The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1854-08-18
WAR AMONG THE RANKS.

we regret very much TO see oisposlton
on the part Of some of the Banks Of the
State, to excite difficulty in the monetary
affairs Of the country. 1t appears from an
article in the late Nashville Union" that the
old Banks, by which !, meant, the Planters,
Union, and State Banks, at Nashville have
entered into systematic conspiracy to crush
the Free Banks, or at least large portion of
them, giving as their reason that the Free
Banks will neither accommodate the people,
nor suffer the old Banks to do so. This is
all CANNON and sheer humbuggery. 1t is
well known that the Free Banks and the
new Stock Banks of the State, have been
established, because the old Banks have fail
ed to answer the purpose for which they were
chartered. 1t has been the niggardly policy
Of the old Banks, which has always kept
Tennessee money at so great discount in
all the markets of the country. This thing
of paying out notes at one place payable at
aremote and inaccessible point, and compel
ling the holder of the note to travel hundred
of miles to have it redeemed, has partly de-
preciated our currency every where. And
now when other Banks are established by
the Legislature and when those Banks are
doing business upon just and liberal princi-
ples-dre issuing notes payable al their coun-
ter, and are furnishing specie circulation to
the community, the old Banks are entering
into an alliance TO extermipate them. Ii is
an argument that there is something iCrOhg
in the management Of the old concerns, as
with their superior advantages of capital and
position, they could lcgitimately do far more
business than all the Free Banks put togeth-
err. The old Banks at Nashville desire a
monopoly Of the business, in order that they
may continue their old system-keep Ten
nessee money under par for years longer, and
thus injdrc the community, and benefit them
selves but little. We are utterly opposed to
these Bank wars, and are glad that the
Branches are not engaged in it. 1t is course
Of policy that will result in injur, both to
the people and to the Banks.
BosToy, August l.
intelligence has reached this city to the
effect that a Russian brig had been captured
and taken into Valparaiso.
! RALEIGH N. C., August II.
The majority Of the Hon. Thomas Bragg
for Governor is $500. The Democratic ma
jority in the Legislature on joint ballot is
| l6.
BALTIMORE. Aug. 10.
In The Parkersburg district of Virginia, the
eleventh. Lewis Democrat, hus been elected
to Congress bv 500 majority, to fill the va
carcv occasioned BY the death of the Hon. ].
F. Spodsrass.
Sr. LOUIS ELEcTIoN-The telegraph an.
nounces the election Of Kenneth to Congress
10 the st. Louis District. He defeated Polk
and Benton BY large majorities. Mr.Keunett
received the support of the Wings and Know
Nothngs. This may be considered another
triumph for the American party, for the
Wings Of the District, comparatively speak
! - -oa.osl. ,-.----.s- o>--.- --l'~ s,"a-I
fR- The Louisville Journal of Saturday
says:
awe are Informed by gentlemen who have
travelled extensively through this State and
Indiana that the corn crop in these States is
irretrievably lost even should there be now
rain.
"Our commercial reports have for some
days noticed steady advance in provisions,
and it has been predicated upon the bad pros
pect of the crops"