Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-01-02


The GroesEy Merchants Of Nashville have deies
aimed hereafter to sell for pEompt pay only. L
our Dry-Gooas Merchants, in town and 'sountry'
would pursue similar policy, or keep accounts
only as are payable On demand We should put
stopper on the export Of the precious metals thar
would 20 great way tOvsEds enabling the Banks
to resume specie payraent, and to restoration Of
the blessed era o. ''eUnhdenCe'- confidence, too
which no Bank panic could shaks-a confidence "A
the fact tat We owe no man.
~ not always safe 70 speak the truth, is an
cd saying which the boldest are sometimes afraid
to violate. Upon subject Of such vital Importance
to the interests Of our whole community, We shall
venture 70 announce, even at the hazard Of having
another age pointed at US that the wish is father
to the Thought, one or two plain truths.
Those who wait to be relieved Of their pecuniary
embaIrassments by legislation Of any kind, either
State or National viii be doomed to bitter dissp-
pOintment. No doubt but men Of al parties would
gladly unite upon such q measure would afford
relief, if they had the power, bat they have not.
They might, it is true, relieve portion By tax
upon another. The present Legislature might, for
instance, borrow money at ruinous sacrifice, by
morgagng cur farms, &C., to be loaned out to those
who live upon Bank favors, but such monstrous in
justice is not to be thought Of, even for a momsat
Rely upon this one thing, however unpslatable'
and the sooner we come TO see and act UPON it the
better, that each and all, individually, must work
out his own pecuniary salvation With such aid as he
can get from kind friends. B1t let no man trust to
legislation or to Banks The Banks are as hard up
as the people, and are Themselves calling for relief
as loudly as We They can do but little for US ex-
cept TO wait awhile longer for what already owe
them, or beIpus send our surplus products to mar
ket This last all are ready to do, and glad of the
chaBce if we offer them the right sort Of assurance
that is for that purpose and that our paper will be
promptly met. Perhaps, at present, We hayes right
to ask for but little else
And this brings US to speak Of enc other truth
A good deal of clamor has been gotten up by those
interested in Banks, until it has, to some extent af
fsoted the minds Of others; that great evil grows
cut Of Bank discussions and Bank legislation, &C.
Not bit of it, if the legislation be Of the right
kind. What that should be- we are not going to dis
cuss Just now. But what we mean to say is this
say what you may, talk till your throat is sore write
TIL your ink is exhausted, and it will not prevent
Bank in the State from diseounting dollar that
ought to be discounted. All this tomfoolery about
the Banks not knowing what do, that they can't
do anything for fear of the Legislature, will have
little effect in frightening Legislators from their pro-
pciety The subject of Banking is one Of great del
icacy, and one but little understood. Our Legsla-
ture has acted wisely in considering it WELL in
discussing it fully, and hope they will continue
to deliberate and discuss until their own views Of
what right is fully matured. Let there be no has
ty action, because Of the clamOr of Bank partizans
The people will accept no such apology, if they
coed or fall short of the right work.
At & meeting of the Grocery Merchants of Nash |
vile, held on the 3Oth Dec, 1857,
h. J. Morris was appointed Chairman, and I. c. |
Burge, Secretary. After the objects Of The meeting
were explained, The following preamble and resOlu-
Ji5us we're unanimously adOpIed
Whereas, a financial crisis has visited all depart /.
meats Of business, and impaired confidence and /
creditto such extent, that are compelled TO |
pay cash for all descriptions Of Groceries, at a ruin
Gus rate OF exchange, in consequence Of our depre
cated currency:
Therefore, 5eitTes0lusd, That from and after the |
first Of January next the Grocery and Produce Mer
chants OF Nashville will sell no goods except for
cash. or its equivalent nProduce, and I'll no orders
Ior Groceries or Produce unless accompanied by the
cash, OF its equivalent in produce.
RssOlge9 That we will each advise our patrons by
circular, card or letter, of this determination We
feel confident that the merchants trading at Nash
vile will appreciate the necessity of this course upon
our part, and We would recommend them 10 adopt a
siuni ar system with their patrons
X. J. MORRIS, Chairman.
7. c. BURGE, Secretary.