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FINANCIAL OFFICE OF THE DAILY APPEAL, MEMPHIS, May 17. 1867. There is no feature of interest to report local finances. Gold opened in New York at 37ge, it declined to 361 but again rallied, closing at the opening rate In this market it was steady throughout the day at 35 to 354e buying. Silver is buying at 27 to 28c. Selling at 28 to 30c. County warrants are firm and higher. Buying at85 to 86c. Selling at 88 to 90c. City scrip is dull at 55 and 56e buying Selling at 57 to 58c. Police scrip is in fair demand at 75c buying. Selling at 80c. Exchange is bought at to 1/6 off for eastern sight, and selling at par to premium. Regular customers can, however, buy at better rates. Exchange-on New Orleans is taken at discount, selling at par to 1 premium. There has been no transactions in bonds to report. We quote nominal as follows: Memphis and Ohio railroad bonds, 15 to 20c. Memphis and Little Rock first mortgage bonds, no sale Memphis and Charleston railread bonds, 65 to 70c: Tennessee bonds, with coupons, 65 to 70c: Tennessee bonds, new, 65 to 70c: Mobile and Ohio railroad bonds, no sale; Mempkis city coupons, 55 to 57c; Memphis city railroad stock, 30c. We have to report an upward moveIn ment in Bank of Tennessee money. other banks the market is dull. TENNESSEE BANKS. Bank of Chattanoogal0 Merchant's Bank Ocoee Memphis .par Planters' Middle Tenn90 Southern Ten,old is'se. 50 Shelbyville W.Tenn.. Traders City B'k Nashville .50 Commercial Bank par Union A called meeting of the creditors of the defunct Frankling Insurance company took place yesterday afternoon at the chamber of commerce. Col. Young was called to the chair, and Dr. Wilkinson was appointed secretary, The committee appointed at former meeting, made a report, in which they placed the good or tangible assets of the company at $120,000, and the liabilities at something over $200,000. Considerable discussion arose as to the best means of realizing on the assets, and several modes suggested, all of which had advocates It was proposed to let the bank go into bankruptcy which was objected to on account of the delay and the probability that very little would be It left to divide among the creditors. was suggested that the chancellor should appoint a receiver, but the project found little favor. Another proposition was made that the assets should be sold, as i was stated that a party was willing to purchase at a fair valuation. The majorIty, however, were in favor of resuscitato ing the bank, and to that effect the follow ing resolution was adopted Resolved, That 8 committee of three be and are hereby appointed to solicit subscriptions, with a view to reviving and re-establishing the Franklin In surance and Banking company, and the said committee be instructed to obtain the consent of creditors who have attached, to allow the sheriff to collect such notes and checks in the bank have matured and are maturing It was further Resolved, That the committee be constituted 8 general ex ecutive committee for the stockholders of said bank. The attendance of all creditors of the company is solicited at the next meet ing, which will be called by the com mittee, and at which final action will taken. On motion, the meeting ad journed. it A revenue commissioner, David A a Wells, sails for Europe to morrow, to vestigate the condition of manufacturing in England and Belgium, and the Eng lish method of collection revenue stamps, the method of supervising distilleries, etc. He hopes to return September, and will make a full report to congress. It is understood that Gar field and Allison, of the committee ways and means, will accompany Mr Wells In future postage upon all letters whatever destination exchanged with Is Great Britain, will advance by a single rate for each half ounce or fraction the y same as upon domestic letters. It appears that in proportion to he to population Philadelphia has fewer banks rov than either New York, Bosto Nev dence, Pittsburg or Baltimore w York has thirteen banks, with $1,000.00 capital each, four with $1,500,000, one with $1,800,000, five with $2,000,000 three with$3,000,000 one with $4,000,000 two with $5,000,000, and one with $10. d 000,000. Boston has twenty banks with $1,000,000 capital each, two with $1,500, 000, three with $2,000,000, and one with $3,000,000. But Philadelphia, the second city of the union, has only five compara tively large banks, three of which ha $1,000,000 capital each, one has $1,500 000, and another $2,000,000. This state ment does not include state banks, which latter New York city has twelv with an aggregate of $9,292 500 capital Providence thirteen, with $2,490,200 cap ital; Pittsburg one, with $1,143,500 cap tal, and Baltimore six, with $2,255.05 ft d capital; all in addition to the national banks. o The president of the City National bank of New Orleans which was an e nounced as having suspended, has con tradicted the report by a dispatch to St Louis. He says "There has been a run on all the bank e here but we are all right and can pay all our deposits." COCHRAN Pres't
