Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1854-02-01
THE .tBLUFF CITY BANK

There IS a charter now pending before the Legi-
stature for the Incorporation of new bank at Men,
phis under the name of the "Bluff City Bank" We
are not it is well known, bank men, but it affords
US pleasure to comply with the request of friend
IN copying the following article in reference to this
charter from the Memphis Wing:
MEMPHIs AND HER BAyKs-The contracted mon
led facilities of Memphis is theme upon which
much has been said and written and complaints up
on this same score may, perchance fall upon the
ear Of the unobservant and disinerested, with all
the monotony of thrice told tale. So little, how
ever, has been hitherto done towards alienation
OF the evils under which our citizens of all classes
have labored for el these many years, that we ap-
prehcnd the Legislature will not hastily arrive at
the conclusion that grumbling is chronic disease
of our community and beyond the reach of the
curative powers of legislation. On the contrary,
we believe that the present Legislature is more
kindly disposed towards as than any of its prede-
eessors for many years past and will undertake to
administer an efficient remedy, provided the cit-
zens OF Memphis are prepared TO act udiciously
and promptly in regard to their interests and in
discharge of their duty
That interest and duty consists, to great extent
in continuation of their efforts and entreates for
rehef-as1lng for nothing unreasonable or embar-
RAISING to the Stae-but honestly and conscientious
~ NO9CutiS W tiidl oouy our present necessities,
and the condition which inevitably awaits us unless
some change for the better can be effected
To the end that something practical may be at
tanned at the present session of the Legislature we
desire, briefly, to call the attention of our business
men OF all pursuits to the Importance of concen-
trsting their influence and energies in favor of the
passage through the Legislature of the Charter now
pesding before that body, for the incorporation of
the Bluff City Bank Without intending to dis
parage the claims of other charters to the conside
ration of the Legislature, we think it NAV be con-
fdenuy asserted that if this charter shall be passed
the Bank will be put into immediate operation. and
will contribute more to the commercial. mechani-
cal, and manufacturing interests of Memphis, than
any or all other measures which claim the atten-
ton OF our community. The charter provides that
the Bank shall have a clpital stock OF 81 900 00O
and 1t will be seen that the commissioners appointed
to procure the amount OF stock are men of the
RICH stamp for such busness-C w. Cherry, Arch
ibald Wright, H. c. Walker Jesse Maxwell, John
Harberts and Louis P. Williamson The names of
such men afford guaranty 10 the Legislature and
the public, that the Bank will be started upon
substantial basis, and its affairs safely and prudenty
managed
What commends this Charter more especially to
the consideration Of people, is, that it is not
proposed to establish Bank for the benefit of New
York stock holders and New Orleans merchants,
but 1t IS designed to be local Bank and those en-
trusted with its m .nagement will be restricted in
the main to the transaction Of local business and
hence II will be identified more with the interests
OF Memphis, than with New York or New Orleans