Daily Nashville patriot. [volume] (Nashville, Tenn.) 1857-1858, 1857-04-02
From the union : American.
FROM the Union & Ameflcdh
The Planters, and Union Bank-an IN
founded Charge Corrected.

The Planters, and Union Bank-an Un-
founded Charge Corrected.
The Memphis Express and other papers Of the State
have endeaVored impair the credit two old Banks
by publishing statement to the effect that there due
from the Planters Bank Of Tennessee and Branches to the
treasury s21S3O and from the Union Bank Tennessee
$246 balances former depostes ole public money
and that the same unavailable and could be collect
ed With commercial people, familiar with the standing
and credit Of these institutions such statement
impress Of absurdiy its face but there many IA
nlar with financial matters, who ready credit it.
Ihose VINO rst originated the story might have better
they had only pressed their examination through
are page S the Secretarys Report and where they pro
less TO have derived their information The contents this
page are first Statement Of the balances due from Banks,
formerly repositories of the public money which unavai
able and have been reported by the Secretary ohe Treas
ury for number Of years" this list are embraced the
Union and Planters Banks Of Tennessee with summing up
OF the entire amounts due. Following Immediately under
this the page deduction of the dnouts paid
and held up for payment in the following banks here setting
forth the banks the Planters and Union among them Six
pages further the rep state that he de
raets Of payment Of both the Planters Union Banks
had been referred to the Auditor for settlement and
mot reported for suit thereby showing the Statements
Of payment referred to We think it strange
that the editor Of the Frpress should not have examined
'lt into TINS matter before making such grave
charges. To deprecate the credit of usti uon in this
manner public wrong, and should not be INDUCED in to
crafty personal spleen We ready to join hands with
anybody in opposing banks fair principles and in hon
est way, but no other.
The following letter the Secretary Of the Treasury
conclusive this point, and should be copied by all those
papers that aided in giving currency to the false report
TREASURY DEP ARTMENT, March "a, 1851.
SIR In reply your letter of the 18th inst begleave
suggest that examination of the annual report Of my
predecessor it found be true that balance in
n page 53I stated against Bank well the
Union Bankbut the statement shows the to be
deducted which in he Of these two Bank precisely
the charged The explanation pages 542 and 543
shows that the payments had been referred for settlement
which has been accordingly DONE the boo Of The Treas
uy the accounts of these Banks have been balanced for
some months past.
On page SO Of the report will perceive that only the
balance Of statement toned be due that these
two Banks entirely acquitted of owing any to the
United States.
These accounts should doubt have been long since bal
anced and probably would have been the
that the cha ged the Treasury books
kept by the Register of the Treasury and the payments
made, be shown the Office Of the Treasurer of the
United States The debts and credits brouh mp
the Treasury books in regular form, until the reference
made in pr last for The settlement oil these
Vary respectfully, your obedent servant,
HOWELL COBB.
To y. WEAvsR, Esq, Cashier of Planters Bans, Nash
vile, Tenn.