Nashville daily patriot. [volume] (Nashville, Tenn.) 1855-1857, 1856-07-03
COMMERCIAL.
DAILY PATRIOT OFFICE.
Monetary and Financial.

monetary ana E1nanclal'
The past week has been one Of unusual dullness
in the money market owing in great measure tothe
anxiety upon the part of all the Banks TO make
clean showing on the LIST inst. Their statements
are allSmade and being published, and we are glad
to say the work looks well. The statements of our
Banks show that they have been managed with
skill, and great prudence. We venture the asser>
ton, without the fear of contradiction, that our
Banks in Tennessee are in as solvent a condition
as any in the Union. The Banks will now throw
open their ports, and extend all the accommoda-
tions to the community in their power Banks,
like individual must first take care of themselves,
and then their friends. We cannot under all the
lights before US, make any other calculation, than
that of easy times for the next twelve months.
There is a rapid accumulation ofmoney everywhere.
The prospects for a more abundant harvest than
before known in this country, never were bet
ter. From Europe every steamer brings advices
Of an easier money market, an advance in stock
securities, and an active demand for all ou- great
staple products at satisfactory prices. From Cali~
fornia every steamer comes freighted with about
two millions of gold and favorable accounts of min
ing operations The return of peace in Europe has
caused a return of immense amounts Of gold to the
legitimate channels Of ;rade, and re. establishment
ity. For several years, the legitimate uses Of the
enormous god productions Of California and Aus
trala have been diverted by the progress ofthe
in the Crimea, and the world was never benefited
in the least by the annual addition of one hundred
million of gold to the currency. TWAS drawn from
broad cast over a section of the world and among
a people where so much specie had never been seen
before. Much OF this will never be seen again
among commercial nations, but the bulk of it will
in time, and in the course of trade, find its way
back again into active circulation, end add largely
to the basis of commercial credits We shall real
ze more within the next twelve montbs-the &C.
tusl effects Of the production of gold which has
been going for the past eight years, at the rate
of one hundred million per year-than we have yet,
and it will not be difficult to imagine what that et
feet will be. The existence of the European war
for the time neu trazed all the effects of such
immense annual increase in our specie currency.
mere Is uOllilP uoW5 Iudb We Chu set, AZ LuO way
of its full operation. As the two great commercial
interests of the world-Great Britain and the Uni-
ted States-accumulates this supply, soon the
effect passes away and the various ramifcatons of
commerce again extend over the sections of the
world recently the theater of hostile operations
shall see an cbundance OF capital such the most
sauguine never dreamed Of Money is destined to
become very cheap.
STOCHS.-Nothing of importance to report.
MAJ ket quiet.
ENCHNAGE is in good demand, at to on
New York, and per cent. on New Orleans, and
firm. The demand on all points is greater than the
supply.
LAND WARRANTS-There has been another
decline Of to 5 cents and we quote the buying
rate in the market from IS TO 50 cents per acre. 1t
is beyond hnman foresight to tell what will be the
future result of the price Of warrants. Congress
bias granted and is about granting 20 100000 acres
Of land to various railroads. and it will be long
time before the government lands will be in the
market again.