in the City, CATiTi 3D 022X2 TECEM. EJL.IS &d COHEN. marl 5 lm FOR RENT. ' BY the year, the store room near the court ho se; or would let the same by the day, wtek, or month, for auction or similar purposes. Also, by the year, a four room Cottage. apr5 B. BAUKINGEB. FOR SALE. THE best residence on Church street, within two minutes walk of the Public Square. Also one-half interest in two Brick Cottages on Mint Street, and one JJorse, Buggy and Harness. Apply to maray u A, H. CBE9WSLL. TO RENT. TWO front rooms on second floor over Traders' National Banks. Also, a four room cottage on Ninth street, handsome grove, with kitchen and good garden. Apply to apra lw A. B. T3AYTD80N. lkZ 2 Safe f,s V4 DlSCOVERYl LOST MANHOOD RESTORED. A.viotim of youtliful Irnprndepce' causing Presov tnre Dccy, Kervbas DebiUtr, Lot'ltTrihfo5, etc;, havlnfj tried in Tain every known remedy, has d3s oovrrrd Fimpls s -lf enre, wbich be v-: r.-: 'rJ'TE to Mt ' teM"it"i4 J . i. LZI.XX ' . IVative Mineral Water!! ItOCKBRIDGE (VI.) jft: '3b TJ M W jQl T: U Dyspepsia, Indigtitn, Torpid Liyerr Chionlc Elan boei and Dysentery, f kin Dfseasf sv j, t Scrofula, Cnonlc Pneumonia, etc It la a powerful AlteratiTe Tonic and U 1NTI MALAblAL In Its effects. Bead certificates from eminent phjsiclans in our pamphlets, ' iyO AnTipcrAI,, CJ ASE OR SALTS 4 . iottled In 1 natural state, dlract: from the bridge county, Va, and are open for the reception of visitor from June. 1st to October 1st, each jear; capacity, l.OOQguestv For sale, wholesale and retail, .by Dr. J, ILMo ADEN end Dr. T. C. SMITH, ChVlotte. N.C. ; . maria ly - i IHIOIEi! TRADE, yu w me wants or Dottt Uie cite and oountrr ,7 .i: GOODS ' lre Street, BURGESS NICHOLS, ALL XINBt r FURNITURE. BEDDING, &C. A FULL LOBW Cheap Bfdstfsds, AKBLOUXSH, Pfirl AT & fihsmns KnUa ( . . " j OOmRSOVAU.1 VVTxllHSItlR, X. BROTHER ERCHANDISE ST WHEELER'S COMPOUND ELIXIB, Phosphates and Callsaya. A chemical food and tonic. B. H. JORDAN & CO. EPPS'S COCOA. IMPKBIAL GB1NUM, Lleblgs Extract Meat and . Murdpck's Food, Jos received. B. EL J0BD1N $ pO. ENGLISH TOOTH and HAIB BBU3HX3. Flesh Brushes and Oloves. a H. JORDAN 4 CO. A METAL HAIB BBU3H for 25 cents. B. H. JOBDAN & CO.. Druggist. HE NO, RA JA'H, YOUNG HYSON, IMPERIAL and GUN POW DER TEA, ust received. B H JORDAN & CO. ' BERTRAID'S PUBS OLiyX OIL. Select Fpioesand Flavor i g Jf xtraets, for sale by . . , a a. Jordan & cu. WE HAVE rpme PUBKr BBANDIK3 kai VINJtS for -a. jueoicuisj use. i. fci .."i. . mai2 - -J i -.Tryou Street. 00K CHANGES BUSINESS ALL peiwslmJehl ti nsiwift 'ltlease n ske settlemjent at ones, as we Intend; for the pres ent, to discontinue our meat market and engage in another line of business. :k,-.u .:it.:-,: ttMPMtfnB)U api2 tf 0. W. & J. J. ADAMS.
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
April 6, 1882, edition 1
2
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