Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-07-18
O. 1T m&rtfal.
Monetary and CommerciaI.

The Bank Of Tennessee, the Planters and the Union
selling exchange New York at 4 per cent. premium
We notice sales Of Tennessee bonds in New 18Th
follows $1,000 at 3d. $1,000 at 93li and $4,000 at go
This advance Of per the prices Of previous
day.
Wenoce Improvement notes Of the banks Of Clai-
borne, Tazewe Trenton jefferson, which are selling
SOc discount
The cambridge Bank has notified the Comptroller of accept
ance Of the conditions imposed upon the banks in this State by
the last legislature The Of this bank still quoted
at per cent discount.
The Knoxville citizen learns that the capital of tbs Of
Chattanooga has recently been considerably subscr-
On the part Of several very wealthy Southern gencmen
the stock being little less than half million Of dollars.
WILLIAM WILLIAMS ESQ., who has since the organization Of
Bank directed affairs President has lately resigned his
office and JOIN OvERToN, Esq, has successor
Mr.. FUTON continues in the CashersIip
The Memphis papers Of the 18th contain e following from
Mr.. SAMUEL r Waller, the predecessor of Capt D. b. TURNER
in the Presidency Of the Citizens Bank:
reference Of Captain Turner yesterday have
that January delivered stock asss
&c, the Citizens Bank Captain Turner and VIM A.
made and the contract in good faith, and claim
assert complied II not the courts of
the country Will declare will be subject Of judicial in
yeaon As to that portion Of his card about handing
the Of the Bank to the proper owners whilst discsm
ownership have agreed with Mr. Jones that the assets be placed
in the hands Of eeeer in whom and they and the public
have confidence that the debts may he collected and applied
the payment the liabilities Of the Bank, without preference
any creditor When TINS IS done there snail be deficiency
either Captain Turner and Jones myself will he bound for
II the Courts decide that bound for it, all the
have, Of every descriptions shall be appropriated to its payment.
SAMUEL p WALKER.
MEMPHIS, July Il, 1873.
1t will be that Mr. WALKER denies the allegation Capt
Turner that he had failed comply with his Mr.
WALKER therefore, throws back upon Capt TURNER the respon
siby Of the failure of the Citizens Bank The ownership Of
the Bank is to he the subject Of judicial investigation
WALKER pledges himself in his card hold property
@ the payment Of its debts should the that
is The owner The appeal in publishing Mr.. WALKERS card,
says
Capt Turner's card was general and unsatisfactory, Mr.
Walkers develops nothing by which the public
noehodcrs form intelligent opinion who wrong
ed them. T. however, throws upon Captain Turner
masking good his general statements and cxculpat0ry allegations
by specific oppose Of the operations Of the and Of
the contract with Mr.. Walker.
That the public ouageOusy swinded WrOnged
doubted, and in this instance they determined
possible, that revelations shall be made shall fix upon the
heads Of the guilty parties public condemnation. Ths previous
high standing foineg both Mr. Walker and Capt Turner
only goes 10 render the question to be solved It
due alike 70 the injured nOehOde and to the innocent party
In this controversy that full and fair investigation and develop
should be made II Capt Turner has been wrongd
cent respect for his reputation, well as for the muludes
who have suffered through the credit attached 20 bis name, will