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ATTOMMCYM. dama A Oliseoa. M Main. uMtslra. layn.e, htouklua A ll-rt. 1? '''" . U all, pooh m ui av.., a.. -Building, 8) Madiaon. A.B. LevrACf..!U7r;e.ind. , .. T, V' T...- ...In ft DryGooJa.Cleth- Ibi.' boots, UaU.elc. Sie Meiu. BAH MB. . . v. t. ri i. B. Inil . mf. JarTflraan .-Vt. H.L.Tubsy. .'rest.. B. C. Kirk. Cashier. , ...., Medicated Vapour Hatha. 69 Adams. BOOK NTOItt:). C. F. fhembeilin Co., 1W Main, Job print- b.roaVc'o.,Vte'B'etook ACo.',Stt Main. , ' IIOOTM A!sl KHOt. William Miliar. JIM Main. W. II. Kenn' dr k Co., !W Main. Marsh, Warnrr A Co , Heel. , 1 HOA Ill. . 'Mrs. J. 0. Owen Sitft'ecoad. 1IRH K IsKALKRes. - a r Rati.. niHna.KHnaooi.d: tarda, Chelsea Lad Over on trac. LxOTIIIXU AKI UT.TH' rl'HNISJll U'.uir,.rl A i'a . Main. Sprouts A MoCown.fcil Main, under Wor ikain House. , , COAL PKALKKM. . , , l C. T. Peterson. U Madison. -OAI, Oil., a. AM PS AND NO A I'M. 0. 1, Prescott Co., Jellereoa. 0!rCTIOXEBN. podesta A Ceiassa, til Main, eor N. Court. August Berum. Poplar and Fourth. . , i COnmiNNION MKRCHAXTN. vl'. u Vauiman. Produce. Flour. Canned Itfoods! Tobaeen. eto.. 11 M' nroe nxsT ... ii l I. i. At laa A hirtiaori, ronara m i-ruu.. ni.lr. rvmrnn A Co.. 246 Front. Produce. r. AIHUTKItlltV. Dr. J. B. Russell's, 40 and 42 North Court. IH-XTIHT. I Dr. J- C. Harris. 217 He. oud. IMsTfas WAMIINU MACHINES. . W heeler, Pics ens A Co., m Main. DIU'UUISTN. II C Pteever, onrner Second and MadUon. W. P. Gray. Adams. Morrison A Ellis. lWi Mem. Robert Battler, M Main. J B. Wwon. also l entut, 31S Main. Jos. Welter. 103 Boa!. Theo. Iloerner. also Chemist, 56 BeaU IRT OOI4. Southern Palace-Howell. Wood A Co., 332 Min. .. . Walls A Cell, l7 Main. FORTUNE TELLER. Mtiltm Anna. 6U Hayoso. ri'RNITIJBE AXD CARPET!. Ami. Heattia m Jones. SM Main, Uayoso hllock. John K.Lytle Co., 143 Poplar. . Tl L fl. 1UO tr,.laf. 1ROC-ERM AND COTTON FACTOR. Toof, Phi Dip V0 r rot"- wuui. M. T Garvin C.i.. 22rt and 318 Second. 1IAIR-DRENNIN SALOONS. at- I.fTarann P. Infflffnlfl. proprietor: Joseph Mpari. Foreman. 11, (4. xtampe. uvenon ui. HARDWARE. Alllmn Brother, 270 J ront. Onri'l Broil. 4 Co., 812 Front. II. Wetter A Co., 13 and 15 Monroe. MoComb A Co.. .122i nd 324 Main. HATTER. t a. W . rl,inni,h1fl Hattflra. 'urriera and leader of faihion, 3" Mam. HIDEN AND IKATllBlfc Pbiller A Co., Adann, bet. Front and Water. Bchleiber A Co., alo Shoe Fmdinti, 7 Adami 1IOTEU. flommerciai. Jefleraon.oor. Front i M. Allen, F !rwi notel.! Adami : Hardwlok. Haigbt Iv: Pattereon Pro'ra. ICE CREA1W AND SODA WATI-.K. L. Rocoo, 313 Mnin. eor. Monroe, fit T.ania Mutual Idle. MoMahon A OtU, 43 ''llcrnando Ina. Co.. 19 Madison ! Ben. May. Sooretary 8. 11. William-on. l'repidfnt. North Weatern mutual Line, J. o. v,ui.u, itat.Ant.MCnlo Ud Marine,' 27S Main, upataira. . Voore weal, rtK'nn yr.m una, wiu., llS.nend8ta'.4V, Madiaon. p. ...lint. I. if. Tna. Co.. 210 Main; M. J. VioVa, Pre a't : W. V. Boyle, Sec'y. Vrfedenhurun a rjyivior, '". Lon.dale.Seo, W. M. Fnrr.neton. r i t. 1'eople'e Insurance Company. IB Madiaoo. Bn..J A rrnentar. anenta Conn. Mutual Life, 4" Madison. JICTICKN nr the rt-ui. Michael Foley, li4 Main, up itaira. Walter Ptanlfy, Nvy Yard. , Patrick Sherry, 5 Adann. up ataira. I.IO.I OR DEALERS. 0 A. Bi-kfrly, alao Grocer, 341 Front. LI MBER, DOORS, SASH, ETC. B. K. Plain A Co., 304 Second. . LIVERY STABLES. .1. A. Forrest, 42 Aduma. Joe Seliirman, 68 1'ni' n, corner Third. C II Brackett A Co.. H-'l and 323 Second. ' MEATS AND VEGETABLES, ea Jefferson st, rnarket the best of all kinds. MILLINERY WOODS. Vance A Co., wholesale, '.til Main. MEMPHIS STEAM DYF.IN. B. A. Bollenber A Co., 212 Beul and 260 Sew MERCHANT TAILORS. W.M.Loeb. 44 Union Murrav A Kidaely, 31 Madiaon. MISIC, MISICAL MERCHANDISE. r, hataenoacn, nil inui. PAINTERS, IIOVNE AND SMJN. Hook A LaUriil, Xi Union. ' PHYSICIANS. B.F. Bateman, M.l- I'.W Main, upatairt. Dr. W. T. Bailey ( office 151 Main ; residence n Chelsea. PIANOS AND ORGANS. . Leopold Goepel, renC Knabe'a, 3i5 Main. F. Katienbach, 317 Main. PICTCRE GALLERIES. T. Day, a:i8Mriin,upBiairs. i. v n. Km M, . in. Clurk'a Marble Bl k. PHTVRE FRAME MAN I' FACTORY. I. KalietiDacn, .111 main. SEED STORE. B. G. CraiR A Co.. 3" Main. SEWING MACHINES. . Pinircr Manufacturing Oouipaoy, 2.75 Mam. Orover A Baker's, II Ma n. Star Shuttle Company. 2(U Second. it' I 1 tr ITiLnn', l.iwhflt timmiUDl LOCK- .Stitch Sewing Maehinea, 256 5econd. TEMPERANCE, department Heputy, tfona of Temperance, T. U. Cocke, iiV'A Mam. . . TOBACCONISTS. VJ. mAm TtllrrM J (?0.. wholoaale CODl mi.sion Merchants, F ""' Thurmona, rosier , nwunw, FN DEBT A HERS. Flaherty A Wa'sh. H17 Second. WALL PAPER. ETC. Marcua Jones, Second. J. Giirehahar, 376 Main. M ATCHES AND JEWELRY. Pooiy, Barnum Co., cor. Main and Court. II. Peehausen, 245 Second. WOOD AND WILLOW WARE. WWer. Victene Co.. Miin. MEDICAL. DEAFNESS, CATARRH, CONSUMPTION, Cancer Cured! ATREATIPB ON WAi." tairb. Coesamption , !,,"" .eea. m. ol ,,r. y ra..e., : are. nr a ' " ' ,i , i.e. Peris. Sent to any add.emor 1 eente. Letter froia Hob-. NeM ardy. D D.. LU. i Urano rreieie oi i,rn,i r.n",i "'". w w and Kditorf the V- Ml 1 o. repiewoer ii, irt !. . i " - raa la charge of t.reee 'hrrh Ileepiul. Al ledria. a., dorine the r I fresnenily, al sost daily. fr montha. Tisited la I Hesrita. iad hid eiery eneena of kaowine re rata - i. . ...I..,.rf ttsit hill. It waa of the t-eredilar.leeber-lT. aad kia peeiean M the IreaUBeat of fatienU m ret. arkehle. UKOANIO VIllKATf)!.' t. a.. tV. .r of crertw,'ta p mm ae. i" i e". arj er.ble i.cl ummu aear ain--'7 . ,, . .,h!,e aeenhliev Tkia ia,tmee will ,!. .r.r lt lm i.eaile, awd )41 . atoat mm ef K.ac ataadia " " ' ,ti ia a at or: :.a.c It c- a ;" .kttf eperterlea. ' 1 r Miiwrll win ke f.r' a .a'Ty at aTaet l..hinK.e "le. nieereuy t;uild e, . I' dnr. 1 eaet t loaedar. II heal aiereoaia, i --. " n. lev T aj8MtaJyjWfiie XJj WbUmore A Co. VOL. VI. PUBLIC LEDGER. ITCET AFTERNOON. EXCEPT BUMD AY, ir E. WIIH'XORE ASI F. A. TYLER. Under the tra name ef WHITMQRK Ac CO., 2 i Mo. IS MdUoo BUttt, . The Pont.io tioagi la .erred to City euhserl ber. by faithful earri..r. at FIFTKKN CKNIS per week , ayableweklytothe camera. By nail (in advance)! One jrear, $8: lit month., $4 1 three months, $2 1 one month, 75 eenta. Nowadoalera anpplled at 2Xentf per copy. Cemmunicatione upon aubieeta of general in tereat to the public are at all times acceptable. Kei acted maonscripta wii.t. mot be returned. RATES OF ADVERTISING : Flrat IneertiB......-....-.l 00 per aquare Pubsequent Insertions....- 50 " For One Week.... I 00 " " For Two Weeka . 4 50 " . " . For Three Week. 6 0 " " For Ona Month...-....- 7 56 Eight line, of Nonpareil, olld, constitute a quart. Displayed advertisements will be charged ao eording to theaPAtie occupied, at above ra tea there being twelve line, of solid type to the Inoh. Notloee In local column Inserted for twenty oenta per line for eaeh Insertion. Special Notice, inserted for ten eentg per line for each Insertion. Te regular advertisers we offer superior In ducements, both as to rate ef ohargei and man ner of diaplaying their favors. Advertisements published at Interval, will be charged On Hollar per iquare for eaeh inser tion, - All bills for advertising are due when con tracted and payable on demand. VA11 letter., whether open bualnea. or otherwise, trust be addressed to WHITMOHB CCM ' Publisher and Proprietors. TENNESSEE FINANCES. The Governor, President of the Hank of Tennessee and Treasurer vs. the Secretary of State and Controller, The Dissolution of the Board of Finance. In order to a fuller understanding of the finances of the 8tte, we below con dense the recent action of the Board ef WlnnnnA a hnrlv Antahliahed bv the last Legislature, to devise means to defray the interest on tne state maeDieaness. xi consists of the Governor, Secretary of State, Controller, Treasurer and . Presi dent of the State Bank. The latter, Samuel Watson, Esq , at a meeting on the 15th insL, offered the fol lowing resolutions: ' n. n rranlnnl. That it ia to the inter est of the State to purchase immediately one million dollars ot its Donas, 10 oe paid for by the issuance of gold-bearing bonds, at a rate of interest not exceeding seven per cent., provided the purchase can be made at sueh a price as will cer tainly reduce the debt of the State. Resolved, In order to relieve the pres ent pressure ppon the treasury to meet the wants of common schools, it is the interest of the State to sell an amount of gold bearing bonds sufficient to pay the balance now owing the Fourth National Bank of New York, and sufficient to pay the amount of interest maturing in July next, that the railroads may beunBble to pay; provided that such bonds can be negotiated at. par, at a rate of interest not exceeding that authorized by the act creating the Board of Finance. , As a substitute, Secretary Fletcher, at a meeting on Monday submitted the following: , ' : ' . ' Ordered by the Board, That the Con troller be authorized aud required to bor row as much money as, in his judgment, may be necessary to pay the Jaly interest on the State debt, and the debt owing to the Fourth National Bank of New York; and that to enable him to do so, he may contract for the delivery of the bonds of tbe State bearing such rale of interest in gold or currency as will command a par price. Controller Blackburn ofTored the fol lowing in lieu of both : Ordered by the Board, That the Presi dent of tbe Board be, and be is hereby authorized and directed to call on the Oovernorof the State to issue a sufficient number of seven per cent coupon bonds of tbe State for one thousand dollars each, dated July 1st, 18C8, and to fall due Janu iry 1st, 1900, interest payable semi annually in New York both principal and interest payable in gold to supply ibe deficit due on tbe July interest, 1868, and for no other purpose, after paying on said interest account every dollar that is collected from the railroads, and every dollar that can be luroished from tbe revenue of the State; provided that said bonds can be sold for currency at par; provided further, that tb laid President be required to report to this Board the terms and manner of sale, before said bonds are delivered. They were severally discussed, and tbe schemes presented by Messrs. Fletcher and Blackburn were each rrjeoted by a tie vole. That of the President of the State Bank, Mr- Watson, was adopted, the Governor and Treasurer concurring inbia views. Thereupon Messrs. Fletcher and Blackburn filed a protest against this action, and resigned their seats as mem bers of the Board. MB. TXXTCHKB's ARGCIIEir. The objectioBi of the Secretary of State and Controller to tb plan adopted are set forth in aa argument submitted by th former, oi which tb following is the gist and substance: Tb preamble of Mr. Watson's propo sition regies that we have aa oppor tunity torrow money lo buy two mil lions of our bonds, and tb member who introduce it telle as that his amog menis are already mad, tb money ready, aad that bar only to tele graph to our friends ia New Yerk to close tb transaction by agreeing to de liver th gold bonds hereafter- Tb rceolutiea oaly proposes to bay n anil lio aow, from which I infer it Is in tended U take tbe bail at tws bites- Tb geatlemaa ha also produced to lb members of th Board a amber of In ters from heavy bondholders ia New York, argirf the adoptioo of lb policy of selling fold bonds, and haying ia oar en per eeat- currency bonds, ' T-h priacirel ctjeet aimed at ia aH Ueae letters Bod argemeaU is tipresaty taMkanc oar hoBda ia 'tta market. On ot these ( eot!ema owa a muhoa of our bonds, aad it is likely, together, triuiafi7itjea MEMPHIS. TENNESSEE. TUESDAY EVENING. MAY 26. 1868. they have th whole two million to tell on th rise proposed. A copy of th Uw under which we propose to do Ibis strange thing, was sent to tbes gentle men while it was pending, and moulded by them to suit their purposes. Thus we are suffering Wall street not only to con trol our credit, but to make our law, ivnough has already been slated to ex cit suspicion that this is simply a bull movement, and when we shall have demonstrated that no pusaible benefit is to result to the State Irora it, we shall pass from suspicion to assurance. It is assertsd in th preamble, and acaluola tion is adroitly made to show lhat the State will save three hundred thousand dollars on each million of our bouds purchased. This trick of figures is mad in this way: Issue 1700,000 of seven percent, gold bonds, sell them at par, aad buy one million of oux six per cent bonds at seventy cents on tb dollar; tl.ao w shall owa $300,000 less by the operation. Only an old woman or a young child can be deceived by this trick of the slat. It is th intoiest on our bonds which moat oppress us. Th interest on th 11,000,000, in currency bonds, at six per cent., is $CO,000. The interest on the $700,000 in gold, at seven per cent., is $111,000, which, at $1 40, (the averages coat of gold forayear past,) amounts to $08,600. Loss of interest to the Slate per million, $8600. 1 But it is said w are to pay the princi pal at the end of five years, at which time we will save the $300,000. Let us see how this will be. Each year we will have lost in interest $600, which, in five years, will amount to $43,000. We must then bny the $700,000 in gold, which will cost us $980,000 gaining in tb principal, $20,000- Net loss per mil lion, $13,000. To this must be added tbe cost of executing and selling tbe new bonds, fees of brokers' agents, etc-, several thousand more. Thus passes away this $300,000 bubble.' Besides it is not likely we will be able to pay any por tion of the principal v( our Slate debt in five, or even ten years, except through the . sinking fund. This, however, will depend upon the management of aur railroads. Nearly six-sevenths of our whole debt was contracted by loaning our bonds to these reads, or indorsing theirs, and tbey are bound for both principal and interest Ii' the present manage ment is continued the prospect is indeed gloomy, but we hope the Legislature will soon sell or lease them, and relieve the tax-payers. Certain it is, we must look to these roads, and not to gold bonds or stock speculations, for the means of pay - It is difficult to see how the sale of gold bonds and the buying ot currency bonds is to enhance the State credit If we would keep the issuance of the gold bonds a secret, and make Wall street believe we are flush with funds, we might succeed; but, unfortunately, the operator there understand our finances better than they are understood by this Board. One million of our bonds matured a few days ago. We havelnottfied the world that we cannot pay them, and that the holder must take a new bond and wait thirty years longer. It is likely when our agent calls on a New York bondholderwith $700 to buy one of our lately issued bondB, he will meet with an over-due bond, upnn which the holder would like to have $1000. It ia insisted, however, that gold will go down in less than five years, so as to be as easily obtained as currency. On tbe other hand, gold may go up to 200, and, in view of the present political situ ation, the one is as likely as the other And thia brines us to a feature of the proposed scheme which is distasteful, if not dishonoring, to every lennessecan. By going into the market on borrowed capital to buy our bonds for gain, tbe State becomes a stock jobber in its own funds. Other States aad the General Government may have bought in their bonds at par, or at a premium, or may have exchanged securities of a different oharacter, but for a proud State to offer to buy its bonds at two-thirds of their value is unheard of. If it be creditable to grab this million while our bonds are at 65 cents, why not sell out when we have got the price up ? , Why not refuse to pay the July inter est and put the bonds down before we buy ? Why not. let us bear as well as bull the market? . If we continue to tax our people to their ntmost capacity, ns we aro now doing, and pay as far and as fuBt as we can, it will do more to enhance our credit than borrowing money at ruinous rates of interest and selling gold-bonds to get up a speculation in our currency bonds Let the Legislature, when it assembles this fall, lay hands upon such railroads as fail to pay their interest and dispose of them by sale, lease, or in any other way that will relieve the treasury. By that time our receivers will probably be rich enough to take care of themselves, and stockholders must meet their fate- MR WATSOM'S AK8WK". Mr. Watson ably defends his plan Tn reply to a communication in the Prett and Times of the 16tb iost , over the sig nature of "Tax-Payer " W are unable to present it entire, but the extracts given below ar sufficient to explain it : Tbe best reply I can give to thes mis representations and nnlounded insinua tions of " Tax Payer " will be a plain and clear statement of facts. Tbe indebtedness of the State on the bond issued by it to railroads and for other purposes is about thirty-three mil lion of dollars- Tbe semi annual in terest on this debt is very nearly on million of dollars. Most of this interest is due from railroads, but owing to the disasters of th war, which have not been fully repaired, aad owing to the incomplete condition of many of them, they will fall short of paying their semi annaal interest from four to five hun dred thousand dollars, and th Stat has to mak provision for this amount The last Legislature passed a new revenue bill, which, wbea ia operation, will fully meet th deficiencies of railroads in pay ing their interest, hut the reveaue from this bill will BOt eom into th treasury before th latter part of this year, con sequently th Stat will hav to raise about half a million of djljars to meet iu July interest. I rder t accomplish thi there ar hot three cooreee to per.ua Oa is to acknowledge onr Inability to pay, and golfer our debt to b repud atel But this coare will certainly not hav any serious advocate. Aaolbef eoure is to borrow money spoa the pledge of six perceat boads. Itis well know thai to borrow mosey poa oar six per cent bond will require pledge ,f beads double ia snosalot the eons borrowed- To borrow five hun dred thousand dollar would require a y yA- ', J Z ' W LAUUEHT CITT CIUCTXATIOX. pledge (a collateral) of on milliou of dollars of our six per cent bonds. If ther should b vary (ever pressure in th money market at lh time the loan foil due, th State might be compelled to sacrifice th whole million of dollar of bonds to pay ita loan of five hundred thousand dollar. It is also well known that this loan could not ba paid out of lb revenue of the State lor 1868 or 1869, and probably not Out of the revenue ef 1870. The Stale would then have lo be in the mar ket for nearly three years, borrowing money from hand to moulh, to meet its present July interest To borrow money upon a pledge of bonds may be justified when th bor rower knows that he will hav tb mean topayth loan at maturity. But for great State to hawk ita bonds about in Ibe money market of the world, from day to day, .for at least two years, is wholly unheard of, is disgraceful to tb Slate, is exceedingly hazardous, and utterly ruinous to it credit The only other course then to pursue! for the State to obtain a permanent loan lo meet the deficiency of railroads in July next To accomplish this I have proposed that the Slate issue gold bearing bonds, having twenty or thirty years to run and redeemable in five year at an in terest of not over seven per cent, and that it also go into the market aad buy up at least one million dollar of its six per cent-bonds, that being tbe amount that fell due on tbe 7th of May last ; and I am also in favor of buying up all the bonds of the State that will fall due in 186S, 1869 and 1870, which is about $1,951,250, provided tbe bonds can be bought at a profit to tbe Sta'e. Tbe purchase money to be paid by th issuance and sale of seven per cent gold bonds at par. If the bonds should be bought at their present market price, which is less than sixty seven cent on the dollar, tbe million of dollars would cost the Slate $670,000. Tbe $670,000 would have to be paid by the issuance of that amount of seven per cent, gold bearing bonds. The operation would, in effect, be this, that the Stat would exchange a million of its six per cent bond lor $670,000 of its gold bear ing seven per cent bonds, which would be a clear and certain saving in th prin cipal of her debt of $330,000, and there would also be a saving in annual inte- "Tb seven percent, in geld would now be over that in currency, but of course when gold and onrrenoy have tbe same value, the interest would only be seven per cent in currency. Take the period of twenty or thirty years, the time which the bonds would have to run, and no one can believe that the average rate of in terest on such bonds in currency would be for that period of time as much as eight per cent., but put it at eight per cent the annual interest then on the f.ri nna nM V.nt. would ha $53,600. fUIU,UUU f v . , The annual interest on the million of six per cent bonds Dougnt up wouia oe $60,000, so that there would be an annual saving in interest of $6400, besides a saving in principal of $330,000. i e e e , Nothing is more common than for gov ernments to buy up their own bonds. The United State bought up it bonds before the war, and is almost every day in market buying up its 7-30 bonds. The State of Tennessee has also been a constant purchaser of its bonds, very muck I presume to the surprise of " Tax Payer." If he will look at article three, section 1108 of the Code, be will find that the railroad are required to pay two per cent- per annum on the amount of bonds issued to them, and that this two per cent is to be invested in State bonds, and that the Governor, Secretary of State and President of the Bank of Tennessee are created a Board of Com missioners, with express direction to buy the bonds of the Stale. If this policy of buying the bonds of the State is fraught with so much dis honor, why has not "Tax-Payer, and especially why hnve not our legislators, who are the guardisus 'of the honor of the Stale, removed this blot long since t The buying of State bonds is universally recognized bs a proper and honorable policy, and why should not the Board of Finance carry out the policy so loog recognized by our own State as proper nnd honorable, especially when by doing so it. can save hundreds of thousands ot dollars lo tho State and most materially advance its credit It certainly has tho power lo purchase the bonds fulling due the next three years or an amount equiv alent to it, for the act creating the Board of Finance expressly enacts that tbe Board may " provide for the payment of so much public debt as may require pay ment within three years " Tbe mere conviction lhat this finan cial policy would be carried out caused an immediate advance in our bonds, and during the severest money pressure they have had in New York for years our bonds went steadily and firmly np to sixty-nine and a half cent. Had this financial policy been immediately adopted and energetically carried out, we would have been able to have bought up, ere this, every dollar of the million ot dollar of bonds that fell du tbe 7ih of this month, and we would have been able to have had it advertised in the New York paper a early as the 1st of May, by th Fonrth National Bank, that our July interest would be paid, and the re sult would certainly have been that our bonds would now b upward of seventy five instead of ixty-six or sixty-seven cents, and with our bond at seventy five cents and advancing we would hav been enabled to negotiate our gold-bear iogsis per cent bonds at par. But the financial policy advocated was not adopted, and th moment tht be came known ia New York our bonds reacted and went dawn a low as sixty four and three quarter cent, and at this time, in the midrt almost of a supera j i . ia Kw York, they UUUU.Ilk, V. .... - j - - - only command about sixty-ix cents. Cerrapt Isflaeaees. Th Selma Times and Messenger call attention to fact, M illutxativ of th impeachment trial, which ear reader will remember to hav read of lately, a it occurred btweea Jedga Bellamy Storer, of Ciacinaali, and a merchant of that citv. Tb merchant having a case pending befor In judg wrote his a letter, ia which he discussed tb merits ia controversy, bat without making aay imrrocer sac ceslioas or overture. But so sensitive vti the judg to the propria ties of th oeoaaioa that a reed asa severe! censared th . letter ia epea court. Th result waa, that th mer chant, who was a tra gentlemen, was so wounded by the ' conscious ness that bo deserved the censur that lie left the court-house d commu ted sulciJn within an hour. Perhaps," juntly ssys the Messenger, " Jodge Sto ri'r' idea f propriety was loo nice, per hupi Mr. Hopkio's sensibility was too great, but they both erred oo the aide of virtue."- But, on the other band, see how it was in the trial of the President of the United States for a criminal offense, and when the indelicacy of outside interfer ence wa greater than in a civil suit for mere money damage. What could be more damaging to the reputation of the American people than to give counteu aoce to ch practices- We oopy the fol lowing commentary of oar eotemporary, as belter thaa oar own : There is now pending another case of r.. ....i.. :n,i,iinM in which a whole IM (lUBUil ,U.W,""-, people are interested, before court oi transcendent dignity, where, if any where, if under any ciroamstances, we would expect the judges to strain judi cial propriety to its utmost extent, and to enforce upon all outside parties tbe most scrupulous regard and reaped for their judicial position That case is the impeachment of the President of the United States, and the conrt is the High Court of Impeachment. We know that from the commence ments of that trial, even from before tbe organization of that tribunal, what effort have been made to intimidate or other wise control the judge. Two weeks before the organization of the court, distinguished member of the House de clared that conviction wa certain, for, said be, the Senator have already in their legislative cap.city passed upon the merits of the case, and they dare not acquit tbe President" let me see the recreant who dares to tread back upon hi teps and vole upon the other side ; point me out one who dare do it, and you show me one who dare to be re garded as infamous by posterity." Thi was the language of tbe accuser, of one of the parties to the case, to the judges who were to try it And if Stevens did not speak for the whole House, he spoke this in the presence of the Hons, and without rebuke. And these words, then and thus spokeo, indicated the pol icy which has been pursued from that day to this by the accusers of the Presi dent towards his judges. Party leaders have denounced infamy and dishonor against certain judges if they failed to convict; party newspapers have charged certain judges with corruption for daring to listen to argument and refusing to commit themselves in advance of the testimony; and members have been hunted down like wild beast by the ene mies of the President because it was in timated that they hesitated to return a verdict of guilty. Publio meetings have been held to instruct the judges in their duty; the mails have been flooded with letters intended to influence them in their decision; and the telegraph has been called into requisition to overawe men sworn to reBder equal and exact justice according to the law and the tes timony. ' , Take the following letter from the Radical Representatives from Missouri to Se n ator Henderson from the accuser to a judge. Waih0T0I(i d, 0 i May 12. Hon. J. B. Henderson, V. S. Benatei Sia: On a consultation of Radical members of the House of Representa tives from Missouri, in view of our posi tion on the impeachment article, we ask you to withhold your vote on any article upon which you caonot vote affirmative ly. Tbe request is made because we be lieve the safety of the loyal people of the United Slates demands the immediate removal of Andrew Johnson from the office of President of the United States. Reapsctfully, etc. Signed by Representative Anderson, Pile, Newcomb, Gravely, McClurg, Loan and Benjamin. , . . U. n.Hio, In ilia np.se. in writing ask UVID J' 1. 1 ... J vw -- , -- a judge, who is acting under the solem nity of an oath, to vote indirectly against the accused where he cannot vole directly against him to perjure himself in tbe interests of a party I On the 12lh inst, when it became ap parent that, without improper and cor rupt influences were brought to bear upon ,U- ;,.,ln tl.n Pronirlpnt would be BC- IUD J U'l . " " ........ -- - .. -- quitted, Mr- Schenck, another one of the accusers, sent tne loiiowing oispsicu iu almost every Congressional District in the United States. Wasbikotok. D. C.May 12,18(13. TU ; . n.aal itanrrnr tn the neACB fif the country and the Republican cause if impeachment tails, oena to your oeu te, before Saturday, public opinions, by resolutions, letters and delegations. (Signed) Robt. C Schkck, Chm'n. T- '.tl.a- mnrAm " Ynnr Senators, the judges in thi case, have heard all the evidence, tbey have listened io me argu ments of the managers, they have been subjected to all tbe pressure we can bring to bear upon them here, but some r k-m m.nitAat a diannaition. desnite our threats and persuasions and bribes, to decide according to tne law ana ma testimony, and unless you can frighten them from their silly regard for an oath and their respect for justice and honor, by demonstrations such as suggested, they will vote to acquit th President, and the Radical party i damaed I" A few day later, after a vote bad been nr,nn nna riiol and while it Waa pending upon the other articles, a Radi cal meeting was neia iu vvsbqidkiod, m .l. ---- nl the nart. in which VU , ,,l J " .... -- v. - it was resolved that a Rpublicaa Sena tor who should vote lor acquiuai, nnuer hi oatb, noder a sense of duty ever- shadowing all party obligations, would " be forever infamous ; and, to make an ..nl, if tknaa ihv eonld not control to deter others, that meetiag further re solved to " imracrtenators r eeeeoneo, T.M.kn1l mmA ilniiM at the Kae of lue tic and humanity as traitors, before whose guilt that of Benedict Arnold be come respectability and decewry I" ., , .. .-, . t And to cap me cumax, in noose oi P..A.antat, wmm nil thai Iffadnrehin of Schenck, Butler aad Logan, ha charged th oldest and ablest ef the Republican Senator with haviag bee a Uflaeoced by " corrupt and improper motive " ia their vote te acq ait Mr. Johaaoa the 11th amcl I History will be ransacked ia vaiB to la ataaallal ka ttia rAtTBttt Bad is- prnper means resorted to ia I hi ease te secure conviction; aaa Bistory wni turai.h few instances ia which men hav i Boeiy aad irmly end patriotically s irse Senator reaaeied each iaflaeaeee . a. L kMaa-ht tat bear eeainea ssr. Feesendea, Tree. bull, Gnmea, esdereoa. Fowler, Roe and Vaa inkle- a-'rrt'Mrmmi!l JII-- iaiW"! DUE R Flltoen Cent Per Weok. NO. 72. Wailm a. BaUS Datum la CHOICE GROCERIES, TEAS AND PROVISIONS. UNDERTAKERS. J. . MeoArraar. V. a. ooassuus. MCCAFFREY & CORNELIUS, OKNERAL- UNDERTAKERS EM61LMEE3 OF THE DEAD, HO. 300 SECOND ST. REAR RON ROE, MEMPHIS, : i t : : TENNESSEE. ETALLIC CASKS AND CASKETS AND WHITM0RE & CO., Froprietors ef tbe PUBLIC LEDGER N T K A. M PRINTING WORKS, No. 13 Madison Street, KB DAILY. KXKCUTINd ALL KIND L ef JO 13 PIMJVTIlVa-, IN A STY LB Unapproachable In IhU JlarkM AMD At lovvuu Jtvriis THAN ALL CCMFSTITOHHC Oer eld eatrea. know and apr-eeeiate th. ove facia, aaa all we aaa ef ethers Is lot above lata te (JIVK Vti A THIAL, X Tne Fastest Prases, KectSljlc9 of Tjpe Large Stock of Stationery, Exceedingly Low Rent, Together with Ue,leree petrewawe trim it as, readers is la ear ewr u ladsee nil Sa eriees which earjeeaetiteara eaaae. alcrdasrvU wnlruoRXtrxi T. U, MIOOTJ, a r A.ttomoy rit - Law, . OS Hire, naeMal Mejalelpetl (art aitHaaaa, U KM PHIS. TiJfwrssFi. 1 TI-1W F. II. WILiLiAIlD. JuMtto'o of tlo Peace. OFFICE, 8 Jeflreraoei etrMt. IH.oe .M 5ajt"NVM ! 8 I a a M eg PUBLIC DIRECTORY. BBURY CHAPEL (M KTHODIaT). COB. tiernaouo ana ninaon .irtvi.. CILAPP VANCsf ANDERSON, ATTOR- B07s-et-Law. geldoa Building, U Madisoa street, Memphis. Tenn. OALVARYCIIlJRCU(lI,ISCOPAL),COR. V J riejeiid and Adama ata.. Rev. Dr. White. C1KNTRAL MKTUODTST CIIORCH. 1711 t Union street, Rev. i.T.G. CrtHna, pastor. CHRISTIAN CHURCH. COR. LINDJilf and Mulberry streets. Rev. Dr. Ceahev. 0 ON if RELATIONAL UNION CUURCH, Union street, bet. lhirit and l)ooto. 1ONORKUATI0N BEN EM EM USRA J KLITB). eor. Seoond and Monroe ate. c UMBKRLAND PKE8BYTKRIAN Church, Court at., bet. Second and Third. DEAN A CO, WM..1W AND 1 Hi 14 POPLAR atreet, dealer, in Groceries, Teas, etc. ICKINtfON, W I LLIA M8 k CO. COTTON Factors. i2W Kront street, TjVIRST BAPTIST CHURCH. SKCOND r St.. near Adams. Rev. A. B Miller. F I R.ST METHODIST CHURCH, 8KC0ND street, near foptar. IMRST PRESBYTERIAN CHURCH, COR. of Poalar and Third streets. JLANNERY. JOSEPH. PRACTICAL . Plumber, Oas and Steam Pipe fitter, bi effensoa street. CI RACK CHURCH (EPISCOPAL), HER T nando street, ht. Pontotoe and Vanee. II AY8 COAL COMPANY BE9T PITT8- burg Coal, 2H7 Mnin street. II H ERNANDO INSURANCE COMPANY 17 Madiso at., 8. B. Williamson, Pre' KSftK. LEVY k CO., DRY GOODS, Ete,, tm Main street. TAMESAROOSA, MANUFACTURERS OF tl Farm and Spring Waaons, 9i Jefferson st. M ADAMK ANNA. FORTUNK-TfiLLER, No. nx Havoso street. M cCAFFRRY A COKNELIUS, UNDER- taker. Mil H-eona street. KMPUIS k OHIO RAILKOAp DEPOT, head of Mill ii etreet. M OORE k WEST, INS TRANCE AQ'TS, p. w. eor. Mam and Madison sts. PICKET, ED. BURKE, ATTORNEY AT I Law and Solicitor in Bankrantey. Office, N". 5 Courthouse, or. Union and Second sts. PAINT STORE, PAINTERS' MATERI als. MaDonald A Cole. 44 Monroe St. TOEWMMTssfONERS'"OFFICK. No. I AM Madison street. Y)6sf OFFIC E, CO RrKF PERSON AND 1 Third streets. R. C. Oist, Pos' master. Q UACKKNBt'SH.C. DEALER IN SASH. lioors and linnrs .til recontf atreet. R OYSTER, TREZEVANT A CO., Auc tioneers, zln seeond atreet. TUBSELL'S PRIVATE MEDICAL DI8 J nensarr. 40 and 42 North Court street. RUSSELL, OROVK A CO., OAY0S0 PLA ning Mill, 213 Adam, street, east of th Bayou. SECOND PRESBYTERIAN onr. Main and Beal streets. CHURCH, s T. PATRICK'S CHURCH (CATHOLIC) eorner Desoto and Linden streets. STT PETER'S CHURCH (CATHOLIC), COR- Adams and Third streets. CT. MARY'S HERMAN CHURCH (CATU O OLIO, eor. Market aad Third streets. ST. LAZARUS CHURCH (EPISCOPAL), Madison street, east of Third. s T. MARY'S CHURCH (EPISCOPAL). Poplar street, near Alnhsma. IXTHAPCO AND CI0AR8-A LARGE AND I superior st rk at Thurmond, FosterACo-'s Tohaoconi'te, 7 Monroe atreet. w H1TMORE A CO., STEAM JOB PRIN tera. lfl Madison street. Y ROMANS, 8. P.. ATTORNEY. OFFICE, (with Wright A MoKissiok). Kit Williams R'ocV. a.t MARCH, 1R611: NOW READY, THE FOL Inwing work, containing 1038 closely printed, large octave pages, well bound ia law iheep. Price, 110: THE LAW REGISTER ; eoinpri.lng all the lawyers in the United States. THE STATE RECORD: oonUininr the State and eounty officers, the organisation, juris diction, and terms of the Courts for every 6tate and Territory. THE OFFICIAL DIRECTORY forthe United States; o ntaining the officers of ths Federal Government, the duties of the several Depart ments, sketches of all the members of Con- Sress. the o Si oer. and term, of the Federal ourta. . THE COLLECTOR'S ASSISTANT) giving the lawa furcollectingdebis. executing deeds, verifying claims and taking testimony, with forms for every State i with much other use ful information ; ths whole constituting aa Offloial and Business Manual. Prepared from official returns by John Liv ingston, of the New York bar. Secretary of the Merchants' Union Law Cempany. New York: Published by the Merchants' Union Law Com pany, No. IX Rradwav, thirl floor (i the American Fxchanre National Bank Buildins). The book will be sent, prepaid, te any ad dress in the United States on receipt of tea dollars: or, it will be forwarded by express, with bill, to be paid on delivery. From Alex. W. Randall, Postmaster General St. John B. L. Skinner, First Assistant Post master General i Joseph H. Blaekfan, Chie Clerk Postoflico Department. Washisotois. D.C.. Febntary M, 1869. John Livingston, Esq., Secretary at arch ants' Union Law Company, New Yorkt Data Sia: Your new Law Register and Offi cial Director, just Issued, appears to have been very earefolly prepared, and we think may be ef gnat service in the iraosaetioa of the easiness of this Department. Th work will doohilees prove valuable to every official, hanker, snerchant and bo'lnes saan. ALEX. W. RANDALL, Potmater General. ST. JOHN R. L. gK INNER. First Assi'tsnt Postmaster ttsneral. JOSEPH 11. BLACKFAN. Chief Clerk I'oatoSoe Department, From Hob. FRANCIS F. SPINNER, Tn rer ol tne united btatea.J Wabbixbtov. D. C, Febrnary K, 1 John Livingston. Ksej, SeereUry M reheats' I Dion ua Co. : PxubPib: The sew Law Register and OB eial Directory, je.t i seed, appears tn have beee very rarefnlly arer-ared. aed we ta4 it ot great eervice in the Irian' t of lh. bamiusa of thia Derailment. e ibiak Ike work w. aid prove s veloahie eeejirti..e te. aed ahoeld be ea tbe deal ef. very pmaisent oxaceal, beak . aaerehaBt. d '""'"piTNrR. . TreS'wray fnitee H'atee. THE S0MEBTILLE riLCO.V J9 THE ONLY PAPER PUBLISHED IN Us Wealthy and Pepaleas eeaaty af Fayette, rtetrralates widely la Fayette aad sajoiaiag eoeatiee, aad Is read by that elaee ef res see eke deal hvrgVr, aad aJetoet exeisa-roly. with MeaiphU.aBakia at a dee rah!e edverticiac saediam brtaeewiekiB trade Cress that Bar boa. a, e, . u IPIIEI od-) 1 IVeprietor. e iiaia, r . . .