Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-07-29


Dir. JoHs PoETEHrzD, formerly cashier Of tas Merchants
Bank, has purchased the Traders Bank Mr. PoRTREID is
thoroughly congerslnt with the obnkng and Vsus
tain the high reputation the Traders has acquired under
the management Of Messrs CRozEER and DoRrcH
Our Banks do not sustain envas reputation abroad me
New Orleans Delta Of the 2ith says:
There great distFust regarding the issues q me Bass o.
the State OF Tennessee Of the thirty three Ranks in ne state
there are only tothe Union Bank and the Planters Bank-
tsrei-are somewhat under the ban.
Fhsstae Of things been brought about partly By ths fail
uTss and POPULATIONS which have recently occurred and partly
BY the system upon which banking this State conducted
Our Banks making money that may be the reason why
they arenos more mindful Of their standing abroad
UEds the heading Of s." Clean Of Hope The Memphis Ara
iGRcko Of he 26sh inst, says
The present bank excitement doing good, and the
bursting Of the late Memphis hubble has not been unprCduetve OF
good While individuals suffer and honest men are Kept out Of
their just dues the people at large will profit BY the lights o. ex
public sentiment something the way honest dealing
Illustrative Of this, pleased to learn that me fanes
city releem the circulation that Institution in
ther st the painted post ia Tennessee at Knoxville The
bank however claims right exclude the brokers from this
benefit this Is in The right drections are al
ways exceedingly osing and polite when they wish e. accom-
pllsh sinister purpose know whether this move
ment made for the purpose queIing the storm popular
indignation against the coTupiions Of banks and banking, or
We repeat the Planters Bank deserves
much praise for this movement It start in the right dc
wards redeeming the city and at the same time,
restore public confidence in this institution go
I'VE understand, furthermore, that the Planters Bank will
hereafter make all its notes payable at Nashville 90 not
prove o. TINS policy by any means The n9tes issued az memphis
should be redeemed at tins place and TINS ponL We a press up
the public attention all suitable occasions But the prom
Use 10 pay at Nashville is point gained NASHVILLE IS more ac
ccSsibe than the painted post in East Tennessee
But the fact that note holder get the specie from the
persist in this coure Of policy they viii ent themselves the
public confidence Mr.. Weaver, understand IS Of the
best business in he State and do hope he will sustain
ter note system at
ers Bank in its attempts to act fry This instutuon fy
able to meet its debts anywhere, while it continues to persist in
dence. the Bank fear it beyond the reach Of
medicine the it is doetored the worse it gets"
The Louisville journal the eth, quotes Bank Tennessee,
Planters and Union Bank Of Tennessee q cent discount
and the sound Tree Banks Of Tennessee The Journal says
There has been disposition eyineed elsewhere dcred the
Bank Of America full confidence here. The
ton. take Indiana and Ohio State Bank paper from
their par aud charge outside parties discount;
Indiana Free Banks range from "a TO discount Illinois mo-
ney discount Missouri par
The Banhrge ga Argue Of the DIST inst, says: We have
been informed BY acting Cashier Of the Bank that
every dollar Bank has been paid ont vaults
nus Of either specie bills other banks lie consequently
closed doors on Monday left in the stage Monday night
Mr. JAMES RAY Cashier Of Bank Of Indiana gives
notice through indianapolis papers that the day o.
January next charter powers the State Bank Of Indiana
cease and provision for the redemption OF the notes Of
Bank which may left outstanding been made All
OF cnarter the Bank
present the outstanding circulation to the proper branches
without delay for redemption.
The New Orleans De Of 9th reports slight advance in
Sugar and Moassa and quotes fair to fully fair Sugar at
s1fe olasss at 2C in barrels The stock Offering is
very limited The Delta Of Bagging Bale Rope.
Kentucky Raging has been selling l3l6c yard
for hand and power loom e Transactions including 700 pieces
and India at B 6Sc the sales Of the latter
three lots including 100 to-day
OF Bale Rope 5000 coils Sold including 1000
hand spun three four lots at 81 csc ID, and the resi-
due on private terms
The Cincinnati Ga7e Of the 96h gives the following general
review Of that market
There was generally buoyant feeling the produce
Saturday. Provisions better than Friday. Mess PORK
saeabe SIG ., but it held out Of the market Ba
shoulders, for sides, but there
these figures Prime tbl lard held at lie.
Flour firm but there demand for export the prices
askedS4 1894 p for supcrne. The Of the trade how
ever fully equal the receipts the continuing quite
light Sugars firm ease for PRIME with
disposition sell freely M0asss advanced 4Uc Receipts
wheat, though still light the The market
very firm Saturday Prime Kentucky white brought 81 very
readily. Corn steady at jGe5sc. Oats 47948c.
FOREIGN Observation-Disclosures July I7-saes Of cotton
for the CUO bales. All qualities slightly declined
Holders offer freely, bu show disposition press sales Cot
ton quiet The sale, of cotton for the week includes lSUO bales
spectators and 35t0 exporters There has hen decline
Of from ZIG 3 in all qualities sale Of Friday 5000 bales,
closing at the following quotations. Orleans fair mddng
4 Mobile fair ~, mildlns o.; Jplans lair ~ middlng
BIG Stock Of cotton in port 635OOO e Of which 10000
American An auction sale small lo Of Island
ton has been made at a decline Of ID.
LIVERPOOL July &C. p. The weather continues favorable
for the crops.
dull al decline Of ID Corn dull-White sells at 3d. and
yellow 3is. The Circular quotes
6dls Wheat has declining tendency Corn has also fallen
of 6d.