The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1858-11-05
subscribing or purchasing near a quarter ola


:
subscribing or purchasing near q quarter ola
million OF dollars Of its stock.
The expansions and coptractions OF these
TWO banks were supposed to have had much
influence IN producing the disastrous period
OF 1887, and induced the Legislature to make
n Bank OF its own for the protection OF its
ci'lzenssnnd the Bank Of Tennessee was char
tered with acnpital OF five millions: but little
over hall lis capital In active means has been
as yet furnished, whilst the interest OF the
stale IN the other banks was increased tn
nenr nine hundred thousand dollars The
Two banks were placed under the control Of
their Stockholders, who are believed to be
mostly citizens of other States, whilst the
Bank Of Tennessee was made subject to the
control OF The General Assembly:
Prvnte capital controlled by private inter-
ests was TINS arrayed against public capital
under the control OF the Legislatures; and
near ambition of dollars OF the means Of the
States placed under the control Of the former,
TO enable II the more successfully to com.
pete with the latter.
Hcannot he otherwise that in the manage
iDent OF these nntagonistic interests, coils
IONS VIII take place prejudicinl to the inter-
es's OF the people ana the State MS well as
the banks. In the last message Of Gov.
Johnson the entire circulation of the State
IS stated at nine millions OF dollars, II cannot
now put nttie exceed one.third OF that sum.
Debts contracted by the State, counties
ana cues, internal Improvement companies,
rs well as Individuals upon the inflated curren-
CIV mat then existed, WIZ now have to be
Dllu Win the present diminished pirpu nj
u NOT reduced TO n gold and silver one ex-
riuslVely. snch expansions and contractions
IN the paper currency OF the State, cannot
oul 'hJnI'ously an.ct every interest, and
VIII, occur peiloucaliy so long us II 10 left
uuuer 'he cohu"i OF lne STOCK banks, rs 1t
.'"S ,e'e'o'o,e oeei' ana whenever Their IN
't.es'" 'i'ny ue'''anu u, "h'ch are o:teh most
advanced Wn ny us lrreguIar,'y.
Whatever may now be thought OF the
ploPney OF the organization OF those lnstl.
s". ue;", u eau sc",ce'y % aouoied ina such
oon,'c'ng interests can never De reconcled
VI VI we e'is now ie't from u oe remedied, I'M
vi 10 se''e" Wn'ch OF 'hem shall be ndop-
.."' y, ""e'"e' vi u 'heH snail be dlscon.
''nT re
no neeess'yio' projecting the c'tlzens
ag"'ns' ,he expansions ana contractlons Of
. .ne s..n o'nhs' "n'cn existed ana produced
we ."",'e, vi ''c Dahk OF tennessee IN 1888
Ill, :" J. ms p ..e' anu - more ur'
y, oor H ~, ,t "om "ha nn increase OF
rI,,ad o., ~. y, I'LL, ~ 'sm"'y oohten,'
aianon +, " ~ 4 I""oi' W supply any Gen
nrn,in,ad hn ,,.;,h III" "'y w"'en VIII De
,ho IT,. ;s:, IVA u. 'ne cnp'ai OF
t;nr 81 40 1885, ~ S S;' oe 'ne ue.efln'h".
,ha ov,,;,",;i,, p,e w. u''Pense Win 'hem al
I, ' wr" an',.t w. 'ae' I ,1. =,
nresoni ,tnt, ~ ,h;nns n 81, n"e,, .""' tie
,y,s nrrsd man ,ha ,',o, mTu'u c..u', an" !
Assemble ,oincr.asa tLa os,,;,"i ". .r' uenern'
for H., ,,,,,n ,,,,,, wv ."r''"' VI ,"e o""h
Him !, ~ pty.rd .on," u ".'aeu' VI enh-
hv .,,,,,,,,,;,'.,l., &c ene; W 'he people
r,,cv ,ph;nh ,on, 49," u" '"e P"Per cur
NJ. S,a, ST." ,o" i;s
h,nts dnr;n', '' ,hn M,ns' WIN l"t use OF
' """NH u"iing 'ae rH's'ehee OF me present
riah,. n"r ~, nroh',I "' ,I !" ame'r vested
nj. nvnI,,s;,., III I IL, .""' WV ''So'' W
iims' MA ,ao uh ""u s'1.e. currency ~ any
the nsa ~ h,nI nan", e., oe" h "S"s.o'heu 70
ia ,,,a . f"p" W. a ""' ee"'"Iy,
IJninn and n ,,os, ~ a., . a 49, VI we
tries On in,imatsIv c"nn.,,ad ';,,' ,h .Uun-
or nropo,,, ana 49, n,,.L WV" '"e va'ue
90 .o',o ''e"'
ns.'' '.". "'
1319o ~
~, t"e
-. m "e'"e' "o'
sn"'o t"e ,"','e' .. 'ne 1'''e nor 'he peo-
i pn "eoPeu' "o"'u p'ocao'y iese' !"
So, e us' VI wy p"pe' mo"ey " Tue "uJo'h,ne
- - y" H; 70 oencteu W ue .ne c"Se NJ 'h,s
80 !" n'as''TiPPi "nu l,.h""sas' anu "ou'u
,;shad h ,'s ,o',oe I ,ty t"." '"a' ,u'-
,ha ~ W W. I'm o'nn'. ~ 70 u'g'u U!
W.. ",oo",'' ., 'l"' sysle"'' '''"t upon inc
, "" wa W wv p'pur "'o"u! ns P'"ee
mo. W ~ wy a"PP,'eu ny Tue precious
,,;r;a" ~ ,,' .'o '"a' NV" years, owe, DIX
h"a n"n, VI wy r'pe' currency VI 'he S'"'e
ma. u. a,h ~'nu"|n rom e'rcu'a''oh, !Ghh.
;,S &c. s"i ~; ~ sou anu s'lVer mas '"hen
"o, r"t L, " ."I W.. uone 30 w''hh' TWO
U.s. sS NV" ""'" 'o''se' ''''e VIII oe requ'r'
'"Th o ;ne,oc ,I 81 fla. In
,,.na "o mnuA ~ s"'a anu s''ver w'I' NANNY
..ad''.,a "PS. .t ."s ..'"'ns rom 'ne su,P'uS
IA ill W W. 49, so'u VI 'o,t,en 'll"rNeA'
ne th, Nv, p' sa,I oveur wnnst we guy
W. :o '""" we SELL Ut whist our banks oy
."." Po"oy give currency TO foreign oahR
,ha ,;,a amGoy Pe'n''ng .nem 10 ulsP'aee
g., s y, ou' OWN o"hNs "lh'n the
.h'. ' ",," w ,."'1e" '"rge "houh' OF eN'
I J''., 'o" ''e s"'eS o' our surplus pro-
WIS" M. -.
ny 'Ap Ny, NV no" ceihg maue' OF as
po"JI w'. ..,;m r"e use oI oank-no'es under
r,r,hor 80 WV u"Io'' US 70 aec'ue wne'ner