Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1855-02-13
RRANCH RANK ar COLuMRIA.

We copy the following from the Columbia Her.
aR at the request of democratic subscriber:
MEssRs EDITORS: The recent wholesale removal
of the late President and Maury County Directors
of the Branch of the Bank OF Tennessee at Column
bia is calculated to make the impression on the
public mind that the President and Directors here
had committed some error or shown some defcien-
CIV in the management Of that institution, which
rendered their removal necessary IN the Judgment
of the Board of the mother Bank at Nashville
In selfdefence therefore, and to do justice to the
character of those gentlemen, feel called upon to
ask the insertion of this Card in yorr paper, giving
extracts from the letters from the President of the
princpal Bank to the President of the Branch here
which show concusivcly that the removal was not
made on account of any fault or error committed,
but for other reasons best known to themselves;
and which, from subsequent events, the public are
left free to infer. This they had the poorer to do
and it is not my purpose here to lmpugn their mo-
tiyes, but leave Just and Independent public sem
timent to pronounce its own verdict. The letters
referred tofrom the President Of the Bank at Nash
Vile read as follows:
NASHVILLE Jan. %, 1865
DEAR SIR: | enclose YOU list Of the Directors
selected to-day to manage your branch the next
year. The board in Many is changed. / need
scarcely say that it was entirely contrary to my
wishes and expectation. | heard no mention of
the presentment of new board or of a desire 10
percede Won until the list presented to be act
ed on | said and did all that was right and proper
in strong terms as became me. 1t is, however,
done.
am truly, your friend,
G. JOHNSON
BANK OF TENNESSEE, Jan. %, 1856.
DEAR SIR: You do me but justice in supposing
that the change in your board was made in direct
opposition to my wishes, and against aghat con-
sidered the interest Of the Bank; and | take great
pleasure in saying that your branch has been man
aged safely and with Judgment, and mach better and
more DroftaJlg than 0ny former gear: and that the
duties of Cashier have been we'll and satisfactorily
performed so far as able to Judge here |
shall always take pleasure 10 testifying to the good
conduct and efficient management of the branch
under its old officers.
am respectfully, yonr friend,
c. JOHNSON.
| make free use in the publication of these let
tiers, from reasonable conviction that Mr. Johnson
could not wish do less than simple justice TO those
persons whose official conduct might be otherwise
lmpugned.
Among other misrepresentation said to have
been put in circulation at Nashville is, that the
President of the Bank at Columbia had made out
list of Directors to be appointed 1t IS not true
that ever made ont any list of directors at ALL and
only recommended a single person as new director
for this branch. My opinion was that 1t was the
business of the President of the mother Bank to
make such inquiry as he thought proper and pre-
sent suitable and proper Directors for the
branches This list was a slight change from the
Old board But it is not my purpose to go into a
history of these matters.
In conclusion, permit me TO say, that the profits
of the Branch Bank at Columbia for the last fiscal
year was Sl2 GG3 30 capital Of about $l25 900
and not a dollar Of bad debt made; while on hand
baI az md pOiD 70
amount than our circulation These facts submitted
to candid public will relieve the mind of myself
and those concerned with me, of all fear of an I'M
Just impuaton.
Very respectfully
JAMES WALKER