Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1857-01-25
TENNESSEE AND GEORGIA BANKS.

lE IS CURIOUS 70 q 4GQQG5S6hI 70 EG6u bLtACkS o.
Tennessee banks in a Georgia paper: for the worst
wildcats in the country are and have been
in Georgia. 1t would seem the part Of wisdom
and discretion fer the eorgsns to kill of the ugly
vs-miDts in their own midst before preaching
crusade against those Of other States.
Such is not however, the policy of the Augusta
C5rOnicls and Sentinel Il is grievousIy sfii cted
with dread Of wildcats from Tennessee, while
the wild cats of its own State are, in ts estims-
ton as harmless as tame kittens. Ia its issue Of
the 2lst instant that paper reviews the statements
Of the Ocoee Bank and the Bank Of Chattanooga,
for the purpose of putting the people Of Georgia
on their guard against their circulation. It states
that the immediate liabilities" Of the Ocoee Bank
for circulation, to banks, and to 6epositors-are
S349 949; while its immediate resouroas"-bnls
Of other banks and coin-sre only SI44 lO4. Of
the Bank Of Chattanooga, it states that its Gimme
date liabilities Of the same class ss above, were
$353,69I, while its cash on hand was but Sl48,-
lO3. In these statements, the bills and notes Dis
counted, amounting in both cases to more thsu the
immediate liabilities o. the banks, are no, taken
into account
We do not know what effect the publication Of
the statements in question may have il Georgia;
but we are sure that they will Increase the public
confidence in the=e banks ameng people capable
Of judging for themselves There are lew banks
in the Union which csn show safer and s5under
condition
Let us apply the test Of tie Chronicle and Sen
siHsl to the Banks of Georgia. It's test as applied
to the Ccoee Bank, is, that
The immediate liabilities OF tie Bank, such as
they may be called on 10 pay within q week OF
less, are for circulation, to Banks and DepOsors,
S349 ,949. heir means which are Immediately
available, are the debts due from Banks, tLer coin
and the bills Of other Banks Wh.cn all told only
sum up $l44 lC4, little more than hslf enough
10 pay their circulation, aud falling short Of their
Immediate liabilities, the enormous sum Of $685.
745."
Referring to the last report of the Ss-ra.ary Of
the Treasury, We find that the Bar1s would s;aad
the test TO which the ChrOaicls and gsati7sl thus
applies to the Banks Of Tennessee as fellows.
Immediate liabiIities:-
Circulation, SIOOg2 500
Deposites, . 525 25G
Due to other banks, I334O9S
Other liabilities, G239l8
sI4576O8I
Teal immediate liabilities, which the banks may
be called on to pay in a week, fourteen million fire
h1ndrsa and serenity sig Housara and eigHh.oue
dollars
Immediste resources:
Due by other banks, Sl2S5,C24
Notes of other backs. 846.G75
Specie, 1855 gGG
Specie funds, 5I3 G97
S460L962
Total immediate means only four million sir
hundred and one thousand nine hundred and sirty.
tao dolIrs
10 short the Cironicls and Sentinel feels Il to be
its duty to warn Gsorgians against bank in Ten
nessee which shows the proportion Of S349 $40
Of agdat 1t calls immediate liabilities to Sl44 IO4
of 'OhGs Il calls immediate means while the same
stems in the reports Of sll the Georgia bsnks foot
up $l4576,OSl Of immediate liabilities against
S4,60l 962 Of immediate means,
We have D0goerrys authority for pronouucng
comparisons "odOraus." Doubtless this Georgia
editor will be Of Dogberys opinion when be sees
this comparison.
We are not the apOlogiss or defenders of banks
or of the banking system. We approach rad cal
ism in our opinions as 70 their necessity in the fist
instance, and IS to their proper and legitimate
uses, if we are to have them at al But we main
tain that the Tennessee banks arc as good as any
IN the Union, and we know the Bank Of Chatts-
nooga snd the Ocoee Bank to be among the best
and safest in Tennessee. Il Is not wonderful that
their notes should circulate il GsO-gia-o, they
ale gool--nor Is It, perhaps, wonderful that the
Georgia papers, in the interest Of the Georgia
banks. should feel euyi5us st the character ard
credit of the Tennessee banks naueI with PEOPLE
Of that State.
For instance, and in conclusion:
Alta recent meeting OF the citizens of Call9un,
Georgia. they resolved MOTTO take the notes Of the
following wildcat issues iu Georgia; Bank Of Co.
lumbus Bank Of Midd.e Georgia ct Macon Che
rckee Insurance and Banking Company, Dalton
Interior Bank, Griffin; LaGraUgs Bark; Mauufec-
turers' Bank at Macon; MeTc585js' Bank, Macon;
Southern Bank, BaiabFitge; nor any Others tbs-
afa rot bankabe al The city u augusta or Sayan-
nah.
~ Gen. L. p walkers name having bseu menaoL-
"a in c,rrsriou with the G1vaurrshp Of alabama he pub