Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-08-21

The Memphis Ban Of the 18th says letter from gen
ileman nov Nashville who holds prominent position in
circles gives the information that the Union Bank will
issue million Of her the Branch here stamped with
pledge Of redemption this point 1t understood that the ne
esy delay in preparing and getting ready BY Signature the ne.
ssav amount Of notes 50 PAYABLE on their face, IS the cause for
this substitution Of the notes now in use"
The same paper saws: The approaching Cotton Season prom
m to present the unwonted spectacle Of an abundant and free
circulation Of ooin old Banks have agreed to make
arrangements paying it out on cheeks and in redemption Of
their mites mt in circulation here while the Life and General In
ncs Copany has already begun the good work,
.aoo Dusng that period they have paid checks in coin
currency as preferred by the holder. We learn that their
anqments are ample continue the throughout
the Success and prosperity all these pioneers Of
the good time coming. p"
The New Orleans Delta Of the 18th says Cotton Of the
crop arriving with freedom, yet there nothing to ind
cate receipts viii for weeks much before
October, There doubt what city has to
undergo the effects Of epidemic before any improvement in
business he realized"
The Chattanooga AdUseT Of the 18th reports Wheat coming
in freely at 6597O for Red and 1880 for White
The Philadelphia Press says hsre considerable increase in
the number Of cattle and swine reeehng that market from the
South Upon the Baltimore Railroad there are almost
daily trains Of from twenty FIVE thirty each capable o
holding thirty CATTLE destined for the Baltimore and Philadelphia
markets. The pecu ary adapted to the purpose Of
Transporting this species freight and cattle reach market in
remarkable good oondonnny better, it is said than those
which long distances The number Object cattle which
now reaches Philadelphia market is said to be greater than
ever before and fact little encouragement to all
good feeders particularly those who are budened with the
task Of providing for q number Of mouths.
Mr. w P WEIGHT Cotton Broker Of New York; in his cir
cuar correspondents in Europe sent out by the steamer
Europa remarks upon the influence which the Atlantic
Telegraph viii probably upon the Cotton trade:
anxiety trade to the working
the cable it considerable change in the mode Of
ransactg business in future The effect OF this new agency will
be the equalization Of markets. and diminished chances for those
serious losses which periodically occur IN he EPool cotton
trade. system Of purchasing 10 arrive, IN Liverpool by
classification sample will be adopted and there will be
increase business in this city New York will
the SOUTH Ncepf0m points where
S FIJ "a - SINNERS and otbers i, F,roDo Iii
soon discover how much served by the free
use Of the telegraph and admirably adapted transit bnsi
ness Of New Y + in ordering cotton to arrive with them At
49, =, - - IN two or three months tbsrslv I,atj,
large saving in interest," and enabling them tn
supply of the raw MATERIAL fill extensive
goods aud warns The business Of this city found
five and capable Of great
crease and not be too 9ed to p that the day Is notfar
distant the bulk Of the cotton trade between Europe and
America will be transacted in floating argoes, represented by
Cassfcaon through the agency Of the electric telegraph.
WRIsHT speculations says the Memphis Appeal
to be orcs and just The equalization Of prices certainly
devouy be wished" Produce will then
price everywhere equivalent TO what is worthn the
hands, less transportation manuiactur. egit
profit the exporter In other words producers here
win enabled to for their products just what they are
worth, Speculation upon ignorance will o.
the question only time required to
transport commodities the ocean, whereas, now the
drawback double, being the time Of sang Atlantic
and the time of transportation in packets
The Of this cannot be otherwise than friendly and
promoye commercial exchsnge Whatever destroys spec
llaton and gambling in business advance the
he uar trader, who docs legitimate reliable business
the ratio benefit the producer consumer by
foding the fair recommendations and the other regular even
prices.
Our readers will remember remarkable example Of the
ernous influence upon the interests farmers regu
ar Of prices in the Cotton market the beginning
just closed Cotton then bore price England 100 per cent
higher than home markets. The this was the
commercial panic home which did not then exist abroad II
he manufacturer could then purchased according
aon produce ia fraRSia by telegraphing New York;
reliability that large orders wUnld have been sent for classified
cotton to New York at something like the prices ranging
liverpool which would have had marked upon our mar
let and equazed it with that of Liverpool This illustration
viii come home to people with greater force than all that
said in praise Of the Atlantic Telegraph by poets and enhu
ss We present it the Cotton trade of city and the Cot
planters Of this region fair example Of the influence
hch this great nstrumentay viii upon their interests
I'D destiny.
Earafu11