Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1855-05-19
Kyoxf7zLE CORRESPONDENCE



yfess,s. Editors Il see 10 some Of your last is
sues. statements concerning the MINERS AND MAN
urAorURrns BANK Of this place. which are caculat-
ed to do harm unnecessarily. The citizens here
have confidence in II. AS they know the men who
it. All ofits issues are pay able at its own
counter, and it has been fully able and is yet, TO
meet all demands made upon it. The only otjec
ton that has been raised to it is that the stock is
principally owned by Northern Capitalists. And
is not that the case also with two others of our old
stock Banks? This may be true or it may not, but
one thing in its favor is, tina. both its President
and Cashier are native citizens Of this place And
another fact, it is likely to prove in truth, Miners
Bank. Those who are principally interested in it
are the owners of 900 acres of mountain land in
the Copper District. Theland hasrscently been ex-
plored by celebrated Geologist Of Philadelphia,
and the result is that as fine indications exist ofthe
presence of Copper as are to be found anywhere in
that range of Mountains.
The discovery made at Ducktown is thus likely
to be but the beginning point for the development
of one of the most interesting mineral regions in
the United States.
But speaking of Minerals, ] would respectfully
ask where is the State Geologist? We have been
anxiously expecting him to give US a visit that
would result in good, and unless he comes soon, he
will find that others have stepped in before him,
and secured priority in an exploration Of this dis
trict This same Philadelphia Geologist, Prof. NJ.
w. DIcKsoN, discovered valuable and extensive
Zinc mine not four miles from this city, which was
at once secured by lease.
And again, to return to Banks, there is a rumor
on the streets here, how true it is cannot say,
that the entire directory of the Branch of the
Union Bank at this place, have handed in their
| Many of them are our eldest and most influential
| citizens. Such is the rumor.
| There is also another report that our Kentucky
| Railroad has been put under contract by its able
| President, Hon. W. NJ. CHURoHwELL, the contract
being taken by a reliable Northern firm. If so
it will add greatly to the Improvements already on
foot in our city.
| In few more days the steam whistle of the Lo
connective will sound through our streets ant
among the bills Of our city. grand demonstra
ton is to come off on the 4th of July.
The passengers on the road were put off as
night only eight miles from town, and every day
the distance is shortened
The Gas Company of our city is progressing
rapidly with their work, the whole being com.
pleted except the laying down of quite small por
| ton of the pipe And then when it is remember
ed that at any time of the year any quantity o
coal can be brought to this point by water from
below, you can readily imagine our advantages
not only for an abundance Of light, without an
contingency, but for the material for carrying OF
our numerous Manufacturing establishments
From your quotations of the price ofproduce,
should judge there was greater scarcity with 20,
than here. We have never had to give more thai
80 ceats for corn, and $50 per ton for hay; ant
this is the more remarkable from the fact tina: you
portion of the State has always borne the reputa
ton ofa great agricultural region. At presen
the prospect for the future crops is quite gloomy
A rain inst now would be worth millions to u.s.
The Oats have suffered seriously and the Whea
cannot stand it much longer. The drouth, the a,
and the bug will work its destruction. But W
hope Tor the best. EAST TENNESSEE.