Nashville daily patriot. [volume] (Nashville, Tenn.) 1855-1857, 1856-01-25


We cheerfully give place to the following
communication received late last evening
from the distinguished President Of the
Bank Of Tennessee:
BANK OF TENNESSEE, Jan. 81, 1856.
To tie EIi,0rs Of the PatrioL-In your pa
per Of this morning, notice some severe and
unjust animadversions upon the conduct Of the
Board Of Directors Of the Bank of Tennessee,
predicated upon a statement in the Nashville
Union Of Saturday last. The statement in the
Union is wholly untrue. This Bank did not on
Thursday last or at any other time determine
or agree, directly or indirectly, to appoint 10.
Know Nothing to a dictatorship Of the Brancl
es Of the Bank or any of them, nor was such
proposition at any time submitted to it. So
far from il being true, the Board proceeded,
IN the ordinary way, to appoint Directors, Civ
ing a majority Of each Branch to members of
the Democratic party, which WAS responsible
for its proper management, and, IN every in
stance, giving to each branch two og three Di-
reclors of the opposition PARTY, IN compliance
with what we understood to have been prac-
tced by the Wing party whilst the Bank was
under their control; and we believed it also
Just as both parties were alike interested in its
proper management. | shall be at all times
ready to show the list Of Directors 10 any gen
tleman feeling an interest in the subject, as
would have done TO the editor of the Union, had
hecalled at the Bank for information as he prom
Used one of the Directors to do, before the pub
LEGATION of his unjust aud unfounded attack up.
on them. The present Board of Directors was
selected two years ago for the purpose of super
seding one, that had been charged with inter-
fering in the elections and using he patronage
and influence Of the Bank to promote the cause
OF the Wing party; and, determined that no
such charge should be, with truth, made
against them; from that day to this, no dis
count or purchaser bills, no act connected with
the operations of the Bank has been infuene-
ed by party considerations of any kind. We
thought that the best modsDf serving the Dem
ocratic party was to promote the interests Of
the Bank irrespective of parties. We have IN all
instances done business with or for the citizens
without the slightest regard to the party dis
tinctions among them; and | am glad to be able
to say with truth, that many of the best Gus
toners Of the Bank belong to our political OPP
ponents The best evidence Of the general sat
isfacton given by our course may be found in
the fact, that, during the excited contest of the
last summer, am not aware even of any charge
having been made Of an improper interference
in the elections by any of the Bank officers !
This is confirmed, too, by the fact You mention
that the denomination of the present Board was
confirmed without opposition, by each branch /
of the Legislature. It may not be amiss to
add word in relation to to the Columbia
branch. Oae year ago, the Board appointed
eleven Democrats and three Wings, for the
management OF that Branch, placing Granville
Pillow, at its head Mr.. Pillow declined serv-
ing, and Mr.. Eakin, one of the Wigs was
elected President 10y the Board; during the
year the Branch was managed with energy,
activity, and good Judgment, making more
money than at any other period-its deposits
more than trebled, and without having made
a,bad debt. Under these circumstances, when
the new Board was to be made, applications
were sent for an entire change of the Board
except two, 10 Maury, Others earnestly urged
the omission Of Mr.. Eakin from the Board al
together; and several persons were named for
his place. During the time no one obi ected 10
the qualifications the integrity or honesty of
Mr.. Eakin or any member OF the old Board. /
The Board of Directors here concluded TO re-
appoint the old Board, which had acted so
well during the past year, leaving them TO Sc
lect President and Cashier for themselves .
/ will make one other remark, If the Board Of
Directors here are to be controlled by intem
perate, heated partizans Of either party, the 4
sooner the Bank is wound up the better Tor The
State. i am, respectfully,
Q. JOHNSON. /