Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1857-03-12

or Its very generally understood among the
bankers and business men Of the State, that an
effort IS making to force the Union Bank into an
arrangement, which will be highly beneficial to
some banks beyond the limits Of Tennessee. We
sre graliisd to learn that t1e Union Bank hRs de
termiued TO enter into no such arrangement. The
Bank is abe to redeem in gold every dollar of It's
circulation It should be borne in mind by those
whoee sympst HES are with the South Carolina
and Mississippi bankers that one third OF the whole
stock of the Union Bank IS owned Uy TIE State Of
Teauesses-thst the semi. annual dividends from
this stock, are regularly paid into the Bank Of
Tennessee. sud OF course adds 20 the profit Of cur
State institution. Those who aid South Carolina
aud Mississippi bankers are injuriug the people Ct
the State. II banE at Memphis and at Knox.
vile are facilitating tboEe engaged in making this
move on tie Union Bank, they are doing serious
injury to Knoxville and Memphis. and We shJud
think the citizsns Of these respective cIe7 co2ld,
by Withholding their business from a Memphis or
Knoxville Banl thus engaged, 1 , much 70 correct
the evil We have NJ pBT@cg,ar friendship for
banks, but when banks or brokers IL our own
State, lend helping hand to Mississippi and South
Carolina banks or the pupos Of iDjuriug an in
stuli5u, il which the people Of Tennessee are
large stockholderz We feel that it is the duty o.
every TenuesseSn % aid our own Bsnks-by
withdraKBg tbsr depos.Les from the Knoxville
and Memphis bsoks thsr are doing our people .
serious injury We think TIE Union Bank Tor ils
independence deserves much credit, would that
other banks would tske the same course
81 The Washington correspondent Of the
Boston Traveller, 81 abolition organ, in noticing
the recent appearance Of SUHNER in the Senate
says, what will no doubt be highly gratifying to
every democrat:
The only gentlemen from the Administration
party, whether from the North or South, who
greeted their long absent colleague. were @ aueral
James and Governor Allen Of RbOte Island. The
gentlemen of toe other side, iuc,u2ing Douglas,
Toombs, Siidel, Benjamin CRss and others, passed
Endrepsssed DIR. Summers seat and Heither gave
nor received look Of recognition.
The Washington correspondent Of the New
York Nslrs thus explains the cause Of the presence
Of Senator Sumner in Washington:
He has not been here since tho passage Of the
compensation set, ard not being able to get any
gsy until be came on to draw it, he wisely conclu-
money. His sbseuce being attributable to alleged
sickness will not be deducted; the result is that
this man. who has grossly neglected bis legislative
duties ever since last summer, glll draw about
four thousand dollars for service he has never per
formed He looks very well, and we're It no. Tor
bis downcast appearance, indicating hurt pride
rather than bodily harm, / would not nave im
tgned that anything had ever happened to him.
~ Gen. WAsHIS0TON BARROW, highly sp2re
ciates the gratifying manifestations Of the partial
ity and confidence of his political friends, but has
no desire to leave sgsin the paths Of private life
BE, therefore, authorizes the editor Of the Banner
TO say that he does not wish his name to be brought
before the Know Nothing State Convention, So be
could not under any circumstances consent t. Tu2
for Governor. 4 very strong sY!dsnco Of the
Gengrars good sense.
B- Col L. J. DUPREE, one Of the editors Of
the ETau7nbis Epeuigg NslrS on his wav to Wash