Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-10-05


The war between the Suffolk Bank the Bank Of Mutual
Redemption in Boston, respecting the redemption Of the notes
the New England country banks still continues The Boston
Tnscr saysof this struggle that various plans proposed
for adjusting troubles produced BY the advent Of the Bank
Of Mutual Redemption and the recent course Suffolk Bank
As means settlement the propry Of the estbl
sew England Clearing House receive much attention.
We're such institution operation country could
keep their accounts in any the Boston they might select
the balance shown at the Clearing House would be received
paid by banks where their accounts kept project with
many Of the salient features above finding consider
able favor financial circles The Of the Suffolk Bank
towards institutions withdrawn from its arrangement
has created quite feeling against IL lei tanned that
the Suffolk has uniform system of operations but has
treated various equal standing upon widely different
terms.
The Lowell Bank has moved for an injunction on the suffolk
Bank relative bills Of the Lowell Bank the hands Of the
former bank on the ground
specie for them, which declined
ing Butler, Esq appeared for the Lowell Bank
". Chandler ESQ., FOR the Suffolk. The Boston Ledger Of the
S9th ult. says;
The suok Bank claimed from the Lowell Bank two per cent
month FOR the bills in its possession The Lowell Bank rendered
the bills with all the expense and loss incurred By the
Suffolk, which refused.
from the Suffolk Bank claiming that they were theirs and that suf
right keep them. This writ yes
terday morning by Sheriff Clark while the Directors Of suf
ualy denied all knowledge Of the bills.
The then directed its COUNSEL Nesrs Gushing
Butler get bill in equity, and it was drawn under their
direction, BY N. John The bill prays Suffolk
Bank be dereed TO deliver up to the Lowell Bank the bills Of that
possession and that the restrain them by the
Of them preadeal to the Lowell Bank The Lowell Bank sets
Jort the bills theirs that the possession Of them
cessay carrying the business for which he5 chare
that it their legal duty by the requirements Of The statutes to
keep them in circuaton the suffolk intend
iure them BY keeping the bills that they cannot do the Law
requsres-
The Boston Transcript Of the states that sixteen
country banks have withdrawn their special deposits
Bank that twelve others have sgufed their intention
Of following ia the
eeg7aphc dispatch Boston to the New York papers,
der OF the Both u Anappicaon made by the Low
injunction prevent the Suffolk Bank from
cuIating thirty thousand Of bills of the which
specie had been rendered counter Suffolk
was refused to-day by Judge Bigeow.'
The Savannah Republican Of The lst inst, says
The reports from the Cotton crop conflicting, but the
whole are unavorab led to believe ago.
Our last circular closed upon Urn market with small offering
stocks and good demand; this things continued
ke remaining Kidding up Tuesday, when
per City Of Washington with Liverpool dates the
ed more confidence holders and caused them their
prices about all grades buyers were not willing it,
and operations 46 bales the asked
There are English orders here considerable extent m
ted to price prevents their being filed while
there continues brisk demand which keeps the offering stocks
absorbed remark he large increase in receipts up
date previous there having to hand 1903 bales
date against 24 bales las yeaI, and l bales the
previous Notwithstanding the heavy receipts there is but little
offered for sale as large proportion Of 1t only IN course OF
transportation mention this fact to explain the reason Why
with large stOc hand and such heavy daily receipts there
Is little on sale.
Our report upon quiet but firm market at the following
quotations. AIiddng I2 l2s Strict Addng 1879, Good Mid
ding 1913, Middlng Fair l95s, Fair l21i
The Charleston OF the the opinion
the Cotton of the present season, particularly of South
Carona-and that paper thinks the remark viii apply very gen
orally whole Cotton region-is by up
the crop the previous years and says the differ
ence in is varousy estimated from q &C. The
this opinion must course, be left to the future
decide Charleston quotations the LIST Were
Strict Mddling lsi 9l2c, and Good Middng 8Iiddng
Fair l22lc.
In regard to Bacon, the Courier says;
large and accumulang stock, together with the total alb
OF thing like demand have further depressed the
and the sales particularly those recently made, show
decline &c opening prices. The
Sides valued at "a 9 and Shoulders Sc, the latter price,
however, is an extreme figure
The Boston Shipping List Of the Goth uit says:
There is better demand for Ganny Bags prices remain
material There is large stock Of light
but heavy which are most inquired for are scarce
there wider Of than usual;
Of $50 average, l0 200 bales, -S
luke 200 bal 46 llc 100 bales $50
ayeravr to arrive 800 bales also TO arrive
quiet for Gunny Cloth and sales OF
imporace small lot Of 50 bales standard sold
we did not learn.
Markets by Telegraph.
NEW ORLEANS, Oct 4-Coon-Saes, 800 bales. Prices ca
sier but quotations unchanged.
Flour firm at 500. Corn 62Iz
NEW YoRK, Oct. 4-Four dull at 49Oa51O. Wheat and
Corn declined. Pork dull at 1850
CINCINNATI, Oct. 4-Narkets generally unchanged.