Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-08-08

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We are gaaseas learn that the dleultes heretofore existing
between the Bank Of Tennessee the Piartsrs and Union
@ in relation to The settlement Of their balauces which
cared sorls uneaass among the people, asWe great deal
o. neonaleet TIE business commgni have been adjusted
TO their mutual aetion and that hereafter each win receive
the notes Of the others whether payable in this city elsewhere
This is another step in the right direction.
Now That this utv between stock Bans has been ad-
usiad pe they will feel it ir duty. know
interest," to resume their ordinary business grant soozaoda
tie people, which have been assured has been much
! needed by some Of cur business men.
Some Branches Of the Bank Of Tenneee hre already
resumed specie payments all against them and We
hope others, that matters have eeu adjusted here viii at
m into line preceded BY the Bank This is is the
policy aud hope the Bank Tennezsee will not longer
hesitate adopt We have entire confidence the old
here Will be found with ample to sustain Themselves and
transact the legitimate business Of the country.
Itw be seen from the cards OF D. B. TURxER and s. ?.
HALKEs, Esq, which publish below that they have agreed
upon basis for the settlement Of the the exploded Cit
zens Bank for the purpose Of protecting note holders, by
which Mr. O. H. LDE becomes the agent wind up and apply
the proceeds and Mr. WALKER undertakes make up, out his
individual means deficiency that may remain, after the
pcon Ct these and Of 6onus agreed to be paid BY
Capt TuRSER into the Bank for transfer him. in January
last.
We grat6ed this mOvemens gives the blhoders
Of the Bank realizing full amount they may
hold by waiting short The Appeal says eve deem it
proper tw should conviction that the asirs Of
the Bank will be IN safe and competent hands Our acquaintance
with Mr. LDzha given high estimate Of bis integrity, ability
and fnlncla skill We may sd that have no doubt Of
Nr WALKER ability to fully meet any de8 Of the assets Of
the bank.
The people Of Memphis seem to be considerably exercised in
regard the system Of banking pursued in this State They
holding meetings, making wordy speeches and passing resolu
declaring what ought be done. At meeting Of
business men, held the 18th inst, the following
resolutions were adopted:
Ess01geT, demand for the produce
brought to this market renders it imperative and Just that the
reucy which is sold should conform specie basis.
Rssote5 That for the attainment Of this object all the
power drive from circulation the bills Of all banks
not convertible into specie at P r in this city,
Rssgd That the practice of issuing notes here payable at
distant points policy unwse as il prudioia the
people Of this city and country,
Banks themselves. and should not longer be endured
EesOlrsT, the Of the Branches OF the Planters and
Union Banks this city, since their resumption of specie pay
1nents disbursements and payments Of specie and
low rates Of exchange has been very satisfactory to the eommu
nifty; that while commend the course Of these institutions
yet believe that nothing short OF ISSUE eeemable the
counters which paid out will secure complete restoration Of
confidence throughout the country.
hereby earnestly requested to aid all they bringing
about the reformation, by demanding for their products
P5rs That We regard the conduct OF the officers Of eate
Citizens I since the failure of that Institution has become
consider duty, which they alike
reputation and the holders Of their notes. surrender the
of the Citizens Bank, to be applied by him the edemp
ton Of its issues AID that deficiency should he made good
By placing disposal Of the Trustee property real or
personal Of which said officers may be possessed.
they viii like they talk and resolve they viii
taking step the right direction, and something be
pished toward reforming currency. The people State
especially portion, have in their power compel
the Banks adopt the specie Standard and shall hail with
pleasure determined their part this end
wenotcs York Exchange the 81
inst or $1,000 Tennessee bonds g2s. Viz
gnia Bonds, which previously Of declined to
So.
The position OF o English market for American securities is
thus noticed h aIes n Bell Son & Co., Of London, under
date Of July %.
American State Stocks at improved prices In the mar